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Nonprofiteer
← THE BISMARCK STATE COLLEGE FOUNDATION

Form 990 for tax year 2025

Filed by THE BISMARCK STATE COLLEGE FOUNDATION.

Totals

Total revenue
$11,739,111
Total expenses
$14,635,423
Contributions and grants received
$7,201,861
Grants paid
$12,929,875
Program service revenue
$424,575
Investment income
$3,481,009
Other revenue
$631,666
Total assets, end of year
$76,284,740
Total liabilities, end of year
$11,421,561
Net assets or fund balances, end of year
$64,863,179
Program services expenses (Part IX)
$13,798,686
Management and general expenses
$474,636
Fundraising expenses
$362,101
Program service expenses (Part III)
$13,798,686

Program services were 94.3% 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.

  • 1c · Fundraising events

    $48,743

  • 1e · Government grants (contributions)

    $1,677,914

  • 1f · All other contributions, gifts and grants

    $5,475,204

  • 1g · Noncash contributions included above

    $161,986

  • 2a · Program service revenue: Student Housing

    total $405,481 · related or exempt $405,481

  • 2b · Program service revenue: Other Revenue

    total $19,094 · related or exempt $19,094

  • 3 · Investment income

    total $1,707,894 · excluded $1,707,894

  • 5 · Royalties

    total $467,088 · excluded $467,088

  • 7a · Gross sales of assets other than inventory

    securities $14,877,409

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

    securities $13,104,294

  • 7c · Gain or loss

    securities $1,773,115

  • 7d · Net gain or loss

    total $1,773,115 · excluded $1,773,115

  • 8a · Fundraising events: gross income

    $202,019

  • 8a · Fundraising events: contributions included on line 1c

    $48,743

  • 8b · Fundraising events: direct expenses

    $37,441

  • 8c · Net income from fundraising events

    total $164,578 · excluded $164,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,390,177 · program services $11,390,177

  • 2 · Grants to domestic individuals

    total $1,539,698 · program services $1,539,698

  • 7 · Other salaries and wages

    total $413,451 · program services $73,512 · management and general $157,581 · fundraising $182,358

  • 11c · Fees: accounting

    total $48,146 · program services $1,105 · management and general $47,041

  • 11f · Fees: investment management

    total $239,419 · management and general $239,419

  • 13 · Office expenses

    total $40,167 · program services $6,931 · management and general $3,693 · fundraising $29,543

  • 16 · Occupancy

    total $15,450 · program services $12,780 · management and general $890 · fundraising $1,780

  • 17 · Travel

    total $4,863 · program services $208 · management and general $358 · fundraising $4,297

  • 19 · Conferences, conventions and meetings

    total $8,878 · program services $1,091 · management and general $1,867 · fundraising $5,920

  • 20 · Interest

    total $162,212 · program services $162,212

  • 22 · Depreciation, depletion and amortization

    total $448,050 · program services $434,701 · management and general $4,450 · fundraising $8,899

  • 23 · Insurance

    total $70,911 · program services $47,361 · management and general $8,114 · fundraising $15,436

  • 24a · Other expenses: General Fundraising Cam

    total $110,635 · fundraising $110,635

  • 24b · Other expenses: Pledge Adjustments

    total $109,166 · program services $109,166

  • 24c · Other expenses: Development

    total $19,448 · program services $19,448

  • 24d · Other expenses: Dues & Subscriptions

    total $5,936 · program services $197 · management and general $2,826 · fundraising $2,913

  • 24e · All other expenses

    total $8,816 · program services $99 · management and general $8,397 · fundraising $320

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $703,268 · end of year $595,253

  • 3 · Pledges and grants receivable

    beginning of year $4,074,826 · end of year $2,129,739

  • 4 · Accounts receivable

    beginning of year $14,434 · end of year $28,200

  • 7 · Other notes and loans receivable

    beginning of year $418,629 · end of year $378,754

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,192 · end of year $66,012

  • 10a · Land, buildings and equipment: cost or other basis

    $20,380,572

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,954,469

  • 10c · Land, buildings and equipment, net

    beginning of year $12,175,617 · end of year $13,426,103

  • 11 · Investments: publicly traded securities

    beginning of year $45,446,095 · end of year $51,208,311

  • 12 · Investments: other securities

    beginning of year $274,719 · end of year $293,089

  • 15 · Other assets

    beginning of year $8,180,283 · end of year $8,159,279

  • 17 · Accounts payable and accrued expenses

    beginning of year $300,940 · end of year $2,753,438

  • 18 · Grants payable

    beginning of year $8,000 · end of year $29,126

  • 19 · Deferred revenue

    beginning of year $82,426 · end of year $110,987

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,882,948 · end of year $3,662,228

