2011-08-15T14:24:58-05:00 2010-06-30 Baker Tilly Virchow Krause LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2009-07-01 450348296 University of North Dakota Foundation UNIV 7017772611 3100 University Avenue Stop 8157 Grand Forks ND 58202 LAURA BLOCK 7017773734 2011-08-18 1 Lawrence H Mohr CPA 6128764500 2009 2016-02-24 21:20:13Z X Laura Block 3100 University Avenue Stop 8157 Grand Forks ND 58202 90347837 0 X WWW.UNDFOUNDATION.ORG X 1978 ND The UND Foundation fosters a tradition of philanthropic support, leading efforts to raise and manage funds that secure a strong future for University of North Dakota and its students, faculty, and alumni. 23 21 0 0 0 -34998 10703057 26487647 440393 448924 2651655 1815715 1886494 1747165 15681599 30499451 10969838 14248460 0 2657570 2559068 64510 15378 2078510 1330568 901532 15022486 17724438 659113 12775013 178955107 197396223 34393786 32488464 144561321 164907759 The UND Foundation fosters a tradition of philanthropic support, leading efforts to raise and manage funds that secure a strong future for University of North Dakota and its students, faculty, and alumni. The UND Foundation will provide the centralized infrastructure and services to support all private fund raising efforts on behalf of the University of North Dakota. We will act as the University's designated fund raising organization, partnering with all colleges and units. In the spirit of stewardship and fiduciary responsibility, we will successfully lead the University through campaigns to grow its endowment and secure a solid financial future that benefits the continued educational and economic development of the state of North Dakota. 0 0 5371559 5371559 The UND Foundation awarded $5.4 million in scholarships to UND students in the fiscal year. In addition to scholarships received by UND student-athletes as part of their total award package from the university, program support grants were awarded to many campus organizations to support activities that reached out to the faculty and students on campus last year. Fundraising for scholarships and UND grants is a priority for the Foundation. 422788 422788 The Alumni Association manages and communicates with the University of North Dakota Alumni and Friends. The employees promote the University to its Alumni, gather to strengthen and retain friendships, and keep former and current students informed of happenings. 8454113 8454113 448924 In addition to scholarship support, the UND Foundation provided an additional $9.1 million in support to the University during the past fiscal year to support faculty initiatives, programs and campus improvement projects as directed by donors' gift designations and priorities of the university. The UND Foundation intends to achieve a 7-year fundraising goal of $300 million to support programs, faculty, students and campus improvements all benefiting the University of North Dakota. This goal includes gifts and commitments made via pledges and testamentary provisions. As the fundraising division at the University, the UND Foundation provides donor relations support, marketing assistance, manages the annual giving program and offers consultation support to the academic units on campus to assist them in achieving optimal fundraising success. 14248460 1 1 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 27 0 0 1 1 0 0 0 0 0 0 0 0 23 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ND X X LAURA BLOCK 7017772611 3100 UNIVERSITY AVENUE STOP 8157 GRAND FORKS ND 58202 Tim O'Keefe 40.00 X X 178130 0 27586 Laura Block 40.00 X X 114792 0 17808 Linda pancratz 1.00 X 0 0 0 rick Burgum 1.00 X 0 0 0 CAROLYN BECRAFT 1.00 X 0 0 0 KRISTI BRINDLE 1.00 X 0 0 0 JILL BURCHILL 1.00 X 0 0 0 KRIS COMPTON 1.00 X 0 0 0 PATRICK DIRK 1.00 X 0 0 0 BOB ERICKSON 1.00 X 0 0 0 MARK FLIGINGER 1.00 X 0 0 0 BILL GUY 1.00 X 0 0 0 TIM HAAS 1.00 X 0 0 0 BART HOLADAY 1.00 X 0 0 0 CHUCK KLUENKER 1.00 X 0 0 0 ERWIN MARTENS 1.00 X 0 0 0 KEN MELLEM 1.00 X 0 0 0 LAURIS MOLBERT 1.00 X 0 0 0 JENNIFER NEPPEL 1.00 X 0 0 0 DIANE ODEGARD 1.00 X 0 0 0 KEITH REIMER 1.00 X 0 0 0 AL ROYSE 1.00 X 0 0 0 ROBERT SOLBERG 1.00 X 0 0 0 LISA WHEELER 1.00 X 0 0 0 JIM WILLIAMS 1.00 X 0 0 0 ALICE BREKKE 1.00 X 0 0 0 ROBERT KELLY 1.00 X 0 0 0 PAUL LEBEL 1.00 X 0 0 0 DAVE MIeDEMA 40.00 X 117475 0 22099 DEANNA CARLSON ZINK 40.00 X 103901 0 22041 KIM WOODS 40.00 X 98492 0 19331 514298 0 89534 4 0 1 0 CONSTRUCTION ENGINEERS LTD PO BOX 13378 GRAND FORKS ND 58208 CONSTRUCTION 531021 RUFFALO CODY PO BOX 3018 CEDAR RAPIDS IA 52406 PHONEATHON MANAGEMENT 370503 BLUE CROSS BLUE SHIELD OF ND PO BOX 6005 FARGO ND 58108 HEALTHCARE 332335 FORUM COMMUNICATIONS PRINTING PO BOX 2065 FARGO ND 58107 PRINTING 154109 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE MAINTENANCE AND CONSULTING 129034 5 26487647 6071061 26487647 FEES & CHARGES 900099 448924 448924 448924 2214494 2214494 209437 209437 411191 357584 53607 53607 53607 59083023 9000 59044507 446295 38516 -437295 -398779 -398779 ORGANIZATION INSTITUTI 900099 1484121 1484121 1484121 30499451 448924 0 3562880 14248460 14248460 352402 352402 1600986 349667 