Civic Intelligence

Minnesota State University Mankato Foundation Incorporated

990 • Fiscal year 2015 • EIN 41-6033423

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 11, 2016

236 Wigley Administration CenterMankato, MN 56001

(507) 389-5595

Siviq Scores

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

Liabilities / Assets

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

26th percentile

0.17x

Higher debt load relative to revenue than 26% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

8th percentile

$110,851

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

26th percentile

-2.1%

Faster asset growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-18%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Down

$54,070,481

Down $1,134,073 (-2.1%) from 2014

Net Assets

Down

$53,096,767

Down $1,052,204 (-1.9%) from 2014

Liabilities

Down

$973,714

Down $81,869 (-7.8%) from 2014

Revenue

Down

$5,717,378

Down $1,264,548 (-18%) from 2014

Expenses

Down

$4,685,668

Down $26,706 (-0.6%) from 2014

Net Income

Down

$1,031,710

Down $1,237,842 (-55%) from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $39,401,646Liabilities 2010: $1,995,643Net Assets 2010: $37,406,0032010Assets 2011: $46,353,404Liabilities 2011: $1,562,516Net Assets 2011: $44,790,8882011Assets 2012: $44,733,880Liabilities 2012: $1,435,883Net Assets 2012: $43,297,9972012Assets 2013: $48,185,417Liabilities 2013: $1,139,841Net Assets 2013: $47,045,5762013Assets 2014: $55,204,554Liabilities 2014: $1,055,583Net Assets 2014: $54,148,9712014Assets 2015: $54,070,481Liabilities 2015: $973,714Net Assets 2015: $53,096,7672015Assets 2016: $54,109,497Liabilities 2016: $913,672Net Assets 2016: $53,195,8252016Assets 2017: $63,384,880Liabilities 2017: $928,048Net Assets 2017: $62,456,8322017Assets 2018: $67,537,592Liabilities 2018: $871,670Net Assets 2018: $66,665,9222018Assets 2019: $67,583,531Liabilities 2019: $921,950Net Assets 2019: $66,661,5812019Assets 2020: $67,577,762Liabilities 2020: $885,872Net Assets 2020: $66,691,8902020Assets 2021: $85,675,162Liabilities 2021: $528,354Net Assets 2021: $85,146,8082021Assets 2022: $77,015,205Liabilities 2022: $1,032,099Net Assets 2022: $75,983,1062022Assets 2023: $86,434,052Liabilities 2023: $1,157,651Net Assets 2023: $85,276,4012023Assets 2024: $101,080,500Liabilities 2024: $900,681Net Assets 2024: $100,179,8192024Assets 2025: $127,735,165Liabilities 2025: $2,318,155Net Assets 2025: $125,417,0102025

Highlighted filing

2015

Assets$54,070,481
Liabilities$973,714
Net Assets$53,096,767

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2010: $4,182,0482010Expenses 2011: $3,904,1832011Expenses 2012: $4,250,7972012Expenses 2013: $4,751,6962013Revenue 2014: $6,981,926Expenses 2014: $4,712,374Net Income 2014: $2,269,5522014Revenue 2015: $5,717,378Expenses 2015: $4,685,668Net Income 2015: $1,031,7102015Revenue 2016: $8,896,540Expenses 2016: $7,137,555Net Income 2016: $1,758,9852016Revenue 2017: $11,065,431Expenses 2017: $6,189,923Net Income 2017: $4,875,5082017Revenue 2018: $10,963,272Expenses 2018: $7,803,299Net Income 2018: $3,159,9732018Revenue 2019: $8,513,698Expenses 2019: $7,828,270Net Income 2019: $685,4282019Revenue 2020: $9,663,782Expenses 2020: $6,846,305Net Income 2020: $2,817,4772020Revenue 2021: $15,243,614Expenses 2021: $9,705,209Net Income 2021: $5,538,4052021Revenue 2022: $9,285,148Expenses 2022: $7,531,061Net Income 2022: $1,754,0872022Revenue 2023: $7,880,381Expenses 2023: $6,221,910Net Income 2023: $1,658,4712023Revenue 2024: $16,316,150Expenses 2024: $7,257,034Net Income 2024: $9,059,1162024Revenue 2025: $30,343,857Expenses 2025: $9,131,149Net Income 2025: $21,212,7082025

