North Dakota State University Foun… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

John R Glover

Phone

7012316800

Tax Period

2024-01-01 to 2024-12-31

North Dakota State University Foundation, founded in 1971, is a major nonprofit in the Education sector that reported $102.4M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49.8M, a strong 49% operating margin.

Mission

Building enduring relationships that maximize advocacy and philanthropy to support North Dakota State University.

Program Service Accomplishments

Program 1

Expenses: $23,446,586

Grants to NDSU for buildings, equipment, research, lectures, faculty development, supplies, travel and other departmental needs and activities not funded through state appropriations or student...

Grants 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.

Program 2

Expenses: $14,793,734

Scholarships and awards to students enrolled at North Dakota State University selected by independent scholarship committees.

Program 3

Expenses: $2,302,161 Revenue: $1,311,644

Alumni records, newsletters and special events such as Homecoming, city alumni/student exchanges. Sponsor University programs such as Harvest Bowl and Celebration of Excellence.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,520,128

Program Service Revenue $1,278,689

Investment Income $35,433,482

Other Revenue $130,142

TOTAL REVENUE $102,362,441

Expense Breakdown

Grants Paid $38,240,320

Salaries & Benefits $7,152,160

Fundraising Expenses $4,871,058

Program Expenses $40,542,481

Other Expenses $7,142,727

TOTAL EXPENSES $52,535,207

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,362,441	$69,047,973	+0.5%
Expenses	$52,535,207	$51,010,035	+0.0%
Net Income	$49,827,234	$18,037,938	+1.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

345

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$731,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John R Glover	President & CEO	60.00	Officer	$407,231	$63,814	$471,045
Allyson Peterson	Sr. VP of Finance & Operation/CFO	40.00	Officer	$212,337	$48,221	$260,558
Monique Anderson	Sr. VP of Principal Giving	40.00	Highest	$191,269	$53,566	$244,835
Justin Swanson	VP of Major Giving	40.00	Highest	$158,603	$41,567	$200,170
Gail Dancer	VP of Information Services	40.00	Highest	$157,151	$40,464	$197,615
Bethany Hardwig	VP of Alumni & Donor Connections	40.00	Highest	$150,869	$34,885	$185,754
Lisa Otterson	Managing Director of Development	40.00	Highest	$136,106	$47,805	$183,911
Stacey Ackerman Board Chair	(Jan-June)/Board member (July-Dec)	2.50	Officer Director	$0	$0	$0
Dave Goodin Vice Chair	(Jan-Jun)/Chair (July-Dec)	2.50	Officer Director	$0	$0	$0
Keith Peltier Secretary	(Jan-June)/Vice Chair (July-Dec)	2.50	Officer Director	$0	$0	$0
Mike Vipond	Treasurer	2.50	Officer Director	$0	$0	$0
Kevin Wolf Board Member	(Jan-June)/Secretary (July-Dec)	2.50	Officer Director	$0	$0	$0
Dave Olig	Board Member	2.50	Director	$0	$0	$0
Neal Fisher	Board Member	2.50	Director	$0	$0	$0
Dave Maring	Board Member (Jan-June)	2.50	Director	$0	$0	$0
Chuck Ulmer	Board Member	2.50	Director	$0	$0	$0
Hugh McDonald	Board Member (Jan-June)	2.50	Director	$0	$0	$0
Bob Challey	Board Member	2.50	Director	$0	$0	$0
Jo Burdick	Board Member (July-Dec)	2.50	Director	$0	$0	$0
Dave Clouston	Board Member (July-Dec)	2.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$102,362,441	$52,535,207	$688,411,663	$49,827,234
2023	$69,047,973	$51,010,035	$627,405,800	$18,037,938
2022	$58,170,689	$55,497,623	$575,494,411	$2,673,066
2021	$199,184,967	$28,095,849	$630,421,600	$171,089,118
2020	$29,663,255	$26,474,179	$450,450,295	$3,189,076
2019	$103,753,830	$34,496,672	$426,079,583	$69,257,158

North Dakota State University Foundation