2026-09-12T13:12:56-05:00 2026-06-30 423603499 Eide Bailly Advisory LLC 4585 Coleman St Ste 200 Bismarck ND 585034101 990 2025-07-01 450358929 Bismarck State College Foundation BISM 7012245700 PO Box 5587 Bismarck ND 585065587 Kari Knudson Executive Director 7012245700 2026-09-11 1 Lisa Chaffee P00193453 7012551091 2026-09-11 2025 Kari Knudson PO Box 5587 Bismarck ND 585065587 24880846 0 X www.bismarckstate.edu/foundation/ X 1979 ND Engage in those activities which support the development of Bismarck State College. 77 74 0 95 0 0 4063244 7201861 399965 424575 2573776 3481009 868233 631666 7905218 11739111 2788453 12929875 0 0 431245 413451 0 0 362101 1144599 1292097 4364297 14635423 3540921 -2896312 71345063 76284740 7843211 11421561 63501852 64863179 X Engage in those activities which support and assist in the development and advancement of Bismarck State College. 0 0 12260701 11391890 424575 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, campus presenters, performing art events, guest lecturers, consulting services, research, conference registrations, and other innovative projects have been supported through the Grants Program. Grants are awarded by the Board of Trustees Programs Committee.Student Housing:The Foundation leases two residence halls to Bismarck State College. Ritchie Hall and Gate City Hall, co-educational apartment style residence halls, have a total capacity of 144 students. 1468393 1468393 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 $1,400,000 in scholarship awards to over 890 students. 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. 44592 44592 Student Recognition: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 Kappa receives a paid initiation fee for membership, a pin, and a certificate(Continued on Schedule O)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: this Foundation-sponsored program ensures 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. Two faculty award recipients will each receive $1,000, two staff award recipients will each receive $1,000, an adjunct faculty receives $250, and a part-time staff member receives a $250 award. 25000 25000 Jack FellowshipThe BSC Jack Fellowship Program has been established to fund sabbatical leaves for a Bismarck State College employee to engage in an educational experience that ultimately benefits BSC and the students it serves. The Fellowship is intended to partially underwrite the salary and/or expenses of the employee during the sabbatical. Each Fellowship will be a monetary award of up to $25,000 to be used to enhance the recipient's professional performance. During the year there was one recipient of the Jack Fellowship. 25000 25000 13798686 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 16 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 77 74 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X Ashli Engen 7012245700 PO Box 5587 Bismarck ND 585065587 Wade Mann Chair 1.00 X X 0 0 0 Russ Hanson President 1.00 X X 0 0 0 Sarah Getzlaff Vice President 1.00 X X 0 0 0 Kevin Stadler Development Committee Chair 1.00 X X 0 0 0 Mark Zimmerman Program Committee Chair 1.00 X X 0 0 0 Kevin Dykema Finance Committee Chair 1.00 X X 0 0 0 Dave Mason Secretary-Treasurer (As of May 26) 1.00 X X 0 0 0 Alex Kowski Board Member (Until May 26) 1.00 X 0 0 0 Alexis Baxley Board Member 1.00 X 0 0 0 Amy Mazigian Board Member 1.00 X 0 0 0 Andy Cramer Board Member 1.00 X 0 0 0 Andy Miller Board Member (As of Nov 25) 1.00 X 0 0 0 Ann Reich Board Member (As of Sep 25) 1.00 X 0 0 0 Arik Spencer Board Member (As of Feb 26) 1.00 X 0 0 0 Blaize Morris Board Member 1.00 X 0 0 0 Brad Balerud Board Member (Until Feb 26) 1.00 X 0 0 0 Brad Ballweber Board Member 1.00 X 0 0 0 Brandon Reems Board Member 1.00 X 0 0 0 Cam Knutson Board Member 1.00 X 0 0 0 Chad Wachter Board Member 1.00 X 0 0 0 Cindy Clairmont Board Member 1.00 X 0 0 0 Curt Walth Board Member 1.00 X 0 0 0 Dale Pahlke Board Member 1.00 X 0 0 0 Dan Polk Board Member 1.00 X 0 0 0 Danette Walsh Board Member 1.00 X 0 0 0 Darren Snow Board Member 1.00 X 0 0 0 Dave Clark Board Member 1.00 X 0 0 0 David Straley Board Member 1.00 X 0 0 0 Deb Mantz Board Member (Until Sep 25) 1.00 X 0 0 0 Debra Gallagher Board Member 1.00 X 0 0 0 Donna Fricke Board Member (As of Sep 25) 1.00 X 0 0 0 Dorothy Lick Board Member (Until Sep 25) 1.00 X 0 0 0 Eric Brenden Board Member 1.00 X 0 0 0 Florence Hauer Board Member 1.00 X 0 0 0 Gina