Minnesota State University Mankato Foundation Incorporated

Organization Overview

Minnesota State University Mankato Foundation Incorporated is located in Mankato, MN. The organization was established in 1959. 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. Minnesota State University Mankato Foundation Incorporated 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, Minnesota State University Mankato Foundation Incorporated generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 0.8% 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT MINNESOTA STATE UNIVERSITY, MANKATO.

Describe the Organization's Program Activity:

THE ORGANIZATION PROVIDES STUDENT AID OPPORTUNITIES FOR STUDENTS TO RECEIVE ACADEMIC SCHOLARSHIPS, ATHLETIC TALENT GRANTS, AND OTHER AWARDS AND SCHOLARSHIPS.


THE ORGANIZATION PROVIDES SUPPORT TO VARIOUS ACADEMIC AND ATHLETIC PROGRAMS, CLUBS, AND CONFERENCES OF THE UNIVERSITY. SUPPORT FOR UNIVERSITY ATHLETIC PROGRAMS - $436,305. SUPPORT FOR THE KMSU STUDIO CONSTRUCTION PROGRAM - $25,000. SUPPORT FOR UNIVERSITY MUSIC PROGRAMS - $13,100. SUPPORT FOR THEATRE & DANCE PROGRAMS - $10,034. SUPPORT FOR UNIVERSITY AUXILIARY PROGRAMS - $70,170. SUPPORT FOR EQUIPMENT AND FACILITIES FOR VARIOUS ATHLETICS AND ACADEMIC PROGRAMS - $55,349.


THE ORGANIZATION PROVIDES SUPPORT FOR THE DEVELOPMENT OF STUDENTS AND STAFF THROUGH CONFERENCES, CONVENTIONS, WORKSHOPS, MEETINGS, SPEAKERS, AND OTHER PROFESSIONAL DEVELOPMENT ACTIVITIES. THE ORGANIZATION PROVIDES SUPPORT FOR STAFF AND STUDENT SALARIES, SUPPLIES, EQUIPMENT RENTAL, PRINTING, POSTAGE, AND OTHER EXPENSES USED TO ASSIST DAILY EDUCATIONAL OPERATIONS AND ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Allan Bohlke
Board Chair
$0
Jim Lund
Board Vice-Chair
$0
Todd Loosbrock
Treasurer
$0
Jennifer Spaude
Secretary
$0
Harold K Stanley
Executive Director, Msumf
$0
Jim Clark
Director
$0

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$7,895,358
Noncash contributions included in lines 1a–1f $2,331,134
Total Revenue from Contributions, Gifts, Grants & Similar$7,895,358
Total Program Service Revenue$0
Investment income $788,785
Tax Exempt Bond Proceeds $0
Royalties $6,882
Net Rental Income -$38,697
Net Gain/Loss on Asset Sales $587,242
Net Income from Fundraising Events $4,640
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,285,148

Grants Awarded

Over the last fiscal year, Minnesota State University Mankato Foundation Incorporated has awarded $2,913,570 in support to 2 organizations.

Grant RecipientAmount

MINNESOTA STATE UNIVERSITY

PURPOSE: TO ASSIST THE UNIVERSITY IN AWARDING STUDENT SCHOLARSHIPS

$2,131,368

MINNESOTA STATE UNIVERSITY

PURPOSE: ASSISTING THE UNIVERSITY WITH PROGRAM RELATED COSTS AND PROMOTING THE UNIVERSITY, INCLUDING ATHLETIC TALENT GRANTS.

$782,202
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Minnesota State University Mankato Foundation Incorporated has recieved totaling $128.

Awarding OrganizationAmount
Annexstad Family Foundation

Mound, MN

PURPOSE: SCHOLARSHIP

$128
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$71,964,099
Earnings-$9,513,960
Admin Expense$808,042
Net Contributions$2,456,768
Grants$1,933,180
Ending Balance$62,165,685

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