University of South Dakota Foundation
University of South Dakota Foundation reported $38.2 million in revenue and $33.9 million in expenses for calendar year 2024. Of every $100 it spent, $78.56 went to program services, $11.54 to management and general costs and $9.90 to fundraising. Its largest source of revenue was contributions and grants: 56.3% of the total. The highest compensation it reported for one person was $235,022 (DEVELOP./PRESIDENT & CEO (MAR-DEC)). 15 people received more than $100,000 in reportable compensation. Revenue rose 34% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $34MFor 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 $38MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.16 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 56.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $235,022 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.69% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 15 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 123.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 20 of 20 | 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 expenseProvide scholarship funds to increase the academic excellence of the student body and the quality of their educational experience. Scholarships are awarded for both recruiting and retention purposes. $12.3 million and $11.1 million in scholarships were awarded as of december 31, 2024 and 2023, respectively. This level of funding represents an increase of 30.3% over the last 5 years
Provide funds to construct new campus facilities and restore, repair and maintain existing facilities. The foundation has been instrumental in a major renovation and reconstruction plan for facilities at usd. Since 1996, $119.0 million has been provided for facilities that haveenhanced the students' educational experience and opportunities
Provide funds to support academic faculty through salary augmentation, research and professional development, support of student travel and research, and support of usd museums and various auxiliary programs. In 2024, $6.4 million was provided to support these needs
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 |
|---|---|---|---|---|
| DEVELOP./PRESIDENT & CEO (MAR-DEC) Officer, 45.00 hrs/week | $213,954 | $0 | $21,068 | $235,022 |
| SEC/TREAS; COO & GENERAL COUNSEL Officer, 45.00 hrs/week | $195,809 | $0 | $12,958 | $208,767 |
| ED OF PLANNED GIVING Highest compensated employee, 45.00 hrs/week | $169,344 | $0 | $26,352 | $195,696 |
| PRESIDENT AND CEO (JAN-FEB) Officer, 45.00 hrs/week | $186,103 | $0 | $4,207 | $190,310 |
| VP OF FINANCE Officer, 45.00 hrs/week | $147,845 | $0 | $14,164 | $162,009 |
| VP OF CORPORATE & FDTN RELATIONS Highest compensated employee, 45.00 hrs/week | $144,918 | $0 | $17,072 | $161,990 |
| ED OF DEVELOPMENT Highest compensated employee, 45.00 hrs/week | $144,223 | $0 | $17,584 | $161,807 |
| ADVANCEMENT SERV. & COMMUNICATIONS Highest compensated employee, 45.00 hrs/week | $120,787 | $0 | $14,798 | $135,585 |
15 people received more than $100,000 in reportable compensation from University of South Dakota Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $797K (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–1b20 · 20 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 2Yes
- 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 551
- Volunteers Part I, line 6151
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| RUFFALO NOEL LEVITZ LLC Annual fundraising | $208,459 |
| ERICKSON SOLUTIONS GROUP It support, software, and hardware | $121,771 |
| BLACKBAUD INC Software | $106,276 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to University of South Dakota Foundation totaling $597K 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 University of South Dakota 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 University of South Dakota Foundation, you can publish a response that is linked from this page.
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Of every $100 University of South Dakota Foundation spent in 2024, $78.56 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Calhoun SchoolNew York, NY · revenue $38M · programs 74.6% · FY2025
- After-School All-Stars Los AngelesLos Angeles, CA · revenue $38M · programs 91.6% · FY2025
- Lycee Francais de San FranciscoSan Francisco, CA · revenue $38M · programs 80.2% · FY2025
- Grand Rapids Christian SchoolsGrand Rapids, MI · revenue $38M · programs 83.3% · FY2025
- University Research ParkMadison, WI · revenue $38M · programs 95.9% · 2024
Questions people ask
How much of University of South Dakota Foundation's spending goes to programs?
In calendar year 2024, University of South Dakota Foundation reported that 78.6% of its $33.9 million in expenses went to program services, 11.5% to management and general and 9.9% to fundraising (Form 990, Part IX).
How much does University of South Dakota Foundation pay its top executive?
The largest total compensation University of South Dakota Foundation reported for one person in calendar year 2024 was $235,022, for the role of DEVELOP./PRESIDENT & CEO (MAR-DEC) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of South Dakota Foundation get its money?
Of $38.2 million in revenue in calendar year 2024, 56.3% came from contributions and grants and 3.7% from program service revenue (Form 990, Part VIII).
Is University of South Dakota Foundation a registered charity?
The IRS lists EIN 46-6018891 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
- 2024: Form 990 for calendar year 2024, object 202502819349302100 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422899349301692 · read the filing
- 2022: Form 990 for calendar year 2022, object 202342859349301624 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213079349302626 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102919349301905 · read the filing
- 2019: Form 990 for calendar year 2019, object 202022899349300112 · read the filing
All filings for EIN 46-6018891: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.