Form 990 for tax year 2024
Filed by VALLEY CITY STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $6,875,294
- Total expenses
- $3,979,222
- Contributions and grants received
- $4,480,382
- Grants paid
- $3,221,664
- Program service revenue
- $0
- Investment income
- $2,317,332
- Other revenue
- $77,580
- Total assets, end of year
- $32,845,201
- Total liabilities, end of year
- $2,518,201
- Net assets or fund balances, end of year
- $30,327,000
- Program services expenses (Part IX)
- $3,221,664
- Management and general expenses
- $478,136
- Fundraising expenses
- $279,422
- Program service expenses (Part III)
- $3,221,664
Program services were 81.0% 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.
-
1b · Membership dues
$161,367
-
1c · Fundraising events
$322,489
-
1d · Related organizations
$355,183
-
1e · Government grants (contributions)
$62,888
-
1f · All other contributions, gifts and grants
$3,578,455
-
1g · Noncash contributions included above
$1,719,183
-
3 · Investment income
total $1,955,449 · related or exempt $1,955,449
-
5 · Royalties
total $4,534 · related or exempt $4,534
-
6a · Gross rents
real property $73,046
-
6c · Rental income or loss
real property $73,046
-
6d · Net rental income or loss
total $73,046 · unrelated business $73,046
-
7a · Gross sales of assets other than inventory
securities $981,666
-
7b · Less cost or other basis and sales expenses
securities $619,783
-
7c · Gain or loss
securities $361,883
-
7d · Net gain or loss
total $361,883 · related or exempt $361,883
-
8a · Fundraising events: contributions included on line 1c
$322,489
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,221,664 · program services $3,221,664
-
7 · Other salaries and wages
total $354,312 · management and general $194,872 · fundraising $159,440
-
11c · Fees: accounting
total $48,686 · management and general $48,686
-
11g · Fees: other
total $6,059 · management and general $6,059
-
12 · Advertising and promotion
total $20,127 · management and general $8,621 · fundraising $11,506
-
13 · Office expenses
total $195,085 · management and general $149,586 · fundraising $45,499
-
17 · Travel
total $5,405 · management and general $5,405
-
20 · Interest
total $44,112 · management and general $31,694 · fundraising $12,418
-
23 · Insurance
total $6,260 · management and general $6,260
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $3,302 · management and general $3,302
-
24b · Other expenses: DIRECT BENEFIT TO DONOR COST
total $41,499 · fundraising $41,499
-
24c · Other expenses: AWARDS AND GIFTS
total $8,500 · management and general $4,271 · fundraising $4,229
-
24d · Other expenses: UBI TAXES
total $17,320 · management and general $17,320
-
24e · All other expenses
total $6,891 · management and general $2,060 · fundraising $4,831
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,443 · end of year $47,883
-
2 · Savings and temporary cash investments
beginning of year $1,809,396 · end of year $3,874,264
-
3 · Pledges and grants receivable
beginning of year $9,308,150 · end of year $7,940,184
-
4 · Accounts receivable
end of year $73,046
-
9 · Prepaid expenses and deferred charges
beginning of year $16,064 · end of year $18,259
-
10a · Land, buildings and equipment: cost or other basis
$1,401,557
-
10b · Land, buildings and equipment: accumulated depreciation
$37,557
-
10c · Land, buildings and equipment, net
beginning of year $17,525 · end of year $1,364,000
-
11 · Investments: publicly traded securities
beginning of year $16,303,947 · end of year $19,520,265
-
13 · Investments: program-related
beginning of year $7,300 · end of year $7,300
-
17 · Accounts payable and accrued expenses
beginning of year $17,525 · end of year $2,190
-
21 · Escrow or custodial account liability
end of year $1,395,933
-
23 · Secured mortgages and notes payable
end of year $211,439
-
25 · Other liabilities
beginning of year $51,372 · end of year $908,639
-
27 · Net assets without donor restrictions
beginning of year -$69,314 · end of year $30,327,000
-
28 · Net assets with donor restrictions
beginning of year $27,500,242
Mission and programs · 2024
Mission
Valley City State University Foundation aids in the advancement of Valley City State University by awarding scholarships and by promoting the University. Support comes primarily from contributions by individuals and businesses, fundraising events, and investment income.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $1,799,799 · Grants $1,799,799
-
Funding was provided for construction projects on the Valley City State University campus. The projects include the construction of a new athletic facility and the refurbishing of an old building on campus.
Expenses $1,270,821 · Grants $1,270,821
-
Contributions were given to Valley City State University to fund activities and certain athletics
Expenses $151,044 · Grants $151,044
As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Ken Astrup
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kirsten Baesler
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bob Bergan
Director
- Total calculated
- $0
- Hours/week
- 2
-
DuWayne Bott
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joe Deutsch
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Finstad
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gigi Goven
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dee Jensen
Director
- Total calculated
- $0
- Hours/week
- 2
-
Josh Kasowski
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ryan Leroux
Director
- Total calculated
- $0
- Hours/week
- 2
-
Karsten Melgaard
Director
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie Ness
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Richman
Director
- Total calculated
- $0
- Hours/week
- 2
-
Paul Sandness
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Nathan
President
- Total calculated
- $0
- Hours/week
- 10
-
Matt Pedersen
Vice President
- Total calculated
- $0
- Hours/week
- 10
-
Dave Bass
Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Liz Ryerson
Treasurer
- Total calculated
- $0
- Hours/week
- 10
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
-
$510,825
Scholarships other University suppor
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.
-
170b1A · Public University · ND
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523009349300722
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