2025-06-03T09:03:03-05:00 2024-12-31 450334950 WIDMER ROEL PC 4220 31ST AVE S FARGO ND 58104 990 2024-07-01 237102720 TRI COLLEGE UNIVERSITY TRIC 7012318170 650 NP AVE 110 FARGO ND 581025069 DR CARRIE BRIMHALL BOARD CHAIR 7012318170 2025-05-30 1 0 TRACEE S BUETHNER CPA P01292877 7012376022 2024 2025-03-06 01:10:19Z X DR CARRIE BRIMHALL 650 NP AVE 110 FARGO ND 581025069 1703182 0 X WWW.TRI-COLLEGE.ORG X 1970 ND ASSIST IN ESTABLISHMENT AND MAINTENANCE OF COORDINATED PROGRAMS AMONG AND BETWEEN NORTH DAKOTA STATE UNIVERSITY, MINNESOTA STATE UNIVERSITY MOORHEAD, CONCORDIA COLLEGE, MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE, AND NORTH DAKOTA STATE COLLEGE OF SCIENCE, TOGETHER WITH AFFILIATED INSTITUTIONS AND SUPPORTING AGENCIES AND ORGANIZATIONS. X 6 2 3 6 0 0 305991 500 6890 0 112809 15040 40 1529 425730 17069 0 610196 0 0 267495 121483 0 0 5393 82348 102879 349843 834558 75887 -817489 857974 0 67284 0 790690 0 X ASSIST IN ESTABLISHMENT AND MAINTENANCE OF COORDINATED PROGRAMS AMONG AND BETWEEN NORTH DAKOTA STATE UNIVERSITY, MINNESOTA STATE UNIVERSITY MOORHEAD, CONCORDIA COLLEGE, AND MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE, TOGETHER WITH AFFILIATED INSTITUTIONS AND SUPPORTING AGENCIES AND ORGANIZATIONS. 0 1 0 LIBRARY - TO PROVIDE LIBRARY MATERIALS AT EACH CAMPUS ACCESSIBLE VIA THE ONLINE CATALOGS ENSURING THAT FACULTY, STAFF OR STUDENTS FROM ANY OF THE FIVE PARTNERING INSTITUTIONS HAVE PRIVILEGES AT ALL FOUR CAMPUS LIBRARIES. LIBRARY CO-OPERATION PROVIDES A RESOURCE OF MORE THAN 1.25 MILLION BOOKS AND OVER 5,000 JOURNALS WITH TITLES REPRESENTING ALL ACADEMIC DISCIPLINES. NO ACTIVITY - REMAINING FUND RESERVES WERE SPLIT THREE WAYS AND RETURNED TO CONCORDIA COLLEGE, MSUM, AND NDSU IN OCTOBER 2024. FOUNDERS FUND - BOARD DESIGNATED ENDOWMENT FUND ESTABLISHED TO PRESERVE MONEYS FOR THE FUTURE OPERATIONS OF TRI COLLEGE UNIVERSITY. THE ENDOWMENT INVESTMENT ACCOUNT WAS CLOSED IN DECEMBER 2024 AND DEPOSITED INTO THE ORGANIZATION'S CHECKING ACCOUNT. WIMF ENDOWMENT - ESTABLISHED TO PROVIDE FUNDS FOR THE "WALK INTO MY FUTURE" PROGRAM. THE ENDOWMENT INVESTMENT ACCOUNT WAS CLOSED IN DECEMBER 2024 AND DEPOSITED INTO THE ORGANIZATION'S CHECKING ACCOUNT. 71921 TCCIF - PROVIDE FOR JOINT CAREER AND INTERNSHIP SEMINARS, WORKSHOPS, AND OTHER EVENTS FOR STUDENTS (FROM ALL MEMBER INSTITUTIONS), TO HELP THEM PREPARE TO ENTER THE WORKPLACE. NO ACTIVITY DURING FY 24-25. FUNDS WERE RETURNED TO CONCORDIA, MSUM, AND NDSU. 610196 610196 GENERAL: TO ASSIST IN THE ESTABLISHMENT AND THE MAINTENANCE OF COOPERATIVE EFFORTS THAT ENRICH THE ACADEMIC ENVIRONMENT FOR THE BENEFIT OF STUDENTS, FACULTY, AND THE COMMUNITY. THESE PROGRAMS INCLUDE THE FACILITATION OF COURSE EXCHANGE AND COORDINATED EFFORTS FOR SHARED PROJECTS, PROGRAMS, AND RESEARCH. YOUTH ACTIVITY BOOK: DONATIONS RECEIVED FOR AND EXPENSES RELATED TO PRODUCING A YOUTH ACTIVITY BOOK PROMOTING THE FARGO, MOORHEAD AREA AND THE FIVE PARTNER COLLEGE INSTITUTIONS. COLLABORATIVE GRANTS - START UP FUNDING FOR COLLABORATIVE PROJECTS INVOLVING PROGRAMS AND/OR GROUPS FROM TWO OR MORE UNIVERSITIES. ONE GRANT WAS AWARDED IN FY23-24. 