Highlighted filing

2015

Revenue$5,717,378
Expenses$4,685,668
Net Income$1,031,710
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 11, 2016
Return Version
2014v6.0
Gross Receipts
$21,088,723
Mission and Program Overview

Mission

Minnesota state university, mankato foundation, inc. Is dedicated to securing private gifts and grants to benefit minnesota state university, mankato. Each year, thousands of generous benefactors make gifts to help students, faculty and programs at this university. The foundation's mission is to enhance the university's ability to achieve its mission by encouraging and stewarding sustained philanthropic support from alumni and friends. The foundation operates with responsible stewardship, integrity, transparency and trust, provides leadership, advocacy and support of the university's strategic priorities, provides support for educational access and for enriching experiences for students, and provides leadership in promoting and engaging donor passion.

To support Minnesota State University, Mankato.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$49,800,820$44,166,897▼ $5,633,923
Investments Other Securities$134,309$4,838,861▲ $4,704,552
Savings and Temporary Cash Investments$1,823,349$2,042,388▲ $219,039
Pledges and Grants Receivable$1,872,689$1,743,555▼ $129,134
Land, Buildings, and Equipment, Net$1,291,840$1,003,934▼ $287,906
Cash and Non-Interest-Bearing Accounts$115,012$104,215▼ $10,797
Prepaid Expenses and Deferred Charges$48,823$58,723▲ $9,900
Total Assets$55,204,554$54,070,481▼ $1,134,073
Other Assets Total$117,712$111,908▼ $5,804
Liabilities
Other Liabilities$945,006$863,321▼ $81,685
Accounts Payable and Accrued Expenses$110,577$110,393▼ $184
Total Liabilities$1,055,583$973,714▼ $81,869
Net Assets / Fund Balance
Permanently Rstr Net Assets$34,415,580$35,517,560▲ $1,101,980
Temporarily Rstr Net Assets$19,361,802$16,059,172▼ $3,302,630
Unrestricted Net Assets$371,589$1,520,035▲ $1,148,446
Total Net Assets Fund Balance$54,148,971$53,096,767▼ $1,052,204
Total Liabilities and Net Assets / Fund Balance$55,204,554$54,070,481▼ $1,134,073

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,003,934-$1,003,934
Equipment$0$246,365$246,365
Other Securities$134,309--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$50,524,750$913,127▼ $132,692-$48,226,205
2013$44,403,556$918,720▲ $6,719,434-$50,524,750
2012$40,513,933$1,060,717▲ $4,193,788-$44,403,556
2011$32,254,603$620,384▼ $59,784$46,429$32,768,774
2010$31,187,942$984,711▲ $109,531$27,581$32,254,603
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kent ClarkVP of University AdvancementFT$110,851$110,851

Board Members and Trustees

NameTitle
Adam MansPresident
Ellen SteckVice President
Colin MeierDirector
Daryl HenzeDirector
David PetersDirector
Dennis MillerDirector
Jean LanceDirector
Jerry LeeDirector
Julie FrederickDirector
Lyle JacobsonDirector
Mark DavisDirector
Michael DownsDirector
Nancy ZwickeyDirector
Neil EcklesDirector
Norbert HarringtonDirector
Paul HansonDirector
Robert MakelaDirector
Rod SchmidtDirector
Timothy HuebschDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,912,234
Program Service Revenue
$15,007
Investment Income
$1,772,622
Other Revenue
$17,515
All Other Contributions
$3,912,234
Change in Net Assets
$1,031,710

