2012-11-01T08:19:22-05:00 2011-12-31 450250958 EIDE BAILLY LLP 200 EAST 10TH STREET PO BOX 5125 SIOUX FALLS SD 571175125 990 2011-01-01 460273801 South Dakota State University Foundation SOUT 6056977475 815 Medary Avenue Box 525 Brookings SD 570070499 Steve Erpenbach 6056977475 2012-10-24 1 Laurie Hanson P00851848 6053391999 2012-10-24 2011 2016-02-24 21:20:13Z Steve Erpenbach 815 Medary Avenue Box 525 Brookings SD 570070499 210868740 0 X www.sdsufoundation.org X 1945 SD Uniting the dreams of our students, university, and donors to build a better SDSU. 9 9 36 185 0 0 24261166 25135858 244190 352075 3509271 10003954 837641 807861 28852268 36299748 22872183 23399918 0 0 1865313 1828827 120414 0 2220218 4952835 4240038 29810745 29468783 -958477 6830965 150483817 144963532 33437498 31816876 117046319 113146656 Uniting the dreams of our students, university, and donors to build a better SDSU. 0 0 25508208 23399918 2394648 To unite the dreams of our students, university, and donors to build a better SDSU. Approximately $4.9 million in scholarships were awarded, $6.5 million in departmental programs were funded, and $13.8 million in capital projects were funded during 2011. 25508208 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 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 1 186 0 1 36 1 0 0 0 0 1 1 1 1 1 4 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 X Tim Dwire 6056977475 815 Medary Avenue Box 525 Brookings SD 57004 Kevin Roberts 1.00 X X 0 0 0 Duane Harms 1.00 X X 0 0 0 Keith Bartels 1.00 X 0 0 0 Gene Johnson 1.00 X 0 0 0 Jake Krull 1.00 X 0 0 0 Steve Stahly 1.00 X 0 0 0 Kim Tyler 1.00 X 0 0 0 Cathy Voelzke 1.00 X 0 0 0 Myron Williams 1.00 X 0 0 0 Steve Erpenbach 55.00 X 137572 0 22259 Tim Dwire 55.00 X 121175 0 11059 258747 0 33318 2 0 1 0 Henkin-Schultz 6201 S Pinnacle Place Sioux Falls SD 57108 Marketing 227139 Aramark USU 155 Box 2815B Brookings SD 57007 Food Services 122655 Mercer 701 Market Street Suite 1100 St Louis MO 63101 Investment Consulting 115012 3 25135858 3891452 25135858 Investm't-Subsidiaries 900099 192075 192075 Administration Fees 561000 160000 160000 352075 2394648 2394648 312861 0 312861 312861 312861 182178298 174568992 7609306 7609306 7609306 Telemarketing Contract 900099 300000 300000 Prof'l Fundraising 900099 195000 195000 495000 36299748 0 0 11163890 23399918 23399918 292601 212541 80060 1314715 436436 878279 58841 21474 37367 53940 18951 34989 108730 42485 66245 78473 11676 1210 65587 66255 8000 58255 339119 29 314775 24315 448545 357621 3100 87824 127810 28932 12415 86463 491983 171668 164576 155739 35204 4493 12589 18122 191831 19057 155457 17317 422757 328452 12104 82201 22962 17683 3692 1587 606305 513542 92763 149840 149840 52710 33 19606 33071 Hospitality 519525 395591 2192 121742 Recognition & Memorials 350231 213068 1663 135500 Alumni Association 283924 283924 Dues & Subscriptions 39480 32949 3897 2634 13084 5496 336 7252 29468783 25508208 1740357 2220218 16070423 11781139 33499114 31350506 2348720 2289821 23208 26258 8748844 1623625 8479794 7125219 79896058 81867557 10166500 10523032 150483817 144963532 3454387 6820504 18429736 15950505 2046737 9506638 9045867 33437498 31816876 X -16181483 -19377638 35251283 27880008 97976519 104644286 117046319 113146656 150483817 144963532 X 6830965 -10730628 X 0 1 1 X 0 X 21037436 40346632 19679152 24505356 25135858 130704434 21037436 40346632 19679152 24505356 25135858 130704434 27605350 103099084 2279371 2528816 2764528 2602361 2707509 12882585 466600 450000 462000 495000 495000 2368600 145955619 1766723 0.70640 0.65580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 85546878 9609609 -291743 2797413 266933 1302756 90497642 71640908 10717659 7294478 3841177 240733 24257 85546878 58226820 7462837 10825532 1877176 1701797 1295308 71640908 76878289 4159815 -18149992 2204058 