Minnesota State University Moorhead Foundation Inc

Organization Overview

Minnesota State University Moorhead Foundation Inc is located in Moorhead, MN. The organization was established in 1971. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2024, Minnesota State University Moorhead Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota State University Moorhead Foundation Inc 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 06/2024, Minnesota State University Moorhead Foundation Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.8m during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE STUDENT SCHOLARSHIPS, DEPARTMENT SUPPORT AND ALUMNI ACTIVITIES FOR MSUM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES ACADEMIC SCHOLARSHIP FUNDING TO MINNESOTA STATE UNIVERSITY MOORHEAD. IN 2023-2024, 573 MSUM STUDENTS RECEIVED SCHOLARSHIPS, MANY OF WHOM ARE FIRST GENERATION UNIVERSITY STUDENTS. SCHOLARSHIP FUNDING SUPPORTS RECRUITMENT AND RETENTION OF STUDENTS. IT ALSO INCLUDES SCHOLARSHIPS TO STUDENT ATHLETES AS PART OF THEIR TOTAL AWARD PACKAGE FROM THE UNIVERSITY. FUNDRAISING FOR SCHOLARSHIPS IS A PRIORITY FOR THE FOUNDATION.


PROVIDES FUNDING TO MINNESOTA STATE UNIVERSITY MOORHEAD TO ENHANCE AND SUPPORT IT'S MISSION FOR ACADEMIC EXCELLENCE. FUNDING TO ACADEMIC DEPARTMENTS INCLUDES STUDENT RESEARCH PRESENTATION TRAVEL, NEW RIVERS PRESS, STUDENT AWARDS, FACULTY RESEARCH, DILLE FUND FOR EXCELLENCE, GLASRUD LECTURE SERIES, MARCIL CENTER FOR JOURNALISM PLUS MANY MORE. COMMUNITY OUTREACH PROGRAMS INCLUDES THE PERFORMING ARTS SERIES AND THE STRAW HAT PLAYERS STUDENT THEATRE.


PROVIDES FUNDING AND ACTIVITIES TO DEVELOP STRONG, ONGOING RELATIONSHIPS WITH MSUM ALUMNI AND FRIENDS INCLUDING HOMECOMING, VARIOUS COMMUNICATION TOOLS, REUNIONS AND OTHER ALUMNI FUNCTIONS AND EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jan Mahoney
President
$0
Adam Bernier
Vice President
$0
Ron Graham
Secretary
$0
Tim Sayler
Treasurer
$0
Brad Wimmer
Past President
$0
Tara Baltes
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$86,579
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,933,476
Noncash contributions included in lines 1a–1f $426,536
Total Revenue from Contributions, Gifts, Grants & Similar$3,020,055
Total Program Service Revenue$0
Investment income $3,618,646
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $229,243
Net Gain/Loss on Asset Sales -$641,161
Net Income from Fundraising Events -$35,183
Net Income from Gaming Activities $4,850
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,196,450

Peer Organizations

Organization NameAssets
Center For Advanced Studies In Business Inc
Madison, WI
$8,417,540
University Of Wisconsin Medical Alumni Association Inc
Madison, WI
$0
Minnesota State University Moorhead Foundation Inc
Moorhead, MN
$6,196,450
University Of Minnesota Alumni Association
Minneapolis, MN
$4,005,200
Iowa State University Alumni Association
Ames, IA
$3,613,244
University Of Northern Iowa Alumni Association
Cedar Falls, IA
$679,804
Alumni Association Of The University Of South Dakota
Vermillion, SD
$7,549
South Dakota State University Alumni Association
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$1,119,740
Enderlin Alumni Association
Alice, ND
$730,367
American Association Of University Women
Minneapolis, MN
$736,337
Mayo Medical Alumni Association
Rochester, MN
$694,543
South Dakota School Of Mines And Technology Alumni Association
Rapid City, SD
$0
Alpha Sigma Nu Incorporated
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Alpha Beta Chapter Of Alpha Delta Pi Alumnae Building Corporation
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$351,594
Alpha Gamma Rho Fraternity
Iowa Falls, IA
$397,333
Marion Independent School Foundation And Alumni Association
Marion, IA
$193,189
Thief River Falls Education Foundation
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$431,242
West Bend Community & Alumni Scholarship Foundation Inc
West Bend, WI
$549,236
University Of Wisconsin- Milwaukee Alumni Association Inc
Milwaukee, WI
$435,139
Alpha Gamma Rho Fraternity
St Paul, MN
$437,406
Society Of Beta Sigma Psi
Johnston, IA
$197,411
Alumni Association Of The University Of Wisconsin-Green Bay
Green Bay, WI
$0
National Agricultural Alumni & Development Association Inc
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$0
Uwm Alumni Association Inc
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$2,934,290
Titan Alumni Foundation Inc
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$909,048

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