North Dakota State University Foundation and Alumni Association

Transcription

1 North Dakota State University Foundation and Alumni Assoiation 06 Return of Organization Exempt from Tax (Form 990) 06 Exempt Organization Business Inome Tax Return (Form 990-T) Year-End Deemer, 06 Puli Dislosure Copy STATEMENT THAT THIS IS A TA RETURN NOT A FINANCIAL STATEMENT The aompanying federal inome tax return does NOT onstitute a finanial statement. We have not audited, reviewed or ompiled the aompanying inome tax return and, aordingly, do not express an opinion or any other form of assurane on it. An inome tax return is not intended to onstitute finanial statements prepared in aordane with generally aepted aounting priniples. Aordingly, it does not neessarily inlude all finanial information or dislosures required y generally aepted aounting priniples. If the omitted finanial information or dislosures were inluded with the tax return, they might influene the users onlusions aout the taxpayer s finanial position, results of operations and ash flows. Aordingly, this inome tax return is not designed to e used in lieu of finanial statements. RECORD RETENTION Copies of your tax returns are enlosed for your files. It is your responsiility to retain opies of your tax information. We reommend the following guidelines: Tax returns keep indefinitely. Supporting doumentation keep for 8 years. Reords supporting your tax asis in personal, investment and usiness assets and gift doumentation keep indefinitely. Please note: Eide Bailly retains opies of tax returns, workpapers and other tax information for a period of eight years. After that, we dispose of all reords. If you have questions regarding retention of tax reords, please ontat us.

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3 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Part III Statement of Program Servie Aomplishments 4 4a Chek if Shedule O ontains a response or note to any line in this Part III Briefly desrie the organization s mission: The North Dakota State University Foundation and Alumni Assoiation reates opportunities to advane eduation, researh, and servie at NDSU. We work in lose ollaoration with faulty, staff, students and alumni, along with usiness, industry and the ommunity to est Did the organization undertake any signifiant program servies during the year whih were not listed on the prior Form 990 or 990-EZ? If "Yes," desrie these new servies on Shedule O. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization ease onduting, or make signifiant hanges in how it onduts, any program servies? ~~~~~~ If "Yes," desrie these hanges on Shedule O. Desrie the organization s program servie aomplishments for eah of its three largest program servies, as measured y expenses. Setion 50()() and 50()(4) organizations are required to report the amount of grants and alloations to others, the total expenses, and Yes Yes Page revenue, if any, for eah program servie reported. ( Code: ) ( Expenses $ 6,86,797. inluding grants of $ 6,86,797. ) ( Revenue $ ) Grants to NDSU for uildings, equipment, researh, letures, faulty development, supplies, travel and other departmental needs and ativities not funded through state appropriations or student tuition fees. No No 4,77,4.,77,4. Sholarships and awards to students enrolled at North Dakota State University seleted y independent sholarship ommittees. ( Code: ) ( Expenses $ inluding grants of $ ) ( Revenue $ ) 4 76, ,. Alumni reords, newsletters and speial events suh as Homeoming, ity alumni/student exhanges. Sponsor University programs suh as Harvest Bowl and Celeration of Exellene. ( Code: ) ( Expenses $ inluding grants of $ ) ( Revenue $ ) 4d 4e Other program servies (Desrie in Shedule O.) ( Expenses $ inluding grants of $ ) ( Revenue $ ) Total program servie expenses ,84,080. Form 990 (06)

4 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Part IV Cheklist of Required Shedules a a d e f Is the organization desried in setion 50()() or 4947(a)() (other than a private foundation)? If "Yes," omplete Shedule A~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Is the organization required to omplete Shedule B, Shedule of Contriutors? ~~~~~~~~~~~~~~~~~~~~~~ Did the organization engage in diret or indiret politial ampaign ativities on ehalf of or in opposition to andidates for puli offie? If "Yes," omplete Shedule C, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Setion 50()() organizations. Did the organization engage in loying ativities, or have a setion 50(h) eletion in effet during the tax year? If "Yes," omplete Shedule C, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Is the organization a setion 50()(4), 50()(5), or 50()(6) organization that reeives memership dues, assessments, or similar amounts as defined in Revenue Proedure 98-9? If "Yes," omplete Shedule C, Part III ~~~~~~~~~~~~~~ Did the organization maintain any donor advised funds or any similar funds or aounts for whih donors have the right to provide advie on the distriution or investment of amounts in suh funds or aounts? If "Yes," omplete Shedule D, Part I Did the organization reeive or hold a onservation easement, inluding easements to preserve open spae, the environment, histori land areas, or histori strutures? If "Yes," omplete Shedule D, Part II~~~~~~~~~~~~~~ Did the organization maintain olletions of works of art, historial treasures, or other similar assets? If "Yes," omplete Shedule D, Part III ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report an amount in Part, line, for esrow or ustodial aount liaility, serve as a ustodian for amounts not listed in Part ; or provide redit ounseling, det management, redit repair, or det negotiation servies? If "Yes," omplete Shedule D, Part IV ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization, diretly or through a related organization, hold assets in temporarily restrited endowments, permanent endowments, or quasi-endowments? If "Yes," omplete Shedule D, Part V ~~~~~~~~~~~~~~~~~~~~~~~~ If the organization s answer to any of the following questions is "Yes," then omplete Shedule D, Parts VI, VII, VIII, I, or as appliale. Did the organization report an amount for land, uildings, and equipment in Part, line 0? If "Yes," omplete Shedule D, Part VI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report an amount for investments - other seurities in Part, line that is 5% or more of its total assets reported in Part, line 6? If "Yes," omplete Shedule D, Part VII ~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report an amount for investments - program related in Part, line that is 5% or more of its total assets reported in Part, line 6? If "Yes," omplete Shedule D, Part VIII ~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report an amount for other assets in Part, line 5 that is 5% or more of its total assets reported in Part, line 6? If "Yes," omplete Shedule D, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report an amount for other liailities in Part, line 5? If "Yes," omplete Shedule D, Part ~~~~~~ Did the organization s separate or onsolidated finanial statements for the tax year inlude a footnote that addresses the organization s liaility for unertain tax positions under FIN 48 (ASC 740)? If "Yes," omplete Shedule D, Part ~~~~ Did the organization otain separate, independent audited finanial statements for the tax year? If "Yes," omplete Shedule D, Parts I and II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Was the organization inluded in onsolidated, independent audited finanial statements for the tax year? If "Yes," and if the organization answered "No" to line a, then ompleting Shedule D, Parts I and II is optional ~~~~~ Is the organization a shool desried in setion 70()()(A)(ii)? If "Yes," omplete Shedule E ~~~~~~~~~~~~~~ 4a Did the organization maintain an offie, employees, or agents outside of the United States? ~~~~~~~~~~~~~~~~ Did the organization have aggregate revenues or expenses of more than $0,000 from grantmaking, fundraising, usiness, investment, and program servie ativities outside the United States, or aggregate foreign investments valued at $00,000 or more? If "Yes," omplete Shedule F, Parts I and IV ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report on Part I, olumn (A), line, more than $5,000 of grants or other assistane to or for any foreign organization? If "Yes," omplete Shedule F, Parts II and IV ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report on Part I, olumn (A), line, more than $5,000 of aggregate grants or other assistane to or for foreign individuals? If "Yes," omplete Shedule F, Parts III and IV ~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report a total of more than $5,000 of expenses for professional fundraising servies on Part I, olumn (A), lines 6 and e? If "Yes," omplete Shedule G, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report more than $5,000 total of fundraising event gross inome and ontriutions on Part VIII, lines and 8a? If "Yes," omplete Shedule G, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report more than $5,000 of gross inome from gaming ativities on Part VIII, line 9a? If "Yes," omplete Shedule G, Part III a d e f a 4a Yes Page No 9 Form 990 (06)

5 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Part IV Cheklist of Required Shedules (ontinued) 0a 4a d 5a Setion 50()(), 50()(4), and 50()(9) organizations. Did the organization engage in an exess enefit transation with a disqualified person during the year? If "Yes," omplete Shedule L, Part I ~~~~~~~~~~~~~~~~ a Did the organization operate one or more hospital failities? If "Yes," omplete Shedule H ~~~~~~~~~~~~~~~~ If "Yes" to line 0a, did the organization attah a opy of its audited finanial statements to this return? ~~~~~~~~~~ Did the organization report more than $5,000 of grants or other assistane to any domesti organization or domesti government on Part I, olumn (A), line? If "Yes," omplete Shedule I, Parts I and II ~~~~~~~~~~~~~~ Did the organization report more than $5,000 of grants or other assistane to or for domesti individuals on Part I, olumn (A), line? If "Yes," omplete Shedule I, Parts I and III ~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization answer "Yes" to Part VII, Setion A, line, 4, or 5 aout ompensation of the organization s urrent and former offiers, diretors, trustees, key employees, and highest ompensated employees? If "Yes," omplete Shedule J ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization have a tax-exempt ond issue with an outstanding prinipal amount of more than $00,000 as of the last day of the year, that was issued after Deemer, 00? If "Yes," answer lines 4 through 4d and omplete Shedule K. If "No", go to line 5a ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization invest any proeeds of tax-exempt onds eyond a temporary period exeption? ~~~~~~~~~~~ Did the organization maintain an esrow aount other than a refunding esrow at any time during the year to defease any tax-exempt onds? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization at as an "on ehalf of" issuer for onds outstanding at any time during the year? ~~~~~~~~~~~ Is the organization aware that it engaged in an exess enefit transation with a disqualified person in a prior year, and that the transation has not een reported on any of the organization s prior Forms 990 or 990-EZ? If "Yes," omplete Shedule L, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization report any amount on Part, line 5, 6, or for reeivales from or payales to any urrent or former offiers, diretors, trustees, key employees, highest ompensated employees, or disqualified persons? If "Yes," omplete Shedule L, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization provide a grant or other assistane to an offier, diretor, trustee, key employee, sustantial ontriutor or employee thereof, a grant seletion ommittee memer, or to a 5% ontrolled entity or family memer of any of these persons? If "Yes," omplete Shedule L, Part III ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Was the organization a party to a usiness transation with one of the following parties (see Shedule L, Part IV instrutions for appliale filing thresholds, onditions, and exeptions): A urrent or former offier, diretor, trustee, or key employee? If "Yes," omplete Shedule L, Part IV ~~~~~~~~~~~ A family memer of a urrent or former offier, diretor, trustee, or key employee? If "Yes," omplete Shedule L, Part IV ~~ An entity of whih a urrent or former offier, diretor, trustee, or key employee (or a family memer thereof) was an offier, diretor, trustee, or diret or indiret owner? If "Yes," omplete Shedule L, Part IV~~~~~~~~~~~~~~~~~~~~~ Did the organization reeive more than $5,000 in non-ash ontriutions? If "Yes," omplete Shedule M ~~~~~~~~~ Did the organization reeive ontriutions of art, historial treasures, or other similar assets, or qualified onservation ontriutions? If "Yes," omplete Shedule M ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization liquidate, terminate, or dissolve and ease operations? If "Yes," omplete Shedule N, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization sell, exhange, dispose of, or transfer more than 5% of its net assets? If "Yes," omplete Shedule N, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization own 00% of an entity disregarded as separate from the organization under Regulations setions and ? If "Yes," omplete Shedule R, Part I ~~~~~~~~~~~~~~~~~~~~~~~~ Was the organization related to any tax-exempt or taxale entity? If "Yes," omplete Shedule R, Part II, III, or IV, and Part V, line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5a Did the organization have a ontrolled entity within the meaning of setion 5()()? ~~~~~~~~~~~~~~~~~~ If "Yes" to line 5a, did the organization reeive any payment from or engage in any transation with a ontrolled entity within the meaning of setion 5()()? If "Yes," omplete Shedule R, Part V, line ~~~~~~~~~~~~~~~~~~~ Setion 50()() organizations. Did the organization make any transfers to an exempt non-haritale related organization? If "Yes," omplete Shedule R, Part V, line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization ondut more than 5% of its ativities through an entity that is not a related organization and that is treated as a partnership for federal inome tax purposes? If "Yes," omplete Shedule R, Part VI ~~~~~~~~ Did the organization omplete Shedule O and provide explanations in Shedule O for Part VI, lines and 9? Note. All Form 990 filers are required to omplete Shedule O 0a 0 4a 4 4 4d 5a a a Yes Page 4 No 8 Form 990 (06)

6 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Page 5 Part V Statements Regarding Other IRS Filings and Tax Compliane Chek if Shedule O ontains a response or note to any line in this Part V a Enter the numer reported in Box of Form 096. Enter -0- if not appliale ~~~~~~~~~~~ a Enter the numer of Forms W-G inluded in line a. Enter -0- if not appliale ~~~~~~~~~~ Did the organization omply with akup withholding rules for reportale payments to vendors and reportale gaming If at least one is reported on line a, did the organization file all required federal employment tax returns? ~~~~~~~~~~ Note. If the sum of lines a and a is greater than 50, you may e required to e-file (see instrutions) ~~~~~~~~~~~ 7 Organizations that may reeive dedutile ontriutions under setion 70(). a Did the organization reeive a payment in exess of $75 made partly as a ontriution and partly for goods and servies provided to the payor? d e f g h a a a 4a Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained y the Sponsoring organizations maintaining donor advised funds. Setion 50()(7) organizations. Enter: Setion 50()() organizations. Enter: a Setion 4947(a)() non-exempt haritale trusts. Is the organization filing Form 990 in lieu of Form 04? a (gamling) winnings to prize winners? a Enter the numer of employees reported on Form W-, Transmittal of Wage and Tax Statements, filed for the alendar year ending with or within the year overed y this return ~~~~~~~~~~ Did the organization have unrelated usiness gross inome of $,000 or more during the year? ~~~~~~~~~~~~~~ If "Yes," has it filed a Form 990-T for this year? If "No," to line, provide an explanation in Shedule O ~~~~~~~~~~ 4a At any time during the alendar year, did the organization have an interest in, or a signature or other authority over, a finanial aount in a foreign ountry (suh as a ank aount, seurities aount, or other finanial aount)?~~~~~~~ If "Yes," enter the name of the foreign ountry: J See instrutions for filing requirements for FinCEN Form 4, Report of Foreign Bank and Finanial Aounts (FBAR). 5a Was the organization a party to a prohiited tax shelter transation at any time during the tax year? ~~~~~~~~~~~~ Did any taxale party notify the organization that it was or is a party to a prohiited tax shelter transation? ~~~~~~~~~ If "Yes," to line 5a or 5, did the organization file Form 8886-T? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6a Does the organization have annual gross reeipts that are normally greater than $00,000, and did the organization soliit any ontriutions that were not tax dedutile as haritale ontriutions? If "Yes," did the organization inlude with every soliitation an express statement that suh ontriutions or gifts were not tax dedutile? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," did the organization notify the donor of the value of the goods or servies provided? Setion 50()(9) qualified nonprofit health insurane issuers. Note. See the instrutions for additional information the organization must report on Shedule O. Did the organization reeive any payments for indoor tanning servies during the tax year? ~~~~~~~~~~~~~~~~ If "Yes," has it filed a Form 70 to report these payments? If "No," provide an explanation in Shedule O a a ~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization sell, exhange, or otherwise dispose of tangile personal property for whih it was required to file Form 88? ~~~~~~~~~~~~~~~ If "Yes," indiate the numer of Forms 88 filed during the year ~~~~~~~~~~~~~~~~ Did the organization reeive any funds, diretly or indiretly, to pay premiums on a personal enefit ontrat? Did the organization, during the year, pay premiums, diretly or indiretly, on a personal enefit ontrat? 7d 0a 0 a ~~~~~~~ ~~~~~~~~~ If the organization reeived a ontriution of qualified intelletual property, did the organization file Form 8899 as required? ~ If the organization reeived a ontriution of ars, oats, airplanes, or other vehiles, did the organization file a Form 098-C? sponsoring organization have exess usiness holdings at any time during the year? ~~~~~~~~~~~~~~~~~~~ Did the sponsoring organization make any taxale distriutions under setion 4966? Did the sponsoring organization make a distriution to a donor, donor advisor, or related person? Initiation fees and apital ontriutions inluded on Part VIII, line ~~~~~~~~~~~~~~~ Gross reeipts, inluded on Form 990, Part VIII, line, for puli use of lu failities ~~~~~~ Gross inome from memers or shareholders ~~~~~~~~~~~~~~~~~~~~~~~~~~ Gross inome from other soures (Do not net amounts due or paid to other soures against amounts due or reeived from them.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," enter the amount of tax-exempt interest reeived or arued during the year ~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~ Is the organization liensed to issue qualified health plans in more than one state? ~~~~~~~~~~~~~~~~~~~~~ Enter the amount of reserves the organization is required to maintain y the states in whih the organization is liensed to issue qualified health plans ~~~~~~~~~~~~~~~~~~~~~~ Enter the amount of reserves on hand~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ a 4a 5a 5 5 6a 6 7a 7 7 7e 7f 7g 7h 8 9a 9 a a 4a Yes No 4 Form 990 (06)

