Nonprofit · EIN 46-0273801
SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
Also known as SDSU FOUNDATION
Tax-exempt · BROOKINGS, SD 57006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $73,265,294 | $62,013,343 | $11,251,951 | $411,928,607 | $12,187,716 | $399,740,891 |
| December 31, 2023 | 990 | $63,664,809 | $68,418,903 | -$4,754,094 | $389,380,417 | $12,479,317 | $376,901,100 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $58,080,109
- Program service revenue
- $2,700,841
- Investment income
- $11,514,688
- Net rental income
- $969,656
- Net gain from sales of assets
- $660,048
- Other revenue
- $969,656
Expenses
- Grants and similar amounts paid
- $51,992,117
- Compensation of officers, directors and key employees
- $836,550
- Other salaries and wages
- $3,631,132
- Salaries, compensation and benefits (total)
- $5,472,601
- Professional fundraising fees
- $0
- Legal fees
- $10,737
- Accounting fees
- $105,779
- Occupancy
- $408,079
- Travel
- $166,457
- Depreciation
- $813,069
- Program services (functional)
- $51,992,117
- Management and general (functional)
- $5,369,205
- Fundraising (functional)
- $4,652,021
Balance sheet and other
- Total assets, start of year
- $389,380,417
- Total assets, end of year
- $411,928,607
- Total liabilities, end of year
- $12,187,716
- Net assets, end of year
- $399,740,891
- Land, buildings and equipment
- $39,826,106
- Publicly traded securities
- $285,417,296
- Net assets without donor restrictions
- $933,061
- Net assets with donor restrictions
- $398,807,830
- Gross unrelated business income
- -$58,775
- Gross receipts
- $77,462,695
- Employees
- 59
- Volunteers
- 100
- Year formed
- 1945
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE ERPENBACH | PRESIDENT/CEO Officer | 55 | $270,941 | $64,663 |
| KEITH MAHLUM | VP FOR DEVELOPMENT Key employee | 55 | $190,375 | $59,748 |
| TIM DWIRE | VP FOR FINANCE & OPERATIONS Officer | 55 | $197,916 | $51,069 |
| MICHAEL BIRGEN | ASSOC VP FOR PHILANTHROPY Highest-paid employee | 55 | $128,418 | $23,882 |
| NED GAVLICK | ASSOC VP FOR GIFT PLANNING Highest-paid employee | 55 | $125,408 | $18,749 |
| RINA REYNOLDS | ASSOC VP FOR PHILANTHROPY Highest-paid employee | 55 | $130,353 | $11,667 |
| KELI BOOKS | ASSOC VP FOR PHILANTHROPY Highest-paid employee | 55 | $113,000 | $9,040 |
| MARC MOONEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN TETZLAFF | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| ERICA DEBOER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN AAMLID | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERTA OLSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RITA EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK WAHLSTROM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN LEDDY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SCHMIDT | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE MCCARVILLE | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHY WALKER | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE SCHAEFER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE ERPENBACH | PRESIDENT/CEO Officer | 55 | $243,663 | $60,176 |
| TIM DWIRE | VP FOR FINANCE & OPERATIONS Officer | 55 | $188,710 | $47,509 |
| KEITH MAHLUM | VP FOR DEVELOPMENT Key employee | 55 | $180,804 | $52,299 |
| MICHAEL BIRGEN | ASSOC VP FOR PHILANTHROPY Highest-paid employee | 55 | $122,503 | $22,173 |
| ARIAN BUNDE | VP FOR STRATEGY & INNOVATION Highest-paid employee | 55 | $123,726 | $16,279 |
| RINA REYNOLDS | ASSOC VP FOR PHILANTHROPY Highest-paid employee | 55 | $124,754 | $10,994 |
| NED GAVLICK | ASSOC VP FOR GIFT PLANNING Highest-paid employee | 55 | $117,274 | $17,415 |
| MARC MOONEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN TETZLAFF | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| BOB SCHMIDT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN AAMLID | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERTA OLSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RITA EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK WAHLSTROM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DANA DYKHOUSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRAVYS HARVEY-KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE MCCARVILLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATHY WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE SCHAEFER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 815 MEDARY AVE, BROOKINGS, SD 57006-1303
- Principal officer (990 for 2024)
- STEVE ERPENBACH, 815 MEDARY AVE, BROOKINGS, SD 57006
- Signed the 990
- TIM DWIRE, VP FOR FINANCE & OPERATIONS
- Phone
- (605) 697-7475
- Website
- WWW.SDSTATEFOUNDATION.ORG
- Return prepared by
- EIDE BAILLY LLP
Mission
ENHANCING EXCELLENCE BY CULTIVATING GENEROSITY AND TREASURING THE LOYALTY OF ALL WE SERVE.
Program accomplishments
- TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $12.46 MILLION IN SCHOLARSHIPS WERE AWARDED, $10.82 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $24.86 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2024.Expenses $51,992,117 · grants $51,992,117 · revenue $2,759,616
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
- 46-0273801
- 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
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $411,928,607
- Income (IRS master file)
- $77,462,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $73,265,294 | $62,013,343 | $411,928,607 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $63,664,809 | $68,418,903 | $389,380,417 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $86,766,590 | $31,153,517 | $374,742,480 | 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 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 46-0273801).
Questions about SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
- What is the EIN of SOUTH DAKOTA STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of SOUTH DAKOTA STATE UNIVERSITY FOUNDATION is 46-0273801.
- Is SOUTH DAKOTA STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
- Are donations to SOUTH DAKOTA STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTH 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 SOUTH 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 SOUTH 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 SOUTH DAKOTA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names STEVE ERPENBACH.
- Who are the officers and directors of SOUTH DAKOTA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 7 received compensation from the organization, the highest $270,941 (STEVE ERPENBACH, PRESIDENT/CEO).
- How much revenue does SOUTH DAKOTA STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $73,265,294, expenses of $62,013,343 and total assets of $411,928,607 at year end.
Other nonprofits in BROOKINGS
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- SOUTH DAKOTA STATE UNIVERSITY ALUMNI ASSOCIATION EIN 41-1866674 · last filed 990 for 2025
- GREAT AFTER-SCHOOL PLACE EIN 46-0407752 · last filed 990 for 2025
- APPA-ASSOCIATION OF HIGHER EDUCATION FACILITIES OFFICERS EIN 23-7100254 · last filed 990 for 2025
- ENTERPRISE INSTITUTE EIN 71-0879071 · last filed 990 for 2025
- ALPHA GAMMA RHO EDUCATIONAL FOUNDATION OF ALPHA PHI CHAPTER EIN 99-1312891 · last filed 990 for 2025
- SOUTH DAKOTA ALPHA CHAPTER COMMUNITY ALUMNI CORP EIN 45-4106831 · last filed 990 for 2025
- MIKE ENTRINGER MEMORIAL SCHOLARSHIP INC EIN 46-0454541 · last filed 990-EZ for 2025