Civic Intelligence

Missouri State University Foundation

EIN 43-1234200 • 501(c)3 • Springfield, MO

Profile

The mission of the organization is to develop an environment which promotes giving and therein seek, receive, manage and distribute resources in a manner appropriate to support programs of instruction, research and public service of the university.

901 S NationalSpringfield, MO 65897

www.missouristatefoundation.org

Siviq Scores

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

Liabilities / Assets

24th percentile

0.07x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.38x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

20th percentile

-5.5%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

13th percentile

$202,478

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

59th percentile

8.1%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-19%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$220,115,120

Up $24,314,730 (+12%) from 2023

Liabilities

Up

$16,162,924

Up $2,645,137 (+20%) from 2023

Net Assets

Up

$203,952,196

Up $21,669,593 (+12%) from 2023

Revenue

Up

$55,596,087

Up $20,112,572 (+57%) from 2023

Expenses

Down

$27,588,775

Down $9,852,152 (-26%) from 2023

Net Income

Up

$28,007,312

Up $29,964,724 (+1531%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $106,588,940Liabilities 2010: $2,519,770Net Assets 2010: $104,069,1702010Assets 2011: $117,027,132Liabilities 2011: $3,915,969Net Assets 2011: $113,111,1632011Assets 2012: $120,569,989Liabilities 2012: $1,642,352Net Assets 2012: $118,927,6372012Assets 2013: $128,346,438Liabilities 2013: $1,890,137Net Assets 2013: $126,456,3012013Assets 2014: $138,431,951Liabilities 2014: $1,909,907Net Assets 2014: $136,522,0442014Assets 2015: $141,806,947Liabilities 2015: $2,549,233Net Assets 2015: $139,257,7142015Assets 2016: $140,338,040Liabilities 2016: $2,995,748Net Assets 2016: $137,342,2922016Assets 2017: $146,286,102Liabilities 2017: $3,269,018Net Assets 2017: $143,017,0842017Assets 2018: $144,706,479Liabilities 2018: $3,663,545Net Assets 2018: $141,042,9342018Assets 2019: $145,791,735Liabilities 2019: $1,903,190Net Assets 2019: $143,888,5452019Assets 2020: $170,270,696Liabilities 2020: $4,676,215Net Assets 2020: $165,594,4812020Assets 2021: $193,009,225Liabilities 2021: $3,936,317Net Assets 2021: $189,072,9082021Assets 2022: $181,048,286Liabilities 2022: $2,363,311Net Assets 2022: $178,684,9752022Assets 2023: $195,800,390Liabilities 2023: $13,517,787Net Assets 2023: $182,282,6032023Assets 2024: $220,115,120Liabilities 2024: $16,162,924Net Assets 2024: $203,952,1962024

Highlighted filing

2024

Assets$220,115,120
Liabilities$16,162,924
Net Assets$203,952,196

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $14,539,2912010Expenses 2011: $15,311,8592011Revenue 2012: $23,840,042Expenses 2012: $16,066,872Net Income 2012: $7,773,1702012Revenue 2013: $17,132,832Expenses 2013: $14,576,571Net Income 2013: $2,556,2612013Revenue 2014: $17,604,902Expenses 2014: $17,369,224Net Income 2014: $235,6782014Revenue 2015: $23,263,922Expenses 2015: $20,457,172Net Income 2015: $2,806,7502015Revenue 2016: $21,047,753Expenses 2016: $21,207,123Net Income 2016: -$159,3702016Revenue 2017: $20,670,090Expenses 2017: $23,811,935Net Income 2017: -$3,141,8452017Revenue 2018: $26,127,579Expenses 2018: $34,288,490Net Income 2018: -$8,160,9112018Revenue 2019: $30,830,680Expenses 2019: $25,214,688Net Income 2019: $5,615,9922019Revenue 2020: $43,600,075Expenses 2020: $18,702,672Net Income 2020: $24,897,4032020Revenue 2021: $33,993,322Expenses 2021: $24,268,361Net Income 2021: $9,724,9612021Revenue 2022: $43,988,048Expenses 2022: $31,865,873Net Income 2022: $12,122,1752022Revenue 2023: $35,483,515Expenses 2023: $37,440,927Net Income 2023: -$1,957,4122023Revenue 2024: $55,596,087Expenses 2024: $27,588,775Net Income 2024: $28,007,3122024

Highlighted filing

2024

Revenue$55,596,087
Expenses$27,588,775
Net Income$28,007,312

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$220$16.2$204$55.6$27.6$28.0
2023Detailed filing. Detailed filing data is available for this year.$196$13.5$182$35.5$37.4$1.96
2022Detailed filing. Detailed filing data is available for this year.$181$2.36$179$44.0$31.9$12.1
2021Detailed filing. Detailed filing data is available for this year.$193$3.94$189$34.0$24.3$9.72
2020Detailed filing. Detailed filing data is available for this year.$170$4.68$166$43.6$18.7$24.9
2019Detailed filing. Detailed filing data is available for this year.$146$1.90$144$30.8$25.2$5.62
2018Detailed filing. Detailed filing data is available for this year.$145$3.66$141$26.1$34.3$8.16
2017Detailed filing. Detailed filing data is available for this year.$146$3.27$143$20.7$23.8$3.14
2016Detailed filing. Detailed filing data is available for this year.$140$3.00$137$21.0$21.2$0.16
2015Detailed filing. Detailed filing data is available for this year.$142$2.55$139$23.3$20.5$2.81
2014Detailed filing. Detailed filing data is available for this year.$138$1.91$137$17.6$17.4$0.24
2013Summary only. Only limited summary data is available for this year.$128$1.89$126$17.1$14.6$2.56
2012Summary only. Only limited summary data is available for this year.$121$1.64$119$23.8$16.1$7.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$3.92$113$15.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$2.52$104$14.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$328,621,096
Mission and Program Overview

Mission

The mission of the organization is to develop an environment which promotes giving and therein seek, receive, manage and distribute resources in a manner appropriate to support programs of instruction, research and public service of the university.

The missouri state university foundation supports missouri state university by managing and distributing resources received in fundraising campaigns and events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$127,643,451$172,515,561▲ $44,872,110
Investments Other Securities$16,776,946$18,637,623▲ $1,860,677
Pledges and Grants Receivable$22,985,270$12,376,277▼ $10,608,993
Savings and Temporary Cash Investments$20,248,290$7,757,970▼ $12,490,320
Land, Buildings, and Equipment, Net$3,501,416$3,127,694▼ $373,722
Prepaid Expenses and Deferred Charges$2,102,579$1,324,514▼ $778,065
Accounts Receivable$12,730$4,814▼ $7,916
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$195,800,390$220,115,120▲ $24,314,730
Other Assets Total$2,529,708$4,370,667▲ $1,840,959
Liabilities
Other Liabilities$12,018,336$14,413,779▲ $2,395,443
Deferred Revenue$1,379,177$1,615,624▲ $236,447
Accounts Payable and Accrued Expenses$120,274$133,521▲ $13,247
Total Liabilities$13,517,787$16,162,924▲ $2,645,137
Net Assets / Fund Balance
Net Assets With Donor Restrictions$170,707,406$183,759,384▲ $13,051,978
Net Assets Without Donor Restrictions$11,575,197$20,192,812▲ $8,617,615
Total Net Assets Fund Balance$182,282,603$203,952,196▲ $21,669,593
Total Liabilities and Net Assets / Fund Balance$195,800,390$220,115,120▲ $24,314,730

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,305,253$111,772$2,417,025
Land$578,000-$578,000
Equipment$136,941$203,287$340,228
Other Land Buildings$107,500--
Other Securities$12,003,919--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$113,245,510$3,583,173▲ $10,134,089$6,891,960$120,070,812
2022$105,795,188$4,268,974▲ $9,417,650$6,236,302$113,245,510
2021$114,156,493$7,089,570▼ $9,617,222$5,833,653$105,795,188
2020$87,643,305$8,249,344▲ $23,648,788$5,384,944$114,156,493
2019$89,101,918$4,797,819▼ $1,266,616$4,989,816$87,643,305
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
W Brent DunnExecutive DirectorPT$106,754$41,296$148,050
Cindy BusbySecretary, End 1/24PT$27,928$79,588$107,516
Jennifer WeterSecretary, Beg 1/24PT$18,898$57,215$76,113
Stephen a FoucartTreasurer, End 7/23PT$35,824$6,843$42,667
Cynthia SchullTreasurer, Beg 7/23PT$26,767$11,570$38,337

Board Members and Trustees

NameTitle
Beverly KeltnerChair Elect, Beg 1/24
Jim WilsonChair, Beg 1/24
Mark McquearyChair, End 1/24
Bonnalie O CampbellTrustee
Diane JenkinsTrustee
John D FosterTrustee
Judy BreedingTrustee
Mary H SchragTrustee
Tim FooteTrustee
Matt HarthcockTrustee, Beg 1/24
Revenue and Support

Revenue Composition

Contributions and Grants
$35,361,543
Program Service Revenue
$5,893,118
Investment Income
$14,100,345
Other Revenue
$241,081
All Other Contributions
$34,830,000
Change in Net Assets
$28,007,312

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial2$2,361,000Other - Real Property Appraiser
Intellectual Property1$1,167,302Market value
Securities Publicly Traded32$577,056Market value
Clothing and Household Goods-$234,619Market value
Other Non Cash Contri Table1,077$144,468Market value
Other Non Cash Contri Table14$84,718Other - Price tag attached or market value
Art Historical Treasures28$64,997Opinions of experts
Other Non Cash Contri Table4$30,426Market value
Food Inventory12$18,369Market value
Other Non Cash Contri Table2$18,000Opinions of experts
Books and Publications-$6,625Other
Total Noncash Contributions1,172$4,707,580-

Audited Revenue Reconciliation

Revenue per Audited Statements
$45,563,974
Revenue Not Reported on Financial Statements
$10,032,113
Revenue Not Reported on Form 990
$4,417,234
Other Revenue Adjustments
$9,688,903
Total Revenue per Audited Statements
$49,981,208
Total Revenue per Form 990
$55,596,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$20,916,118
Salaries, Compensation, and Employee Benefits$4,906,484
Other Expenses$1,766,173
Total Fundraising Expense$857,145
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,536,841--$16,536,841
Other Salaries and Wages$3,794,487$214,148$604,524$4,613,159
Grants to Domestic Individuals$4,379,277--$4,379,277
Other Expenses$1,099,767--$1,099,767
Fees for Service Investment Mgmnt Fees-$343,210-$343,210
Current Officers, Directors, Trustees, and Key Employees$148,050$145,275-$293,325
Travel--$122,769$122,769
Office Expenses--$116,837$116,837
Fees for Services Accounting-$66,544-$66,544
Advertising--$13,015$13,015
Fees for Services Legal-$4,031-$4,031
Total Functional Expenses$25,958,422$773,208$857,145$27,588,775

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,311,615
Total Expenses per Form 990$27,588,775
Expenses per Audited Statements$27,245,565
Expenses Not Reported on Form 990$1,066,050
Expenses Not Reported on Financial Statements$343,210
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Missouri State UniversitySpringfield, MOGovtSupport$16,536,841

International Summary

Offices
0
Employees
0
Spending
$12,388,885

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsInvestments00$12,388,885
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$273,736
Fundraising Gross Income$244,436
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sneaker Soiree$197,322$23,715$15,138$8,577
Agriculture Alumni Auction$78,171$6,004$635$5,369
Total Events$775,979$244,436$273,736$-29,300
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Related Parties$7,271,748
Funds Managed For Missouri State University$6,199,762
ROU Liabilities$801,106
Annuity Obligations$141,163
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The executive committee is composed of 9 trustees of the governing body, which allows for up to 250 trustees. Among the trustees' responsibilities are the election of the executive committee members and amendment of the bylaws. The executive committee has broad authority to act on behalf of the full governing body.

