Civic Intelligence

Minot State University Development Foundation

990 • Fiscal year 2025 • EIN 45-0344784

Jul 01, 2024 to Jun 30, 2025

Organization ProfileN/A
500 University Ave WMinot, ND 58707

(701) 858-3368

Siviq Scores

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

Liabilities / Assets

45th percentile

0.16x

Higher debt load relative to assets than 45% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

1.86x

Higher debt load relative to revenue than 87% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

81st percentile

31%

Higher net margin than 81% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

29th percentile

$225,581

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

49th percentile

6.0%

Faster asset growth than 49% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

30th percentile

0.1%

Faster revenue growth than 30% of similar nonprofits.

2025 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$65,369,602

Up $3,685,694 (+6.0%) from 2024

Net Assets

Up

$54,799,900

Up $3,612,717 (+7.1%) from 2024

Liabilities

Up

$10,569,702

Up $72,977 (+0.7%) from 2024

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin81st percentile

Revenue

Up

$5,674,572

Up $6,508 (+0.1%) from 2024

Expenses

Down

$3,933,098

Down $1,735,121 (-31%) from 2024

Net Income

Up

$1,741,474

Up $1,741,629 (+1123632%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$80M$60M$40M$20M$0Assets 2011: $13,964,553Liabilities 2011: $222,361Net Assets 2011: $13,742,1922011Assets 2012: $17,461,769Liabilities 2012: $4,349,514Net Assets 2012: $13,112,2552012Assets 2013: $18,115,405Liabilities 2013: $3,765,787Net Assets 2013: $14,349,6182013Assets 2014: $24,326,635Liabilities 2014: $4,258,737Net Assets 2014: $20,067,8982014Assets 2015: $25,125,218Liabilities 2015: $3,581,980Net Assets 2015: $21,543,2382015Assets 2016: $28,783,696Liabilities 2016: $6,681,803Net Assets 2016: $22,101,8932016Assets 2017: $30,970,392Liabilities 2017: $5,925,058Net Assets 2017: $25,045,3342017Assets 2018: $34,124,884Liabilities 2018: $5,825,560Net Assets 2018: $28,299,3242018Assets 2019: $37,010,968Liabilities 2019: $6,580,879Net Assets 2019: $30,430,0892019Assets 2020: $37,175,761Liabilities 2020: $6,026,385Net Assets 2020: $31,149,3762020Assets 2021: $52,044,466Liabilities 2021: $10,665,621Net Assets 2021: $41,378,8452021Assets 2022: $52,940,174Liabilities 2022: $10,126,088Net Assets 2022: $42,814,0862022Assets 2023: $57,770,697Liabilities 2023: $10,454,711Net Assets 2023: $47,315,9862023Assets 2024: $61,683,908Liabilities 2024: $10,496,725Net Assets 2024: $51,187,1832024Assets 2025: $65,369,602Liabilities 2025: $10,569,702Net Assets 2025: $54,799,9002025

Highlighted filing

2025

Assets$65,369,602
Liabilities$10,569,702
Net Assets$54,799,900
Open 2025 Filing

Operations Trend

Revenue Growth30th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,054,843Expenses 2011: $508,779Net Income 2011: $1,546,0642011Expenses 2012: $1,097,6402012Expenses 2013: $1,209,2382013Revenue 2014: $5,762,806Expenses 2014: $1,142,813Net Income 2014: $4,619,9932014Revenue 2015: $3,302,809Expenses 2015: $1,471,265Net Income 2015: $1,831,5442015Revenue 2016: $5,710,206Expenses 2016: $1,224,868Net Income 2016: $4,485,3382016Revenue 2017: $4,123,166Expenses 2017: $1,517,175Net Income 2017: $2,605,9912017Revenue 2018: $5,982,199Expenses 2018: $2,976,193Net Income 2018: $3,006,0062018Revenue 2019: $3,875,157Expenses 2019: $2,454,641Net Income 2019: $1,420,5162019Revenue 2020: $3,378,893Expenses 2020: $2,545,458Net Income 2020: $833,4352020Revenue 2021: $7,678,265Expenses 2021: $2,368,146Net Income 2021: $5,310,1192021Revenue 2022: $11,663,994Expenses 2022: $2,806,889Net Income 2022: $8,857,1052022Revenue 2023: $5,304,845Expenses 2023: $3,230,752Net Income 2023: $2,074,0932023Revenue 2024: $5,668,064Expenses 2024: $5,668,219Net Income 2024: -$1552024Revenue 2025: $5,674,572Expenses 2025: $3,933,098Net Income 2025: $1,741,4742025

Highlighted filing

2025

Revenue$5,674,572
Expenses$3,933,098
Net Income$1,741,474
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 16, 2026
Return Version
2024v5.5
Gross Receipts
$6,976,448
Mission and Program Overview

