Civic Intelligence

Ndscs Foundation

990 • Fiscal year 2023 • EIN 45-0407617

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 22, 2023

Organization Profilewww.ndscsalumni.com
800 6th Street NorthWahpeton, ND 58076

(701) 671-2270

Siviq Scores

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

Liabilities / Assets

29th percentile

0.12x

Higher debt load relative to assets than 29% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

1.77x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

18th percentile

$153,703

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2023 filings • NTEE B • $50M-$100M nonprofits • Source year 2023

Asset Growth

62nd percentile

8.6%

Faster asset growth than 62% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-39%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$55,038,880

Up $4,376,657 (+8.6%) from 2022

Net Assets

Up

$48,550,190

Up $1,824,405 (+3.9%) from 2022

Liabilities

Up

$6,488,690

Up $2,552,252 (+65%) from 2022

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin73rd percentile

Revenue

Down

$3,674,220

Down $2,328,830 (-39%) from 2022

Expenses

Up

$3,189,868

Up $828,349 (+35%) from 2022

Net Income

Down

$484,352

Down $3,157,179 (-87%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$100M$50M$0Assets 2011: $11,939,507Liabilities 2011: $2,001,442Net Assets 2011: $9,938,0652011Assets 2012: $12,404,717Liabilities 2012: $1,948,589Net Assets 2012: $10,456,1282012Assets 2013: $12,887,554Liabilities 2013: $1,948,784Net Assets 2013: $10,938,7702013Assets 2014: $14,928,424Liabilities 2014: $1,916,170Net Assets 2014: $13,012,2542014Assets 2015: $15,520,620Liabilities 2015: $2,278,498Net Assets 2015: $13,242,1222015Assets 2016: $17,310,306Liabilities 2016: $2,564,369Net Assets 2016: $14,745,9372016Assets 2017: $18,436,920Liabilities 2017: $2,551,280Net Assets 2017: $15,885,6402017Assets 2018: $19,592,035Liabilities 2018: $2,406,393Net Assets 2018: $17,185,6422018Assets 2019: $28,269,982Liabilities 2019: $2,207,198Net Assets 2019: $26,062,7842019Assets 2020: $28,523,431Liabilities 2020: $2,098,524Net Assets 2020: $26,424,9072020Assets 2021: $52,123,357Liabilities 2021: $3,607,957Net Assets 2021: $48,515,4002021Assets 2022: $50,662,223Liabilities 2022: $3,936,438Net Assets 2022: $46,725,7852022Assets 2023: $55,038,880Liabilities 2023: $6,488,690Net Assets 2023: $48,550,1902023Assets 2024: $65,955,042Liabilities 2024: $8,348,025Net Assets 2024: $57,607,0172024Assets 2025: $80,350,231Liabilities 2025: $10,844,266Net Assets 2025: $69,505,9652025

Highlighted filing

2023

Assets$55,038,880
Liabilities$6,488,690
Net Assets$48,550,190
Open 2023 Filing

Operations Trend

Revenue Growth6th percentile

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

$30M$20M$10M$0Revenue 2011: $1,149,709Expenses 2011: $922,839Net Income 2011: $226,8702011Revenue 2012: $1,578,184Expenses 2012: $991,583Net Income 2012: $586,6012012Revenue 2013: $1,674,933Expenses 2013: $1,444,754Net Income 2013: $230,1792013Revenue 2014: $3,412,531Expenses 2014: $1,299,141Net Income 2014: $2,113,3902014Revenue 2015: $3,154,863Expenses 2015: $2,766,106Net Income 2015: $388,7572015Revenue 2016: $3,176,006Expenses 2016: $1,782,232Net Income 2016: $1,393,7742016Revenue 2017: $2,500,307Expenses 2017: $1,519,660Net Income 2017: $980,6472017Revenue 2018: $2,657,324Expenses 2018: $1,623,232Net Income 2018: $1,034,0922018Revenue 2019: $9,703,077Expenses 2019: $1,451,799Net Income 2019: $8,251,2782019Revenue 2020: $2,584,392Expenses 2020: $1,426,389Net Income 2020: $1,158,0032020Revenue 2021: $20,208,392Expenses 2021: $2,513,530Net Income 2021: $17,694,8622021Revenue 2022: $6,003,050Expenses 2022: $2,361,519Net Income 2022: $3,641,5312022Revenue 2023: $3,674,220Expenses 2023: $3,189,868Net Income 2023: $484,3522023Revenue 2024: $8,834,482Expenses 2024: $2,952,989Net Income 2024: $5,881,4932024Revenue 2025: $23,000,001Expenses 2025: $8,493,883Net Income 2025: $14,506,1182025