842276 1614958 58226820 0.98910 0.01090 0 0 1946499 786986 2733485 671983 3583987 895242 3360728 781985 697903 84082 926001 51403 30480 946924 7125219 Cash Surrender Value of Life Insurance 364287 Beneficial Interest in Perpetual Trust 779475 Trusts Held by Others 1366011 Life Estates 1157155 Investment in Subsidiaries 1161941 Prepaid University Support 1493060 Other Investments in Annuities, Trusts & Endowment Pools 4201103 10523032 Investments Held for Others 261792 Gift Annuities & Life Income Agreements 8784075 9045867 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: Part X: The Organization evaluates its tax positions on an annual basis. Management has determined there are no uncertain tax positions at December 31, 2011 and 2010 that meet the criteria for recognition in the financial statements. As of December 31, 2011 and 2010, there was no unrecognized tax benefit accrual necessary. The Organization is subject to U.S. Federal tax examinations by tax authorities and will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 South Dakota State University PO Box 2201 Brookings SD 57007 466000364 501(c)(3) 15517605 2769953 FMV Investments SDSU Departmental Expenses, Building, and Equipment Purchases South Dakota State University PO Box 2201 Brookings SD 57007 466000364 501(c)(3) 4943458 Gifts, Grants and Scholarships Enterprise Institute 2301 Research Park Way Brookings SD 57006 710879071 501(c)(3) 40000 Gift, Grants and Scholarships SDSU Alumni Association Alumni Bld TAC Box 515 Brookings SD 57007 411866674 501(c)(3) 10721 Gift, Grants and Scholarships Michigan State University 109 Agricultural Hall East Lansing MI 48824 386005984 501(c)(3) 66667 Program Support South Dakota Community Foundation 207 East Capital PO Box 296 Pierre SD 57501 460398115 501(c)(3) 5000 Gift/Grant Sand County Foundation 16 N Carroll St Suite 450 Madison WI 53703 396089450 501(c)(3) 5000 Gift/Grant South Dakota World Affairs Council SWH 209 Box 510 Brookings SD 57007 274427217 501(c)(3) 12047 Organization Awarded 501(c)(3) Status 7 7 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 0 0 0 0 0 0 0 0 0 Steve Erpenbach 127572 0 10000 0 0 0 7445 0 15102 0 160119 0 0 0 Brookings County 466000070 2007-06-28 10000000 Building projects on the SDSU Campus in Brookings, SD. 0 0 0 Brookings County 466000070 2010-04-28 12000000 Avera Health and Science Center 0 0 0 10000000 105085 9894915 2009 0 0 1 1 12000000 29864 11970136 2010 0 0 1 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 1 X 1 4420 Opinion of Expert X 52 593889 Avg High/Low X 1 235000 Appraisal X 1 238888 Appraisal X Equipment 31 2064374 Opinion of Expert X Livestock/Grain 37 173282 Selling Price X Other 252 581599 Fair Market Value 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 annual 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 CFO reviews the 990 in detail prior to it being filed. Any questions are resolved with the governing body prior to the 990 being filed. A copy of the 990 is electronically provided to the governing body prior to it being filed. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -9,955,886. Change in Split-Interest Agreements -774,742. Total to Form 990, Part XI, Line 5: -10,730,628. Proceeds Form 990, Sch 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. The current year funding is included in program service expense on the statement of functional expenses and is considered an expense to the Foundation even though the funds were used in the construction of capital projects. 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 Mighty Fly SD Inc 110 S Phillips Ave Suite 200 Sioux Falls SD 57104 411931279 Owns a turbo prop plane that is leased to SDSU SD SDSU Foundation C 33530 703307 1.00000 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 Opportunities Farm A 160000 FMV