Mission

To establish, promote and stimulate voluntary financial support for the benefit of minot state university, especially in building of endowment and in addressing the long-term priorities of the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$45,165,667$50,133,677▲ $4,968,010
Land, Buildings, and Equipment, Net$11,235,964$11,317,440▲ $81,476
Pledges and Grants Receivable$1,699,618$1,463,951▼ $235,667
Cash and Non-Interest-Bearing Accounts$2,136,658$627,224▼ $1,509,434
Other Notes and Loans Receivable, Net-$452,724-
Prepaid Expenses and Deferred Charges$16,953$47,184▲ $30,231
Accounts Receivable$13,475$14,751▲ $1,276
Total Assets$61,683,908$65,369,602▲ $3,685,694
Other Assets Total$1,415,573$1,312,651▼ $102,922
Liabilities
Other Liabilities$5,369,504$5,636,847▲ $267,343
Mortgage Notes Payable Secured by Investment Property$5,080,336$4,729,407▼ $350,929
Accounts Payable and Accrued Expenses$46,885$203,448▲ $156,563
Total Liabilities$10,496,725$10,569,702▲ $72,977
Net Assets / Fund Balance
Net Assets With Donor Restrictions$42,124,761$45,624,409▲ $3,499,648
Net Assets Without Donor Restrictions$9,062,422$9,175,491▲ $113,069
Total Net Assets Fund Balance$51,187,183$54,799,900▲ $3,612,717
Total Liabilities and Net Assets / Fund Balance$61,683,908$65,369,602▲ $3,685,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,674,181$3,648,168-
Land$1,636,761--
Equipment$6,498$121,034-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$41,738,593$2,102,651▲ $4,133,898$3,982,775$43,992,367
2023$36,582,154$3,243,372▲ $4,743,265$2,830,198$41,738,593
2022$33,608,116$2,707,523▲ $3,132,386$2,865,871$36,582,154
2021$35,107,631$4,481,285▼ $3,294,916$2,685,884$33,608,116
2020$29,525,716$1,446,199▲ $6,403,765$2,268,049$35,107,631
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
Jon BackesPresident
Dan LangemoVice President
Bob SandoDirector
David GowanDirector
Jarid LundeenDirector
Karen KrebsbachDirector
Kathy AasDirector
Kent KirkhammerDirector
Leslie CoughlinDirector
Myron ThompsonDirector
Tom ProbstDirector
Rick HedbergExecutive Director (ex-off
Revenue and Support

Revenue Composition

Contributions and Grants
$2,425,446
Program Service Revenue
$0
Investment Income
$2,865,928
Other Revenue
$383,198
All Other Contributions
$2,388,028
Change in Net Assets
$1,741,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,056,720
Revenue Not Reported on Financial Statements
$617,852
Revenue Not Reported on Form 990
$3,818,549
Total Revenue per Audited Statements
$8,875,269
Total Revenue per Form 990
$5,674,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,247,133
Salaries, Compensation, and Employee Benefits$933,331
Other Expenses$752,634
Total Fundraising Expense$560,536
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,247,133--$2,247,133
Other Salaries and Wages$108,466$434,931$389,934$933,331
All Other Expenses$78,807$24,268$45,597$148,672
Occupancy$74,163$5,492$5,492$85,147
Conferences and Meetings$41,016$13,673$13,672$68,361
Travel$36,264$12,088$12,088$60,440
Advertising$31,430$10,476$10,477$52,383
Other Expenses$26,432$8,811$8,811$44,054
Fees for Services Accounting$2,789$20,158$20,158$43,105
Insurance$4,507$1,502$1,502$7,511
Total Functional Expenses$2,788,358$584,204$560,536$3,933,098

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,234,974
Expenses per Audited Statements$3,933,098
Total Expenses per Form 990$3,933,098
Expenses Not Reported on Form 990$1,301,876
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minot State UniversityMinot, ND501(c)(3)Provide Scholarship Funds to Minot State University Students$2,247,133
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investments Held for Minot State University$4,159,935
Due to Minot State University$735,665
Annuities Payable$498,173
Due to Beaver Boosters$243,074
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
No
Management duties delegated
No

Governance Explanations

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

“The board of directors reviews the 990 prior to its filing.”

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

“Board members monitor compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Minot State University Development
EIN
45-0344784
Phone
7018583368
Address
500 UNIVERSITY AVE W, MINOT, ND 58707

Signing Officer

Name
Rick Hedberg
Title
Executive Director
Phone
7018583368
Signed
2026-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Hedberg
Formed
1943
Legal Domicile
Nd
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
17

Preparer

Firm
Brady Martz Pllc
Address
PO BOX 848, MINOT, ND 58702-0848
Preparer
Tory J Hill CPA
Phone
7018520196
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The foundation's process for selecting an independent accountant has not changed from prior years.”

