2026-05-06T09:02:12-05:00 2025-06-30 992923038 BRADY MARTZ PLLC PO BOX 848 MINOT ND 587020848 990 2024-07-01 456012226 WILLISTON STATE COLLEGE FOUNDATION WILL 7015729275 PO BOX 1286 WILLISTON ND 588021286 LAURIE FURUSETH CHIEF FINANCIAL OFFICER 7015729275 2026-05-05 1 1 TORY J HILL CPA P01087169 7018520196 2026-05-05 2024 2025-03-06 01:10:19Z LAURIE FURUSETH PO BOX 1286 WILLISTON ND 588021286 37906301 0 X WWW.WSCFOUNDATION.COM X 1961 ND TO PROMOTE AND SUPPORT WILLISTON STATE COLLEGE IN WILLISTON, NORTH DAKOTA. 11 11 11 15 -55090 0 1733719 9033059 0 0 121604 162587 872519 1139708 2727842 10335354 4525510 8458155 0 0 388422 406181 0 0 190623 94463 230973 5008395 9095309 -2280553 1240045 24442721 23640977 13816681 11775105 10626040 11865872 X THE FOUNDATION SUPPORTS WILLISTON STATE COLLEGE BY BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS. 0 0 8605918 8458155 37238 THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF WILLISTON STATE COLLEGE FOR HIGHER EDUCATION, CONTINUING EDUCTION, AND STAFF GRANTS TO SUPPORT COLLEGE AND COMMUNITY PROJECTS. THE FOUNDATION OWNS PROPERTY AND EQUIPMENT THROUGH THEIR PARTNERSHIP WITH WILLISTON STATE COLLLEGE HOUSING, LLC. THIS PROPERTY IS RENTED BY WILLISTON STATE COLLEGE EMPLOYEES AND OTHER ESSENTIAL PERSONNEL AND AFFILIATES. REVENUES DERIVED FROM THIS PROGRAM SERVICE WERE $1,960,917 AND RELATED EXPENSES WERE $2,021,743. THIS PROGRAM RENTAL ACTIVITY IS PRESENTED ON FORM 990 IN SECTION VIII, LINES 6A AND 6B. 19890 THE FOUNDATION MAKES CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS THAT PROVIDE SUPPORT TO THE WILLISTON, NORTH DAKOTA AREA. 8625808 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 3 0 1 11 1 1 1 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 1 1 0 X LAURIE FURUSETH 7015729275 PO BOX 1286 WILLISTON ND 588021286 BRANDON JOHNSON DIRECTOR 0.50 0.50 X 0 0 0 JORY MEYER DIRECTOR 0.50 0.50 X 0 0 0 MARK BARSTAD DIRECTOR 0.50 0.50 X 0 0 0 MELANIE STILLWELL DIRECTOR 0.50 0.50 X 0 0 0 JACKIE LEE DIRECTOR 0.50 0.50 X 0 0 0 LANCE OLSON DIRECTOR 0.50 0.50 X 0 0 0 BILL GATHMAN DIRECTOR 0.50 0.50 X 0 0 0 WARD KOESER DIRECTOR 0.50 0.50 X 0 0 0 LEE MURPHY VICE PRESIDENT 1.00 1.00 X X 0 0 0 KATIE KRINGEN SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 TAYLOR OLSON PRESIDENT 2.00 2.00 X X 0 0 0 LAURIE FURUSETH CFO 15.00 15.00 X 66308 0 8753 HUNTER BERG EXECUTIVE DIRECTOR 20.00 20.00 X 156542 0 38995 222850 0 47748 1 0 1 0 0 6640130 2392929 9033059 162587 162587 1960917 2021743 -60826 -60826 -55090 -5736 26712500 25549204 1163296 1163296 MISCELLANEOUS 900099 35671 35671 SPECIAL EVENTS 900099 1567 1567 37238 10335354 37238 -55090 1320147 8458155 8458155 306073 102870 139450 63753 67579 17659 12480 37440 8331 1666 1667 4998 19735 4246 3947 11542 4463 666 892 2905 52215 52215 1399 1399 12383 12383 6483 6483 1708 1708 6388 6388 8701 3446 5255 45988 2147 43841 DUES AND SUBSCRIPTIONS 46668 45797 871 DONATIONS TO OTHER CHAR 19890 19890 SPECIAL EVENTS 13748 6874 6874 SUPPLIES 6521 4673 1848 8881 3973 4908 9095309 8625808 278878 190623 712817 2781867 4156368 1955518 3000000 2792400 