Civic Intelligence

Valley City State University Foundation

990 • Fiscal year 2019 • EIN 23-7178785

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 30, 2019

Organization Profilealumni.vcsu.edu
101 College StreetValley City, ND 58072-4024

(701) 845-7203

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.10x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.49x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

30th percentile

$123,830

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

24th percentile

-2.1%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

8.0%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$16,909,751

Down $370,180 (-2.1%) from 2018

Net Assets

Up

$15,142,499

Up $199,739 (+1.3%) from 2018

Liabilities

Down

$1,767,252

Down $569,919 (-24%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin69th percentile

Revenue

Up

$3,605,223

Up $267,445 (+8.0%) from 2018

Expenses

Up

$3,221,280

Up $1,001,697 (+45%) from 2018

Net Income

Down

$383,943

Down $734,252 (-66%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2014: $10,098,680Liabilities 2014: $126,486Net Assets 2014: $9,972,1942014Assets 2015: $15,684,603Liabilities 2015: $4,901,102Net Assets 2015: $10,783,5012015Assets 2016: $15,062,208Liabilities 2016: $2,864,397Net Assets 2016: $12,197,8112016Assets 2017: $16,055,533Liabilities 2017: $2,496,796Net Assets 2017: $13,558,7372017Assets 2018: $17,279,931Liabilities 2018: $2,337,171Net Assets 2018: $14,942,7602018Assets 2019: $16,909,751Liabilities 2019: $1,767,252Net Assets 2019: $15,142,4992019Assets 2020: $14,752,360Liabilities 2020: $829,279Net Assets 2020: $13,923,0812020Assets 2021: $19,577,271Liabilities 2021: $570,096Net Assets 2021: $19,007,1752021Assets 2022: $18,931,398Liabilities 2022: $263,835Net Assets 2022: $18,667,5632022Assets 2023: $19,726,854Liabilities 2023: $153,451Net Assets 2023: $19,573,4032023Assets 2024: $27,499,825Liabilities 2024: $68,897Net Assets 2024: $27,430,9282024Assets 2025: $32,845,201Liabilities 2025: $2,518,201Net Assets 2025: $30,327,0002025

Highlighted filing

2019

Assets$16,909,751
Liabilities$1,767,252
Net Assets$15,142,499
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $4,314,204Expenses 2014: $1,232,705Net Income 2014: $3,081,4992014Revenue 2015: $7,447,483Expenses 2015: $6,119,848Net Income 2015: $1,327,6352015Revenue 2016: $4,201,017Expenses 2016: $1,844,841Net Income 2016: $2,356,1762016Revenue 2017: $2,774,939Expenses 2017: $2,493,223Net Income 2017: $281,7162017Revenue 2018: $3,337,778Expenses 2018: $2,219,583Net Income 2018: $1,118,1952018Revenue 2019: $3,605,223Expenses 2019: $3,221,280Net Income 2019: $383,9432019Revenue 2020: $2,039,931Expenses 2020: $3,210,866Net Income 2020: -$1,170,9352020Revenue 2021: $4,313,642Expenses 2021: $2,592,211Net Income 2021: $1,721,4312021Revenue 2022: $7,610,342Expenses 2022: $2,938,317Net Income 2022: $4,672,0252022Revenue 2023: $2,329,236Expenses 2023: $2,802,730Net Income 2023: -$473,4942023Revenue 2024: $9,642,119Expenses 2024: $3,560,249Net Income 2024: $6,081,8702024Revenue 2025: $6,875,294Expenses 2025: $3,979,222Net Income 2025: $2,896,0722025

Highlighted filing

2019

Revenue$3,605,223
Expenses$3,221,280
Net Income$383,943
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$3,678,187
Mission and Program Overview

Mission

Valley City State University Foundation aids in the advancement of Valley City State University by awarding scholarships and by promoting the University. Support comes primarily from contributions by individuals and businesses, fundraising events, and investment income.