1251319 188306 69782 118524 271030 114475 156555 146344 59544 86800 7173 5721 1452 50975 50975 15378 15378 57784 57742 42 24191 2349 21842 228361 70994 157367 102557 102335 222 4200 4200 184191 6336 177855 119467 41613 77854 20 20 48098 48098 21530 21530 MISCELLANEOUS EXPENSES 52985 43885 9100 17724438 14248460 1397468 2078510 2439455 3639197 26505225 33361603 11048494 12140207 27619 31851 5241632 1151163 5250017 4090469 346998 535177 130777614 141887478 2559685 1710241 178955107 197396223 800076 465587 1324994 4959 13967270 13251987 300000 100000 18001446 18665931 34393786 32488464 X 14428945 13712699 32369457 39352636 97762919 111842424 144561321 164907759 178955107 197396223 X 0 1 1 X 0 X 17885596 36025147 26481775 10703057 26487647 117583222 17885596 36025147 26481775 10703057 26487647 117583222 15390163 102193059 1560094 3103641 2944858 3238689 2835122 13682404 1639853 2968557 2959523 2081851 1933045 11582829 142848455 0.71540 0.70600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1710241 X HISTORICAL 0 91562000 10830000 7440000 3652000 3692000 1516000 100972000 115089000 9826000 -29293000 1516000 2544000 91562000 0.23000 0.77000 0 0 3572250 3572250 903433 450174 453259 765949 700989 64960 4090469 Investment Accounts 103142141 F Trust Accounts 32740521 F Annuities-TIAA CREF 4606820 F MINERAL RIGHTS 498166 F CASH SURRENDER VALUE 399830 F OTHER INVESTMENTS 500000 F 141887478 LIABILITIES UNDER CHARITABLE REMAINDER TRUSTS 12389231 DUE TO OTHERS 2670256 Annuities payable 3606444 18665931 30499451 17724438 12775013 5895286 1676139 7571425 20346438 36838321 5895286 86000 357584 6338870 30499451 0 30499451 17768781 86000 381131 467131 17301650 422788 422788 17724438 Part III, Line 4: The Organization's antique and fine art collection are held for public exhibition in furtherance of educational and public service purposes. Part V, Line 4: Description of Intended Use of Endowment Funds: The Foundation's endowment consists of approximately 964 individual funds established for a variety of purposes. Its endowment includes both donor-restricted endowment funds and funds designated by the Board to function as endowments. The long term goal of the endowment funds is to achieve a rate of growth sufficient to meet the Foundation's spending needs, while maintaining the inflation-adjusted principal of the endowment funds. Part X: Description of Uncertain Tax Positions Under FIN 48: FIN 48 FOOTNOTE ON THE FINANCIAL STATEMENTS: In accordance with the accounting standard on Accounting for Uncertainty in Income Taxes, the Organizations addressed the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the Organizations may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merit of the position. Examples of tax positions include the tax-exempt status of the Organizations and various positions related to the potential sources of unrelated business taxable income. There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2010. Open tax years subject to examination by the U.S. and state taxing authorities are for the years 2007 to 2009, which statutes expire in 2010 to 2012, respectively. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: 1676139. Part XII, Line 2d - Other Adjustments: HYSLOP FARM RENTAL EXPENSES: 7244. EERC Rental Expenses: 335098. Beta: 15242. Part XIII, Line 2d - Other Adjustments: GRANTS TO ALUMNI ASSOCIATION OF THE UNIVERSITY OF NORTH DAKOTA: 23547. HYSLOP FARM RENTAL EXPENSES: 7244. EERC Rental Expenses: 335098. Beta: 15242. Part XIII, Line 4b - Other Adjustments: GRANTS TO ALUMNI ASSOCIATION OF THE UNIVERSITY OF NORTH DAKOTA: 422788. X X X X 1 Bentz Whaley Flessner Inc Fundraising 0 0 15378 -15378 Ruffalo Cody Fundraising/ Phoneathon Management 0 0 370503 -370503 385881 -385881 AK AZ CA MD MA NH NJ NY OH OR WV AR ME MO CO MI MN NC OK WA KY MS ND VA AL DC FL GA KS LA PA TN 1 University of North Dakota-Aerospace Sciences 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582028157 456002491 501(c)(3) 287113 Scholarship, grants and operating support to the University of North Dakota UniVERSITY OF NORTH DAKOTA-Arts & Sciences 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582028157 456002491 501(c)(3) 656588 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-Athletics 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582028157 456002491 501(c)(3) 3675903 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-College of Business & Public Admin 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582028157 456002491 501(c)(3) 755933 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-Education & Human Development 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582028157 456002491 501(c)(3) 40442 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-Fraternity & Sorority 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582028157 456002491 501(c)(3) 108196 Scholarship, grants and operating support to the University of North Dakota UNIVERSITY OF NORTH DAKOTA-General Administration 3100 UNIVERSITY AVENUE STOP 8157 gRAND FORKS ND 582028157 456002491 501(c)(3) 1295461 Scholarship, grants and operating support