Civic Intelligence

Minnesota State University Mankato Foundation Incorporated

990 • Fiscal year 2016 • EIN 41-6033423

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

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.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

16th percentile

0.10x

Higher debt load relative to revenue than 16% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

82nd percentile

20%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

28th percentile

$232,931

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

41st percentile

0.1%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

56%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Up

$54,109,497

Up $39,016 (+0.1%) from 2015

Net Assets

Up

$53,195,825

Up $99,058 (+0.2%) from 2015

Liabilities

Down

$913,672

Down $60,042 (-6.2%) from 2015

Revenue

Up

$8,896,540

Up $3,179,162 (+56%) from 2015

Expenses

Up

$7,137,555

Up $2,451,887 (+52%) from 2015

Net Income

Up

$1,758,985

Up $727,275 (+70%) from 2015

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

2016

Assets$54,109,497
Liabilities$913,672
Net Assets$53,195,825

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

2016

Revenue$8,896,540
Expenses$7,137,555
Net Income$1,758,985
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$13,520,216
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$44,166,897$44,173,805▲ $6,908
Investments Other Securities$4,838,861$4,889,989▲ $51,128
Pledges and Grants Receivable$1,743,555$2,175,652▲ $432,097
Savings and Temporary Cash Investments$2,042,388$1,592,768▼ $449,620
Land, Buildings, and Equipment, Net$1,003,934$1,003,934→ $0
Cash and Non-Interest-Bearing Accounts$104,215$112,667▲ $8,452
Prepaid Expenses and Deferred Charges$58,723$46,969▼ $11,754
Total Assets$54,070,481$54,109,497▲ $39,016
Other Assets Total$111,908$113,713▲ $1,805
Liabilities
Other Liabilities$863,321$740,693▼ $122,628
Accounts Payable and Accrued Expenses$110,393$172,979▲ $62,586
Total Liabilities$973,714$913,672▼ $60,042
Net Assets / Fund Balance
Permanently Rstr Net Assets$35,517,560$38,173,436▲ $2,655,876
Temporarily Rstr Net Assets$16,059,172$12,746,412▼ $3,312,760
Unrestricted Net Assets$1,520,035$2,275,977▲ $755,942
Total Net Assets Fund Balance$53,096,767$53,195,825▲ $99,058
Total Liabilities and Net Assets / Fund Balance$54,070,481$54,109,497▲ $39,016

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,003,934--
Equipment$0$246,365-
Other Securities$264,659--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$48,226,205$3,347,164▼ $325,249$431,546$48,636,862
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ellen SteckPresident
Timothy HuebschVice President
Barb KausDirector
Colin MeierDirector
Craig LloydDirector
David PetersDirector
Jean Fitterer LanceDirector
Jerry LeeDirector
Jim ClarkDirector
Lyle JacobsonDirector
Mark DavisDirector
Michael DownsDirector
Neil EcklesDirector
Norbert HarringtonDirector
Paul HansonDirector
Robert MakelaDirector
Rod SchmidtDirector
Kent StanleyVP of UniversityAdvancement (as of April 2016)
Kent ClarkVP of UniversityAdvancement (thru Nov 2015)
Revenue and Support

Revenue Composition

Contributions and Grants
$7,465,408
Program Service Revenue
$0
Investment Income
$1,388,607
Other Revenue
$42,525
All Other Contributions
$7,465,408
Change in Net Assets
$1,758,985

