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Nonprofiteer
← MSU BEAVER BOOSTERS INC

Form 990 for tax year 2023

Filed by MSU BEAVER BOOSTERS INC.

Totals

Total revenue
$1,259,776
Total expenses
$924,121
Contributions and grants received
$178,479
Grants paid
$769,000
Program service revenue
$0
Investment income
$25,667
Other revenue
$1,055,630
Total assets, end of year
$1,211,885
Total liabilities, end of year
$85,755
Net assets or fund balances, end of year
$1,126,130
Program services expenses (Part IX)
$919,850
Management and general expenses
$4,271
Fundraising expenses
$0
Program service expenses (Part III)
$919,850

Program services were 99.5% 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.

  • 1f · All other contributions, gifts and grants

    $178,479

  • 3 · Investment income

    total $25,667 · excluded $25,667

  • 6a · Gross rents

    real property $2,437

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,437

  • 6d · Net rental income or loss

    total $2,437 · related or exempt $2,437

  • 8a · Fundraising events: gross income

    $100,951

  • 8b · Fundraising events: direct expenses

    $41,004

  • 8c · Net income from fundraising events

    total $59,947 · excluded $59,947

  • 9a · Gaming: gross income

    $2,412,668

  • 9b · Gaming: direct expenses

    $1,419,422

  • 9c · Net income from gaming

    total $993,246 · excluded $993,246

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $769,000 · program services $769,000

  • 7 · Other salaries and wages

    total $65,483 · program services $65,483

  • 9 · Other employee benefits

    total $19,808 · program services $19,808

  • 10 · Payroll taxes

    total $5,010 · program services $5,010

  • 11c · Fees: accounting

    total $1,700 · management and general $1,700

  • 13 · Office expenses

    total $6,500 · program services $6,500

  • 19 · Conferences, conventions and meetings

    total $11,590 · program services $11,590

  • 22 · Depreciation, depletion and amortization

    total $2,236 · management and general $2,236

  • 24a · Other expenses: MEMBERSHIPS AND DONATIO

    total $21,268 · program services $21,268

  • 24b · Other expenses: AWARDS, REWARDS, PRIZES

    total $11,000 · program services $11,000

  • 24c · Other expenses: OTHER EXPENSES

    total $5,500 · program services $5,500

  • 24d · Other expenses: LICENSE AND TAXES

    total $3,403 · program services $3,403

  • 24e · All other expenses

    total $1,623 · program services $1,288 · management and general $335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424,971 · end of year $649,377

  • 2 · Savings and temporary cash investments

    beginning of year $98,932 · end of year $99,179

  • 4 · Accounts receivable

    beginning of year $133,498 · end of year $145,772

  • 8 · Inventories for sale or use

    beginning of year $573 · end of year $1,628

  • 15 · Other assets

    beginning of year $216,943 · end of year $315,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,442 · end of year $85,755

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $790,475 · end of year $1,126,130

Mission and programs · 2023

Mission

THE BEAVER BOOSTER CLUB PROVIDES FUNDS TO SUPPORT ATHLETIC SCHOLARSHIPS FOR STUDENTS WHO HAVE DISTINGUISHED THEMSELVES IN COMPETITION AND THE CLASSROOM.

Activities or mission (Part I)

TO HELP SUPPORT AND PROMOTE ATHLETICS AT MINOT STATE UNIVERSITY.

  • ATHLETIC SCHOLARSHIPS TO FULL-TIME STUDENTS OF MINOT STATE UNIVERSITY

    Expenses $919,850 · Grants $769,000

As filed on the 2023 return.

Listed in Part VII

  • Dave Forthun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kim Albert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Logan Gunderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Cameron Stone

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Cole Stober

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Steve Dangel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jeremy Feller

    DEVELOPMENT OFFICER

    Total calculated
    $0
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202501279349303115

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