Minnesota State University Mankato Foundation
Minnesota State University Mankato Foundation reported $30.3 million in revenue and $9.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.29 went to program services, $13.41 to management and general costs and $11.30 to fundraising. Its largest source of revenue was contributions and grants: 74.2% of the total. The highest compensation it reported for one person was $200,434 (FORMER OFFICER THRU 05/24). Revenue rose 214% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.1MFor 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
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $30MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 74.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $200,434 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.20% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 164.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseThrough 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…
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
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…
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| FORMER OFFICER THRU 05/24 Former, 30.00 hrs/week | $169,052 | $0 | $31,382 | $200,434 |
| EXECUTIVE DIRECTOR AS OF 03/25 Officer, 40.00 hrs/week | $145,791 | $0 | $41,037 | $186,828 |
| INTERIM EXEC. DIRECTOR THRU 03/25 Officer, 20.00 hrs/week | $96,005 | $0 | $13,554 | $109,559 |
0 people received more than $100,000 in reportable compensation from Minnesota State University Mankato Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b25 · 25 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 15aNo
- 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 4No
- 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 50
- Volunteers Part I, line 636
Private foundation grants it received
17 private foundations reported grants to Minnesota State University Mankato Foundation totaling $127K 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 Minnesota State University Mankato 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 Minnesota State University Mankato Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Minnesota State University Mankato Foundation spent in FY2025, $75.29 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Minnesota State University Mankato Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Minnesota State University Mankato Foundation reported that 75.3% of its $9.1 million in expenses went to program services, 13.4% to management and general and 11.3% to fundraising (Form 990, Part IX).
How much does Minnesota State University Mankato Foundation pay its top executive?
The largest total compensation Minnesota State University Mankato Foundation reported for one person in the fiscal year ending June 30, 2025 was $200,434, for the role of FORMER OFFICER THRU 05/24 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Minnesota State University Mankato Foundation get its money?
Of $30.3 million in revenue in the fiscal year ending June 30, 2025, 74.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Minnesota State University Mankato Foundation a registered charity?
The IRS lists EIN 41-6033423 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202533179349309888 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423139349302107 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303159349300120 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243189349302149 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123159349306262 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202023219349301647 · read the filing
All filings for EIN 41-6033423: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.