M STATE FOUNDATION AND ALUMNI

EIN: 363366589 501(c)(3)

MOORHEAD, MN

Total Revenue
$611,120
Total Expenses
$605,204
Total Assets
$1,205,938
Net Assets
$1,205,938
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MN
Principal Officer
LEANN MOUW
Phone
2186317819
Tax Period
2024-07-01 to 2025-06-30

M STATE FOUNDATION AND ALUMNI, founded in 1991, is a small nonprofit that reported $611K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE M STATE FOUNDATION EXISTS TO SUPPORT THE MISSION OF M STATE BY PROVIDING FINANCIAL SUPPORT TO HELP CREATE A SUCCESS STORY FOR EVERY M STATE STUDENT. OUR VISION IS TO CREATE A CULTURE THAT SUPPORTS LEARNING BY INVESTING IN THE KEY PRIORITIES THAT PRESENT THE GREATEST IMPACT AND GROWTH OF OPPORTUNITIES FOR THE STUDENTS WE SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $535,651
Program Service Revenue $0
Investment Income $50,489
Other Revenue $24,980
TOTAL REVENUE $611,120

Expense Breakdown

Grants Paid $487,897
Salaries & Benefits $0
Fundraising Expenses $27,042
Program Expenses $512,918
Other Expenses $117,307
TOTAL EXPENSES $605,204

Year-over-Year Comparison

2024 2023 Change
Revenue $611,120 $488,913 +0.2%
Expenses $605,204 $358,276 +0.7%
Net Income $5,916 $130,637 -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

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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

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
$122,557
Total Directors
14
$122,557
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT BESEMAN PRESIDENT 1.50
Officer Director
$0 $0 $0
MEDLEY SHAMP VICE PRESIDE 1.50
Officer Director
$0 $0 $0
KYLE NYLANDER TREASURER/SE 1.50
Officer Director
$0 $0 $0
CHLOE WESSLER DIRECTOR 1.50
Director
$0 $0 $0
LOREN HAAGENSON DIRECTOR 1.50
Director
$0 $0 $0
JILL BRANDT DIRECTOR 1.50
Director
$0 $0 $0
JOSH ASTRUP DIRECTOR 1.50
Director
$0 $0 $0
MELISSA LAGE DIRECTOR 1.50
Director
$0 $0 $0
SABRINA KEMMER DIRECTOR 1.50
Director
$0 $0 $0
ANTHONY STENSGARD DIRECTOR 1.50
Director
$0 $0 $0
WALLY SENYK DIRECTOR 1.50
Director
$0 $0 $0
MELISSA WATSON DIRECTOR 1.50
Director
$0 $0 $0
LEANN MOUW EXECUTIVE DI N/A
Officer Director
$0 $0 $85,982
MELVIN WHITNEY JR FOUNDATION D N/A
Officer Director
$0 $0 $36,575
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 $611,120 $605,204 $1,205,938 $5,916
2024 $488,913 $358,276 $1,163,118 $130,637
2023 $467,835 $453,819 $1,048,500 $14,016
2022 $522,068 $672,280 $1,015,063 $-150,212
2021 $333,219 $427,953 $1,159,337 $-94,734
2020 $445,522 $587,805 $1,016,549 $-142,283
2019 $520,021 $779,523 $985,742 $-259,502
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