Williston State College Supporting Foundation
- Assets
- $15.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Williston, ND
- Founding
- Data as of
- 06/2020
- EIN
- 83-2369114
Organization Overview
Williston State College Supporting Foundation is located in Williston, ND. Williston State College Supporting Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN ACCOMPLISHING THE CHARITABLE/EDUCATIONAL PURPOSES OF THE WILLISTON STATE COLLEGE FOUNDATION BY PROMOTING AND SUPPORTING WILLISTON STATE COLLEGE, AN INSTITUTION OF HIGHER LEARNING LOCATED IN WILLISTON, NORTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF WILLISTON STATE COLLEGE FOR HIGHER EDUCATION, CONTINUING EDUCTION, AND STAFF GRANTS TO SUPPORT COLLEGE AND COMMUNITY PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ward Koeser President | OfficerTrustee | 2.5 | $0 |
Larry Grondahl Vice President | OfficerTrustee | 0.5 | $0 |
Laurie Furuseth CFO | Officer | 15 | $0 |
Terry Olson Executive Director | Officer | 20 | $0 |
Katie Kringen Secretary/treasurer | Trustee | 0.5 | $0 |
Rick Medalen Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $225,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,341,636 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,897,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,873,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,510,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,794 |
| Total assets | $15,660,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $196,085 |
| Net assets with donor restrictions | $15,464,610 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,660,695 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Williston State College Supporting Foundation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Alva J Field Memorial Trust Williston, ND PURPOSE: TO SUPPORT THE INDIVIDUAL SCHOLARSHIP FUND | $200,000 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $4,915,643 |
| Earnings | $2,241,677 |
| Net Contributions | $8,227,581 |
| Ending Balance | $15,384,901 |
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|---|---|---|
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Logan Health - Shelby Kalispell, MT | $10,902,864 | $9,872,273 |
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Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Elim Senior Housing Edina, MN | $44,315,672 | $6,405,672 |
Greater Minneapolis Convention & Visitors Association Minneapolis, MN | $9,011,213 | $11,529,520 |
Graceville Health Center Graceville, MN | $5,039,622 | $9,748,613 |
Babinski Foundation Sioux Falls, SD | $69,064,544 | $9,638,668 |
Wyoming Catholic College Lander, WY | $8,783,917 | $10,070,665 |
Sharon S Richardson Community Hospice Inc Sheboygan Falls, WI | $14,309,775 | $11,390,948 |
Morris Health Services Morris, MN | $9,143,705 | $10,207,568 |
La Crosse Area Family Y M C A Inc La Crosse, WI | $28,629,813 | $12,107,335 |