2024-05-15T17:06:49-05:00 2023-06-30 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 848 MINOT ND 587020848 990 2022-07-01 450344784 MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION MINO 7018583368 500 UNIVERSITY AVE W MINOT ND 58701 RICK HEDBERG EXECUTIVE DIRECTOR 7018583368 2024-05-01 1 RICK HEDBERG 999009999 0 TORY J HILL CPA P01087169 7018520196 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICK HEDBERG 500 UNIVERSITY AVE W MINOT ND 58701 6757119 0 X N/A X 1943 ND TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY. 11 11 0 17 25381 24380 8839973 3795767 0 0 2592823 868055 231198 641023 11663994 5304845 1684868 2010578 0 0 516384 510689 0 0 411251 605637 709485 2806889 3230752 8857105 2074093 52940174 57770697 10126088 10454711 42814086 47315986 TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY. 0 0 2578522 2010578 PROVIDE SCHOLARSHIPS TO STUDENTS BASED ON CRITERIA AND SUPPORT THE UNIVERSITY THROUGH FUNDRAISING AND FUNDING OF VARIOUS CAMPUS PROJECTS AND UNIVERSITY ACTIVITIES. 2578522 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 16 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X BRADY MARTZ & ASSOCIATION PC 7018520196 24 WEST CENTRAL AVE MINOT ND 58702 JON BACKES PRESIDENT 0.30 X X 0 0 0 DR STEVE SHIRLEY DIRECTOR (EX-OFFICIO) 0.30 X 0 250164 82483 JARID LUNDEEN DIRECTOR 0.30 X 0 0 0 MYRON THOMPSON DIRECTOR 0.30 X 0 0 0 KATHY AAS DIRECTOR 0.30 X 0 0 0 BOB SANDO DIRECTOR 0.30 X 0 0 0 DAN LANGEMO VICE PRESIDENT 0.30 X X 0 0 0 DAVID GOWAN DIRECTOR 0.30 X 0 0 0 KAREN KREBSBACH DIRECTOR 0.30 X 0 0 0 BRENT WINIGER TREASURER (EX-OFFICIO) 0.30 X X 0 100987 37332 RICK HEDBERG EXECUTIVE DIRECTOR (EX-OFF 5.00 X X 0 125980 36006 TOM PROBST DIRECTOR 0.30 X 0 0 0 KENT KIRKHAMMER DIRECTOR 0.30 X 0 0 0 LESLIE COUGHLIN DIRECTOR 0.30 X 0 0 0 0 477131 155821 0 0 1 0 0 218292 3577475 3795767 1194491 1194491 570536 570536 1074070 1125838 -51768 -51768 25381 -77149 326436 -326436 -326436 -326436 TRANSFER OF AGENCY FUNDS FOR SPEN 900099 75214 75214 MISC INCOME 711210 47041 47041 122255 5304845 122255 25381 1361442 2010578 2010578 510689 86386 135507 288796 161133 161133 46914 27394 9760 9760 6626 3313 3313 68352 57868 5242 5242 63820 38292 12764 12764 38415 21367 8524 8524 2632 1316 1316 LICENSES, PERMITS, AND 100306 57028 21328 21950 POSTAGE AND DELIVERY 49115 29469 9823 9823 SUPPLIES 43646 24976 9335 9335 PRINTING 42955 25773 8591 8591 85571 38258 15476 31837 3230752 2578522 240979 411251 634929 1088484 1674847 11673 9463 11184 14636 16977108 2933262 13789943 14043846 36684763 39808734 1354127 1584242 52940174 57770697 511857 224662 5817937 5432509 3796294 4797540 10126088 10454711 X 7838950 10773571 34975136 36542415 42814086 47315986 52940174 57770697 2074093 2235842 191965 0 X X 0 1 X 1 0 X X 1 MINOT STATE UNIVERSITY 456002481 6 1 2010578 0 1 2010578 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33608116 2707523 3132386 2865871 36582154 35107631 4481285 -3294916 2685884 33608116 29525716 1446199 6403765 2268049 35107631 28214982 1490651 1277764 1457681 29525716 26550838 1328293 1735345 1399494 28214982 0.04040 0.95960 0.00000 0 0 1636761 1636761 14384433 2812983 11571450 155914 120279 35635 800000 800000 14043846 ANNUITIES PAYABLE 438794 DUE TO MINOT STATE UNIVERSITY 929350 INVESTMENTS HELD FOR MINOT STATE UNIVERSITY 3212453 DUE TO BEAVER BOOSTERS 216943 4797540 X 8949204 2235842 191965 90714 2518521 6430683 -1125838 -1125838 5304845 4230361 1160742 1160742 3069619 161133 161133 3230752 PART V, LINE 4: PAYMENT OF SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULING, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES NETTED WITH INVESTMENT INCOME -161,133. BEAVER BOOSTERS INCOME REPORTED WITH DEVELOPMENT FOUNDATION 251,847. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON PAGE 1 LINE 11 -1,125,838. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH RENTAL INCOME ON PAGE 1 LINE 11 1,125,838. BEAVER BOOSTERS EXPENSES REPORTED WITH DEVELOPMENT FOUNDATION 34,904. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES NETTED WITH INVESTMENT INCOME 161,133. 1 MINOT STATE UNIVERSITY 500 UNIVERSITY AVE W MINOT ND 58701 456002481 501(C)(3) 2010578 0 PROVIDE SCHOLARSHIP FUNDS TO MINOT STATE UNIVERSITY STUDENTS 1 0 PART I, LINE 2: AWARDS ARE DISBURSED ACCORDING TO CRITERIA ESTABLISHED BY THE DEVELOPMENT FOUNDATION. 0 0 0 0 0 0 0 0 0 DR STEVE SHIRLEY DIRECTOR (EX-OFFICIO) 0 250164 0 0 0 0 0 18500 0 63983 0 332647 0 0 RICK HEDBERG EXECUTIVE DIRECTOR (EX-OFF 0 125980 0 0 0 0 0 0 0 36006 0 161986 0 0 PART I, LINE 3 COMPENSATION OF OFFICERS IS DETERMINED BY THIS FOUNDATION'S RELATED ENTITY, MINOT STATE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MONITOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. SEA VENTURES IN LEARNING LLC 500 UNIVERSITY AVE W MINOT ND 58707 990372514 LEARNING LAB FOR MSU STUDENTS ND MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION MINOT STATE UNIVERSITY 500 UNIVERSITY AVE W MINOT ND 58701 456002481 UNIVERSITY ND 501(C)(3) LINE 6 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MINOT STATE UNIVERSITY B 2010578 FMV MINOT STATE UNIVERSITY O 510689 FMV