WILLISTON STATE COLLEGE SUPPORTING FOUNDATION

EIN: 832369114 501(c)(3) Philanthropy & Grantmaking

WILLISTON, ND

Total Revenue
$5,078,705
Total Expenses
$6,641,650
Total Assets
$34,017,215
Net Assets
$32,942,572
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
ND
Principal Officer
LAURIE FURUSETH
Phone
7015729275
Tax Period
2024-07-01 to 2025-06-30

WILLISTON STATE COLLEGE SUPPORTING FOUNDATION, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.1M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 31% operating deficit.

Mission

WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

Program Service Accomplishments

Program 1
Expenses: $6,640,130

WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES...

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WILLISTON STATE COLLEGE SUPPORTING FOUNDATION SUPPORTS THE ACTIVITIES OF WILLISTON STATE COLLEGE FOUNDATION, WHICH INCLUDES BUILDING RELATIONSHIPS WITH ALUMNI, DONORS, AND SURROUNDING COMMUNITIES; GENERATING FINANCIAL SUPPORT; FUNDING STUDENT AND FACULTY DEVELOPMENT SCHOLARSHIPS; AND LEADING CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $161,450
Program Service Revenue $0
Investment Income $1,476,112
Other Revenue $3,441,143
TOTAL REVENUE $5,078,705

Expense Breakdown

Grants Paid $6,640,130
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,640,130
Other Expenses $1,520
TOTAL EXPENSES $6,641,650

Year-over-Year Comparison

2024 2023 Change
Revenue $5,078,705 $7,000,417 -0.3%
Expenses $6,641,650 $1,284 +5171.6%
Net Income $-1,562,945 $6,999,133 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
15

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$270,598
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARD KOESER DIRECTOR 0.50
Director
$0 $0 $0
BILL GATHMAN DIRECTOR 0.50
Director
$0 $0 $0
LANCE OLSON DIRECTOR 0.50
Director
$0 $0 $0
JACKIE LEE DIRECTOR 0.50
Director
$0 $0 $0
KATIE KRINGEN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
MELANIE STILLWELL DIRECTOR 0.50
Director
$0 $0 $0
LEE MURPHY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TAYLOR OLSON PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK BARSTAD DIRECTOR 0.50
Director
$0 $0 $0
JORY MEYER DIRECTOR 0.50
Director
$0 $0 $0
BRANDON JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
HUNTER BERG EXECUTIVE DIRECTOR 20.00
Officer
$0 $38,995 $195,537
LAURIE FURUSETH CFO 15.00
Officer
$0 $8,753 $75,061
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,078,705 $6,641,650 $34,017,215 $-1,562,945
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