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $1,353,849

  • 25 · Other liabilities

    beginning of year $3,568,897 · end of year $3,511,933

  • 27 · Net assets without donor restrictions

    beginning of year $10,236,494 · end of year $7,909,680

  • 28 · Net assets with donor restrictions

    beginning of year $53,265,358 · end of year $56,953,499

Mission and programs · 2025

Mission

Engage in those activities which support and assist in the development and advancement of Bismarck State College.

Activities or mission (Part I)

Engage in those activities which support the development of Bismarck State College.

  • The BSC Foundation Grant Program makes dollars available to BSC staff, faculty, and student organizations to fund a wide variety of projects. Emphasis is given to innovative teaching and creative learning projects. A wide variety of teaching and demonstration equipment, campus presenters, performing art events, guest lecturers, consulting services, research, conference registrations, and other innovative projects have been supported through the Grants Program. Grants are awarded by the Board of Trustees Programs Committee.Student Housing:The Foundation leases two residence halls to Bismarck State College. Ritchie Hall and Gate City Hall, co-educational apartment style residence halls, have a total capacity of 144 students.

    Expenses $12,260,701 · Grants $11,391,890 · Revenue $424,575

  • The BSC Foundation is committed to the encouragement and support of academic excellence. Through the support of many generous benefactors, the BSC Foundation is able to budget over $1,400,000 in scholarship awards to over 890 students. Receiving other scholarships will not disqualify applicants from receiving BSC Foundation scholarships.The BSC Foundation scholarship program was established for the purpose of attracting and retaining students of outstanding ability and potential, regardless of gender, race, creed or national origin. Scholarships are awarded by the Board of Trustees Programs Committee.

    Expenses $1,468,393 · Grants $1,468,393

  • Student Recognition:Outstanding Student Awards are given to the students selected by faculty in each of BSC's programs and departments. These outstanding students receive a certificate and $50 cash award from BSC Foundation.Phi Theta Kappa is an international two-year college honor society. Students nominated for membership have maintained an accumulative grade point average of 3.5 or better and have completed 15 semester hours in residence at BSC applicable to an associate degree. The Phi Theta Kappa receives a paid initiation fee for membership, a pin, and a certificate(Continued on Schedule O)from the BSC Foundation. They are honored at the BSC Recognition Ceremony with a certificate from the BSC Foundation.Employee RecognitionYears of Service: To acknowledge the contributions BSC faculty and staff make to the excellence of education, the Foundation sponsors a recognition program for employees. Employees are awarded gift cards and certificates beginning with five years of service and are honored with each five-year increment.BSC Faculty and Staff Awards for Excellence: this Foundation-sponsored program ensures that everyone has an equal opportunity to be recognized, through this prestigious award, for their outstanding contributions to Bismarck State College. To publicly recognize the Award for Excellence recipients, they are announced at BSC's award ceremony in the spring. Two faculty award recipients will each receive $1,000, two staff award recipients will each receive $1,000, an adjunct faculty receives $250, and a part-time staff member receives a $250 award.

    Expenses $44,592 · Grants $44,592

  • Jack FellowshipThe BSC Jack Fellowship Program has been established to fund sabbatical leaves for a Bismarck State College employee to engage in an educational experience that ultimately benefits BSC and the students it serves. The Fellowship is intended to partially underwrite the salary and/or expenses of the employee during the sabbatical. Each Fellowship will be a monetary award of up to $25,000 to be used to enhance the recipient's professional performance. During the year there was one recipient of the Jack Fellowship.