49207 24156 84005 66774 19918247 6346601 14263917 13571646 21495 21863 1365094 1132738 789818 1294015 24442721 23640977 305122 254208 101502 97133 5529177 5376059 6000000 6000000 1880880 47705 13816681 11775105 X 6009432 4971657 4616608 6894215 10626040 11865872 24442721 23640977 1240045 -213 0 X X 0 1 X 1 0 X 566210 1675489 1299178 1733719 2392929 7667525 566210 1675489 1299178 1733719 2392929 7667525 1739317 5928208 648389 9508 54005 121278 162587 995767 8663292 1564132 0.68430 0.66190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 27349171 382919 4099244 5282114 26549220 25027933 153034 3695196 1526992 27349171 23379286 7266 2785044 1143663 25027933 24709905 1055250 -137680 2248189 23379286 24580866 9000 3866263 3746224 24709905 0.00000 0.63971 0.36029 0 1 1 968761 968761 29919 22942 6977 18919567 6323659 12595908 13571646 DUE FROM RELATED PARTY 219153 DUE FROM WILLISTON STATE COLLEGE SUPPORTING FOUNDATION 1074643 INCOME TAX WITHHOLDING 219 1294015 PAYABLE TO WILLISTON STATE COLLEGE 47705 47705 X PART IV, LINE 2B: THE FOUNDATION HOLDS SECURITY DEPOSITS IN ESCROW FOR TENANTS. THESE DEPOSITS ARE REFUNDED SUBJECT TO INSPECTION OF THE APARTMENTS FOR DAMAGES. PART V, LINE 4: THE ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS FOR WILLISTON STATE COLLEGE AND OTHER PROGRAMS AND IMPROVEMENTS FOR THE COLLEGE. 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 RULINGS, 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. 60252 49512 244 3538 0 25382508 22727135 102787 1490356 0 1269740 1095936 5142 74554 0 26712500 23872583 108173 1568448 25549204 1163296 ND 1 0 1 0 1.00000 LEE SUESS LLC 210 UNIVERSITY AVE WILLISTON ND 58802 0 ROSEANNE MARQUEZ 52642 MANAGE GAMING OPERATIONS, HIRE AND FIRE EMPLOYEES, MAKE DEPOSITS, ASSIST WITH THE PREPARATION OF REPORTS REQUIRED BY GAMING REGULATIONS. X 1 1756373 1 WILLISTON STATE COLLEGE 1410 UNIVERSITY AVE WILLISTON ND 58801 450324813 GOVERNMENT 5104493 0 STUDENT SCHOLARSHIPS, COLLEGE INFRASTRUCTURE AND PROGRAM SUPPORT. BRAS FOR A CAUSE WILLISTON ND PO BOX 315 WILLISTON ND 588020315 464238829 501(C)(3) 12000 0 PROVIDE AID AND RELIEF TO WILLISTON COMMUNITY MEMBERS. WILLISTON COMMUNITY BUILDERS PO BOX 2720 WILLISTON ND 588023830 264458181 501(C)(3) 33334 0 PROVIDE SUPPORT FOR A COMMUNITY OUTDOOR POOL AND WATERPARK. VETERANS AND FRIENDS OF OLD ARMORY PO BOX 352 WILLISTON ND 588020352 450383516 501(C)(3) 10000 0 PROVIDE SUPPOR FOR THE COMMUNITY BUILDING RENOVATION. WILLISTON HIGH SCHOOL ATHLETICS PO BOX 1407 WILLISTON ND 588021407 861316289 501(C)(3) 20000 0 PROVIDE SUPPORT FOR THE DRILL TEAM. 5 PART I, LINE 2: THE FOUNDATION HAS A CLOSE WORKING RELATIONSHIP WITH WILLISTON STATE COLLEGE AND THEIR RELATED BOOSTER AND ALUMNI ASSOCIATIONS. DUE TO THESE RELATIONSHIPS AND THE FACT THAT THE FOUNDATION'S PURPOSE IS TO PROVIDE SUPPORT TO THE COLLEGE, ONCE GRANT DISBURSEMENTS ARE MADE, NO FURTHER FOLLOW UP IS PERFORMED TO MONITOR THE COLLEGE'S USE OF THE FUNDS. X X 0 0 X X X X 0 0 0 0 0 0 0 0 0 HUNTER BERG EXECUTIVE DIRECTOR 145042 0 0 0 11500 0 19568 0 19427 0 195537 0 0 0 PART I, LINE 3 HUNTER BERG IS COMPENSATED BY WILLISTON STATE COLLEGE AND WILLISTON STATE COLLEGE FOUNDATION REIMBURSES WILLISTON STATE COLLEGE FOR HUNTER'S COMPENSATION. THE BOXES MARKED ABOVE REPRESENT THE STEPS TAKEN BY THE FOUNDATION TO DETERMINE HUNTER'S COMPENSATION THAT WILL BE REIMBURSED BY THE FOUNDATION. PART II THE COMPENSATION REPORTED IN PART II IS DETERMINED BY WILLISTON STATE COLLEGE FOUNDATION. PAID BY WILLISTON STATE COLLEGE, AND REIMBURSED BY THE FOUNDATION. PART 1, LINE 1A HUNTER BERG, EXECUTIVE DIRECTOR, RECEIVED $10,000 IN A DISCRETIONARY SPENDING ACCOUNT WHICH WAS APPROVED BY THE BOARD. THE FUNDS ARE USED FOR SMALL DONATIONS AND SPONSORSHIPS TO OTHER CHARITIES IN THE AREA. THE BOARD SEES ALL EXPENDITURES PAID OUT FROM THIS ACCOUNT. THE AMOUNT IS NOT TREATED AS TAXABLE WAGES TO MR. BERG. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, AND EMPLOYEES OF THE FOUNDATION AND ANY MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS. EACH BOARD MEMBER COMPLETES AN ANNUAL QUESTIONNAIRE INDICATING WHETHER A CONFLICT OF INTEREST EXISTS. IF THERE IS A CONFLICT OF INTEREST, THE INTERESTED PERSON SHALL LEAVE THE MEETING WHILE THE POTENTIAL CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF NO CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY PARTICIPATE IN A DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT IN QUESTION. IF A CONFLICT OF INTEREST DOES EXIST, THE FOLLOWING PROCEDURES SHALL BE FOLLOWED: (1) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST; (2) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT; (3) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; (4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION. THE BOARD SHALL THE MAKE ITS DECISION TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE WSCF BOARD OF DIRECTORS REVIEWS COMPARABLE SALARY DATA FOR THE POSITIONS OF EXECUTIVE DIRECTOR AND CFO. DATA FROM OTHER NDUS COLLEGE FOUNDATIONS AND THE MOST CURRENT WAGE DATA BY OCCUPATION REPORT FOR OUR REGION FROM JOB SERVICE OF ND IS SUMMARIZED AND PRESENTED TO THE COMMITTEE. AFTER DISCUSSION, THE COMMITTEE MAKES A RECOMMENDATION WHICH IS BROUGHT FORWARD TO THE BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS FORM 1023, 990, AND 990-T AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. PART XII, LINE 2C EXPLANATION THE FOUNDATION'S PROCESS FOR SELECTING AND OVERSEEING THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS. WILLISTON STATE COLLEGE HOUSING PO BOX 1286 WILLISTON ND 588021286 371693089 AFFORDABLE HOUSING FOR WSC EMPLOYEES AND OTHER ESSENTIAL PERSONNEL. ND 1960917 12684758 WILLISTON STATE COLLEGE FOUNDATION WILLISTON STATE COLLEGE SUPPORTING FOUNDATION 721 E HIGHLAND DRIVE STE E WILLISTON ND 58801 832369114 SUPPORTING FOUNDATION ND 501(C)(3) LINE 12B, II WILLISTON STATE COLLEGE FOUNDATION 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WILLISTON STATE COLLEGE SUPPORTING FOUNDATION B 173256 FMV OF ASSETS TRANSFERRED WILLISTON STATE COLLEGE SUPPORTING FOUNDATION C 6640130 FMV OF ASSETS TRANSFERRED WILLISTON STATE COLLEGE SUPPORTING FOUNDATION D 1074643 YEAR END BALANCE