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EIN 23-7108470

Southwest Minnesota State University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Marshall
State
Minnesota
Year formed
1963
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Southwest Minnesota State University Foundation promotes the university and raises money for scholarships for its students. Monies are utilized to advertise and recruit potential students. Scholarships are provided to support academic and/or athletic leadership demonstrated by the students who continue their studies at Southwest Minnesota State University.
Total revenues
$7,721,710
2023
Total expenses
$2,654,701
2023
Total assets
$28,630,680
2023
Num. employees
0
2023

Program areas at Southwest Minnesota State University Foundation

Scholarships: a specific gift applies toward tuition and fees for students who demonstrate academic and/or athletic leadership, to continue their studies at Southwest Minnesota State University.
University promotion and recruitment: monies used to promote Southwest Minnesota State University through the advertising media and to recruit outstanding individuals to attend Southwest Minnesota State University.

Who funds Southwest Minnesota State University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sanford Tax GroupProgram Support$100,000
Minnesota Corn Growers AssociationEducation & Awareness$70,000
American Center for Philanthropy (ACP)Multiple Grants for Multiple Purposes$29,472
...and 7 more grants received

Personnel at Southwest Minnesota State University Foundation

NameTitleCompensation
Rustin Buysse '04Director of Development
Dave WerpyPresident$0
Kristi MukomelaSecretary and Treasurer$0
Cindy VerschaetseSecond Vice President$0
Jerry BlyPast President$0
...and 2 more key personnel

Financials for Southwest Minnesota State University Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$6,663,337
Program services$130,249
Investment income and dividends$581,361
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$224,900
Net gain from sale of non-inventory assets$-33,455
Net income from fundraising events$91,168
Net income from gaming activities$0
Net income from sales of inventory$-54
Miscellaneous revenues$64,204
Total revenues$7,721,710

Form 990s for Southwest Minnesota State University Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-15990View PDF
2022-062022-11-15990View PDF
2021-062021-11-12990View PDF
2020-062021-02-22990View PDF
2019-062020-02-06990View PDF
...and 9 more Form 990s

Organizations like Southwest Minnesota State University Foundation

OrganizationLocationRevenue
Valley City State University FoundationValley City, ND$2,329,236
Aurora Public Schools Education FoundationAurora, CO$2,682,880
Neomed FoundationRootstown, OH$8,046,536
Skagit Valley College FoundationMount Vernon, WA$5,969,491
Highland Community College FoundationFreeport, IL$4,333,251
Fairmont State FoundationFairmont, WV$2,055,165
Towson University FoundationTowson, MD$15,208,535
Oregon Tech FoundationKlamath Falls, OR$6,429,423
Parkland College FoundationChampaign, IL$2,686,390
Shawnee State University Development FoundationPortsmouth, OH$3,301,763
Data update history
October 23, 2024
Updated personnel
Identified 1 new personnel
July 9, 2024
Received grants
Identified 2 new grant, including a grant for $5,500 from Avera Health
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $70,000 from Minnesota Corn Growers Association
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 6, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsState / local levelEndowed supportGala fundraisersAuction fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
Founders Hall 1501 State St
Marshall, MN 56258
County
Lyon County, MN
Website URL
smsufoundation.org/ 
Phone
(507) 532-6265
IRS details
EIN
23-7108470
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1963
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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