Nonprofit · EIN 41-6033423
MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED
Tax-exempt · MANKATO, MN 56001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $30,343,857 | $9,131,149 | $21,212,708 | $127,735,165 | $2,318,155 | $125,417,010 |
| June 30, 2024 | 990 | $16,316,150 | $7,257,034 | $9,059,116 | $101,080,500 | $900,681 | $100,179,819 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $22,527,311
- Program service revenue
- $0
- Investment income
- $7,681,930
- Royalties
- $5,639
- Net rental income
- -$19,097
- Net gain from sales of assets
- $6,088,472
- Other revenue
- $134,616
Expenses
- Grants and similar amounts paid
- $3,975,875
- Other salaries and wages
- $747,514
- Salaries, compensation and benefits (total)
- $1,014,181
- Professional fundraising fees
- $0
- Legal fees
- $31,164
- Accounting fees
- $48,773
- Occupancy
- $505,657
- Travel
- $170,273
- Program services (functional)
- $6,875,135
- Management and general (functional)
- $1,224,321
- Fundraising (functional)
- $1,031,693
Balance sheet and other
- Total assets, start of year
- $101,080,500
- Total assets, end of year
- $127,735,165
- Total liabilities, end of year
- $2,318,155
- Net assets, end of year
- $125,417,010
- Land, buildings and equipment
- $3,193,547
- Publicly traded securities
- $103,743,858
- Net assets without donor restrictions
- $5,767,330
- Net assets with donor restrictions
- $119,649,680
- Gross unrelated business income
- -$8,194
- Gross receipts
- $44,516,349
- Employees
- 0
- Volunteers
- 36
- Year formed
- 1959
- 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 | Other / benefits |
|---|---|---|---|---|
| HAROLD K STANLEY | FORMER OFFICER THRU 05/24 Former | 30 | $169,052 | $31,382 |
| AMY M COONEY | EXECUTIVE DIRECTOR AS OF 03/25 Officer | 40 | $145,791 | $41,037 |
| RICHARD ORTEGA | INTERIM EXEC. DIRECTOR THRU 03/25 Officer | 20 | $96,005 | $13,554 |
| KIRSTEN VOSS | BOARD VICE-CHAIR Trustee or director, Officer | 0.6 | $0 | $0 |
| RODNEY BROWN | SECRETARY Trustee or director, Officer | 0.6 | $0 | $0 |
| TODD LOOSBROCK | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| JAY ADAMS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BRETT ANDERSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MONA ASKALANI | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ALLAN BOHLKE | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| MELISSA BRADLEY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| CRAIG GOMEZ | DIRECTOR THRU 05/25 Trustee or director | 0.3 | $0 | $0 |
| RACHEL HASSAS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BARBARA HUBBARD | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| TIMOTHY HUEBSCH | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA HYLAND | DIRECTOR THRU 05/25 Trustee or director | 0.3 | $0 |
| ERIC JOHNSON | DIRECTOR Trustee or director | 0.3 | $0 |
| ANGELA JUSTICE | DIRECTOR Trustee or director | 0.3 | $0 |
| KAMAL KARAM | DIRECTOR Trustee or director | 0.3 | $0 |
| BARB KAUS | DIRECTOR THRU 05/25 Trustee or director | 0.3 | $0 |
| TODD KELZENBERG | DIRECTOR Trustee or director | 0.3 | $0 |
| CHRISTINE LANTINEN | DIRECTOR Trustee or director | 0.3 | $0 |
| SUSAN MICHALETZ | DIRECTOR Trustee or director | 0.5 | $0 |
| DANIEL MUNDAHL | DIRECTOR Trustee or director | 0.3 | $0 |
| KAREN OBERLE | DIRECTOR Trustee or director | 0.3 | $0 |
| MICHELLE SCHOOFF | DIRECTOR Trustee or director | 0.3 | $0 |
