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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristi Mukomela Secretary/tr | Officer | $0 | |
Jerry Bly Past Preside | Officer | $0 | |
Dave Werpy President | Officer | $0 | |
Dorene Kronke-Mccourt Director | Trustee | $0 | |
Brian Knochenmus Director | Trustee | $0 | |
Julie Bleyhl Director | Trustee | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $1,224,719 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $436,609 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $14,240 |
Office expenses | $40,635 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $304,807 |
Travel | $39,485 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $11,711 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,209 |
Insurance | $3,975 |
All other expenses | $0 |
Total functional expenses | $2,939,857 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $93,029 |
Savings and temporary cash investments | $321,722 |
Pledges and grants receivable | $947,345 |
Accounts receivable, net | $2,117 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $22,513 |
Prepaid expenses and deferred charges | $5,316 |
Investments—publicly traded securities | $17,846,922 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $64,083 |
Other assets | $389,202 |
Total assets | $24,583,502 |
Accounts payable and accrued expenses | $189,915 |
Grants payable | $0 |
Deferred revenue | $328,233 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,759,714 |
Total liabilities | $3,277,862 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $21,305,640 |
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 Organization | Amount |
---|---|
Organization Name not Listed PURPOSE: AG FUND. | | $39,000 |
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 |
Organization Name | Assets | Revenue |
---|---|---|
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |