2011-11-08T10:27:35-06:00 2010-12-31 EIDE BAILLY LLP 200 EAST 10TH ST PO BOX 5125 SIOUX FALLS SD 571175125 990 2010-01-01 460273801 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION SOUT 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 STEVE ERPENBACH 6056977475 2011-10-25 1 N DEAN BUCKNEBERG 6053391999 2011-10-25 2010 2016-02-24 21:20:13Z STEVE ERPENBACH 815 MEDARY AVENUE BOX 525 BROOKINGS SD 570070499 107599708 0 X WWW.SDSUFOUNDATION.ORG X 1945 SD UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 9 9 33 177 0 0 19679152 24505356 0 0 -1466465 3509271 777287 837641 18989974 28852268 20628865 22872183 0 0 1868247 1865313 350734 120414 2678592 5828923 4952835 28676769 29810745 -9686795 -958477 140249880 150483817 27367772 33437498 112882108 117046319 UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. 0 0 25463484 21539784 342641 TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $4.9 MILLION IN SCHOLARSHIPS WERE AWARDED, $4.5 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $16.6 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2010. 25463484 1 1 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 1 217 0 1 33 1 0 0 0 0 1 1 1 1 1 2 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 1 1 1 X TIM DWIRE 6056977475 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57004 JAKE KRULL 1.00 X X 0 0 0 KEVIN ROBERTS 1.00 X X 0 0 0 CHRISTINE HAMILTON 1.00 X 0 0 0 DUANE HARMS 1.00 X 0 0 0 GENE JOHNSON 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 143148 0 19327 TIM DWIRE 55.00 X 127000 0 9451 270148 0 28778 2 0 1 0 ARAMARK USU 155 BOX 2815B BROOKINGS SD 57007 FOOD SERVICES 186558 JF SMITH GROUP INC PO BOX 1197 AUBUM AL 368311197 PROFESSIONAL FUNDRAISING 120414 HENKIN-SCHULTZ 6201 S PINNACLE PLACE SIOUX FALLS SD 57108 MARKETING 115913 3 854738 23650618 1952403 24505356 2259720 2259720 342641 342641 342641 342641 79948959 48032 78697829 49611 1251130 -1579 1249551 1249551 TELEMARKETING CONTRACT 900099 300000 300000 PROF'L FUNDRAISING 900099 195000 195000 495000 28852268 0 0 4346912 22872183 22872183 299510 218116 81394 1337988 404954 933034 56854 15384 41470 58655 21952 36703 112306 40736 71570 31563 29469 605 1489 58872 58872 120414 120414 322726 40 322686 729907 417090 312817 82754 11946 10000 60808 550510 158168 126987 265355 27918 1447 11700 14771 192291 24486 161833 5972 280492 178993 7396 94103 15906 9692 4151 2063 596612 508518 88094 140248 140248 51313 18871 32442 HOSPITALITY 536673 410458 4414 121801 RECOGNITION & MEMORIALS 411440 265007 1154 145279 ALUMNI ASSOCIATION 314831 314831 DUES & SUBSCRIPTIONS 34737 25228 3971 5538 574042 550759 6545 16738 29810745 25463484 1668669 2678592 9972949 16070423 35779898 33499114 2591195 2348720 27022 23208 9953580 1473786 9470437 8479794 71588705 79896058 10819674 10166500 140249880 150483817 3194292 3454387 9020772 18429736 2214534 2046737 3605995 9332179 9506638 27367772 33437498 X -18056825 -16181483 41109885 35251283 89829048 97976519 112882108 117046319 140249880 150483817 X -958477 5122688 X 0 1 1 X 1 1 X 12549576 21037436 40346632 19679152 24505356 118118152 12549576 21037436 40346632 19679152 24505356 118118152 26365060 91753092 8905951 2279371 2528816 