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Nonprofiteer
← NORTH DAKOTA STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by NORTH DAKOTA STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$102,362,441
Total expenses
$52,535,207
Contributions and grants received
$65,520,128
Grants paid
$38,240,320
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$40,542,481
Management and general expenses
$7,121,668
Fundraising expenses
$4,871,058
Program service expenses (Part III)
$40,542,481

Program services were 77.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John R Glover

    President & CEO

    Total calculated
    $471,045
    From this org
    $407,231
    From related orgs
    $0
    Other
    $63,814
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $373,627
    Bonus
    $25,000
    Other
    $8,604
    Deferred
    $37,657
    Nontaxable benefits
    $26,825
    Filer's total
    $471,713

  • Allyson Peterson

    Sr. VP of Finance & Operation/CFO

    Total calculated
    $260,558
    From this org
    $212,337
    From related orgs
    $0
    Other
    $48,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,787
    Bonus
    $0
    Other
    $550
    Deferred
    $21,860
    Nontaxable benefits
    $27,028
    Filer's total
    $261,225

  • Monique Anderson

    Sr. VP of Principal Giving

    Total calculated
    $244,835
    From this org
    $191,269
    From related orgs
    $0
    Other
    $53,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,369
    Bonus
    $0
    Other
    $900
    Deferred
    $19,011
    Nontaxable benefits
    $35,222
    Filer's total
    $245,502

  • Justin Swanson

    VP of Major Giving

    Total calculated
    $200,170
    From this org
    $158,603
    From related orgs
    $0
    Other
    $41,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,703
    Bonus
    $0
    Other
    $900
    Deferred
    $15,947
    Nontaxable benefits
    $26,287
    Filer's total
    $200,837

  • Gail Dancer

    VP of Information Services

    Total calculated
    $197,615
    From this org
    $157,151
    From related orgs
    $0
    Other
    $40,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,551
    Bonus
    $0
    Other
    $600
    Deferred
    $15,655
    Nontaxable benefits
    $25,468
    Filer's total
    $198,274

  • Bethany Hardwig

    VP of Alumni & Donor Connections

    Total calculated
    $185,754
    From this org
    $150,869
    From related orgs
    $0
    Other
    $34,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,969
    Bonus
    $0
    Other
    $900
    Deferred
    $13,738
    Nontaxable benefits
    $21,815
    Filer's total
    $186,422

  • Lisa Otterson

    Managing Director of Development

    Total calculated
    $183,911
    From this org
    $136,106
    From related orgs
    $0
    Other
    $47,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,206
    Bonus
    $0
    Other
    $900
    Deferred
    $13,105
    Nontaxable benefits
    $35,278
    Filer's total
    $184,489

  • Stacey Ackerman Board Chair

    (Jan-June)/Board member (July-Dec)

    Total calculated
    $0
    Hours/week
    2.5

  • Dave Goodin Vice Chair

    (Jan-Jun)/Chair (July-Dec)

    Total calculated
    $0
    Hours/week
    2.5

  • Keith Peltier Secretary

    (Jan-June)/Vice Chair (July-Dec)

    Total calculated
    $0
    Hours/week
    2.5

  • Mike Vipond

    Treasurer

    Total calculated
    $0
    Hours/week
    2.5

  • Kevin Wolf Board Member

    (Jan-June)/Secretary (July-Dec)

    Total calculated
    $0
    Hours/week
    2.5

  • Dave Olig

    Board Member

    Total calculated
    $0
    Hours/week
    2.5

  • Neal Fisher

    Board Member

    Total calculated
    $0
    Hours/week
    2.5

  • Dave Maring

    Board Member (Jan-June)

    Total calculated
    $0
    Hours/week
    2.5

  • Chuck Ulmer

    Board Member

    Total calculated
    $0
    Hours/week
    2.5

  • Hugh McDonald

    Board Member (Jan-June)

    Total calculated
    $0
    Hours/week
    2.5

  • Bob Challey

    Board Member

    Total calculated
    $0
    Hours/week
    2.5

  • Jo Burdick

    Board Member (July-Dec)

    Total calculated
    $0
    Hours/week
    2.5

  • Dave Clouston

    Board Member (July-Dec)

    Total calculated
    $0
    Hours/week
    2.5

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • Fossum Foundation Inc

    501(c)(3) · Supporting Organization · ND · controlled entity

    Directly controlled by North Dakota State University Foundation

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Pathway Ventures LLC

    Student Venture Capital · ND · income $0 · assets $0

    Directly controlled by North Dakota State University Foundation

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Unitrusts (23)

    T · Charitable Trust · ND · controlled entity

  • Charitable Remainder Annuity Trust (1)

    T · Charitable Trust · ND · controlled entity

  • Perpetual Trusts (2)

    T · Charitable Trust · MN · controlled entity

  • Perpetual Trust (1)

    T · Charitable Trust · ND

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202503189349311120

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