682117 610196 682117 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 2 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 6 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 1 1 0 X CHRIS WILSON 7012316409 NDSU DEPT 1000 1340 ADMINISTRATION FARGO ND 58102 DR CARRIE BRIMHALL CHAIR 0.60 X X 0 0 0 DR DAVID J COOK VICE CHAIR 0.60 X X 0 0 0 DR TIMOTHY DOWNS TREASURER 0.60 X X 0 0 0 DR COLIN IRVINE DIRECTOR 0.60 X 0 0 0 SHANNON FULL DIRECTOR 0.30 X 0 0 0 TAMI NORGARD DIRECTOR 0.30 X 0 0 0 TIM FLAKOLL PROVOST/SECRETARY 20.00 X 91207 0 19576 91207 0 19576 0 0 0 0 0 500 500 8232 8232 1692921 1682810 3303 10111 -3303 6808 6808 OTHER 900099 1529 1529 1529 17069 1529 0 15040 610196 610196 50921 7638 38191 5092 41271 7746 33525 29291 13439 15852 28809 28809 1000 1000 6500 6500 1010 189 743 78 6658 6658 3389 446 2720 223 973 973 CAMPUS EXPENSE 53918 42463 11455 MISCELLANEOUS EXPENSES 622 622 834558 682117 147048 5393 107387 0 55000 0 0 2255 0 0 0 0 0 0 0 0 1830 0 684915 0 0 0 0 6587 0 857974 0 60197 0 500 0 6587 0 67284 0 X 786766 0 3924 0 790690 0 857974 0 X -817489 26802 -3 X X 0 1 X 1 0 X 338239 281065 293452 305991 500 1219247 338239 281065 293452 305991 500 1219247 1219247 11821 17974 15779 21216 8232 75022 5245 4250 5750 40 15285 1309554 13430 0.93100 0.93890 X 0 X 56900 26802 11256 3303 41361 15539 1530 1530 17069 251240 11256 15620 26876 224364 610194 610194 834558 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM PAYMENT OF FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF DECEMBER 31, 2024, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EQUIPMENT INCLUDED WITH EXPENSES ON FINANCIALS 3,303. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE RECEIVED AFTER AUDIT 1,530. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EQUIPMENT INCLUDED WITH EXPENSES ON FINANCIALS 3,303. ACCRUED EXPENSES NOT PAID 12,317. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINAL DISBURSEMENT NOT INCLUDED ON FINANCIALS 610,194. 0 NORTH DAKOTA STATE UNIVERSITY NDSU DEPT 3100 1241 N UNIVERSITY DRIVE FARGO ND 58102 456002439 501(C)(3) 102549 0 GENERAL ASSISTANCE CONCORDIA COLLEGE OR FOUNDATION 901 S 8TH ST MOORHEAD MN 56562 410693977 501(C)(3) 102549 0 GENERAL ASSISTANCE MINNESOTA STATE UNIVERSITY MOORHEAD OR FOUNDATION 1104 7TH AVE S MOORHEAD MN 56563 237101061 501(C)(3) 252549 0 GENERAL ASSISTANCE GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION 51 BROADWAY SUITE 500 FARGO ND 58102 456011769 501(C)(3) 50000 0 GENERAL ASSISTANCE MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE OR FOUNDATION 1900 28TH AVE S MOORHEAD MN 56560 363366589 501(C)(3) 102549 0 GENERAL ASSISTANCE 5 CASH 2025-05-31 102549 456002439 NORTH DAKOTA STATE UNIVERSITY OR FOUNDATION 1241 N UNIVERSITY DRIVE FARGO ND 58102 501(C)(3) CASH 2025-05-31 102549 410693977 CONCORDIA COLLEGE OR FOUNDATION 901 S 8TH ST MOORHEAD MN 56562 501(C)(3) CASH 2025-05-31 252549 237101061 MINNESOTA STATE UNIVERSITY MOORHEAD OR FOUNDATION 1104 7TH AVE S MOORHEAD MN 56563 501(C)(3) CASH 2025-05-31 50000 456011769 GREATER FARGO MOORHEAD ECONOMIC DEVELOPMENT CORPORATION 51 BROADWAY SUITE 500 FARGO ND 