Civic Intelligence

Dakota State University Foundation

990 • Fiscal year 2021 • EIN 23-7299995

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 30, 2022

Organization ProfileWWW.FOUNDATION.DSU.EDU
820 N Washington AvenueMadison, SD 57042

(605) 256-5157

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.32x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

1.04x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

90th percentile

42%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

342%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$48,525,169

Up $14,397,429 (+42%) from 2020

Net Assets

Up

$32,764,835

Up $14,705,947 (+81%) from 2020

Liabilities

Down

$15,760,334

Down $308,518 (-1.9%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin96th percentile

Revenue

Up

$15,213,740

Up $11,769,633 (+342%) from 2020

Expenses

Down

$2,592,406

Down $181,873 (-6.6%) from 2020

Net Income

Up

$12,621,334

Up $11,951,506 (+1784%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$150M$100M$50M$0Assets 2011: $9,739,315Liabilities 2011: $2,205,643Net Assets 2011: $7,533,6722011Assets 2012: $10,268,914Liabilities 2012: $1,967,937Net Assets 2012: $8,300,9772012Assets 2013: $11,141,725Liabilities 2013: $1,930,255Net Assets 2013: $9,211,4702013Assets 2014: $14,334,413Liabilities 2014: $1,492,189Net Assets 2014: $12,842,2242014Assets 2015: $18,305,944Liabilities 2015: $1,435,975Net Assets 2015: $16,869,9692015Assets 2016: $17,115,725Liabilities 2016: $503,593Net Assets 2016: $16,612,1322016Assets 2017: $16,181,925Liabilities 2017: $492,311Net Assets 2017: $15,689,6142017Assets 2018: $45,973,776Liabilities 2018: $28,693,148Net Assets 2018: $17,280,6282018Assets 2019: $40,519,237Liabilities 2019: $22,291,069Net Assets 2019: $18,228,1682019Assets 2020: $34,127,740Liabilities 2020: $16,068,852Net Assets 2020: $18,058,8882020Assets 2021: $48,525,169Liabilities 2021: $15,760,334Net Assets 2021: $32,764,8352021Assets 2022: $118,045,718Liabilities 2022: $98,636,082Net Assets 2022: $19,409,6362022Assets 2023: $96,118,718Liabilities 2023: $53,069,757Net Assets 2023: $43,048,9612023Assets 2024: $102,151,272Liabilities 2024: $76,848,409Net Assets 2024: $25,302,8632024

Highlighted filing

2021

Assets$48,525,169
Liabilities$15,760,334
Net Assets$32,764,835
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

$40M$20M$0-$20MExpenses 2011: $1,112,1382011Expenses 2012: $1,417,4732012Expenses 2013: $1,581,2392013Revenue 2014: $4,185,658Expenses 2014: $1,392,599Net Income 2014: $2,793,0592014Revenue 2015: $5,825,140Expenses 2015: $1,499,156Net Income 2015: $4,325,9842015Revenue 2016: $3,753,521Expenses 2016: $3,186,610Net Income 2016: $566,9112016Revenue 2017: $2,717,176Expenses 2017: $4,439,096Net Income 2017: -$1,721,9202017Revenue 2018: $7,046,474Expenses 2018: $5,692,876Net Income 2018: $1,353,5982018Revenue 2019: $3,847,910Expenses 2019: $2,221,983Net Income 2019: $1,625,9272019Revenue 2020: $3,444,107Expenses 2020: $2,774,279Net Income 2020: $669,8282020Revenue 2021: $15,213,740Expenses 2021: $2,592,406Net Income 2021: $12,621,3342021Revenue 2022: $5,725,186Expenses 2022: $2,887,015Net Income 2022: $2,838,1712022Revenue 2023: $5,886,711Expenses 2023: $13,699,637Net Income 2023: -$7,812,9262023Revenue 2024: $10,218,415Expenses 2024: $27,965,827Net Income 2024: -$17,747,4122024

Highlighted filing

2021

Revenue$15,213,740
Expenses$2,592,406
Net Income$12,621,334
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 30, 2022
Return Version
2020v4.0
Gross Receipts
$15,285,540
Mission and Program Overview

