2015-10-29T13:43:32-05:00 2014-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2014-01-01 460273801 South Dakota State University Foundation SOUT 6056977475 815 Medary Avenue Box 525 Brookings SD 570070499 Tim Dwire VP OF OPERATIONS & FINANCE 6056977475 2015-10-29 1 Laurie Hanson P00851848 6053391999 2015-10-29 2014 2016-02-25 16:41:14Z Steve Erpenbach 815 Medary Avenue Box 525 Brookings SD 570070499 79676989 0 X www.sdsufoundation.org X 1945 SD Uniting the dreams of our students, University, and donors to build a better SDSU. 13 13 38 182 -30937 -30937 44986342 35833176 148771 -99960 4994825 6433018 946855 1132582 51076793 43298816 21123266 35061858 0 0 1985729 2372664 15000 170983 2340903 2379447 2296528 25503442 39902033 25573351 3396783 191862495 191054490 24027671 21705881 167834824 169348609 Enhancing excellence by cultivating generosity and treasuring the loyalty of all we serve. 0 0 35061858 35061858 0 To unite the dreams of our students, University, and donors to build a better SDSU. Approximately $3.43 million in scholarships were awarded, $5.6 million in departmental programs were funded, and $25.78 million in capital projects were funded during 2014. 35061858 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 116 0 1 38 1 1 1 0 0 0 1 1 1 1 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 0 1 1 1 1 AK NH X Tim Dwire 6056977475 815 Medary Avenue Box 525 Brookings SD 57007 Steve Stahly Chair 1.00 X X 0 0 0 Kim Tyler Chair-Elect 1.00 X X 0 0 0 Keith Bartels Board Member 1.00 X 0 0 0 Gordon Niva Board Member 1.00 X 0 0 0 Duane Harms Board Member 1.00 X 0 0 0 Cathy Vander Wal-Rounds Board Member 1.00 X 0 0 0 Cathy Voelzke Board Member 1.00 X 0 0 0 Myron Williams Board Member 1.00 X 0 0 0 Jon Brown Board Member 1.00 X 0 0 0 Bill Folkerts Board Member 1.00 X 0 0 0 Mary Howard Board Member 1.00 X 0 0 0 Jerry Lohr Board Member 1.00 X 0 0 0 Pat Mickelson Board Member 1.00 X 0 0 0 Steve Erpenbach President/CEO 55.00 X 179863 0 32530 Tim Dwire VP of Operations & Finance 55.00 X 140285 0 23250 Keith Mahlum VP of Development 55.00 X 129287 0 13221 449435 0 69001 3 0 1 0 TSP Inc 112 N West Ave Sioux Falls SD 57104 Architecural Design Services 340026 Aramark SSU 155 Box 2815B Brookings SD 57007 Food Services 334038 Henkin-Schultz 6201 S Pinnacle Place Sioux Falls SD 57108 Marketing 203071 Ruffalo Noel Levitz PO Box 718 Des Moines IA 50303 Programs Management 170984 Mercer 701 Market Street Suite 100 St Louis MO 63101 Investment Consulting 152618 5 35833176 17263586 35833176 Administration Fees 561000 169794 169794 Investment in Subsidiary 900099 -269754 -30937 -238817 -99960 2820982 2820982 352582 0 352582 352582 352582 36332309 3657900 32796449 3581724 3535860 76176 3612036 3612036 Professional Fundraising 900099 480000 480000 Telemarketing Contract 900099 300000 300000 780000 43298816 0 -30937 7496577 35061858 35061858 519548 270309 249239 1554220 768366 785854 68576 36835 31741 96156 46291 49865 134164 66031 68133 9329 2656 6673 64436 63658 778 170983 170983 258518 258518 147818 43482 104336 53731 31672 22059 418924 239699 179225 44982 28302 16680 203555 179365 24190 86272 13822 72450 27379 9813 17566 26953 26953 178690 178690 82290 22930 59360 Recognition and Memoria 260255 207987 52268 Hospitality 138636 1787 136849 Dues and Subscriptions 12212 3443 8769 Income Taxes -3861 -3861 286409 2524 283885 39902033 35061858 2499272 2340903 28321051 21128463 28041868 26658567 3482290 3215164 922996 630412 10981898 2087662 10801755 8894236 107902127 112405650 1250000 1250000 11140408 16871998 191862495 191054490 2779723 2504073 10992044 8512813 722449 613802 9533455 10075193 24027671 21705881 X -11241281 -10497571 58294254 55470371 120781851 124375809 167834824 169348609 191862495 191054490 X 3396783 -2928948 1045950 X 0 1 X 1 0 X 24505356 25135858 26472583 44986342 35833176 156933315 24505356 25135858 26472583 44986342 35833176 