7 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Page 6 Part VI Governane, Management, and Dislosure For eah "Yes" response to lines through 7 elow, and for a "No" response to line 8a, 8, or 0 elow, desrie the irumstanes, proesses, or hanges in Shedule O. See instrutions. Chek if Shedule O ontains a response or note to any line in this Part VI Setion A. Governing Body and Management a Enter the numer of voting memers of the governing ody at the end of the tax year ~~~~~~ If there are material differenes in voting rights among memers of the governing ody, or if the governing a 9 Is there any offier, diretor, trustee, or key employee listed in Part VII, Setion A, who annot e reahed at the organization s mailing address? If "Yes," provide the names and addresses in Shedule O Setion B. Poliies (This Setion B requests information aout poliies not required y the Internal Revenue Code.) a 4 5 a 6a exempt status with respet to suh arrangements? 6 Setion C. Dislosure 7 List the states with whih a opy of this Form 990 is required to e filed JMN,CA,AK,MD,MA,MI,NH,SC,UT,VA,NJ 8 9 ody delegated road authority to an exeutive ommittee or similar ommittee, explain in Shedule O. Enter the numer of voting memers inluded in line a, aove, who are independent ~~~~~~ Did any offier, diretor, trustee, or key employee have a family relationship or a usiness relationship with any other offier, diretor, trustee, or key employee? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization delegate ontrol over management duties ustomarily performed y or under the diret supervision of offiers, diretors, or trustees, or key employees to a management ompany or other person? ~~~~~~~~~~~~~~ Did the organization make any signifiant hanges to its governing douments sine the prior Form 990 was filed? ~~~~~ Did the organization eome aware during the year of a signifiant diversion of the organization s assets? ~~~~~~~~~ Did the organization have memers or stokholders? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 7a Did the organization have memers, stokholders, or other persons who had the power to elet or appoint one or more memers of the governing ody? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Are any governane deisions of the organization reserved to (or sujet to approval y) memers, stokholders, or persons other than the governing ody? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization ontemporaneously doument the meetings held or written ations undertaken during the year y the following: The governing ody? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Eah ommittee with authority to at on ehalf of the governing ody? Desrie in Shedule O the proess, if any, used y the organization to review this Form 990. Did the organization have a written onflit of interest poliy? If "No," go to line ~~~~~~~~~~~~~~~~~~~~ Were offiers, diretors, or trustees, and key employees required to dislose annually interests that ould give rise to onflits? ~~~~~~ Did the organization regularly and onsistently monitor and enfore ompliane with the poliy? If "Yes," desrie in Shedule O how this was done ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ for puli inspetion. Indiate how you made these availale. Chek all that apply. Own wesite Another s wesite Upon request Other (explain in Shedule O) 0 State the name, address, and telephone numer of the person who possesses the organization s ooks and reords: Allyson Peterson, Senior VP Finane & Operations/CFO University Drive N, Fargo, ND Form 990 (06) 6 a ~~~~~~~~~~~~~~~~~~~~~~~~~~ 0a Did the organization have loal hapters, ranhes, or affiliates? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," did the organization have written poliies and proedures governing the ativities of suh hapters, affiliates, and ranhes to ensure their operations are onsistent with the organization s exempt purposes? ~~~~~~~~~~~~~ a Has the organization provided a omplete opy of this Form 990 to all memers of its governing ody efore filing the form? Did the organization have a written whistlelower poliy? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization have a written doument retention and destrution poliy? ~~~~~~~~~~~~~~~~~~~~~~ Did the proess for determining ompensation of the following persons inlude a review and approval y independent persons, omparaility data, and ontemporaneous sustantiation of the delieration and deision? The organization s CEO, Exeutive Diretor, or top management offiial Other offiers or key employees of the organization ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes" to line 5a or 5, desrie the proess in Shedule O (see instrutions). ~~~~~~~~~~~~~~~~~~~~~~~~~~ Did the organization invest in, ontriute assets to, or partiipate in a joint venture or similar arrangement with a taxale entity during the year? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," did the organization follow a written poliy or proedure requiring the organization to evaluate its partiipation in joint venture arrangements under appliale federal tax law, and take steps to safeguard the organization s Setion 604 requires an organization to make its Forms 0 (or 04 if appliale), 990, and 990-T (Setion 50()()s only) availale Desrie in Shedule O whether (and if so, how) the organization made its governing douments, onflit of interest poliy, and finanial statements availale to the puli during the tax year a 7 8a 8 9 0a 0 a a 4 5a 5 6a Yes Yes No No

8 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Page 7 Part VII Compensation of Offiers, Diretors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contrators Chek if Shedule O ontains a response or note to any line in this Part VII Setion A. Offiers, Diretors, Trustees, Key Employees, and Highest Compensated Employees a Complete this tale for all persons required to e listed. Report ompensation for the alendar year ending with or within the organization s tax year. List all of the organization s urrent offiers, diretors, trustees (whether individuals or organizations), regardless of amount of ompensation. Enter -0- in olumns (D), (E), and (F) if no ompensation was paid. List all of the organization s urrent key employees, if any. See instrutions for definition of "key employee." List the organization s five urrent highest ompensated employees (other than an offier, diretor, trustee, or key employee) who reeived reportale ompensation (Box 5 of Form W- and/or Box 7 of Form 099-MISC) of more than $00,000 from the organization and any related organizations. List all of the organization s former offiers, key employees, and highest ompensated employees who reeived more than $00,000 of reportale ompensation from the organization and any related organizations. List all of the organization s former diretors or trustees that reeived, in the apaity as a former diretor or trustee of the organization, more than $0,000 of reportale ompensation from the organization and any related organizations. List persons in the following order: individual trustees or diretors; institutional trustees; offiers; key employees; highest ompensated employees; and former suh persons. Chek this ox if neither the organization nor any related organization ompensated any urrent offier, diretor, or trustee. (A) (B) (C) (D) (E) (F) Name and Title Average hours per week (list any hours for related organizations elow line) Position (do not hek more than one ox, unless person is oth an offier and a diretor/trustee) Individual trustee or diretor Institutional trustee Offier Key employee Highest ompensated employee Former Reportale ompensation from the organization (W-/099-MISC) Reportale ompensation from related organizations (W-/099-MISC) Estimated amount of other ompensation from the organization and related organizations () Steven J. Swiontek.00 Chair of the Board () John Erikson.50 Vie Chair () Kathy Meagher.50 Seretary (4) Gary Paulsrud.00 Treasurer (5) John Wold 0.50 EGB Memer (6) Roert E. Challey.50 EGB Memer (7) Mihael Krueger 4.00 EGB Memer (8) Connie Niholas.00 EGB Memer (9) Daniel J. Dunn.50 EGB Memer (0) Joel Honeyman.00 EGB Memer () Brian Houkom.00 EGB Memer () Sott Handy.00 EGB Memer (Thru 6/0/6) () Ryn Pitts.00 EGB Memer (Thru 6/0/6) (4) John R. Glover President & CEO 0, ,006. (5) Allyson Peterson Sr. VP of Finane & Operations/CFO 97, , Form 990 (06)

9 North Dakota State University Foundation and Alumni Assoiation Form 990 (06) Page 8 Part VII Setion A. Offiers, Diretors, Trustees, Key Employees, and Highest Compensated Employees (ontinued) (A) (B) (C) (D) (E) (F) Name and title Average Position (do not hek more than one Reportale Reportale Estimated hours per ox, unless person is oth an ompensation ompensation amount of week offier and a diretor/trustee) from from related other (list any the organizations ompensation hours for organization (W-/099-MISC) from the related (W-/099-MISC) organization organizations and related elow organizations line) Individual trustee or diretor Institutional trustee Offier Key employee Highest ompensated employee Former 4 d Su-total~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total from ontinuation sheets to Part VII, Setion A ~~~~~~~~~~ Total (add lines and ) Did the organization list any former offier, diretor, or trustee, key employee, or highest ompensated employee on line a? If "Yes," omplete Shedule J for suh individual ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 5 Did any person listed on line a reeive or arue ompensation from any unrelated organization or individual for servies rendered to the organization? If "Yes," omplete Shedule J for suh person Setion B. Independent Contrators Total numer of individuals (inluding ut not limited to those listed aove) who reeived more than $00,000 of reportale ompensation from the organization For any individual listed on line a, is the sum of reportale ompensation and other ompensation from the organization and related organizations greater than $50,000? If "Yes," omplete Shedule J for suh individual~~~~~~~~~~~~~ Complete this tale for your five highest ompensated independent ontrators that reeived more than $00,000 of ompensation from the organization. Report ompensation for the alendar year ending with or within the organization s tax year. 8, , , ,5. (A) (B) (C) Name and usiness address Desription of servies Compensation SEI Investment Freedom Valley Dr, Oaks, PA 9456 Management 54,50. Ruffalo Noel Levitz Professional PO BO 78, Des Moines, IA 500 Fundraiser 5,. Brailsford & Dunlavey, In., 40 Connetiut Ave NW, Suite 400, Washington, Property Consultants 88,5. Media Produtions LLC 4 University Dr. S, Fargo, ND Event AV Servies 55, Yes No Total numer of independent ontrators (inluding ut not limited to those listed aove) who reeived more than $00,000 of ompensation from the organization Form 990 (06)

10 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Part VIII Statement of Revenue Contriutions, Gifts, Grants and Other Similar Amounts Program Servie Revenue Other Revenue a d e f g Nonash ontriutions inluded in lines a-f: $ h a d e e Total. Add lines a-d ~~~~~~~~~~~~~~~ Total revenue. See instrutions. f Total. Add lines a-f Business Code a Alumni Reords Fees 670 5,679. 5,679. Program Event Revenue 670 5,846. 5,846. Misellaneous Inome ,748. 5, d e f g 6 a d d 9 a 0 a Total. Add lines a-f a a a Misellaneous Revenue Business Code a Alumni Travel Alumni Insurane, Net Advertising ,80. 8,68.,475.,80. 8,68.,475. d Government grants (ontriutions) All other ontriutions, gifts, grants, and similar amounts not inluded aove ~~ Page 9 Chek if Shedule O ontains a response or note to any line in this Part VIII (A) (B) (C) (D) Total revenue Related or Unrelated Revenue exluded exempt funtion usiness from tax under setions revenue revenue 5-54 Federated ampaigns Memership dues ~~~~~~ ~~~~~~~~ Fundraising events ~~~~~~~~ Related organizations ~~~~~~ All other program servie revenue ~~~~~ Investment inome (inluding dividends, interest, and other similar amounts) ~~~~~~~~~~~~~~~~~ Inome from investment of tax-exempt ond proeeds Royalties Gross rents ~~~~~~~ Less: rental expenses~~~ Rental inome or (loss) ~~ Net rental inome or (loss) 7 a Gross amount from sales of assets other than inventory Less: ost or other asis and sales expenses ~~~ Gain or (loss) ~~~~~~~ (i) Real (ii) Personal,666,.,59,077. <59,854.> (i) Seurities 5,5,898. (ii) Other Net gain or (loss) 8 a Gross inome from fundraising events (not inluding $ 66,966. of ontriutions reported on line ). See Part IV, line 8 ~~~~~~~~~~~~~ Less: diret expenses~~~~~~~~~~ Net inome or (loss) from fundraising events Gross inome from gaming ativities. See Part IV, line 9 ~~~~~~~~~~~~~ Less: diret expenses ~~~~~~~~~ Net inome or (loss) from gaming ativities Gross sales of inventory, less returns and allowanes ~~~~~~~~~~~~~ Less: ost of goods sold 5,848,890. <,495,99.> ~~~~~~~~ Net inome or (loss) from sales of inventory All other revenue ~~~~~~~~~~~~~ 66,966. 7,60,8.,767, ,4. 64,970., ,887, ,7.,870,0. <0.>,870, ,88. 79,88. <59,854.> <59,854.> <,495,99.> <,495,99.>,64.,64.,858.,858.,9. 9,480, ,.,8. 86, Form 990 (06)

11 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Part I Statement of Funtional Expenses Setion 50()() and 50()(4) organizations must omplete all olumns. All other organizations must omplete olumn (A). Chek if Shedule O ontains a response or note to any line in this Part I Do not inlude amounts reported on lines 6, (A) (B) (C) (D) 7, 8, 9, and 0 of Part VIII. Total expenses Program servie Management and Fundraising expenses general expenses expenses Grants and other assistane to domesti organizations and domesti governments. See Part IV, line ~ 0,04,. 0,04, a d e f g a d Grants and other assistane to domesti individuals. See Part IV, line ~~~~~~~ Grants and other assistane to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 5 and 6 ~~~ Benefits paid to or for memers ~~~~~~~ Compensation of urrent offiers, diretors, trustees, and key employees ~~~~~~~~ Compensation not inluded aove, to disqualified persons (as defined under setion 4958(f)()) and persons desried in setion 4958()()(B) Other salaries and wages ~~~~~~~~~~ Pension plan aruals and ontriutions (inlude setion 40(k) and 40() employer ontriutions) Loying ~~~~~~~~~~~~~~~~~~ Professional fundraising servies. See Part IV, line 7 Investment management fees ~~~~~~~~ Other. (If line g amount exeeds 0% of line 5, olumn (A) amount, list line g expenses on Sh O.) Other expenses. Itemize expenses not overed aove. (List misellaneous expenses in line 4e. If line 4e amount exeeds 0% of line 5, olumn (A) amount, list line 4e expenses on Shedule O.) e All other expenses 5 Total funtional expenses. Add lines through 4e 6 Joint osts. Complete this line only if the organization reported in olumn (B) joint osts from a omined eduational ampaign and fundraising soliitation. Chek here if following SOP 98- (ASC ) ~~~ Other employee enefits ~~~~~~~~~~ Payroll taxes ~~~~~~~~~~~~~~~~ Fees for servies (non-employees): Management ~~~~~~~~~~~~~~~~ Legal ~~~~~~~~~~~~~~~~~~~~ Aounting ~~~~~~~~~~~~~~~~~ Advertising and promotion ~~~~~~~~~ Offie expenses~~~~~~~~~~~~~~~ Information tehnology ~~~~~~~~~~~ Royalties ~~~~~~~~~~~~~~~~~~ Oupany ~~~~~~~~~~~~~~~~~ Travel ~~~~~~~~~~~~~~~~~~~ Payments of travel or entertainment expenses for any federal, state, or loal puli offiials Conferenes, onventions, and meetings ~~ Interest ~~~~~~~~~~~~~~~~~~ Payments to affiliates ~~~~~~~~~~~~ Depreiation, depletion, and amortization ~~ Insurane ~~~~~~~~~~~~~~~~~ Page 0 7,65. 6,86. 44,9. 6,86.,59,70. 7, ,56. 55,67. 0,975., ,450. 7, ,0. 59,599. 9,076. 4,645.,69. 5,97. 6,4. 4,50. 5,98. 5,98. 46,40. 46,40. 5,. 5,. 4,980. 4, , , ,65. 9,650. 6,88.,8. 4,666. 4, ,9.,47., ,45. 9,0. 66, , ,64. 9,008. 5, ,850. 0,848. 6,74. 79,56. 5,948.,46.,46. 58, ,854. 6, ,6. Event Expense 9,557. 8,85. 9, ,66. Puli Relations/Donor 49,549. 5,78.,747. 6,44. Inome Taxes,6.,6. Dues & Susriptions 5,78., ,0.,589.,589. 5,9,. 0,84,080.,05,555.,5, Form 990 (06)

