DAKOTA STATE UNIVERSITY FOUNDATION

EIN: 237299995 501(c)(3) Education

MADISON, SD

Total Revenue
$8,159,295
Total Expenses
$9,401,846
Total Assets
$81,762,893
Net Assets
$24,546,817
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
SD
Principal Officer
JILL RUHD
Phone
6052565693
Tax Period
2024-07-01 to 2025-06-30

DAKOTA STATE UNIVERSITY FOUNDATION, founded in 1970, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 42% operating margin.

Mission

TO RAISE FUNDS AND MANAGE PRIVATE FUNDING FOR THE BENEFIT OF DAKOTA STATE UNIVERSITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,994,143
Program Service Revenue $11,658
Investment Income $2,937,399
Other Revenue $216,095
TOTAL REVENUE $8,159,295

Expense Breakdown

Grants Paid $6,577,534
Salaries & Benefits $0
Fundraising Expenses $160,001
Program Expenses $7,163,708
Other Expenses $2,824,312
TOTAL EXPENSES $9,401,846

Year-over-Year Comparison

2024 2023 Change
Revenue $8,159,295 $10,218,415 -0.2%
Expenses $9,401,846 $27,965,827 -0.7%
Net Income $-1,242,551 $-17,747,412 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
40

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
2
$130,167
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE GEIVER CHAIR 1.00
Officer Director
$0 $0 $0
MIKE MALONE TRUSTEE 1.00
Director
$0 $0 $0
FLOYD RUMMEL TRUSTEE 1.00
Director
$0 $0 $0
RANDY SCHAEFER TRUSTEE 1.00
Director
$0 $0 $0
JUDY DITTMAN TRUSTEE 1.00
Director
$0 $0 $0
SCOTT SCHLISNER TRUSTEE 1.00
Director
$0 $0 $0
SUMMER SCHULTZ TRUSTEE 1.00
Director
$0 $0 $0
KAZZI TEEL TRUSTEE 1.00
Director
$0 $0 $0
POOJA PULLMAN TRUSTEE 1.00
Director
$0 $0 $0
TAMMY MILLER TRUSTEE 1.00
Director
$0 $0 $0
ERIN NIELSEN TRUSTEE 1.00
Director
$0 $0 $0
MIKE HALVERSON TRUSTEE 1.00
Director
$0 $0 $0
ROBB GRAHAM TRUSTEE 1.00
Director
$0 $0 $0
JEFF RODMAN TRUSTEE 1.00
Director
$0 $0 $0
BOB CASAGRANDE TRUSTEE 1.00
Director
$0 $0 $0
NICK PODHRADSKY TRUSTEE 1.00
Director
$0 $0 $0
ROGER DEGROOT TRUSTEE 1.00
Director
$0 $0 $0
DELON MORK TRUSTEE 1.00
Director
$0 $0 $0
JEFF BLOOM TRUSTEE 1.00
Director
$0 $0 $0
TREVOR GARBERS TRUSTEE 1.00
Director
$0 $0 $0
HALI MCCLELLAND DIGGS TRUSTEE 1.00
Director
$0 $0 $0
JAROD KEENE TRUSTEE 1.00
Director
$0 $0 $0
JULIE IVERSON TRUSTEE 1.00
Director
$0 $0 $0
PAUL SCHOEDER TRUSTEE (UNTIL MAY 2025) 1.00
Director
$0 $0 $0
MIKE MCKELVEY CEO 40.00
Officer
$107,831 $22,336 $130,167
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 $8,159,295 $9,401,846 $81,762,893 $-1,242,551
2024 $10,218,415 $27,965,827 $102,151,272 $-17,747,412
2023 $5,886,711 $13,699,637 $96,118,718 $-7,812,926
2022 $5,725,186 $2,887,015 $118,045,718 $2,838,171
2021 $15,213,740 $2,592,406 $48,525,169 $12,621,334
2020 $3,444,107 $2,774,279 $34,127,740 $669,828
2019 $3,847,910 $2,221,983 $40,519,237 $1,625,927
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