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$189,815Fair Market Value (FMV)
Other Non Cash Contri Table9$113,869Valued by Donor
Other Non Cash Contri Table9$60,032Valued by Donor
Food Inventory5$21,940Valued by Donor
Other Non Cash Contri Table13$10,484Valued by Donor
Total Noncash Contributions39$396,140-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,728,622
Revenue Not Reported on Financial Statements
$-11,244
Revenue Not Reported on Form 990
$-454,041
Other Revenue Adjustments
$-11,244
Total Revenue per Audited Statements
$5,274,581
Total Revenue per Form 990
$5,717,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,352,944
Other Expenses$1,549,766
Salaries, Compensation, and Employee Benefits$782,958
Total Fundraising Expense$333,785
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,188,866--$1,188,866
Grants to Domestic Individuals$1,164,078--$1,164,078
Other Salaries and Wages$381,631-$274,089$655,720
Office Expenses$388,392$142,420-$530,812
Fees for Service Investment Mgmnt Fees-$246,200-$246,200
Fees for Services Other$124,572$76,307-$200,879
Information Technology$32,685$152,718-$185,403
Travel$113,318$9,789$1,975$125,082
Conferences and Meetings$110,823$580-$111,403
Other Employee Benefits$36,240-$26,027$62,267
Pension Plan Contributions$21,003-$15,085$36,088
Fees for Services Accounting-$34,025-$34,025
Payroll Taxes$16,810-$12,073$28,883
All Other Expenses$14,188$904$4,042$19,134
Insurance-$13,585-$13,585
Occupancy$5,324$4,935-$10,259
Advertising$6,711-$494$7,205
Other Expenses$706$3,758-$706
Fees for Services Legal-$494-$494
Total Functional Expenses$3,666,168$685,715$333,785$4,685,668

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,326,785
Expenses per Audited Statements$4,685,668
Total Expenses per Form 990$4,685,668
Expenses Not Reported on Form 990$1,641,117
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota State University MankatoMankato, MNN/aTo assist the University in awarding student scholarships and promoting University programs.$1,184,592
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,049
Fundraising Direct Expenses$3,828
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
Gift Annuities Payable$863,321
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 A, line 8B

There are no commmittees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11

The 990 is initially reviewed by the VP of University of Advancement and the Foundation accountant. It then is approved by the Board President and submitted to the Executive Committee. The completed 990 will be posted on the organization's website where the remaining board members can download and view.

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

Disclosures of possible conflicts are reviewed annually by the Audit Committee. If follow-up is required, the committee assigns a member or staff to handle or monitor as necessary.

Form 990, Part VI, Section B, line 15

The Organization does not pay any compensation. The VP of University Advancement is paid by a related organization.

Form 990, Part VI, Section C, line 19

The financial statements are available on the organization's website. All other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Minnesota State University Mankato
EIN
41-6033423
Phone
5073895595
Address
236 Wigley Administration Center, Mankato, MN 56001

Signing Officer

Name
Ellen Steck
Title
President
Phone
5073895595
Signed
2016-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Steck
Formed
1959
Legal Domicile
Mn
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
23

Preparer

Firm
Eide Bailly LLP
Address
1911 Excel Drive, Mankato, MN 56001
Preparer
Ann Coleman
Phone
5073876031
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in carrying value of trusts and annuities -166.

Financial Statement Notes

Part X, Line 2:

Minnesota State University, Foundation (Foundation) is organized as a Minnesota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi), and has been determined not to be a private foundation under Section 509(a)(1). Maverick Philanthropic Properties, LLC maintains exempt status under the Foundaton's exemption since the Foundation is the sole member of Maverick Philanthropic Properties, LLC. The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The Foundation has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Part XI, Line 2D - Other Adjustments:

Change in carrying value of investments -166.

Part XI, Line 4B - Other Adjustments:

Special events expenses reported in expenses on financial statements -3,828. Rental expenses reported in expenses on financial statements -7,289. Loss on sale of investments reported in expenses on financial statements -127.

