Southwest Minnesota State University Foundation Inc Smsu Fdn

Organization Overview

Southwest Minnesota State University Foundation Inc Smsu Fdn is located in Marshall, MN. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Minnesota State University Foundation Inc Smsu Fdn 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 06/2021, Southwest Minnesota State University Foundation Inc Smsu Fdn generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY AND RAISE MONEY FOR SCHOLARSHIPS FOR STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS: A SPECIFIC GIFT APPLIES TOWARD TUITION AND FEES FOR STUDENTS WHO DEMONSTRATE ACADEMIC AND/OR ATHLETIC LEADERSHIP, TO CONTINUE THEIR STUDIES AT SOUTHWEST MINNESOTA STATE UNIVERSITY.


UNIVERSITY PROMOTION AND RECRUITMENT: MONIES USED TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY THROUGH THE ADVERTISING MEDIA AND TO RECRUIT OUTSTANDING INDIVIDUALS TO ATTEND SOUTHWEST MINNESOTA STATE UNIVERSITY.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,223,810
Investment income $272,709
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $148,140
Net Gain/Loss on Asset Sales $573,433
Net Income from Fundraising Events $88,700
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$302
Miscellaneous Revenue$0
Total Revenue $3,698,366

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southwest Minnesota State University Foundation Inc Smsu Fdn has recieved totaling $39,000.

Awarding OrganizationAmount
$39,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,274,225
Earnings-$1,920,354
Admin Expense$179,951
Net Contributions$504,230
Other Expense$174,793
Grants$322,724
Ending Balance$14,180,633

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