Civic Intelligence

Dsu Heritage Foundation

EIN 47-5378716 • 501(c)3 • Dickinson, ND

Profile

To stimulate and foster an active interest by alumni and friends that encourages participation in the support of the University. Create and maintain a consistent flow of funds to achieve our vision. Secure, manage, and disburse private funds for the benefit of the students and the University.

230 8th Ave WDickinson, ND 58601-4819

www.dsuheritagefoundation.org

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.03x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

27%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,985,537

Up $4,146,790 (+15%) from 2023

Liabilities

Up

$209,259

Up $126,915 (+154%) from 2023

Net Assets

Up

$30,776,278

Up $4,019,875 (+15%) from 2023

Revenue

Up

$7,740,611

Up $1,632,286 (+27%) from 2023

Expenses

Down

$5,194,277

Down $857,514 (-14%) from 2023

Net Income

Up

$2,546,334

Up $2,489,800 (+4404%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2016: $1,851,530Liabilities 2016: $778,881Net Assets 2016: $1,072,6492016Assets 2017: $4,565,726Liabilities 2017: $1,157,275Net Assets 2017: $3,408,4512017Assets 2018: $10,148,797Liabilities 2018: $305,949Net Assets 2018: $9,842,8482018Assets 2019: $9,196,455Liabilities 2019: $286,523Net Assets 2019: $8,909,9322019Assets 2020: $11,391,161Liabilities 2020: $87,429Net Assets 2020: $11,303,7322020Assets 2021: $12,984,247Liabilities 2021: $53,750Net Assets 2021: $12,930,4972021Assets 2022: $25,913,941Liabilities 2022: $59,940Net Assets 2022: $25,854,0012022Assets 2023: $26,838,747Liabilities 2023: $82,344Net Assets 2023: $26,756,4032023Assets 2024: $30,985,537Liabilities 2024: $209,259Net Assets 2024: $30,776,2782024

Highlighted filing

2024

Assets$30,985,537
Liabilities$209,259
Net Assets$30,776,278

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2016: $1,888,600Expenses 2016: $815,951Net Income 2016: $1,072,6492016Revenue 2017: $3,449,834Expenses 2017: $1,114,032Net Income 2017: $2,335,8022017Revenue 2018: $7,068,110Expenses 2018: $1,408,886Net Income 2018: $5,659,2242018Revenue 2019: $2,263,985Expenses 2019: $1,183,587Net Income 2019: $1,080,3982019Revenue 2020: $4,084,767Expenses 2020: $1,668,497Net Income 2020: $2,416,2702020Revenue 2021: $2,503,848Expenses 2021: $2,038,735Net Income 2021: $465,1132021Revenue 2022: $17,360,478Expenses 2022: $2,418,352Net Income 2022: $14,942,1262022Revenue 2023: $6,108,325Expenses 2023: $6,051,791Net Income 2023: $56,5342023Revenue 2024: $7,740,611Expenses 2024: $5,194,277Net Income 2024: $2,546,3342024

Highlighted filing

2024

Revenue$7,740,611
Expenses$5,194,277
Net Income$2,546,334

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$19,252,358
Mission and Program Overview

Mission

Stimulate and foster support for dickinson state university by securing, managing, and disbursing funds to benefit the university and its students.

Secure, manage, & disburse funds to stimulate & foster support for dickinson state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,126,800$26,014,853▲ $2,888,053
Pledges and Grants Receivable$2,087,312$3,468,574▲ $1,381,262
Land, Buildings, and Equipment, Net$669,919$647,694▼ $22,225
Cash and Non-Interest-Bearing Accounts$514,371$419,511▼ $94,860
Accounts Receivable$50,512$54,647▲ $4,135
Prepaid Expenses and Deferred Charges$11,693$11,693→ $0
Other Notes and Loans Receivable, Net$9,575--
Inventories for Sale or Use$6,178$6,178→ $0
Total Assets$26,838,747$30,985,537▲ $4,146,790
Other Assets Total$362,387$362,387→ $0
Liabilities
Accounts Payable and Accrued Expenses$82,344$209,259▲ $126,915
Total Liabilities$82,344$209,259▲ $126,915
Net Assets / Fund Balance
Net Assets With Donor Restrictions$22,027,029$27,785,730▲ $5,758,701
Net Assets Without Donor Restrictions$4,729,374$2,990,548▼ $1,738,826
Total Net Assets Fund Balance$26,756,403$30,776,278▲ $4,019,875
Total Liabilities and Net Assets / Fund Balance$26,838,747$30,985,537▲ $4,146,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$487,514$165,386$652,900
Land$107,100-$107,100
Other Land Buildings$33,444$6,556$40,000
Equipment$19,636$5,585$25,221

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$18,760,847$2,826,867▲ $1,889,198-$21,961,463
2022$16,344,635$1,183,853▲ $1,669,788-$18,760,847
2021$9,552,225$9,484,111▼ $2,213,851-$16,344,635
2020$7,696,786$717,897▲ $1,477,711-$9,552,225
2019$6,394,027$1,473,113▲ $143,777-$7,696,786
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ty OrtonExecutive DirectorFT$170,191$46,810$217,001

Board Members and Trustees

NameTitle
Vince ReepPast-president
Haylee CripePresident
Val MackVice President
Amber KuntzMember
Bob BaumannMember
Bruce DolezalMember
Dave MichaelsonMember
Deb ZillichMember
Dr Brian JespersonMember
Dr Tom ArnoldMember
Grant HauglandMember
Irene SchaferMember
Jim SchwartzMember
Klayton OltmannsMember
Mandie EricksonMember
Richard WardnerMember
Scott MolanderMember
Steve Butch GoodallMember
Susan AndersonMember
Terald BangMember
Dan WeberMember (from Mar)
Dodie BirdsallMember (until Jan)
Robert BollingerMember (until Jan)
Robert GreenMember (until Jan)
Dr Deb DragsethMember - Non-voting
Pete StantonMember - Non-voting
Steve EastonMember - Non-voting
Hank BiesiotSecretary
Steve PerdueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,710,385
Program Service Revenue
$503,868
Investment Income
$941,988
Other Revenue
$584,370
All Other Contributions
$4,626,608
Change in Net Assets
$2,546,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,740,607
Revenue Not Reported on Financial Statements
$4
Revenue Not Reported on Form 990
$1,914,675
Other Revenue Adjustments
$4
Total Revenue per Audited Statements
$9,655,282
Total Revenue per Form 990
$7,740,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,270,936
Other Expenses$1,539,851
Salaries, Compensation, and Employee Benefits$383,490
Total Fundraising Expense$93,437
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,270,936--$3,270,936
Current Officers, Directors, Trustees, and Key Employees$93,313$70,815$52,872$217,000
Other Expenses$533,504$174,757-$174,757
Other Salaries and Wages$71,593$54,332$40,565$166,490
Advertising-$157,156-$157,156
Fees for Service Investment Mgmnt Fees-$106,442-$106,442
Office Expenses-$94,210-$94,210
Information Technology-$81,790-$81,790
All Other Expenses-$73,422-$73,422
Fees for Services Accounting-$36,902-$36,902
Fees for Services Other-$27,696-$27,696
Occupancy-$21,219-$21,219
Depreciation Depletion-$20,312-$20,312
Travel-$15,389-$15,389
Insurance-$14,514-$14,514
Total Functional Expenses$3,969,346$1,131,494$93,437$5,194,277

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,281,790
Total Expenses per Form 990$5,194,277
Expenses per Audited Statements$5,194,275
Expenses Not Reported on Form 990$1,087,515
Expenses Not Reported on Financial Statements$2
Other Expense Adjustments$2
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dickinson State UniversityDickinson, ND-Other University Program Disbursements and Support$1,309,207
Dickinson State UniversityDickinson, ND-Student Scholarship Program$1,254,983
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$6,875,625
Gaming Direct Expenses$6,674,742
Fundraising Gross Income$302,547
Fundraising Direct Expenses$56,797
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue Hawk Rendezvous$112,946$78,594-$78,594
Yuletyme$109,944$70,559$8,750$61,809
Total Events$379,878$302,547$56,797$245,750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Dsu heritage foundation has an executive committee which consists of the president, vice president, secretary treasurer, and the president of dsu serving as an exofficio nonvoting member and any chairperson of the corporation who serve as the chairpersons of the corporation's standing committees. The executive committee acts in the capacity of the board of directors between board meetings. Any actions by the executive committee must be presented to the full board for ratification within two weeks of the action of the executive committee.

Form 990, Part VI, Section A, Line 2

George nodland and terrald bang have a family relationship.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed and presented to the financial committee. Once approved by the financial committee it is then reviewed at the executive committee board meeting. Once approved by the executive committee, the approved copy is presented to the full board for their review and approval prior to filing.

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

Dsu heritage foundation employees and board members are subject to the conflict of interest policy. Board members and employees report potential conflicts to the executive committee. Conflicts are reviewed by both the executive committee and the full board of directors. Individuals with conflicts abstain from making motions or voting on issues in which they have a conflict.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dsu Heritage Foundation
EIN
47-5378716
Phone
7014832486
Address
230 8TH AVE W, DICKINSON, ND 58601-4819

Signing Officer

Name
Ty Orton
Title
Executive Director
Phone
7014832486
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hayley Culver
Formed
2015
Legal Domicile
Nd
Voting Board Members
24
Independent Board Members
24
Employees
7
Volunteers
47

Preparer

Firm
Widmer Roel Pc
Address
4220 31ST AVE S, FARGO, ND 58104
Preparer
Tracee S Buethner CPA
Phone
7012376022
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -2.

Financial Statement Notes

PART III, LINE 4:

The foundation has several collections, which were acquired through contributions since the foundation's inception, that are not recognized as assets on the statement of financial position. The foundation's collections are made up of artifacts of historical significance, books, and art objects that are held for educational, research, scientific, and curatorial purposes. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Collection items are subject to a policy that requires them to be held by the foundation or returned by the donor.

PART V, LINE 4:

The foundation has established an endowment to provide a predictable stream of funding to programs and for scholarships supported by the endowment.

PART X, LINE 2:

The foundation is exempt from the payment of federal income taxes under section 501(c)(3) of the internal revenue code. The foundation 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 reasonable estimated. As of june 30, 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:

Fundraising expenses included in expenses on audit 56,797. Gaming expenses included in expenses on audit

PART XI, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING 4.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses included in expenses on audit 56,797. Gaming expenses included in expenses on audit 646,383.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING 2.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER (FROM MAR)
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IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt26MEMBER
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