12 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Part Balane Sheet Assets Liailities Net Assets or Fund Balanes Chek if Shedule O ontains a response or note to any line in this Part Cash - non-interest-earing ~~~~~~~~~~~~~~~~~~~~~~~~~ Savings and temporary ash investments ~~~~~~~~~~~~~~~~~~ Pledges and grants reeivale, net (A) Beginning of year (B) End of year,94,89. 8,64,99.,4,4.,899, , , ,0, , ,456. 6, ,964. 0a Land, uildings, and equipment: ost or other asis. Complete Part VI of Shedule D ~~~ 0a 58,8,9. Less: aumulated depreiation ~~~~~~ 0 0,4,08. 40,96, ,487,58. Investments - pulily traded seurities ~~~~~~~~~~~~~~~~~~~ 06,68, ,49,44. Investments - other seurities. See Part IV, line ~~~~~~~~~~~~~~ 4,046,99. 45,55,84. Total assets. Add lines through 5 (must equal line 4) Total liailities. Add lines 7 through 5 Organizations that follow SFAS 7 (ASC 958), hek here and omplete lines 7 through 9, and lines and 4. Organizations that do not follow SFAS 7 (ASC 958), hek here and omplete lines 0 through 4. ~~~~~~~~~~~~~~~~~~~~~ Aounts reeivale, net ~~~~~~~~~~~~~~~~~~~~~~~~~~ Loans and other reeivales from urrent and former offiers, diretors, trustees, key employees, and highest ompensated employees. Complete Part II of Shedule L ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Loans and other reeivales from other disqualified persons (as defined under setion 4958(f)()), persons desried in setion 4958()()(B), and ontriuting employers and sponsoring organizations of setion 50()(9) voluntary employees enefiiary organizations (see instr). Complete Part II of Sh L ~~ Notes and loans reeivale, net ~~~~~~~~~~~~~~~~~~~~~~~ Inventories for sale or use ~~~~~~~~~~~~~~~~~~~~~~~~~~ Prepaid expenses and deferred harges Investments - program-related. See Part IV, line ~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~ Intangile assets ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other assets. See Part IV, line ~~~~~~~~~~~~~~~~~~~~~~ Aounts payale and arued expenses ~~~~~~~~~~~~~~~~~~ Grants payale ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Deferred revenue ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tax-exempt ond liailities ~~~~~~~~~~~~~~~~~~~~~~~~~ Esrow or ustodial aount liaility. Complete Part IV of Shedule D ~~~~ Loans and other payales to urrent and former offiers, diretors, trustees, key employees, highest ompensated employees, and disqualified persons. Complete Part II of Shedule L ~~~~~~~~~~~~~~~~~~~~~~~ Seured mortgages and notes payale to unrelated third parties ~~~~~~ Unseured notes and loans payale to unrelated third parties ~~~~~~~~ Other liailities (inluding federal inome tax, payales to related third parties, and other liailities not inluded on lines 7-4). Complete Part of Shedule D ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Unrestrited net assets ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Temporarily restrited net assets Permanently restrited net assets ~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~ Capital stok or trust prinipal, or urrent funds ~~~~~~~~~~~~~~~ Paid-in or apital surplus, or land, uilding, or equipment fund ~~~~~~~~ Retained earnings, endowment, aumulated inome, or other funds ~~~~ Total net assets or fund alanes ~~~~~~~~~~~~~~~~~~~~~~ Total liailities and net assets/fund alanes 4 96,. 5 96, ,56, ,67, , ,9. 8 6,7. 9 8,94. 6,0, ,4,04. 0, ,690. 7,07,74. 5,69,4. 4 6,408, ,540,4. 0,408, ,66,777.,99,74. 7,744,680. 7,574, ,4,7. 46,79, ,47, Page 5,5,4. 8,505,9. 45,56, ,67,690. Form 990 (06)

13 North Dakota State University Form 990 (06) Foundation and Alumni Assoiation Page Part I Reoniliation of Net Assets Chek if Shedule O ontains a response or note to any line in this Part I a Total revenue (must equal Part VIII, olumn (A), line ) Total expenses (must equal Part I, olumn (A), line 5) ~~~~~~~~~~~~~~~~~~~~~~~~~~ Revenue less expenses. Sutrat line from line ~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Net assets or fund alanes at eginning of year (must equal Part, line, olumn (A)) ~~~~~~~~~~ Net unrealized gains (losses) on investments Donated servies and use of failities Investment expenses Prior period adjustments ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other hanges in net assets or fund alanes (explain in Shedule O) ~~~~~~~~~~~~~~~~~~~ 0 Net assets or fund alanes at end of year. Comine lines through 9 (must equal Part, line, olumn (B)) 0 8,505,9. Part II Finanial Statements and Reporting Chek if Shedule O ontains a response or note to any line in this Part II Yes No Aounting method used to prepare the Form 990: Cash Arual Other If the organization hanged its method of aounting from a prior year or heked "Other," explain in Shedule O. Were the organization s finanial statements ompiled or reviewed y an independent aountant? ~~~~~~~~~~~~ If "Yes," hek a ox elow to indiate whether the finanial statements for the year were ompiled or reviewed on a separate asis, onsolidated asis, or oth: Separate asis Consolidated asis Both onsolidated and separate asis Were the organization s finanial statements audited y an independent aountant? ~~~~~~~~~~~~~~~~~~~ If "Yes," hek a ox elow to indiate whether the finanial statements for the year were audited on a separate asis, onsolidated asis, or oth: Separate asis Consolidated asis Both onsolidated and separate asis If "Yes" to line a or, does the organization have a ommittee that assumes responsiility for oversight of the audit, review, or ompilation of its finanial statements and seletion of an independent aountant?~~~~~~~~~~~~~~~ If the organization hanged either its oversight proess or seletion proess during the tax year, explain in Shedule O. a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit At and OMB Cirular A-? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Shedule O and desrie any steps taken to undergo suh audits ,480,886. 5,9,. 4,6,755. 5,5,4. 0,65,98. <,75,47.> a a Form 990 (06)

14 OMB No SCHEDULE A (Form 990 or 990-EZ) Puli Charity Status and Puli Support Complete if the organization is a setion 50()() organization or a setion (a)() nonexempt haritale trust. Department of the Treasury Attah to Form 990 or Form 990-EZ. Open to Puli Internal Revenue Servie Information aout Shedule A (Form 990 or 990-EZ) and its instrutions is at Inspetion Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Part I Reason for Puli Charity Status (All organizations must omplete this part.) See instrutions. The organization is not a private foundation eause it is: (For lines through, hek only one ox.) a d e f A hurh, onvention of hurhes, or assoiation of hurhes desried in setion 70()()(A)(i). A shool desried in setion 70()()(A)(ii). (Attah Shedule E (Form 990 or 990-EZ).) A hospital or a ooperative hospital servie organization desried in setion 70()()(A)(iii). A medial researh organization operated in onjuntion with a hospital desried in setion 70()()(A)(iii). Enter the hospital s name, ity, and state: An organization operated for the enefit of a ollege or university owned or operated y a governmental unit desried in setion 70()()(A)(iv). (Complete Part II.) A federal, state, or loal government or governmental unit desried in setion 70()()(A)(v). An organization that normally reeives a sustantial part of its support from a governmental unit or from the general puli desried in setion 70()()(A)(vi). (Complete Part II.) A ommunity trust desried in setion 70()()(A)(vi). (Complete Part II.) An agriultural researh organization desried in setion 70()()(A)(ix) operated in onjuntion with a land-grant ollege or university or a non-land-grant ollege of agriulture (see instrutions). Enter the name, ity, and state of the ollege or university: An organization that normally reeives: () more than /% of its support from ontriutions, memership fees, and gross reeipts from ativities related to its exempt funtions - sujet to ertain exeptions, and () no more than /% of its support from gross investment inome and unrelated usiness taxale inome (less setion 5 tax) from usinesses aquired y the organization after June 0, 975. See setion 509(a)(). (Complete Part III.) An organization organized and operated exlusively to test for puli safety. See setion 509(a)(4). An organization organized and operated exlusively for the enefit of, to perform the funtions of, or to arry out the purposes of one or more pulily supported organizations desried in setion 509(a)() or setion 509(a)(). See setion 509(a)(). Chek the ox in lines a through d that desries the type of supporting organization and omplete lines e, f, and g. Type I. A supporting organization operated, supervised, or ontrolled y its supported organization(s), typially y giving the supported organization(s) the power to regularly appoint or elet a majority of the diretors or trustees of the supporting organization. You must omplete Part IV, Setions A and B. Type II. A supporting organization supervised or ontrolled in onnetion with its supported organization(s), y having ontrol or management of the supporting organization vested in the same persons that ontrol or manage the supported organization(s). You must omplete Part IV, Setions A and C. Type III funtionally integrated. A supporting organization operated in onnetion with, and funtionally integrated with, its supported organization(s) (see instrutions). You must omplete Part IV, Setions A, D, and E. Type III non-funtionally integrated. A supporting organization operated in onnetion with its supported organization(s) that is not funtionally integrated. The organization generally must satisfy a distriution requirement and an attentiveness requirement (see instrutions). You must omplete Part IV, Setions A and D, and Part V. Chek this ox if the organization reeived a written determination from the IRS that it is a Type I, Type II, Type III funtionally integrated, or Type III non-funtionally integrated supporting organization. Enter the numer of supported organizations ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ g Provide the following information aout the supported organization(s). (i) Name of supported (ii) EIN (iii) Type of organization (iv) Is the organization listed (v) Amount of monetary (vi) Amount of other in your governing doument? organization (desried on lines -0 support (see instrutions) support (see instrutions) aove (see instrutions)) Yes No Total LHA For Paperwork Redution At Notie, see the Instrutions for Form 990 or 990-EZ Shedule A (Form 990 or 990-EZ) 06

15 North Dakota State University Shedule A (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Page Part II Support Shedule for Organizations Desried in Setions 70()()(A)(iv) and 70()()(A)(vi) (Complete only if you heked the ox on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed elow, please omplete Part III.) Setion A. Puli Support Calendar year (or fisal year eginning in) 4 5 Total. Add lines through ~~~ 6 Puli support. Sutrat line 5 from line 4. Calendar year (or fisal year eginning in) assets (Explain in Part VI.) ~~~~ Total support. Add lines 7 through 0 (a) 0 () 0 () 04 (d) 05 (e) 06 (f) Total (a) 0 () 0 () 04 (d) 05 (e) 06 (f) Total 6,50,. 5,88,49. 9,90,767.,47,69. 7,887,84.,04,06. First five years. If the Form 990 is for the organization s first, seond, third, fourth, or fifth tax year as a setion 50()() 7a 0% -fats-and-irumstanes test If the organization did not hek a ox on line, 6a, or 6, and line 4 is 0% or more, 8 Gifts, grants, ontriutions, and memership fees reeived. (Do not inlude any "unusual grants.") ~~ Tax revenues levied for the organization s enefit and either paid to or expended on its ehalf ~~~~ The value of servies or failities furnished y a governmental unit to the organization without harge ~ The portion of total ontriutions y eah person (other than a governmental unit or pulily supported organization) inluded on line that exeeds % of the amount shown on line, olumn (f) ~~~~~~~~~~~~ Setion B. Total Support Amounts from line 4 ~~~~~~~ Gross inome from interest, dividends, payments reeived on seurities loans, rents, royalties and inome from similar soures ~ Net inome from unrelated usiness ativities, whether or not the usiness is regularly arried on ~ Other inome. Do not inlude gain or loss from the sale of apital 6,50,. 5,88,49. 9,90,767.,47,69. 7,887,84.,04,06. 6,50,. 5,88,49. 9,90,767.,47,69. 7,887,84.,04,06. Gross reeipts from related ativities, et. (see instrutions) ~~~~~~~~~~~~~~~~~~~~~~~ /% support test If the organization did not hek a ox on line or 6a, and line 5 is /% or more, hek this ox and stop here. The organization qualifies as a pulily supported organization ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ and if the organization meets the "fats-and-irumstanes" test, hek this ox and stop here. Explain in Part VI how the organization meets the "fats-and-irumstanes" test. The organization qualifies as a pulily supported organization ~~~~~~~~~~~~~~~ 0% -fats-and-irumstanes test If the organization did not hek a ox on line, 6a, 6, or 7a, and line 5 is 0% or more, and if the organization meets the "fats-and-irumstanes" test, hek this ox and stop here. Explain in Part VI how the organization meets the "fats-and-irumstanes" test. The organization qualifies as a pulily supported organization ~~~~~~~~ Private foundation. If the organization did not hek a ox on line, 6a, 6, 7a, or 7, hek this ox and see instrutions 0,870,56. 00,6,670. 5,4,5. 0,759,74. 5,050,404. 5,04,769. 6,66,54.,89,. 45,5. 47,74. 8,44.,7. 54,07,4. 4,80,90. organization, hek this ox and stop here Setion C. Computation of Puli Support Perentage 4 Puli support perentage for 06 (line 6, olumn (f) divided y line, olumn (f)) ~~~~~~~~~~~~ Puli support perentage from 05 Shedule A, Part II, line 4 ~~~~~~~~~~~~~~~~~~~~~ a /% support test If the organization did not hek the ox on line, and line 4 is /% or more, hek this ox and stop here. The organization qualifies as a pulily supported organization ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Shedule A (Form 990 or 990-EZ) 06 % %

16 North Dakota State University Shedule A (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Part III Support Shedule for Organizations Desried in Setion 509(a)() Calendar year (or fisal year eginning in) The value of servies or failities furnished y a governmental unit to the organization without harge ~ Total. Add lines through 5 ~~~ 7a Amounts inluded on lines,, and reeived from disqualified persons Amounts inluded on lines and reeived from other than disqualified persons that exeed the greater of $5,000 or % of the amount on line for the year ~~~~~~ Add lines 7a and 7 ~~~~~~~ 8 Puli support. (Sutrat line 7 from line 6.) Calendar year (or fisal year eginning in) 9 Amounts from line 6 ~~~~~~~ 0a Gross inome from interest, dividends, payments reeived on seurities loans, rents, royalties and inome from similar soures ~ Unrelated usiness taxale inome (less setion 5 taxes) from usinesses aquired after June 0, 975 ~~~~ (a) 0 () 0 () 04 (d) 05 (e) 06 (f) Total (a) 0 () 0 () 04 (d) 05 (e) 06 (f) Total 4 First five years. If the Form 990 is for the organization s first, seond, third, fourth, or fifth tax year as a setion 50()() organization, hek this ox and stop here Setion C. Computation of Puli Support Perentage 5 6 Puli support perentage from 05 Shedule A, Part III, line 5 Setion D. Computation of Investment Inome Perentage 7 8 Page Puli support perentage for 06 (line 8, olumn (f) divided y line, olumn (f)) ~~~~~~~~~~~~ 5 % 9a /% support tests If the organization did not hek the ox on line 4, and line 5 is more than /%, and line 7 is not 0 (Complete only if you heked the ox on line 0 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed elow, please omplete Part II.) Setion A. Puli Support Gifts, grants, ontriutions, and memership fees reeived. (Do not inlude any "unusual grants.") ~~ Gross reeipts from admissions, merhandise sold or servies performed, or failities furnished in any ativity that is related to the organization s tax-exempt purpose Gross reeipts from ativities that are not an unrelated trade or usiness under setion 5 ~~~~~ Tax revenues levied for the organization s enefit and either paid to or expended on its ehalf ~~~~ Setion B. Total Support Add lines 0a and 0 ~~~~~~ Net inome from unrelated usiness ativities not inluded in line 0, whether or not the usiness is regularly arried on ~~~~~~~ Other inome. Do not inlude gain or loss from the sale of apital assets (Explain in Part VI.) ~~~~ Total support. (Add lines 9, 0,, and.) Investment inome perentage for 06 (line 0, olumn (f) divided y line, olumn (f)) Investment inome perentage from 05 Shedule A, Part III, line 7 ~~~~~~~~~~~~~~~~~~ 6 ~~~~~~~~ 7 % more than /%, hek this ox and stop here. The organization qualifies as a pulily supported organization ~~~~~~~~~~ /% support tests If the organization did not hek a ox on line 4 or line 9a, and line 6 is more than /%, and line 8 is not more than /%, hek this ox and stop here. The organization qualifies as a pulily supported organization~~~~ Private foundation. If the organization did not hek a ox on line 4, 9a, or 9, hek this ox and see instrutions 5 8 Shedule A (Form 990 or 990-EZ) 06 % %

