Civic Intelligence

Ndsu Research Foundation

990 • Fiscal year 2017 • EIN 36-3667912

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 06, 2017

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

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

11th percentile

-11%

Higher net margin than 11% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

98th percentile

$402,242

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

58th percentile

9.1%

Faster asset growth than 58% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-28%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$7,999,836

Up $664,024 (+9.1%) from 2016

Net Assets

Up

$7,965,790

Up $658,426 (+9.0%) from 2016

Liabilities

Up

$34,046

Up $5,598 (+20%) from 2016

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin11th percentile

Revenue

Down

$2,095,013

Down $803,946 (-28%) from 2016

Expenses

Down

$2,334,934

Down $246,191 (-9.5%) from 2016

Net Income

Down

-$239,921

Down $557,755 (-175%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2017

Assets$7,999,836
Liabilities$34,046
Net Assets$7,965,790
Open 2017 Filing

Operations Trend

Revenue Growth6th 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

2017

Revenue$2,095,013
Expenses$2,334,934
Net Income-$239,921
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$3,022,152
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$6,707,528$7,421,057▲ $713,529
Savings and Temporary Cash Investments$536,799$567,004▲ $30,205
Accounts Receivable$75,000$0▼ $75,000
Prepaid Expenses and Deferred Charges$12,834$9,635▼ $3,199
Land, Buildings, and Equipment, Net$3,651$2,140▼ $1,511
Total Assets$7,335,812$7,999,836▲ $664,024
Liabilities
Accounts Payable and Accrued Expenses$28,448$34,046▲ $5,598
Total Liabilities$28,448$34,046▲ $5,598
Net Assets / Fund Balance
Unrestricted Net Assets$7,307,364$7,965,790▲ $658,426
Total Net Assets Fund Balance$7,307,364$7,965,790▲ $658,426
Total Liabilities and Net Assets / Fund Balance$7,335,812$7,999,836▲ $664,024

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,140$17,200$19,340

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,707,527$263,311▲ $1,036,960$586,741$7,421,057
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
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dale ZetochaExecutive DirectorPT$72,116$94,934$72,116

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Mohammed MergoumInventor1409 ECHO RIDGE RD, Locust Grove, GA 30248$213,874
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
$141,511
Other Revenue
$1,953,502
Change in Net Assets
$-239,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,095,013
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$898,349
Total Revenue per Audited Statements
$2,993,362
Total Revenue per Form 990
$2,095,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,167,271
Salaries, Compensation, and Employee Benefits$167,663
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$1,597,643--$1,597,643
Fees for Services Legal$415,133--$415,133
Other Salaries and Wages$75,376$18,844-$94,220
Current Officers, Directors, Trustees, and Key Employees$58,548$14,637-$73,185
Advertising$26,472--$26,472
Fees for Services Accounting-$7,884-$7,884
Fees for Service Investment Mgmnt Fees-$7,740-$7,740
Travel$5,842$649-$6,491
Other Expenses$4,888$863-$5,751
Occupancy$4,729$835-$5,564
Insurance-$4,533-$4,533
All Other Expenses$1,874$331-$2,205
Depreciation Depletion$1,208$302-$1,510
Payroll Taxes$206$52-$258
Total Functional Expenses$2,256,055$78,879$0$2,334,934

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,334,936
Expenses per Audited Statements$2,334,934
Total Expenses per Form 990$2,334,934
Expenses Not Reported on Form 990$2
Expenses Not Reported on Financial Statements$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
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
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 11B

“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
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jolynne Tschetter
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 -1.”

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, 2017, and 2016, 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 2014.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 1.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 2.”

Raw XML AppendixShowing 400 of 642 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02630
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0929769
IRS990/GrossReceiptsAmt03022152
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04533
IRS990/InsuranceGrp/TotalAmt04533
IRS990/InvestmentIncomeGrp/ExclusionAmt0138881
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0138881
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06707528
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07421057
IRS990/IRPDocumentCnt060
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017200
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03651
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02140
IRS990/LandBldgEquipCostOrOtherBssAmt019340
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0927139
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/NetAssetsOrFundBalancesBOYAmt07307364
IRS990/NetAssetsOrFundBalancesEOYAmt07965790
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02630
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02630
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0898348
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0835
IRS990/OccupancyGrp/ProgramServicesAmt04729
IRS990/OccupancyGrp/TotalAmt05564
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherExpensesGrp/Desc0OTHER OPERATING
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS/MEMBERSHI
IRS990/OtherExpensesGrp/Desc2DATABASE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014312
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17897
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2863
IRS990/OtherExpensesGrp/ProgramServicesAmt057249
IRS990/OtherExpensesGrp/ProgramServicesAmt16887
IRS990/OtherExpensesGrp/ProgramServicesAmt24888
IRS990/OtherExpensesGrp/TotalAmt071561
IRS990/OtherExpensesGrp/TotalAmt17897
IRS990/OtherExpensesGrp/TotalAmt26887
IRS990/OtherExpensesGrp/TotalAmt35751
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018844
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075376
IRS990/OtherSalariesAndWagesGrp/TotalAmt094220
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052
IRS990/PayrollTaxesGrp/ProgramServicesAmt0206
IRS990/PayrollTaxesGrp/TotalAmt0258
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012834
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09635
IRS990/PrincipalOfficerNm0JOLYNNE TSCHETTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0370447
IRS990/PYOtherExpensesAmt02419281
IRS990/PYOtherRevenueAmt02528512
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0317834
IRS990/PYSalariesCompEmpBnftPaidAmt0161844
IRS990/PYTotalExpensesAmt02581125
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02898959
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-239921
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ProgramServicesAmt01597643
IRS990/RoyaltiesGrp/TotalAmt01597643
IRS990/RoyaltiesRevenueGrp/ExclusionAmt01953502
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt01953502
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0536799
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0567004
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/SupportAmt01363388
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTH DAKOTA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01363388
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06707527
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0263311
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07421057
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01036960
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0586741
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06541572
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0387043
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06707527
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0185180
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0406268
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05899427
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0399360
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06541572
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0389524
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0146739
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04801174
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0330067
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05899427
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01044942
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0276756
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03591067
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0809570
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04801174
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0683484
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0282947
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02140
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019340
IRS990ScheduleD/ExpensesNotReportedAmt02
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02334934
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0898348
IRS990ScheduleD/OtherExpensesIncludedAmt02
IRS990ScheduleD/OtherRevenueAmt01
IRS990ScheduleD/RevenueNotReportedAmt0898349
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02095013
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, 2017, AND 2016, 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ROUNDING 2.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02140
IRS990ScheduleD/TotalExpensesPerForm990Amt02334934
IRS990ScheduleD/TotalRevenuePerForm990Amt02095013
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02993362
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02334936
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,999,836
Liabilities
$34,046
Net assets
$7,965,790
Revenue
$2,095,013
Expenses
$2,334,934
Net income
-$239,921
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