2025-03-03T15:45:42-06:00 2024-06-30 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-07-01 460224600 UNIVERSITY OF SIOUX FALLS UNIV 6053316592 1101 W 22ND ST SIOUX FALLS SD 571051600 MICHAEL VAN SURKSUM VP FOR BUSINESS AND FINANCE 6053316592 2025-02-27 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-02-27 2023 2025-03-06 01:10:19Z DR BRETT BRADFIELD 1101 W 22ND ST SIOUX FALLS SD 571051600 55675494 0 X WWW.USIOUXFALLS.EDU X 1883 SD AS A CHRISTIAN UNIVERSITY, USF EDUCATES STUDENTS IN THE HUMANITIES, SCIENCES, AND PROFESSIONS. 35 34 668 50 29545 6226 4667425 8044535 31229901 32181774 573408 675904 121129 223299 36591863 41125512 9878846 10925409 0 0 14738950 15066857 19672 28669 860890 13863227 14387454 38500695 40408389 -1908832 717123 94243078 96446953 19869294 18504307 74373784 77942646 X THE UNIVERSITY OF SIOUX FALLS, A CHRISTIAN UNIVERSITY IN THE LIBERAL ARTS TRADITION, EDUCATES STUDENTS IN THE HUMANITIES, SCIENCES AND PROFESSIONS. THE TRADITIONAL MOTTO OF THE UNIVERSITY IS CULTURE FOR SERVICE, THAT IS, WE SEEK TO FOSTER ACADEMIC EXCELLENCE AND THE DEVELOPMENT OF MATURE CHRISTIAN PERSONS FOR SERVICE TO GOD AND HUMANKIND IN THE WORLD. THROUGH PROGRAMS IN THE HUMANITIES, SCIENCES AND PROFESSIONS, THE UNIVERSITY HELPS PERSONS GROW INTELLECTUALLY, DISCERN TRUTH AND DEVELOP A CHRISTIAN WORLDVIEW. AS A CHRISTIAN INSTITUTION, THE UNIVERSITY OF SIOUX FALLS FOSTERS IN ALL MEMBERS OF ITS COMMUNITY THE DEVELOPMENT OF EMOTIONAL MATURITY, PHYSICAL WELL-BEING, INTERPERSONAL SKILLS AND VALUES WHICH REFLECT THE CHARACTER AND TEACHINGS OF CHRIST. THE UNIVERSITY OF SIOUX FALLS IS COMMITTED TO THE LORDSHIP OF JESUS CHRIST AND TO THE INTEGRATION OF BIBLICAL FAITH AND LEARNING; IT AFFIRMS THAT CHRISTIANS ARE CALLED TO SHARE THEIR FAITH WITH OTHERS THROUGH LIVES OF SERVICE. 0 0 34365237 10925409 32181774 PRIVATE LIBERAL ARTS HIGHER EDUCATION--PROVIDING EDUCATION TO 1,500 STUDENTS WORKING TOWARD ASSOCIATES, BACHELORS, MASTERS, AND DOCTORATE DEGREES. 34365237 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 X 100 1 1 668 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD MA MI NY PA SC X X MICHAEL VAN SURKSUM 6053316587 1101 W 22ND ST SIOUX FALLS SD 571051600 JEFF SAVAGE CHAIR 3.00 0.00 X X 0 0 0 JUDY BLAUWET VICE CHAIR 3.00 0.00 X X 0 0 0 BETH SHIPMAN-HABICHT SECRETARY 3.00 0.00 X X 0 0 0 TIM PLIMPTON TREASURER 3.00 0.00 X X 0 0 0 ROCKY REHFELDT TRUSTEE 1.00 0.00 X 0 0 0 GARY BAUMGARTENER TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM MCCREADY TRUSTEE 2.00 0.00 X 0 0 0 TOM BOSCH TRUSTEE 2.00 0.00 X 0 0 0 DR CURT BUCHHOLZ TRUSTEE 1.00 0.00 X 0 0 0 DR JOHN COLLIER TRUSTEE 1.00 0.00 X 0 0 0 PAUL EIDSNESS TRUSTEE 2.00 0.00 X 0 0 0 DR CAROL EVANS TRUSTEE 1.00 0.00 X 0 0 0 DAVE FLECK TRUSTEE 1.00 0.00 X 0 0 0 SARAH SCHULTE TRUSTEE 1.00 0.00 X 0 0 0 DAN LAROCK TRUSTEE 1.00 0.00 X 0 0 0 BARBARA MCMURCHIE TRUSTEE 2.00 0.00 X 0 0 0 MAX MERRY TRUSTEE 2.00 0.00 X 0 0 0 DR PAULA O'NEILL-WEEDON TRUSTEE 2.00 0.00 X 0 0 0 REV RANDY RASMUSSEN TRUSTEE 1.00 0.00 X 0 0 0 AL SCHOENEMAN TRUSTEE 1.00 0.00 X 0 0 0 RANDALL STEWART TRUSTEE 1.00 0.00 X 0 0 0 NANCEE STURDEVANT TRUSTEE 1.00 0.00 X 0 0 0 DANIEL THUM TRUSTEE 2.00 0.00 X 0 0 0 BOBBI THURY TRUSTEE 1.00 0.00 X 0 0 0 STEVE YOUNG TRUSTEE 1.00 0.00 X 0 0 0 DAVID EVANS TRUSTEE 1.00 0.00 X 0 0 0 ALEX RAMIREZ TRUSTEE 1.00 0.00 X 0 0 0 PAT BARBER TRUSTEE 