Hruby Board Member 1.00 X 0 0 0 Glenn Bosch Board Member 1.00 X 0 0 0 Greg Bavendick Board Member 1.00 X 0 0 0 Irene Tschider Board Member 1.00 X 0 0 0 Jason Lueder Board Member 1.00 X 0 0 0 Jean Schafer Board Member 1.00 X 0 0 0 Jeff Nelson Board Member 1.00 X 0 0 0 Jennifer Heck Board Member 1.00 X 0 0 0 Jesse Johnson Board Member 1.00 X 0 0 0 Jim Christianson Board Member 1.00 X 0 0 0 Jon Hunke Board Member (As of Sep 25) 1.00 X 0 0 0 Joshua Nuss Board Member 1.00 X 0 0 0 Judy Pfeifle Board Member 1.00 X 0 0 0 Kevin Gilchrist Board Member 1.00 X 0 0 0 Kevin Magstadt Board Member 1.00 X 0 0 0 Larry Skogen Board Member 1.00 X 0 0 0 Lee Weisbeck Board Member 1.00 X 0 0 0 Loren Kopseng Board Member 1.00 X 0 0 0 Marby Hogen Board Member 1.00 X 0 0 0 Marlene Anderson Board Member (Until Sep 25) 1.00 X 0 0 0 Mary Theel Board Member 1.00 X 0 0 0 Mat Hirst Board Member 1.00 X 0 0 0 Megan Hruby Board Member 1.00 X 0 0 0 Melissa Hauer Board Member 1.00 X 0 0 0 Mike Bitz Board Member 1.00 X 0 0 0 Mike Haider Board Member 1.00 X 0 0 0 Mike Heger Board Member 1.00 X 0 0 0 Mike Holman Board Member (Until Sep 25) 1.00 X 0 0 0 Nathan Svihovec Board Member (As of Sep 25) 1.00 X 0 0 0 Patrick Ward Board Member 1.00 X 0 0 0 Paul Sandness Board Member 1.00 X 0 0 0 Rachel Retterath Board Member 1.00 X 0 0 0 Rebecca Ternes Board Member 1.00 X 0 0 0 Reece Boehm Board Member 1.00 X 0 0 0 Reed Reyman Board Member 1.00 X 0 0 0 Rob Koppinger Board Member 1.00 X 0 0 0 Ross Wilmes Board Member 1.00 X 0 0 0 Ryan Heinsohn Board Member (As of May 26) 1.00 X 0 0 0 Sara Vollmer Board Member (As of Sep 25) 1.00 X 0 0 0 Scott Becker Board Member 1.00 X 0 0 0 Shanna Johnson Board Member (As of Feb 26) 1.00 X 0 0 0 Stacy Tschider Board Member 1.00 X 0 0 0 Susan Walker Weiand Board Member 1.00 X 0 0 0 Tammy Nygard Board Member 1.00 X 0 0 0 Terry Daffinrud Board Member 1.00 X 0 0 0 Terry Kraft Board Member 1.00 X 0 0 0 Thomas Atkinson Board Member 1.00 X 0 0 0 Todd Schaffer Board Member 1.00 X 0 0 0 Tricia Schlosser Board Member 1.00 X 0 0 0 Zac Weis Board Member (Until Sep 25) 1.00 X 0 0 0 Rebecca Collins NV Secretary-Treasurer (Until May 26) 1.00 X 0 0 0 Daniel Leingang NV-President of BSC (Until Apr 26) 1.00 X 0 0 0 Brian Kalk NV-President of BSC (As of Apr 26) 1.00 X 0 0 0 Kari Knudson NV Executive Director 40.00 X 175775 0 44849 175775 0 44849 1 0 0 1 0 48743 1677914 5475204 161986 7201861 Student Housing 532000 405481 405481 Other Revenue 900099 19094 19094 424575 1707894 1707894 467088 467088 14877409 13104294 1773115 1773115 1773115 202019 48743 37441 164578 164578 11739111 424575 0 4112675 11390177 11390177 1539698 1539698 413451 73512 157581 182358 48146 1105 47041 239419 239419 40167 6931 3693 29543 15450 12780 890 1780 4863 208 358 4297 8878 1091 1867 5920 162212 162212 448050 434701 4450 8899 70911 47361 8114 15436 General Fundraising Cam 110635 110635 Pledge Adjustments 109166 109166 Development 19448 19448 Dues & Subscriptions 5936 197 2826 2913 8816 99 8397 320 14635423 13798686 474636 362101 703268 595253 4074826 2129739 14434 28200 418629 378754 57192 66012 20380572 6954469 12175617 13426103 45446095 51208311 274719 293089 8180283 8159279 71345063 76284740 300940 2753438 8000 29126 82426 110987 3882948 3662228 0 1353849 3568897 3511933 7843211 11421561 X 10236494 7909680 53265358 56953499 63501852 64863179 71345063 76284740 X -2896312 3587683 669956 X 0 1 X 1 0 X 4217455 3735961 10426247 4063244 7201861 29644768 4217455 3735961 10426247 4063244 7201861 29644768 7139137 22505631 1371326 1376620 2795659 2431337 2174982 10149924 7740 7740 39802432 2389928 0.56540 0.54760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52265 X Study of Art Appreciation 0 41694905 3783786 5840282 1089215 50229758 38076710 1015502 3583122 980429 41694905 28620420 6873759 3258745 676214 38076710 25879649 1110997 1932606 302832 28620420 26331170 3518653 -3373412 596762 25879649 0.06060 0.67290 0.26650 0 0 192000 1698608 1890608 17627062 6609981 11017081 169160 151988 17172 960 692782 192500 501242 13426103 Art Collection 52265 Beneficial Interest in Perpetual Trust 1758592 Investments Held in Trust 6196746 Other Assets 59539 Operating Lease Right of Use Asset 88296 Due From Alumni Association 3841 8159279 Unitrust Payments Due Grantors 2976254 Unitrust Remainder Due Shared Beneficiaries 39579 Charitable Lead Trust Due Grantors 137204 Annuities Payable 270547 Lease Liability 88349 3511933 X 16357535 3587683 