17 North Dakota State University Shedule A (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Part IV Supporting Organizations (Complete only if you heked a ox in line on Part I. If you heked a of Part I, omplete Setions A a 4a 5a Are all of the organization s supported organizations listed y name in the organization s governing douments? If "No," desrie in Part VI how the supported organizations are designated. If designated y lass or purpose, desrie the designation. If histori and ontinuing relationship, explain. Did the organization have any supported organization that does not have an IRS determination of status under setion 509(a)() or ()? If "Yes," explain in Part VI how the organization determined that the supported organization was desried in setion 509(a)() or (). Did the organization have a supported organization desried in setion 50()(4), (5), or (6)? If "Yes," answer () and () elow. Did the organization onfirm that eah supported organization qualified under setion 50()(4), (5), or (6) and satisfied the puli support tests under setion 509(a)()? If "Yes," desrie in Part VI when and how the organization made the determination. Did the organization ensure that all support to suh organizations was used exlusively for setion 70()()(B) purposes? If "Yes," explain in Part VI what ontrols the organization put in plae to ensure suh use. Was any supported organization not organized in the United States ("foreign supported organization")? If "Yes," and if you heked a or in Part I, answer () and () elow. Did the organization have ultimate ontrol and disretion in deiding whether to make grants to the foreign supported organization? If "Yes," desrie in Part VI how the organization had suh ontrol and disretion despite eing ontrolled or supervised y or in onnetion with its supported organizations. Did the organization support any foreign supported organization that does not have an IRS determination under setions 50()() and 509(a)() or ()? If "Yes," explain in Part VI what ontrols the organization used to ensure that all support to the foreign supported organization was used exlusively for setion 70()()(B) purposes. Did the organization add, sustitute, or remove any supported organizations during the tax year? If "Yes," answer () and () elow (if appliale). Also, provide detail in Part VI, inluding (i) the names and EIN numers of the supported organizations added, sustituted, or removed; (ii) the reasons for eah suh ation; (iii) the authority under the organization s organizing doument authorizing suh ation; and (iv) how the ation was aomplished (suh as y amendment to the organizing doument). Type I or Type II only. Was any added or sustituted supported organization part of a lass already Sustitutions only. Was the sustitution the result of an event eyond the organization s ontrol? enefited y one or more of its supported organizations, or (iii) other supporting organizations that also support or enefit one or more of the filing organization s supported organizations? If "Yes," provide detail in Part VI. (defined in setion 4958()()(C)), a family memer of a sustantial ontriutor, or a 5% ontrolled entity with regard to a sustantial ontriutor? If "Yes," omplete Part I of Shedule L (Form 990 or 990-EZ). Did the organization make a loan to a disqualified person (as defined in setion 4958) not desried in line 7? If "Yes," omplete Part I of Shedule L (Form 990 or 990-EZ). disqualified persons as defined in setion 4946 (other than foundation managers and organizations desried in setion 509(a)() or ())? If "Yes," provide detail in Part VI. Did one or more disqualified persons (as defined in line 9a) hold a ontrolling interest in any entity in whih the supporting organization had an interest? If "Yes," provide detail in Part VI. Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal enefit from, assets in whih the supporting organization also had an interest? If "Yes," provide detail in Part VI. 494(f) (regarding ertain Type II supporting organizations, and all Type III non-funtionally integrated supporting organizations)? If "Yes," answer 0 elow. Did the organization have any exess usiness holdings in the tax year? (Use Shedule C, Form 470, to determine whether the organization had exess usiness holdings.) and B. If you heked of Part I, omplete Setions A and C. If you heked of Part I, omplete Setions A, D, and E. If you heked d of Part I, omplete Setions A and D, and omplete Part V.) Setion A. All Supporting Organizations designated in the organization s organizing doument? Did the organization provide support (whether in the form of grants or the provision of servies or failities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the haritale lass Did the organization provide a grant, loan, ompensation, or other similar payment to a sustantial ontriutor 9a Was the organization ontrolled diretly or indiretly at any time during the tax year y one or more 0a Was the organization sujet to the exess usiness holdings rules of setion 494 eause of setion 6 a 4a 4 4 5a a 9 9 0a 0 Yes Page 4 No Shedule A (Form 990 or 990-EZ) 06

18 North Dakota State University Shedule A (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Page 5 Part IV Supporting Organizations (ontinued) Yes No a A family memer of a person desried in (a) aove? A 5% ontrolled entity of a person desried in (a) or () aove? If "Yes" to a,, or, provide detail in Part VI. Setion B. Type I Supporting Organizations signifiant voie in the organization s investment poliies and in direting the use of the organization s inome or assets at all times during the tax year? If "Yes," desrie in Part VI the role the organization s supported organizations played in this regard. Setion E. Type III Funtionally Integrated Supporting Organizations Chek the ox next to the method that the organization used to satisfy the Integral Part Test during the year (see instrutions). a The organization satisfied the Ativities Test. Complete line elow. The organization is the parent of eah of its supported organizations. Complete line elow. The organization supported a governmental entity. Desrie in Part VI how you supported a government entity (see instrutions). Ativities Test. Answer (a) and () elow. Yes a a Has the organization aepted a gift or ontriution from any of the following persons? A person who diretly or indiretly ontrols, either alone or together with persons desried in () and () elow, the governing ody of a supported organization? Did the diretors, trustees, or memership of one or more supported organizations have the power to regularly appoint or elet at least a majority of the organization s diretors or trustees at all times during the tax year? If "No," desrie in Part VI how the supported organization(s) effetively operated, supervised, or ontrolled the organization s ativities. If the organization had more than one supported organization, desrie how the powers to appoint and/or remove diretors or trustees were alloated among the supported organizations and what onditions or restritions, if any, applied to suh powers during the tax year. Did the organization operate for the enefit of any supported organization other than the supported organization(s) that operated, supervised, or ontrolled the supporting organization? If "Yes," explain in Part VI how providing suh enefit arried out the purposes of the supported organization(s) that operated, supervised, or ontrolled the supporting organization. Setion C. Type II Supporting Organizations Were a majority of the organization s diretors or trustees during the tax year also a majority of the diretors or trustees of eah of the organization s supported organization(s)? If "No," desrie in Part VI how ontrol or management of the supporting organization was vested in the same persons that ontrolled or managed the supported organization(s). Setion D. All Type III Supporting Organizations Did the organization provide to eah of its supported organizations, y the last day of the fifth month of the organization s tax year, (i) a written notie desriing the type and amount of support provided during the prior tax year, (ii) a opy of the Form 990 that was most reently filed as of the date of notifiation, and (iii) opies of the organization s governing douments in effet on the date of notifiation, to the extent not previously provided? Were any of the organization s offiers, diretors, or trustees either (i) appointed or eleted y the supported organization(s) or (ii) serving on the governing ody of a supported organization? If "No," explain in Part VI how the organization maintained a lose and ontinuous working relationship with the supported organization(s). By reason of the relationship desried in (), did the organization s supported organizations have a Did sustantially all of the organization s ativities during the tax year diretly further the exempt purposes of the supported organization(s) to whih the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these ativities diretly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these ativities onstituted sustantially all of its ativities. Did the ativities desried in (a) onstitute ativities that, ut for the organization s involvement, one or more of the organization s supported organization(s) would have een engaged in? If "Yes," explain in Part VI the reasons for the organization s position that its supported organization(s) would have engaged in these ativities ut for the organization s involvement. Parent of Supported Organizations. Answer (a) and () elow. Did the organization have the power to regularly appoint or elet a majority of the offiers, diretors, or trustees of eah of the supported organizations? Provide details in Part VI. Did the organization exerise a sustantial degree of diretion over the poliies, programs, and ativities of eah of its supported organizations? If "Yes," desrie in Part VI the role played y the organization in this regard a a a Yes Yes Yes No No No No Shedule A (Form 990 or 990-EZ) 06

19 North Dakota State University Shedule A (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Page 6 Part V Type III Non-Funtionally Integrated 509(a)() Supporting Organizations Chek here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 0, 970 (explain in Part VI.) See instrutions. All Setion A - Adjusted Net Inome Adjusted Net Inome (sutrat lines 5, 6, and 7 from line 4) Setion B - Minimum Asset Amount a d e other Type III non-funtionally integrated supporting organizations must omplete Setions A through E. Net short-term apital gain Reoveries of prior-year distriutions Other gross inome (see instrutions) Add lines through Depreiation and depletion Portion of operating expenses paid or inurred for prodution or olletion of gross inome or for management, onservation, or maintenane of property held for prodution of inome (see instrutions) Other expenses (see instrutions) Aggregate fair market value of all non-exempt-use assets (see instrutions for short tax year or assets held for part of year): Average monthly value of seurities Average monthly ash alanes Fair market value of other non-exempt-use assets Total (add lines a,, and ) Disount laimed for lokage or other fators (explain in detail in Part VI): Aquisition indetedness appliale to non-exempt-use assets Sutrat line from line d Cash deemed held for exempt use. Enter -/% of line (for greater amount, see instrutions) Net value of non-exempt-use assets (sutrat line 4 from line ) Multiply line 5 y.05 Reoveries of prior-year distriutions Minimum Asset Amount (add line 7 to line 6) a d (A) Prior Year (A) Prior Year (B) Current Year (optional) (B) Current Year (optional) Setion C - Distriutale Amount Current Year Adjusted net inome for prior year (from Setion A, line 8, Column A) Enter 85% of line Minimum asset amount for prior year (from Setion B, line 8, Column A) Enter greater of line or line 4 Inome tax imposed in prior year 5 Distriutale Amount. Sutrat line 5 from line 4, unless sujet to emergeny temporary redution (see instrutions) 6 Chek here if the urrent year is the organization s first as a non-funtionally integrated Type III supporting organization (see instrutions). Shedule A (Form 990 or 990-EZ)

20 North Dakota State University Shedule A (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Page 7 Part V Type III Non-Funtionally Integrated 509(a)() Supporting Organizations (ontinued) Setion D - Distriutions Current Year Amounts paid to supported organizations to aomplish exempt purposes Amounts paid to perform ativity that diretly furthers exempt purposes of supported organizations, in exess of inome from ativity Administrative expenses paid to aomplish exempt purposes of supported organizations Amounts paid to aquire exempt-use assets Qualified set-aside amounts (prior IRS approval required) Other distriutions (desrie in Part VI). See instrutions Total annual distriutions. Add lines through 6 Distriutions to attentive supported organizations to whih the organization is responsive (provide details in Part VI). See instrutions Distriutale amount for 06 from Setion C, line 6 Line 8 amount divided y Line 9 amount Setion E - Distriution Alloations (see instrutions) (i) Exess Distriutions (ii) Underdistriutions Pre-06 (iii) Distriutale Amount for 06 a d e f g h i j 4 a a d e Distriutale amount for 06 from Setion C, line 6 Underdistriutions, if any, for years prior to 06 (reasonale ause required- explain in Part VI). See instrutions Exess distriutions arryover, if any, to 06: From 0 From 04 From 05 Total of lines a through e Applied to underdistriutions of prior years Applied to 06 distriutale amount Carryover from 0 not applied (see instrutions) Remainder. Sutrat lines g, h, and i from f. Distriutions for 06 from Setion D, line 7: $ Applied to underdistriutions of prior years Applied to 06 distriutale amount Remainder. Sutrat lines 4a and 4 from 4 Remaining underdistriutions for years prior to 06, if any. Sutrat lines g and 4a from line. For result greater than zero, explain in Part VI. See instrutions Remaining underdistriutions for 06. Sutrat lines h and 4 from line. For result greater than zero, explain in Part VI. See instrutions Exess distriutions arryover to 07. Add lines j and 4 Breakdown of line 7: Exess from 0 Exess from 04 Exess from 05 Exess from 06 Shedule A (Form 990 or 990-EZ)

21 North Dakota State University Foundation and Alumni Assoiation Shedule A (Form 990 or 990-EZ) 06 Part VI Supplemental Information. Provide the explanations required y Part II, line 0; Part II, line 7a or 7; Part III, line ; Part IV, Setion A, lines,,,, 4, 4, 5a, 6, 9a, 9, 9, a,, and ; Part IV, Setion B, lines and ; Part IV, Setion C, line ; Part IV, Setion D, lines and ; Part IV, Setion E, lines, a,, a, and ; Part V, line ; Part V, Setion B, line e; Part V, Setion D, lines 5, 6, and 8; and Part V, Setion E, lines, 5, and 6. Also omplete this part for any additional information. (See instrutions.) Page Shedule A (Form 990 or 990-EZ) 06

22 Shedule B (Form 990, 990-EZ, or 990-PF) Department of the Treasury Internal Revenue Servie Attah to Form 990, Form 990-EZ, or Form 990-PF. Information aout Shedule B (Form 990, 990-EZ, or 990-PF) and its instrutions is at OMB No Name of the organization Employer identifiation numer North Dakota State University Foundation and Alumni Assoiation Organization type(hek one): ** PUBLIC DISCLOSURE COPY ** Shedule of Contriutors 06 Filers of: Setion: Form 990 or 990-EZ 50()( ) (enter numer) organization 4947(a)() nonexempt haritale trust not treated as a private foundation 57 politial organization Form 990-PF 50()() exempt private foundation 4947(a)() nonexempt haritale trust treated as a private foundation 50()() taxale private foundation Chek if your organization is overed y the General Rule or a Speial Rule. Note: Only a setion 50()(7), (8), or (0) organization an hek oxes for oth the General Rule and a Speial Rule. See instrutions. General Rule For an organization filing Form 990, 990-EZ, or 990-PF that reeived, during the year, ontriutions totaling $5,000 or more (in money or property) from any one ontriutor. Complete Parts I and II. See instrutions for determining a ontriutor s total ontriutions. Speial Rules For an organization desried in setion 50()() filing Form 990 or 990-EZ that met the /% support test of the regulations under setions 509(a)() and 70()()(A)(vi), that heked Shedule A (Form 990 or 990-EZ), Part II, line, 6a, or 6, and that reeived from any one ontriutor, during the year, total ontriutions of the greater of () $5,000 or () % of the amount on (i) Form 990, Part VIII, line h, or (ii) Form 990-EZ, line. Complete Parts I and II. For an organization desried in setion 50()(7), (8), or (0) filing Form 990 or 990-EZ that reeived from any one ontriutor, during the year, total ontriutions of more than $,000 exlusively for religious, haritale, sientifi, literary, or eduational purposes, or for the prevention of ruelty to hildren or animals. Complete Parts I, II, and III. For an organization desried in setion 50()(7), (8), or (0) filing Form 990 or 990-EZ that reeived from any one ontriutor, during the year, ontriutions exlusively for religious, haritale, et., purposes, ut no suh ontriutions totaled more than $,000. If this ox is heked, enter here the total ontriutions that were reeived during the year for an exlusively religious, haritale, et., purpose. Don t omplete any of the parts unless the General Rule applies to this organization eause it reeived nonexlusively religious, haritale, et., ontriutions totaling $5,000 or more during the year ~~~~~~~~~~~~~~~ $ Caution: An organization that isn t overed y the General Rule and/or the Speial Rules doesn t file Shedule B (Form 990, 990-EZ, or 990-PF), ut it must answer "No" on Part IV, line, of its Form 990; or hek the ox on line H of its Form 990-EZ or on its Form 990-PF, Part I, line, to ertify that it doesn t meet the filing requirements of Shedule B (Form 990, 990-EZ, or 990-PF). LHA For Paperwork Redution At Notie, see the Instrutions for Form 990, 990-EZ, or 990-PF. Shedule B (Form 990, 990-EZ, or 990-PF) (06)

