Nonprofit · EIN 23-7296162
METROPOLITAN STATE UNIVERSITY FOUNDATION
Tax-exempt · ST PAUL, MN 55106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,864,386 | $1,488,659 | $375,727 | $13,333,439 | $50,447 | $13,282,992 |
| June 30, 2024 | 990 | $1,331,916 | $1,336,539 | -$4,623 | $12,019,192 | $30,391 | $11,988,801 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,311,201
- Program service revenue
- $0
- Investment income
- $371,607
- Net income from fundraising events
- -$7,085
- Net income from sales of inventory
- $1,958
- Other revenue
- $181,578
Expenses
- Grants and similar amounts paid
- $1,086,704
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $32,001
- Program services (functional)
- $1,192,892
- Management and general (functional)
- $188,816
- Fundraising (functional)
- $106,951
Balance sheet and other
- Total assets, start of year
- $12,019,192
- Total assets, end of year
- $13,333,439
- Total liabilities, end of year
- $50,447
- Net assets, end of year
- $13,282,992
- Publicly traded securities
- $12,841,395
- Net assets without donor restrictions
- $1,601,096
- Net assets with donor restrictions
- $11,681,896
- Gross receipts
- $1,871,471
- Employees
- 0
- Volunteers
- 140
- Year formed
- 1972
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RACHEL HUGHES | EXECUTIVE DI Officer | 40 | $0 | $150,879 | $27,534 |
| JEANETTE AUGUSTSON | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| HARPREET ANAND | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| OCHEN KAYLAN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MAUREEN ACOSTA | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| WENDY BREKKEN | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| JOSEPH ELLIS | TRUSTEE Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| TONY GAGLIARDO | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| LAURA HAWKINS | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| SUHANTHI KAMESH | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| NOAH KORBA | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| SCOTT MCCOY | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| COLIN PARTRIDGE | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| BETH RUSSELL | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RACHEL HUGHES | EXECUTIVE DI Officer | 40 | $0 | $125,286 | $23,112 |
| JOSEPH ELLIS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JEANETTE AUGUSTSON | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| HARPREET ANAND | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| OCHEN KAYLAN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ZEESHAN BAIG | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| CHRISTINE BOESE | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| WENDY BREKKEN | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| ROBERT CARTER | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| TONY GAGLIARDO | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| LAURA HAWKINS | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| EZELL JONES | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| SUHANTHI KAMESH | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| JAY LAUGHLIN | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| COLIN PARTRIDGE | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
| BETH RUSSELL | TRUSTEE Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 EAST SEVENTH ST SUITE 218 FOUN, ST PAUL, MN 55106-5000
- Principal officer (990 for 2024)
- RACHEL HUGHES, 700 E 7TH STREET, SAINT PAUL, MN 55106
- Signed the 990
- RACHEL HUGHES, EXECUTIVE DIRECTOR
- Phone
- (651) 793-1830
- Website
- WWW.METROSTATE.EDU
- Return prepared by
- BOYUM & BARENSCHEER PLLP
Mission
TO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.
Program accomplishments
- TO PROVIDE SUPPORT TO THE VARIOUS UNIVERSITY ACADEMIC PROGRAMS AND SPECIAL INITIATIVES, ENABLING THE FURTHER STRENGTHENING OF THESE PROGRAMS. SIGNIFICANT PROGRAMS DEVELOPED AND ASSISTED WERE THE URBAN EDUCATION PROGRAM, THE LIBRARY PROGRAM AND THE TRAVELERS PROGRAM.Expenses $405,896 · grants $405,896
- TO PROVIDE SUPPORT TO STUDENTS WITH FINANCIAL NEED THROUGH THE FOUNDATION'S PRIVATELY FUNDED SCHOLARSHIP PROGRAM. APPROXIMATELY 500 SCHOLARSHIPS WERE AWARDED THIS YEARExpenses $680,808 · grants $680,808
- THE ALUMNI ASSOCIATION IS TO GENERATE MAXIMUM PUBLIC AWARENESS FOR THE UNIVERSITY, TO RECOGNIZE THE ACCOMPLISHMENTS AND CONTRIBUTIONS OF ALUMNI AND FACULTY, INSPIRE PROSPECTIVE STUDENTS TO ATTEND THE UNIVERSITY, COLLABORATE WITH THE UNIVERSITY IN ITS EFFORT TO BUILD RELATIONSHIPS WITH ALUMNI AND CONSTITUENCY, AND HELP STUDENTS FOSTER A LIFELONG RELATIONSHIP WITH THE UNIVERSITY.Expenses $83,283
- TO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.Expenses $22,905
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
- 23-7296162
- 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
- 1973
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $13,333,439
- Income (IRS master file)
- $1,871,471
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,864,386 | $1,488,659 | $13,333,439 | IRS |
| 990 | June 2024 | $1,331,916 | $1,336,539 | $12,019,192 | XML |
| 990 | June 2023 | $1,489,008 | $1,105,903 | $11,284,796 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 23-7296162).
Questions about METROPOLITAN STATE UNIVERSITY FOUNDATION
- What is the EIN of METROPOLITAN STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of METROPOLITAN STATE UNIVERSITY FOUNDATION is 23-7296162.
- Is METROPOLITAN STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to METROPOLITAN STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does METROPOLITAN 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 METROPOLITAN STATE UNIVERSITY FOUNDATION 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 METROPOLITAN STATE UNIVERSITY FOUNDATION 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 METROPOLITAN STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names RACHEL HUGHES.
- Who are the officers and directors of METROPOLITAN STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does METROPOLITAN STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,864,386, expenses of $1,488,659 and total assets of $13,333,439 at year end.
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