Nonprofit · EIN 23-7299995
DAKOTA STATE UNIVERSITY FOUNDATION
Tax-exempt · MADISON, SD 57042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,159,295 | $9,401,846 | -$1,242,551 | $81,762,893 | $57,216,076 | $24,546,817 |
| June 30, 2024 | 990 | $10,218,415 | $27,965,827 | -$17,747,412 | $102,151,272 | $76,848,409 | $25,302,863 |
| June 30, 2023 | 990 | $5,886,711 | $13,699,637 | -$7,812,926 | $96,118,718 | $53,069,757 | $43,048,961 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,994,143
- Program service revenue
- $11,658
- Investment income
- $2,937,399
- Net rental income
- $213,890
- Net gain from sales of assets
- $2,305,259
- Net income from fundraising events
- $1,205
- Other revenue
- $216,095
Expenses
- Grants and similar amounts paid
- $6,577,534
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $2,932
- Depreciation
- $57,978
- Program services (functional)
- $7,163,708
- Management and general (functional)
- $2,078,137
- Fundraising (functional)
- $160,001
Balance sheet and other
- Total assets, start of year
- $102,151,272
- Total assets, end of year
- $81,762,893
- Total liabilities, end of year
- $57,216,076
- Net assets, end of year
- $24,546,817
- Land, buildings and equipment
- $3,227,978
- Publicly traded securities
- $65,573,396
- Net assets without donor restrictions
- -$3,326,300
- Net assets with donor restrictions
- $27,873,117
- Gross receipts
- $8,586,484
- Employees
- 0
- Volunteers
- 40
- Year formed
- 1970
- State of legal domicile
- SD
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 | Other / benefits |
|---|---|---|---|---|
| MIKE MCKELVEY | CEO Officer | 40 | $107,831 | $22,336 |
| DAVE GEIVER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE MALONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FLOYD RUMMEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RANDY SCHAEFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDY DITTMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT SCHLISNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUMMER SCHULTZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAZZI TEEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| POOJA PULLMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TAMMY MILLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIN NIELSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE HALVERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBB GRAHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF RODMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB CASAGRANDE | TRUSTEE Trustee or director | 1 | $0 |
| NICK PODHRADSKY | TRUSTEE Trustee or director | 1 | $0 |
| ROGER DEGROOT | TRUSTEE Trustee or director | 1 | $0 |
| DELON MORK | TRUSTEE Trustee or director | 1 | $0 |
| JEFF BLOOM | TRUSTEE Trustee or director | 1 | $0 |
| TREVOR GARBERS | TRUSTEE Trustee or director | 1 | $0 |
| HALI MCCLELLAND DIGGS | TRUSTEE Trustee or director | 1 | $0 |
| JAROD KEENE | TRUSTEE Trustee or director | 1 | $0 |
| JULIE IVERSON | TRUSTEE Trustee or director | 1 | $0 |
| PAUL SCHOEDER | TRUSTEE (UNTIL MAY 2025) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JON SCHEMMEL | CEO (UNTIL 12/2023) Officer | 40 | $209,867 | $18,443 |
| SAMANTHA ZOSS | COO (UNTIL 06/2024) Officer | 40 | $116,999 | $15,323 |
| DAVE GEIVER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TAMMY MILLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| FLOYD RUMMEL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JUDY DITTMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE MALONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RANDY SCHAEFFER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFF BLOOM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOB CASAGRANDE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| HALI DIGGS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KAZZI FOSTER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBB GRAHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE HALVERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TREVOR GARBERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVE MILLER | TRUSTEE (UNTIL 04/2024) Trustee or director | 1 | $0 | $0 |
| DELON MORK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIN NIELSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| POOJA PULLMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SCOTT SCHLISNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL SCHROEDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUMMER SCHULTZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE MCKELVEY | CEO (BEG 05/2024) Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUZY COLLINGNON-HODGEN | CHAIR Trustee or director, Officer | 1 | $0 |
