Nonprofit · EIN 23-7120898
NORTH DAKOTA STATE UNIVERSITY FOUNDATION
Also known as NORTH DAKOTA STATE UNIV ALUMNI ASSO
Tax-exempt · FARGO, ND 58102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $102,362,441 | $52,535,207 | $49,827,234 | $688,411,663 | $47,753,068 | $640,658,595 |
| December 31, 2023 | 990 | $69,047,973 | $51,010,035 | $18,037,938 | $627,405,800 | $52,488,105 | $574,917,695 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $65,520,128
- Program service revenue
- $1,278,689
- Investment income
- $35,433,482
- Royalties
- $948,032
- Net rental income
- -$479,182
- Net gain from sales of assets
- $3,191,813
- Net income from fundraising events
- -$371,663
- Net income from sales of inventory
- $32,955
- Other revenue
- $130,142
Expenses
- Grants and similar amounts paid
- $38,240,320
- Compensation of officers, directors and key employees
- $733,036
- Other salaries and wages
- $4,741,886
- Salaries, compensation and benefits (total)
- $7,152,160
- Professional fundraising fees
- $0
- Legal fees
- $60,986
- Accounting fees
- $61,531
- Occupancy
- $300,983
- Travel
- $372,814
- Depreciation
- $230,385
- Program services (functional)
- $40,542,481
- Management and general (functional)
- $7,121,668
- Fundraising (functional)
- $4,871,058
Balance sheet and other
- Total assets, start of year
- $627,405,800
- Total assets, end of year
- $688,411,663
- Total liabilities, end of year
- $47,753,068
- Net assets, end of year
- $640,658,595
- Land, buildings and equipment
- $26,149,450
- Publicly traded securities
- $377,244,345
- Net assets without donor restrictions
- $34,243,345
- Net assets with donor restrictions
- $606,415,250
- Gross unrelated business income
- $322,417
- Gross receipts
- $105,436,329
- Employees
- 67
- Volunteers
- 345
- Year formed
- 1971
- State of legal domicile
- ND
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John R Glover | President & CEO Officer | 60 | $407,231 | $63,814 |
| Allyson Peterson | Sr. VP of Finance & Operation/CFO Officer | 40 | $212,337 | $48,221 |
| Monique Anderson | Sr. VP of Principal Giving Highest-paid employee | 40 | $191,269 | $53,566 |
| Justin Swanson | VP of Major Giving Highest-paid employee | 40 | $158,603 | $41,567 |
| Gail Dancer | VP of Information Services Highest-paid employee | 40 | $157,151 | $40,464 |
| Bethany Hardwig | VP of Alumni & Donor Connections Highest-paid employee | 40 | $150,869 | $34,885 |
| Lisa Otterson | Managing Director of Development Highest-paid employee | 40 | $136,106 | $47,805 |
| Stacey Ackerman Board Chair | (Jan-June)/Board member (July-Dec) Trustee or director, Officer | 2.5 | $0 | $0 |
| Dave Goodin Vice Chair | (Jan-Jun)/Chair (July-Dec) Trustee or director, Officer | 2.5 | $0 | $0 |
| Keith Peltier Secretary | (Jan-June)/Vice Chair (July-Dec) Trustee or director, Officer | 2.5 | $0 | $0 |
| Mike Vipond | Treasurer Trustee or director, Officer | 2.5 | $0 | $0 |
| Kevin Wolf Board Member | (Jan-June)/Secretary (July-Dec) Trustee or director, Officer | 2.5 | $0 | $0 |
| Dave Olig | Board Member Trustee or director | 2.5 | $0 | $0 |
| Neal Fisher | Board Member Trustee or director | 2.5 | $0 | $0 |
| Dave Maring | Board Member (Jan-June) Trustee or director | 2.5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chuck Ulmer | Board Member Trustee or director | 2.5 | $0 |
| Hugh McDonald | Board Member (Jan-June) Trustee or director | 2.5 | $0 |
| Bob Challey | Board Member Trustee or director | 2.5 | $0 |
| Jo Burdick | Board Member (July-Dec) Trustee or director | 2.5 | $0 |
| Dave Clouston | Board Member (July-Dec) Trustee or director | 2.5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John R Glover | President & CEO Officer | 50 | $372,273 | $65,737 |
| Allyson Peterson | Sr. VP of Finance & Operations/CFO Officer | 50 | $195,096 | $52,112 |
| Monique Anderson | Sr. VP of Principal Giving Highest-paid employee | 40 | $183,137 | $50,678 |
| Lisa Otterson | Managing Director of Development Highest-paid employee | 40 | $139,647 | $49,579 |