413336 856824 4857843 11499692 239419 239419 11739111 14826329 413336 16989 430325 14396004 239419 239419 14635423 Part III, Line 4: The Foundation maintains a collection of drawings, medallions, and books, as well as some Pre-Columbian art which was donated to the Foundation over 20 years ago. The Foundation uses the collection in the study of art appreciation. Part V, Line 4: Endowment funds are used to fund programs at Bismarck State College, including scholarships and grants. From time to time, certain donor-restricted endowment funds may have fair values less than the amount required to be maintained by donors or by law (underwater endowments). The Foundation has interpreted UPMIFA to permit spending from underwater endowments in accordance with prudent measures required under law. At June 30, 2026, funds with original gift values of $10,093, fair values of $8,293, and deficiencies of $1,800 were reported in net assets with donor restrictions. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefit and liability in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in Value of Split Interest Agreements 651,575. Revenue From Alumni Association 186,868. Change in Life Insurance Value 18,381. Part XII, Line 2d - Other Adjustments: Expenses from Alumni Association 16,989. Rodeo Gala 128139 43940 84199 10510 400 2243 Moose Tag Auction 52000 52000 5200 3 70623 4803 65820 1550 8732 754 200 7852 250762 48743 202019 1550 8732 11264 600 15295 37441 164578 1 Bismarck State College PO Box 5587 Bismarck ND 58506 450343495 Bismarck State Coll. 10977551 398426 FMV In-kind donations for BSC programs Support for general operations and programming Delta Waterfowl Puddle Jumper Chapter 1412 Basin Ave Bismarck ND 58504 530259796 501(c)(3) 5200 0 Support for general operations and programming Mystic Athletic Club 1500 Edwards Ave Bismarck ND 58506 203293439 501(c)(3) 9000 0 Support for general operations and programming 3 0 Scholarships paid to Bismarck State College for BSC Students 883 1450393 BSC Student Recognition Awards 106 5700 8896 Actual cost PTK membership Dues, certificates/folders, food, programs BSC Employee Recognition Awards 205 15672 14324 Actual cost Programs, decorations, entertainment and food Jack Fellowship 1 25000 Scholarships paid to North Dakota State University for scholarships of graduates of BSC 1 2000 Scholarships paid to Concordia College for scholarships of graduates of BSC 2 3000 Scholarships paid to Dickinson State University for scholarships of graduates of BSC 1 2000 Scholarships paid to University of Mary for scholarships of graduates of BSC 4 6000 Project Care assistance to students in need - exam registration fees 1 120 Scholarships paid to Idaho State University for scholarships of graduates of BSC 1 3000 Scholarships paid to Tulane University for scholarships of graduates of BSC 1 1000 Scholarships paid to University of North Dakota for scholarships of graduates of BSC 1 1000 Project Care assistance to students in need - bus passes 3 120 Project Care assistance to students in need - Emergency/Disaster relief - food and supplies 2 622 Project Care assistance to students in need - Rent assistance 1 700 Project Care assistance to students in need - Educational supplies 1 151 Part I, Line 2: Bismarck State College's business office monitors the use of the grants and scholarships. Part III, Column (b): The number of recipients is based on the actual listing of students or employees that received grants or assistance. X 1 1 0 0 0 0 0 0 0 0 0 Kari Knudson NV Executive Director 175775 0 0 0 0 0 23362 0 22112 0 221249 0 0 0 Part I, Line 1a The Foundation pays for the Rotary Club dues for the Executive Director. The Rotary Club dues were not included in taxable income. Part II: The Executive Director is paid by an unrelated company, Bismarck State College, for services as the Executive Director for Bismarck State College Foundation. Total compensation paid to Kari Knudson by the unrelated company is noted above. A City of Washburn 456002183 2007-04-10 7944818 Construction of single facility 0 0 0 B City of Center 456004957 2014-10-28 5250000 Construction of two residence halls 0 0 0 A 7566064 7944818 131698 7813120 2008 0 0 1 1 B 1952435 5250000 15638 5234362 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 0 B 0 Schedule K Part II, Line 3C: The project related to this bond issue was started in 2014; proceeds spent equal the issue price. Construction was completed in June 2016. 