2764528 2602361 19081027 841437 466600 450000 462000 495000 2715037 139914216 1703370 0.65580 0.74880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71640908 10717659 7294478 3841177 240733 24257 85546878 58226820 7462837 10825532 1877176 1701797 1295308 71640908 76878289 4159815 -18149992 2204058 842276 1614958 58226820 0.00000 0.98820 0.01180 0 0 2125933 786986 2912919 1581162 3517807 791403 4307566 750960 652252 98708 1160601 30131 30131 1160601 8479794 CASH SURRENDER VALUE OF LIFE INSURANCE 321144 BENEFICIAL INTEREST IN PERPETUAL TRUST 830417 TRUSTS HELD BY OTHERS 1610373 LIFE ESTATES 1190155 INVESTMENT IN SUBSIDIARIES 969695 PREPAID UNIVERSITY SUPPORT 1791672 OTHER INVESTMENTS IN ANNUITIES, TRUSTS & ENDOWMENT POOLS 3453044 10166500 INVESTMENTS HELD FOR OTHERS 291151 GIFT ANNUITIES & LIFE INCOME AGREEMENTS 9215487 9506638 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, 2010 AND 2009 THAT MEET THE CRITERIA FOR RECOGNITION IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2010 AND 2009, THERE WAS NO UNRECOGNIZED TAX BENEFIT ACCRUAL NECESSARY. THE ORGANIZATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. X X X X X 1 JF SMITH GROUP PO BOX 1197 735 EAST GLENN AVENUE AUBURN AL 368311197 CONSULTING 0 0 120414 0 120414 1 SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 501(C)(3) 17939212 SDSU DEPARTMENTAL EXPENSES, BUILDING, AND EQUIPMENT PURCHASES SOUTH DAKOTA STATE UNIVERSITY PO BOX 2201 BROOKINGS SD 57007 466000364 501(C)(3) 4871525 GIFTS, GRANTS AND SCHOLARSHIPS ENTERPRISE INSTITUTE 2301 RESEARCH PARK WAY BROOKINGS SD 57006 710879071 501(C)(3) 11000 GIFT, GRANTS AND SCHOLARSHIPS SIGMA ALPHA EPSILON FRATERNITY CO SDSU PO BOX 2201 BROOKINGS SD 57007 466000364 501(C)(3) 5000 DISASTER RELIEF ROSEBUD SIOUX TRIBE PARKS & REC DEPARTMENT PO BOX 430 ROSEBUD SD 57570 460248724 5831 SUPPORT FOR RESERVATION RECREATION PROGRAM DAVID PROHL CANCER FUND CO SD HIGH SCHOOL COACHES AGAINST CANCER 119 MARVIN AVE VOLGA SD 57071 364491751 501(C)(3) 7270 GIFT/GRANT VISION BROOKINGS FOUNDATION PO BOX 431 BROOKINGS SD 57006 364585401 501(C)(3) 10000 GIFT/GRANT 6 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 143148 0 0 0 0 0 7576 0 12065 0 162789 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 1 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 1 X 3 15400 OPINION OF EXPERT X 95 1017565 AVG HIGH/LOW FOR DOT X 4 464298 APPRAISAL X EQUIPMENT 30 143415 OPINION OF EXPERT X LIVESTOCK/GRAIN 20 105050 SELLING PRICE AT DOT X OTHER 24 206675 FAIR MARKET VALUE 9 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 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 GAINS ON INVESTMENTS: 4,599,054. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 523,634. TOTAL TO FORM 990, PART XI, LINE 5: 5,122,688. FUNDRAISING ACTIVITIES FORM 990, SCH G, PART I, LINE 2B: THE FOUNDATION HIRED J.F. SMITH GROUP TO COMPLETE A FEASIBILITY STUDY TO ASSIST THE FOUNDATION IN THE PERFORMANCE OF THE "IT STARTS WITH STATE" CAMPAIGN. THE WORKING GOAL OF $190 MILLION ESTABLISHED DURING THE FEASIBILITY STUDY WAS INCREASED TO $200 MILLION. 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 758468 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