1.00 0.00 X 0 0 0 MAT NELSON TRUSTEE 1.00 0.00 X 0 0 0 CRAIG OKKEN TRUSTEE 1.00 0.00 X 0 0 0 BRIAN WHISLER TRUSTEE 1.00 0.00 X 0 0 0 KENDRA CALHOUN TRUSTEE 1.00 0.00 X 0 0 0 DAVID KAPASKA TRUSTEE 1.00 0.00 X 0 0 0 SCOTT RYSDON TRUSTEE 1.00 0.00 X 0 0 0 THOMAS SMITH TRUSTEE 1.00 0.00 X 0 0 0 DR BRETT BRADFIELD PRESIDENT 50.00 0.00 X 276037 0 37004 MICHAEL VAN SURKSUM VP FOR BUSINESS AND FINANCE 50.00 1.00 X 92451 0 26680 TODD KNUTSON VP OF INSTITUTIONAL ADVANCEMENT 50.00 0.00 X 186829 0 37165 STEVEN HORAN ASST. PROFESSOR-BUS ADMIN/MBA DIR. 50.00 0.00 X 108907 0 15969 JESSICA CHERENEGAR DIRECTOR OF SCHOOL OF NURSING 50.00 0.00 X 123647 0 27518 JAMES GLOGOWSKI HEAD FOOTBALL COACH 50.00 0.00 X 125200 0 300 PATRICIA COLE ASSOC. PROF-BUS ADMIN 50.00 0.00 X 103252 0 29667 MICHAEL THOMPSON ASSOC. PROF-CRIM JUST/GEN. COUNSEL 50.00 0.00 X 109976 0 30772 1126299 0 205075 8 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 6000 TOWN CENTER BLVD STE 120 CANONSBURG PA 15317 FOOD SERVICES MANAGEMENT 1818318 JOURNEY GROUP COMPANIES PO BOX 2728 SIOUX FALLS SD 571012728 CONSTRUCTION SERVICES 1482770 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK E DR LAGRANGE GA 30241 FACILITIES MANAGEMENT 1176545 EAB PO BOX 603519 CHARLOTTE NC 282603519 ENROLLMENT CONSULTING 991086 G&R CONTROLS 4909 N LEWIS AVE SIOUX FALLS SD 57104 CONSTRUCTION SERVICES 457115 15 10425 2024 513805 7518281 1117035 8044535 TUITION AND FEES 611600 26771254 26771254 STUDENT HOUSING 611600 2947367 2947367 FOOD SERVICE 611600 1508806 1508806 954347 954347 32181774 313415 313415 1481 1481 146392 0 146392 146392 29545 116847 14504711 170882 14313104 0 191607 170882 362489 362489 20770 10425 11606 9164 9164 291534 225272 66262 66262 41125512 32181774 29545 869658 10925409 10925409 659415 442913 216502 72659 72659 11578895 9888251 1527145 163499 334205 279689 50159 4357 1575896 1289214 259183 27499 845787 704801 117769 23217 83250 83250 28669 28669 87156 87156 3206113 2523055 408223 274835 344933 65874 279059 1487490 1345937 97927 43626 3365 3365 2236438 2086263 145707 4468 865571 834214 23931 7426 38775 22975 15653 147 715808 654034 58195 3579 2798526 2557013 227520 13993 511417 165760 340190 5467 UBI TAXES 846 846 REPAIRS/MAINTENANCE 1096992 331080 764094 1818 MEMBERSHIPS, SUBSCRIPTI 244770 207986 36016 768 MEALS AND ENTERTAINMENT 214989 180867 13463 20659 451015 230156 200498 20361 40408389 34365237 5182262 860890 4245 14373 2207026 2478910 2399254 3523449 481842 513170 140711 140510 773226 993732 105721584 50554779 55071107 55166805 28661045 29702652 630779 5506 494883 403775 3378960 3504071 94243078 96446953 1920251 1749805 546163 440858 975059 843527 15570745 14888997 17580 84127 160715 0 678781 496993 19869294 18504307 X 42600929 42785953 31772855 35156693 74373784 77942646 94243078 96446953 X 717123 2606725 245014 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35163123 970637 3178443 845471 624318 37842414 32006965 730139 3739363 736838 576506 35163123 35393598 461604 -2645921 699951 502365 32006965 29750014 562131 6077546 616096 379997 35393598 30327081 287202 264552 651912 476909 29750014 0.18102 0.47498 0.34401 1 1 1 1918933 9895196 11814129 73851717 33600635 40251082 19932762 16954144 2978618 122976 122976 55166805 ASSET RETIREMENT OBLIGATIONS 228325 DEPOSITS HELD IN CUSTODY FOR OTHERS 10075 ANNUITY OBLIGATIONS 78649 