Civic Intelligence

Ndsu Research Foundation

990 • Fiscal year 2016 • EIN 36-3667912

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 20, 2016

Organization ProfileWWW.NDSURESEARCHFOUNDATION.ORG
1735 Ndsu Research Park Dr Dpt 4400Fargo, ND 58108-6050

(701) 231-8931

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$402,538

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

56th percentile

5.6%

Faster asset growth than 56% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

59th percentile

7.3%

Faster revenue growth than 59% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$7,335,812

Up $386,336 (+5.6%) from 2015

Net Assets

Up

$7,307,364

Up $386,300 (+5.6%) from 2015

Liabilities

Up

$28,448

Up $36 (+0.1%) from 2015

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin71st percentile

Revenue

Up

$2,898,959

Up $197,711 (+7.3%) from 2015

Expenses

Up

$2,581,125

Up $543,332 (+27%) from 2015

Net Income

Down

$317,834

Down $345,621 (-52%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$15M$10M$5.0M$0Assets 2011: $5,710,186Liabilities 2011: $2,159,135Net Assets 2011: $3,551,0512011Assets 2012: $3,774,965Liabilities 2012: $93,756Net Assets 2012: $3,681,2092012Assets 2013: $5,002,086Liabilities 2013: $32,953Net Assets 2013: $4,969,1332013Assets 2014: $6,088,746Liabilities 2014: $51,939Net Assets 2014: $6,036,8072014Assets 2015: $6,949,476Liabilities 2015: $28,412Net Assets 2015: $6,921,0642015Assets 2016: $7,335,812Liabilities 2016: $28,448Net Assets 2016: $7,307,3642016Assets 2017: $7,999,836Liabilities 2017: $34,046Net Assets 2017: $7,965,7902017Assets 2018: $8,758,633Liabilities 2018: $57,602Net Assets 2018: $8,701,0312018Assets 2019: $9,009,928Liabilities 2019: $9,879Net Assets 2019: $9,000,0492019Assets 2020: $9,441,901Liabilities 2020: $4,075Net Assets 2020: $9,437,8262020Assets 2021: $12,153,678Liabilities 2021: $3,921Net Assets 2021: $12,149,7572021Assets 2022: $10,759,749Liabilities 2022: $17,389Net Assets 2022: $10,742,3602022Assets 2023: $12,173,879Liabilities 2023: $24,268Net Assets 2023: $12,149,6112023Assets 2024: $13,567,989Liabilities 2024: $35,634Net Assets 2024: $13,532,3552024Assets 2025: $14,315,083Liabilities 2025: $3,653Net Assets 2025: $14,311,4302025

Highlighted filing

2016

Assets$7,335,812
Liabilities$28,448
Net Assets$7,307,364
Open 2016 Filing

Operations Trend

Revenue Growth59th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,077,4092011Expenses 2012: $2,152,3062012Expenses 2013: $2,087,8422013Revenue 2014: $2,239,069Expenses 2014: $2,003,064Net Income 2014: $236,0052014Revenue 2015: $2,701,248Expenses 2015: $2,037,793Net Income 2015: $663,4552015Revenue 2016: $2,898,959Expenses 2016: $2,581,125Net Income 2016: $317,8342016Revenue 2017: $2,095,013Expenses 2017: $2,334,934Net Income 2017: -$239,9212017Revenue 2018: $1,664,451Expenses 2018: $1,678,288Net Income 2018: -$13,8372018Revenue 2019: $1,434,899Expenses 2019: $1,670,099Net Income 2019: -$235,2002019Revenue 2020: $2,478,133Expenses 2020: $2,448,233Net Income 2020: $29,9002020Revenue 2021: $1,896,448Expenses 2021: $1,981,748Net Income 2021: -$85,3002021Revenue 2022: $1,725,085Expenses 2022: $1,730,879Net Income 2022: -$5,7942022Revenue 2023: $1,454,971Expenses 2023: $1,581,681Net Income 2023: -$126,7102023Revenue 2024: $1,514,857Expenses 2024: $2,270,610Net Income 2024: -$755,7532024Revenue 2025: $1,727,038Expenses 2025: $2,249,314Net Income 2025: -$522,2762025

Highlighted filing

2016

Revenue$2,898,959
Expenses$2,581,125
Net Income$317,834
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 20, 2016
Return Version
2015v2.1
Gross Receipts
$3,761,896
Mission and Program Overview

Mission

To assist ndsu in teaching, research and public service projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,541,572$6,707,528▲ $165,956
Savings and Temporary Cash Investments$386,394$536,799▲ $150,405
Accounts Receivable-$75,000-
Prepaid Expenses and Deferred Charges$16,199$12,834▼ $3,365
Land, Buildings, and Equipment, Net$5,161$3,651▼ $1,510
Investments Other Securities$150--
Total Assets$6,949,476$7,335,812▲ $386,336
Liabilities
Accounts Payable and Accrued Expenses$28,412$28,448▲ $36
Total Liabilities$28,412$28,448▲ $36
Net Assets / Fund Balance
Unrestricted Net Assets$6,921,064$7,307,364▲ $386,300
Total Net Assets Fund Balance$6,921,064$7,307,364▲ $386,300
Total Liabilities and Net Assets / Fund Balance$6,949,476$7,335,812▲ $386,336

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,651$15,689$19,340

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$6,541,572$387,043▲ $185,180$406,268$6,707,527
2014$5,899,427$399,360▲ $389,524$146,739$6,541,572
2013$4,801,174$330,067▲ $1,044,942$276,756$5,899,427
2012$3,591,067$809,570▲ $683,484$282,947$4,801,174
2011$3,387,087$168,707▲ $146,473$111,200$3,591,067
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale ZetochaExecutive DirectorPT$69,922$91,396$69,922

Board Members and Trustees

NameTitle
Dean BrescianiPresident
Kent GronlieVice President
Beth IngramDirector
James BrotenDirector
Joel HoneymanDirector
Katie HasbargenDirector
Kelly RuschDirector
Mark BirdsallDirector
Mark HubbardDirector
Randall HermanDirector
Richard RaylDirector
Ken GraftonSecretary
Gary SmithTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mueting Raasch & Gebhardt PaLegal111 3RD ST S STE 350, Minneapolis, MN 55401$182,363
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$370,447
Other Revenue
$2,528,512
Change in Net Assets
$317,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,898,957
Revenue Not Reported on Financial Statements
$2
Revenue Not Reported on Form 990
$68,468
Other Revenue Adjustments
$2
Total Revenue per Audited Statements
$2,967,425
Total Revenue per Form 990
$2,898,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,419,281
Salaries, Compensation, and Employee Benefits$161,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$1,755,889--$1,755,889
Fees for Services Legal$536,311--$536,311
Other Salaries and Wages$59,169$32,273-$91,442
Current Officers, Directors, Trustees, and Key Employees$69,922--$69,922
Advertising$20,383--$20,383
Travel$7,852$872-$8,724
Fees for Services Accounting-$7,620-$7,620
Fees for Service Investment Mgmnt Fees-$7,183-$7,183
Occupancy$4,729$835-$5,564
Insurance-$4,457-$4,457
Other Expenses$3,471$613-$4,084
All Other Expenses$1,898$335-$2,233
Depreciation Depletion$1,208$302-$1,510
Payroll Taxes$384$96-$480
Total Functional Expenses$2,508,358$72,767$0$2,581,125

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,581,125
Total Expenses per Audited Statements$2,581,125
Total Expenses per Form 990$2,581,125
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Part VI, Section B, Line 11

“Form 990 is reviewed by the executive director and treasurer prior to being distributed to the board of directors for review.”

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

“The board of directors monitor board members and ndsu's employees' compliance with ndsu's conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public at its offices upon request.”

Filing and Contact Details

Filer

Filer Name
Ndsu Research Foundation
EIN
36-3667912
Phone
7012318931
Address
1735 NDSU RESEARCH PARK DR DPT 4400, FARGO, ND 58108-6050

Signing Officer

Name
Dean Bresciani
Title
President
Phone
7012318931
Signed
2016-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Zetocha
Formed
1989
Legal Domicile
Nd
Voting Board Members
13
Independent Board Members
8
Employees
4
Volunteers
0

Preparer

Firm
Widmer Roel Pc
Address
4334 18TH AVE S SUITE 101, FARGO, ND 58103-7414
Preparer
Tracee S Buethner CPA
Phone
7012376022
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -2.”

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“To assist ndsu in teaching, research and public service projects.”

PART X, LINE 2:

“The foundation is exempt from payment of federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. The foundation is required to record a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. As of june 30, 2016, and 2015, no such liability existed. Management will continually evaluate expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The foundation files income tax returns in the u.s. Federal jurisdiction. The foundation is no longer subject to u.s. Federal examinations by tax authorities for years before 2012.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“ROUNDING 2.”

Raw XML AppendixShowing 400 of 623 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.

