Dakota State University Foundation
- Assets
- $118.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, SD
- Founding
- 08/2014
- Data as of
- 06/2022
- 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 06/2022, Dakota State University Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. 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
2022
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 |
|---|---|---|---|
Miles Beacom Board Member | Trustee | 1 | $0 |
Bill Beck Board Member | Trustee | 1 | $0 |
Jeff Bloom Board Member | Trustee | 1 | $0 |
Bob Casagrande Board Member | Trustee | 1 | $0 |
Suzy Collignon-Hodgen Chair | OfficerTrustee | 1 | $0 |
Roger Degroot Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,451 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,789,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,837,061 |
| Total Program Service Revenue | $0 |
| Investment income | $1,891,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $298,493 |
| Net Gain/Loss on Asset Sales | $433,347 |
| Net Income from Fundraising Events | $264,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,725,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,908,237 |
| 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 | $0 |
| 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 | $53,738 |
| Fees for services: Other | $327,601 |
| Advertising and promotion | $0 |
| Office expenses | $18,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,143 |
| Travel | $21,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,887,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,890,627 |
| Pledges and grants receivable | $26,886,015 |
| Accounts receivable, net | $745 |
| 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 | $2,289,641 |
| Investments—publicly traded securities | $68,681,344 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $297,346 |
| Total assets | $118,045,718 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $26,886,015 |
| 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 | $672,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,077,427 |
| Total liabilities | $98,636,082 |
| Net assets without donor restrictions | $2,261,370 |
| Net assets with donor restrictions | $17,148,266 |
| 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 | $118,045,718 |