SOUTH DAKOTA STATE UNIVERSITY FOUNDATION

EIN: 460273801 501(c)(3) Education

BROOKINGS, SD

Total Revenue
$73,265,294
Total Expenses
$62,013,343
Total Assets
$411,928,607
Net Assets
$399,740,891
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
SD
Principal Officer
STEVE ERPENBACH
Phone
6056977475
Tax Period
2024-01-01 to 2024-12-31

SOUTH DAKOTA STATE UNIVERSITY FOUNDATION, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $48.2M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $179.6M represent 45 months of operating reserves.

Mission

UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,080,109
Program Service Revenue $2,700,841
Investment Income $11,514,688
Other Revenue $969,656
TOTAL REVENUE $73,265,294

Expense Breakdown

Grants Paid $51,992,117
Salaries & Benefits $5,472,601
Fundraising Expenses $4,652,021
Program Expenses $51,992,117
Other Expenses $4,548,625
TOTAL EXPENSES $62,013,343

Year-over-Year Comparison

2024 2023 Change
Revenue $73,265,294 $63,664,809 +0.2%
Expenses $62,013,343 $68,418,903 -0.1%
Net Income $11,251,951 $-4,754,094 -3.4%
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

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
59
Volunteers
100

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
4
$584,589
Total Directors
13
$0
Key Employees
1
$250,123
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC MOONEY CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN TETZLAFF CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
ERICA DEBOER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN AAMLID BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERTA OLSON BOARD MEMBER 1.00
Director
$0 $0 $0
RITA EDWARDS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK WAHLSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN LEDDY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE MCCARVILLE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE SCHAEFER BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE ERPENBACH PRESIDENT/CEO 55.00
Officer
$270,941 $64,663 $335,604
TIM DWIRE VP FOR FINANCE & OPERATIONS 55.00
Officer
$197,916 $51,069 $248,985
KEITH MAHLUM VP FOR DEVELOPMENT 55.00
Key Emp
$190,375 $59,748 $250,123
MICHAEL BIRGEN ASSOC VP FOR PHILANTHROPY 55.00
Highest
$128,418 $23,882 $152,300
RINA REYNOLDS ASSOC VP FOR PHILANTHROPY 55.00
Highest
$130,353 $11,667 $142,020
KELI BOOKS ASSOC VP FOR PHILANTHROPY 55.00
Highest
$113,000 $9,040 $122,040
NED GAVLICK ASSOC VP FOR GIFT PLANNING 55.00
Highest
$125,408 $18,749 $144,157
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 $73,265,294 $62,013,343 $411,928,607 $11,251,951
2023 $63,664,809 $68,418,903 $389,380,417 $-4,754,094
2022 $86,766,590 $31,153,517 $374,742,480 $55,613,073
2021 $85,922,065 $28,523,415 $348,997,172 $57,398,650
2020 $54,798,337 $34,303,687 $287,960,105 $20,494,650
2019 $57,978,864 $28,052,053 $252,841,362 $29,926,811
2018 $48,237,366 $46,907,490 $221,617,904 $1,329,876
Explore More Nonprofits
Top 100 Nonprofits in South Dakota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SOUTH DAKOTA STATE UNIVERSITY FOUNDATION with other nonprofits in South Dakota and across the country.