156933315 27623837 129309478 2602361 2707509 2944827 3028871 3173564 14457132 495000 495000 450000 560000 780000 2780000 174170447 352075 0.74240 0.74170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117212100 4752893 3286197 3757236 43015 1591360 119859579 101078660 9944980 10993653 3378758 9487 1416948 117212100 90497642 6224937 8392754 2363038 433425 1240210 101078660 85546878 9609609 -291743 2797413 266933 1302756 90497642 71640908 10717659 7294478 3841177 240733 24257 85546878 0.00270 0.98070 0.01660 0 0 1967975 786986 2754961 797610 4066531 1255072 3609069 976458 808624 167834 2321836 64502 23966 2362372 8894236 Trusts Held by Others 2342688 Life Estates 4251655 Investment in Subsidiaries 1864537 Cash Surrender Value of Life Insurance 474109 Beneficial Interest in Perpetual Trust 984541 Other Investments in Annuities, Trusts & Endowment Pools 6954468 16871998 Investments Held for Others 153432 Gift Annuities, Life Income Agreements, and Life Estates 9921761 10075193 X Part V, Line 4: To assist in fulfilling the Foundation's mission of uniting the dreams of our students, University, and donors to build a better SDSU, through scholarships and departmental programs. Part X, Line 2: The Foundation is exempt from federal income tax as a non-profit corporation under Section 501(c)(3) of the Revenue Code. The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS and is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The Foundation files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report unrelated business taxable income. The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions at December 31, 2014 and 2013 that are material to the consolidated financial statements. Future accrued interest and penalties related to unrecognized tax benefits and liabilities will be recognized in income tax expense if such interest and penalties are incurred. The Foundation's Form 990-T is no longer subject to U.S. Federal, state, or local tax examinations for years before 2011. X X X X X 1 Ruffalo Noel Levitz 1025 Kirkwood Parkway SW Cedar Rapids IA 52404 Consulting 0 704837 170983 533854 704837 170983 533854 1 South Dakota 4-H Foundation 815 Medary Ave Box 525 Brookings SD 57007 466016086 501(c)(3) 6736 Program Support Black Hills Area Community Foundation PO Box 231 Rapid City SD 57709 363608635 501(c)(3) 12408 Ranchers Relief Fund Sand County Foundation 16 N Carroll St Suite 450 Madison WI 53703 396089450 501(c)(3) 5000 Conservation SD Theta House Corporation 510 Powder Horn Pass Brookings SD 57006 460342550 501(c)(3) 200000 Construction Costs for Educational Purposes SDSU Alumni Association Tompkins Alumni Center Box 515 Brookings SD 57007 411866674 501(c)(3) 5889 Program Support The Sioux Falls Green Project 431 N Phillips Ave 20 Sioux Falls SD 57104 263820362 501(c)(5) 5135 Program Support South Dakota Humanities Council 1215 Trail Ridge Rd STE A Brookings SD 57006 460316222 501(c)(3) 5000 Program Support Enterprise Institute 2301 Research Park Way Brookings SD 57006 710879071 501(c)(3) 10000 Gifts, Grants Scholarships South Dakota State University PO Box 2201 Brookings SD 57007 466000364 Governmental 3409372 Gifts, Grants Scholarships South Dakota State University PO Box 2201 Brookings SD 57007 466000364 Governmental 31392942 SDSU Dept Expenses, Building and Equip Purchases 9 0 Part I, Line 2: Funds made available to the SDSU Foundation are typically restricted by the donor for specific scholarships and/or programs. The Foundation provides the selection criteria to the SDSU Financial Aid Office, who uses this to determine eligibility of students. The Foundation provides donor-imposed restrictions on program funds to the department heads and leadership of South Dakota State University. Requests are monitored by the Foundation for proper authorization and utilization. X X X X 0 0 0 0 0 0 0 0 0 Steve Erpenbach President/CEO 