23 Shedule B (Form 990, 990-EZ, or 990-PF) (06) Name of organization Employer identifiation numer North Dakota State University Foundation and Alumni Assoiation Page Part I Contriutors (See instrutions). Use dupliate opies of Part I if additional spae is needed. (a) No. () Name, address, and ZIP + 4 () Total ontriutions (d) Type of ontriution Person Payroll $,5,0. Nonash (Complete Part II for nonash ontriutions.) (a) No. () Name, address, and ZIP + 4 () Total ontriutions (d) Type of ontriution Person Payroll $,00,500. Nonash (Complete Part II for nonash ontriutions.) (a) No. () Name, address, and ZIP + 4 () Total ontriutions (d) Type of ontriution Person Payroll $ 6,05,000. Nonash (Complete Part II for nonash ontriutions.) (a) No. () Name, address, and ZIP + 4 () Total ontriutions (d) Type of ontriution 4 Person Payroll $,07,500. Nonash (Complete Part II for nonash ontriutions.) (a) No. () Name, address, and ZIP + 4 () Total ontriutions (d) Type of ontriution 5 Person Payroll $,45,000. Nonash (Complete Part II for nonash ontriutions.) (a) No. () Name, address, and ZIP + 4 () Total ontriutions (d) Type of ontriution 6 Person Payroll $,000,000. Nonash (Complete Part II for nonash ontriutions.) Shedule B (Form 990, 990-EZ, or 990-PF) (06)

24 Shedule B (Form 990, 990-EZ, or 990-PF) (06) Page Name of organization Employer identifiation numer North Dakota State University Foundation and Alumni Assoiation Part II Nonash Property (See instrutions). Use dupliate opies of Part II if additional spae is needed. (a) No. from Part I Shirts () Desription of nonash property given () FMV (or estimate) (See instrutions) (d) Date reeived $ /0/6 (a) No. from Part I () Desription of nonash property given () FMV (or estimate) (See instrutions) (d) Date reeived $ (a) No. from Part I () Desription of nonash property given () FMV (or estimate) (See instrutions) (d) Date reeived $ (a) No. from Part I () Desription of nonash property given () FMV (or estimate) (See instrutions) (d) Date reeived $ (a) No. from Part I () Desription of nonash property given () FMV (or estimate) (See instrutions) (d) Date reeived $ (a) No. from Part I () Desription of nonash property given () FMV (or estimate) (See instrutions) (d) Date reeived $ Shedule B (Form 990, 990-EZ, or 990-PF) (06)

25 Shedule B (Form 990, 990-EZ, or 990-PF) (06) Page 4 Name of organization Employer identifiation numer North Dakota State University Foundation and Alumni Assoiation Part III Exlusively religious, haritale, et., ontriutions to organizations desried in setion 50()(7), (8), or (0) that total more than $,000 for the year from any one ontriutor. Complete olumns (a) through (e) and the following line entry. For organizations ompleting Part III, enter the total of exlusively religious, haritale, et., ontriutions of $,000 or less for the year. (Enter this info. one.) $ Use dupliate opies of Part III if additional spae is needed. (a) No. from Part I () Purpose of gift () Use of gift (d) Desription of how gift is held (e) Transfer of gift Transferee s name, address, and ZIP + 4 Relationship of transferor to transferee (a) No. from Part I () Purpose of gift () Use of gift (d) Desription of how gift is held (e) Transfer of gift Transferee s name, address, and ZIP + 4 Relationship of transferor to transferee (a) No. from Part I () Purpose of gift () Use of gift (d) Desription of how gift is held (e) Transfer of gift Transferee s name, address, and ZIP + 4 Relationship of transferor to transferee (a) No. from Part I () Purpose of gift () Use of gift (d) Desription of how gift is held (e) Transfer of gift Transferee s name, address, and ZIP + 4 Relationship of transferor to transferee Shedule B (Form 990, 990-EZ, or 990-PF) (06)

26 SCHEDULE C (Form 990 or 990-EZ) For Organizations Exempt From Inome Tax Under setion 50() and setion 57 J Complete if the organization is desried elow. J Attah to Form 990 or Form 990-EZ. Department of the Treasury Internal Revenue Servie Information aout Shedule C (Form 990 or 990-EZ) and its instrutions is at OMB No Open to Puli Inspetion If the organization answered "Yes," on Form 990, Part IV, line, or Form 990-EZ, Part V, line 46 (Politial Campaign Ativities), then Setion 50()() organizations: Complete Parts I-A and B. Do not omplete Part I-C. Setion 50() (other than setion 50()()) organizations: Complete Parts I-A and C elow. Do not omplete Part I-B. Setion 57 organizations: Complete Part I-A only. Politial Campaign and Loying Ativities If the organization answered "Yes," on Form 990, Part IV, line 4, or Form 990-EZ, Part VI, line 47 (Loying Ativities), then Setion 50()() organizations that have filed Form 5768 (eletion under setion 50(h)): Complete Part II-A. Do not omplete Part II-B. 06 Setion 50()() organizations that have NOT filed Form 5768 (eletion under setion 50(h)): Complete Part II-B. Do not omplete Part II-A. If the organization answered "Yes," on Form 990, Part IV, line 5 (Proxy Tax) (see separate instrutions) or Form 990-EZ, Part V, line 5 (Proxy Tax) (see separate instrutions), then Setion 50()(4), (5), or (6) organizations: Complete Part III. Name of organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Part I-A Complete if the organization is exempt under setion 50() or is a setion 57 organization. Provide a desription of the organization s diret and indiret politial ampaign ativities in Part IV. Politial ampaign ativity expenditures ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J $ Volunteer hours for politial ampaign ativities ~~~~~~~~~~~~~~~~~~~~~~~~~~~~[[[~ Part I-B Complete if the organization is exempt under setion 50()(). Enter the amount of any exise tax inurred y the organization under setion 4955 ~~~~~~~~~~~~~ J $ Enter the amount of any exise tax inurred y organization managers under setion 4955 ~~~~~~~~~~ J $ 4a Was a orretion made? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," desrie in Part IV. Part I-C Complete if the organization is exempt under setion 50(), exept setion 50()(). Enter the amount diretly expended y the filing organization for setion 57 exempt funtion ativities ~~~~ J $ 4 5 If the organization inurred a setion 4955 tax, did it file Form 470 for this year? ~~~~~~~~~~~~~~~~~~~ Enter the amount of the filing organization s funds ontriuted to other organizations for setion 57 exempt funtion ativities ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J $ Total exempt funtion expenditures. Add lines and. Enter here and on Form 0-POL, line 7 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ J $ Did the filing organization file Form 0-POL for this year? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes No Enter the names, addresses and employer identifiation numer (EIN) of all setion 57 politial organizations to whih the filing organization made payments. For eah organization listed, enter the amount paid from the filing organization s funds. Also enter the amount of politial ontriutions reeived that were promptly and diretly delivered to a separate politial organization, suh as a separate segregated fund or a politial ation ommittee (PAC). If additional spae is needed, provide information in Part IV. (a) Name () Address () EIN (d) Amount paid from (e) Amount of politial filing organization s ontriutions reeived and funds. If none, enter -0-. promptly and diretly delivered to a separate politial organization. If none, enter -0-. Yes Yes No No For Paperwork Redution At Notie, see the Instrutions for Form 990 or 990-EZ. Shedule C (Form 990 or 990-EZ) 06 LHA

27 North Dakota State University Shedule C (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Page Part II-A Complete if the organization is exempt under setion 50()() and filed Form 5768 (eletion under setion 50(h)). A Chek J if the filing organization elongs to an affiliated group (and list in Part IV eah affiliated group memer s name, address, EIN, B Chek J expenses, and share of exess loying expenditures). if the filing organization heked ox A and "limited ontrol" provisions apply. Limits on Loying Expenditures (The term "expenditures" means amounts paid or inurred.) (a) Filing organization s totals () Affiliated group totals a d e f Total loying expenditures to influene puli opinion (grass roots loying) ~~~~~~~~~~ Total loying expenditures to influene a legislative ody (diret loying) ~~~~~~~~~~~ Total loying expenditures (add lines a and ) ~~~~~~~~~~~~~~~~~~~~~~~~ Other exempt purpose expenditures ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total exempt purpose expenditures (add lines and d) ~~~~~~~~~~~~~~~~~~~~ Loying nontaxale amount. Enter the amount from the following tale in oth olumns. If the amount on line e, olumn (a) or () is: The loying nontaxale amount is: Not over $500,000 0% of the amount on line e. Over $500,000 ut not over $,000,000 $00,000 plus 5% of the exess over $500,000. Over $,000,000 ut not over $,500,000 $75,000 plus 0% of the exess over $,000,000. Over $,500,000 ut not over $7,000,000 $5,000 plus 5% of the exess over $,500,000. Over $7,000,000 $,000,000. g h i j Grassroots nontaxale amount (enter 5% of line f) Sutrat line g from line a. If zero or less, enter -0- ~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~ Sutrat line f from line. If zero or less, enter -0- ~~~~~~~~~~~~~~~~~~~~~~~ If there is an amount other than zero on either line h or line i, did the organization file Form 470 reporting setion 49 tax for this year? 4-Year Averaging Period Under setion 50(h) (Some organizations that made a setion 50(h) eletion do not have to omplete all of the five olumns elow. See the separate instrutions for lines a through f.) Loying Expenditures During 4-Year Averaging Period Yes No Calendar year (or fisal year eginning in) (a) 0 () 04 () 05 (d) 06 (e) Total a Loying nontaxale amount Loying eiling amount (50% of line a, olumn(e)) Total loying expenditures d e Grassroots nontaxale amount Grassroots eiling amount (50% of line d, olumn (e)) f Grassroots loying expenditures Shedule C (Form 990 or 990-EZ)

28 North Dakota State University Shedule C (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Part II-B Complete if the organization is exempt under setion 50()() and has NOT filed Form 5768 (eletion under setion 50(h)). Page For eah "Yes," response on lines a through i elow, provide in Part IV a detailed desription of the loying ativity. (a) () Yes No Amount a d e f g h i j d If the filing organization inurred a setion 49 tax, did it file Form 470 for this year? Part III-A Complete if the organization is exempt under setion 50()(4), setion 50()(5), or setion 50()(6). Yes Did the organization agree to arry over loying and politial ampaign ativity expenditures from the prior year? Part III-B Complete if the organization is exempt under setion 50()(4), setion 50()(5), or setion 50()(6) and if either (a) BOTH Part III-A, lines and, are answered "No," OR () Part III-A, line, is answered "Yes." 4 a During the year, did the filing organization attempt to influene foreign, national, state or loal legislation, inluding any attempt to influene puli opinion on a legislative matter or referendum, through the use of: Volunteers? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Paid staff or management (inlude ompensation in expenses reported on lines through i)? Media advertisements? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Mailings to memers, legislators, or the puli? ~~~~~~~~~~~~~~~~~~~~~~~~~ Puliations, or pulished or roadast statements? Grants to other organizations for loying purposes? ~~~~~~~~~~~~~~~~~~~~~~ Setion 6(e) nondedutile loying and politial expenditures (do not inlude amounts of politial expenses for whih the setion 57(f) tax was paid). ~~~~~~~~~~~~~~~~~~~~~~ Diret ontat with legislators, their staffs, government offiials, or a legislative ody? ~~~~~~ Rallies, demonstrations, seminars, onventions, speehes, letures, or any similar means? ~~~~ Other ativities? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total. Add lines through i ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ a Did the ativities in line ause the organization to e not desried in setion 50()()? ~~~~ If "Yes," enter the amount of any tax inurred under setion 49 ~~~~~~~~~~~~~~~~ If "Yes," enter the amount of any tax inurred y organization managers under setion 49 ~~~ Were sustantially all (90% or more) dues reeived nondedutile y memers? ~~~~~~~~~~~~~~~~~ Did the organization make only in-house loying expenditures of $,000 or less? ~~~~~~~~~~~~~~~~ Dues, assessments and similar amounts from memers ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Current year Carryover from last year ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Aggregate amount reported in setion 60(e)()(A) noties of nondedutile setion 6(e) dues If noties were sent and the amount on line exeeds the amount on line, what portion of the exess does the organization agree to arryover to the reasonale estimate of nondedutile loying and politial expenditure next year? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 5 Taxale amount of loying and politial expenditures (see instrutions) 5 Part IV Supplemental Information Provide the desriptions required for Part I-A, line ; Part I-B, line 4; Part I-C, line 5; Part II-A (affiliated group list); Part II-A, lines and (see instrutions); and Part II-B, line. Also, omplete this part for any additional information. Part II-B, Line, Loying Ativities: ~ ~~~~~~~~ Our oard memers have had onversations with state legislators to eduate them on the differene in the funding of higher eduation institutions. a No Shedule C (Form 990 or 990-EZ) 06

29 SCHEDULE D OMB No (Form 990) Complete if the organization answered "Yes" on Form 990, Part IV, line 6, 7, 8, 9, 0, a,,, d, e, f, a, or. Department of the Treasury Attah to Form 990. Open to Puli Internal Revenue Servie Information aout Shedule D (Form 990) and its instrutions is at Inspetion Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Aounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds () Funds and other aounts a d a Total numer at end of year ~~~~~~~~~~~~~~~ Aggregate value of ontriutions to (during year) Aggregate value of grants from (during year) Aggregate value at end of year Complete lines a through d if the organization held a qualified onservation ontriution in the form of a onservation easement on the last day of the tax year. Held at the End of the Tax Year (i) (ii) ~~~~ ~~~~~~ ~~~~~~~~~~~~~ Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization s property, sujet to the organization s exlusive legal ontrol?~~~~~~~~~~~~~~~~~~ Did the organization inform all grantees, donors, and donor advisors in writing that grant funds an e used only for haritale purposes and not for the enefit of the donor or donor advisor, or for any other purpose onferring impermissile private enefit? Part II Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7. Purpose(s) of onservation easements held y the organization (hek all that apply). Preservation of land for puli use (e.g., rereation or eduation) Protetion of natural haitat Preservation of open spae Preservation of a historially important land area Preservation of a ertified histori struture Total numer of onservation easements ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total areage restrited y onservation easements ~~~~~~~~~~~~~~~~~~~~~~~~~~ Numer of onservation easements on a ertified histori struture inluded in (a) ~~~~~~~~~~~~ Numer of onservation easements inluded in () aquired after 8/7/06, and not on a histori struture listed in the National Register ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Numer of onservation easements modified, transferred, released, extinguished, or terminated y the organization during the tax year Numer of states where property sujet to onservation easement is loated Does the organization have a written poliy regarding the periodi monitoring, inspetion, handling of violations, and enforement of the onservation easements it holds? ~~~~~~~~~~~~~~~~~~~~~~~~~ Staff and volunteer hours devoted to monitoring, inspeting, handling of violations, and enforing onservation easements during the year Amount of expenses inurred in monitoring, inspeting, handling of violations, and enforing onservation easements during the year $ Does eah onservation easement reported on line (d) aove satisfy the requirements of setion 70(h)(4)(B)(i) and setion 70(h)(4)(B)(ii)? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ In Part III, desrie how the organization reports onservation easements in its revenue and expense statement, and alane sheet, and inlude, if appliale, the text of the footnote to the organization s finanial statements that desries the organization s aounting for onservation easements. Part III Organizations Maintaining Colletions of Art, Historial Treasures, or Other Similar Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 8. a If the organization eleted, as permitted under SFAS 6 (ASC 958), not to report in its revenue statement and alane sheet works of art, LHA historial treasures, or other similar assets held for puli exhiition, eduation, or researh in furtherane of puli servie, provide, in Part III, the text of the footnote to its finanial statements that desries these items. If the organization eleted, as permitted under SFAS 6 (ASC 958), to report in its revenue statement and alane sheet works of art, historial treasures, or other similar assets held for puli exhiition, eduation, or researh in furtherane of puli servie, provide the following amounts relating to these items: Revenue inluded on Form 990, Part VIII, line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ $ Assets inluded in Form 990, Part ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If the organization reeived or held works of art, historial treasures, or other similar assets for finanial gain, provide the following amounts required to e reported under SFAS 6 (ASC 958) relating to these items: Revenue inluded on Form 990, Part VIII, line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ $ Assets inluded in Form 990, Part Supplemental Finanial Statements For Paperwork Redution At Notie, see the Instrutions for Form 990. Shedule D (Form 990) 06 8 a d $ $ 06 Yes Yes Yes Yes No No No No 89,447.

