Williston State College Foundation

Organization Overview

Williston State College Foundation is located in Williston, ND. The organization was established in 1963. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Williston State College Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williston State College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Williston State College Foundation generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Williston State College Foundation has awarded 18 individual grants totaling $20,073,124. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND SUPPORT WILLISTON STATE COLLEGE IN WILLISTON, NORTH DAKOTA.

Describe the Organization's Program Activity:

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 $1,446,603, AND RELATED EXPENSES WERE $1,943,671. THIS PROGRAM RENTAL ACTIVITY IS PRESENTED ON FORM 990 IN SECTION VIII, LINES 6A AND 6B.


THE FOUNDATION MAKES CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS THAT PROVIDE SUPPORT TO THE WILLISTON, NORTH DAKOTA AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Hunter Berg
Executive Director
$146,038
Laurie Furuseth
CFO
$59,082
Ward Koeser
President
$0
Larry Grondahl
Vice President
$0
Katie Kringen
Secretary/treasurer
$0
Rick Medalen
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,825,489
Noncash contributions included in lines 1a–1f $586,000
Total Revenue from Contributions, Gifts, Grants & Similar$6,825,489
Total Program Service Revenue$0
Investment income $9,508
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$475,068
Net Gain/Loss on Asset Sales $196,154
Net Income from Fundraising Events $0
Net Income from Gaming Activities $563,164
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,223,320

Grants Awarded

Over the last fiscal year, Williston State College Foundation has awarded $2,790,361 in support to 3 organizations.

Grant RecipientAmount

WILLISTON STATE COLLEGE

PURPOSE: STUDENT SCHOLARSHIPS, COLLEGE INFRASTRUCTURE AND PROGRAM SUPPORT.

$2,773,061

BRAS FOR A CAUSE WILLISTON ND

Org PageRecipient Profile

Williston, ND

PURPOSE: PROVIDE AID AND RELIEF TO WILLISTON COMMUNITY MEMBERS

$11,800

TETON BOOSTER CLUB

Org PageRecipient Profile

Williston, ND

PURPOSE: IMPROVEMENTS TO BASEBALL FIELD

$5,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Williston State College Foundation has recieved totaling $239.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$239
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$24,709,905
Earnings-$137,680
Net Contributions$5,250
Grants$2,248,189
Ending Balance$22,329,286

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