Civic Intelligence

Msu Beaver Boosters Inc

EIN 36-3884433 • 501(c)3 • Minot, ND

Profile

The beaver booster club provides funds to support athletic scholarships for students who have distinguished themselves in competition and the classroom.

500 University Avenue WestMinot, ND 58707-0001

www.msubeavers.com/BOOSTERS.HTML

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.09x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

91st percentile

54%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

30%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,211,885

Up $336,968 (+39%) from 2023

Liabilities

Up

$85,755

Up $1,313 (+1.6%) from 2023

Net Assets

Up

$1,126,130

Up $335,655 (+42%) from 2023

Revenue

Up

$1,259,776

Up $347,823 (+38%) from 2023

Expenses

Up

$924,121

Up $157,733 (+21%) from 2023

Net Income

Up

$335,655

Up $190,090 (+131%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $162,013Liabilities 2012: $4,200Net Assets 2012: $157,8132012Assets 2013: $125,868Liabilities 2013: $1,113Net Assets 2013: $124,7552013Assets 2014: $159,134Liabilities 2014: $1,244Net Assets 2014: $157,8902014Assets 2015: $180,140Liabilities 2015: $3,423Net Assets 2015: $176,7172015Assets 2016: $161,424Liabilities 2016: $5,885Net Assets 2016: $155,5392016Assets 2017: $205,168Liabilities 2017: $4,347Net Assets 2017: $200,8212017Assets 2018: $257,647Liabilities 2018: $30,900Net Assets 2018: $226,7472018Assets 2019: $265,084Liabilities 2019: $29,433Net Assets 2019: $235,6512019Assets 2020: $389,558Liabilities 2020: $108,925Net Assets 2020: $280,6332020Assets 2021: $484,835Liabilities 2021: $75,348Net Assets 2021: $409,4872021Assets 2022: $748,448Liabilities 2022: $103,538Net Assets 2022: $644,9102022Assets 2023: $874,917Liabilities 2023: $84,442Net Assets 2023: $790,4752023Assets 2024: $1,211,885Liabilities 2024: $85,755Net Assets 2024: $1,126,1302024

Highlighted filing

2024

Assets$1,211,885
Liabilities$85,755
Net Assets$1,126,130

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $372,1552012Expenses 2013: $363,1062013Revenue 2014: $471,457Expenses 2014: $438,322Net Income 2014: $33,1352014Revenue 2015: $552,049Expenses 2015: $533,222Net Income 2015: $18,8272015Revenue 2016: $399,312Expenses 2016: $420,490Net Income 2016: -$21,1782016Revenue 2017: $468,562Expenses 2017: $423,280Net Income 2017: $45,2822017Revenue 2018: $458,926Expenses 2018: $433,000Net Income 2018: $25,9262018Revenue 2019: $506,059Expenses 2019: $497,155Net Income 2019: $8,9042019Revenue 2020: $354,524Expenses 2020: $309,542Net Income 2020: $44,9822020Revenue 2021: $930,194Expenses 2021: $801,340Net Income 2021: $128,8542021Revenue 2022: $1,205,468Expenses 2022: $970,045Net Income 2022: $235,4232022Revenue 2023: $911,953Expenses 2023: $766,388Net Income 2023: $145,5652023Revenue 2024: $1,259,776Expenses 2024: $924,121Net Income 2024: $335,6552024

Highlighted filing

2024

Revenue$1,259,776
Expenses$924,121
Net Income$335,655

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 29, 2025
Return Version
2023v6.0
Gross Receipts
$2,720,202
Mission and Program Overview

Mission

The beaver booster club provides funds to support athletic scholarships for students who have distinguished themselves in competition and the classroom.

To help support and promote athletics at minot state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$790,475$1,126,130▲ $335,655
Cash and Non-Interest-Bearing Accounts$424,971$649,377▲ $224,406
Accounts Receivable$133,498$145,772▲ $12,274
Savings and Temporary Cash Investments$98,932$99,179▲ $247
Inventories for Sale or Use$573$1,628▲ $1,055
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$874,917$1,211,885▲ $336,968
Other Assets Total$216,943$315,929▲ $98,986
Liabilities
Accounts Payable and Accrued Expenses$84,442$85,755▲ $1,313
Total Liabilities$84,442$85,755▲ $1,313
Net Assets / Fund Balance
Total Net Assets Fund Balance$790,475$1,126,130▲ $335,655
Total Liabilities and Net Assets / Fund Balance$874,917$1,211,885▲ $336,968

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$315,929--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cameron StonePresident
Cole StoberVice President
Dave ForthunDirector
Kim AlbertDirector
Logan GundersonDirector
Steve DangelDirector
Jeremy FellerDevelopment Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$178,479
Program Service Revenue
$0
Investment Income
$25,667
Other Revenue
$1,055,630
All Other Contributions
$178,479
Change in Net Assets
$335,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$769,000
Salaries, Compensation, and Employee Benefits$90,301
Other Expenses$64,820
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$769,000--$769,000
Other Salaries and Wages$65,483--$65,483
Other Employee Benefits$19,808--$19,808
Conferences and Meetings$11,590--$11,590
Office Expenses$6,500--$6,500
Payroll Taxes$5,010--$5,010
Other Expenses$3,403--$3,403
Depreciation Depletion-$2,236-$2,236
Fees for Services Accounting-$1,700-$1,700
All Other Expenses$1,288$335-$1,623
Total Functional Expenses$919,850$4,271$0$924,121
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minot State UniversityMinot, ND501(c)(3)Scholarships to Students$769,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$2,412,668
Gaming Direct Expenses$1,419,422
Fundraising Gross Income$100,951
Fundraising Direct Expenses$41,004
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Scramble$61,239$61,239$16,794$44,445
Concessions$16,872$16,872$9,546$7,326
Total Events$100,951$100,951$41,004$59,947
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
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, Part VI, Section A, Line 6

The organization has various membership club levels.

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

The board of directors reviews the 990 prior to filing.

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

Board members monitor compliance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The organization does not incur salary expense.

Form 990, Part VI, Section C, Line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Msu Beaver Boosters Inc
EIN
36-3884433
Phone
7018583368
Address
500 UNIVERSITY AVENUE WEST, MINOT, ND 58707-0001

Signing Officer

Name
Rick Hedberg
Title
VP of Advancement
Phone
7018583368
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Hedberg
Formed
1960
Legal Domicile
Nd
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
15

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 848, MINOT, ND 58702-0848
Preparer
Tory J Hill CPA
Phone
7018520196
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0315929
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM MSU DEVELOPMENT FOUNDATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0315929
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd01
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041004
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CONCESSIONS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF SCRAMBLE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt05624
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05624
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt061239
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt022840
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0100951
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016872
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt061239
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt022840
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0100951
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt059947
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt09040
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt035380
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09546
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt016794
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt01419422
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt02412668
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt02412668
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt0993246
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt01327848
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt01327848
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsOtherGamingAmt091574
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt091574
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingManagerBusinessName/BusinessNameLine1Txt0JON RIES
IRS990ScheduleG/GamingManagerCompensationAmt040095
IRS990ScheduleG/GamingManagerIsIndCntrctInd0X
IRS990ScheduleG/GamingManagerServicesProvTxt0MANAGE CHARITABLE GAMING SITES AND ACTIVITIES
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingRevenueReceivedByOrgAmt0769000
IRS990ScheduleG/GamingRevenueRtnBy3PrtyAmt01643668
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0MINOT JUNIOR GOLF
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0317 16TH ST NW
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0MINOT
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0ND
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd058703
IRS990ScheduleG/StatesWhereGamingConductedCd0ND
IRS990ScheduleG/ThirdPartyBusinessName/BusinessNameLine1Txt0MINOT JUNIOR GOLF
IRS990ScheduleG/ThirdPartyUSAddress/AddressLine1Txt0317 16TH ST NW
IRS990ScheduleG/ThirdPartyUSAddress/CityNm0MINOT
IRS990ScheduleG/ThirdPartyUSAddress/StateAbbreviationCd0ND
IRS990ScheduleG/ThirdPartyUSAddress/ZIPCd058703
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0769000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS TO STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINOT STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0456002481
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 UNIVERSITY AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINOT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058707
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL FUNDS ARE DISBURSED ACCORDING TO THE GUIDELINES ESTABLISHED BY THE BEAVER BOOSTER CONSTITUTION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS VARIOUS MEMBERSHIP CLUB LEVELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS MONITOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT INCUR SALARY EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0874917
IRS990/TotalAssetsEOYAmt01211885
IRS990/TotalAssetsGrp/BOYAmt0874917
IRS990/TotalAssetsGrp/EOYAmt01211885
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0178479
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04271
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0919850
IRS990/TotalFunctionalExpensesGrp/TotalAmt0924121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt084442
IRS990/TotalLiabilitiesEOYAmt085755
IRS990/TotalLiabilitiesGrp/BOYAmt084442
IRS990/TotalLiabilitiesGrp/EOYAmt085755
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0790475
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01126130
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0919850
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01078860
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02437
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01259776
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0874917
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01211885
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

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