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← WILLISTON STATE COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by WILLISTON STATE COLLEGE FOUNDATION.

Totals

Total revenue
$10,335,354
Total expenses
$9,095,309
Contributions and grants received
$9,033,059
Grants paid
$8,458,155
Program service revenue
$0
Investment income
$162,587
Other revenue
$1,139,708
Total assets, end of year
$23,640,977
Total liabilities, end of year
$11,775,105
Net assets or fund balances, end of year
$11,865,872
Program services expenses (Part IX)
$8,625,808
Management and general expenses
$278,878
Fundraising expenses
$190,623
Program service expenses (Part III)
$8,625,808

Program services were 94.8% 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.

  • 1d · Related organizations

    $6,640,130

  • 1f · All other contributions, gifts and grants

    $2,392,929

  • 3 · Investment income

    total $162,587 · excluded $162,587

  • 6a · Gross rents

    real property $1,960,917

  • 6b · Less rental expenses

    real property $2,021,743

  • 6c · Rental income or loss

    real property -$60,826

  • 6d · Net rental income or loss

    total -$60,826 · unrelated business -$55,090 · excluded -$5,736

  • 9a · Gaming: gross income

    $26,712,500

  • 9b · Gaming: direct expenses

    $25,549,204

  • 9c · Net income from gaming

    total $1,163,296 · excluded $1,163,296

  • 11a · Other revenue: MISCELLANEOUS

    total $35,671 · related or exempt $35,671

  • 11b · Other revenue: SPECIAL EVENTS

    total $1,567 · related or exempt $1,567

  • 11e · Other revenue, total

    $37,238

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,458,155 · program services $8,458,155

  • 5 · Compensation of officers, directors and key employees

    total $306,073 · program services $102,870 · management and general $139,450 · fundraising $63,753

  • 7 · Other salaries and wages

    total $67,579 · program services $17,659 · management and general $12,480 · fundraising $37,440

  • 8 · Pension plan contributions

    total $8,331 · program services $1,666 · management and general $1,667 · fundraising $4,998

  • 9 · Other employee benefits

    total $19,735 · program services $4,246 · management and general $3,947 · fundraising $11,542

  • 10 · Payroll taxes

    total $4,463 · program services $666 · management and general $892 · fundraising $2,905

  • 11c · Fees: accounting

    total $52,215 · management and general $52,215

  • 11g · Fees: other

    total $1,399 · program services $1,399

  • 12 · Advertising and promotion

    total $12,383 · program services $12,383

  • 13 · Office expenses

    total $6,483 · management and general $6,483

  • 16 · Occupancy

    total $1,708 · management and general $1,708

  • 17 · Travel

    total $6,388 · fundraising $6,388

  • 22 · Depreciation, depletion and amortization

    total $8,701 · management and general $3,446 · fundraising $5,255

  • 23 · Insurance

    total $45,988 · management and general $2,147 · fundraising $43,841

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $46,668 · management and general $45,797 · fundraising $871

  • 24b · Other expenses: DONATIONS TO OTHER CHAR

    total $19,890 · program services $19,890

  • 24c · Other expenses: SPECIAL EVENTS

    total $13,748 · program services $6,874 · fundraising $6,874

  • 24d · Other expenses: SUPPLIES

    total $6,521 · management and general $4,673 · fundraising $1,848

  • 24e · All other expenses

    total $8,881 · management and general $3,973 · fundraising $4,908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $712,817 · end of year $2,781,867

  • 2 · Savings and temporary cash investments

    beginning of year $4,156,368 · end of year $1,955,518

  • 3 · Pledges and grants receivable

    beginning of year $3,000,000 · end of year $2,792,400

  • 4 · Accounts receivable

    beginning of year $49,207 · end of year $24,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,005 · end of year $66,774

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

    $19,918,247

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

    $6,346,601

  • 10c · Land, buildings and equipment, net

    beginning of year $14,263,917 · end of year $13,571,646

  • 11 · Investments: publicly traded securities

    beginning of year $21,495 · end of year $21,863

  • 14 · Intangible assets

    beginning of year $1,365,094 · end of year $1,132,738

  • 15 · Other assets

    beginning of year $789,818 · end of year $1,294,015

  • 17 · Accounts payable and accrued expenses

    beginning of year $305,122 · end of year $254,208

  • 21 · Escrow or custodial account liability

    beginning of year $101,502 · end of year $97,133

  • 23 · Secured mortgages and notes payable

    beginning of year $5,529,177 · end of year $5,376,059

  • 24 · Unsecured notes and loans payable

    beginning of year $6,000,000 · end of year $6,000,000

  • 25 · Other liabilities

    beginning of year $1,880,880 · end of year $47,705

  • 27 · Net assets without donor restrictions

    beginning of year $6,009,432 · end of year $4,971,657

  • 28 · Net assets with donor restrictions

    beginning of year $4,616,608 · end of year $6,894,215

Mission and programs · 2024

Mission

THE FOUNDATION SUPPORTS WILLISTON STATE COLLEGE BY 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 PROMOTE AND SUPPORT WILLISTON STATE COLLEGE IN WILLISTON, NORTH DAKOTA.

  • THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF WILLISTON STATE COLLEGE FOR HIGHER EDUCATION, CONTINUING EDUCTION, AND STAFF GRANTS TO SUPPORT COLLEGE AND COMMUNITY PROJECTS.

    Expenses $8,605,918 · Grants $8,458,155 · Revenue $37,238

  • THE FOUNDATION OWNS PROPERTY AND EQUIPMENT THROUGH THEIR PARTNERSHIP WITH WILLISTON STATE COLLLEGE HOUSING, LLC. THIS PROPERTY IS RENTED BY WILLISTON STATE COLLEGE EMPLOYEES AND OTHER ESSENTIAL PERSONNEL AND AFFILIATES. REVENUES DERIVED FROM THIS PROGRAM SERVICE WERE $1,960,917 AND RELATED EXPENSES WERE $2,021,743. THIS PROGRAM RENTAL ACTIVITY IS PRESENTED ON FORM 990 IN SECTION VIII, LINES 6A AND 6B.

  • THE FOUNDATION MAKES CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS THAT PROVIDE SUPPORT TO THE WILLISTON, NORTH DAKOTA AREA.

    Expenses $19,890

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

Listed in Part VII

  • Brandon Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jory Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mark Barstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Melanie Stillwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Jackie Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lance Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Bill Gathman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Ward Koeser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lee Murphy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katie Kringen

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Taylor Olson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Laurie Furuseth

    CFO

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

  • Hunter Berg

    EXECUTIVE DIRECTOR

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

    Schedule J breakdown matched by us

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

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 THIS 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.

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.

  • WILLISTON STATE COLLEGE HOUSING

    AFFORDABLE HOUSING FOR WSC EMPLOYEES AND OTHER ESSENTIAL PERSONNEL. · ND · income $1,960,917 · assets $12,684,758

    Directly controlled by WILLISTON STATE COLLEGE FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202611269349301076

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