Northern State University Foundation

Organization Overview

Northern State University Foundation is located in Aberdeen, SD. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Northern State University Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Northern State University Foundation generated $23.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $24.7m during the year ending 06/2020. While expenses have increased by 10.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Northern State University Foundation has awarded 72 individual grants totaling $190,681,115. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT, ADMINISTER FUNDS & PURSUE OTHER ACTIVITIES DEDICATED TO SECURING THE FUTURE OF NSU.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NSU FOUNDATION PAID 642 ATHLETIC, 776 ACADEMIC, AND 452 DEPARTMENTAL SCHOLARSHIPS TO STUDENTS ATTENDING NORTHERN STATE UNIVERSITY.


NSU FOUNDATION PROVIDED FUNDS TO SUPPORT NORTHERN STATE UNIVERSITY SPECIAL PROJECTS, INCLUDING COMMUNICATIONS & ALUMNI EVENTS OF 63,372, DEPARTMENTAL SUPPORT OF 1,260,885, OPERATIONAL SUPPORT OF 64,589 AND BUILDING ADDITIONS & RENOVATIONS OF 4,569,358.


NSU FOUNDATION PROVIDED SUPPORT OF VARIOUS NORTHERN STATE UNIVERSITY ATHLETIC ACTIVITIES, INCLUDING RECRUITMENT AND OPERATING SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Zach Flakus
President/ceo/non-Voting Director
$91,293
Cathy Hall
CFO (left July 2021)
$58,386
Dr Neal Schnoor
Non-Voting Director
$2,590
Chad Bergan
Past-Chair
$0
Michael Bockorny
Chair
$0
Megan Biegler
Chair-Elect
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$22,254,062
Investment income $497,738
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $125,178
Net Gain/Loss on Asset Sales $477,648
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $17,915
Miscellaneous Revenue$0
Total Revenue $23,577,331

Grants Awarded

Over the last fiscal year, Northern State University Foundation has awarded $9,660,068 in support to 5 organizations.

Grant RecipientAmount

NORTHERN STATE UNIVERSITY

PURPOSE: Capital Projects

$4,569,358

NORTHERN STATE UNIVERSITY

PURPOSE: Scholarships

$3,091,027

NORTHERN STATE UNIVERSITY

PURPOSE: Special Projects

$1,260,885

NORTHERN STATE UNIVERSITY

PURPOSE: Athletic Support

$674,209

NORTHERN STATE UNIVERSITY

PURPOSE: Operational Support

$64,589
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Northern State University Foundation has recieved totaling $1,003,161.

Awarding OrganizationAmount
Millicent Merle Atkins Charitable Tr

Aberdeen, SD

PURPOSE: Kindergarten and elementary school education programs at Northern State University

$444,608
South Dakota Community Foundation

Pierre, SD

PURPOSE: Education

$323,093
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$98,865
Hatterscheidt Foundation Inc

Aberdeen, SD

PURPOSE: SCHOLARSHIPS

$51,000
Christian Community Foundation Inc

Colorado Springs, CO

PURPOSE: EDUCATIONAL SUPPORT

$21,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$20,451
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,554,641
Earnings-$2,065,270
Net Contributions$2,874,017
Grants$2,091,715
Ending Balance$36,271,673

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