To aid advancement by awarding scholarships and promoting Valley City State University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,480,517$13,367,022▲ $886,505
Savings and Temporary Cash Investments$1,722,933$1,319,585▼ $403,348
Pledges and Grants Receivable$1,946,352$1,108,855▼ $837,497
Land, Buildings, and Equipment, Net$1,054,351$1,050,340▼ $4,011
Cash and Non-Interest-Bearing Accounts$39,181$24,458▼ $14,723
Prepaid Expenses and Deferred Charges$7,425$9,428▲ $2,003
Investments Program Related$7,300$7,300→ $0
Total Assets$17,279,931$16,909,751▼ $370,180
Other Assets Total$21,872$22,763▲ $891
Liabilities
Other Liabilities$1,536,095$969,786▼ $566,309
Mortgage Notes Payable Secured by Investment Property$795,888$795,888→ $0
Accounts Payable and Accrued Expenses$5,188$1,578▼ $3,610
Total Liabilities$2,337,171$1,767,252▼ $569,919
Net Assets / Fund Balance
Permanently Rstr Net Assets$7,233,346$7,721,318▲ $487,972
Temporarily Rstr Net Assets$7,232,699$6,892,133▼ $340,566
Unrestricted Net Assets$476,715$529,048▲ $52,333
Total Net Assets Fund Balance$14,942,760$15,142,499▲ $199,739
Total Liabilities and Net Assets / Fund Balance$17,279,931$16,909,751▼ $370,180

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,039,504-$1,039,504
Equipment$10,836$26,721$37,557

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$14,466,045$632,817▲ $800,926-$14,613,451
2017$13,095,999$1,576,204▲ $1,030,396-$14,466,045
2016$11,796,158$864,792▲ $1,419,702-$13,095,999
2015$10,431,371$2,539,959▼ $261,868-$11,796,158
2014$9,121,096$1,825,653▲ $256,059-$10,431,371
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Larry RobinsonExecutive Director (Non-VoPT$123,830$123,830

Board Members and Trustees

NameTitle
Mary SimonsonChairman
Matt PedersenVice Chairman
Bob BerganDirector
Dee JensenDirector
Dick GulmonDirector
Dr Genevieve GovenDirector
DuWayne BottDirector
Gene SmestadDirector
George GauklerDirector
Jan StowmanDirector
Jerry ToppDirector
Josh KasowskiDirector
Ken AstrupDirector
Mark FinstadDirector
Mark RichmanDirector
Paul SandnessDirector
Phil MuellerDirector
Raymond J BraunDirector
Robert HorneDirector
Al LaFaveNon-Voting Director
Wesley WintchNon-Voting Director
Dave BassSecretary
Jeff NathanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,390,139
Program Service Revenue
$0
Investment Income
$1,037,900
Other Revenue
$177,184
All Other Contributions
$1,868,087
Change in Net Assets
$383,943

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$272,732Actual payroll
Other Non Cash Contri Table263$117,305Cost and revenue rcv
Total Noncash Contributions264$390,037-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,605,223
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-188,618
Total Revenue per Audited Statements
$3,416,605
Total Revenue per Form 990
$3,605,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,469,883
Other Expenses$478,665
Total Fundraising Expense$291,226
Salaries, Compensation, and Employee Benefits$272,732
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,469,883--$2,469,883
Other Salaries and Wages-$150,003$122,729$272,732
Fees for Services Management-$55,475$103,023$158,498
Fees for Services Accounting-$40,989-$40,989
All Other Expenses-$17,028$23,498$40,526
Interest-$36,297-$36,297
Office Expenses-$25,228$10,903$36,131
Conferences and Meetings-$28,554$4,496$33,050
Other Expenses-$10,707$4,660$10,707
Insurance-$8,400$109$8,509
Advertising-$5,778$1,172$6,950
Travel-$4,799$1,650$6,449
Royalties--$6,202$6,202
Depreciation Depletion-$4,011-$4,011
Total Functional Expenses$2,469,883$460,171$291,226$3,221,280