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
Other Non Cash Contri Table1$1,192,324Valued by Donor
Securities Publicly Traded10$219,841Fair Market Value (FMV)
Other Non Cash Contri Table12$95,832Valued by Donor
Other Non Cash Contri Table2$25,906Valued by Donor
Historical Artifacts2$6,499Valued by Donor
Other Non Cash Contri Table2$5,750Valued by Donor
Books and Publications-$5,620Valued by Donor
Other Non Cash Contri Table1$4,156Valued by Donor
Other Non Cash Contri Table9$2,589Valued by Donor
Total Noncash Contributions39$1,558,517-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,928,059
Revenue Not Reported on Financial Statements
$-31,519
Revenue Not Reported on Form 990
$-9,578
Other Revenue Adjustments
$-31,519
Total Revenue per Audited Statements
$8,918,481
Total Revenue per Form 990
$8,896,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,207,534
Grants and Similar Amounts Paid$2,941,385
Salaries, Compensation, and Employee Benefits$988,636
Total Fundraising Expense$334,515
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$1,606,917$156,467-$1,763,384
Grants to Domestic Orgs$1,657,366--$1,657,366
Grants to Domestic Individuals$1,284,019--$1,284,019
Other Salaries and Wages$555,703-$277,988$833,691
Fees for Service Investment Mgmnt Fees-$240,089-$240,089
Information Technology$50,256$153,728-$203,984
Travel$157,142$8,001$450$165,593
Fees for Services Other$44,425$93,807-$138,232
Conferences and Meetings$95,094$4,332-$99,426
Other Employee Benefits$43,520-$21,771$65,291
Pension Plan Contributions$31,718-$15,867$47,585
Payroll Taxes$28,041-$14,028$42,069
Fees for Services Accounting-$28,935-$28,935
All Other Expenses$12,887-$2,792$15,679
Insurance-$14,990-$14,990
Advertising$9,105-$1,474$10,579
Occupancy$7,934$2,105-$10,039
Other Expenses$750$4,173$145$895
Fees for Services Legal-$564-$564
Total Functional Expenses$6,095,849$707,191$334,515$7,137,555

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,819,423
Expenses per Audited Statements$7,137,555
Total Expenses per Form 990$7,137,555
Expenses Not Reported on Form 990$1,681,868
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota State UniversityMankato, MNN/aTo assist the University in awarding student scholarships and promoting University programs.$1,524,348
School Sisters of Notre DameSt Louis, MON/aProgram support$95,392
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,465
Fundraising Direct Expenses$2,278
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$740,693
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
Yes
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 4

The bylaws were amended to clarify the composition and voting members of the Executive Committee, to define the responsibilities of the Audit Committee, to establish guidelines for the composition of the Board of Directors, and to establish a procedure for amending the Bylaws.

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 is then 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
2017-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Steck
Formed
1959
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
16

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 19,012. Change in carrying value of life insurance 3,963.

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 Foundation'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 19,012. Change in value of life insurance 3,963.

Part XI, Line 4B - Other Adjustments:

Special events expenses reported in expenses on financial statements -2,278. Rental expenses reported in expenses on financial statements -27,268. Loss on sale of investments reported in expenses on financial statements -1,973.

Part XII, Line 2D - Other Adjustments:

Special events expenses reported in revenue on Form 990 2,278. Rental expenses reported in revenue on Form 990 27,268. Loss on sale of investments reported in expenses on financial statements 1,973.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Ellen Steck
IRS990/Form990PartVIISectionAGrp/PersonNm1Timothy Huebsch
IRS990/Form990PartVIISectionAGrp/PersonNm2Jim Clark
IRS990/Form990PartVIISectionAGrp/PersonNm3Mark Davis
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IRS990/Form990PartVIISectionAGrp/PersonNm5Neil Eckles
IRS990/Form990PartVIISectionAGrp/PersonNm6Paul Hanson
IRS990/Form990PartVIISectionAGrp/PersonNm7Norbert Harrington
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IRS990/Form990PartVIISectionAGrp/PersonNm9Barb Kaus
IRS990/Form990PartVIISectionAGrp/PersonNm10Jean Fitterer Lance
IRS990/Form990PartVIISectionAGrp/PersonNm11Jerry Lee
IRS990/Form990PartVIISectionAGrp/PersonNm12Craig Lloyd
IRS990/Form990PartVIISectionAGrp/PersonNm13Robert Makela
IRS990/Form990PartVIISectionAGrp/PersonNm14Colin Meier
IRS990/Form990PartVIISectionAGrp/PersonNm15David Peters
IRS990/Form990PartVIISectionAGrp/PersonNm16Rod Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm17Kent ClarkVP of University
IRS990/Form990PartVIISectionAGrp/PersonNm18Kent StanleyVP of University
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/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/ReportableCompFromRltdOrgAmt17202975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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/TitleTxt17Advancement (thru Nov 2015)
IRS990/Form990PartVIISectionAGrp/TitleTxt18Advancement (as of April 2016)
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IRS990/FormationYr01959
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/FundraisingGrossIncomeAmt08465
IRS990/GainOrLossGrp/SecuritiesAmt0272116
IRS990/GamingActivitiesInd00
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IRS990/GrantAmt01585930
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01284019
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01284019
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01657366
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01657366
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt04866246
IRS990/GrossReceiptsAmt013520216
IRS990/GrossRentsGrp/RealAmt035384
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0153728
IRS990/InformationTechnologyGrp/ProgramServicesAmt050256
IRS990/InformationTechnologyGrp/TotalAmt0203984
IRS990/InsuranceGrp/ManagementAndGeneralAmt014990
IRS990/InsuranceGrp/TotalAmt014990
IRS990/InvestmentIncomeGrp/ExclusionAmt01116491
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01116491
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04838861
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04889989
IRS990/InvestmentsPubTradedSecGrp/BOYAmt044166897
IRS990/InvestmentsPubTradedSecGrp/EOYAmt044173805
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0246365
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01003934
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01003934
IRS990/LandBldgEquipCostOrOtherBssAmt01250299
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04594130
IRS990/LessRentalExpensesGrp/RealAmt027268
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/NetAssetsOrFundBalancesBOYAmt053096767
IRS990/NetAssetsOrFundBalancesEOYAmt053195825
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0272116
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0272116
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt06187
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06187
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08116
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08116
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1682902
IRS990/NoncashContributionsAmt01558517
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02105
IRS990/OccupancyGrp/ProgramServicesAmt07934
IRS990/OccupancyGrp/TotalAmt010039
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0156467
IRS990/OfficeExpensesGrp/ProgramServicesAmt01606917
IRS990/OfficeExpensesGrp/TotalAmt01763384
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0111908
IRS990/OtherAssetsTotalGrp/EOYAmt0113713
IRS990/OtherChangesInNetAssetsAmt022975
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt021771
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043520
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065291
IRS990/OtherExpensesGrp/Desc0Bad Debt Expense
IRS990/OtherExpensesGrp/Desc1Memberships & Accredita
IRS990/OtherExpensesGrp/Desc2Taxes, Fees and Assessm
IRS990/OtherExpensesGrp/FundraisingAmt0145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04173
IRS990/OtherExpensesGrp/ProgramServicesAmt0495867
IRS990/OtherExpensesGrp/ProgramServicesAmt115105
IRS990/OtherExpensesGrp/ProgramServicesAmt2750
IRS990/OtherExpensesGrp/TotalAmt0495867
IRS990/OtherExpensesGrp/TotalAmt119278
IRS990/OtherExpensesGrp/TotalAmt2895
IRS990/OtherLiabilitiesGrp/BOYAmt0863321
IRS990/OtherLiabilitiesGrp/EOYAmt0740693
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt013183
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013183
IRS990/OtherRevenueTotalAmt013183
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0277988
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0555703
IRS990/OtherSalariesAndWagesGrp/TotalAmt0833691
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014028
IRS990/PayrollTaxesGrp/ProgramServicesAmt028041
IRS990/PayrollTaxesGrp/TotalAmt042069
IRS990/PensionPlanContributionsGrp/FundraisingAmt015867
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031718
IRS990/PensionPlanContributionsGrp/TotalAmt047585
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt035517560
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt038173436
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01743555
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02175652
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058723
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046969
IRS990/PrincipalOfficerNm0Ellen Steck
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0The organization provides support to various academic and athletic programs, clubs, and conferences of the university.Support for University Athletic Programs - $809,159Support for Rental Space for Various University Programs - $80,100Support for University Music Programs. - $23,125Support for University Educational Programs - $28,876Support for University Auxiliary Programs. - $61,000Support for Equipment and Facilites for Various Athletics and Academic Programs - $320,071
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01322331
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01322331
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/ExpenseAmt02316082
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/ExpenseAmt0871506
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt033124
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03912234
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02352944
IRS990/PYInvestmentIncomeAmt01772622
IRS990/PYOtherExpensesAmt01549766
IRS990/PYOtherRevenueAmt017515
IRS990/PYProgramServiceRevenueAmt015007
IRS990/PYRevenuesLessExpensesAmt01031710
IRS990/PYSalariesCompEmpBnftPaidAmt0782958
IRS990/PYTotalExpensesAmt04685668
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05717378
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01758985
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08116
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt015039
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt015039
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02042388
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01592768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07465408
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03912234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04543395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04401909
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02794054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023117000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01166914
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01148008
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01164475
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01225418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01180780
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05885595
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0139585
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77770
IRS990ScheduleA/PublicSupportPY170Pct00.71800
IRS990ScheduleA/PublicSupportTotal170Amt022556176

Document Assets

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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
Peer Organizations

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