Form 990, Part VI, Line 6 Classes of members or stockholders

The organization allows for up to 250 trustees.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The nominating committee provides a slate of new trustees' names to the full governing body for its approval.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The organization allows for up to 250 trustees. Among the trustees' responsibilities are the election of members of the executive committee and amendment of the bylaws

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. The public disclosure copy of the form 990 will initially be internally reviewed. After this review, the public disclosure copy of the form 990 will be presented to the governing body. This will allow the opportunity for members to ask questions, make comments, or request changes before the filing of the final form 990.

Form 990, Part VI, Line 12C Conflict of interest policy

Annual statements are given to the board of trustees requiring acknowledgement that each trustee has read the conflict of interest policy and agrees to comply with the policy. If, at any time subsequent to the statement, a conflict were to arise, the trustee is then required to notify the chair and executive director in writing. Additionally, the organization sent out a questionnaire provided by the independent accountant to comply with the 990 reporting requirements. When it is proposed that the foundation engage in a business transaction, including acceptance of any gift from a third party, any trustee who has any direct or indirect interest in the transaction must make a full disclosure of such interest to the executive committee of the board of trustees and will refrain from all deliberations or votes taken in regard to such transaction.

Form 990, Part VI, Line 19 Required documents available to the public

The articles of incorporation, bylaws, and conflict of interest policy are available upon request on site, by mail, by fax, or by e-mail. The financial statements are published in the audited financial report, which is available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Missouri State University Foundation
EIN
43-1234200
Phone
4178365632
Address
901 S NATIONAL, SPRINGFIELD, MO 65897

Signing Officer

Name
Cynthia Schull
Title
Treasurer
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1981
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
77
Volunteers
250

Preparer

Firm
Forvis Mazars LLP
Address
910 E St Louis 200 PO Box 1190, Springfield, MO 65806-2523
Preparer
Brian Todd
Phone
4178658701
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A PT VII, SECTION A; & PT IX, LINES 5 & 7

Common paymaster arrangement and salaries: a related organization, missouri state university (msu), files all w-2 forms and pays all payroll taxes and benefits on behalf of the foundation. The amount reported on part v, line 2a, is the number of w-2 forms filed for those who work primarily for the foundation. The amounts listed in column d of part vii, section a, were paid through msu and are for the executive director, who is estimated to work approximately 60% for the foundation; the treasurer, who is estimated to work approximately 20% for the foundation; and, the secretary, who is estimated to work approximately 35% for the foundation. Other salaries and wages on part ix, line 7, is the amount of salaries allocated for duties performed for the organization as contributed personnel services, reduced by the amount reported on part ix, line 5, for the executive director, treasurer and secretary.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Pledge Discount - -10608993;

Financial Statement Notes

Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS:

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds provide scholarship support, provide critical program support, fund ongoing maintenance and equipment needs, bring in guest artists and lecturers, and fund faculty growth and development.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Rental Expenses - -646354 Special Events - -273736 Pledge Discount - 10608993

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Rental Expenses - 646354 Special Events - 273736

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IRS990/ProgSrvcAccomActy2Grp/Desc0MISSOURI STATE UNIVERSITY FOUNDATION ALSO PROVIDES SCHOLARSHIPS TO INDIVIDUALS. DURING THE YEAR, 2,028 INDIVIDUALS RECEIVED SCHOLARSHIPS FROM THE FOUNDATION.
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