Financial Statement Notes

PART V, LINE 4:

“PAYMENT OF SCHOLARSHIPS.”

PART X, LINE 2:

“The foundation's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue ruling, court decisions and other evidence. It is the opinion of management that the foundation has no significant uncertain tax positions that would be subject to change upon examination. The federal income tax returns of the foundation are subject to examination by the irs, generally for three years after they were filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Beaver boosters income reported with development foundation 27,578. Rental expenses netted with rental income on page 1 line 11 1,301,876.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted with rental income on page 1 line 11 1,301,876.”

Raw XML AppendixShowing 400 of 622 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt046885
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0203448
IRS990/AccountsReceivableGrp/BOYAmt013475
IRS990/AccountsReceivableGrp/EOYAmt014751
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY.
IRS990/AdvertisingGrp/FundraisingAmt010477
IRS990/AdvertisingGrp/ManagementAndGeneralAmt010476
IRS990/AdvertisingGrp/ProgramServicesAmt031430
IRS990/AdvertisingGrp/TotalAmt052383
IRS990/AllOtherContributionsAmt02388028
IRS990/AllOtherExpensesGrp/FundraisingAmt045597
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt024268
IRS990/AllOtherExpensesGrp/ProgramServicesAmt078807
IRS990/AllOtherExpensesGrp/TotalAmt0148672
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRADY MARTZ
IRS990/BooksInCareOfDetail/PhoneNum07018520196
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt024 WEST CENTRAL AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINOT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058702
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02136658
IRS990/CashNonInterestBearingGrp/EOYAmt0627224
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/FundraisingAmt013672
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt013673
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt041016
IRS990/ConferencesMeetingsGrp/TotalAmt068361
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02425446
IRS990/CYGrantsAndSimilarPaidAmt02247133
IRS990/CYInvestmentIncomeAmt02865928
IRS990/CYOtherExpensesAmt0752634
IRS990/CYOtherRevenueAmt0383198
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01741474
IRS990/CYSalariesCompEmpBnftPaidAmt0933331
IRS990/CYTotalExpensesAmt03933098
IRS990/CYTotalFundraisingExpenseAmt0560536
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05674572
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDE SCHOLARSHIPS TO STUDENTS BASED ON CRITERIA AND SUPPORT THE UNIVERSITY THROUGH FUNDRAISING AND FUNDING OF VARIOUS CAMPUS PROJECTS AND UNIVERSITY ACTIVITIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt0222649
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt042124761
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt045624409
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02788358
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt020158
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020158
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02789
IRS990/FeesForServicesAccountingGrp/TotalAmt043105
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1143779
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHY AAS
IRS990/Form990PartVIISectionAGrp/PersonNm1JON BACKES
IRS990/Form990PartVIISectionAGrp/PersonNm2LESLIE COUGHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID GOWAN
IRS990/Form990PartVIISectionAGrp/PersonNm4KENT KIRKHAMMER
IRS990/Form990PartVIISectionAGrp/PersonNm5KAREN KREBSBACH
IRS990/Form990PartVIISectionAGrp/PersonNm6DAN LANGEMO
IRS990/Form990PartVIISectionAGrp/PersonNm7JARID LUNDEEN
IRS990/Form990PartVIISectionAGrp/PersonNm8TOM PROBST
IRS990/Form990PartVIISectionAGrp/PersonNm9BOB SANDO
IRS990/Form990PartVIISectionAGrp/PersonNm10MYRON THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm11RICK HEDBERG
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/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/ReportableCompFromRltdOrgAmt11181802
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR (EX-OFF
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01943
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01027634
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt037418
IRS990/GrantAmt02247133
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02247133
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02247133
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01027634
IRS990/GrossReceiptsAmt06976448
IRS990/GrossRentsGrp/RealAmt01318679
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01502
IRS990/InsuranceGrp/ManagementAndGeneralAmt01502
IRS990/InsuranceGrp/ProgramServicesAmt04507
IRS990/InsuranceGrp/TotalAmt07511
IRS990/InvestmentExpenseAmt0-617852
IRS990/InvestmentIncomeGrp/ExclusionAmt01838294
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01838294
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt045165667
IRS990/InvestmentsPubTradedSecGrp/EOYAmt050133677
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03769202
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011235964
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011317440
IRS990/LandBldgEquipCostOrOtherBssAmt015086642
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt01301876
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05080336
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04729407
IRS990/NetAssetsOrFundBalancesBOYAmt051187183
IRS990/NetAssetsOrFundBalancesEOYAmt054799900
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01027634
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01027634
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt016803
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt016803
IRS990/NetUnrelatedBusTxblIncmAmt016902
IRS990/NetUnrlzdGainsLossesInvstAmt02266446
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09062422
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09175491
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05492
IRS990/OccupancyGrp/ManagementAndGeneralAmt05492
IRS990/OccupancyGrp/ProgramServicesAmt074163
IRS990/OccupancyGrp/TotalAmt085147
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01415573
IRS990/OtherAssetsTotalGrp/EOYAmt01312651
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSES, PERMITS, AND
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2POSTAGE AND DELIVERY
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt022137
IRS990/OtherExpensesGrp/FundraisingAmt118829
IRS990/OtherExpensesGrp/FundraisingAmt211839
IRS990/OtherExpensesGrp/FundraisingAmt38811
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022137
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118829
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt211839
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38811
IRS990/OtherExpensesGrp/ProgramServicesAmt066411
IRS990/OtherExpensesGrp/ProgramServicesAmt135422
IRS990/OtherExpensesGrp/ProgramServicesAmt235518
IRS990/OtherExpensesGrp/ProgramServicesAmt326432
IRS990/OtherExpensesGrp/TotalAmt0110685
IRS990/OtherExpensesGrp/TotalAmt173080
IRS990/OtherExpensesGrp/TotalAmt259196
IRS990/OtherExpensesGrp/TotalAmt344054
IRS990/OtherLiabilitiesGrp/BOYAmt05369504
IRS990/OtherLiabilitiesGrp/EOYAmt05636847
IRS990/OtherRevenueMiscGrp/BusinessCd0711210
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/Desc1LESS INCOME REPORTED ON MSU BEAVE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0160347
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-27578
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0160347
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-27578
IRS990/OtherRevenueTotalAmt0132769
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0389934
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0434931
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0108466
IRS990/OtherSalariesAndWagesGrp/TotalAmt0933331
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0452724
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01699618
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01463951
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016953
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047184
IRS990/PrincipalOfficerNm0RICK HEDBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04182449
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt04509850
IRS990/PYInvestmentIncomeAmt01400442
IRS990/PYOtherExpensesAmt0574028
IRS990/PYOtherRevenueAmt085173
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-155
IRS990/PYSalariesCompEmpBnftPaidAmt0584341
IRS990/PYTotalExpensesAmt05668219
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05668064
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01741474
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt016803
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0233626
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0233626
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0456002481
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02247133
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MINOT STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02247133
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.03985
IRS990ScheduleD/BuildingsGrp/BookValueAmt09674181
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03648168
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt013322349
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt041738593
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02102651
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt043992367
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04133898
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt03982775
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt036582154
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03243372
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt041738593
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04743265
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02830198
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt033608116
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02707523
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt036582154
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03132386
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02865871
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt035107631
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt04481285
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt033608116
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3294916
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02685884
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt029525716
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01446199
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt035107631
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06403765
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02268049
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0222649
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt06498
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0121034
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0127532
IRS990ScheduleD/ExpensesNotReportedAmt01301876

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,369,602
Liabilities
$10,569,702
Net assets
$54,799,900
Revenue
$5,674,572
Expenses
$3,933,098
Net income
$1,741,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$65.4$10.6$54.8$5.67$3.93$1.74
2024Detailed filing. Detailed filing data is available for this year.$61.7$10.5$51.2$5.67$5.67$0.00
2023Detailed filing. Detailed filing data is available for this year.$57.8$10.5$47.3$5.30$3.23$2.07
2022Detailed filing. Detailed filing data is available for this year.$52.9$10.1$42.8$11.7$2.81$8.86
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.0$10.7$41.4$7.68$2.37$5.31
2020Detailed filing. Detailed filing data is available for this year.$37.2$6.03$31.1$3.38$2.55$0.83
2019Detailed filing. Detailed filing data is available for this year.$37.0$6.58$30.4$3.88$2.45$1.42
2018Detailed filing. Detailed filing data is available for this year.$34.1$5.83$28.3$5.98$2.98$3.01
2017Detailed filing. Detailed filing data is available for this year.$31.0$5.93$25.0$4.12$1.52$2.61
2016Detailed filing. Detailed filing data is available for this year.$28.8$6.68$22.1$5.71$1.22$4.49
2015Detailed filing. Detailed filing data is available for this year.$25.1$3.58$21.5$3.30$1.47$1.83
2014Detailed filing. Detailed filing data is available for this year.$24.3$4.26$20.1$5.76$1.14$4.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$3.77$14.3$1.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$4.35$13.1$1.10
2011Summary only. Only limited summary data is available for this year.$14.0$0.22$13.7$2.05$0.51$1.55