Ndscs Foundation
- Assets
- $50.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wahpeton, ND
- Founding
- 12/1988
- Data as of
- 06/2022
- EIN
- 45-0407617
Organization Overview
Ndscs Foundation is located in Wahpeton, ND. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Ndscs 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, Ndscs Foundation generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $2.4m 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
TO SUPPORT AND ASSIST THOSE ACTIVITIES THAT DEVELOP AND STRENGTHEN NORTH DAKOTA STATE COLLEGE OF SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND ACTIVITIES THAT DEVELOP AND STRENGTHEN NORTH DAKOTA STATE COLLEGE OF SCIENCE..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Dozak President | Trustee | 1 | $0 |
Hugh Veit Vice President | Trustee | 1 | $0 |
Kim Nelson Executive Dir. | Trustee | 40 | $0 |
Michelle Nelson Treasurer | Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comstock Construction Inc General Contractor | 6/29/22 | $3,976,316 |
Eapc Architecture Architecture | 6/29/22 | $197,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,347,537 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $671,172 |
| 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 | $4,018,709 |
| Total Program Service Revenue | $266,622 |
| Investment income | $745,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $117,715 |
| Net Gain/Loss on Asset Sales | $715,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $138,794 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,003,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,602,426 |
| 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 | $290,520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,115 |
| Payroll taxes | $0 |
| Fees for services: Management | $16,638 |
| Fees for services: Legal | $11,153 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,397 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,519 |
| Office expenses | $22,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,716 |
| All other expenses | $13,348 |
| Total functional expenses | $2,361,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,435,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,514,622 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $97,220 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,330 |
| Net Land, buildings, and equipment | $13,384,824 |
| Investments—publicly traded securities | $26,224,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,662,223 |
| Accounts payable and accrued expenses | $504,641 |
| Grants payable | $0 |
| Deferred revenue | $1,547,500 |
| 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 | $1,409,759 |
| Unsecured mortgages and notes payable | $45,000 |
| Other liabilities | $429,538 |
| Total liabilities | $3,936,438 |
| Net assets without donor restrictions | $1,976,622 |
| Net assets with donor restrictions | $44,749,163 |
| 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 | $50,662,223 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Ndscs Foundation has recieved totaling $321,959.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: EDUCATION/WORKFORCE DEVELOPMENT | $212,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,718 |
Firehouse Subs Public Safety Foundation Inc Jacksonville, FL PURPOSE: Operational Support | $32,723 |
Cass County Electric Cooperative Inc Fargo, ND PURPOSE: Education | $10,000 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $10,000 |
Kramer Family Foundation Inc Baltimore, MD PURPOSE: EDUCATION | $6,000 |
Endowment Analysis
| Beg. Balance | $22,246,445 |
| Earnings | $107,115 |
| Admin Expense | $188,941 |
| Net Contributions | $2,913,447 |
| Grants | $922,074 |
| Ending Balance | $24,155,992 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
Tee It Up For The Troops Inc Burnsville, MN | $1,448,737 | $2,614,727 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |
Lake Area Technical College Foundation Watertown, SD | $28,796,845 | $15,847,172 |
Wasie Foundation Wayzata, MN | $17,983,117 | $1,294,062 |