Highlighted filing

2023

Revenue$3,674,220
Expenses$3,189,868
Net Income$484,352
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 22, 2023
Return Version
2022v5.0
Gross Receipts
$13,793,047
Mission and Program Overview

Mission

To support and assist those activities that develop and strengthen North Dakota State College of Science.

The North Dakota State College of Science Foundations primary mission is to support the financial needs of the school and students through prudent investing of resources and to ensure that the Foundation honors the requests of donors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,224,076$28,283,321▲ $2,059,245
Land, Buildings, and Equipment, Net$13,384,824$18,239,595▲ $4,854,771
Pledges and Grants Receivable$8,514,622$7,379,828▼ $1,134,794
Cash and Non-Interest-Bearing Accounts$2,435,151$1,062,276▼ $1,372,875
Other Notes and Loans Receivable, Net$97,220$73,858▼ $23,362
Prepaid Expenses and Deferred Charges$6,330$0▼ $6,330
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$50,662,223$55,038,880▲ $4,376,657
Other Assets Total-$2-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,409,759$2,953,283▲ $1,543,524
Accounts Payable and Accrued Expenses$504,641$1,583,088▲ $1,078,447
Deferred Revenue$1,547,500$1,500,000▼ $47,500
Other Liabilities$429,538$452,319▲ $22,781
Unsecured Notes Loans Payable$45,000--
Total Liabilities$3,936,438$6,488,690▲ $2,552,252
Net Assets / Fund Balance
Net Assets With Donor Restrictions$44,749,163$46,403,850▲ $1,654,687
Net Assets Without Donor Restrictions$1,976,622$2,146,340▲ $169,718
Total Net Assets Fund Balance$46,725,785$48,550,190▲ $1,824,405
Total Liabilities and Net Assets / Fund Balance$50,662,223$55,038,880▲ $4,376,657

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,591,302-$10,591,302
Land$6,424,600-$6,424,600
Buildings$1,177,780$531,358$1,709,138
Leasehold Improvements$45,913$142,282$188,195

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$24,155,992$743,329▲ $1,113,124-$24,864,738
2021$22,246,445$2,913,447▲ $107,115-$24,155,992
2020$20,227,752$1,582,422▲ $1,875,240-$22,246,445
2019$19,177,728$1,055,725▲ $623,996$17,895$20,227,752
2018$15,666,149$3,360,845▲ $645,268-$19,177,728
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim NelsonExecutive DirectorFT$120,475$33,228$153,703

Board Members and Trustees

NameTitle
Hugh VeitPresident
Megan KummerVice President
Michelle NelsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Comstock Construction INCGeneral Contractor280 11TH ST S, Wahpeton, ND 58075$4,057,512
Revenue and Support

Revenue Composition

Contributions and Grants
$1,872,105
Program Service Revenue
$383,495
Investment Income
$1,121,809
Other Revenue
$296,811
Change in Net Assets
$484,352

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,755,052
Revenue Not Reported on Financial Statements
$-80,832
Revenue Not Reported on Form 990
$1,570,440
Other Revenue Adjustments
$-187,977
Total Revenue per Audited Statements
$5,325,492
Total Revenue per Form 990
$3,674,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,172,455
Salaries, Compensation, and Employee Benefits$546,220
Other Expenses$471,193
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,172,455--$2,172,455
Other Salaries and Wages$5,500$253,911-$259,411
Current Officers, Directors, Trustees, and Key Employees-$153,703-$153,703
Other Employee Benefits$389$132,717-$133,106
Fees for Service Investment Mgmnt Fees-$107,145-$107,145
All Other Expenses$19,853$31,705-$51,558
Conferences and Meetings$27,009$13,073-$40,082
Other Expenses$25,600$3,844-$29,444
Fees for Services Other$20,521$2,414-$22,935
Office Expenses$187$21,715-$21,902
Insurance$2,511$17,901-$20,412
Advertising$12,383$972-$13,355
Fees for Services Accounting-$11,000-$11,000
Travel$653$8,263-$8,916
Fees for Services Legal-$1,464-$1,464
Total Functional Expenses$2,365,592$824,276$0$3,189,868

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,270,700
Total Expenses per Form 990$3,189,868
Expenses per Audited Statements$3,082,723
Expenses Not Reported on Form 990$187,977
Expenses Not Reported on Financial Statements$107,145
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NdscsWahpeton, ND-Cash grants for scholarships.$2,172,455
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$199,752
Fundraising Direct Expenses$74,419
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
NDSCS Dreams Auction$231,004$199,752$36,761$162,991
Total Events$231,004$199,752$74,419$125,333
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Liabilities Under Charitable Trusts$452,319
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Reviewed and approved at board meeting.”

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

“Officers, board members, and staff are required to report any potential conflicts of interest to the Organization for review and possible remedial action.”

Form 990, Part VI, Section C, Line 19

“Information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Ndscs Foundation
EIN
45-0407617
Phone
7016712270
Address
800 6TH STREET NORTH, WAHPETON, ND 58076

Signing Officer

Name
Kim Nelson
Title
Executive Director
Signed
2023-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Nelson
Formed
1988
Legal Domicile
Nd
Voting Board Members
21
Independent Board Members
0
Employees
0

Preparer

Firm
Nadine Julson LLC
Address
506 DAKOTA AVE, WAHPETON, ND 58075
Preparer
Daniel Julson
Phone
7016428146
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in Split-Interest Agreements = -$76125”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Support the financial needs of the North Dakota State College of Science (NDSCS) and the students of NDSCS.”

Part X : FIN48 Footnote

“The Organization believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Rental Expense $113558 Fundraising Expense $74419”

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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/PrincipalOfficerNm0Kim Nelson
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IRS990/ReconcilationRevenueExpnssAmt0484352
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RentalIncomeOrLossGrp/RealAmt0171478
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01240993
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01692533
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt033889430
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0531358
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0743329
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$55,038,880
Liabilities
$6,488,690
Net assets
$48,550,190
Revenue
$3,674,220
Expenses
$3,189,868
Net income
$484,352
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.4$10.8$69.5$23.0$8.49$14.5
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.0$8.35$57.6$8.83$2.95$5.88
2023Detailed filing. Detailed filing data is available for this year.$55.0$6.49$48.6$3.67$3.19$0.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.7$3.94$46.7$6.00$2.36$3.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$3.61$48.5$20.2$2.51$17.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.5$2.10$26.4$2.58$1.43$1.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$2.21$26.1$9.70$1.45$8.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.6$2.41$17.2$2.66$1.62$1.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$2.55$15.9$2.50$1.52$0.98
2016Summary only. Only limited summary data is available for this year.$17.3$2.56$14.7$3.18$1.78$1.39
2015Summary only. Only limited summary data is available for this year.$15.5$2.28$13.2$3.15$2.77$0.39
2014Summary only. Only limited summary data is available for this year.$14.9$1.92$13.0$3.41$1.30$2.11
2013Summary only. Only limited summary data is available for this year.$12.9$1.95$10.9$1.67$1.44$0.23
2012Summary only. Only limited summary data is available for this year.$12.4$1.95$10.5$1.58$0.99$0.59
2011Summary only. Only limited summary data is available for this year.$11.9$2.00$9.94$1.15$0.92$0.23