| FLOYD RUMMEL | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| TAMMY MILLER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| STACY KRUSEMARK | TREASURER (UNTIL 09/2022) Trustee or director, Officer | 1 | $0 |
| JUDY DITTMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GEIVER | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY SCHAEFFER | BOARD MEMBER Trustee or director | 1 | $0 |
| MILES BEACOM | TRUSTEE (UNTIL 12/2022) Trustee or director | 1 | $0 |
| BILL BECK | TRUSTEE (UNTIL 02/2023) Trustee or director | 1 | $0 |
| JEFF BLOOM | TRUSTEE Trustee or director | 1 | $0 |
| BOB CASAGRANDE | TRUSTEE Trustee or director | 1 | $0 |
| ROGER DEGROOT | TRUSTEE Trustee or director | 1 | $0 |
| HALI DIGGS | TRUSTEE Trustee or director | 1 | $0 |
| KAZZI FOSTER-TEEL | TRUSTEE Trustee or director | 1 | $0 |
| ROBB GRAHAM | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL HALVERSON | TRUSTEE Trustee or director | 1 | $0 |
| DELON MORK | TRUSTEE Trustee or director | 1 | $0 |
| ERIN NIELSEN | TRUSTEE Trustee or director | 1 | $0 |
| RENAE PROSTROLLO | TRUSTEE (UNTIL 12/2022) Trustee or director | 1 | $0 |
| POOJA PULLMAN | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT SCHLISNER | TRUSTEE Trustee or director | 1 | $0 |
| PAUL SCHROEDER | TRUSTEE Trustee or director | 1 | $0 |
| SUMMER SCHULTZ | TRUSTEE Trustee or director | 1 | $0 |
| CECELIA WITTMAYER | TRUSTEE (UNTIL 12/2022) Trustee or director | 1 | $0 |
| MIKE MALONE | TRUSTEE Trustee or director | 1 | $0 |
| DAVE MILLER | TRUSTEE (BEGINNING 01/2023) Trustee or director | 1 | $0 |
| MIKE JASPERS | TRUSTEE (UNTIL 12/2022) Trustee or director | 1 | $0 |
| JOSHUA ROBINSON | BOARD MEMBER (UNTIL 7/2022) Trustee or director | 1 | $0 |
| JON SCHEMMEL | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 |
| SAMANTHA ZOSS | CHIEF OPERATING OFFICER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 820 N WASHINGTON AVE, MADISON, SD 57042-1735
- In care of
- % BUSINESS OFFICE
- Principal officer (990 for 2024)
- JILL RUHD, 820 N WASHINGTON AVE, MADISON, SD 57042
- Signed the 990
- JILL RUHD, INTERIM VP OF INSTITUTIONAL ADVANCE
- Phone
- (605) 256-5693
- Website
- WWW.FOUNDATION.DSU.EDU
- Return prepared by
- EIDE BAILLY LLP
Mission
DAKOTA STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT NON-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF RAISING AND MANAGING PRIVATE FUNDING FOR THE BENEFIT OF DAKOTA STATE UNIVERSITY.
Program accomplishments
- THE FOUNDATION ASSISTS IN MAKING PAYMENTS TO OR ON BEHALF OF DAKOTA STATE UNIVERSITY FOR SCHOLARSHIPS.Expenses $1,874,925 · grants $1,874,925
- EXPENDITURES FOR THE GENERAL SUPPORT OF DSU INCLUDING: PAYMENTS TO DSU ALUMNI ASSOCIATION FOR MAILING LIST, PAYMENTS FOR PROJECTS, AWARDS, AND CONSTRUCTION PROJECTS.Expenses $5,288,783 · grants $4,702,609 · revenue $11,658
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
- 23-7299995
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B431)
- Assets (IRS master file)
- $81,762,893
- Income (IRS master file)
- $8,586,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,159,295 | $9,401,846 | $81,762,893 | XML |
| 990 | June 2024 | $10,218,415 | $27,965,827 | $102,151,272 | XML |
| 990 | June 2023 | $5,886,711 | $13,699,637 | $96,118,718 | XML |
| 990 | June 2022 | $5,725,186 | $2,887,015 | $118,045,718 | IRS |
| 990 | 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 23-7299995).
Questions about DAKOTA STATE UNIVERSITY FOUNDATION
- What is the EIN of DAKOTA STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of DAKOTA STATE UNIVERSITY FOUNDATION is 23-7299995.
- Is DAKOTA STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to DAKOTA STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 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 DAKOTA 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 DAKOTA 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 DAKOTA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names JILL RUHD.
- Who are the officers and directors of DAKOTA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 25 people; 1 received compensation from the organization, the highest $107,831 (MIKE MCKELVEY, CEO).
- How much revenue does DAKOTA STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,159,295, expenses of $9,401,846 and total assets of $81,762,893 at year end.
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