Und Alumni Association And Foundation
- Assets
- $413.2m
- Revenue
- $55.2m
- Investments
- $68.4m
- Employees
- 74
- Location
- Grand Forks, ND
- Founding
- 11/1978
- Data as of
- 06/2020
- EIN
- 45-0348296
Organization Overview
Und Alumni Association And Foundation is located in Grand Forks, ND. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Und Alumni Association And Foundation employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Und Alumni Association And 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 06/2020, Und Alumni Association And Foundation generated $55.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $34.2m during the year ending 06/2020. While expenses have increased by 1.0% per year over the past 6 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.
Since 2016, Und Alumni Association And Foundation has awarded 70 individual grants totaling $131,938,652. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT UND STUDENTS, FACULTY, ALUMNI & COMMUNITY BY PROVIDING RESOURCES FOR GROWTH & DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUPPORT IS A TOP PRIORITY. IN FY21, THE ORGANIZATION GRANTED OVER $9.9 MILLION TO THE UNIVERSITY OF NORTH DAKOTA TO BE USED TO AWARD SCHOLARSHIPS TO STUDENTS IN THE FISCAL YEAR. THE STUDENT SUPPORT PRIORITY TO INCREASE ENDOWMENT SUPPORT FOR SCHOLARSHIPS WILL ENABLE THE UNIVERSITY TO RECRUIT AND RETAIN TOP STUDENTS.
THE ORGANIZATION PROVIDED OVER $10 MILLION IN DIRECT AND INDIRECT SUPPORT TO THE UNIVERSITY OF NORTH DAKOTA'S INITIATIVES FOR FACULTY, CAMPUS IMPROVEMENT PROJECTS, STUDENT PROGRAMS AND FOR THE UNIVERSITY'S PRIORITY NEEDS DURING THE PAST FISCAL YEAR.
THE ORGANIZATION PROVIDED OVER $1 MILLION IN ALUMNI ASSOCIATION SUPPORT TO THE UNIVERSITY OF NORTH DAKOTA FOR ENGAGEMENT ACTIVITIES THAT INCLUDE HOMECOMING, CHAPTER ACTIVITIES ACROSS THE COUNTRY TO NETWORK WITH FELLOW ALUMNI, THE ALUMNI REVIEW MAGAZINE AND VARIOUS OTHER EVENTS THAT ALLOW FOR GRADUATES TO KEEP CONNECTED AND STAY ENGAGED WITH THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Carlson Zink Ceo/secretary | Officer | 50 | $305,433 |
Michael Mannausau VP Of Development | 50 | $163,292 | |
Robert Knutson VP Of Operations & Engagement | 50 | $162,981 | |
Nancy Pederson VP Of Finance/treasurer | Officer | 50 | $159,016 |
Daniel Muus VP Of Philanthropy | 50 | $153,674 | |
Kim Woods -Associate Vp Sr. Director Of Development For The Ncobpa | 50 | $138,238 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forum Communications Printing Printing | 6/29/21 | $183,635 |
Blackbaud Inc Software Management | 6/29/21 | $167,414 |
Evertrue Inc Digital Advancement Program Management | 6/29/21 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,607,031 |
| Investment income | $6,449,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $241,789 |
| Net Rental Income | $147,920 |
| Net Gain/Loss on Asset Sales | $2,390 |
| Net Income from Fundraising Events | -$12,158 |
| Net Income from Gaming Activities | $1,000 |
| Net Income from Sales of Inventory | $2,020 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,226,015 |
| Statement of Expenses | |
|---|---|
| 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. | $514,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,183,221 |
| Pension plan accruals and contributions | $250,638 |
| Other employee benefits | $470,281 |
| Payroll taxes | $252,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $109,375 |
| Fees for services: Investment Management | $4,919,785 |
| Fees for services: Other | $1,520,859 |
| Advertising and promotion | $37,579 |
| Office expenses | $445,316 |
| Information technology | $447,123 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $217,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $205,955 |
| Interest | $233,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,390 |
| Insurance | $39,098 |
| All other expenses | $0 |
| Total functional expenses | $34,219,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,263,262 |
| Pledges and grants receivable | $30,604,465 |
| Accounts receivable, net | $5,268,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,643 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,806 |
| Investments—publicly traded securities | $212,730,044 |
| Investments—other securities | $68,392,552 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,072,876 |
| Total assets | $413,170,247 |
| Accounts payable and accrued expenses | $740,516 |
| Grants payable | $0 |
| Deferred revenue | $1,913,668 |
| Tax-exempt bond liabilities | $1,848,338 |
| Escrow or custodial account liability | $18,634,032 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,766,958 |
| Unsecured mortgages and notes payable | $789,000 |
| Other liabilities | $14,508,993 |
| Total liabilities | $42,201,505 |
| 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 | $370,968,742 |
Grants Awarded
Over the last fiscal year, Und Alumni Association And Foundation has awarded $21,506,878 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH DAKOTA-COLLEGE OF BUSINESS & PUBLIC ADMIN PURPOSE: Scholarship, grants and operating support. | $7,241,959 |
UNIVERSITY OF NORTH DAKOTA-OTHER PURPOSE: Scholarship, grants and operating support. | $4,842,252 |
UNIVERSITY OF NORTH DAKOTA-ATHLETICS PURPOSE: Scholarship, grants and operating support. | $4,442,738 |
UNIVERSITY OF NORTH DAKOTA-MEDICINE & HEALTH SCIENCES PURPOSE: Scholarship, grants and operating support. | $1,497,350 |
UNIVERSITY OF NORTH DAKOTA-SCHOOL OF ENGINEERING & MINES PURPOSE: Scholarship, grants and operating support. | $1,378,546 |
UNIVERSITY OF NORTH DAKOTA-ARTS & SCIENCES PURPOSE: Scholarship, grants and operating support. | $867,040 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that Und Alumni Association And Foundation has recieved totaling $2,498,054.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $556,050 |
Altru Health System Grand Forks, ND PURPOSE: UND ATHLETICS HIGH PERFORMANCE CENTER; ALTRU TURF FUND; CHAMPION BALL | $508,567 |
Lanterman Foundation Spokane, WA PURPOSE: TO ASSIST THE ORGANIZATION IN CARRYING OUT ITS CHARITABLE PURPOSE | $285,714 |
Engelstad Fam Foundation Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $259,500 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $198,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $131,269 |
Endowment Analysis
| Beg. Balance | $261,614,000 |
| Earnings | $71,905,607 |
| Admin Expense | $3,991,607 |
| Net Contributions | $25,249,000 |
| Other Expense | $5,046,592 |
| Grants | $4,182,377 |
| Ending Balance | $345,548,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
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 |