Part XII, Line 2D - Other Adjustments:

Special events expenses reported in revenue on Form 990 3,828. Rental expenses reported in revenue on Form 990 7,289. Loss on sale of investments reported in expenses on financial statements 127.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Ellen Steck
IRS990/Form990PartVIISectionAGrp/PersonNm2Colin Meier
IRS990/Form990PartVIISectionAGrp/PersonNm3Daryl Henze
IRS990/Form990PartVIISectionAGrp/PersonNm4David Peters
IRS990/Form990PartVIISectionAGrp/PersonNm5Dennis Miller
IRS990/Form990PartVIISectionAGrp/PersonNm6Jean Lance
IRS990/Form990PartVIISectionAGrp/PersonNm7Jerry Lee
IRS990/Form990PartVIISectionAGrp/PersonNm8Julie Frederick
IRS990/Form990PartVIISectionAGrp/PersonNm9Lyle Jacobson
IRS990/Form990PartVIISectionAGrp/PersonNm10Mark Davis
IRS990/Form990PartVIISectionAGrp/PersonNm11Michael Downs
IRS990/Form990PartVIISectionAGrp/PersonNm12Nancy Zwickey
IRS990/Form990PartVIISectionAGrp/PersonNm13Neil Eckles
IRS990/Form990PartVIISectionAGrp/PersonNm14Norbert Harrington
IRS990/Form990PartVIISectionAGrp/PersonNm15Paul Hanson
IRS990/Form990PartVIISectionAGrp/PersonNm16Robert Makela
IRS990/Form990PartVIISectionAGrp/PersonNm17Rod Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm18Timothy Huebsch
IRS990/Form990PartVIISectionAGrp/PersonNm19Kent Clark
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/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/ReportableCompFromRltdOrgAmt1990189
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
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/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP of University Advancement
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01959
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt03828
IRS990/FundraisingGrossIncomeAmt013049
IRS990/GainOrLossGrp/OtherAmt0-209414
IRS990/GainOrLossGrp/SecuritiesAmt0849611
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt01380721
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01164078
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01164078
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01188866
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01188866
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt016000425
IRS990/GrossReceiptsAmt021088723
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0152718
IRS990/InformationTechnologyGrp/ProgramServicesAmt032685
IRS990/InformationTechnologyGrp/TotalAmt0185403
IRS990/InsuranceGrp/ManagementAndGeneralAmt013585
IRS990/InsuranceGrp/TotalAmt013585
IRS990/InvestmentIncomeGrp/ExclusionAmt01132425
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01132425
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0134309
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04838861
IRS990/InvestmentsPubTradedSecGrp/BOYAmt049800820
IRS990/InvestmentsPubTradedSecGrp/EOYAmt044166897
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0246365
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01291840
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01003934
IRS990/LandBldgEquipCostOrOtherBssAmt01250299
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0209414
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt015150814
IRS990/LessRentalExpensesGrp/RealAmt07289
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Minnesota State University, Mankato Foundation is dedicated to securing private gifts and grants that benefit Minnesota State Mankato. Each year, thousands of generous benefactors make gifts to help students, faculty and programs at this University. The Foundation's mission is to enhance the University's ability to achieve its mission by encouraging and stewarding sustained philanthropic support from alumni and friends. The Foundation operates with responsible stewardship, integrity, transparency and trust; provides leadership, advocacy and support of the University's strategic priorities; provides support for educational access and for enriching experiences for students; and provides leadership in promoting and engaging donor passion.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt054148971
IRS990/NetAssetsOrFundBalancesEOYAmt053096767
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0640197
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0640197
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt09221
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09221
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-7289
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-7289
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2083748
IRS990/NoncashContributionsAmt0396140
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04935
IRS990/OccupancyGrp/ProgramServicesAmt05324
IRS990/OccupancyGrp/TotalAmt010259
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0142420
IRS990/OfficeExpensesGrp/ProgramServicesAmt0388392
IRS990/OfficeExpensesGrp/TotalAmt0530812
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0117712
IRS990/OtherAssetsTotalGrp/EOYAmt0111908
IRS990/OtherChangesInNetAssetsAmt0-166
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt026027
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036240
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062267
IRS990/OtherExpensesGrp/Desc0Bad Debt Expense
IRS990/OtherExpensesGrp/Desc1Memberships & Accredita
IRS990/OtherExpensesGrp/Desc2Taxes, Fees and Assessm
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03758
IRS990/OtherExpensesGrp/ProgramServicesAmt048882
IRS990/OtherExpensesGrp/ProgramServicesAmt111939
IRS990/OtherExpensesGrp/ProgramServicesAmt2706
IRS990/OtherExpensesGrp/TotalAmt048882
IRS990/OtherExpensesGrp/TotalAmt115697
IRS990/OtherExpensesGrp/TotalAmt2706
IRS990/OtherLiabilitiesGrp/BOYAmt0945006
IRS990/OtherLiabilitiesGrp/EOYAmt0863321
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0274089
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0381631
IRS990/OtherSalariesAndWagesGrp/TotalAmt0655720
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt012073
IRS990/PayrollTaxesGrp/ProgramServicesAmt016810
IRS990/PayrollTaxesGrp/TotalAmt028883
IRS990/PensionPlanContributionsGrp/FundraisingAmt015085
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021003
IRS990/PensionPlanContributionsGrp/TotalAmt036088
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt034415580
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt035517560
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01872689
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01743555
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048823
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058723
IRS990/PrincipalOfficerNm0Ellen Steck
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Miscellaneous Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt015007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015007
IRS990/ProgSrvcAccomActy2Grp/Desc0The organization provides support to various academic and athletic programs, clubs, and conferences of the university.Support for the Athletic programs of the University. - $768,724Support for Music programs. - $8,520Support for Rental Space for programs - $80,100Support for MSU Auxiliary Programs - $113,234Support for various other University programs. - $1,645
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0972223
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0972223
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization provides support for staff and student salaries, supplies, equipment rental, printing, postage, and other expenses used to assist daily educational operations and activities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0884846
IRS990/ProgSrvcAccomActyOtherGrp/Desc0The organization provides support for the development of students and staff through conferences, conventions, workshops, meetings, speakers, and other professional development activities.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0379496
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04543395
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02265687
IRS990/PYInvestmentIncomeAmt02404173
IRS990/PYOtherExpensesAmt01702708
IRS990/PYOtherRevenueAmt06276
IRS990/PYProgramServiceRevenueAmt028082
IRS990/PYRevenuesLessExpensesAmt02269552
IRS990/PYSalariesCompEmpBnftPaidAmt0743979
IRS990/PYTotalExpensesAmt04712374
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06981926
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01031710
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-7289
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt015583
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt015583
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01823349
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02042388
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03912234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04543395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04401909
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02794054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03458386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019109978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01148008
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01164475
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01225418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01180780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01281706

