Civic Intelligence

University of South Dakota Foundation

EIN 46-6018891 • 501(c)3 • Vermillion, SD

Profile

The mission of the university of south dakota foundation is to provide private resources for the university of south dakota to increase the excellence of its students' educational experience.

1110 N Dakota PO Box 5555Vermillion, SD 57069

www.onwardsd.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.05x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.48x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

7th percentile

$235,022

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

38th percentile

3.6%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

36%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$367,452,853

Up $12,642,696 (+3.6%) from 2023

Liabilities

Up

$18,319,092

Up $100,724 (+0.6%) from 2023

Net Assets

Up

$349,133,761

Up $12,541,972 (+3.7%) from 2023

Revenue

Up

$38,209,482

Up $10,037,680 (+36%) from 2023

Expenses

Up

$33,858,071

Up $2,205,530 (+7.0%) from 2023

Net Income

Up

$4,351,411

Up $7,832,150 (+225%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $163,461,720Liabilities 2010: $12,667,594Net Assets 2010: $150,794,1262010Assets 2011: $194,726,619Liabilities 2011: $10,668,729Net Assets 2011: $184,057,8902011Assets 2012: $191,013,116Liabilities 2012: $10,595,177Net Assets 2012: $180,417,9392012Assets 2013: $218,096,830Liabilities 2013: $12,629,190Net Assets 2013: $205,467,6402013Assets 2014: $251,595,767Liabilities 2014: $13,847,140Net Assets 2014: $237,748,6272014Assets 2015: $258,142,222Liabilities 2015: $14,710,425Net Assets 2015: $243,431,7972015Assets 2016: $258,034,955Liabilities 2016: $20,564,161Net Assets 2016: $237,470,7942016Assets 2017: $287,937,878Liabilities 2017: $19,497,347Net Assets 2017: $268,440,5312017Assets 2018: $274,381,578Liabilities 2018: $17,637,036Net Assets 2018: $256,744,5422018Assets 2019: $299,140,070Liabilities 2019: $18,953,962Net Assets 2019: $280,186,1082019Assets 2020: $352,818,128Liabilities 2020: $20,214,319Net Assets 2020: $332,603,8092020Assets 2021: $375,464,262Liabilities 2021: $20,854,868Net Assets 2021: $354,609,3942021Assets 2022: $334,981,490Liabilities 2022: $18,054,800Net Assets 2022: $316,926,6902022Assets 2023: $354,810,157Liabilities 2023: $18,218,368Net Assets 2023: $336,591,7892023Assets 2024: $367,452,853Liabilities 2024: $18,319,092Net Assets 2024: $349,133,7612024

Highlighted filing

2024

Assets$367,452,853
Liabilities$18,319,092
Net Assets$349,133,761

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $17,255,5122010Expenses 2011: $13,243,7372011Expenses 2012: $16,494,1482012Expenses 2013: $15,807,1042013Revenue 2014: $23,620,329Expenses 2014: $16,864,177Net Income 2014: $6,756,1522014Revenue 2015: $29,353,192Expenses 2015: $21,391,335Net Income 2015: $7,961,8572015Revenue 2016: $27,897,889Expenses 2016: $33,541,938Net Income 2016: -$5,644,0492016Revenue 2017: $28,201,530Expenses 2017: $22,079,972Net Income 2017: $6,121,5582017Revenue 2018: $23,358,295Expenses 2018: $21,434,272Net Income 2018: $1,924,0232018Revenue 2019: $28,430,716Expenses 2019: $27,316,176Net Income 2019: $1,114,5402019Revenue 2020: $49,591,248Expenses 2020: $22,065,023Net Income 2020: $27,526,2252020Revenue 2021: $26,429,631Expenses 2021: $21,833,254Net Income 2021: $4,596,3772021Revenue 2022: $26,328,274Expenses 2022: $25,290,294Net Income 2022: $1,037,9802022Revenue 2023: $28,171,802Expenses 2023: $31,652,541Net Income 2023: -$3,480,7392023Revenue 2024: $38,209,482Expenses 2024: $33,858,071Net Income 2024: $4,351,4112024

Highlighted filing

2024

Revenue$38,209,482
Expenses$33,858,071
Net Income$4,351,411

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$367$18.3$349$38.2$33.9$4.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$355$18.2$337$28.2$31.7$3.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$335$18.1$317$26.3$25.3$1.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$375$20.9$355$26.4$21.8$4.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$353$20.2$333$49.6$22.1$27.5
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$299$19.0$280$28.4$27.3$1.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$274$17.6$257$23.4$21.4$1.92
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$288$19.5$268$28.2$22.1$6.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$258$20.6$237$27.9$33.5$5.64
2015Detailed filing. Detailed filing data is available for this year.$258$14.7$243$29.4$21.4$7.96
2014Detailed filing. Detailed filing data is available for this year.$252$13.8$238$23.6$16.9$6.76
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$218$12.6$205$15.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$191$10.6$180$16.5
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$195$10.7$184$13.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$12.7$151$17.3
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 17, 2015
Return Version
2014v5.0
Gross Receipts
$49,942,051
Mission and Program Overview

Mission

To provide private resources for the university of south dakota to increase the excellence of its students' educational experience.

The university of south dakota foundation provides gifts, grants, and scholarships to or for the benefit of the university of south dakota. These funds are disbursed to usd students or departments based on financial need, qualifications, and/or in accordance with the donor's wishes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$164,105,880$162,065,241▼ $2,040,639
Investments Other Securities$51,605,667$52,973,424▲ $1,367,757
Savings and Temporary Cash Investments$17,066,860$22,149,619▲ $5,082,759
Pledges and Grants Receivable$16,118,580$18,083,616▲ $1,965,036
Land, Buildings, and Equipment, Net$884,294$1,138,362▲ $254,068
Prepaid Expenses and Deferred Charges$197,205$168,094▼ $29,111
Total Assets$251,595,767$258,142,222▲ $6,546,455
Other Assets Total$1,617,281$1,563,866▼ $53,415
Liabilities
Other Liabilities$13,459,467$14,296,802▲ $837,335
Accounts Payable and Accrued Expenses$387,673$413,623▲ $25,950
Total Liabilities$13,847,140$14,710,425▲ $863,285
Net Assets / Fund Balance
Permanently Rstr Net Assets$133,450,597$144,480,209▲ $11,029,612
Temporarily Rstr Net Assets$97,294,370$91,564,344▼ $5,730,026
Unrestricted Net Assets$7,003,660$7,387,244▲ $383,584
Total Net Assets Fund Balance$237,748,627$243,431,797▲ $5,683,170
Total Liabilities and Net Assets / Fund Balance$251,595,767$258,142,222▲ $6,546,455

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$701,796$640,459$1,342,255
Equipment$335,865$525,836$861,701
Land$100,701-$100,701
Other Securities$39,823,031--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$210,205,498$10,043,596▲ $8,395,211$3,454,979$216,099,991
2013$182,335,563$4,246,168▲ $35,416,857$3,783,140$210,205,498
2012$163,614,930$5,752,008▲ $23,243,031$1,623,877$182,335,563
2011$164,095,354$4,382,943▲ $4,471,306$1,576,744$163,614,930
2010$135,462,712$9,929,241▲ $32,303,544$5,018,981$164,095,354
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve BrownPresident and CEOFT$199,673$75,569$275,242
Field GloverCOO/vice PresidentFT$143,702$28,811$172,513
Karen DaviesCFO/vice PresidentFT$131,975$20,504$152,479
Michael MagoonSr. Director of PrincipalFT$119,749$16,568$136,317
Edgar StoreySr Director of DevelopmentFT$110,453$10,084$120,537

Board Members and Trustees

NameTitle
Daniel J KellyChair
Doyle KnudsonPast Chair
Lorraine HartVice Chair
Robert HollingsworthVice Chair-elect
Anthony ClebergBoard of Directors
Boyd HopkinsBoard of Directors
Cathleen TobinBoard of Directors
Charles FullertonBoard of Directors
Daniel MeyerBoard of Directors
David CullenBoard of Directors
David OlsonBoard of Directors
Ellengray KennedyBoard of Directors
Gary BegemanBoard of Directors
Gary EllisBoard of Directors
Jared HigmanBoard of Directors
Jeffrey SveenBoard of Directors
John GrundhoferBoard of Directors
Marlon YoungBoard of Directors
Michael CaseyBoard of Directors
Nancy a GallagherBoard of Directors
Paul J LewisBoard of Directors
Steve PfeifferBoard of Directors
William WittrigBoard of Directors
Joann KunkelBoard of Directors (beg Oct 2014)
Steve SchachtBoard of Directors (beg Oct 2014)
Jeannette PorterBoard of Directors (until Oct 2014)
Thomas L HeinzBoard of Directors (until Oct 2014)
Vern O HolterTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Adage Capital PartnersInvestment Management Fees200 CLARENDON STREET, Boston, MA 02116$518,042
Ruffalo Noel Levitz LLCPhone Center Management1025 KIRKWOOD PARKWAY SW, Cedar Rapids, IA 52404$241,651
Blackstone GroupInvestment Management Fees345 PARK AVE 32ND FLOOR, New York, NY 10154$117,591
Mcgladrey LLPInformation Technology Consulting1252 BELL VALLEY RD 300, Rockford, IL 61108$111,074
Revenue and Support

Revenue Composition

Contributions and Grants
$18,961,290
Program Service Revenue
$896,807
Investment Income
$9,267,183
Other Revenue
$227,912
All Other Contributions
$18,761,651
Change in Net Assets
$7,961,857

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded56$739,197Avg of High/low Mkt Pric
Other Non Cash Contri Table129$80,323Sale of Comparable I
Works of Art2$46,350Appraisal & Expert Opini
Other Non Cash Contri Table1$37,500Appraisal
Other Non Cash Contri Table1$2,534DONOR'S ESTIMATE
Books and Publications-$1,165Expert Opinion
Total Noncash Contributions189$907,069-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,353,192
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,255,778
Total Revenue per Audited Statements
$27,097,414
Total Revenue per Form 990
$29,353,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,683,399
Salaries, Compensation, and Employee Benefits$2,923,139
Other Expenses$2,543,146
Total Fundraising Expense$2,424,767
Professional Fundraising Fees$241,651

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$15,683,399--$15,683,399
Other Salaries and Wages-$1,104,207$856,984$1,961,191
Fees for Service Investment Mgmnt Fees-$670,883-$670,883
Travel-$52,391$417,715$470,106
Current Officers, Directors, Trustees, and Key Employees-$338,139$114,647$452,786
Fees for Services Professional Fundraising--$241,651$241,651
Other Employee Benefits-$134,098$105,511$239,609
Occupancy-$88,453$90,820$179,273
Payroll Taxes-$105,816$72,695$178,511
Fees for Services Other-$103,188$69,874$173,062
Conferences and Meetings-$130,576$31,295$161,871
Information Technology-$118,476$3,894$122,370
Depreciation Depletion-$67,692$45,128$112,820
Pension Plan Contributions-$50,483$40,559$91,042
Advertising-$76,256$13,386$89,642
Office Expenses-$64,053$21,674$85,727
Fees for Services Legal-$50,164$80$50,244
Fees for Services Accounting-$36,358-$36,358
All Other Expenses-$2,705$15,089$17,794
Insurance-$11,839$4,341$16,180
Other Expenses-$64,415$8,615$8,615
Total Functional Expenses$15,683,399$3,283,169$2,424,767$21,391,335

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,414,244
Expenses per Audited Statements$21,391,335
Total Expenses per Form 990$21,391,335
Expenses Not Reported on Form 990$22,909
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of South DakotaVermillion, SD501(c)(3)SCHOLARSHIPS ($7,140,871), BUILDING/FACILITIES ($5,874,209), AND OPERATIONAL/PROGRAMATIC ($2,538,307).$15,465,839
South Dakota State UniversityBrookings, SD501(c)(3)Scholarships$46,000
South Dakota Medical School Endowment AssociationSioux Falls, SD501(c)(3)Student Loans$27,191
Sanford School of Medicine Usd Residency CorporationSioux Falls, SD501(c)(3)Program Support$16,914
The Fund for Advancement of Medical Education and ResearchSioux Falls, SD501(c)(3)Program Support$9,618
Dakota State UniversityMadison, SD501(c)(3)Scholarships$9,500
Black Hills PlayhouseRapid City, SD501(c)(3)SCHOLARSHIPS ($6,677) AND BUILDING & EQUIPMENT ($611)$7,288

International Summary

Offices
0
Employees
0
Spending
$396,371

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeInvestments-00$396,371
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$241,651
Fundraising Direct Expenses$61,048
Fundraising Gross Income$56,015

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Calling All Coyotes Auction$255,654$56,015$12,066$43,949
Total Events$255,654$56,015$61,048$-5,033
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investments Held for Others$12,416,446
Gift Annuities and Life Income Agreements$1,880,356
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The executive committee consists of the chair, vice-chair, vice-chair elect, immediate past-chair and two members designated by the foundation chair from among the elected and appointed members of the board of directors at the beginning of the chair's term and approved by the board of directors. The foundation president and the foundation's legal counsel shall be ex-officio non-voting members of the committee. The executive committee has broad authority to act on behalf of the board between board meetings and in all situations except those reserved to the board and those specified in the bylaws. Approval of authority to act for unusual transactions (i.e. Purchase/sale of property) is received from the board of directors prior to the actions. Approval of normal business actions is received from the board of directors after the committee has acted.

Form 990, Part VI, Section A, Line 4

The board of trustees amended the by-laws. A vice-chair-elect position was added to the officers with voting rights. The ex-officio voting members category was eliminated. The secretary/treasurer and immediate past chair retain membership on the board and voting rights as officers of the organization.

Form 990, Part VI, Section B, Line 11

Management reviews the 990 in detail, after which the 990 is provided to each board member electronically and approved by the board prior to filing.

Form 990, Part VI, Section B, Line 12C

The policy applies to board members, officers and committee members. New individuals sign a conflict of interest statement upon appointment or election. Continuing individuals are required to sign a conflict of interest statement every year. They are asked to notify the foundation immediately if a conflict arises in the interim. The statements are reviewed by the director of administration and the ceo. The ceo provides a report of the process & results to the audit committee. Any conflicts would result in requiring the specified board member to excuse themselves from a vote that involves the conflict.

Form 990, Part VI, Section B, Line 15A

The executive board determines the compensation and benefits for the ceo. Wage and benefit adjustments for the ceo are determined annually by this committee. The committee gathers salary information from employment surveys to use for comparison. Compensation for the cfo is determined by the ceo.

Form 990, Part VI, Section C, Line 19

The financial statements are available on the website. All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
University of South Dakota Foundation
EIN
46-6018891
Phone
6056776703
Address
1110 N DAKOTA PO BOX 5555, VERMILLION, SD 57069

Signing Officer

Name
Steve Brown
Title
President and CEO
Phone
6056776703
Signed
2015-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Brown
Formed
1928
Legal Domicile
Sd
Voting Board Members
26
Independent Board Members
26
Employees
44
Volunteers
102

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in gift annuities & deferred gifts 57,752. Net assets released from restrictions 61,048.

Financial Statement Notes

PART III, LINE 4:

Artwork received by the foundation has been gifted for the benefit of the university of south dakota. Unless instructed otherwise by the donor, ownership is transferred to the university of south dakota to be included in their collections and used for research, display and preserved for future generations under their policies.

PART V, LINE 4:

The foundation attempts to provide a predictable stream of funding to usd programs and scholarships supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Appropriations are made annually, based on a distribution that is carefully reviewed by the board of directors. The appropriations are used for the purposes as defined in the agreement between the foundation and donor on the underlying endowment.

PART X, LINE 2:

The internal revenue service (irs) has ruled that the organization is a publicly supported organization exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The organization is required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The organization files an exempt organization business income tax return (form 990-t) with the irs to report its unrelated business taxable income. In addition, the organization is subject to tax filings required by various state tax authorities. The llc and llc2 are single member llc's, thus considered by the irs to be disregarded entities that are not subject to separate filing requirements. The organization 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 consolidated financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. The organization's form 990-t and other income tax filings required by state tax authorities are generally no longer subject to tax examinations for years before 2009.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses included with rental income 22,909. Change in annuities and deferred gifts 57,752. Net assets released from restrictions 61,048.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses included with rental income 22,909.

Raw XML AppendixShowing 400 of 1,128 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0387673
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0413623
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE UNIVERSITY OF SOUTH DAKOTA FOUNDATION PROVIDES GIFTS, GRANTS, AND SCHOLARSHIPS TO OR FOR THE BENEFIT OF THE UNIVERSITY OF SOUTH DAKOTA. THESE FUNDS ARE DISBURSED TO USD STUDENTS OR DEPARTMENTS BASED ON FINANCIAL NEED, QUALIFICATIONS, AND/OR IN ACCORDANCE WITH THE DONOR'S WISHES.
IRS990/AdvertisingGrp/FundraisingAmt013386
IRS990/AdvertisingGrp/ManagementAndGeneralAmt076256
IRS990/AdvertisingGrp/TotalAmt089642
IRS990/AllOtherContributionsAmt018761651
IRS990/AllOtherExpensesGrp/FundraisingAmt015089
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02705
IRS990/AllOtherExpensesGrp/TotalAmt017794
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN DAVIES
IRS990/BooksInCareOfDetail/PhoneNum06056776709
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0USD FOUNDATION PO BOX 5555
IRS990/BooksInCareOfDetail/USAddress/CityNm0VERMILLION
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057069
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd01
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd01
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0114647
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0338139
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0452786
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt031295
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0130576
IRS990/ConferencesMeetingsGrp/TotalAmt0161871
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0518042
IRS990/ContractorCompensationGrp/CompensationAmt1241651
IRS990/ContractorCompensationGrp/CompensationAmt2117591
IRS990/ContractorCompensationGrp/CompensationAmt3111074
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0200 CLARENDON STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11025 KIRKWOOD PARKWAY SW
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2345 PARK AVE 32ND FLOOR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt31252 BELL VALLEY RD 300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CEDAR RAPIDS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3ROCKFORD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NY
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IRS990/Desc0PROVIDE SCHOLARSHIP FUNDS TO INCREASE THE ACADEMIC EXCELLENCE OF THE STUDENT BODY AND THE QUALITY OF THEIR EDUCATIONAL EXPERIENCE. SCHOLARSHIPS ARE AWARDED FOR BOTH RECRUITING AND RETENTION PURPOSES. A NEW FRESHMAN RECRUITING SCHOLARSHIP PROGRAM WAS STARTED IN 2003 THAT HAS BEEN INSTRUMENTAL IN HELPING TO ACCOMPLISH USD'S ENROLLMENT OBJECTIVES. THE AMOUNT OF SCHOLARSHIPS PROVIDED SINCE THIS NEW PROGRAM BEGAN HAS INCREASED FROM $1.9 MILLION TO $7.2 MILLION. DURING THIS PERIOD OF TIME THE NUMBER OF FIRST TIME FULL TIME FRESHMAN INCREASED BY 21% AND THE NUMBER OF FRESHMAN FITTING THE ACT REQUIREMENTS TO RECEIVE THE SCHOLARSHIP INCREASED BY 31%. THE RETENTION RATE ALSO CONTINUES TO INCREASE AS A RESULT OF THE FRESHMAN SCHOLARSHIP PROGRAM.
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IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID CULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm9GARY ELLIS
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IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD OF DIRECTORS
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IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD OF DIRECTORS (UNTIL OCT 2014)
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IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD OF DIRECTORS (BEG OCT 2014)
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IRS990/Form990PartVIISectionAGrp/TitleTxt30SR. DIRECTOR OF PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt31SR DIRECTOR OF DEVELOPMENT
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