to the University of North Dakota UnivERSITY OF NORTH DAKOTA-Graduate School 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582028157 456002491 501(c)(3) 8048 Scholarship, grants and operating support to the University of North Dakota UnIVERSITY OF NORTH DAKOTA-Law School 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582028157 456002491 501(c)(3) 173382 Scholarship, grants and operating support to the University of North Dakota UNIVERSITY OF NORTH DAKOTA-Medicine 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582028157 456002491 501(c)(3) 4367708 Scholarship, grants and operating support to the University of North Dakota UnIVERSITY OF NORTH DAKOTA-Nursing 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582028157 456002491 501(c)(3) 178699 Scholarship, grants and operating support to the University of North Dakota University of North Dakota-School of Engineering & Mines 3100 UNIVERSITY AVENUE STOP 8157 grAND FORKS ND 582028157 456002491 501(c)(3) 390540 Scholarship, grants and operating support to the University of North Dakota University of NOrth Dakota-Other 3100 UNIVERSITY AVENUE STOP 8157 GrAND FORKS ND 582028157 456002491 501(c)(3) 273907 1613752 FMV Arts, Antiques and Building Scholarship, grants and operating support to the University of North Dakota ALUMNI ASSOCIATION OF THE UNIVERSITY OF NORTH DAKOTA 3100 UNIVERSITY AVENUE STOP 8157 GRAND FORKS ND 582028157 450363216 501(c)(3) 422788 jc11980 - 10/04/10 03:40PM Worksheet Schedule I Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: When a donor gives a gift to the UND Foundation with a designation, the UND Foundation assures that funds are spent for donor designated purpose by setting specific criteria, monitoring funds, and reporting to various departments, donors and UND officials. When a donor gives a gift, a receipt is mailed with 48 hours indicating the designation of this gift. This allows the donor to examine the purpose and insures that donor intent is followed Scholarships - A donor gives money for a scholarship endowment or if the endowment threshold is not met designates the funds to be used for scholarships. The Endowment Coordinator from the Foundation determines how much money is available from the payout of the endowment funds and the designated scholarship funds and authorizes payments from these funds. UND Student Financial Aid determines recipients and sends the Foundation a billing. The Endowment Coordinator runs a report to determine that all funds were used for scholarships. Other designated - Financial staff from UND complete a Request for Payment form for payment from funds held at the Foundation. This payment request is approved by the proper authority at UND and documentation is attached. Once the Foundation receives this request, the individual processing payment looks to the specific criteria of the fund to verify donor intent and that the invoice falls within the parameters of the fund. When a gift is given or expenditure is made out of a fund, information is captured in individual projects. We are able to print any/all activity for the current or prior fiscal periods by request from any approved UND individual. In addition activity reports are currently processed and emailed monthly to appropriate departments and officials at UND. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Tim O'Keefe 178130 0 0 0 0 0 17398 0 10188 0 205716 0 204246 0 Part I, Line 1a The University of North Dakota Foundation, a related party, reimburses certain employees for companion travel that relate to a bonafide business expense. All reimbursements conformed to the Foundation's written policy on spousal travel. University of North Dakota Foundation 450348296 2008-06-15 3680000 Minot Center for Family Practice land & buildings 0 1 university of North Dakota Foundation 450348296 2008-04-16 2200000 Presidents Home & Engineering Building addition 0 1 university of North Dakota Foundation 450348296 2009-11-01 1200000 Fund construction of the North Dakota Center for Human Safety 0 1 3680000 3665177 14823 2004 1 0 1 1 2200000 10000 2190000 2008 0 0 1 1 1200000 10000 1190000 2010 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 1 Katie Itterman Board member's daughter 69123 The Board Member's daughter is employed by the University of North Dakota Foundation. 0 A Bart Holaday BOard member 60267 Board member is also a board member of Alerus Financial, which does business with the University of North Dakota Foundation by holding assets in a trust account as well as a line of credit. Alerus Financial was paid approximately $60,000 for its management of the assets held. All transactions involving Alerus Financial were handled in accordance with the Organization's conflict of interest policy. 0 KATIE COMPTON BOARD MEMBER'S DAUGHTER 33307 The Board Member's daughter is employed by the University of North Dakota Foundation. 0 KRIS COMPTON BOARD MEMBER 60267 Board member is also a board member of Alerus Financial, which does business with the University of North Dakota Foundation by holding assets in a trust account as well as a line of credit. Alerus Financial was paid approximately $60,000 for its management of the assets held. All transactions involving Alerus Financial were handled in accordance with the Organization's conflict of interest policy. 