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$2.32$125$30.3$9.13$21.2
2024Detailed filing. Detailed filing data is available for this year.$101$0.90$100$16.3$7.26$9.06
2023Detailed filing. Detailed filing data is available for this year.$86.4$1.16$85.3$7.88$6.22$1.66
2022Detailed filing. Detailed filing data is available for this year.$77.0$1.03$76.0$9.29$7.53$1.75
2021Detailed filing. Detailed filing data is available for this year.$85.7$0.53$85.1$15.2$9.71$5.54
2020Detailed filing. Detailed filing data is available for this year.$67.6$0.89$66.7$9.66$6.85$2.82
2019Detailed filing. Detailed filing data is available for this year.$67.6$0.92$66.7$8.51$7.83$0.69
2018Detailed filing. Detailed filing data is available for this year.$67.5$0.87$66.7$11.0$7.80$3.16
2017Detailed filing. Detailed filing data is available for this year.$63.4$0.93$62.5$11.1$6.19$4.88
2016Detailed filing. Detailed filing data is available for this year.$54.1$0.91$53.2$8.90$7.14$1.76
2015Detailed filing. Detailed filing data is available for this year.$54.1$0.97$53.1$5.72$4.69$1.03
2014Detailed filing. Detailed filing data is available for this year.$55.2$1.06$54.1$6.98$4.71$2.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.2$1.14$47.0$4.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$1.44$43.3$4.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.4$1.56$44.8$3.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.4$2.00$37.4$4.18