2024-05-02T11:40:27-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4150 2ND STREET SOUTH SUITE 400 ST CLOUD MN 56301 990 2022-07-01 416019040 ST CLOUD STATE UNIVERSITY FOUNDATION INC STCL 3203083177 720 FOURTH AVENUE SOUTH ST CLOUD MN 56301 NICHOLAS KATONA EXECUTIVE DIRECTOR 3203083177 2024-04-30 1 NICHOLAS KATONA 999009999 1 JASON R NEUMANN P01690179 3202035500 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICHOLAS KATONA 720 FOURTH AVENUE SOUTH ST CLOUD MN 56301 7989431 0 X WWW.STCLOUDSTATE.EDU/FOUNDATION X 1958 MN THE FOUNDATION SERVES STUDENTS, FACULTY, AND STAFF OF ST. CLOUD STATE UNIVERSITY THROUGH CHARITABLE GIFTS. 20 20 0 50 0 0 8042997 2886683 0 0 2722441 1666271 53535 34012 10818973 4586966 3275365 3159958 0 0 1581945 1276025 46992 11336 420862 1078088 951691 5982390 5399010 4836583 -812044 54919652 55996709 1624429 423605 53295223 55573104 X THE FOUNDATION SERVES THE STUDENTS, FACULTY AND STAFF AT ST. CLOUD STATE UNIVERSITY BY ENGAGING INTERESTED ALUMNI AND FRIENDS IN SUPPORTING THE MISSION, PROGRAMS, AND GOALS OF THE UNIVERSITY. ST. CLOUD STATE UNIVERSITY IS A HIGHLY ACCREDITED REGIONAL COMPREHENSIVE UNIVERSITY THAT PROVIDES EXCELLENT EDUCATION AT AN AFFORDABLE PRICE FOR A DIVERSE STUDENT BODY. KEY AREAS OF SUPPORT INCLUDE SCHOLARSHIPS, FACULTY, PROGRAM, FACILITIES, AND EQUIPMENT. 0 0 1493481 1381239 SCHOLARSHIPS - THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO THE UNIVERSITY TO AWARD TO DESERVING STUDENTS. OVER 1,000 SCHOLARSHIPS WERE AWARDED TO OVER 1,400 STUDENTS THROUGH THE EFFORTS OF THE FOUNDATION. 1037067 959127 CAPITAL PROGRAM SUPPORT - THE FOUNDATION IS ACTIVELY ENGAGED IN SUPPORTING EXPANSION AND RENOVATIONS OF UNIVERSITY FACILITIES. 770763 712837 DEPARTMENTAL SUPPORT - THE FOUNDATION PROVIDES SUPPORT TO THE COLLEGES AND DEPARTMENTS OF THE UNIVERSITY. OVER 150 UNITS OF THE UNIVERSITY BENEFIT FROM THESE EFFORTS. 156684 106756 OTHER UNIVERSITY SUPPORT - THE FOUNDATION PROVIDES OTHER SUPPORT TO THE UNIVERSITY FOR VARIOUS OPERATIONAL AND PROGRAM PURPOSES. 156684 106756 3457995 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X X CONNIE ROBINSON 3203083177 720 4TH AVE S ST CLOUD MN 56301 LYNNE WARNE CHAIRPERSON 1.50 X X 0 0 0 MIKE ROOS TREASURER 1.50 X X 0 0 0 CHUCK SELL SECRETARY 1.50 X X 0 0 0 MOLLY RENSLOW TRUSTEE 1.00 X 0 0 0 SCOTT ANDERSON TRUSTEE 1.00 X 0 0 0 PERRY RASSLER TRUSTEE 1.00 X 0 0 0 PREETH JOHN TRUSTEE 1.00 X 0 0 0 SANDY HANSEN-WOLFF TRUSTEE 1.00 X 0 0 0 TODD JACKSON TRUSTEE 1.00 X 0 0 0 GARY W ANDERSON TRUSTEE 1.00 X 0 0 0 PATRICIA SPARKS TRUSTEE 1.00 X 0 0 0 JESSEKA DOHERTY TRUSTEE 1.00 X 0 0 0 MATT VARILEK TRUSTEE 1.00 X 0 0 0 ANDREW GASPERLIN TRUSTEE 1.00 X 0 0 0 BRAD GOSKOWICZ TRUSTEE 1.00 X 0 0 0 CARRIE KARKI TRUSTEE 1.00 X 0 0 0 BARCLAY CARRIAR TRUSTEE 1.00 X 0 0 0 DOMINIC TURPIN TRUSTEE 1.00 X 0 0 0 JOHN HERGES TRUSTEE 1.00 X 0 0 0 DAVE MINGO TRUSTEE 1.00 X 0 0 0 CONNIE ROBINSON DIRECTOR OF FINANCE 40.00 X 0 58479 4055 KEVIN GOHL FORMER DIRECTOR OF FINANCE 40.00 X 0 38400 1686 NICHOLAS KATONA VP OF ADVANCEMENT 40.00 X 0 91187 4018 MATTHEW ANDREW FORMER VP OF ADVANCEMENT 40.00 X 0 156658 16260 0 344724 26019 0 0 1 0 0 1136814 1749869 1161292 2886683 1433404 1433404 3635332 3402465 232867 232867 232867 MISC REVENUE 900099 34012 34012 34012 4586966 34012 0 1666271 3159958 3159958 230220 21050 177093 32077 755522 41704 540398 173420 56569 37622 18947 172594 123755 48839 61120 1458 46364 13298 14309 14309 35841 35841 11336 11336 133032 133032 64059 20277 43782 30423 24894 3364 2165 164209 38651 84613 40945 198997 850 198147 9663 1104 3841 4718 45686 45686 8917 8917 ALUMNI EVENTS 152089 152089 RESEARCH/DEMOGRAPHIC MA 62776 14737 16880 31159 PLEDGE WRITE OFF 22675 22675 SUBSCRIPTIONS/MEMBERSHI 7190 7015 175 1825 1500 324 1 5399010 3457995 1520153 420862 842267 885320 1295727 679006 2516509 1685177 50 50 170526 288345 676777 392238 279017 284539 47986617 51353642 500000 1828939 320630 54919652 55996709 208101 108177 1078914 0 96267 91787 241147 223641 1624429 423605 X 4184882 3983059 49110341 51590045 53295223 55573104 54919652 55996709 -812044 3089925 0 X 0 1 X 1 0 X 5445028 5996953 5190899 8067105 2886683 27586668 5445028 5996953 5190899 8067105 2886683 27586668 1267526 26319142 1166832 1170483 1027885 1236917 1433404 6035521 53536 34012 87548 33709737 0.78080 0.81090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 53,536. 2022 AMOUNT: $ 34,012. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 40338166 522609 4284914 2341418 656381 42147890 43909586 4912667 -5724665 2731590 27832 40338166 33688134 2405554 9771835 2176055 -220118 43909586 31093179 1717497 2181169 2161807 -858096 33688134 30157048 935594 1934792 1949222 -14967 31093179 0.00519 0.63421 0.36060 0 0 139000 139000 107145 92286 14859 430632 299952 130680 284539 ANNUITIES PAYABLE 223641 223641 X 7730204 3089925 49000 178590 3317515 4412689 133032 41245 174277 4586966 5465284 49000 150306 199306 5265978 133032 133032 5399010 PART IV, LINE 2B: THE FOUNDATION HOLDS VARIOUS FUNDS TRANSFERRED TO THEM FROM VARIOUS CONSTITUENTS (INCLUDING, BUT NOT LIMITED TO, COLLEGES WITHIN THE UNIVERSITY, ACADEMIC DEPARTMENTS, AND SUPPORT DEPARTMENTS) FOR INVESTMENT MANAGEMENT PURPOSES. THE FUNDS ARE TO BE DISTRIBUTED BACK TO THE CONSTITUENTS AS THEY REQUEST THEM. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE INVESTED ACCORDING TO POLICIES AND GOVERNING LAWS, TO PROVIDE A SOURCE OF FINANCIAL SUPPORT FOR THE FACULTY, STAFF, AND STUDENTS OF THE UNIVERSITY PER THE STIPULATION OF THE INDIVIDUAL FUND AGREEMENTS. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO EXPENSE HAS BEEN RECOGNIZED FOR INCOME TAXES IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE FOUNDATION QUALIFY AS CHARITABLE DEDUCTIONS BY THE CONTRIBUTOR. THE FOUNDATION FILES AS A TAX EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN FUTURE PERIODS, ALL YEARS SINCE INCEPTION WOULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM SCSU ALUMNI ASSOCIATION 178,590. PART XI, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION OF BOND PREMIUM 41,245. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SCSU ALUMNI ASSOCIATION 191,551. AMORTIZATION OF BOND PREMIUM -41,245. 1 ST CLOUD STATE UNIVERSITY 720 4TH AVE SOUTH ST CLOUD MN 56301 411687554 N/A 3142521 17437 FMV GIFTS IN-KIND ASSISTANCE TO SCSU AND STUDENT SCHOLARSHIPS 1 PART I, LINE 2: GRANTS AND SCHOLARSHIPS ARE DECIDED UPON BY THE UNIVERSITY. THE FOUNDATION NOTIFIES THE UNIVERSITY OF THE AMOUNT OF FUNDS AVAILABLE FOR DISBURSEMENT. THE UNIVERSITY COMMUNICATES WITH THE FOUNDATION THE AMOUNT OF GRANTS AND SCHOLARSHIPS TO AWARD. X X 0 0 0 0 0 0 0 0 0 MATTHEW ANDREW FORMER VP OF ADVANCEMENT 0 156658 0 0 0 0 0 5636 0 10624 0 172918 0 0 X 1 5600 FMV X 3 7041 FMV X 2 2500 FMV X SALARY 1 1136814 FMV X BIOLOGY GLASS SLIDES 1 8937 FMV X FOUNDRY SAND 1 400 FMV 0 0 1 0 PART I, COLUMN (B): NOTED THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE BOARD CHAIR AND THE CHAIRS OF EACH COMMITTEE. THE EXECUTIVE COMMITTEE MAY CONDUCT NECESSARY BUSINESS ON BEHALF OF THE BOARD BETWEEN MEETINGS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS HAVE BEEN AMENDED TO REFLECT THAT THE EXECUTIVE DIRECTOR MUST SEEK AN AFFIRMATIVE VOTE OF A SIMPLE MAJORITY OF THE BOARD OF TRUSTEES TO DISTRIBUTE ANY AMOUNT IN EXCESS OF $25,000 OR $75,000 IN THE AGGREGATE ANNUALLY FROM THE FOUNDATION'S UNRESTRICTED FUNDS. ANY DISTRIBUTION MADE THAT IS NOT PURSUANT TO A DONOR GRANT OF PART OF THE NORMAL OPERATING EXPENSES IN THE ANNUAL BUDGET IS SUBJECT TO PRIOR APPROVAL OF THE CHAIR. THE EXCECUTIVE DIRECTOR CANNOT ENTER INTO ANY CONTRACTS, DEEDS OR OTHER DOCUMENTS IN EXCESS OF $25,000 WITHOUT BOARD APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE/AUDIT COMMITTEE DISCUSSES THE 990, AFTER HAVING AN OPPORTUNITY TO REVIEW. THE FINANCE/AUDIT COMMITTEE PRESENTS IT LATER TO THE FULL BOARD FOR REVIEW AND ACCEPTANCE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY BOARD MEMBERS ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST FORM. THESE ARE THEN REVIEWED AT THE BOARD LEVEL AND POTENTIAL ITEMS ARE DISCUSSED. TYPICALLY, NONE ARE FOUND. IF SUCH ARE FOUND, MEMBERS ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON WEBSITE OF MINNESOTA STATE COLLEGES AND UNIVERSITIES. ALL DOCUMENTS ARE AVAILABLE AT THE FOUNDATION OFFICE UPON REQUEST. ST CLOUD STATE UNIVERSITY 720 FOURTH AVE S ST CLOUD MN 56301 411687554 SCHOOL MN N/A N/A N/A 0 ST CLOUD STATE ALUMNI ASSOCIATION 720 FOURTH AVE S ST CLOUD MN 56301 416039732 SUPPORT SCHOOL MN 501(C)3 5 N/A 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0 0