North Dakota University System Foundation
- Assets
- $37.2k
- Revenue
- $353.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 45-0422574
Organization Overview
North Dakota University System Foundation is located in Bismarck, ND. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota University System 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, North Dakota University System Foundation generated $353.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $359.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 4 years. 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
THE FUNCTION OF THE NORTH DAKOTA UNIVERSITY SYSTEM FOUNDATION IS TO SUPPORT, ENRICH, ADVANCE AND IMPROVE HIGHER EDUCATION IN THE STATE OF NORTH DAKOTA, AND TO ASSIST ITS STUDENTS, FACULTY AND STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND SUPPORT A CYBERSECURITY PROGRAM AT BISMARCK STATE COLLEGE.
TO ENCOURAGE EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS TO SUPPORT NEW INITIATIVES, CAREER BUILDING AND RESPONSIVENSS TO CHANGING WORKFORCE NEEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mihalick President | Officer | 2 | $0 |
Jon Backes Vice President | Officer | 1 | $0 |
David Krebsbach Secretarytreasurer Ex-Offic | Trustee | 1 | $0 |
Julie Traynor Trustee | Trustee | 1 | $0 |
Danita Bye Trustee | Trustee | 1 | $0 |
Cynthia Schreiber-Beck Trustee | Trustee | 1 | $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 | $353,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $358,500 |
| 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 | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45 |
| Total functional expenses | $359,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,157 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $19,560 |
| Net assets with donor restrictions | $17,597 |
| 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 | $37,157 |
Grants Awarded
Over the last fiscal year, North Dakota University System Foundation has awarded $358,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bismarck, ND PURPOSE: SUPPORT CYBERSECURITY PROGRAMS | $351,000 |
ND UNIVERSITY SYSTEM PURPOSE: SUPPORT CAREER BUILDER SCHOLARSHIPS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that North Dakota University System Foundation has recieved totaling $52,500.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $25,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: EDUCATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |
Billings Clinic Foundation Billings, MT | $116,767,576 | $17,438,060 |
United Way Of Cass-Clay Fargo, ND | $8,673,446 | $5,532,076 |
Minnesota Independence College And Community Richfield, MN | $4,038,115 | $5,662,588 |
United Way Of Central Minnesota St Cloud, MN | $5,880,588 | $4,142,317 |
United Way Of Olmsted County Inc Rochester, MN | $5,240,172 | $3,759,142 |
Jewish Federation Of Greater St Paul St Paul, MN | $18,383,479 | $4,287,337 |
Greater Mankato Area United Way Inc Mankato, MN | $3,210,164 | $3,514,806 |