| Gail Dancer | VP of Information Services Highest-paid employee | 40 | $146,331 | $37,865 |
| Justin Swanson | VP of Major Giving Highest-paid employee | 40 | $130,414 | $39,637 |
| Joshua Andres | Asst. VP of Finance/Controller Highest-paid employee | 40 | $124,642 | $36,486 |
| Stacey Ackerman | Board Chair Trustee or director, Officer | 2.5 | $0 | $0 |
| Dave Goodin | Vice Chair Trustee or director, Officer | 2.5 | $0 | $0 |
| Dave Olig | Sec (Jan-July)/Board Member (July-Dec) Trustee or director, Officer | 2.5 | $0 | $0 |
| Mike Vipond | Treasurer Trustee or director, Officer | 2.5 | $0 | $0 |
| Keith Peltier | Secretary Trustee or director, Officer | 2.5 | $0 | $0 |
| Jennifer Hopkins | Board Member (Jan-June) Trustee or director | 2.5 | $0 | $0 |
| Neal Fisher | Board Member Trustee or director | 2.5 | $0 | $0 |
| Dave Maring | Board Member Trustee or director | 2.5 | $0 | $0 |
| Barb Jones | Board Member (Jan-June) Trustee or director | 2.5 | $0 | $0 |
| Chuck Ulmer | Board Member Trustee or director | 2.5 | $0 | $0 |
| Hugh McDonald | Board Member Trustee or director | 2.5 | $0 | $0 |
| Kevin Wolf | Board Member (Jul-Dec) Trustee or director | 2.5 | $0 | $0 |
| Bob Challey | Board Member (Jul-Dec) Trustee or director | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1241 UNIVERSITY DR N, FARGO, ND 58102-2524
- Principal officer (990 for 2024)
- John R Glover, 1241 N University Drive, Fargo, ND 58102
- Signed the 990
- Allyson Peterson, Sr VP of Fin & Operation/CFO
- Phone
- (701) 231-6800
- Website
- www.ndsufoundation.com
- Return prepared by
- Eide Bailly LLP
Mission
Building enduring relationships that maximize advocacy and philanthropy to support North Dakota State University.
Program accomplishments
- Grants to NDSU for buildings, equipment, research, lectures, faculty development, supplies, travel and other departmental needs and activities not funded through state appropriations or student tuition fees.Expenses $23,446,586 · grants $23,446,586
- Scholarships and awards to students enrolled at North Dakota State University selected by independent scholarship committees.Expenses $14,793,734 · grants $14,793,734
- Alumni records, newsletters and special events such as Homecoming, city alumni/student exchanges. Sponsor University programs such as Harvest Bowl and Celebration of Excellence.Expenses $2,302,161 · revenue $1,311,644
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7120898
- 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
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $688,411,663
- Income (IRS master file)
- $105,436,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $102,362,441 | $52,535,207 | $688,411,663 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $69,047,973 | $51,010,035 | $627,405,800 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $58,170,689 | $55,497,623 | $575,494,411 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 23-7120898).
Questions about NORTH DAKOTA STATE UNIVERSITY FOUNDATION
- What is the EIN of NORTH DAKOTA STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of NORTH DAKOTA STATE UNIVERSITY FOUNDATION is 23-7120898.
- Is NORTH DAKOTA STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to NORTH DAKOTA STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH DAKOTA STATE UNIVERSITY FOUNDATION 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 NORTH DAKOTA STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH DAKOTA STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH DAKOTA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names John R Glover.
- Who are the officers and directors of NORTH DAKOTA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 7 received compensation from the organization, the highest $407,231 (John R Glover, President & CEO).
- How much revenue does NORTH DAKOTA STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $102,362,441, expenses of $52,535,207 and total assets of $688,411,663 at year end.
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