METROPOLITAN STATE UNIVERSITY FOUNDATION

EIN: 237296162 501(c)(3) Education

ST PAUL, MN

Total Revenue
$1,331,916
Total Expenses
$1,336,539
Total Assets
$12,019,192
Net Assets
$11,988,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MN
Principal Officer
RACHEL HUGHES
Phone
6517931830
Tax Period
2023-07-01 to 2024-06-30

METROPOLITAN STATE UNIVERSITY FOUNDATION, founded in 1972, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $12.0M represent 108 months of operating reserves.

Mission

TO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $991,668
Program Service Revenue $0
Investment Income $314,847
Other Revenue $25,401
TOTAL REVENUE $1,331,916

Expense Breakdown

Grants Paid $1,083,207
Salaries & Benefits $0
Fundraising Expenses $58,447
Program Expenses $1,115,133
Other Expenses $253,332
TOTAL EXPENSES $1,336,539

Year-over-Year Comparison

2023 2022 Change
Revenue $1,331,916 $1,489,008 -0.1%
Expenses $1,336,539 $1,105,903 +0.2%
Net Income $-4,623 $383,105 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
109

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
5
$148,398
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL HUGHES EXECUTIVE DI 40.00
Officer
$0 $23,112 $148,398
JOSEPH ELLIS CHAIR 0.50
Officer Director
$0 $0 $0
JEANETTE AUGUSTSON VICE CHAIR 0.50
Officer Director
$0 $0 $0
HARPREET ANAND TREASURER 0.50
Officer Director
$0 $0 $0
OCHEN KAYLAN SECRETARY 0.50
Officer Director
$0 $0 $0
ZEESHAN BAIG TRUSTEE 0.10
Director
$0 $0 $0
CHRISTINE BOESE TRUSTEE 0.10
Director
$0 $0 $0
WENDY BREKKEN TRUSTEE 0.10
Director
$0 $0 $0
ROBERT CARTER TRUSTEE 0.10
Director
$0 $0 $0
TONY GAGLIARDO TRUSTEE 0.10
Director
$0 $0 $0
LAURA HAWKINS TRUSTEE 0.10
Director
$0 $0 $0
EZELL JONES TRUSTEE 0.10
Director
$0 $0 $0
SUHANTHI KAMESH TRUSTEE 0.10
Director
$0 $0 $0
JAY LAUGHLIN TRUSTEE 0.10
Director
$0 $0 $0
COLIN PARTRIDGE TRUSTEE 0.10
Director
$0 $0 $0
BETH RUSSELL TRUSTEE 0.10
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
2025 No data No data No data No data
2024 $1,331,916 $1,336,539 $12,019,192 $-4,623
2023 $1,489,008 $1,105,903 $11,284,796 $383,105
2022 $1,970,180 $1,060,679 $10,274,663 $909,501
2021 $1,326,333 $675,216 $10,710,514 $651,117
2020 $1,630,121 $783,494 $8,270,973 $846,627
2019 $777,134 $1,365,286 $7,698,013 $-588,152
2018 $1,545,298 $881,267 $7,975,976 $664,031
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