Form 990 for tax year 2023
Filed by METROPOLITAN STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $1,331,916
- Total expenses
- $1,336,539
- Contributions and grants received
- $991,668
- Grants paid
- $1,083,207
- Program service revenue
- $0
- Investment income
- $314,847
- Other revenue
- $25,401
- Total assets, end of year
- $12,019,192
- Total liabilities, end of year
- $30,391
- Net assets or fund balances, end of year
- $11,988,801
- Program services expenses (Part IX)
- $1,115,133
- Management and general expenses
- $162,959
- Fundraising expenses
- $58,447
- Program service expenses (Part III)
- $1,115,133
Program services were 83.4% 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
$49,931
-
1f · All other contributions, gifts and grants
$941,737
-
1g · Noncash contributions included above
$31,516
-
3 · Investment income
total $314,847 · excluded $314,847
-
8a · Fundraising events: contributions included on line 1c
$49,931
-
8b · Fundraising events: direct expenses
$9,935
-
8c · Net income from fundraising events
total -$9,935 · excluded -$9,935
-
10a · Gross sales of inventory
$16
-
10c · Net income from sales of inventory
total $16 · excluded $16
-
11a · Other revenue: ADMIN FEES
total $34,888 · excluded $34,888
-
11b · Other revenue: OTHER REVENUE
total $432 · excluded $432
-
11e · Other revenue, total
$35,320
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $435,172 · program services $435,172
-
2 · Grants to domestic individuals
total $648,035 · program services $648,035
-
11c · Fees: accounting
total $55,213 · management and general $55,213
-
11f · Fees: investment management
total $44,867 · management and general $44,867
-
14 · Information technology
total $51,976 · management and general $51,976
-
23 · Insurance
total $1,493 · management and general $1,493
-
24a · Other expenses: GRANTS AND DEVELOPMENT
total $36,075 · fundraising $36,075
-
24b · Other expenses: DEVELOPMENT STAFF SUPPORT
total $21,384 · program services $21,384
-
24c · Other expenses: MISCELLANEOUS
total $17,669 · management and general $8,835 · fundraising $8,834
-
24d · Other expenses: OTHER ALUMNI ASSOCIATION
total $8,273 · program services $8,273
-
24e · All other expenses
total $16,382 · program services $2,269 · management and general $575 · fundraising $13,538
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $60,621 · end of year $57,583
-
2 · Savings and temporary cash investments
beginning of year $16,113 · end of year $16,596
-
3 · Pledges and grants receivable
beginning of year $635,034 · end of year $334,055
-
9 · Prepaid expenses and deferred charges
beginning of year $55,826 · end of year $67,492
-
11 · Investments: publicly traded securities
beginning of year $10,517,202 · end of year $11,543,466
-
17 · Accounts payable and accrued expenses
beginning of year $108,304 · end of year $30,391
-
18 · Grants payable
beginning of year $6,500
-
19 · Deferred revenue
beginning of year $13,500
-
27 · Net assets without donor restrictions
beginning of year $1,240,561 · end of year $1,397,161
-
28 · Net assets with donor restrictions
beginning of year $9,915,931 · end of year $10,591,640
Mission and programs · 2023
Mission
TO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.
-
TO PROVIDE SUPPORT TO THE VARIOUS UNIVERSITY ACADEMIC PROGRAMS AND SPECIAL INITIATIVES, ENABLING THE FURTHER STRENGTHENING OF THESE PROGRAMS. SIGNIFICANT PROGRAMS DEVELOPED AND ASSISTED WERE THE URBAN EDUCATION PROGRAM, AND THE SAFE FUND PROGRAM, WHICH PROVIDES EMERGENCY FUNDING FOR STUDENT FINANCIAL EMERGENCIES
Expenses $435,172 · Grants $435,172
-
TO PROVIDE SUPPORT TO STUDENTS WITH FINANCIAL NEED THROUGH THE FOUNDATION'S PRIVATELY FUNDED SCHOLARSHIP PROGRAM. APPROXIMATELY 550 SCHOLARSHIPS WERE AWARDED THIS YEAR
Expenses $648,035 · Grants $648,035
-
THE ALUMNI ASSOCIATION IS TO GENERATE MAXIMUM PUBLIC AWARENESS FOR THE UNIVERSITY, TO RECOGNIZE THE ACCOMPLISHMENTS AND CONTRIBUTIONS OF ALUMNI AND FACULTY, INSPIRE PROSPECTIVE STUDENTS TO ATTEND THE UNIVERSITY, COLLABORATE WITH THE UNIVERSITY IN ITS EFFORT TO BUILD RELATIONSHIPS WITH ALUMNI AND CONSTITUENCY, AND HELP STUDENTS FOSTER A LIFELONG RELATIONSHIP WITH THE UNIVERSITY.
Expenses $9,967
-
TO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.
Expenses $21,959
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rachel HughesRACHEL HUGHES
EXECUTIVE DI
- Total calculated
- $148,398
- From this org
- $0
- From related orgs
- $125,286
- Other
- $23,112
- Hours/week
- 40
-
Joseph EllisJOSEPH ELLIS
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeanette AugustsonJEANETTE AUGUSTSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Harpreet AnandHARPREET ANAND
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ochen KaylanOCHEN KAYLAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Zeeshan BaigZEESHAN BAIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Christine BoeseCHRISTINE BOESE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Wendy BrekkenWENDY BREKKEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Robert CarterROBERT CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Tony GagliardoTONY GAGLIARDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Laura HawkinsLAURA HAWKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Ezell JonesEZELL JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Suhanthi KameshSUHANTHI KAMESH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Jay LaughlinJAY LAUGHLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Colin PartridgeCOLIN PARTRIDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Beth RussellBETH RUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
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
-
METROPOLITAN STATE UNIVERSITY
$435,172
UNIVERSITY SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
METROPOLITAN STATE UNIVERSITY
501C3 · EDUCATION · MN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443199349302374
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.