Civic Intelligence

Minot State University Development Foundation

990 • Fiscal year 2022 • EIN 45-0344784

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 25, 2023

Organization ProfileN/A
500 University Ave WMinot, ND 58701

(701) 858-3368

Siviq Scores

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

Liabilities / Assets

44th percentile

0.19x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.87x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

43rd percentile

$310,861

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

58th percentile

1.7%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

52%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$52,940,174

Up $895,708 (+1.7%) from 2021

Net Assets

Up

$42,814,086

Up $1,435,241 (+3.5%) from 2021

Liabilities

Down

$10,126,088

Down $539,533 (-5.1%) from 2021

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin96th percentile

Revenue

Up

$11,663,994

Up $3,985,729 (+52%) from 2021

Expenses

Up

$2,806,889

Up $438,743 (+19%) from 2021

Net Income

Up

$8,857,105

Up $3,546,986 (+67%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th 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: $51,187,1832024

Highlighted filing

2022

Assets$52,940,174
Liabilities$10,126,088
Net Assets$42,814,086
Open 2022 Filing

Operations Trend

Revenue Growth88th 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: -$1552024

Highlighted filing

2022

Revenue$11,663,994
Expenses$2,806,889
Net Income$8,857,105
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 25, 2023
Return Version
2021v4.2
Gross Receipts
$12,670,126
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$38,938,557$36,684,763▼ $2,253,794
Land, Buildings, and Equipment, Net$11,839,831$13,789,943▲ $1,950,112
Pledges and Grants Receivable$945,908$1,088,484▲ $142,576
Cash and Non-Interest-Bearing Accounts$238,833$0▼ $238,833
Accounts Receivable$10,148$11,673▲ $1,525
Prepaid Expenses and Deferred Charges$10,192$11,184▲ $992
Total Assets$52,044,466$52,940,174▲ $895,708
Other Assets Total$60,997$1,354,127▲ $1,293,130
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,104,234$5,817,937▼ $286,297
Other Liabilities$4,529,856$3,796,294▼ $733,562
Accounts Payable and Accrued Expenses$31,531$511,857▲ $480,326
Total Liabilities$10,665,621$10,126,088▼ $539,533
Net Assets / Fund Balance
Net Assets With Donor Restrictions$36,617,660$34,975,136▼ $1,642,524
Net Assets Without Donor Restrictions$4,761,185$7,838,950▲ $3,077,765
Total Net Assets Fund Balance$41,378,845$42,814,086▲ $1,435,241
Total Liabilities and Net Assets / Fund Balance$52,044,466$52,940,174▲ $895,708

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,353,182$2,341,084-
Other Land Buildings$800,000--
Land$1,636,761--
Equipment$0$119,410-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2019$28,214,982$1,490,651▲ $1,277,764$1,457,681$29,525,716
2018$26,550,838$1,328,293▲ $1,735,345$1,399,494$28,214,982
2017$22,614,917$3,614,940▲ $1,845,692$1,524,711$26,550,838
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Rick HedbergExecutive Director (ex-offPT$149,766$149,766
Brent WinigerTreasurer (ex-officio)-$124,021$124,021

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
Dr Steve ShirleyDirector (ex-officio)
Revenue and Support

Revenue Composition

Contributions and Grants
$8,839,973
Program Service Revenue
$0
Investment Income
$2,592,823
Other Revenue
$231,198
All Other Contributions
$8,127,509
Change in Net Assets
$8,857,105

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$1,312,651Mineral Appraisal
Real Estate Residential1$800,000Appraisal
Total Noncash Contributions2$2,112,651-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,670,126
Revenue Not Reported on Financial Statements
$-1,006,132
Revenue Not Reported on Form 990
$-7,585,556
Other Revenue Adjustments
$-1,006,132
Total Revenue per Audited Statements
$5,084,570
Total Revenue per Form 990
$11,663,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,684,868
Other Expenses$605,637
Salaries, Compensation, and Employee Benefits$516,384
Total Fundraising Expense$415,877
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,684,868--$1,684,868
Other Salaries and Wages$71,374$123,006$322,004$516,384
Fees for Service Investment Mgmnt Fees$163,692--$163,692
All Other Expenses$47,921$15,973$23,342$87,236
Travel$35,181$11,727$11,727$58,635
Fees for Services Accounting$35,860$11,122$11,122$58,104
Other Expenses$21,762$7,254$7,254$36,270
Conferences and Meetings$19,322$6,441$6,441$32,204
Occupancy$10,970$4,574$4,574$20,118
Advertising$5,365$1,999$1,999$9,363
Insurance$125$1,786$1,786$3,697
Total Functional Expenses$2,181,502$209,510$415,877$2,806,889

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,649,329
Total Expenses per Form 990$2,806,889
Expenses per Audited Statements$2,643,197
Expenses Not Reported on Form 990$1,006,132
Expenses Not Reported on Financial Statements$163,692
Other Expense Adjustments$163,692
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minot State UniversityMinot, ND501(c)(3)Provide Scholarship Funds to Minot State University Students$1,684,868
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$3,203,925
Annuities Payable$413,978
Due to Minot State University$151,098
Advances in Excess of Deposits$27,293
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 58701

Signing Officer

Name
Rick Hedberg
Title
Executive Director
Phone
7018583368
Signed
2023-01-25
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
12
Volunteers
17

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 848, MINOT, ND 58702-0848
Preparer
Angela K Zerr 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:

“Investment management fees netted with investment income -163,692.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses netted with rental income on page 1 line 11 -1,006,132.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted with rental income on page 1 line 11 1,006,132.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees netted with investment income 163,692.”