    Expenses $25,000 · Grants $25,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wade Mann

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Russ Hanson

    President

    Total calculated
    $0
    Hours/week
    1

  • Sarah Getzlaff

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Kevin Stadler

    Development Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Mark Zimmerman

    Program Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Kevin Dykema

    Finance Committee Chair

    Total calculated
    $0
    Hours/week
    1

  • Dave Mason

    Secretary-Treasurer (As of May 26)

    Total calculated
    $0
    Hours/week
    1

  • Alex Kowski

    Board Member (Until May 26)

    Total calculated
    $0
    Hours/week
    1

  • Alexis Baxley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Amy Mazigian

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Andy Cramer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Andy Miller

    Board Member (As of Nov 25)

    Total calculated
    $0
    Hours/week
    1

  • Ann Reich

    Board Member (As of Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Arik Spencer

    Board Member (As of Feb 26)

    Total calculated
    $0
    Hours/week
    1

  • Blaize Morris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Balerud

    Board Member (Until Feb 26)

    Total calculated
    $0
    Hours/week
    1

  • Brad Ballweber

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brandon Reems

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cam Knutson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Chad Wachter

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cindy Clairmont

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Curt Walth

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dale Pahlke

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dan Polk

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Danette Walsh

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Darren Snow

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dave Clark

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Straley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Deb Mantz

    Board Member (Until Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Debra Gallagher

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donna Fricke

    Board Member (As of Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Lick

    Board Member (Until Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Eric Brenden

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Florence Hauer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Gina Hruby

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Glenn Bosch

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Greg Bavendick

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Irene Tschider

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jason Lueder

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jean Schafer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jeff Nelson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Heck

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jesse Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Christianson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jon Hunke

    Board Member (As of Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Joshua Nuss

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Judy Pfeifle

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kevin Gilchrist

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kevin Magstadt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Larry Skogen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lee Weisbeck

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Loren Kopseng

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marby Hogen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marlene Anderson

    Board Member (Until Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Mary Theel

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mat Hirst

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Megan Hruby

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Melissa Hauer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Bitz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Haider

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Heger

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mike Holman

    Board Member (Until Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Nathan Svihovec

    Board Member (As of Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Patrick Ward

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Sandness

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rachel Retterath

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Ternes

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Reece Boehm

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Reed Reyman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rob Koppinger

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ross Wilmes

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ryan Heinsohn

    Board Member (As of May 26)

    Total calculated
    $0
    Hours/week
    1

  • Sara Vollmer

    Board Member (As of Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Scott Becker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Shanna Johnson

    Board Member (As of Feb 26)

    Total calculated
    $0
    Hours/week
    1

  • Stacy Tschider

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susan Walker Weiand

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tammy Nygard

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Terry Daffinrud

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Terry Kraft

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Thomas Atkinson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Todd Schaffer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tricia Schlosser

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Zac Weis

    Board Member (Until Sep 25)

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Collins NV

    Secretary-Treasurer (Until May 26)

    Total calculated
    $0
    Hours/week
    1

  • Daniel Leingang NV-President

    of BSC (Until Apr 26)

    Total calculated
    $0
    Hours/week
    1

  • Brian Kalk NV-President

    of BSC (As of Apr 26)

    Total calculated
    $0
    Hours/week
    1

  • Kari Knudson NV

    Executive Director

    Total calculated
    $220,624
    From this org
    $175,775
    From related orgs
    $0
    Other
    $44,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,775
    Bonus
    $0
    Other
    $0
    Deferred
    $23,362
    Nontaxable benefits
    $22,112
    Filer's total
    $221,249

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 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 1a
The Foundation pays for the Rotary Club dues for the Executive Director. The Rotary Club dues were not included in taxable income.
Part II:
The Executive Director is paid by an unrelated company, Bismarck State College, for services as the Executive Director for Bismarck State College Foundation. Total compensation paid to Kari Knudson by the unrelated company is noted above.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Student Housing LLC

    Residential Real Estate Rental · ND · income $390,246 · assets $4,270,284

    Directly controlled by Bismarck State College Foundation

  • Property Holdings LLC

    Commercial Real Estate Rental · ND · income $25 · assets $1,731,698

    Directly controlled by Bismarck State College Foundation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Unitrusts (9)

    T · Charitable Trust · ND · controlled entity

  • Charitable Lead Trusts (2)

    T · Charitable Trust · ND · controlled entity

  • Perpetual Trust (1)

    T · Charitable Trust · ND · controlled entity

Provenance

Return type
form_990
Tax year
2025
Filed
11 September 2026
IRS schema version
2025v4.2
Source object
202632559349300408

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