0 X 28 5102066 FIXED X INSURANCE PREMIUM 1 204 Fair Market Value X CRT 1 968791 Fair Market Value 4 0 1 0 Form 990, Part VI, Section A, line 2 Two board members, Bart Holaday and Kris Compton, have a business relationship. Both are board members of Alerus Financial. Form 990, Part VI, Section B, line 11 The organization's audit committee reviews the 990 tax return before it is filed. Representatives from the Foundation's Independent accounting firm review the 990 forms with the audit committee in detail and note for the committee any changes in the form from prior years. After thorough discussion, the head of the audit committee entertains a motion to send the 990 forms to the full board for approval. On 10/07/10, the audit committee presented the 990 to the full board who approved it and gave management the authorization to file the return. Form 990, Part VI, Section B, line 12c All members of the Board of Directors and all employees receive a copy of the Conflict of Interest Policy each year. Each Board member and staff member fills out a Conflict of Interest Questionnaire in which they are asked to identify any relationship that would create a conflict of interest. The results are summarized and reviewed by the Governance Committee which evaluates each situation and determines any actual or potential conflict and recommends a course of action to the Board of Directors. Form 990, Part VI, Section B, line 15 Compensation for key positions are reviewed by the Governance Committee. The Governance Committee insures that the Salary and Benefit Administration Review Process is being followed, which includes salary and benefit surveys and comparisons of all positions. Form 990, Part VI, Section C, line 19 Governing documents and conflict of interest statements are available upon request. Financial documents are available by request and are also located on the UND Foundation website. Form 990, Part XI, line 2c Oversight of audit The process for the oversight of the audit has not changed from prior year. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments University of North Dakota Foundation pays Bentz Whaley Flessner, Inc. to provide fundraising advice to the Foundation. The professional fundraiser does not directly receive any fundraising dollars and is only paid for consulting time. University of North Dakota Foundation pays Ruffalo Cody to hire, train and supervise the student workers who call the alumni for donations. The professional fundraiser does not directly receive any fundraising dollars and is paid only for consulting and management services. Form 990, Part VI, line 1 Executive Committee The Executive Committee consists of the President of the UND Foundation, Vice President of the Foundation, President of the UND Alumni Association, Vice President of the Alumni Association, Past President, Chairs of the standing committees for the UND Foundation and UND Alumni Association: Alumni Relations and Development Committee, Audit & Risk Committee, Budget and Allocations Committee, Governance Committee and Investment Committee. The President of the University of North Dakota and the Executive Vice President will serve as non-voting ex-officios. The Executive Committee will, during the intervals between the meetings of the Board, possess and may exercise all of the powers of the Board in the governance of the affairs of the UND Foundation, except as to such matters which the Board has, by resolution, expressly reserved to it, and except as limited by applicable law. Form 990, Part V, Lines 1a & 2a W2 and 1099 reporting The Alumni Association of the University of North Dakota and the University of North Dakota Foundation are related nonprofit corporations utilizing a common board of directors and administration exclusively for the benefit of the University of North Dakota. The entities' employees are colocated on campus. The Alumni Association of UND was incorporated in 1921 and the UND Foundation in 1978. The organizations file a common payroll under the Alumni Association and all tax reporting is done through utilizing the Alumni Association as a common paymaster. The wages of employees of the two organizations are accounted for as either entities expenses based on the time spent on activities. Amended Return: Changes made to originally filed Form 990, Schedule K The University of North Dakota Foundation is amending its originally filed 2009 return to correct information reported on Schedule K. Alumni Association of the University of North Dakota 3100 University Avenue Stop 8157 Grand Forks ND 58202 450363216 alumni outreach ND 501(c)(3) 9 University of North Dakota Foundation 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 Alumni Association of the University of North Dakota M 135240 Alumni Association of the University of North Dakota N 2838026 Alumni Association of the University of North Dakota B 422788