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← WILLISTON STATE COLLEGE SUPPORTING FOUNDATION

Form 990 for tax year 2024

Filed by WILLISTON STATE COLLEGE SUPPORTING FOUNDATION.

Totals

Total revenue
$5,078,705
Total expenses
$6,641,650
Contributions and grants received
$161,450
Grants paid
$6,640,130
Program service revenue
$0
Investment income
$1,476,112
Other revenue
$3,441,143
Total assets, end of year
$34,017,215
Total liabilities, end of year
$1,074,643
Net assets or fund balances, end of year
$32,942,572
Program services expenses (Part IX)
$6,640,130
Management and general expenses
$1,520
Fundraising expenses
$0
Program service expenses (Part III)
$6,640,130

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $161,450

  • 3 · Investment income

    total $1,012,650 · excluded $1,012,650

  • 5 · Royalties

    total $3,441,143 · excluded $3,441,143

  • 7a · Gross sales of assets other than inventory

    securities $5,695,307

  • 7b · Less cost or other basis and sales expenses

    securities $5,231,845

  • 7c · Gain or loss

    securities $463,462

  • 7d · Net gain or loss

    total $463,462 · related or exempt $463,462

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,640,130 · program services $6,640,130

  • 11c · Fees: accounting

    total $1,430 · management and general $1,430

  • 24a · Other expenses: BANK FEES

    total $90 · management and general $90

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,098,975 · end of year $8,532,682

  • 11 · Investments: publicly traded securities

    beginning of year $25,860,418 · end of year $24,808,124

  • 15 · Other assets

    beginning of year $594,571 · end of year $676,409

  • 25 · Other liabilities

    beginning of year $775,308 · end of year $1,074,643

  • 27 · Net assets without donor restrictions

    beginning of year $4,345,889 · end of year $7,663,943

  • 28 · Net assets with donor restrictions

    beginning of year $29,432,767 · end of year $25,278,629

Mission and programs · 2024

Mission

WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

Activities or mission (Part I)

TO ASSIST IN ACCOMPLISHING THE CHARITABLE/EDUCATIONAL PURPOSES OF THE WILLISTON STATE COLLEGE FOUNDATION BY PROMOTING AND SUPPORTING WILLISTON STATE COLLEGE, AN INSTITUTION OF HIGHER LEARNING LOCATED IN WILLISTON, NORTH DAKOTA.

  • WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

    Expenses $6,640,130

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ward Koeser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Bill Gathman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lance Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jackie Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Katie Kringen

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melanie Stillwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lee Murphy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Taylor Olson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mark Barstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jory Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Brandon Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Hunter Berg

    EXECUTIVE DIRECTOR

    Total calculated
    $195,537
    From this org
    $0
    From related orgs
    $156,542
    Other
    $38,995
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,042 related
    Bonus
    $0
    Other
    $0 + $11,500 related
    Deferred
    $0 + $19,568 related
    Nontaxable benefits
    $0 + $19,427 related
    Filer's total
    $0 + $195,537 related

  • Laurie Furuseth

    CFO

    Total calculated
    $75,061
    From this org
    $0
    From related orgs
    $66,308
    Other
    $8,753
    Hours/week
    15 + 15 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
HUNTER BERG IS COMPENSATED BY WILLISTON STATE COLLEGE AND WILLISTON STATE COLLEGE FOUNDATION REIMBURSES WILLISTON STATE COLLEGE FOR HUNTER'S COMPENSATION. THE BOXES MARKED ABOVE REPRESENT THE STEPS TAKEN BY THE FOUNDATION TO DETERMINE HUNTER'S COMPENSATION THAT WILL BE REIMBURSED BY THE FOUNDATION.
PART II
THE COMPENSATION REPORTED IN PART II IS DETERMINED BY WILLISTON STATE COLLEGE FOUNDATION PAID BY WILLISTON STATE COLLEGE, AND REIMBURSED BY THE FOUNDATION.
PART 1, LINE 1A
HUNTER BERG, EXECUTIVE DIRECTOR, RECEIVED $10,000 IN A DISCRETIONARY SPENDING ACCOUNT WHICH WAS APPROVED BY THE BOARD. THE FUNDS ARE USED FOR SMALL DONATIONS AND SPONSORSHIPS TO OTHER CHARITIES IN THE AREA. THE BOARD SEES ALL EXPENDITURES PAID OUT FROM THE ACCOUNT. THE AMOUNT IS NOT TREATED AS TAXABLE WAGES TO MR. BERG.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 June 2026
IRS schema version
2024v5.5
Source object
202641669349300814

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