OPERATING LEASE LIABILITY 179944 496993 X 33277114 2606725 -10680395 -8073670 41350784 -225272 -225272 41125512 29708252 225272 225272 29482980 10925409 10925409 40408389 PART V, LINE 4: TO ADVANCE AND SUPPORT EDUCATION BY PROVIDING ASSISTANCE TO, AND BENEFITS FOR, THE UNIVERSITY OF SIOUX FALLS AND ITS STUDENTS, FACULTY AND PROGRAMS. PART X, LINE 2: THE UNIVERSITY 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 THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE UNIVERSITY WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES -10,925,409. CHANGE IN CSV LIFE INSURANCE 12,630. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 232,384. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS OTHER COSTS -166,847. COGS LABOR -58,425. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS OTHER COSTS 166,847. COGS LABOR 58,425. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 10,925,409. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 UNIVERSITY BROCHURES, CATALOGS, ADVERTISING, WEBSITE, ETC. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY PARTICIPATES IN THE FEDERAL GOVERNMENT STUDENT FINANCIAL AID PROGRAMS AND RECEIVES OTHER VARIOUS FEDERAL GRANTS. PARTICIPATION IN THE STUDENT FINANCIAL AID PROGRAMS IS AS FOLLOWS: PERKINS LOANS - IN CLOSEOUT, COLLEGE WORK-STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS, PELL GRANTS, TEACH GRANTS, AND STAFFORD LOANS. X X X X X X X 1 MSP DIGITAL MARKETING LLC 23 VITTI ST STE 201 NEW CANAAN CT 06840 CONSULT, WRITE, AND SEND DONOR APPEALS 0 40000 18669 21331 FOX STRATEGIC CONSULTING LLC 3560 W 91ST PL SIOUX FALLS SD 57108 CONSULT ON AND WRITE GRANT PROPOSALS 0 0 10000 -10000 40000 28669 11331 AK CO DC MD MA MI NV NY PA SC WA BASEBALL GOLF TOURNAMENT 31195 10425 20770 1640 1062 8904 31195 10425 20770 1640 1062 8904 11606 9164 1 UNFUNDED INSTITUTIONAL AID 1194 9391515 CASH INSTITUTIONAL AID 202 473592 ENDOWED SCHOLARSHIPS 451 845471 FEDERAL SCHOLARSHIPS 425 214831 PART I, LINE 2: FOR FEDERAL AND PASS-THROUGH GRANTS FOR PROGRAMS, EACH GRANT HAS A GRANT MANAGER. ON A MONTHLY BASIS, THE BUSINESS OFFICE STAFF RECONCILES EXPENSES INCURRED FOR EACH GRANT AND VERIFIES WITH THE RESPECTIVE GRANT MANAGER. ONCE CONFIRMED, THE BUSINESS OFFICE STAFF REQUESTS REIMBURSEMENT FROM THE RESPECTIVE AWARDING AGENCY. FOR SCHOLARSHIPS, FINANCIAL AID OFFICE STAFF REVIEWS THE SPECIFIC CRITERIA FOR AWARDING TO STUDENTS. THE BUSINESS OFFICE STAFF DOES A RECONCILIATION OF EXPENSES (FINANCIAL AID AWARDED) BEFORE DRAWING DOWN ACTUAL DOLLARS FROM THE ENDOWMENT AND FEDERAL FINANCIAL AID. FOR PROGRAM ENDOWMENTS, THERE ARE TWO DIFFERENT METHODS USED. SOME PROGRAMS HAVE "BUDGET MANAGERS" WHO ARE AWARE OF THE FUNDS AVAILABLE VIA THE BUSINESS OFFICE STAFF AND SPEND ACCORDINGLY. FOR THOSE PROGRAMS WITHOUT "BUDGET MANAGERS AND FOR UNRESTRICTED ENDOWMENTS, THE BUSINESS OFFICE STAFF ENSURES THAT THERE ARE EXPENSES INCURRED IN THOSE SPECIFIC DEPARTMENTS BEFORE DRAWING DOWN ACTUAL DOLLARS. IN ALL CASES FOR THE ENDOWMENTS, THE BUSINESS OFFICE STAFF DOES A RECONCILIATION TO ENSURE THAT THE PROPER DOLLAR AMOUNT IS CALCULATED, AWARDED/EXPENSED, AND DRAWN DOWN. X X 0 0 0 0 0 0 0 0 0 DR BRETT BRADFIELD PRESIDENT 263694 0 8250 0 4093 0 11164 0 33535 0 320736 0 0 0 TODD KNUTSON VP OF INSTITUTIONAL ADVANCEMENT 182029 0 0 0 4800 0 7969 0 29196 0 223994 0 0 0 JESSICA CHERENEGAR