58102 501(C)(3) CASH 2025-05-31 102549 363366589 MINNESOTA STATE COMMUNITY AND TECHNICAL COLLEGE OR FOUNDATION 1900 28TH AVE S MOORHEAD MN 56560 501(C)(3) 0 0 0 0 1 0 0 1 0 PART III DUE TO SEVERAL CHANGES IN THE HIGHER EDUCATION ENVIRONMENT SINCE THE ORGANIZATION'S INITIAL INCEPTION, THE PRESIDENT'S AND BOARD OF DIRECTORS OF TRI-COLLEGE UNIVERSITY (TCU) BEGAN DISCUSSING THE DISSOLUTION OF THE ORGANIZATION DURING THE BEGINNING MONTHS OF 2023, AND SUBMITTED A JOINT DRAFT PRESIDENTIAL RECOMMENDATION TO DISSOLVE ON NOVEMBER 28, 2023. THE BOARD OF DIRECTORS APPROVED THE RECOMMENDATION TO CEASE OPERATIONS OF TCU, WITH A DISSOLUTION DATE OF DECEMBER 31, 2024, AND LIQUIDATION DETERMINED IMMINENT JULY 1, 2023.THE FINANCIAL STATEMENT PRESENTATION AND REPORTING REQUIREMENTS OF TCU CHANGED WHEN THE LIQUIDATION BASIS OF ACCOUNTING WAS ADOPTED JULY 1, 2023. UNDER THE LIQUIDATION BASIS OF ACCOUNTING, EMPHASIS SHIFTS FROM THE ORGANIZATION'S ECONOMIC PERFORMANCE AND FINANCIAL POSITION TO REPORTING THE AMOUNT OF CASH AND OTHER ASSETS AVAILABLE FOR DISTRIBUTION UPON LIQUIDATION. AS SUCH, THE FINANCIAL STATEMENTS PRESENTED CONSIST OF A STATEMENT IN NET ASSETS IN LIQUIDATION AND A STATEMENT OF CHANGES IN NET ASSETS IN LIQUIDATION.ALL TCU FINANCIAL DOCUMENTS WILL BE HELD BY NORTH DAKOTA STATE UNIVERSITY (NDSU) FOR SEVEN YEARS AND SHOULD BE DESTROYED FOLLOWING THE REQUIRED RETENTION PERIOD. TRI-COLLEGE MEETING MINUTES AND ANNUAL REPORTS WILL BE STORED ON THE SHARED DRIVE BETWEEN TCU AND NDSU.THE REMAINING TCU CASH BALANCE AT DECEMBER 31, 2024 WAS WIRE TRANSFERRED TO NDSU ON JANUARY 2, 2025. THE CASH WILL BE HELD SHORT-TERM BY NDSU AND WILL BE USED TO PAY THE FINAL PAYROLL LIABILITIES INCURRED AND THE FINAL DISBURSEMENT OF TCU FUND BALANCES, BOTH OF WHICH WILL BE PAID SUBSEQUENT TO TCU'S FINAL DAY OF BUSINESS OPERATIONS. ALL REMAINING LIABILITIES AT YEAR-END WILL BE PAID WITH TCU FUNDS HELD BY NDSU AND ARE EXPECTED TO BE APPROXIMATELY $55,807. THE DISTRIBUTION OF THE REMAINING FUND BALANCES WILL NOT BE DETERMINED UNTIL THE AUDIT FOR THE 18-MONTH PERIOD ENDED DECEMBER 31, 2024 OF TCU IS FINAL.A PERSONAL SERVICES AGREEMENT WAS ENTERED INTO BY TCU AND NDSU ON DECEMBER 12, 2024. THE AGREEMENT NOTED $6,300 WILL BE PAID TO TCU'S ACCOUNTANT FOR CONTINUING TO PROVIDE ACCOUNTING SERVICES SUBSEQUENT TO THE DISSOLUTION OF TCU.TRI-COLLEGE UNIVERSITY RECEIVED ITS CERTIFICATE OF DISSOLUTION, EFFECTIVE DECEMBER 31, 2024, FROM THE NORTH DAKOTA SECRETARY OF STATE ON DECEMBER 30, 2024. FORM 990, PART III, LINE 3 THE ORGANIZATION DISCONTINUED ALL ACTIVITIES OTHER THAN ADMINISTRATION (GENERAL FUND) WERE DISCONTINUED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MEETING. APPROVAL OF THE FORM 990 IS REQUESTED AND ACTED UPON AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 FOR FINAL SIX MONTHS, ONLY THE BOARD IF DIRECTORS WERE GIVEN COMPENSATION FIGURES FOR APPROVAL FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL ORGANIZATIONAL FINANCIAL DOCUMENTS WILL BE HELD BY NORTH DAKOTA STATE UNIVERSITY (NDSU). FORM 990, PART XI, LINE 9: ROUNDING -3. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.