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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04457
IRS990/InsuranceGrp/TotalAmt04457
IRS990/InvestmentIncomeGrp/ExclusionAmt0136267
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0136267
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0150
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06541572
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06707528
IRS990/IRPDocumentCnt057
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015689
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05161
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03651
IRS990/LandBldgEquipCostOrOtherBssAmt019340
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0150
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0862787
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST NDSU IN TEACHING, RESEARCH AND PUBLIC SERVICE PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06921064
IRS990/NetAssetsOrFundBalancesEOYAmt07307364
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0234180
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0234180
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt068468
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0835
IRS990/OccupancyGrp/ProgramServicesAmt04729
IRS990/OccupancyGrp/TotalAmt05564
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-2
IRS990/OtherExpensesGrp/Desc0OTHER OPERATING
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS/MEMBERSHI
IRS990/OtherExpensesGrp/Desc2DATABASE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010087
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18094
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2613
IRS990/OtherExpensesGrp/ProgramServicesAmt040346
IRS990/OtherExpensesGrp/ProgramServicesAmt16796
IRS990/OtherExpensesGrp/ProgramServicesAmt23471
IRS990/OtherExpensesGrp/TotalAmt050433
IRS990/OtherExpensesGrp/TotalAmt18094
IRS990/OtherExpensesGrp/TotalAmt26796
IRS990/OtherExpensesGrp/TotalAmt34084
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032273
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt059169
IRS990/OtherSalariesAndWagesGrp/TotalAmt091442
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt096
IRS990/PayrollTaxesGrp/ProgramServicesAmt0384
IRS990/PayrollTaxesGrp/TotalAmt0480
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016199
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012834
IRS990/PrincipalOfficerNm0DALE ZETOCHA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0168983
IRS990/PYOtherExpensesAmt01861574
IRS990/PYOtherRevenueAmt02532265
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0663455
IRS990/PYSalariesCompEmpBnftPaidAmt0176219
IRS990/PYTotalExpensesAmt02037793
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02701248
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0317834
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ProgramServicesAmt01755889
IRS990/RoyaltiesGrp/TotalAmt01755889
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02528512
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02528512
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0386394
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0536799
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0456002439
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01367251
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTH DAKOTA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01367251
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06541572
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0387043
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06707527
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0185180
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0406268
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05899427
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0399360
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06541572
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0389524
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0146739
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04801174
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0330067
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05899427
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01044942
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0276756
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03591067
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0809570
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04801174
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0683484
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0282947
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03387087
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0168707
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03591067
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0146473
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0111200
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03651
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015689
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019340
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02581125
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt068468
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02
IRS990ScheduleD/RevenueNotReportedAmt068468
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02
IRS990ScheduleD/RevenueSubtotalAmt02898957
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO ASSIST NDSU IN TEACHING, RESEARCH AND PUBLIC SERVICE PROJECTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM PAYMENT OF FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF JUNE 30, 2016, AND 2015, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING 2.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03651
IRS990ScheduleD/TotalExpensesPerForm990Amt02581125
IRS990ScheduleD/TotalRevenuePerForm990Amt02898959
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02967425
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02581125
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,335,812
Liabilities
$28,448
Net assets
$7,307,364
Revenue
$2,898,959
Expenses
$2,581,125
Net income
$317,834
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$0.00$14.3$1.73$2.25$0.52
2024Detailed filing. Detailed filing data is available for this year.$13.6$0.04$13.5$1.51$2.27$0.76
2023Detailed filing. Detailed filing data is available for this year.$12.2$0.02$12.1$1.45$1.58$0.13
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.02$10.7$1.73$1.73$0.01
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.00$12.1$1.90$1.98$0.09
2020Detailed filing. Detailed filing data is available for this year.$9.44$0.00$9.44$2.48$2.45$0.03
2019Detailed filing. Detailed filing data is available for this year.$9.01$0.01$9.00$1.43$1.67$0.24
2018Detailed filing. Detailed filing data is available for this year.$8.76$0.06$8.70$1.66$1.68$0.01
2017Detailed filing. Detailed filing data is available for this year.$8.00$0.03$7.97$2.10$2.33$0.24
2016Detailed filing. Detailed filing data is available for this year.$7.34$0.03$7.31$2.90$2.58$0.32
2015Detailed filing. Detailed filing data is available for this year.$6.95$0.03$6.92$2.70$2.04$0.66
2014Detailed filing. Detailed filing data is available for this year.$6.09$0.05$6.04$2.24$2.00$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.03$4.97$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.09$3.68$2.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$2.16$3.55$2.08