Mission

Dakota state university foundation is an independent non-profit corporation established for the purpose of raising and managing private funding for the benefit of dakota state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$29,652,315$36,848,144▲ $7,195,829
Savings and Temporary Cash Investments$2,155,490$9,239,839▲ $7,084,349
Land, Buildings, and Equipment, Net$2,015,632$2,079,462▲ $63,830
Accounts Receivable$225$225→ $0
Prepaid Expenses and Deferred Charges$40--
Total Assets$34,127,740$48,525,169▲ $14,397,429
Other Assets Total$304,038$357,499▲ $53,461
Liabilities
Other Liabilities$15,274,352$15,015,372▼ $258,980
Mortgage Notes Payable Secured by Investment Property$794,500$744,429▼ $50,071
Accounts Payable and Accrued Expenses-$533-
Total Liabilities$16,068,852$15,760,334▼ $308,518
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,263,638$27,209,831▲ $11,946,193
Net Assets Without Donor Restrictions$2,795,250$5,555,004▲ $2,759,754
Total Net Assets Fund Balance$18,058,888$32,764,835▲ $14,705,947
Total Liabilities and Net Assets / Fund Balance$34,127,740$48,525,169▲ $14,397,429

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,825,321$667,553$2,492,874
Land$254,141-$254,141
Equipment-$30,934$30,934

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$15,263,638$677,698▲ $30,218-$15,971,554
2019$14,871,886$397,182▼ $5,430-$15,263,638
2018$14,395,993$483,209▼ $7,316-$14,871,886
2017$10,844,688$3,558,278▼ $6,973-$14,395,993
2016$10,674,962$219,739▲ $10,012-$10,844,688
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Suzy Collignon-hodgenChair
Bill BeckBoard Member
Bob CasagrandeBoard Member
Brian KernBoard Member
Cecelia WittmayerBoard Member
Dan MeadowsBoard Member
Darrel SimonBoard Member
David GeiverBoard Member
Delon MorkBoard Member
Erin NielsenBoard Member
Floyd RummelBoard Member
Hali DiggsBoard Member
Jeff BloomBoard Member
Josh RobinsonBoard Member
Kazzi Foster-teelBoard Member
Mike JaspersBoard Member
Miles BeacomBoard Member
Paul SchroederBoard Member
Pooja PullmanBoard Member
Randy SchaeferBoard Member
Renae ProstrolloBoard Member
Robb GrahamBoard Member
Roger DegrootBoard Member
Scott SchlisnerBoard Member
Summer SchultzBoard Member
Tammy MillerBoard Member
Stacy KrusemarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$12,748,572
Program Service Revenue
$0
Investment Income
$2,247,817
Other Revenue
$217,351
All Other Contributions
$12,461,085
Change in Net Assets
$12,621,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,213,740
Revenue Not Reported on Form 990
$2,811,625
Total Revenue per Audited Statements
$18,025,365
Total Revenue per Form 990
$15,213,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,823,132
Salaries, Compensation, and Employee Benefits$388,700
Other Expenses$380,574
Total Fundraising Expense$132,581
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,823,132--$1,823,132
Other Salaries and Wages-$388,700-$388,700
Other Expenses$135,840-$132,581$132,581
Fees for Service Investment Mgmnt Fees-$49,481-$49,481
Office Expenses-$29,742-$29,742
Occupancy-$25,296-$25,296
Interest-$6,834-$6,834
Fees for Services Other-$800-$800
Total Functional Expenses$1,958,972$500,853$132,581$2,592,406

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,319,418
Expenses per Audited Statements$2,592,406
Total Expenses per Form 990$2,592,406
Expenses Not Reported on Form 990$727,012
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dakota State UnivMadison, SDGov-$1,823,132
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investments Held for Others$14,960,497
Annuities Payable$54,875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The dakota state university assistant controller reviews the form 990 and the foundation treasurer signs after approval.”

Form 990, Page 6, Part VI, Line 12C

“The foundation has formal policies and procedures in place for annually documenting potential conflicts of interests among its governing body. At the beginning of each fiscal year, the organization's conflict of interest policy and code of ethics are sent to all new and returning directors. All directors are asked to acknowledge and to agree to abide by these policies and disclose any potential conflicts of interest pertaining to foundation business.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and irs form 990 are made available to the public on request. Additionally, annual audited financial statements and information regarding endowment holdings are available to the public on request.”

Filing and Contact Details

Filer

Filer Name
Dakota State University Foundation
EIN
23-7299995
Phone
6052565157
Address
820 N WASHINGTON AVENUE, MADISON, SD 57042

Signing Officer

Name
Stacy Krusemark
Title
Treasurer
Phone
6052565157
Signed
2022-04-30

Organization Details

Principal Officer
Stacy Krusemark
Formed
1970
Legal Domicile
Sd
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
25

Preparer

Firm
Wohlenberg Ritzman & Co LLC
Address
PO BOX 1018, YANKTON, SD 57078
Preparer
Kathleen Doyle
Phone
6056654401
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Board members serve without compensation”

Form 990, Part XI, Line 9

“Depreciation to rental schedule 71,800 depreciation to rental schedule -71,800”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“MISSION STATEMENT”

Schedule D, Page 4, Part XI, Line 2D

“Depreciation to rental schedule 71,800”

Schedule D, Page 4, Part XII, Line 2D

“Depreciation to rental schedule 71,800”

Raw XML AppendixShowing 400 of 558 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0533
IRS990/AccountsReceivableGrp/BOYAmt0225
IRS990/AccountsReceivableGrp/EOYAmt0225
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0DAKOTA STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT NON-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF RAISING AND MANAGING PRIVATE FUNDING FOR THE BENEFIT OF DAKOTA STATE UNIVERSITY.
IRS990/AllOtherContributionsAmt012461085
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DAKOTA STATE UNIVERSITY
IRS990/BooksInCareOfDetail/PhoneNum06052565130
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0820 N WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0570421799
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt012748572
IRS990/CYGrantsAndSimilarPaidAmt01823132
IRS990/CYInvestmentIncomeAmt02247817
IRS990/CYOtherExpensesAmt0380574
IRS990/CYOtherRevenueAmt0217351
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt012621334
IRS990/CYSalariesCompEmpBnftPaidAmt0388700
IRS990/CYTotalExpensesAmt02592406
IRS990/CYTotalFundraisingExpenseAmt0132581
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt015213740
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE FOUNDATION ASSISTS IN MAKING PAYMENTS TO OR ON BEHALF OF DAKOTA STATE UNIVERSITY FOR SCHOLARSHIPS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt015263638
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt027209831
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01823132
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0800
IRS990/FeesForServicesOtherGrp/TotalAmt0800
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt049481
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt049481
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt221.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt231.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt241.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt251.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt261.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/PersonNm0MILES BEACOM
IRS990/Form990PartVIISectionAGrp/PersonNm1BILL BECK
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF BLOOM
IRS990/Form990PartVIISectionAGrp/PersonNm3BOB CASAGRANDE
IRS990/Form990PartVIISectionAGrp/PersonNm4SUZY COLLIGNON-HODGEN
IRS990/Form990PartVIISectionAGrp/PersonNm5ROGER DEGROOT
IRS990/Form990PartVIISectionAGrp/PersonNm6HALI DIGGS
IRS990/Form990PartVIISectionAGrp/PersonNm7KAZZI FOSTER-TEEL
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID GEIVER
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBB GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm10MIKE JASPERS
IRS990/Form990PartVIISectionAGrp/PersonNm11BRIAN KERN
IRS990/Form990PartVIISectionAGrp/PersonNm12DAN MEADOWS
IRS990/Form990PartVIISectionAGrp/PersonNm13TAMMY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm14DELON MORK
IRS990/Form990PartVIISectionAGrp/PersonNm15ERIN NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm16RENAE PROSTROLLO
IRS990/Form990PartVIISectionAGrp/PersonNm17POOJA PULLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm18JOSH ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm19FLOYD RUMMEL
IRS990/Form990PartVIISectionAGrp/PersonNm20RANDY SCHAEFER
IRS990/Form990PartVIISectionAGrp/PersonNm21SCOTT SCHLISNER
IRS990/Form990PartVIISectionAGrp/PersonNm22PAUL SCHROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm23SUMMER SCHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm24DARREL SIMON
IRS990/Form990PartVIISectionAGrp/PersonNm25CECELIA WITTMAYER
IRS990/Form990PartVIISectionAGrp/PersonNm26STACY KRUSEMARK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt01458211
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GovernmentGrantsAmt0287487
IRS990/GrantAmt01823132
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01823132
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01823132
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01458211
IRS990/GrossReceiptsAmt015285540
IRS990/GrossRentsGrp/RealAmt0289151
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt025
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt06834
IRS990/InterestGrp/TotalAmt06834
IRS990/InvestmentIncomeGrp/ExclusionAmt0789606
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0789606
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt029652315
IRS990/InvestmentsPubTradedSecGrp/EOYAmt036848144
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0698487
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02015632
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02079462
IRS990/LandBldgEquipCostOrOtherBssAmt02777949
IRS990/LegalDomicileStateCd0SD
IRS990/LessRentalExpensesGrp/RealAmt071800
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0DAKOTA STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT NON-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF RAISING AND MANAGING PRIVATE FUNDING FOR THE BENEFIT OF DAKOTA STATE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0794500
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0744429
IRS990/NetAssetsOrFundBalancesBOYAmt018058888
IRS990/NetAssetsOrFundBalancesEOYAmt032764835
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01458211
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01458211
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0217351
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0217351
IRS990/NetUnrlzdGainsLossesInvstAmt02084613
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02795250
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05555004
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt025296
IRS990/OccupancyGrp/TotalAmt025296
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029742
IRS990/OfficeExpensesGrp/TotalAmt029742
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0304038
IRS990/OtherAssetsTotalGrp/EOYAmt0357499
IRS990/OtherExpensesGrp/Desc0FOUNDATION PROJECTS
IRS990/OtherExpensesGrp/Desc1BOOSTER CLUB
IRS990/OtherExpensesGrp/FundraisingAmt0132581
IRS990/OtherExpensesGrp/ProgramServicesAmt0135840
IRS990/OtherExpensesGrp/TotalAmt0135840
IRS990/OtherExpensesGrp/TotalAmt1132581
IRS990/OtherLiabilitiesGrp/BOYAmt015274352
IRS990/OtherLiabilitiesGrp/EOYAmt015015372
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0388700
IRS990/OtherSalariesAndWagesGrp/TotalAmt0388700
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040
IRS990/PrincipalOfficerNm0STACY KRUSEMARK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0EXPENDITURES FOR THE GENERAL SUPPORT OF DSU INCLUDING: PAYMENTS TO DSU ALUMNI ASSN FOR MAILING LIST, PAYMENTS FOR PROJECTS, AWARDS, DEPRECIATION AND MISCELLANEOUS EXPENSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0135840
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02011335
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01593254
IRS990/PYInvestmentIncomeAmt01199807
IRS990/PYOtherExpensesAmt0853453
IRS990/PYOtherRevenueAmt0232965
IRS990/PYRevenuesLessExpensesAmt0669828
IRS990/PYSalariesCompEmpBnftPaidAmt0327572
IRS990/PYTotalExpensesAmt02774279
IRS990/PYTotalRevenueAmt03444107
IRS990/ReconcilationRevenueExpnssAmt012621334
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0217351
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02155490
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09239839
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SPLIT INTEREST AGREEMENTS 10,012
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt012748572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02011335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02093704
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05993860
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01769388
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt024616859
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01078757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01236326
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01421030
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01001015
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0820617
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05557745
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010012
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010012
IRS990ScheduleA/PublicSupportCY170Pct00.81550
IRS990ScheduleA/PublicSupportPY170Pct00.72070
IRS990ScheduleA/PublicSupportTotal170Amt024616859
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt012748572
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02011335
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02093704
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05993860
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01769388
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt024616859
IRS990ScheduleA/TotalSupportAmt030184616
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,525,169
Liabilities
$15,760,334
Net assets
$32,764,835
Revenue
$15,213,740
Expenses
$2,592,406
Net income
$12,621,334
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$102$76.8$25.3$10.2$28.0$17.7
2023Detailed filing. Detailed filing data is available for this year.$96.1$53.1$43.0$5.89$13.7$7.81
2022Detailed filing. Detailed filing data is available for this year.$118$98.6$19.4$5.73$2.89$2.84
2021Detailed filing. Detailed filing data is available for this year.$48.5$15.8$32.8$15.2$2.59$12.6
2020Detailed filing. Detailed filing data is available for this year.$34.1$16.1$18.1$3.44$2.77$0.67
2019Detailed filing. Detailed filing data is available for this year.$40.5$22.3$18.2$3.85$2.22$1.63
2018Detailed filing. Detailed filing data is available for this year.$46.0$28.7$17.3$7.05$5.69$1.35
2017Detailed filing. Detailed filing data is available for this year.$16.2$0.49$15.7$2.72$4.44$1.72
2016Detailed filing. Detailed filing data is available for this year.$17.1$0.50$16.6$3.75$3.19$0.57
2015Detailed filing. Detailed filing data is available for this year.$18.3$1.44$16.9$5.83$1.50$4.33
2014Detailed filing. Detailed filing data is available for this year.$14.3$1.49$12.8$4.19$1.39$2.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$1.93$9.21$1.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$1.97$8.30$1.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.74$2.21$7.53$1.11