Civic Intelligence

Minot State University Development Foundation

990 • Fiscal year 2023 • EIN 45-0344784

Jul 01, 2022 to Jun 30, 2023 • Filed on May 01, 2024

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

41st percentile

0.18x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

1.97x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

89th percentile

39%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$332,647

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

60th percentile

9.1%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-55%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$57,770,697

Up $4,830,523 (+9.1%) from 2022

Net Assets

Up

$47,315,986

Up $4,501,900 (+11%) from 2022

Liabilities

Up

$10,454,711

Up $328,623 (+3.2%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin89th percentile

Revenue

Down

$5,304,845

Down $6,359,149 (-55%) from 2022

Expenses

Up

$3,230,752

Up $423,863 (+15%) from 2022

Net Income

Down

$2,074,093

Down $6,783,012 (-77%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2023

Assets$57,770,697
Liabilities$10,454,711
Net Assets$47,315,986
Open 2023 Filing

Operations Trend

Revenue Growth5th 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

2023

Revenue$5,304,845
Expenses$3,230,752
Net Income$2,074,093
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 1, 2024
Return Version
2022v5.0
Gross Receipts
$6,757,119
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$36,684,763$39,808,734▲ $3,123,971
Land, Buildings, and Equipment, Net$13,789,943$14,043,846▲ $253,903
Pledges and Grants Receivable$1,088,484$1,674,847▲ $586,363
Cash and Non-Interest-Bearing Accounts-$634,929-
Prepaid Expenses and Deferred Charges$11,184$14,636▲ $3,452
Accounts Receivable$11,673$9,463▼ $2,210
Total Assets$52,940,174$57,770,697▲ $4,830,523
Other Assets Total$1,354,127$1,584,242▲ $230,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,817,937$5,432,509▼ $385,428
Other Liabilities$3,796,294$4,797,540▲ $1,001,246
Accounts Payable and Accrued Expenses$511,857$224,662▼ $287,195
Total Liabilities$10,126,088$10,454,711▲ $328,623
Net Assets / Fund Balance
Net Assets With Donor Restrictions$34,975,136$36,542,415▲ $1,567,279
Net Assets Without Donor Restrictions$7,838,950$10,773,571▲ $2,934,621
Total Net Assets Fund Balance$42,814,086$47,315,986▲ $4,501,900
Total Liabilities and Net Assets / Fund Balance$52,940,174$57,770,697▲ $4,830,523

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,571,450$2,812,983-
Other Land Buildings$800,000--
Land$1,636,761--
Equipment$35,635$120,279-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
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
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleOtherTotal
Brent WinigerTreasurer (ex-officio)$138,319$138,319

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)
Rick HedbergExecutive Director (ex-off
Revenue and Support

Revenue Composition

Contributions and Grants
$3,795,767
Program Service Revenue
$0
Investment Income
$868,055
Other Revenue
$641,023
All Other Contributions
$3,577,475
Change in Net Assets
$2,074,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,430,683
Revenue Not Reported on Financial Statements
$-1,125,838
Revenue Not Reported on Form 990
$2,518,521
Other Revenue Adjustments
$-1,125,838
Total Revenue per Audited Statements
$8,949,204
Total Revenue per Form 990
$5,304,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,010,578
Other Expenses$709,485
Salaries, Compensation, and Employee Benefits$510,689
Total Fundraising Expense$411,251
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,010,578--$2,010,578
Other Salaries and Wages$86,386$135,507$288,796$510,689
Fees for Services Management$161,133--$161,133
All Other Expenses$38,258$15,476$31,837$85,571
Occupancy$57,868$5,242$5,242$68,352
Travel$38,292$12,764$12,764$63,820
Fees for Services Accounting$27,394$9,760$9,760$46,914
Other Expenses$25,773$8,591$8,591$42,955
Conferences and Meetings$21,367$8,524$8,524$38,415
Advertising-$3,313$3,313$6,626
Insurance-$1,316$1,316$2,632
Total Functional Expenses$2,578,522$240,979$411,251$3,230,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,230,361
Total Expenses per Form 990$3,230,752
Expenses per Audited Statements$3,069,619
Expenses Not Reported on Form 990$1,160,742
Expenses Not Reported on Financial Statements$161,133
Other Expense Adjustments$161,133
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minot State UniversityMinot, ND501(c)(3)Provide Scholarship Funds to Minot State University Students$2,010,578
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$3,212,453
Due to Minot State University$929,350
Annuities Payable$438,794
Due to Beaver Boosters$216,943
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
2024-05-01
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 & Associates Pc
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:

“Investment management fees netted with investment income -161,133. Beaver boosters income reported with development foundation 251,847.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Rental expenses netted with rental income on page 1 line 11 -1,125,838.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted with rental income on page 1 line 11 1,125,838. Beaver boosters expenses reported with development foundation 34,904.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees netted with investment income 161,133.”