30 North Dakota State University Shedule D (Form 990) 06 Foundation and Alumni Assoiation Page Part III Organizations Maintaining Colletions of Art, Historial Treasures, or Other Similar Assets (ontinued) Using the organization s aquisition, aession, and other reords, hek any of the following that are a signifiant use of its olletion items 4 a d e f d e If "Yes," explain the arrangement in Part III. Chek here if the explanation has een provided on Part III Part V Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 0. d e f g a (hek all that apply): Puli exhiition (i) (ii) Sholarly researh Preservation for future generations Loan or exhange programs Provide a desription of the organization s olletions and explain how they further the organization s exempt purpose in Part III. 5 During the year, did the organization soliit or reeive donations of art, historial treasures, or other similar assets to e sold to raise funds rather than to e maintained as part of the organization s olletion? Yes Part IV Esrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part, line. a Is the organization an agent, trustee, ustodian or other intermediary for ontriutions or other assets not inluded on Form 990, Part? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ (a) Current year () Prior year () Two years ak (d) Three years ak (e) Four years ak 4,674,44. 8,00,7.,989,40. 09,58,. 96,8,964.,94,77.,868,48. 4,99,95. 6,40,07. 7,59,4. 0,454,55. <,756,49.> 6,9,966. 6,,546. 0,55,5.,47,074.,954,508.,6,06.,90,0.,, Desrie in Part III the intended uses of the organization s endowment funds. Part VI Land, Buildings, and Equipment. Complete if the organization answered "Yes" on Form 990, Part IV, line a. See Form 990, Part, line 0. Desription of property (a) Cost or other () Cost or other () Aumulated (d) Book value asis (investment) asis (other) depreiation a Land ~~~~~~~~~~~~~~~~~~~~,04,7.,8,777.,586,904. Buildings ~~~~~~~~~~~~~~~~~~ 7,54,946. 4,59,99. 5,67,95.,997,690. Leasehold improvements ~~~~~~~~~~,476,55.,646,68. 80,47. d Equipment ~~~~~~~~~~~~~~~~~,4,.,86, ,476. e Other 890,60., ,84. Total. Add lines a through e. (Column (d) must equal Form 990, Part, olumn (B), line 0.) 8,487,58. Other If "Yes," explain the arrangement in Part III and omplete the following tale: Beginning alane Additions during the year ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Distriutions during the year ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Ending alane ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ a Did the organization inlude an amount on Form 990, Part, line, for esrow or ustodial aount liaility? ~~~~~ a Beginning of year alane Contriutions ~~~~~~~~~~~~~~ Net investment earnings, gains, and losses Grants or sholarships Other expenditures for failities and programs Administrative expenses End of year alane ~~~~~~~ ~~~~~~~~~ ~~~~~~~~~~~~~ ~~~~~~~~ ~~~~~~~~~~ Provide the estimated perentage of the urrent year end alane (line g, olumn (a)) held as: Board designated or quasi-endowment.9 % Permanent endowment % Temporarily restrited endowment 0.0 % The perentages on lines a,, and should equal 00%. a Are there endowment funds not in the possession of the organization that are held and administered for the organization y: unrelated organizations ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ related organizations ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes" on line a(ii), are the related organizations listed as required on Shedule R? ~~~~~~~~~~~~~~~~~~~~ d e f Yes Amount 4,59,954. 0,8, ,76. 5,9,5. 804,6.,8,0.,,5.,0,79.,87,79.,69,77. 67,0,. 4,674,44. 8,00,7.,989,40. 09,58,. Yes a(i) a(ii) Yes No No No No Shedule D (Form 990)

31 North Dakota State University Shedule D (Form 990) 06 Foundation and Alumni Assoiation Page Part VII Investments - Other Seurities. Complete if the organization answered "Yes" on Form 990, Part IV, line. See Form 990, Part, line. (a) Desription of seurity or ategory (inluding name of seurity) () Book value () Method of valuation: Cost or end-of-year market value () () (H) Total. (Col. () must equal Form 990, Part, ol. (B) line.) 45,55,84. Part VIII Investments - Program Related. Complete if the organization answered "Yes" on Form 990, Part IV, line. See Form 990, Part, line. (a) Desription of investment () Book value () Method of valuation: Cost or end-of-year market value () () () (4) (5) (6) (7) (8) (9) Total. (Col. () must equal Form 990, Part, ol. (B) line.) Part I Other Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line d. See Form 990, Part, line 5. (a) Desription () () () (4) (5) (6) (7) (8) (9) Total. (Column () must equal Form 990, Part, ol. (B) line 5.) Part Other Liailities. Complete if the organization answered "Yes" on Form 990, Part IV, line e or f. See Form 990, Part, line 5.. (a) Desription of liaility () Book value (9) Total. (Column () must equal Form 990, Part, ol. (B) line 5.). Finanial derivatives Closely-held equity interests ~~~~~~~~~~~~~~~ () Other (A) Mineral Interest (B) Partnership Funds (C) Real Estate Fund (D) Gloal hedge funds (E) (F) (G) () () () (4) (5) (6) (7) (8) ~~~~~~~~~~~,05. Cost 6,97,865. End-of-Year Market Value 4,64,44. End-of-Year Market Value,888,57. End-of-Year Market Value Federal inome taxes Gift Annuities Payale,5,554. Trusts Payale 4,7,79. Due To Fossum 8,88. Speial Assessments Payale 84,680. 7,540,4. () Book value Liaility for unertain tax positions. In Part III, provide the text of the footnote to the organization s finanial statements that reports the organization s liaility for unertain tax positions under FIN 48 (ASC 740). Chek here if the text of the footnote has een provided in Part III Shedule D (Form 990)

32 North Dakota State University Shedule D (Form 990) 06 Foundation and Alumni Assoiation Page 4 Part I Reoniliation of Revenue per Audited Finanial Statements With Revenue per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line a. Total revenue, gains, and other support per audited finanial statements Amounts inluded on line ut not on Form 990, Part VIII, line : ~~~~~~~~~~~~~~~~~~~ a Net unrealized gains (losses) on investments ~~~~~~~~~~~~~~~~~~ a Donated servies and use of failities ~~~~~~~~~~~~~~~~~~~~~~ Reoveries of prior year grants ~~~~~~~~~~~~~~~~~~~~~~~~~ d Other (Desrie in Part III.) ~~~~~~~~~~~~~~~~~~~~~~~~~~ d e Add lines a through d ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ e Sutrat line e from line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 Amounts inluded on Form 990, Part VIII, line, ut not on line : a Investment expenses not inluded on Form 990, Part VIII, line 7 ~~~~~~~~ 4a Other (Desrie in Part III.) ~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 Add lines 4a and 4 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 5 Total revenue. Add lines and 4. (This must equal Form 990, Part I, line.) 5 Part II Reoniliation of Expenses per Audited Finanial Statements With Expenses per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line a. Total expenses and losses per audited finanial statements ~~~~~~~~~~~~~~~~~~~~~~~~~~ Amounts inluded on line ut not on Form 990, Part I, line 5: a Donated servies and use of failities ~~~~~~~~~~~~~~~~~~~~~~ a Prior year adjustments ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other losses ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ d Other (Desrie in Part III.) ~~~~~~~~~~~~~~~~~~~~~~~~~~ d e Add lines a through d ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ e Sutrat line e from line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 Amounts inluded on Form 990, Part I, line 5, ut not on line : a Investment expenses not inluded on Form 990, Part VIII, line 7 ~~~~~~~~ 4a Other (Desrie in Part III.) ~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 Add lines 4a and 4 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 5 Total expenses. Add lines and 4. (This must equal Form 990, Part I, line 8.) 5 Part III Supplemental Information. Provide the desriptions required for Part II, lines, 5, and 9; Part III, lines a and 4; Part IV, lines and ; Part V, line 4; Part, line ; Part I, lines d and 4; and Part II, lines d and 4. Also omplete this part to provide any additional information. Part III, line 4: The Foundation has a ronze statue and wall hanging, depiting the ison masot and symol of NDSU. Items are on puli display to promote the University. Colletion of art is displayed on ampus to promote the visual arts and used in study for related majors. Part IV, line : Cash and ash equivalents held for others onsist of funds held and invested for various organizations. Investments held for others represent the portion of haritale remainder unitrusts for whih the Foundation holds the assets, ut is not the Shedule D (Form 990) 06

33 North Dakota State University Shedule D (Form 990) 06 Foundation and Alumni Assoiation Part III Supplemental Information (ontinued) Page 5 enefiiary. Part V, line 4: The endowment funds held y North Dakota State University Foundation & Alumni Assoiation have een estalished to follow donors wishes to provide an ongoing reliale soure of funding to North Dakota State University for student sholarships, faulty support, departmental support and organization operations. Part, Line : The Foundation is a pulily supported organization under Internal Revenue Code Setion 50()(), and is lassified as an organization whih is not a private foundation. Aordingly the Foundation is not sujet to federal inome taxes. In addition, the Foundation is sujet to inome tax on net inome that is derived from usiness ativities that are unrelated to its exempt purposes. The Foundation elieves that it has appropriate support for any tax positions taken affeting its annual filing requirements, and as suh, does not have any unertain tax positions that are material to the finanial statements. The Foundation would reognize future arued interest and penalties related to unreognized tax enefits and liailities in inome tax expense if suh interest and penalties are inurred. The Foundation s Form 990-T and other inome tax filings required y the state of North Dakota are no longer sujet to tax examination for years efore Shedule D (Form 990) 06

34 SCHEDULE F (Form 990) Department of the Treasury Internal Revenue Servie Complete if the organization answered "Yes" on Form 990, Part IV, line 4, 5, or 6. Attah to Form 990. Information aout Shedule F (Form 990) and its instrutions is at OMB No Open to Puli Inspetion Name of the organization Employer identifiation numer North Dakota State University Foundation and Alumni Assoiation Part I General Information on Ativities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 4. Statement of Ativities Outside the United States For grantmakers. Does the organization maintain reords to sustantiate the amount of its grants and other assistane, the grantees eligiility for the grants or assistane, and the seletion riteria used to award the grants or assistane? ~~ 06 Yes No For grantmakers. Desrie in Part V the organization s proedures for monitoring the use of its grants and other assistane outside the United States. Ativities per Region. (The following Part I, line tale an e dupliated if additional spae is needed.) (a) Region () Numer of () Numer of (d) Ativities onduted in the region (e) If ativity listed in (d) (f) Total offies in the region employees, agents, and independent ontrators in the region (y type) (suh as, fundraising, program servies, investments, grants to reipients loated in the region) is a program servie, desrie speifi type of servie(s) in the region expenditures for and investments in the region Central Ameria and the Cariean Investments,000,000. a Su-total ~~~~~~ Total from ontinuation 0 0,000,000. sheets to Part I ~~~ Totals (add lines a and ) 0 0,000,000. LHA For Paperwork Redution At Notie, see the Instrutions for Form 990. Shedule F (Form 990)

35 Shedule F (Form 990) 06 Part II North Dakota State University Foundation and Alumni Assoiation Grants and Other Assistane to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 5, for any reipient who reeived more than $5,000. Part II an e dupliated if additional spae is needed. Page (a) Name of organization () IRS ode setion and EIN (if appliale) () Region (d) Purpose of (e) Amount (f) Manner of (g) Amount of (h) Desription (i) Method of nonash of nonash valuation (ook, FMV, grant of ash grant ash disursement assistane assistane appraisal, other) Enter total numer of reipient organizations listed aove that are reognized as harities y the foreign ountry, reognized as tax-exempt y the IRS, or for whih the grantee or ounsel has provided a setion 50()() equivaleny letter ~~~~~~~~~~~~~~~~~~~~~~~ Enter total numer of other organizations or entities Shedule F (Form 990)

36 Shedule F (Form 990) 06 Part III Grants and Other Assistane to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. Part III an e dupliated if additional spae is needed. (a) Type of grant or assistane North Dakota State University Foundation and Alumni Assoiation () Region () Numer of (d) Amount of (e) Manner of (f) Amount of (g) Desription of (h) Method of reipients ash grant ash disursement nonash nonash assistane valuation assistane (ook, FMV, appraisal, other) Page Shedule F (Form 990)

37 North Dakota State University Shedule F (Form 990) 06 Foundation and Alumni Assoiation Part IV Foreign Forms Page 4 Was the organization a U.S. transferor of property to a foreign orporation during the tax year? If "Yes," the organization may e required to file Form 96, Return y a U.S. Transferor of Property to a Foreign Corporation (see Instrutions for Form 96) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes No Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may e required to separately file Form 50, Annual Return To Report Transations With Foreign Trusts and Reeipt of Certain Foreign Gifts, and/or Form 50-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instrutions for Forms 50 and 50-A; do not file with Form 990) ~~~~~~~~~~ Did the organization have an ownership interest in a foreign orporation during the tax year? If "Yes," the organization may e required to file Form 547, Information Return of U.S. Persons With Respet To Certain Foreign Corporations (see Instrutions for Form 547) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes Yes No No Was the organization a diret or indiret shareholder of a passive foreign investment ompany or a qualified eleting fund during the tax year? If "Yes," the organization may e required to file Form 86, Information Return y a Shareholder of a Passive Foreign Investment Company or Qualified Eleting Fund (see Instrutions for Form 86) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes No Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may e required to file Form 8865, Return of U.S. Persons With Respet to Certain Foreign Partnerships (see Instrutions for Form 8865) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes No Did the organization have any operations in or related to any oyotting ountries during the tax year? If "Yes," the organization may e required to separately file Form 57, International Boyott Report (see Instrutions for Form 57; do not file with Form 990) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes No Shedule F (Form 990)

38 North Dakota State University Shedule F (Form 990) 06 Foundation and Alumni Assoiation Part V Supplemental Information Provide the information required y Part I, line (monitoring of funds); Part I, line, olumn (f) (aounting method; amounts of investments vs. expenditures per region); Part II, line (aounting method); Part III (aounting method); and Part III, olumn () (estimated numer of reipients), as appliale. Also omplete this part to provide any additional information. See instrutions. Page Shedule F (Form 990) 06

