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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part Ⅵ, line 24a. Provide descriptions,
explanations, and any additional information in Part Ⅵ.
SchKMediumBullet Attach to Form 990.
SchKMediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Name of the organization
Sanford Group Return
 
Employer identification number
45-3791176
Part Ⅰ
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer		 (i) Pool
financing
Yes No Yes No Yes No
A South Dakota Health and Educational Facilities Authority
  		46-0315509 83755VHY3 09-14-2004 70,073,989 2004: New construction of healthcare facilities   X   X   X
B City of Fargo
  		45-6002069 307479CK9 02-09-2011 134,069,821 2011: Refunding bonds issued 12/5/1996, 11/8/2000, and 6/18/2002 X     X   X
C South Dakota Health and Educational Facilities Authority
  		46-0315509 83755VVM3 11-01-2012 128,733,641 2012E: New construction and remodeling of healthcare facilities   X   X   X
D City of Chamberlain
  		46-0000094 000000000 12-30-2010 4,000,000 2010 Chamb: New construction of long-term care facilities   X   X   X
South Dakota Health and Educational Facilities Authority
  		46-0315509 000000000 03-29-2012 66,185,000 2012AB: Refunding bonds issued 9/12/2001 and 10/15/2002   X   X   X
South Dakota Health and Educational Facilities Authority
  		46-0315509 000000000 06-14-2012 45,000,000 2012D:Refinance taxable indebtedness used to construct healthcare facility   X   X   X
South Dakota Health and Educational Facilities Authority
  		46-0315509 83755VWA8 08-05-2014 52,083,720 2014A: Current refund 2004A issued 9/14/2004   X   X   X
South Dakota Health and Educational Facilities Authority
  		46-0315509 83755VXE9 10-28-2014 207,014,209 2014B: New construction and remodeling of healthcare facilities   X   X   X
South Dakota Health and Educational Facilities Authority
  		46-0315509 83755VZW7 10-21-2015 192,641,206 2015:New construction & advanced refunding of bonds issued 4/19/07, 5/22/07   X   X   X
South Dakota Health and Educational Facilities Authority
  		46-0315509 000000000 10-28-2016 50,000,000 2016: New Construction, equipment and improvements   X   X   X
Part Ⅱ
Proceeds
A B C D
1 Amount of bonds retired .................. 56,675,000 57,960,000   2,344,257
2 Amount of bonds legally defeased ..............   74,700,000    
3 Total proceeds of issue .................. 71,581,953 134,069,821 129,135,779 4,000,000
4 Gross proceeds in reserve funds ............. 67,057   6 1,123
5 Capitalized interest from proceeds .............       31,874
6 Proceeds in refunding escrows ...............        
7 Issuance costs from proceeds ............... 764,068 150,032 1,470,647 1,906,127
8 Credit enhancement from proceeds .............        
9 Working capital expenditures from proceeds .............        
10 Capital expenditures from proceeds ............. 70,817,885 45,000,000 127,665,132 4,000,000
11 Other spent proceeds ............. 66,160,644 134,069,821 52,083,720  
12 Other unspent proceeds .............        
13 Year of substantial completion ............. 2006 2012 2013 2010
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2019, a current refunding issue)? ........ 		  X X     X   X
15 Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2019, an advance refunding issue)? ........ 		  X X     X   X
16 Has the final allocation of proceeds been made? .......... X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. X   X   X   X  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2020

Schedule K (Form 990) 2020
Page 2
Part Ⅲ
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X   X   X    
3a Are there any management or service contracts that may result in private business use of bond-financed property? ............. X   X   X      
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? X   X   X      
c Are there any research agreements that may result in private business use of bond-financed property? .............   X   X   X    
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....SchKMediumBullet 0 % 0 % 0 %  
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government ......... SchKMediumBullet 0 % 0 % 0 %  
6 Total of lines 4 and 5 ............. 0 % 0 % 0 %  
7 Does the bond issue meet the private security or payment test? ...   X   X   X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X   X   X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..        
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............                
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2? ........ 		  X   X   X    
Part Ⅳ
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X   X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......   X   X   X   X
b Exception to rebate? ........   X   X X   X  
c No rebate due? ......... X   X     X   X
If "Yes" to line 2c, provide in Part Ⅵ the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? ..... X     X   X X  
Schedule K (Form 990) 2020

Schedule K (Form 990) 2020
Page 3
Part Ⅳ
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X   X
b Name of provider ..........  
  		 
  		 
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? ...   X   X   X   X
Part Ⅴ
Procedures To Undertake Corrective Action
--------------------------------------------------------------------------------------------------------------- A B C D
Yes No Yes No Yes No Yes No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?   X   X   X   X
Part Ⅵ
Supplemental Information. Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference Explanation
Date Rebate Computation Performed Issuer Name: South Dakota Health and Educational Facilities Authority Date the Rebate Computation was Performed: 09/14/2006 Issuer Name: City of Fargo Date the Rebate Computation was Performed: 02/09/2016 Issuer Name: South Dakota Health and Educational Facilities Authority Date the Rebate Computation was Performed: 03/29/2013 Issuer Name: South Dakota Health and Educational Facilities Authority Date the Rebate Computation was Performed: 10/30/2019 Issuer Name: South Dakota Health and Educational Facilities Authority Date the Rebate Computation was Performed: 11/12/2020
Schedule K, Part I, Bond Issues Bonds issued 10/28/2014, column(c) CUSIP #: 83755VXF6 and 83755VXE9 Bonds issued 9/14/2004, column(c) CUSIP #: 83755VHY3 and 83755VHZ0
Part I, Column e and Part II, Line 3 Differences between the issue price (Part I, column e) and total proceeds (Part II, line 3) are due to investment earnings.
Part II, Line 4 The amounts shown here consist of debt service fund deposits.
Part III Part III has not been completed for the 2011 City of Fargo bonds or for the 3/29/2012 South Dakota Health and Educational Facilities Authority bonds. These bonds refunded pre-2003 debt that does not have to be reported.
Part IV, Line 6 With respect to the 2011 City of Fargo bonds and the 3/29/2012 and 10/21/2015 South Dakota Health and Educational Facilities Authority bonds, this question is being answered without regard to a yield- restricted advance refunding escrow financed with proceeds of bonds.
Schedule K (Form 990) 2020

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