1750 Scholarships X 3 38200 Selling price X Equip/Materials & Supplies 20 78179 Selling Price X Silent and live auction items 1 43940 Retail Prices X Food 2 1667 Selling Price 0 0 1 1 Part I, Column (b): Number of contributions is the number listed in Part I (b) for Equip/Materials & Supplies, and Food. Number of items contributed is the number listed in Part I (b) for Cars and other vehicles. Part I, Line 32b: The Organization may retain the services of a board member who is a real estate agent to assist in the sale of donated property. Form 990, Part VI, Section A, line 1a The Executive Committee shall consist of the officers of the Board, the President of BSC, and the Executive Director, both ex-officio, non-voting. The Executive Committee shall have power to hold meetings at such times and places as it deems advisable and to take such action as may be necessary or proper to carry out the purposes of the Foundation. Excepting matters which the Board of Trustees is required to act actions by the Executive Committee shall have the authority of the Board of Trustees. The Committee has the authority to review, make modifications to and recommend approval of the proposed Foundation annual fiscal year budget. The Committee shall forward the recommended proposed budget to the Board of Trustees for final approval. The Committee shall also be authorized to review, modify, reject or recommend approval of any proposed amendments to the approved fiscal year budget. The Committee shall forward any recommended budget changes to the Board of Trustees for final approval. The Executive Committee shall also serve as the Audit Committee for the Foundation. As such, it shall review and approve the annual audit and Management Letter. Form 990, Part VI, Section A, line 2 Stacy Tschider and Loren Kopseng have a business relationship. Brian Kalk, Daniel Leingang, Rebecca Collins, and Kari Knudson have a business relationship with each other and with Marlene Anderson, Mike Holman, Jason Lueder, and Sara Vollmer. Glenn Bosch and Terry Daffinrud have a business relationship. Marby Hogen and Loren Kopseng have a family relationship. Rob Koppinger and Chad Wachter have a business relationship. Lee Weisbeck and Curt Walth have a business relationship. Sarah Getzlaff and Alexis Baxley have a business relationship. Reed Reyman, Todd Schaffer, and Melissa Hauer have a business relationship. Cam Knutson, Chad Wachter, and Lee Weisbeck have a business relationship with Todd Schaffer. Andy Miller and Todd Schaffer have a business relationship. Form 990, Part VI, Section B, line 11b The Public Disclosure copy of the Form 990 is available for review by the full Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The policy covers all board members and foundation employees. The conflict of interest statements are completed and reviewed annually. The Executive Director, and Controller review the statements to determine whether a conflict exists. Conflicts would be reviewed by the Executive Director and depending on the situation, the board member is not allowed to vote on anything that involves the related entity or relationship. Form 990, Part VI, Section B, line 15 Kari Knudson is paid by an unrelated organization. The Human Resource Director of the unrelated organization gathers compensation information based upon a North Dakota Colleges survey (state and regional). An independent committee (Executive Council of the College) establishes the compensation and the results are documented in an employment contract. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Form 990, Part XI, line 9: Change in Life Insurance Value 18,381. Change in Value of Split Interest Agreements 651,575. Student Housing LLC PO Box 5587 Bismarck ND 585065587 471109872 Residential Real Estate Rental ND 390246 4270284 Bismarck State College Foundation Property Holdings LLC PO Box 5587 Bismarck ND 585065587 471677740 Commercial Real Estate Rental ND 25 1731698 Bismarck State College Foundation Bismarck State College National Alumni Association PO Box 5587 Bismarck ND 585065587 363291146 Support Bismarck State College ND 501(c)(3) Line 7 Bismarck State College Foundation 1 Charitable Remainder Unitrusts (9) Charitable Trust ND N/A T 1 Charitable Lead Trusts (2) Charitable Trust ND N/A T 1 Perpetual Trust (1) Charitable Trust ND N/A T 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1