Nonprofit · EIN 23-7108470
SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN
Tax-exempt · MARSHALL, MN 56258
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,428,210 | $4,234,837 | $1,193,373 | $40,271,058 | $3,597,105 | $36,673,953 |
| June 30, 2024 | 990 | $6,333,631 | $3,746,514 | $2,587,117 | $30,694,384 | $2,666,256 | $28,028,128 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,260,006
- Program service revenue
- $365,311
- Investment income
- $1,297,344
- Net rental income
- $274,377
- Net gain from sales of assets
- $297,579
- Net income from fundraising events
- $56,982
- Other revenue
- $505,549
Expenses
- Grants and similar amounts paid
- $2,628,502
- Other salaries and wages
- $495,266
- Salaries, compensation and benefits (total)
- $495,266
- Professional fundraising fees
- $0
- Occupancy
- $388,994
- Travel
- $144,576
- Depreciation
- $22,211
- Program services (functional)
- $3,335,132
- Management and general (functional)
- $704,876
- Fundraising (functional)
- $194,829
Balance sheet and other
- Total assets, start of year
- $30,694,384
- Total assets, end of year
- $40,271,058
- Total liabilities, end of year
- $3,597,105
- Net assets, end of year
- $36,673,953
- Land, buildings and equipment
- $3,657,040
- Publicly traded securities
- $22,517,988
- Net assets without donor restrictions
- $3,916,721
- Net assets with donor restrictions
- $32,757,232
- Gross unrelated business income
- $168,125
- Gross receipts
- $11,446,378
- Employees
- 0
- Volunteers
- 55
- Year formed
- 1963
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AL ANDERSON | DIRECTOR Trustee or director | – | $0 |
| KRISTI MUKOMELA | 1ST VICE PRE Officer | – | $0 |
| JULIE BLEYHL | DIRECTOR Trustee or director | – | $0 |
| TINA CARTWRIGHT | DIRECTOR Trustee or director | – | $0 |
| JERRY BLY | 2ND VICE PRE Trustee or director | – | $0 |
| STEVE BINDER | DIRECTOR Trustee or director | – | $0 |
| CINDY VERSCHAETSE | SECRETARY/TR Officer | – | $0 |
| SUMMER DAY | DIRECTOR Trustee or director | – | $0 |
| DAVE WERPY | PAST PRESIDE Officer | – | $0 |
| BRAD BACON | PRESIDENT Officer | 1 | $0 |
| DUANE CARROW | DIRECTOR Trustee or director | – | $0 |
| JOE ROERS | DIRECTOR Trustee or director | – | $0 |
| NEAL WAHLMAN | DIRECTOR Trustee or director | – | $0 |
| TYLER BOWEN | DIRECTOR Trustee or director | – | $0 |
| JASMINE DESMET | DIRECTOR Trustee or director | – | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIO HERNANDEZ | DIRECTOR Trustee or director | – | $0 |
| JASON HOFFMAN | DIRECTOR Trustee or director | – | $0 |
| NEIL KRUSE | DIRECTOR Trustee or director | – | $0 |
| GARY RANGE | DIRECTOR Trustee or director | – | $0 |
| TOM SAHLSTROM | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DORENE KRONKE-MCCOURT | DIRECTOR Trustee or director | – | $0 |
| KRISTI MUKOMELA | SECRETARY/TR Officer | – | $0 |
| JULIE BLEYHL | DIRECTOR Trustee or director | – | $0 |
| TINA CARTWRIGHT | DIRECTOR Trustee or director | – | $0 |
| JERRY BLY | DIRECTOR Trustee or director | – | $0 |
| TIMOTHY BURNS | DIRECTOR Trustee or director | – | $0 |
| CINDY VERSCHAETSE | 2ND VICE PRE Officer | – | $0 |
| LEE FRENCH | DIRECTOR Trustee or director | – | $0 |
| DAVE WERPY | PAST PRESIDE Officer | – | $0 |
| BRAD BACON | PRESIDENT Officer | 1 | $0 |
| DUANE CARROW | DIRECTOR Trustee or director | – | $0 |
| JOE ROERS | DIRECTOR Trustee or director | – | $0 |
| NEAL WAHLMAN | DIRECTOR Trustee or director | – | $0 |
| TYLER BOWEN | DIRECTOR Trustee or director | – | $0 |
| JIM FUHRMANN | DIRECTOR Trustee or director | – | $0 |
| ROBERT GUNTHER | DIRECTOR Trustee or director | – | $0 |
| JASON HOFFMAN | DIRECTOR Trustee or director | – | $0 |
| BRIAN KNOCHENMUS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1501 STATE ST, MARSHALL, MN 56258-3306
- Principal officer (990 for 2024)
- BRAD BACON, FOUNDERS HALL 1500 STATE ST, MARSHALL, MN 56258
- Signed the 990
- BRAD BACON, PRESIDENT
- Phone
- (507) 532-6265
- Website
- WWW.SMSUFOUNDATION.ORG
- Return prepared by
- HOFFMAN & BROBST PLLP
Mission
TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY AND RAISE MONEY FOR SCHOLARSHIPS FOR STUDENTS.
Program accomplishments
- 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.Expenses $1,428,878 · grants $1,428,878
- 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.Expenses $1,906,254 · grants $1,199,624 · revenue $365,311
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7108470
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $40,271,058
- Income (IRS master file)
- $11,446,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,428,210 | $4,234,837 | $40,271,058 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $6,333,631 | $3,746,514 | $30,694,384 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $7,721,710 | $2,654,701 | $28,630,680 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7108470).
Questions about SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN
- What is the EIN of SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN?
- The employer identification number (EIN) of SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN is 23-7108470.
- Is SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN?
- The 990 for the year ended June 30, 2025 names BRAD BACON.
- Who are the officers and directors of SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,428,210, expenses of $4,234,837 and total assets of $40,271,058 at year end.
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