39 OMB No SCHEDULE G Supplemental Information Regarding Fundraising or Gaming Ativities (Form 990 or 990-EZ) Complete if the organization answered "Yes" on Form 990, Part IV, line 7, 8, or 9, or if the 06 organization entered more than $5,000 on Form 990-EZ, line 6a. Department of the Treasury Attah to Form 990 or Form 990-EZ. Open to Puli Internal Revenue Servie Inspetion Information aout Shedule G (Form 990 or 990-EZ) and its instrutions is at Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Part I d a Did the organization have a written or oral agreement with any individual (inluding offiers, diretors, trustees, or If "Yes," list the 0 highest paid individuals or entities (fundraisers) pursuant to agreements under whih the fundraiser is to e (i) Fundraising Ativities. Complete if the organization answered "Yes" on Form 990, Part IV, line 7. Form 990-EZ filers are not required to omplete this part. Indiate whether the organization raised funds through any of the following ativities. Chek all that apply. a Mail soliitations e Soliitation of non-government grants Internet and soliitations f Soliitation of government grants Phone soliitations g Speial fundraising events In-person soliitations key employees listed in Form 990, Part VII) or entity in onnetion with professional fundraising servies? ompensated at least $5,000 y the organization. Name and address of individual or entity (fundraiser) (ii) Ativity (iii) Did fundraiser (iv) Gross reeipts have ustody or ontrol of from ativity ontriutions? Yes (v) Amount paid to (or retained y) fundraiser listed in ol. (i) No (vi) Amount paid to (or retained y) organization Ruffalo Noel Levitz - PO BO Yes No 78, Des Moines, IA Telemarketing 7,67. 5,. 0,560. Total 7,67. 5,. 0,560. List all states in whih the organization is registered or liensed to soliit ontriutions or has een notified it is exempt from registration or liensing. MN,AL,AK,AR,CA,CT,FL,GA,HI,ME,MA,MI,MS,MO,NH,NJ,NC,OR,PA,SC,UT,VA,WA,WV LHA For Paperwork Redution At Notie, see the Instrutions for Form 990 or 990-EZ. Shedule G (Form 990 or 990-EZ) 06 See Part IV for ontinuations

40 North Dakota State University Shedule G (Form 990 or 990-EZ) 06 Foundation and Alumni Assoiation Page Part II Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 8, or reported more than $5,000 of fundraising event ontriutions and gross inome on Form 990-EZ, lines and 6. List events with gross reeipts greater than $5,000. Revenue Gross reeipts ~~~~~~~~~~~~~~ (a) Event # () Event # () Other events BBB Aution BBB Dinner (event type) (event type) (total numer) (d) Total events (add ol. (a) through ol. ()) 50,69. 00,5. 8,8. 5,00. Less: Contriutions ~~~~~~~~~~~ 8,07. 48,99. 66,966. Gross inome (line minus line ), ,5.,4. 66,4. 4 Cash prizes ~~~~~~~~~~~~~~~,400.,400. Diret Expenses Net inome summary. Sutrat line 0 from line, olumn (d) Part III Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported more than Revenue Nonash prizes ~~~~~~~~~~~~~ Rent/faility osts ~~~~~~~~~~~~ Food and everages ~~~~~~~~~~ Entertainment ~~~~~~~~~~~~~~ Other diret expenses ~~~~~~~~~~ Diret expense summary. Add lines 4 through 9 in olumn (d) $5,000 on Form 990-EZ, line 6a. Gross revenue,666. 7,97. 40,06. (a) Bingo ~~~~~~~~~~~~~~~~~~~~~~~~ () Pull tas/instant ingo/progressive ingo 6,76.,054. 8, ,4.,8. 56,597. 7,48. 7,48. 5,7. 7,86. 7,69. 9,78. () Other gaming 64,970.,64. (d) Total gaming (add ol. (a) through ol. ()) Diret Expenses 4 Cash prizes ~~~~~~~~~~~~~~~ Nonash prizes ~~~~~~~~~~~~~ Rent/faility osts ~~~~~~~~~~~~ 5 6 Other diret expenses Volunteer laor ~~~~~~~~~~~~~ Yes % Yes % Yes % No No No 7 Diret expense summary. Add lines through 5 in olumn (d) ~~~~~~~~~~~~~~~~~~~~~~~~ 8 Net gaming inome summary. Sutrat line 7 from line, olumn (d) 9 Enter the state(s) in whih the organization onduts gaming ativities: a Is the organization liensed to ondut gaming ativities in eah of these states? ~~~~~~~~~~~~~~~~~~~~ If "No," explain: Yes No 0a Were any of the organization s gaming lienses revoked, suspended, or terminated during the tax year? ~~~~~~~~~ If "Yes," explain: Yes No Shedule G (Form 990 or 990-EZ) 06 9

41 Shedule G (Form 990 or 990-EZ) 06 4 Does the organization ondut gaming ativities with nonmemers? ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Is the organization a grantor, enefiiary or trustee of a trust, or a memer of a partnership or other entity formed to administer haritale gaming? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Indiate the perentage of gaming ativity onduted in: a The organization s faility North Dakota State University Foundation and Alumni Assoiation Yes Yes Page ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ a % An outside faility ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Enter the name and address of the person who prepares the organization s gaming/speial events ooks and reords: No No % Name Address 5a Does the organization have a ontrat with a third party from whom the organization reeives gaming revenue? ~~~~~~ Yes No If "Yes," enter the amount of gaming revenue reeived y the organization $ and the amount of gaming revenue retained y the third party $ If "Yes," enter name and address of the third party: Name Address 6 Gaming manager information: Name Gaming manager ompensation $ Desription of servies provided Diretor/offier Employee Independent ontrator 7 Mandatory distriutions: a Is the organization required under state law to make haritale distriutions from the gaming proeeds to retain the state gaming liense? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes No Enter the amount of distriutions required under state law to e distriuted to other exempt organizations or spent in the organization s own exempt ativities during the tax year $ Part IV Supplemental Information. Provide the explanations required y Part I, line, olumns (iii) and (v); and Part III, lines 9, 9, 0, 5, 5, 6, and 7, as appliale. Also provide any additional information. See instrutions Shedule G, Part I, Line, List of Ten Highest Paid Fundraisers: (i) Name of Fundraiser: Ruffalo Noel Levitz (i) Address of Fundraiser: PO BO 78, Des Moines, IA Shedule G (Form 990 or 990-EZ) 06

42 North Dakota State University Shedule G (Form 990 or 990-EZ) Foundation and Alumni Assoiation Part IV Supplemental Information (ontinued) Page Shedule G (Form 990 or 990-EZ)

43 SCHEDULE I (Form 990) Department of the Treasury Internal Revenue Servie Name of the organization Part I OMB No Complete if the organization answered "Yes" on Form 990, Part IV, line or. Attah to Form 990. Open to Puli Information aout Shedule I (Form 990) and its instrutions is at Inspetion North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation General Information on Grants and Assistane Grants and Other Assistane to Organizations, Governments, and Individuals in the United States 06 Does the organization maintain reords to sustantiate the amount of the grants or assistane, the grantees eligiility for the grants or assistane, and the seletion riteria used to award the grants or assistane? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Desrie in Part IV the organization s proedures for monitoring the use of grant funds in the United States. Part II Grants and Other Assistane to Domesti Organizations and Domesti Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line, for any reipient that reeived more than $5,000. Part II an e dupliated if additional spae is needed. (a) Name and address of organization () EIN () IRC setion (d) Amount of (e) Amount of (f) Method of (g) Desription of (h) Purpose of grant valuation (ook, or government (if appliale) ash grant non-ash nonash assistane or assistane FMV, appraisal, assistane other) Cash grants provided for North Dakota State University student sholarships, 40 Administration Ave faulty support, Fargo, ND NDSU 0,04,. 0. departmental support for Yes No Enter total numer of setion 50()() and government organizations listed in the line tale Enter total numer of other organizations listed in the line tale ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ LHA For Paperwork Redution At Notie, see the Instrutions for Form 990. Shedule I (Form 990) (06) See Part IV for Column (h) desriptions

44 North Dakota State University Shedule I (Form 990) (06) Foundation and Alumni Assoiation Part III Grants and Other Assistane to Domesti Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line. Part III an e dupliated if additional spae is needed. Page (a) Type of grant or assistane () Numer of () Amount of (d) Amount of nonash (e) Method of valuation (f) Desription of nonash assistane reipients ash grant assistane (ook, FMV, appraisal, other) Part IV Supplemental Information. Provide the information required in Part I, line ; Part III, olumn (); and any other additional information. Part I, Line : Grants are paid to or at the diretion of North Dakota State University for sholarships, departmental expenses, grants, and uildings and equipment. We provide grants in aordane with appliale donor restritions. The use of these grant funds are monitored throughout the year through the Request of Payment proess and sholarship proess. In addition, we rely on the University to monitor appropriate use of funds. Part II, line, Column (h): Shedule I (Form 990) (06)

45 North Dakota State University Shedule I (Form 990) Foundation and Alumni Assoiation Part IV Supplemental Information Page Name of Organization or Government: North Dakota State University (h) Purpose of Grant or Assistane: Cash grants provided for student sholarships, faulty support, departmental support for equipment, researh, supplies, travel, et Shedule I (Form 990)

46 SCHEDULE J (Form 990) Department of the Treasury Internal Revenue Servie For ertain Offiers, Diretors, Trustees, Key Employees, and Highest Compensated Employees Complete if the organization answered "Yes" on Form 990, Part IV, line. Attah to Form 990. Information aout Shedule J (Form 990) and its instrutions is at North Dakota State University OMB No Open to Puli Inspetion Name of the organization Employer identifiation numer Foundation and Alumni Assoiation Part I Questions Regarding Compensation a Chek the appropriate ox(es) if the organization provided any of the following to or for a person listed on Form 990, Part VII, Setion A, line a. Complete Part III to provide any relevant information regarding these items. First-lass or harter travel Travel for ompanions Tax indemnifiation and gross-up payments Disretionary spending aount Compensation Information Housing allowane or residene for personal use Payments for usiness use of personal residene Health or soial lu dues or initiation fees Personal servies (suh as, maid, hauffeur, hef) 06 Yes No If any of the oxes on line a are heked, did the organization follow a written poliy regarding payment or reimursement or provision of all of the expenses desried aove? If "No," omplete Part III to explain~~~~~~~~~~~ Did the organization require sustantiation prior to reimursing or allowing expenses inurred y all diretors, trustees, and offiers, inluding the CEO/Exeutive Diretor, regarding the items heked on line a? ~~~~~~~~~~~~ Indiate whih, if any, of the following the filing organization used to estalish the ompensation of the organization s CEO/Exeutive Diretor. Chek all that apply. Do not hek any oxes for methods used y a related organization to estalish ompensation of the CEO/Exeutive Diretor, ut explain in Part III. Compensation ommittee Written employment ontrat Independent ompensation onsultant Compensation survey or study Form 990 of other organizations Approval y the oard or ompensation ommittee 4 a During the year, did any person listed on Form 990, Part VII, Setion A, line a, with respet to the filing organization or a related organization: Reeive a severane payment or hange-of-ontrol payment? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Partiipate in, or reeive payment from, a supplemental nonqualified retirement plan? ~~~~~~~~~~~~~~~~~~~~ Partiipate in, or reeive payment from, an equity-ased ompensation arrangement? ~~~~~~~~~~~~~~~~~~~~ If "Yes" to any of lines 4a-, list the persons and provide the appliale amounts for eah item in Part III. 4a a a LHA Only setion 50()(), 50()(4), and 50()(9) organizations must omplete lines 5-9. For persons listed on Form 990, Part VII, Setion A, line a, did the organization pay or arue any ompensation ontingent on the revenues of: The organization? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any related organization? If "Yes" on line 5a or 5, desrie in Part III. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For persons listed on Form 990, Part VII, Setion A, line a, did the organization pay or arue any ompensation ontingent on the net earnings of: The organization? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Any related organization? If "Yes" on line 6a or 6, desrie in Part III. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For persons listed on Form 990, Part VII, Setion A, line a, did the organization provide any nonfixed payments not desried on lines 5 and 6? If "Yes," desrie in Part III~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Were any amounts reported on Form 990, Part VII, paid or arued pursuant to a ontrat that was sujet to the initial ontrat exeption desried in Regulations setion (a)()? If "Yes," desrie in Part III ~~~~~~~~~~~ If "Yes" on line 8, did the organization also follow the reuttale presumption proedure desried in Regulations setion ()? For Paperwork Redution At Notie, see the Instrutions for Form 990. Shedule J (Form 990) 06 5a 5 6a

47 North Dakota State University Shedule J (Form 990) 06 Foundation and Alumni Assoiation Part II Offiers, Diretors, Trustees, Key Employees, and Highest Compensated Employees. Use dupliate opies if additional spae is needed. For eah individual whose ompensation must e reported on Shedule J, report ompensation from the organization on row (i) and from related organizations, desried in the instrutions, on row (ii). Do not list any individuals that aren t listed on Form 990, Part VII. Note: The sum of olumns (B)(i)-(iii) for eah listed individual must equal the total amount of Form 990, Part VII, Setion A, line a, appliale olumn (D) and (E) amounts for that individual. Page (A) Name and Title (B) Breakdown of W- and/or 099-MISC ompensation (C) Retirement and (D) Nontaxale (E) Total of olumns (F) Compensation other deferred enefits (B)(i)-(D) in olumn (B) (i) Base (ii) Bonus & (iii) Other ompensation reported as deferred ompensation inentive reportale on prior Form 990 ompensation ompensation () John R. Glover (i), ,684. 0,45. 6, , President & CEO (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) Shedule J (Form 990)

48 North Dakota State University Shedule J (Form 990) 06 Foundation and Alumni Assoiation Part III Supplemental Information Provide the information, explanation, or desriptions required for Part I, lines a,,, 4a, 4, 4, 5a, 5, 6a, 6, 7, and 8, and for Part II. Also omplete this part for any additional information. Page Shedule J (Form 990)

49 SCHEDULE K (Form 990) Department of the Treasury Internal Revenue Servie Part I OMB No Supplemental Information on Tax-Exempt Bonds Complete if the organization answered "Yes" on Form 990, Part IV, line 4a. Provide desriptions, 06 explanations, and any additional information in Part VI. Open to Puli Attah to Form 990. Information aout Shedule K (Form 990) and its instrutions is at Inspetion North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Bond Issues See Part VI for Columns (a) and (f) Continuations (a) Issuer name () Issuer EIN () CUSIP # (d) Date issued (e) Issue prie (f) Desription of purpose (g) Defeased (h) On ehalf (i) Pooled of issuer finaning Name of the organization Yes No Yes No Yes No Finane A Cass County, ND None /0/05,500,000. Constrution & Eq North Dakota State Payment of loan B University Foundation an None /7/0 5,650,000. inurred for reno To refund onds C City of Fargo, ND BC5 05//,45,894. issued /9/007 D Part II Part III Proeeds Amount of onds retired Amount of onds legally defeased Does the organization maintain adequate ooks and reords to support the final alloation of proeeds? Private Business Use Total proeeds of issue Gross proeeds in reserve funds Capitalized interest from proeeds Proeeds in refunding esrows Issuane osts from proeeds Credit enhanement from proeeds Working apital expenditures from proeeds Capital expenditures from proeeds Other spent proeeds Other unspent proeeds Year of sustantial ompletion Were the onds issued as part of a urrent refunding issue? Were the onds issued as part of an advane refunding issue? Has the final alloation of proeeds een made? Was the organization a partner in a partnership, or a memer of an LLC, whih owned property finaned y tax-exempt onds? A B C D,06,976.,00,000.,545,894.,500,000. 5,650,000.,45,894. 8,500.,489. 6,9.,48,500. 5,68,5.,98, Yes No Yes No Yes No Yes No A B C D Yes No Yes No Yes No Yes No Are there any lease arrangements that may result in private usiness use of ond-finaned property? LHA For Paperwork Redution At Notie, see the Instrutions for Form Shedule K (Form 990) 06

50 North Dakota State University Shedule K (Form 990) 06 Foundation and Alumni Assoiation Part III Private Business Use (Continued) a d Part IV a d e Are there any management or servie ontrats that may result in private usiness use of ond-finaned property? If "Yes" to line a, does the organization routinely engage ond ounsel or other outside ounsel to review any management or servie ontrats relating to the finaned property? Are there any researh agreements that may result in private usiness use of ond-finaned property? If "Yes" to line, does the organization routinely engage ond ounsel or other outside ounsel to review any researh agreements relating to the finaned property? Aritrage A B C D Yes No Yes No Yes No Yes No Enter the perentage of finaned property used in a private usiness use y entities other than a setion 50()() organization or a state or loal government.00 %.00 %.00 % % Enter the perentage of finaned property used in a private usiness use as a result of unrelated trade or usiness ativity arried on y your organization, another setion 50()() organization, or a state or loal government.00 %.00 %.00 % % Total of lines 4 and 5.00 %.00 %.00 % % Does the ond issue meet the private seurity or payment test? 8a Has there een a sale or disposition of any of the ond-finaned property to a nongovernmental person other than a 50()() organization sine the onds were issued? If "Yes" to line 8a, enter the perentage of ond-finaned property sold or disposed of % % % % If "Yes" to line 8a, was any remedial ation taken pursuant to Regulations setions.4- and.45-? Has the organization estalished written proedures to ensure that all nonqualified onds of the issue are remediated in aordane with the requirements under Regulations setions.4- and.45-? Has the issuer filed Form 808-T, Aritrage Reate, Yield Redution and Penalty in Lieu of Aritrage Reate? If "No" to line, did the following apply? Reate not due yet? Exeption to reate? No reate due? If "Yes" to line, provide in Part VI the date the reate omputation was performed Is the ond issue a variale rate issue? 4a Has the organization or the governmental issuer entered into a qualified hedge with respet to the ond issue? Name of provider Term of hedge Was the hedge superintegrated? Was the hedge terminated? A B C D Yes No Yes No Yes No Yes No Page Shedule K (Form 990) 06

51 Shedule K (Form 990) 06 Part IV Aritrage (Continued) 5a Were gross proeeds invested in a guaranteed investment ontrat (GIC)? 6 7 d Part V Proedures To Undertake Corretive Ation Name of provider Term of GIC North Dakota State University Foundation and Alumni Assoiation Was the regulatory safe haror for estalishing the fair market value of the GIC satisfied? Were any gross proeeds invested eyond an availale temporary period? Has the organization estalished written proedures to monitor the requirements of setion 48? Has the organization estalished written proedures to ensure that violations of federal tax requirements are timely identified and orreted through the voluntary losing agreement program if self-remediation isn t availale under appliale regulations? Part VI Supplemental Information. Provide additional information for responses to questions on Shedule K. See instrutions Shedule K, Part I, Bond Issues: (a) Issuer Name: Cass County, ND (f) Desription of Purpose: Finane Constrution & Equipment of Offies A B C D Yes No Yes No Yes No Yes No A B C D Yes No Yes No Yes No Yes No (a) Issuer Name: North Dakota State University Foundation and Alumni Assoiation (f) Desription of Purpose: Payment of loan inurred for renovation of ldg for lassrooms and offies Shedule K, Part IV, Aritrage, Line : (a) Issuer Name: Cass County, ND Date the Reate Computation was Performed: /0/007 Shedule K, Part IV, line, Bond A: As of Novemer 0, 007 there no remaining proeeds of the Series 005 onds. There have een no additional proeeds or sales and therefore no future aritrage alulations are neessary. Page Shedule K (Form 990) 06

52 OMB No SCHEDULE M (Form 990) J 06 Complete if the organizations answered "Yes" on Form 990, Part IV, lines 9 or 0. Department of the Treasury J Attah to Form 990. Open To Puli Internal Revenue Servie J Information aout Shedule M (Form 990) and its instrutions is at Inspetion Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Part I Types of Property (a) () () (d) Chek if Numer of Nonash ontriution Method of determining appliale ontriutions or amounts reported on nonash ontriution amounts Art - Works of art ~~~~~~~~~~~~~ Art - Historial treasures ~~~~~~~~~ Art - Frational interests ~~~~~~~~~~ Books and puliations ~~~~~~~~~~ Clothing and household goods ~~~~~~ Cars and other vehiles ~~~~~~~~~~ Boats and planes ~~~~~~~~~~~~~ Intelletual property Seurities - Pulily traded ~~~~~~~~~~~ ~~~~~~~~ Seurities - Closely held stok~~~~~~~ Seurities - Partnership, LLC, or trust interests Seurities - Misellaneous ~~~~~~~~~~~~~~ Qualified onservation ontriution - Histori strutures ~~~~~~~~ ~~~~~~~~~~~~ Qualified onservation ontriution - Other~ Real estate - Residential Real estate - Commerial ~~~~~~~~~ Real estate - Other ~~~~~~~~~ ~~~~~~~~~~~~ Colletiles ~~~~~~~~~~~~~~~~ Food inventory ~~~~~~~~~~~~~~ Drugs and medial supplies ~~~~~~~~ Taxidermy Historial artifats Sientifi speimens ~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~ ~~~~~~~~~~~ Arheologial artifats ~~~~~~~~~~ Other J ( Various House ) 5 89,495.FMV Other J ( Cattle ),700.FMV Other J ( ) Other J ( ) Numer of Forms 88 reeived y the organization during the tax year for ontriutions for whih the organization ompleted Form 88, Part IV, Donee Aknowledgement ~~~~ 0a During the year, did the organization reeive y ontriution any property reported in Part I, lines through 8, that it must hold for at least three years from the date of the initial ontriution, and whih isn t required to e used for exempt purposes for the entire holding period? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," desrie the arrangement in Part II. Does the organization have a gift aeptane poliy that requires the review of any nonstandard ontriutions? ~~~~~~ a Does the organization hire or use third parties or related organizations to soliit, proess, or sell nonash LHA ontriutions? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If "Yes," desrie in Part II. If the organization didn t report an amount in olumn () for a type of property for whih olumn (a) is heked, desrie in Part II. Nonash Contriutions items ontriuted Form 990, Part VIII, line g,500.fmv,000.fmv 65,66,67.Average High/Low 5,000.Audited Value 8,76.FMV 880.FMV For Paperwork Redution At Notie, see the Instrutions for Form 990. Shedule M (Form 990) (06) 9 0a a Yes No

53 North Dakota State University Shedule M (Form 990) (06) Foundation and Alumni Assoiation Page Part II Supplemental Information. Provide the information required y Part I, lines 0,, and, and whether the organization is reporting in Part I, olumn (), the numer of ontriutions, the numer of items reeived, or a omination of oth. Also omplete this part for any additional information Shedule M (Form 990) (06) 5

54 SCHEDULE O (Form 990 or 990-EZ) Department of the Treasury Internal Revenue Servie Name of the organization Supplemental Information to Form 990 or 990-EZ 06 OMB No Complete to provide information for responses to speifi questions on Form 990 or 990-EZ or to provide any additional information. Attah to Form 990 or 990-EZ. Open to Puli Information aout Shedule O (Form 990 or 990-EZ) and its instrutions is at Inspetion North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Form 990, Part I, Doing Business As: NDSU Foundation and Alumni Assoiation Form 990, Part III, Line, Desription of Organization Mission: understand and represent ommon interests. With the needs of the entire University in mind, we effiiently and effetively raise funds, manage assets and administer other privately funded resoures to stimulate ontinued development at NDSU. Form 990, Part VI, Setion A, line : The President of North Dakota State University and the President and CEO of the North Dakota State University Foundation & Alumni Assoiation shall serve as ex-offiio, non-voting memers. Form 990, Part VI, Setion A, line 4: Effetive January, 06, the NDSU Development Foundation merged with the NDSU Alumni Assoiation. The Foundation was also renamed the North Dakota State University Foundation and Alumni Assoiation. Both the Artiles and the Bylaws of the Foundation were revised. Those harged with governane are now an -memer Exeutive Governing Board, with memers appointed y the Foundation Board of Trustees and Alumni Diretors. Form 990, Part VI, Setion A, line 7a: A group known as Foundation Trustees shall have authority to elet six individuals from among its memers to serve on the Exeutive Governing Board. Another group known as Alumni Diretors shall have authority to LHA For Paperwork Redution At Notie, see the Instrutions for Form 990 or 990-EZ. Shedule O (Form 990 or 990-EZ) (06)

55 Shedule O (Form 990 or 990-EZ) (06) Page Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation elet five individuals from among its memers to serve on the Exeutive Governing Board. Form 990, Part VI, Setion A, line 8: There are no ommittees with authority to at on ehalf of the governing ody. Form 990, Part VI, Setion B, line : The Form 990 was reviewed y the Finane and Audit Committee and the Exeutive Governing Board efore filing. Form 990, Part VI, Setion B, Line : Foundation offiers, Exeutive Governing Board (EGB) memers, and staff are required to report any potential onflits of interest to the Chair of the EGB and the Foundation s VP of Operations for review and possile remedial ation. Suh ation may inlude holding the information on file, informing the EGB of the appearane of a onflit of interest, or requiring the EGB memer to either ease and desist the ativity or to resign from the Foundation EGB. Form 990, Part VI, Setion B, Line 5: The proess for determining ompensation for the President and CEO is the responsiility of the Foundation s Compensation Committee, omprised of the offiers of the Board. The Committee annually reviews mutually determined goals and ojetives of the inument. Salary adjustments are ased on a review of similar positions at 9 peer institutions, as determined y the ND State Board of Higher Eduation. In making salary reommendations, the ommittee takes advantage of information ompiled annually y the College Shedule O (Form 990 or 990-EZ) (06) 54

56 Shedule O (Form 990 or 990-EZ) (06) Page Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation and University Personnel Assoiation (CUPA) for those peer institutions. In turn, the President and CEO evaluates four diret reports, one of whih is the CFO, using mutually agreed to goals and ojetives for eah person. The CUPA report is used for salary omparisons for similar positions at peer institutions. The President and CEO s reommendation on salary is forwarded to the Committee for review. As part of the annual udget, all salaries are then approved, in turn, y the Finane & Audit Committee and the Exeutive Governing Board. Form 990, Part VI, Setion C, Line 9: The Organization s governing douments, onflit of interest poliy and finanial statements are availale upon request. In addition, the most reent audited finanial statements are availale on our wesite. Form 990, Part I, line 9, Changes in Net Assets: Change in Split Interest Agreements -,87,47. Fossum Transfer,000. Total to Form 990, Part I, Line 9 -,75, Shedule O (Form 990 or 990-EZ) (06)

57 Related Organizations and Unrelated Partnerships OMB No SCHEDULE R (Form 990) Complete if the organization answered "Yes" on Form 990, Part IV, line, 4, 5, 6, or Attah to Form 990. Department of the Treasury Open to Puli Internal Revenue Servie Information aout Shedule R (Form 990) and its instrutions is at Inspetion Name of the organization North Dakota State University Employer identifiation numer Foundation and Alumni Assoiation Part I Identifiation of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line. (a) () () (d) (e) (f) Name, address, and EIN (if appliale) of disregarded entity Primary ativity Legal domiile (state or foreign ountry) Total inome End-of-year assets Diret ontrolling entity Part II Identifiation of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 4 eause it had one or more related tax-exempt organizations during the tax year. (a) () () (d) (e) (f) (g) Name, address, and EIN of related organization Primary ativity Legal domiile (state or foreign ountry) Exempt Code setion Puli harity status (if setion 50()()) Diret ontrolling entity Yes Fossum Foundation, In NDSU Foundation & 4 University Dr. N Alumni Fargo, ND 580 Supporting Organization North Dakota 50()() Line a, I Assoiation Setion 5()() ontrolled entity? No For Paperwork Redution At Notie, see the Instrutions for Form 990. Shedule R (Form 990) LHA 56

58 Shedule R (Form 990) 06 Part III Identifiation of Related Organizations Taxale as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 4 eause it had one or more related organizations treated as a partnership during the tax year. (a) () () (d) (e) (f) (g) (h) (i) (j) (k) Legal Primary ativity domiile Diret ontrolling Predominant inome Share of total Share of Disproportionate Code V-UBI General or managing (state or entity (related, unrelated, inome end-of-year amount in ox alloations? partner? foreign exluded from tax under assets 0 of Shedule ountry) setions 5-54) Yes No K- (Form 065) Yes No Name, address, and EIN of related organization North Dakota State University Foundation and Alumni Assoiation Page Perentage ownership Part IV Identifiation of Related Organizations Taxale as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 4 eause it had one or more related organizations treated as a orporation or trust during the tax year. (a) () () (d) (e) (f) (g) (h) (i) Name, address, and EIN of related organization Primary ativity Legal domiile (state or foreign ountry) Diret ontrolling entity Type of entity (C orp, S orp, or trust) Share of total inome Share of end-of-year assets Perentage ownership Setion 5()() ontrolled entity? Yes No Charitale Remainder Unitrusts () Charitale Trust ND N/A TRUST N/A N/A N/A Charitale Remainder Annuity Trust () Charitale Trust ND N/A TRUST N/A N/A N/A Perpetual Trust () Charitale Trust MN N/A TRUST N/A N/A N/A See Part VII for Continuations Shedule R (Form 990) 06

59 Shedule R (Form 990) 06 North Dakota State University Foundation and Alumni Assoiation Page Part V Transations With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 4, 5, or 6. Note: Complete line if any entity is listed in Parts II, III, or IV of this shedule. Yes No a d e During the tax year, did the organization engage in any of the following transations with one or more related organizations listed in Parts II-IV? Reeipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a ontrolled entity ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ a Gift, grant, or apital ontriution to related organization(s) Gift, grant, or apital ontriution from related organization(s) Loans or loan guarantees to or for related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Loans or loan guarantees y related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ d e f g h i j Dividends from related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Sale of assets to related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Purhase of assets from related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Exhange of assets with related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Lease of failities, equipment, or other assets to related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ f g h i j k Lease of failities, equipment, or other assets from related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ l Performane of servies or memership or fundraising soliitations for related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ m Performane of servies or memership or fundraising soliitations y related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ n Sharing of failities, equipment, mailing lists, or other assets with related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ o Sharing of paid employees with related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ k l m n o p q Reimursement paid to related organization(s) for expenses ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Reimursement paid y related organization(s) for expenses~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ p q r s Other transfer of ash or property to related organization(s) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other transfer of ash or property from related organization(s) If the answer to any of the aove is "Yes," see the instrutions for information on who must omplete this line, inluding overed relationships and transation thresholds. r s (a) () () (d) Name of related organization Transation Amount involved Method of determining amount involved type (a-s) () () () (4) (5) (6) Shedule R (Form 990) 06

60 Shedule R (Form 990) 06 North Dakota State University Foundation and Alumni Assoiation Page 4 Part VI Unrelated Organizations Taxale as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 7. Provide the following information for eah entity taxed as a partnership through whih the organization onduted more than five perent of its ativities (measured y total assets or gross revenue) that was not a related organization. See instrutions regarding exlusion for ertain investment partnerships. (a) () () (d) (e) (f) (g) (h) (i) (j) (k) Are all Primary ativity Predominant inome partners se. Share of Share of Disproportionate amount in ox 0 managing Code V-UBI General or (related, unrelated, 50()() orgs.? total end-of-year alloations? partner? Name, address, and EIN of entity Legal domiile (state or foreign ountry) exluded from tax under setions 5-54) of Shedule K- inome assets Yes No Yes No (Form 065) Yes No Perentage ownership Shedule R (Form 990)

61 North Dakota State University Shedule R (Form 990) 06 Foundation and Alumni Assoiation Part VII Supplemental Information. Provide additional information for responses to questions on Shedule R. See instrutions. Page 5 Part IV, Identifiation of Related Organizations Taxale as Corp or Trust: Name of Related Organization: Charitale Remainder Unitrusts () Diret Controlling Entity: NDSU Foundation & Alumni Assoiation Name of Related Organization: Charitale Remainder Annuity Trust () Diret Controlling Entity: NDSU Foundation & Alumni Assoiation Name of Related Organization: Perpetual Trust () Diret Controlling Entity: NDSU Foundation & Alumni Assoiation Shedule R (Form 990) 06

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