Ndsu Research Foundation

Organization Overview

Ndsu Research Foundation is located in Fargo, ND. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Ndsu Research 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, Ndsu Research Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST NORTH DAKOTA STATE UNIVERSITY IN TEACHING, RESEARCH, AND PUBLIC SERVICE PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION ASSISTS NORTH DAKOTA STATE UNIVERSITY IN ITS TEACHING, RESEARCH, AND PUBLIC SERVICE MISSIONS. IN ADDITION, IT PROMOTES SCIENTIFIC RESEARCH TO ENHANCE THE ECONOMIC AND RURAL DEVELOPMENT IN THE STATE OF NORTH DAKOTA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mohammed Mergoum
Inventor
$213,874
Mueting Raasch & Gebhardt Pa
Legal
$182,363
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $177,115
Tax Exempt Bond Proceeds $0
Royalties $1,556,765
Net Rental Income $0
Net Gain/Loss on Asset Sales -$8,795
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,725,085

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ndsu Research Foundation has recieved totaling $8,000.

Awarding OrganizationAmount
The American Center For Philanthropy Inc

Northfield, MN

PURPOSE: SCHOLARSHIPS

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,828,678
Earnings-$1,233,283
Admin Expense$147,037
Net Contributions$26,587
Ending Balance$10,474,945

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