EIN 45-0344784

Minot State University Development Foundation

IRS 501(c) type
501(c)(3)
Num. employees
12
City
Minot
Year formed
1943
Most recent tax filings
2022-06-01
Description
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.
Total revenues
$11,663,994
2022
Total expenses
$2,806,889
2022
Total assets
$52,940,174
2022
Num. employees
12
2022

Program areas at Minot State University Development Foundation

Provide scholarships to students based on criteria and support the University through fundraising and funding of various campus projects and University activities.

Grants made by Minot State University Development Foundation

GranteeGrant descriptionAmount
Minot State UniversityProvide Scholarship Funds To Minot State University Students$1,684,868

Who funds Minot State University Development Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Edson & Margaret Larson FoundationScholarships and Leadership Program.$125,500
National Philanthropic TrustEducation$40,000
Minot Community FoundationTo Assist the Organization With Carrying Out of Its Tax Exempt Mission.$33,000
...and 9 more grants received

Personnel at Minot State University Development Foundation

NameTitleCompensation
Rick HedbergExecutive Director$0
Jon BackesPresident$0
Dan LangemoVice President$0
Brent WinigerTreasurer$0
Maynard SandbergPresident$0
...and 2 more key personnel

Financials for Minot State University Development Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$8,839,973
Program services$0
Investment income and dividends$1,345,896
Tax-exempt bond proceeds$0
Royalty revenue$152,747
Net rental income$19,685
Net gain from sale of non-inventory assets$1,246,927
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$58,766
Total revenues$11,663,994

Form 990s for Minot State University Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-062023-01-27990View PDF
2021-062022-01-12990View PDF
2020-062021-04-05990View PDF
2019-062020-01-03990View PDF
2018-062019-02-21990View PDF
...and 8 more Form 990s
Data update history
December 28, 2023
Received grants
Identified 6 new grant, including a grant for $125,500 from Edson & Margaret Larson Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 9, 2023
Updated personnel
Identified 2 new personnel
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $18,500 from National Geographic Society (NGS)
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsState / local levelReceives government fundingEndowed supportTax deductible donations
General information
Address
500 University Ave W
Minot, ND 58707
County
Ward County, ND
Website URL
minotstateu.edu/alumni/foundation.shtml 
Phone
(701) 858-3368
Facebook page
minotstateuniversity 
Twitter profile
@minotstateu 
IRS details
EIN
45-0344784
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1943
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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