DIRECTOR OF SCHOOL OF NURSING 123647 0 0 0 0 0 0 0 27518 0 151165 0 0 0 A SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 460315509 2020-02-28 18000000 REFUNDING AND CONSTRUCTION 0 0 0 A 2923000 18000000 200000 1942500 15857500 2020 1 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: SOUTH DAKOTA HEALTH AND EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/04/2023 SCHEDULE K, PART I, COLUMN (F) TO REFUND TAX-EXEMPT BOND ISSUED 5/28/2010, TO REFUND TAXABLE CONSTRUCTION LOAN DATED 4/27/2020, AND TO FINANCE CONSTRUCTION PROJECT. NA N/A 16848 TUITION REMISSION DENNIS THUM FATHER OF BOARD MEMBER 72659 EMPLOYEE COMPENSATION AND BENEFITS 0 X 2 1117035 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART V, LINE 1B: FORM W-2G WAS FILED FOR CALENDAR YEAR 2023 FOR ACTIVITY THAT TOOK PLACE DURING THE FISCAL YEAR ENDED 6/30/2023. FORM 990, PART VI, SECTION A, LINE 1A THE NUMBER OF MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE NO FEWER THAN NINE. THE EXECUTIVE COMMITTEE SHALL, WHEN THE BOARD IS NOT IN SESSION, HAVE FULL AUTHORITY TO TRANSACT ANY AND ALL BUSINESS OF THE BOARD, IN ACCORDANCE WITH ITS GENERAL POLICIES AS SET OUT IN THE BYLAWS AND AS MAY BE OTHERWISE DECLARED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL MEET QUARTERLY AT SUCH TIME AND PLACE AS DESIGNATED. FIVE MEMBERS SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS FORM 990 BEFORE IT IS FILED. A COPY OF THE 990 IS PROVIDED TO THE GOVERNING BODY THROUGH THE UNIVERSITY'S WEBSITE PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY. PROCEDURES FOR IDENTIFYING CONFLICT OF INTEREST: A COPY OF THE POLICY IS MADE AVAILABLE TO ALL BOARD OF TRUSTEES AND MEMBERS OF MANAGEMENT BY THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER WILL ENSURE THAT ALL FORMS ARE COMPLETED AND RETURNED AND PROVIDE A SUMMARY TO THE USF PRESIDENT. INFORMATION SHARED BEYOND THIS POINT WILL BE GOVERNED BY A BUSINESS, OR ETHICAL, NEED TO DISCLOSE AS DETERMINED BY THE APPROPRIATE BOARD CHAIR, USF PRESIDENT OR THE CORPORATE OFFICER. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE BOARD OR COMMITTEE ADDRESSING THE TRANSACTION AT ISSUE SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING IF APPLICABLE. PRIOR TO THE PRESENTATION, FULL DISCLOSURE OF THE POTENTIAL CONFLICT OF INTEREST MUST BE MADE TO THE INDIVIDUALS HEARING THE PRESENTATION. AFTER SUCH PRESENTATION, HE/SHE IS NOT TO PARTICIPATE IN THE VOTE ON THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE PRESIDENT AND/OR BOARD CHAIR, ALONG WITH THOSE INDIVIDUALS THEY DEEM TO BE APPROPRIATE TO THE DECISION, SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN USF'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE. THEY SHALL THEN MAKE THE DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE OF THE BOARD OF TRUSTEES ACTS ON BEHALF OF THE FULL BOARD. THE COMMITTEE REVIEWS A CCCU COMPENSATION SURVEY TO ASSIST WITH DRAFTING A COMPENSATION PACKAGE. THE COMPENSATION PACKAGE IS THEN VOTED ON BY THE PERSONNEL COMMITTEE. THE PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 232,384. CHANGE IN CSV LIFE INSURANCE 12,630. HAYWARD MEMORIAL TESTAMENTARY TRUST 100 S PHILLIPS AVE SIOUX FALLS SD 57104 466010897 SUPPORTING ORGANIZATION SD 501(C)(3) LINE 12A, I 0 CHARITABLE REMAINDER TRUST (1) INVESTMENT PA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0