NonprofitsNorthern State University Foundation

Northern State University Foundation

ABERDEEN, SD

Total revenue

$13.5M

Total expenses

$8.5M

Net assets

$61.0M

Grants received

$7.1M

70 grants

EIN

237002314

Tax year

2023

Mission

To solicit, administer funds & pursue other activities dedicated to securing the future of NSU.

Programs

2 programs

NSU Foundation provided funds to support Northern State University special projects, including departmental support of $1,517,134, athletic support of $891,829, operational support of $132,911 and building additions & renovations of $44,686.

Expenses: $2.6MGrants: $2.6M

NSU Foundation provided support for alumni events to develop a spirit of camaraderie and fraternity among the NSU alumni, donors, and friends.

Expenses: $154K

Financials

FY 2023

Revenue

Contributions & grants$10.1M
Program service revenue$915K
Investment income$2.4M
Other revenue$51K
Total revenue$13.5M

Expenses

Grants paid$6.2M
Salaries & benefits$1.1M
Fundraising$707K
Other expenses$1.2M
Total expenses$8.5M
Total assets$70.8M
Net assets$61.0M

People

20 listed

NameRoleCompensation

Zach Flakus

President/CEO/Non-Voting Director

Board

$187K

40 hrs/wk

Kaylee Babcock

CFO

Board

$89K

40 hrs/wk

Dr Neal Schnoor

Non-Voting Director

Board

$4K

2 hrs/wk

Mike Bockorny

Past-Chair

Board

2 hrs/wk

Steve Stickelmyer

Chair-Elect

Board

2 hrs/wk

Greg Wieker

Secretary/Treasurer

Board

2 hrs/wk

Chad Bergan

Director

Board

0.5 hrs/wk

Andrew Rehder to 10523

Director

Board

0.5 hrs/wk

Jennifer Ring

Director

Board

0.5 hrs/wk

Jim Koehler to 10523

Director

Board

0.5 hrs/wk

Mark McNeary

Director

Board

0.5 hrs/wk

Megan Biegler

Chair

Board

2 hrs/wk

Arthur Russo

Director

Board

0.5 hrs/wk

Kyle Schwan

Director

Board

0.5 hrs/wk

Ric Dias

Director

Board

0.5 hrs/wk

Jess Koehler

Director

Board

1 hrs/wk

Kila LeGrand

Director

Board

0.5 hrs/wk

Alex Grieben from 10523

Director

Board

1 hrs/wk

Jared Jacobson from 111623

Director

Board

1 hrs/wk

Allie Ryckman

Director

Board

1 hrs/wk

Independent contractors

Commonfund Securities Inc

Investment Management Fees

$155K

Grants received

Showing 70 of 70

FromAmountPurposeYear
$5K
Athletics operations and compliance
2024
$2K
TO ASSIST WITH NEW CARDIO EQUIPMENT (TREADMILLS AND ELLIPTICALS) IN OUR UNIVERSITY STUDENT WELLNESS CENTER, REPLACING OLDER, NON-FUNCTIONING EQUIPMENT.
2024
$1.4M
Donation
2023
$687K
ATHLETIC PROGRAM SUPPORT, ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT
2023
$140K
For grant recipient's exempt purposes
2023
$33K
CHARITABLE DONATION
2023
$16K
SCHOLARSHIPS
2023
$10K
General Operations
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$9K
GENERAL OPERATING
2023
$500
MATCHING GIFT
2023
$520K
Kindergarten and elementary school education programs at Northern State University
2022
$183K
For grant recipient's exempt purposes
2022
$150K
Scholarship
2022
$20K
GENERAL SUPPORT, EDUCTIONAL SUPPORT
2022
$19K
CHARITABLE DONATION
2022
$10K
GENERAL SUPPORT
2022
$8K
SCHOLARSHIPS
2022
$4K
GENERAL FUNDING
2022
$445K
Kindergarten and elementary school education programs at Northern State University
2021
$152K
Scholarship
2021
$61K
For grant recipient's exempt purposes
2021
$61K
For grant recipient's exempt purposes
2021
$20K
CHARITABLE DONATION
2021
$6K
GENERAL SUPPORT, SCHOLARSHIP
2021
$6K
For recipient's exempt purpose
2021
$6K
GENERAL FUNDING
2021
$451K
Kindergarten and elementary school education programs at Northern State University
2020
$151K
Scholarship; Sponsorship
2020
$21K
GENERAL SUPPORT
2020
$15K
CHARITABLE DONATION
2020
$14K
General operations
2020
$12K
ATHLETIC DEPARTMENT AND GENERAL SUPPORT
2020
$10K
ANNUAL DISTRIBUTIONS-GENERAL OPERATING
2020
$8K
GENERAL FUNDING
2020
$6K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$3K
EMPLOYEE MATCHING GRANT
2020
$1K
GENERAL EXEMPT PURPOSE
2020
$500
OPERATING EXPENSES
2020
$150K
Scholarship Sponsorship
2019
$54K
For grant recipient's exempt purposes
2019
$7K
CAPITAL CAMPAIGN
2019
$454K
Kindergarten and elementary school education programs at Northern State University
2018
$70K
Scholarships and Capital Campaign
2018
$30K
Educational Impact Campaign
2018
$13K
For grant recipient's exempt purposes
2018
$10K
GENERAL SUPPORT
2018
$558K
GENERAL SUPPORT
2017
$150K
Sponsorship
2017
$28K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$7.1M from 25 funders · 70 grants · 2017–2024

Avera Health

$2.2M · 6 grants · 2017–2023

The Millicent Merle Atkins Charitable

$1.9M · 4 grants · 2018–2022

Sanford Group Return

$1.2M · 2 grants · 2017–2023

South Dakota Community Foundation

$552K · 5 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$540K · 7 grants · 2017–2023

Donor Advised Charitable Giving Inc

$305K · 6 grants · 2018–2023

Charities Aid Foundation America

$87K · 4 grants · 2020–2023

Details

EIN237002314
Subsection03
Ruling date1969-02
Formed1968
Employees21
Volunteers185
NORTHERN STATE UNIVERSITY FOUNDATION — Mission, Financials & Grants Received | Grantivo