2025-12-30T07:40:57-08:00 2025-06-30 463893925 Walker Giroux & Hahne LLC 225 1st Street N Suite 2400 Virginia MN 55792 990 2024-07-01 411351691 VERMILION CAMPUS FOUNDATION VERM 2182352166 1900 EAST CAMP ELY MN 55731 TOM PUSTOVAR Treasurer 2025-12-30 true true Thomas Kelly P01240546 2187494880 2024 2025-03-06 01:10:19Z SHERI ISRAEL 405886 false X https://minnesotanorth.edu/campuses/vermilion X 1979 MN TO PROMOTE A STRONGER AWARENESS OF AND BOND BETWEEN VERMILION COMMUNITY COLLEGE AND THE COMMUNITIES IT SERVES; AND TO SEEK, ACCEPT, AND ADMINISTER FINANCIAL AND MATERIAL GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS, AND THE COMMUNITIES. PRIMARY ACTIVITIES INCLUDE SCHOLARSHIP AWARDS AND SUPPORT FOR EDUCATIONAL PROGRAMMING. 7 7 0 15 0 126867 165620 0 44344 60695 0 171211 226315 69419 75960 0 0 0 0 52765 39798 122184 115758 49027 110557 1679440 1895115 207 1679440 1894908 TO PROMOTE A STRONGER AWARENESS OF AND BOND BETWEEN VERMILION COMMUNITY COLLEGE AND THE COMMUNITIES IT SERVES; AND TO SEEK, ACCEPT, AND ADMINISTER FINANCIAL AND MATERIAL GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS, AND THE COMMUNITIES. PRIMARY ACTIVITIES INCLUDE SCHOLARSHIP AWARDS AND SUPPORT FOR EDUCATIONAL PROGRAMMING. false false 92318 SCHOLARSHIPS AND GRANTS TO STUDENTS - RECIPIENTS ARE SELECTED BY A COMMITTEE OF FACULTY, SUPPORT STAFF, AND ADMINISTRATORS. SELECTIONS ARE BASED ON INFO FROM APPLICATIONS AND COMMITTEE INPUT. THE AWARDS ARE REPORTED TO THE COLLEGE FINANCIAL AID DEPARTMENT AND GENERALLY PAID DIRECTLY TO THE COLLEGE TO ASSIST WITH THE STUDENTS' TUITION AND TEXTBOOK COSTS. 92318 true true false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false MN X ELIZABETH CHAPMAN 2182352166 VERMILION COMM COLL 1900 E CAMP ELY MN 55731 X ANNE FOLZ DIRECTOR 1.00 0.00 X 0 0 0 CHAD BOEDEKER Secretary 1.00 0.00 X X 0 0 0 COLIN YAHNKE Director 1.00 0.00 X 0 0 0 DEB MILLER President 1.00 0.00 X X 0 0 0 DEREK LOSSING DIRECTOR 1.00 0.00 X 0 0 0 O'NIELL TEDROW Vice President 1.00 0.00 X X 0 0 0 TOM PUSTOVAR Treasurer 1.00 0.00 X X 0 0 0 TRENT JANEZICH EX OFFICIO 2.00 0.00 X 0 0 0 ELIZABETH CHAPMAN Executive Dir. 30.00 0.00 X 0 0 0 AARON BENDER EX OFFICIO 1.00 0.00 X 0 0 0 0 false false false 0 165620 165620 0 58147 58147 0 0 0 182119 179571 2548 2548 2548 0 0 0 0 226315 2548 58147 0 75960 75960 0 0 0 0 0 0 0 0 21577 15104 6473 0 6788 6788 0 0 0 25 25 373 373 3445 3445 0 0 0 0 0 5588 5588 0 0 0 588 588 SWAG SALES 881 881 BANK FEE 533 533 0 115758 92318 23440 0 77431 2001 285884 335713 0 0 0 0 0 0 0 0 1316125 1556901 0 0 0 500 1679440 1895115 207 0 207 X 1679440 1894908 1679440 1894908 1679440 1895115 110557 114459 -9548 X false false false X 311043 250621 111218 126867 165620 965369 0 0 311043 250621 111218 126867 165620 965369 133166 832203 24334 40111 36184 47973 58147 206749 0 0 1172118 0.71000 0.72960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1216266 50211 79055 15419 4387 1325726 1147273 17205 70604 15206 3610 1216266 1093717 9510 91668 38795 500 8327 1147273 1254542 23258 -151731 28415 2800 1137 1093717 906474 168467 239512 37213 7671 15027 1254542 0.35000 0.65000 false false false Part V, Line 4: Intended uses of the endowment fund. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDSTHE INTENDED USES OF THE ENDOWMENT FUNDS ARE SCHOLARSHIP AWARDS, SPONSORSHIP OF EDUCATIONAL PROGRAMMING, AND SUPPORT FOR ADMINISTRATION OF THE ORGANIZATION'S ACTIVITES. true 0 0 SCHOLARSHIPS & GRANTS 88 75960 Grantmaker's Description of How Grants are Used A SCHOLARSHIP SELECTION COMMITTEE COMPRISED OF FOUNDATION BOARD MEMBERS AND VERMILION FACULTY AND STAFF REVIEW THE SCHOLARSHIP APPLICATIONS AND CRITERIA FOR EACH SCHOLARSHIP. SCHOLARSHIP AWARDS ARE ONLY MADE TO STUDENTS WHO MEET THE CRITERIA ESTABLISHED FOR EACH SCHOLARSHIP.THE VAST MAJORITY OF SCHOLARSHIPS ARE AWARDED TO NEW OR RETURNING VERMILION STUDENTS. ONCE THE AWARD DECISIONS ARE MADE, THE VERMILION FINANCIAL AID OFFICE RECEIVES THE LIST OF STUDENTS AND THE AMOUNT OF THE AWARDS FOR EACH STUDENT. THE FOUNDATION RECEIVES AN INVOICE FOR THE SCHOLARSHIP AWARDS FROM THE COLLEGES BUSINESS OFFICE. THE INVOICE LISTS EACH STUDENT AND THE TOTAL AMOUNT OF THE SCHOLARSHIP AWARD(S) THEY RECEIVED. THE FOUNDATION SUBMITS PAYMENT TO THE VERMILION BUSINESS OFFICE.TRANSFER STUDENTS MUST SUBMIT TO THE FOUNDATION PROOF OF ENROLLMENT FOR THE COLLEGE THEY ARE ATTENDING. ONCE THE DOCUMENTATION IS RECEIVED, THE COLLEGES FINANCIAL AID OFFICE RECEIVES A SCHOLARSHIP AWARD CHECK WITH A LETTER STATING WHO THE AWARD IS FOR, THAT IS TO BE APPLIED TO THEIR TUITION COSTS, AND THAT THE CHECK MUST BE RETURNED TO THE FOUNDATION, IF THE STUDENT IS NOT ENROLLED AFTER THE COLLEGES DROP/ADD PERIOD.FOR THE VERMILION FACULTY SCHOLARSHIPS, STUDENTS RECEIVE THE SCHOLARSHIP AWARD CHECK AT THE END OF THE ACADEMIC YEAR THAT THE AWARD DECISIONS WERE MADE. INCLUDED IS A LETTER THAT STATES, THE VERMILION FINANCIAL AID OFFICE HAS BEEN NOTIFIED OF YOUR AWARD. PLEASE REMEMBER THAT IF YOU ARE TRANSFERRING, YOU ARE RESPONSIBLE FOR REPORTING THIS SCHOLARSHIP TO THE FINANCIAL AID OFICE AT THE COLLEGE OR UNIVERSITY YOU WILL BE ATTENDING FOR THE NEXT ACADEMIC YEAR. Form 990, Part VI, Section B, Line 11b THE OFFICERS AND DIRECTORS OF THE GOVERNING BOARD ARE NOTIFIED THAT A COMPLETE COPY OF THE FORM 990 IS AVAILABLE FOR THEIR REVIEW UPON REQUEST. THE GOVERNING BOARD AUTHORIZES THE PRESIDENT OR HIS/HER DESIGNEE TO REVIEW THE COMPLETE COPY OF THE FINAL FORM 990 INCLUDING ALL REQUIRED SCHEDULES BEFORE FILING AND TO SIGN THE DOCUMENT ON THEIR BEHALF. Form 990, Part VI, Section B, Line 12c OFFICERS AND DIRECTORS OF THE GOVERNING BOARD ARE REQUIRED TO ANNUALLY REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, COMPLETE A FORM DISCLOSING ANY CONFLICTS, AND CERTIFY BY SIGNING A STATEMENT THAT THEY WILL ABIDE BY THE POLICY AND THAT THE INFORMATION THEY PROVIDED IS TRUE AND COMPLETE. DISCLOSURES ARE REPORTED DURING THE APPLICABLE MEETING OF THE BOARD AND REFLECTED IN THE MEETING MINUTES. Form 990, Part VI, Section C, Line 19 UPON REQUEST, THE ORGANIZATION PROVIDES TO THE PUBLIC ELECTRONIC OR HARD COPIES OF ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS.