Dakota State University Foundation
- Assets
- $48.5m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, SD
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 23-7299995
Organization Overview
Dakota State University Foundation is located in Madison, SD. The organization was established in 2014. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Dakota 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 06/2021, Dakota State University Foundation generated $15.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $2.6m during the year ending 06/2021. 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
DAKOTA STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT NON-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF RAISING AND MANAGING PRIVATE FUNDING FOR THE BENEFIT OF DAKOTA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ASSISTS IN MAKING PAYMENTS TO OR ON BEHALF OF DAKOTA STATE UNIVERSITY FOR SCHOLARSHIPS.
EXPENDITURES FOR THE GENERAL SUPPORT OF DSU INCLUDING: PAYMENTS TO DSU ALUMNI ASSN FOR MAILING LIST, PAYMENTS FOR PROJECTS, AWARDS, DEPRECIATION AND MISCELLANEOUS EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzy Collignon-Hodgen Chair | OfficerTrustee | 1 | $0 |
Stacy Krusemark Treasurer | Officer | 1 | $0 |
Miles Beacom Board Member | Trustee | 1 | $0 |
Bill Beck Board Member | Trustee | 1 | $0 |
Bob Casagrande Board Member | Trustee | 1 | $0 |
Jeff Bloom Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $287,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,461,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,748,572 |
| Total Program Service Revenue | $0 |
| Investment income | $789,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $217,351 |
| Net Gain/Loss on Asset Sales | $1,458,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,213,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,823,132 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,700 |
| 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 | $49,481 |
| Fees for services: Other | $800 |
| Advertising and promotion | $0 |
| Office expenses | $29,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,834 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,592,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,239,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,079,462 |
| Investments—publicly traded securities | $36,848,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $357,499 |
| Total assets | $48,525,169 |
| Accounts payable and accrued expenses | $533 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $744,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,015,372 |
| Total liabilities | $15,760,334 |
| Net assets without donor restrictions | $5,555,004 |
| Net assets with donor restrictions | $27,209,831 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,525,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dakota State University Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $15,263,638 |
| Earnings | $30,218 |
| Net Contributions | $677,698 |
| Ending Balance | $15,971,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allen College Waterloo, IA | $31,467,568 | $14,208,836 |
Wyoming Catholic College Lander, WY | $8,783,917 | $10,070,665 |
University Of Wyoming Research Corporation Laramie, WY | $3,507,490 | $5,404,475 |
Cowboy Joe Club Inc Laramie, WY | $11,073,075 | $7,899,154 |
Lutherans Outdoors In South Dakota Inc Sioux Falls, SD | $6,849,322 | -$4,055,912 |
Bemidji State University Alumni And Foundation Bemidji, MN | $34,192,728 | $3,226,232 |
Dakota State University Foundation Madison, SD | $48,525,169 | $15,213,740 |
Grace University Omaha, NE | $1,715,138 | $14,095 |
Emma Eccles Jones Endowment Fund Des Moines, IA | $19,951,692 | $4,705,767 |
World Link Inc Kalona, IA | $100,114 | $1,130,092 |
Maharishi University Of Management Public Foundation Fairfield, IA | $812,429 | $1,590,716 |
Eastern Wyoming College Foundation Torrington, WY | $15,674,144 | $3,655,581 |