Form 990 for tax year 2022
Filed by MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC.
Totals
- Total revenue
- $4,286,839
- Total expenses
- $5,008,513
- Contributions and grants received
- $2,597,774
- Grants paid
- $1,983,988
- Program service revenue
- $0
- Investment income
- $1,470,229
- Other revenue
- $218,836
- Total assets, end of year
- $57,080,593
- Total liabilities, end of year
- $2,620,920
- Net assets or fund balances, end of year
- $54,459,673
- Program services expenses (Part IX)
- $2,485,386
- Management and general expenses
- $1,625,990
- Fundraising expenses
- $897,137
- Program service expenses (Part III)
- $2,485,386
Program services were 49.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$62,207
-
1f · All other contributions, gifts and grants
$2,535,567
-
1g · Noncash contributions included above
$628,677
-
3 · Investment income
total $2,311,696 · excluded $2,311,696
-
6a · Gross rents
real property $229,243
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $229,243
-
6d · Net rental income or loss
total $229,243 · excluded $229,243
-
7a · Gross sales of assets other than inventory
securities $38,428
-
7b · Less cost or other basis and sales expenses
securities $879,895
-
7c · Gain or loss
securities -$841,467
-
7d · Net gain or loss
total -$841,467 · excluded -$841,467
-
8a · Fundraising events: gross income
$46,304
-
8a · Fundraising events: contributions included on line 1c
$62,207
-
8b · Fundraising events: direct expenses
$62,206
-
8c · Net income from fundraising events
total -$15,902 · excluded -$15,902
-
9a · Gaming: gross income
$5,060
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $5,060 · excluded $5,060
-
11a · Other revenue: OTHER INCOME
total $435 · excluded $435
-
11e · Other revenue, total
$435
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,983,988 · program services $1,983,988
-
5 · Compensation of officers, directors and key employees
total $654,357 · program services $126,291 · management and general $228,043 · fundraising $300,023
-
7 · Other salaries and wages
total $537,315 · program services $100,249 · management and general $194,341 · fundraising $242,725
-
8 · Pension plan contributions
total $84,691 · management and general $31,140 · fundraising $53,551
-
10 · Payroll taxes
total $86,077 · program services $9,726 · management and general $21,614 · fundraising $54,737
-
11a · Fees: management
total $635,920 · management and general $635,920
-
11b · Fees: legal
total $11,004 · management and general $11,004
-
11c · Fees: accounting
total $27,612 · management and general $27,612
-
11f · Fees: investment management
total $335,207 · management and general $335,207
-
11g · Fees: other
total $127,360 · management and general $31,506 · fundraising $95,854
-
14 · Information technology
total $70,472 · program services $4,029 · management and general $45,283 · fundraising $21,160
-
17 · Travel
total $132,612 · program services $17,463 · management and general $18,664 · fundraising $96,485
-
19 · Conferences, conventions and meetings
total $11,392 · program services $605 · management and general $3,719 · fundraising $7,068
-
20 · Interest
total $53,817 · program services $53,817
-
22 · Depreciation, depletion and amortization
total $132,834 · program services $132,834
-
23 · Insurance
total $16,344 · management and general $16,344
-
24a · Other expenses: MISCELLANEOUS
total $32,486 · program services $30,000 · management and general $290 · fundraising $2,196
-
24b · Other expenses: POSTAGE
total $20,794 · program services $136 · management and general $1,417 · fundraising $19,241
-
24c · Other expenses: BOARD EXPENSE
total $20,286 · management and general $20,286
-
24d · Other expenses: BAD DEBT EXPENSE
total $18,445 · program services $18,445
-
24e · All other expenses
total $15,500 · program services $7,803 · management and general $3,600 · fundraising $4,097
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1 · end of year -$3
-
2 · Savings and temporary cash investments
beginning of year $3,909,578 · end of year $2,054,560
-
3 · Pledges and grants receivable
beginning of year $3,702,616 · end of year $3,161,705
-
4 · Accounts receivable
beginning of year $1,175 · end of year $200
-
10a · Land, buildings and equipment: cost or other basis
$4,860,198
-
10b · Land, buildings and equipment: accumulated depreciation
$2,790,118
-
10c · Land, buildings and equipment, net
beginning of year $1,335,216 · end of year $2,070,080
-
11 · Investments: publicly traded securities
beginning of year $43,231,537 · end of year $46,959,833
-
12 · Investments: other securities
beginning of year $2,533,620 · end of year $2,834,218
-
17 · Accounts payable and accrued expenses
beginning of year $108,254 · end of year $122,659
-
23 · Secured mortgages and notes payable
beginning of year $1,879,096 · end of year $1,703,669
-
25 · Other liabilities
beginning of year $683,739 · end of year $794,592
-
27 · Net assets without donor restrictions
beginning of year $4,496,419 · end of year $4,728,932
-
28 · Net assets with donor restrictions
beginning of year $47,546,235 · end of year $49,730,741
Mission and programs · 2022
Mission
WE CREATE OPPORTUNITIES FOR GENERATIONS OF MSUM STUDENTS BY INSPIRING ALUMNI AND FRIENDS TO CONNECT, ENGAGE AND GIVE.
Activities or mission (Part I)
PROVIDE STUDENT SCHOLARSHIPS, DEPARTMENT SUPPORT AND ALUMNI ACTIVITIES FOR MSUM.
-
PROVIDES ACADEMIC SCHOLARSHIP FUNDING TO MINNESOTA STATE UNIVERSITY MOORHEAD. IN 2022-2023, 685 MSUM STUDENTS RECEIVED SCHOLARSHIPS, MANY OF WHOM ARE FIRST GENERATION UNIVERSITY STUDENTS. SCHOLARSHIP FUNDING SUPPORTS RECRUITMENT AND RETENTION OF STUDENTS. IT ALSO INCLUDES SCHOLARSHIPS TO STUDENT ATHLETES AS PART OF THEIR TOTAL AWARD PACKAGE FROM THE UNIVERSITY. FUNDRAISING FOR SCHOLARSHIPS IS A PRIORITY FOR THE FOUNDATION.
Expenses $1,625,793 · Grants $1,625,793
-
PROVIDES FUNDING TO MINNESOTA STATE UNIVERSITY MOORHEAD TO ENHANCE AND SUPPORT IT'S MISSION FOR ACADEMIC EXCELLENCE. FUNDING TO ACADEMIC DEPARTMENTS INCLUDES STUDENT RESEARCH PRESENTATION TRAVEL, NEW RIVERS PRESS, STUDENT AWARDS, FACULTY RESEARCH, DILLE FUND FOR EXCELLENCE, GLASRUD LECTURE SERIES, MARCIL CENTER FOR JOURNALISM PLUS MANY MORE. COMMUNITY OUTREACH PROGRAMS INCLUDES THE PERFORMING ARTS SERIES AND THE STRAW HAT PLAYERS STUDENT THEATRE.
Expenses $358,195 · Grants $358,195
-
PROVIDES FUNDING AND ACTIVITIES TO DEVELOP STRONG, ONGOING RELATIONSHIPS WITH MSUM ALUMNI AND FRIENDS INCLUDING HOMECOMING, VARIOUS COMMUNICATION TOOLS, REUNIONS AND OTHER ALUMNI FUNCTIONS AND EVENTS.
Expenses $501,398
As filed on the 2022 return.
Listed in Part VII
-
Jan MahoneyJAN MAHONEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Adam BernierADAM BERNIER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2.5
-
Ron GrahamRON GRAHAM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tim SaylerTIM SAYLER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Brad WimmerBRAD WIMMER
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Tara BaltesTARA BALTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stacy BromanSTACY BROMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter BolognaPETER BOLOGNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeannie CamarilloJEANNIE CAMARILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ellen CaseELLEN CASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Leah ClemedtsonLEAH CLEMEDTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brad ShamlaBRAD SHAMLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dayna Del ValDAYNA DEL VAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tanya DickinsonTANYA DICKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian FrenchBRIAN FRENCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Judd GrahamJUDD GRAHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jenni HuotariJENNI HUOTARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kerstin KealyKERSTIN KEALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Janet LessemJANET LESSEM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory LofGREGORY LOF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peter GeibPETER GEIB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lisa GieseLISA GIESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tonya StendeTONYA STENDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Corey WaltherCOREY WALTHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gary HaugoGARY HAUGO
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
Jared MillerJARED MILLER
MANAGING DIRECTOR OF PRINCIPAL
- Total calculated
- $163,822
- From this org
- $145,327
- From related orgs
- $0
- Other
- $18,495
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,327
- Bonus
- $0
- Other
- $0
- Deferred
- $7,195
- Nontaxable benefits
- $11,300
- Filer's total
- $163,822
-
Nannette BoeNANNETTE BOE
DIRECTOR OF FINANCE AND AD
- Total calculated
- $131,947
- From this org
- $114,970
- From related orgs
- $0
- Other
- $16,977
- Hours/week
- 40
-
Jenni WalthallJENNI WALTHALL
SENIOR DIRECTOR OF DEVELOP
- Total calculated
- $119,916
- From this org
- $103,511
- From related orgs
- $0
- Other
- $16,405
- Hours/week
- 40
-
Cody JangulaCODY JANGULA
DIRECTOR OF DEVELOPMENT
- Total calculated
- $125,395
- From this org
- $108,900
- From related orgs
- $0
- Other
- $16,495
- Hours/week
- 40
-
Jason HerbersJASON HERBERS
DIRECTOR OF DEVELOPMENT - ATHLETICS
- Total calculated
- $113,277
- From this org
- $101,977
- From related orgs
- $0
- Other
- $11,300
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
MINNESOTA STATE UNIVERSITY MOORHEAD
$1,983,988
TO ASSIST THE UNIVERSITY IN AWARDS FOR STUDENT SCHOLARSHIPS, DEPARTMENTAL SUPPORT, FACULTY SUPPORT AND PROMOTING UNIVERSITY PROGRAMS.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349302631
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