Mayville State University Foundation
- Assets
- $11.6m
- Revenue
- $2.4m
- Investments
- $10.6m
- Employees
- 3
- Location
- Mayville, ND
- Founding
- 06/1964
- Data as of
- 06/2022
- EIN
- 45-6013477
Organization Overview
Mayville State University Foundation is located in Mayville, ND. The organization was established in 1964. 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 06/2022, Mayville State University Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayville State University 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, Mayville State University Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ACTIVITIES OF MAYVILLE STATE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES AS THE LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF MAYVILLE STATE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lon Jorgenson Executive Director | OfficerTrustee | 40 | $22,180 |
Joe Dunn Chair | OfficerTrustee | 3 | $0 |
Nick Storhaug Treasurer | OfficerTrustee | 1 | $0 |
Lynn Slaathaug Moen Vice Chair | OfficerTrustee | 1 | $0 |
Johnny Jorgensen Secretary | OfficerTrustee | 1 | $0 |
Donn Hanson Board Member | 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 | $1,555,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,096 |
| Total Program Service Revenue | $145,057 |
| Investment income | $336,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,376 |
| Net Income from Fundraising Events | $121,391 |
| Net Income from Gaming Activities | $65,065 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,383,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $598,468 |
| 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. | $44,360 |
| Compensation of current officers, directors, key employees. | $44,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,371 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $62,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,163 |
| Office expenses | $105,453 |
| Information technology | $5,436 |
| Royalties | $0 |
| Occupancy | $609 |
| Travel | $7,492 |
| 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 | $802 |
| Insurance | $5,476 |
| All other expenses | $10,761 |
| Total functional expenses | $1,188,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,618 |
| Accounts receivable, net | $27,757 |
| 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 | $13,716 |
| Net Land, buildings, and equipment | $6,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,557,904 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,195 |
| Total assets | $11,563,029 |
| Accounts payable and accrued expenses | $42,024 |
| 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 | $42,024 |
| Net assets without donor restrictions | -$361,574 |
| Net assets with donor restrictions | $11,882,579 |
| 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 | $11,563,029 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mayville State University Foundation has recieved totaling $7,657.
| Awarding Organization | Amount |
|---|---|
Mwe Scholarship Fund Grand Forks, ND PURPOSE: SCHOLARSHIP | $7,157 |
Rnr Parker Family Foundation Cupertino, CA PURPOSE: TO PROVIDE SUPPORT FOR EDUCATION | $500 |
Endowment Analysis
| Beg. Balance | $8,970,409 |
| Earnings | $359,309 |
| Net Contributions | $763,545 |
| Other Expense | $336,980 |
| Ending Balance | $9,756,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
People Serving People Inc Charities Minneapolis, MN | $20,919,936 | $5,966,732 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Construction Laborers Education And Training Fund Of Mnesota & N Dkota Lino Lakes, MN | $26,851,237 | $7,012,903 |
Mithun Family Foundation Wayzata, MN | $47,067,877 | $8,085,280 |