North Dakota State University Foundation
Also known as NDSU Foundation NDSU Foundation and
North Dakota State University Foundation reported $102.4 million in revenue and $52.5 million in expenses for calendar year 2024. Of every $100 it spent, $77.17 went to program services, $13.56 to management and general costs and $9.27 to fundraising. Its largest source of revenue was contributions and grants: 64.0% of the total. The highest compensation it reported for one person was $471,045 (President & CEO). 12 people received more than $100,000 in reportable compensation. Revenue fell 1% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $53MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $102MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 64.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $471,045 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.90% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 12 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 146.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseGrants 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Officer, 60.00 hrs/week | $407,231 | $0 | $63,814 | $471,045 |
| Sr. VP of Finance & Operation/CFO Officer, 40.00 hrs/week | $212,337 | $0 | $48,221 | $260,558 |
| Sr. VP of Principal Giving Highest compensated employee, 40.00 hrs/week | $191,269 | $0 | $53,566 | $244,835 |
| VP of Major Giving Highest compensated employee, 40.00 hrs/week | $158,603 | $0 | $41,567 | $200,170 |
| VP of Information Services Highest compensated employee, 40.00 hrs/week | $157,151 | $0 | $40,464 | $197,615 |
| VP of Alumni & Donor Connections Highest compensated employee, 40.00 hrs/week | $150,869 | $0 | $34,885 | $185,754 |
| Managing Director of Development Highest compensated employee, 40.00 hrs/week | $136,106 | $0 | $47,805 | $183,911 |
12 people received more than $100,000 in reportable compensation from North Dakota State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $733K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 567
- Volunteers Part I, line 6345
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| SEI Investment Management | $3,091,188 |
| Heller Consulting Software Implementation Consultant | $426,281 |
| Bell Bank Investment Management | $156,571 |
| Salesforce Inc Donor Software Service | $139,076 |
| LiveWire Entertainment Media Services Event Audio/Visual Services | $124,910 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
11 private foundations reported grants to North Dakota State University Foundation totaling $264K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from North Dakota State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for North Dakota State University Foundation, you can publish a response that is linked from this page.
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Of every $100 North Dakota State University Foundation spent in 2024, $77.17 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Western Michigan University FoundationKalamazoo, MI · revenue $102M · programs 91.7% · FY2025
- Strive Preparatory SchoolsDenver, CO · revenue $103M · programs 80.5% · FY2025
- Showa Women's UniversityJapan, · revenue $102M · programs 96.4% · FY2025
- North Park UniversityChicago, IL · revenue $103M · programs 89.2% · FY2025
- Kvc Behavioral Healthcare MissouriKansas City, MO · revenue $102M · programs 73.3% · FY2025
Questions people ask
How much of North Dakota State University Foundation's spending goes to programs?
In calendar year 2024, North Dakota State University Foundation reported that 77.2% of its $52.5 million in expenses went to program services, 13.6% to management and general and 9.3% to fundraising (Form 990, Part IX).
How much does North Dakota State University Foundation pay its top executive?
The largest total compensation North Dakota State University Foundation reported for one person in calendar year 2024 was $471,045, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does North Dakota State University Foundation get its money?
Of $102.4 million in revenue in calendar year 2024, 64.0% came from contributions and grants and 1.2% from program service revenue (Form 990, Part VIII).
Is North Dakota State University Foundation a registered charity?
The IRS lists EIN 23-7120898 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503189349311120 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433189349306683 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349302248 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349302101 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102999349301200 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349308526 · read the filing
All filings for EIN 23-7120898: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.