The Bismarck State College Foundation is located in Bismarck, ND. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bismarck State College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bismarck State College Foundation generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE IN THOSE ACTIVITIES WHICH SUPPORT THE DEVELOPMENT OF BISMARCK STATE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, TRAVEL FOR GROUPS, CAMPUS PRESENTERS, PERFORMING ART EVENTS, GUEST LECTURERS, CONSULTING SERVICES, RESEARCH, AND OTHER INNOVATIVE PROJECTS HAVE BEEN SUPPORTED THROUGH THE GRANTS PROGRAM. GRANTS ARE AWARDED BY THE BOARD OF TRUSTEES PROGRAMS COMMITTEE.
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 $640,000 IN SCHOLARSHIP AWARDS TO OVER 300 STUDENTS. SCHOLARSHIPS ARE AVAILABLE TO BOTH INCOMING FRESHMEN AND SOPHOMORES. 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.
STUDENT RECOGNITION:WHO'S WHO AMONG STUDENTS IN AMERICAN JUNIOR COLLEGES IS A NATIONAL AWARD GIVEN TO UP TO 20 OF BSC'S TOP STUDENTS. THESE STUDENTS ARE SELECTED BY LEARNING FIRST SUB-TEAM ON A BASIS OF ACADEMIC ACHIEVEMENT, SERVICE IN THE COMMUNITY, LEADERSHIP IN EXTRACURRICULAR ACTIVITIES, AND FUTURE POTENTIAL. THEY ARE LISTED IN A NATIONAL WHO'S WHO VOLUME AND ARE HONORED WITH A CERTIFICATE AND $50 CASH AWARD FROM THE BSC FOUNDATION.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 KAPPAN RECEIVES A PAID INITIATION FEE FOR MEMBERSHIP, A PIN, AND A CERTIFICATE 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: PREVIOUSLY KNOWN AS THE FACULTY AND STAFF ACHIEVEMENT AWARDS, THIS FOUNDATION-SPONSORED PROGRAM HAS BEEN REVAMPED TO ENSURE 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. AS BEFORE, TWO FACULTY AWARD RECIPIENTS WILL EACH RECEIVE $1,000 AND TWO STAFF AWARD RECIPIENTS WILL EACH RECEIVE $1,000. SINCE 2001, AN ADJUNCT FACULTY AND A PART-TIME STAFF MEMBER ARE RECOGNIZED, AND EACH RECEIVES A $250 AWARD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kari Knudson Nv Executive Director | Officer | 40 | $154,559 |
Norm Clark Chair | OfficerTrustee | 1 | $0 |
Scott Becker President | OfficerTrustee | 1 | $0 |
Wade Mann Board Member | Trustee | 1 | $0 |
Danette Welsh Development Committee Chair | OfficerTrustee | 1 | $0 |
Dave Mason Vice President | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Capital City Construction Construction Health Sciences Building | 6/29/20 | $782,298 |
Jlg Architects Archetectural Services | 6/29/20 | $184,075 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,049,083 |
Investment income | $619,497 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $300,579 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $677,687 |
Net Income from Fundraising Events | $30,050 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,203,198 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $574,037 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $332,927 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $26,865 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $149,809 |
Fees for services: Other | $20,053 |
Advertising and promotion | $0 |
Office expenses | $24,453 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,710 |
Travel | $1,093 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,020 |
Interest | $152,916 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $460,644 |
Insurance | $35,907 |
All other expenses | $0 |
Total functional expenses | $3,040,323 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,586,203 |
Pledges and grants receivable | $1,446,592 |
Accounts receivable, net | $48,923 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $748,503 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $29,920 |
Investments—publicly traded securities | $25,800,879 |
Investments—other securities | $237,780 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,660,544 |
Total assets | $52,565,750 |
Accounts payable and accrued expenses | $177,871 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $4,943,314 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $68,742 |
Other liabilities | $4,030,648 |
Total liabilities | $9,220,575 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $43,345,175 |
Over the last fiscal year, The Bismarck State College Foundation has awarded $568,943 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Bismarck, ND PURPOSE: Grant | $548,943 |
Bismarck, ND PURPOSE: Community Bowl Rennovation | $20,000 |
Over the last fiscal year, we have identified 13 grants that The Bismarck State College Foundation has recieved totaling $1,076,322.
Awarding Organization | Amount |
---|---|
Sanford Sioux Falls, SD PURPOSE: EDUCATION/WORKFORCE DEVELOPMENT,SCHOLARSHIP ENDOWMENT | $449,048 |
North Dakota University System Foundation Bismarck, ND PURPOSE: SUPPORT CYBERSECURITY PROGRAMS | $351,000 |
Sam & Bertha Merritt Memorial Trust 60758740 Milwaukee, WI PURPOSE: SCHOLARSHIPS | $85,466 |
North Dakota Community Foundation Bismarck, ND PURPOSE: SUPPORT MISSION | $48,940 |
Otter Tail Power Company Foundation Fergus Falls, MN PURPOSE: SCHOLARSHIPS | $32,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,813 |
Beg. Balance | $26,331,170 |
Earnings | -$3,373,412 |
Net Contributions | $3,518,653 |
Other Expense | $596,762 |
Ending Balance | $25,879,649 |
Organization Name | Assets | Revenue |
---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
People Serving People Inc Charities Minneapolis, MN | $20,919,936 | $5,966,732 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Construction Laborers Education And Training Fund Of Mnesota & N Dkota Lino Lakes, MN | $26,851,237 | $7,012,903 |
Mithun Family Foundation Wayzata, MN | $47,067,877 | $8,085,280 |