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,221,281
Total Expenses per Form 990$3,221,281
Total Expenses per Audited Statements$3,216,866
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-4,415
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Valley City State UniversityValley City, ND170(b)(1)(A)(iv)The Foundation provides funds to Valley City State University for student scholarships, equipment, facility improvements, and activities.$1,000,834
Valley City Park DistrictValley City, ND-The Foundation provides funds to Valley City Park District for construction of the Valley City Wellness Center$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$204,730
Fundraising Direct Expenses$44,355
Gaming Gross Income$7,755
Gaming Direct Expenses$3,621
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$185,768$185,768$11,804$173,964
Golf Tournaments$18,962$18,962-$18,962
Total Events$204,730$204,730$44,355$160,375
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Park Board$911,023
Due to Affiliate$45,478
Annuities Payable$13,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 10B

“Clubs have their own bylaws.”

Form 990, Part VI, Section B, line 11B

“A copy of the Form 990 is available for the Board of Directors for review before it is filed with the IRS.”

Form 990, Part VI, Section B, line 12C

“Directors and officers annually disclose conflict of interests at the Board of Directors annual meeting.”

Form 990, Part VI, Section B, line 15

“The Executive Director's compensation and responsibilities are reviewed and approved by the President of the University. Key employees' compensation and responsibilities are reviewed and approved by the Executive Director.”

Form 990, Part VI, Section C, line 19

“Form 990 is made available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Valley City State University Foundation
EIN
23-7178785
Phone
7018457203
Address
101 COLLEGE STREET, VALLEY CITY, ND 58072-4024

Signing Officer

Name
Larry Robinson
Title
Executive Director
Phone
7018457203
Signed
2019-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Robinson
Formed
1972
Legal Domicile
Nd
Voting Board Members
21
Independent Board Members
20
Employees
0
Volunteers
95

Preparer

Firm
Ludvigson Braun and Co
Address
PO BOX 845, VALLEY CITY, ND 58072-0845
Preparer
Matthew D Pedersen CPA
Phone
7018451457
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Audit and Executive Committees review the audit.”

Financial Statement Notes

Part IV, Line 1B:

“Valley City State University Foundation is custodian for funds belonging to Valley City State University and invests these funds for the purpose of generating income to fund scholarships.”

Part V, Line 4:

“Advancement of Valley City State University by awarding scholarships and by promoting the University.”

Part X, Line 2:

“The entity believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future acrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Part XI, Line 2D - Other Adjustments:

“Special events income netted with direct expenses included in Part VIII 1,787. Royalties expenses (netted on audited financial statements) -6,202. Rounding Differences”

Part XI, Line 4B - Other Adjustments:

“Wellness Center Contributions for Park Board”

Part XII, Line 2D - Other Adjustments:

“Special events income netted with direct expenses included in Part VIII 1,787. Royalties expenses (netted on audited financial statements) -6,202.”

Part XII, Line 4B - Other Adjustments:

“Wellness Center Contribution Expense”

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IRS990/Form990PartVIISectionAGrp/PersonNm19Mark Richman
IRS990/Form990PartVIISectionAGrp/PersonNm20Robert Horne
IRS990/Form990PartVIISectionAGrp/PersonNm21Josh Kasowski
IRS990/Form990PartVIISectionAGrp/PersonNm22Wesley Wintch
IRS990/Form990PartVIISectionAGrp/PersonNm23Paul Sandness
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Non-Voting Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Director (Non-Vo
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Non-Voting Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt044355
IRS990/FundraisingGrossIncomeAmt0204730
IRS990/GainOrLossGrp/SecuritiesAmt0171
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt03621
IRS990/GamingGrossIncomeAmt07755
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt01386694
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02469883
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02469883
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt025159
IRS990/GrossReceiptsAmt03678187
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0109
IRS990/InsuranceGrp/ManagementAndGeneralAmt08400
IRS990/InsuranceGrp/TotalAmt08509
IRS990/InterestGrp/ManagementAndGeneralAmt036297
IRS990/InterestGrp/TotalAmt036297
IRS990/InvestmentIncomeGrp/ExclusionAmt01037729
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01037729
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt07300
IRS990/InvestmentsProgramRelatedGrp/EOYAmt07300
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012480517
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013367022
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026721
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01054351
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01050340
IRS990/LandBldgEquipCostOrOtherBssAmt01077061
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt024988
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0249320
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Valley City State University Foundation aids in the advancement of Valley City State University by awarding scholarships and by promoting the University. Support comes primarily from contributions by individuals and businesses, fundraising events, and investment income.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0795888
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0795888
IRS990/NetAssetsOrFundBalancesBOYAmt014942760
IRS990/NetAssetsOrFundBalancesEOYAmt015142499
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0171
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0171
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0160375
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0160375
IRS990/NetIncomeFromGamingGrp/ExclusionAmt04134
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt04134
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-184203
IRS990/NoncashContributionsAmt0390037
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt010903
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025228
IRS990/OfficeExpensesGrp/TotalAmt036131
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt022763
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc1Licenses/Fees
IRS990/OtherExpensesGrp/Desc2Awards and Gifts
IRS990/OtherExpensesGrp/Desc3Property Taxes
IRS990/OtherExpensesGrp/FundraisingAmt012784
IRS990/OtherExpensesGrp/FundraisingAmt14660
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050711
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115952
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26239
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310707
IRS990/OtherExpensesGrp/TotalAmt063495
IRS990/OtherExpensesGrp/TotalAmt115952
IRS990/OtherExpensesGrp/TotalAmt210899
IRS990/OtherExpensesGrp/TotalAmt310707
IRS990/OtherLiabilitiesGrp/BOYAmt01536095
IRS990/OtherLiabilitiesGrp/EOYAmt0969786
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0122729
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0150003
IRS990/OtherSalariesAndWagesGrp/TotalAmt0272732
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt07233346
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt07721318
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01946352
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01108855
IRS990/PoliciesReferenceChaptersInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07425
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09428
IRS990/PrincipalOfficerNm0Larry Robinson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Contributions were given to Valley City State University to fundactivities and track improvements
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01068089
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01068089
IRS990/ProgSrvcAccomActy3Grp/Desc0Cash and Pledges were received for Valley City Wellness Center project and contributions were given to Valley City Park District.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Membership in Valley City State University's Century Club (athletics) and local charitable donations
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt015100
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt015100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02323918
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01482438
IRS990/PYInvestmentIncomeAmt0847127
IRS990/PYOtherExpensesAmt0501597
IRS990/PYOtherRevenueAmt0166733
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01118195
IRS990/PYSalariesCompEmpBnftPaidAmt0235548
IRS990/PYTotalExpensesAmt02219583
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03337778
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0383943
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0272732

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,909,751
Liabilities
$1,767,252
Net assets
$15,142,499
Revenue
$3,605,223
Expenses
$3,221,280
Net income
$383,943
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$2.52$30.3$6.88$3.98$2.90
2024Detailed filing. Detailed filing data is available for this year.$27.5$0.07$27.4$9.64$3.56$6.08
2023Detailed filing. Detailed filing data is available for this year.$19.7$0.15$19.6$2.33$2.80$0.47
2022Detailed filing. Detailed filing data is available for this year.$18.9$0.26$18.7$7.61$2.94$4.67
2021Detailed filing. Detailed filing data is available for this year.$19.6$0.57$19.0$4.31$2.59$1.72
2020Detailed filing. Detailed filing data is available for this year.$14.8$0.83$13.9$2.04$3.21$1.17
2019Detailed filing. Detailed filing data is available for this year.$16.9$1.77$15.1$3.61$3.22$0.38
2018Detailed filing. Detailed filing data is available for this year.$17.3$2.34$14.9$3.34$2.22$1.12
2017Detailed filing. Detailed filing data is available for this year.$16.1$2.50$13.6$2.77$2.49$0.28
2016Detailed filing. Detailed filing data is available for this year.$15.1$2.86$12.2$4.20$1.84$2.36
2015Detailed filing. Detailed filing data is available for this year.$15.7$4.90$10.8$7.45$6.12$1.33
2014Detailed filing. Detailed filing data is available for this year.$10.1$0.13$9.97$4.31$1.23$3.08