179863 0 0 0 0 0 9798 0 23119 0 212780 0 0 0 Tim Dwire VP of Operations & Finance 140285 0 0 0 0 0 7472 0 16162 0 163919 0 0 0 A Brookings County 466000070 2007-06-28 10000000 Building projects on the SDSU Campus in Brookings, SD. 0 0 0 B Brookings County 466000070 2010-04-28 12000000 Avera Health and Science Center 0 0 0 A 5875382 10000000 105085 9894915 2009 0 0 1 1 B 7611806 12000000 29864 11970136 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 0 0 0 0 0 A 0 B 0 Form 990, Schedule K, Part II: The Foundation's primary purpose is to unite the dreams of our students, university, and donors to build a better SDSU. To help accomplish this, the Foundation funded approximately $16,600,000 of capital projects on the SDSU Campus during 2010. The proceeds of this $10,000,000 bond issuance were used in funding that occurred during 2008 and 2009. X 138 10770554 Avg High/Low DOT X 1 165000 Appraisal X 5 5190400 Appraisal X Equipment 6 652755 Opinion of Expert X Other 228 324544 Fair Market Value X Livestock/Grain 37 160333 Selling Price 4 0 1 0 Form 990, Part VI, Section A, line 6 Trustees of the Foundation will constitute the membership of the corporation. The Council of Trustees shall consist of no more than 150 members, although that number may be modified at any time by majority vote of the Trustees. Trustees shall be elected by the Council of Trustees during the spring meeting to serve three year terms. There are no term limits. Trustees shall begin their term of office on January 1 following election. Form 990, Part VI, Section A, line 7a The business and affairs of the corporation shall be exercised by a Board of Governors which is elected by the Council of Trustees. Form 990, Part VI, Section A, line 8b The Foundation documents meetings held by each committee but the Foundation has no committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 The VP of Finance & Operations reviews the 990 in detail, and questions are resolved with the governing body. Due to the request for anonymity by certain donors, the Foundation redacted the names and addresses of donors from the copy of its Form 990, Schedule B, that it provided to its Board of Governors. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers officers, directors or trustees. A request is made annually for all officers, directors or trustees to disclose any potential conflict of interest. The board makes a determination of whether there is a conflict of interest and if so, implements the procedure for evaluating the issue or transaction involved. The officer, director or trustee with the conflict must refrain from voting. Form 990, Part VI, Section B, line 15 The process for determining compensation includes the use of sub-committees, compensation studies, and job descriptions. This process is undertaken annually. Form 990, Part VI, Section C, line 19 The documents are available upon request. Form 990, Part XI, line 9: Change in Split-Interest Agreements 1,045,950. Enterprise Institute 2301 Research Park Way Brookings SD 57006 710879071 Support scientific research and educational opportunities at SDSU SD 501(c)(3) Line 5 SDSU Foundation 1 Opportunities Farm 815 Medary Avenue Box 525 Brookings SD 57006 820564374 Operate a farm and cattle feedlot for the benefit of SDSU students SD 501(c)(3) Line 5 SDSU Foundation 1 Mission Hills Plaza 2420 Enterprise Road Suite 105 Clearwater FL 33763 593110740 Rental Activity FL South Dakota State University Foundation Excluded 16055 121739 0 1 0.50000 Mighty Fly SD Inc 110 S Phillips Ave Suite 200 Sioux Falls SD 57104 411931279 Leasing of airplane to SDSU SD SDSU Foundation C 97509 1313048 1.00000 1 Charitable Remainder Trusts (45) CRT SD N/A T 1 Pooled Income Fund (4) CRMF SD N/A T 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 Opportunities Farm A 169800 FMV Charitable Remainder Trust C 1191696 FMV Mighty Fly F 97510 FMV