Raw XML AppendixShowing 400 of 652 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER (EX-OFFICIO)
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR (EX-OFF
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01943
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01246927
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0712464
IRS990/GrantAmt01684868
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01684868
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01684868
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01246927
IRS990/GrossReceiptsAmt012670126
IRS990/GrossRentsGrp/RealAmt01025817
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01786
IRS990/InsuranceGrp/ManagementAndGeneralAmt01786
IRS990/InsuranceGrp/ProgramServicesAmt0125
IRS990/InsuranceGrp/TotalAmt03697
IRS990/InvestmentIncomeGrp/ExclusionAmt01345896
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01345896
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt038938557
IRS990/InvestmentsPubTradedSecGrp/EOYAmt036684763
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02460494
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011839831
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013789943
IRS990/LandBldgEquipCostOrOtherBssAmt016250437
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt01006132
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/BOYAmt06104234
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05817937
IRS990/NetAssetsOrFundBalancesBOYAmt041378845
IRS990/NetAssetsOrFundBalancesEOYAmt042814086
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01246927
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01246927
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-30048
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt019685
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt049733
IRS990/NetUnrelatedBusTxblIncmAmt048732
IRS990/NetUnrlzdGainsLossesInvstAmt0-7421864
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04761185
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07838950
IRS990/NoncashContributionsAmt02112651
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04574
IRS990/OccupancyGrp/ManagementAndGeneralAmt04574
IRS990/OccupancyGrp/ProgramServicesAmt010970
IRS990/OccupancyGrp/TotalAmt020118
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt060997
IRS990/OtherAssetsTotalGrp/EOYAmt01354127
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSES, PERMITS, AND
IRS990/OtherExpensesGrp/Desc1POSTAGE AND DELIVERY
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3PLAQUES AND TROPHIES
IRS990/OtherExpensesGrp/FundraisingAmt012550
IRS990/OtherExpensesGrp/FundraisingAmt18453
IRS990/OtherExpensesGrp/FundraisingAmt24625
IRS990/OtherExpensesGrp/FundraisingAmt37254
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012550
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18453
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24625
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt37254
IRS990/OtherExpensesGrp/ProgramServicesAmt032090
IRS990/OtherExpensesGrp/ProgramServicesAmt125356
IRS990/OtherExpensesGrp/ProgramServicesAmt227616
IRS990/OtherExpensesGrp/ProgramServicesAmt321762
IRS990/OtherExpensesGrp/TotalAmt057190
IRS990/OtherExpensesGrp/TotalAmt142262
IRS990/OtherExpensesGrp/TotalAmt236866
IRS990/OtherExpensesGrp/TotalAmt336270
IRS990/OtherLiabilitiesGrp/BOYAmt04529856
IRS990/OtherLiabilitiesGrp/EOYAmt03796294
IRS990/OtherRevenueMiscGrp/BusinessCd0711210
IRS990/OtherRevenueMiscGrp/Desc0ACTIVITY FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt058766
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt058766
IRS990/OtherRevenueTotalAmt058766
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0322004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0123006
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071374
IRS990/OtherSalariesAndWagesGrp/TotalAmt0516384
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0945908
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01088484
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010192
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011184
IRS990/PrincipalOfficerNm0RICK HEDBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06287516
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01409065
IRS990/PYInvestmentIncomeAmt01385162
IRS990/PYOtherExpensesAmt0454759
IRS990/PYOtherRevenueAmt05587
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05310119
IRS990/PYSalariesCompEmpBnftPaidAmt0504322
IRS990/PYTotalExpensesAmt02368146
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07678265
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt08857105
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt019685
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0152747
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0152747
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/SupportAmt01684868
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MINOT STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01684868
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/BoardDesignatedBalanceEOYPct00.04360
IRS990ScheduleD/BuildingsGrp/BookValueAmt011353182
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02341084
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt013694266
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt035107631
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04481285
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt033608116
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3294916
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02685884
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt029525716
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01446199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt035107631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06403765
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02268049
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt028214982
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01490651
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt029525716
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01277764
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01457681
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt026550838
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01328293
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt028214982

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,940,174
Liabilities
$10,126,088
Net assets
$42,814,086
Revenue
$11,663,994
Expenses
$2,806,889
Net income
$8,857,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
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