Nonprofits›Minot State University Development Foundation

Minot State University Development Foundation

MINOT, ND

View as a funder

Total revenue

$5.7M

Total expenses

$5.7M

Net assets

$51.2M

Grants received

$2.1M

40 grants

EIN

450344784

Tax year

2023

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.

Financials

FY 2023

Revenue

Contributions & grants$4.2M
Program service revenue—
Investment income$1.4M
Other revenue$85K
Total revenue$5.7M

Expenses

Grants paid$4.5M
Salaries & benefits$584K
Fundraising$399K
Other expenses$574K
Total expenses$5.7M
Total assets$61.7M
Net assets$51.2M

People

14 listed

NameRoleCompensation

JON BACKES

PRESIDENT

Board

—

0.3 hrs/wk

DR STEVE SHIRLEY

DIRECTOR (EX-OFFICIO)

Board

—

0.3 hrs/wk

JARID LUNDEEN

DIRECTOR

Board

—

0.3 hrs/wk

MYRON THOMPSON

DIRECTOR

Board

—

0.3 hrs/wk

KATHY AAS

DIRECTOR

Board

—

0.3 hrs/wk

BOB SANDO

DIRECTOR

Board

—

0.3 hrs/wk

DAN LANGEMO

VICE PRESIDENT

Board

—

0.3 hrs/wk

DAVID GOWAN

DIRECTOR

Board

—

0.3 hrs/wk

KAREN KREBSBACH

DIRECTOR

Board

—

0.3 hrs/wk

KRISTA LAMBRECHT

TREASURER (EX-OFFICIO)

Board

—

0.3 hrs/wk

RICK HEDBERG

EXECUTIVE DIRECTOR (EX-OFF

Board

—

5 hrs/wk

TOM PROBST

DIRECTOR

Board

—

0.3 hrs/wk

KENT KIRKHAMMER

DIRECTOR

Board

—

0.3 hrs/wk

LESLIE COUGHLIN

DIRECTOR

Board

—

0.3 hrs/wk

Grants received

Showing 40 of 40

FromAmountPurposeYear
Edson & Margaret Larson Foundation
$150K
Scholarships and Leadership program.
2024
Greater Horizons
$21K
Education
2024
MINOT COMMUNITY FOUNDATION
$14K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2024
AMERICAN ONLINE GIVING FOUNDATION INC
$11K
GENERAL SUPPORT
2024
NATIONAL PHILANTHROPIC TRUST
$357K
EDUCATION
2023
NORTH DAKOTA COMMUNITY FOUNDATION
$42K
PROGRAM SUPPORT
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$35K
For grant recipient's exempt purposes
2023
MINOT JUNIOR GOLF ASSOCIATION INC
$25K
DONATION TO SUPPORT THE ORGANIZATION'S MISSION.
2023
DONOR ADVISED CHARITABLE GIVING INC
$11K
EDUCATION
2023
MINOT COMMUNITY FOUNDATION
$11K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2023
AMERICAN ONLINE GIVING FOUNDATION INC
$8K
GENERAL SUPPORT
2023
MINOT COMMUNITY FOUNDATION
$6K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2023
Edson & Margaret Larson Foundation
$126K
Scholarships and Leadership program.
2022
MINOT COMMUNITY FOUNDATION
$33K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2022
NORTHWEST NORTH DAKOTA COMMUNITY
$30K
MSU SUMMER THEATER'S OUTDOOR AMPHITHEATER
2022
NATIONAL PHILANTHROPIC TRUST
$11K
EDUCATION
2022
NORTH DAKOTA COMMUNITY FOUNDATION
$10K
—
2022
MINOT COMMUNITY FOUNDATION
$9K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$9K
For grant recipient's exempt purposes
2022
NATIONAL PHILANTHROPIC TRUST
$40K
EDUCATION
2021
NATIONAL GEOGRAPHIC SOCIETY
$19K
Education Grant
2021
VANGUARD CHARITABLE ENDOWMENT PROGRAM
$18K
For recipient's exempt purpose
2021
MINOT COMMUNITY FOUNDATION
$14K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2021
MINOT COMMUNITY FOUNDATION
$7K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2021
AMERICAN ONLINE GIVING FOUNDATION INC
$6K
GENERAL SUPPORT
2021
MINOT COMMUNITY FOUNDATION
$510K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2020
NATIONAL PHILANTHROPIC TRUST
$315K
EDUCATION
2020
VANGUARD CHARITABLE ENDOWMENT PROGRAM
$100K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2020
MINOT COMMUNITY FOUNDATION
$9K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2020
XCEL ENERGY FOUNDATION
$5K
2020 EDUCATION GRANT
2020
LAND O'LAKES FOUNDATION
$3K
MEMBER CO-OP MATCHES
2020
NATIONAL PHILANTHROPIC TRUST
$47K
EDUCATION
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$6K
For grant recipient's exempt purposes
2019
AMERICAN ONLINE GIVING FOUNDATION INC
$6K
GENERAL SUPPORT
2019
MINOT COMMUNITY FOUNDATION
$5K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2019
MINOT COMMUNITY FOUNDATION
$25K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2018
MINOT COMMUNITY FOUNDATION
$11K
TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.
2018

Funded by

$2.1M from 14 funders · 40 grants · 2018–2024

National Philanthropic Trust

$769K · 5 grants · 2019–2023

Minot Community Foundation

$653K · 12 grants · 2018–2024

Edson & Margaret Larson Foundation

$276K · 2 grants · 2022–2024

Vanguard Charitable Endowment Program

$118K · 2 grants · 2020–2021

Fidelity Investments Charitable Gift Fund

$80K · 6 grants · 2019–2023

North Dakota Community Foundation

$52K · 2 grants · 2022–2023

American Online Giving Foundation Inc

$31K · 4 grants · 2019–2024

Northwest North Dakota Community

$30K · 1 grant · 2022

Details

EIN450344784
Subsection03
Ruling date1978-08
Formed1943
Employees0
Volunteers17
MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo