North Dakota State University Foundation
77% goes to programs $7 to raise $100 Strong reserves Declining revenue
North Dakota State University Foundation is a 501(c)(3) organization based in Fargo, North Dakota, registered in 1971, with $102,362,441 in FY2024 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
1241 University Dr N, Fargo, ND, 58102 EIN 23-7120898 Since 1971
Revenue (FY2024)
$102.4M
▲ 48.2% vs prior year
Education median: $200K
Expenses (FY2024)
$52.5M
Net assets
$640.7M
Employees
67
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating77% to programs · $7 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For North Dakota State University Foundation: 77% to programs · $7 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating146 mo reserves · +49% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For North Dakota State University Foundation: 146 mo reserves · +49% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For North Dakota State University Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For North Dakota State University Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Building enduring relationships that maximize advocacy and philanthropy to support ndsu.
What they do
Scholarships and awards to students enrolled at north dakota state university selected by independent scholarship committees.
Alumni records, newsletters and special events such as homecoming, city alumni/student exchanges. sponsor university programs such as harvest bowl and celebration of excellence.
Contact & location
- Address
- 1241 University Dr N, Fargo, ND, 58102
- City
- Fargo
- State
- North Dakota
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.2M (FY2013) to $102.4M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $47.8MNet assets $640.7M
Operating margin
48.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$688.4M
Total liabilities
$47.8M
Net assets
$640.7M
Salaries & benefits
$7.2M
14% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $102,362,441▲48.2% | $52,535,207▲3.0% | $640,658,595▲11.4% | $688,411,663▲9.7% | 990 |
| 2023 | $69,047,973▲18.7% | $51,010,035▼8.1% | $574,917,695▲7.5% | $627,405,800▲9.0% | 990 |
| 2022 | $58,170,689▼70.8% | $55,497,623▲97.5% | $534,709,696▼10.3% | $575,494,411▼8.7% | 990 |
| 2021 | $199,184,967▲571% | $28,095,849▲6.1% | $596,239,920▲43.8% | $630,421,600▲40.0% | 990 |
| 2020 | $29,663,255▼71.4% | $26,474,179▼23.3% | $414,767,679▲5.5% | $450,450,295▲5.7% | 990 |
| 2019 | $103,753,830▲80.8% | $34,496,672▲140% | $393,295,143▲36.6% | $426,079,583▲32.0% | 990 |
| 2017 | $57,378,454▲127% | $14,386,375▼38.9% | $287,922,965▲33.8% | $322,704,523▲31.4% | 990 |
| 2015 | $25,265,300▼39.3% | $23,554,596▲7.3% | $215,153,324▼1.8% | $245,561,580▼1.0% | 990 |
| 2014 | $41,617,265▲6.2% | $21,956,631▲73.0% | $219,122,822▲11.5% | $247,939,444▲9.5% | 990 |
| 2013 | $39,188,290 | $12,689,545▼16.3% | $196,475,253▲13.3% | $226,438,703▲7.6% | 990 |
| 2012 | — | $15,154,570▲66.2% | $173,376,837▲7.8% | $210,417,200▲7.3% | 990 |
| 2010 | — | $9,120,070 | $160,803,983 | $196,147,924 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: John R Glover — $407,231 (0.78% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John R Glover | President & Ceo | 60 | $407,231 |
| Allyson Peterson | Sr. Vp of Finance & Operation/cfo | 40 | $212,337 |
| Monique Anderson | Sr. Vp of Principal Giving | 40 | $191,269 |
| Justin Swanson | Vp of Major Giving | 40 | $158,603 |
| Gail Dancer | Vp of Information Services | 40 | $157,151 |
| Bethany Hardwig | Vp of Alumni & Donor Connections | 40 | $150,869 |
| Lisa Otterson | Managing Director of Development | 40 | $136,106 |
| Bob Challey | Board Member | 2.5 | — |
| Chuck Ulmer | Board Member | 2.5 | — |
| Dave Clouston | Board Member (july-dec) | 2.5 | — |
| Dave Goodin Vice Chair | (jan-jun)/chair (july-dec) | 2.5 | — |
| Dave Maring | Board Member (jan-june) | 2.5 | — |
| Dave Olig | Board Member | 2.5 | — |
| Hugh Mcdonald | Board Member (jan-june) | 2.5 | — |
| Jo Burdick | Board Member (july-dec) | 2.5 | — |
| Keith Peltier Secretary | (jan-june)/vice Chair (july-dec) | 2.5 | — |
| Kevin Wolf Board Member | (jan-june)/secretary (july-dec) | 2.5 | — |
| Mike Vipond | Treasurer | 2.5 | — |
| Neal Fisher | Board Member | 2.5 | — |
| Stacey Ackerman Board Chair | (jan-june)/board Member (july-dec) | 2.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $26.0M total
128 grants to North Dakota State University Foundation totaling $26.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2024 | $169,000 |
| American Gift Fund | Operations | 2024 | $154,425 |
| Greater Kansas City Community Foundation | Education | 2024 | $150,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $144,800 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $54,750 |
| American Online Giving Foundation Inc | General support | 2024 | $47,332 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $16,380 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $7,000 |
| Sanford | Economic development, health professions education, workforce development | 2023 | $2,846,667 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,439,420 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2023 | $490,000 |
| Donor Advised Charitable Giving | Education | 2023 | $205,246 |
| San Francisco Foundation | For the re-entry scholarships program. | 2023 | $200,000 |
| American Gift Fund | Operations | 2023 | $82,500 |
Grants made · $38.2M in FY2024
1 grant totaling $38.2M in FY2024. All grants made by North Dakota State University Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| North Dakota State University | Cash grants provided for student scholarships, faculty support, departmental support, and capital projects. | $38,240,320 |
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Frequently asked questions
- Is North Dakota State University Foundation a legitimate nonprofit?
- Yes. North Dakota State University Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7120898, based in Fargo, North Dakota. Donations are tax-deductible.
- What is North Dakota State University Foundation's EIN?
- North Dakota State University Foundation's Employer Identification Number (EIN) is 23-7120898.
- How much revenue does North Dakota State University Foundation report?
- North Dakota State University Foundation reported $102,362,441 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of North Dakota State University Foundation's spending goes to programs?
- North Dakota State University Foundation spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does North Dakota State University Foundation have?
- CharityIndex grades North Dakota State University Foundation A, based on program efficiency and fundraising cost.
- How much does North Dakota State University Foundation's highest-paid employee make?
- The highest reported compensation on North Dakota State University Foundation's latest Form 990 is $407,231, paid to John R Glover (President & Ceo).
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Data for North Dakota State University Foundation (EIN 23-7120898) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.