| JENNIFER SPAUDE | DIRECTOR Trustee or director | 0.4 | $0 |
| CHAD TISCHER | DIRECTOR Trustee or director | 0.4 | $0 |
| BILL WILTGEN | DIRECTOR Trustee or director | 0.4 | $0 |
| JOHN ZAK | DIRECTOR Trustee or director | 0.3 | $0 |
| JIM LUND | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HAROLD K STANLEY | EXECUTIVE DIR. THRU 06/24 Officer | 40 | $206,942 | $45,091 |
| ALLAN BOHLKE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JIM LUND | BOARD VICE-CHAIR Trustee or director, Officer | 0.6 | $0 | $0 |
| TODD LOOSBROCK | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 |
| JENNIFER SPAUDE | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 |
| JAY ADAMS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BRETT ANDERSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MONA ASKALANI | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MELISSA BRADLEY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| RODNEY BROWN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| CRAIG GOMEZ | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BARBARA HUBBARD | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| TIMOTHY HUEBSCH | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| LISA HYLAND | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ERIC JOHNSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| ROD JOHNSON | DIRECTOR THRU 05/24 Trustee or director | 0.5 | $0 | $0 |
| KAMAL KARAM | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BARB KAUS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| TODD KELZENBERG | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| CHRISTINE LANTINEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| KRIS LINDAHL | DIRECTOR THRU 05/24 Trustee or director | 0.3 | $0 | $0 |
| SUSAN MICHALETZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DANIEL MUNDAHL | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| KAREN OBERLE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MICHELLE SCHOOFF | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| CHAD TISCHER | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
| RON VETTER | DIRECTOR THRU 05/24 Trustee or director | 0.3 | $0 | $0 |
| KIRSTEN VOSS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BILL WILTGEN | DIRECTOR Trustee or director | 0.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 224 ALUMNI FOUNDATION CTR, MANKATO, MN 56001-6025
- In care of
- % MANKATO STATE UNIVERSITY
- Principal officer (990 for 2024)
- JIM LUND, 224 ALUMNI FOUNDATION CENTER, MANKATO, MN 56001
- Signed the 990
- JIM LUND, BOARD CHAIR
- Phone
- (507) 389-5595
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
MINNESOTA STATE UNIVERSITY, MANKATO FOUNDATION, INC. IS DEDICATED TO SECURING PRIVATE GIFTS AND GRANTS TO BENEFIT MINNESOTA STATE UNIVERSITY, MANKATO. EACH YEAR, THOUSANDS OF GENEROUS BENEFACTORS MAKE GIFTS TO HELP STUDENTS, FACULTY AND PROGRAMS AT THIS UNIVERSITY. THE FOUNDATION'S MISSION IS TO ENHANCE THE UNIVERSITY'S ABILITY TO ACHIEVE ITS MISSION BY ENCOURAGING AND STEWARDING SUSTAINED PHILANTHROPIC SUPPORT FROM ALUMNI AND FRIENDS. THE FOUNDATION OPERATES WITH RESPONSIBLE STEWARDSHIP, INTEGRITY, TRANSPARENCY AND TRUST, PROVIDES LEADERSHIP, ADVOCACY AND SUPPORT OF THE UNIVERSITY'S STRATEGIC PRIORITIES, PROVIDES SUPPORT FOR EDUCATIONAL ACCESS AND FOR ENRICHING EXPERIENCES FOR STUDENTS, AND PROVIDES LEADERSHIP IN PROMOTING AND ENGAGING DONOR PASSION.
Program accomplishments
- THROUGH A ROBUST INVESTMENT OUR ORGANIZATION EMPOWERS BOTH STUDENTS AND STAFF BY FACILITATING HANDS ON LEARNING EXPERIENCES RANGING FROM CONFERENCES AND CONVENTIONS TO WORKSHOPS, MEETINGS AND GUEST SPEAKERS. THIS SUPPORT IS DEEPLY ALIGNED WITH MINNESOTA STATE UNIVERSITY, MANKATO'S MISSION TO FOSTER HIGH IMPACT EXPERIENCES, CONTINUOUS LEARNING AND HANDS-ON GROWTH. PROFESSIONAL DEVELOPMENT OPPORTUNITIES ARE DESIGNED TO FOSTER COLLABORATION AND INNOVATION WHILE EMPOWERING STUDENTS AND STAFF TO EXPAND THEIR EXPERTISE AND ADAPT IN A RAPIDLY CHANGING WORLD. BY INVESTING IN INNOVATIVE PROGRAMS AND PROFESSIONAL DEVELOPMENT, WE ENSURE THAT EVERY MAVERICK HAS THE OPPORTUNITY TO LEARN BY DOING, GROW AS A LEADER, AND CONTRIBUTE MEANINGFULLY TO THEIR FIELD AND COMMUNITY.Expenses $2,899,260
- A CORE VALUE OF OUR ORGANIZATION IS MAKING A HIGH-QUALITY EDUCATION AFFORDABLE AND ACCESSIBLE FOR ALL. DONOR GENEROSITY DIRECTLY FUNDS SCHOLARSHIPS, GRANTS, AND OTHER AWARDS THAT REDUCE FINANCIAL BARRIERS FOR STUDENTS. OUR COMMITMENT TO AFFORDABILITY MEANS MORE STUDENTS CAN PURSUE THEIR DREAMS, GRADUATE WITH LESS DEBT, AND ACCESS THE LIFE-CHANGING OPPORTUNITIES THAT OUR MINNESOTA STATE UNIVERSITY, MANKATO EDUCATION PROVIDES. EVERY GIFT HELPS OPEN DOORS FOR TALENTED STUDENTS FROM ALL BACKGROUNDS, ENSURING THAT COST IS NEVER A BARRIER TO EXCELLENCE.Expenses $2,886,044 · grants $2,886,044
- OUR ORGANIZATION INVESTED FUNDS TO MAKE POSSIBLE THE TRANSFORMATIONAL EXPERIENCES THAT DEFINE A MINNESOTA STATE UNIVERSITY, MANKATO EDUCATION. THIS SUPPORT SPANS A DIVERSE ARRAY OF PROGRAMS AND INITIATIVES INCLUDING $570,813 TO BOLSTER UNIVERSITY ATHLETIC PROGRAMS WHICH IS FUELING STUDENT-ATHLETE SUCCESS; $150,000 TO STRENGTHEN THE CENTER FOR RURAL BEHAVIORAL HEALTH BY EXPANDING VITAL SERVICES; $105,331 TO PROVIDE EQUIPMENT AND FACILITIES FOR ATHLETICS, IMPROVING TRAINING AND COMPETITION ENVIRONMENTS; $74,240 FUELED THE MAVERICK INNOVATION GATEWAY, FOSTERING ENTREPRENEURSHIP AND INNOVATION; $68,000 POWERED THE MAVERICK REC N READ PROGRAM, PROMOTING LITERACY AND WELLNESS; $59,406 SUSTAINED UNIVERSITY AUXILIARY PROGRAMS, ENSURING OPERATIONAL EXCELLENCE; $41,543 SUPPORTED THEATRE AND DANCE PROGRAMS, BRINGING CREATIVE EXPRESSION TO CAMPUS; $11,698 TO ENHANCE FACILITIES FOR ACADEMIC PROGRAMS, CREATING SPACES FOR LEARNING AND DISCOVERY; AND $8,800 TO ADVANCE THE UNIVERSITY'S MUSIC PROGRAMS, NURTURING ARTISTIC TALENT.FROM IMMERSIVE LEARNING IN THE CLASSROOM TO LEADERSHIP ROLES, COMMUNITY ENGAGEMENT, AND GLOBAL STUDY OPPORTUNITIES, PHILANTHROPIC SUPPORT TURNS POTENTIAL INTO ACHIEVEMENT. EACH GRANT REFLECTS THE ORGANIZATION'S DEDICATION TO CULTIVATING OPPORTUNITY, EXCELLENCE, AND COMMUNITY IMPACT ACROSS MINNESOTA STATE UNIVERSITY, MANKATO.Expenses $1,089,831 · grants $1,089,831
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
- 41-6033423
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $127,735,165
- Income (IRS master file)
- $44,516,349
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $30,343,857 | $9,131,149 | $127,735,165 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $16,316,150 | $7,257,034 | $101,080,500 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $7,880,381 | $6,221,910 | $86,434,052 | 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 41-6033423).
Questions about MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED
- What is the EIN of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED?
- The employer identification number (EIN) of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED is 41-6033423.
- Is MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED 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 MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED 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 MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED 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 MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 names JIM LUND.
- Who are the officers and directors of MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 31 people; 3 received compensation from the organization, the highest $169,052 (HAROLD K STANLEY, FORMER OFFICER THRU 05/24).
- How much revenue does MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $30,343,857, expenses of $9,131,149 and total assets of $127,735,165 at year end.
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