Raw XML AppendixShowing 400 of 661 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/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
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IRS990/Form990TFiledInd01
IRS990/FormationYr01943
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IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-326436
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0218292
IRS990/GrantAmt02010578
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02010578
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02010578
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06757119
IRS990/GrossRentsGrp/RealAmt01074070
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt01316
IRS990/InsuranceGrp/ManagementAndGeneralAmt01316
IRS990/InsuranceGrp/TotalAmt02632
IRS990/InvestmentIncomeGrp/ExclusionAmt01194491
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01194491
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt039808734
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt013789943
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014043846
IRS990/LandBldgEquipCostOrOtherBssAmt016977108
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0326436
IRS990/LessRentalExpensesGrp/RealAmt01125838
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/BOYAmt05817937
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05432509
IRS990/NetAssetsOrFundBalancesBOYAmt042814086
IRS990/NetAssetsOrFundBalancesEOYAmt047315986
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-326436
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-326436
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-77149
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-51768
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt025381
IRS990/NetUnrelatedBusTxblIncmAmt024380
IRS990/NetUnrlzdGainsLossesInvstAmt02235842
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07838950
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010773571
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05242
IRS990/OccupancyGrp/ManagementAndGeneralAmt05242
IRS990/OccupancyGrp/ProgramServicesAmt057868
IRS990/OccupancyGrp/TotalAmt068352
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01354127
IRS990/OtherAssetsTotalGrp/EOYAmt01584242
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSES, PERMITS, AND
IRS990/OtherExpensesGrp/Desc1POSTAGE AND DELIVERY
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt021950
IRS990/OtherExpensesGrp/FundraisingAmt19823
IRS990/OtherExpensesGrp/FundraisingAmt29335
IRS990/OtherExpensesGrp/FundraisingAmt38591
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021328
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19823
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29335
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt38591
IRS990/OtherExpensesGrp/ProgramServicesAmt057028
IRS990/OtherExpensesGrp/ProgramServicesAmt129469
IRS990/OtherExpensesGrp/ProgramServicesAmt224976
IRS990/OtherExpensesGrp/ProgramServicesAmt325773
IRS990/OtherExpensesGrp/TotalAmt0100306
IRS990/OtherExpensesGrp/TotalAmt149115
IRS990/OtherExpensesGrp/TotalAmt243646
IRS990/OtherExpensesGrp/TotalAmt342955
IRS990/OtherLiabilitiesGrp/BOYAmt03796294
IRS990/OtherLiabilitiesGrp/EOYAmt04797540
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1711210
IRS990/OtherRevenueMiscGrp/Desc0TRANSFER OF AGENCY FUNDS FOR SPEN
IRS990/OtherRevenueMiscGrp/Desc1MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt075214
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt147041
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt075214
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt147041
IRS990/OtherRevenueTotalAmt0122255
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0288796
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0135507
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086386
IRS990/OtherSalariesAndWagesGrp/TotalAmt0510689
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01088484
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01674847
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011184
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014636
IRS990/PrincipalOfficerNm0RICK HEDBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08839973
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01684868
IRS990/PYInvestmentIncomeAmt02592823
IRS990/PYOtherExpensesAmt0605637
IRS990/PYOtherRevenueAmt0231198
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08857105
IRS990/PYSalariesCompEmpBnftPaidAmt0516384
IRS990/PYTotalExpensesAmt02806889
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011663994
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02074093
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-51768
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0570536
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0570536
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/SupportAmt02010578
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MINOT STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02010578
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/BoardDesignatedBalanceEOYPct00.04040
IRS990ScheduleD/BuildingsGrp/BookValueAmt011571450
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02812983
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt014384433
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt033608116
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02707523
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt036582154
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03132386
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02865871
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt035107631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt04481285
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt033608116
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3294916
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02685884
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt029525716
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01446199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt035107631
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06403765
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02268049
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt028214982
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01490651
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt029525716
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01277764

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,770,697
Liabilities
$10,454,711
Net assets
$47,315,986
Revenue
$5,304,845
Expenses
$3,230,752
Net income
$2,074,093
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