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← UND ALUMNI ASSOCIATION AND FOUNDATION

Form 990 for tax year 2024

Filed by UND ALUMNI ASSOCIATION AND FOUNDATION.

Totals

Total revenue
$42,421,576
Total expenses
$27,323,648
Contributions and grants received
$25,154,471
Grants paid
$15,625,089
Program service revenue
$5,132,345
Investment income
$11,091,662
Other revenue
$1,043,098
Total assets, end of year
$669,818,695
Total liabilities, end of year
$107,962,142
Net assets or fund balances, end of year
$561,856,553
Program services expenses (Part IX)
$19,191,228
Management and general expenses
$5,756,092
Fundraising expenses
$2,376,328
Program service expenses (Part III)
$19,191,228

Program services were 70.2% 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

    $1,818,931

  • 1c · Fundraising events

    $31,875

  • 1f · All other contributions, gifts and grants

    $23,303,665

  • 1g · Noncash contributions included above

    $5,566,336

  • 2a · Program service revenue: University Support

    total $5,132,345 · related or exempt $5,132,345

  • 3 · Investment income

    total $11,139,766 · unrelated business $136,264 · excluded $11,003,502

  • 5 · Royalties

    total $422,556 · excluded $422,556

  • 6a · Gross rents

    real property $597,327

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $597,327

  • 6d · Net rental income or loss

    total $597,327 · excluded $597,327

  • 7a · Gross sales of assets other than inventory

    securities $7,723,403

  • 7b · Less cost or other basis and sales expenses

    securities $7,675,820 · other assets $95,687

  • 7c · Gain or loss

    securities $47,583 · other assets -$95,687

  • 7d · Net gain or loss

    total -$48,104 · excluded -$48,104

  • 8a · Fundraising events: gross income

    $41,517

  • 8a · Fundraising events: contributions included on line 1c

    $31,875

  • 8b · Fundraising events: direct expenses

    $56,539

  • 8c · Net income from fundraising events

    total -$15,022 · excluded -$15,022

  • 9a · Gaming: gross income

    $790

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $790 · excluded $790

  • 11a · Other revenue: Advertising

    total $25,740 · unrelated business $25,740

  • 11b · Other revenue: Alumni Tours

    total $11,198 · unrelated business $11,198

  • 11c · Other revenue: Working Interests in Oil and Gas

    total $509 · unrelated business $509

  • 11e · Other revenue, total

    $37,447

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,625,089 · program services $15,625,089

  • 5 · Compensation of officers, directors and key employees

    total $725,644 · program services $181,411 · management and general $246,650 · fundraising $297,583

  • 7 · Other salaries and wages

    total $2,449,427 · program services $569,164 · management and general $753,228 · fundraising $1,127,035

  • 8 · Pension plan contributions

    total $251,272 · program services $58,333 · management and general $76,380 · fundraising $116,559

  • 9 · Other employee benefits

    total $390,715 · program services $91,791 · management and general $121,057 · fundraising $177,867

  • 10 · Payroll taxes

    total $209,129 · program services $49,347 · management and general $65,599 · fundraising $94,183

  • 11c · Fees: accounting

    total $51,980 · management and general $51,980

  • 11e · Fees: professional fundraising services

    total $12,409 · fundraising $12,409

  • 11f · Fees: investment management

    total $3,762,064 · management and general $3,762,064

  • 11g · Fees: other

    total $1,028,233 · program services $910,187 · management and general $98,134 · fundraising $19,912

  • 12 · Advertising and promotion

    total $45,741 · program services $21,448 · fundraising $24,293

  • 13 · Office expenses

    total $449,966 · program services $296,353 · management and general $1,862 · fundraising $151,751

  • 14 · Information technology

    total $280,414 · program services $10,540 · management and general $265,615 · fundraising $4,259

  • 17 · Travel

    total $151,559 · program services $10,637 · management and general $1,537 · fundraising $139,385

  • 19 · Conferences, conventions and meetings

    total $228,282 · program services $115,764 · management and general $2,527 · fundraising $109,991

  • 20 · Interest

    total $1,163,879 · program services $1,163,879

  • 22 · Depreciation, depletion and amortization

    total $163,137 · program services $16,314 · management and general $114,196 · fundraising $32,627

  • 23 · Insurance

    total $29,824 · program services $4,428 · management and general $25,396

  • 24a · Other expenses: Gorecki Building

    total $123,658 · management and general $123,658

  • 24b · Other expenses: Gorecki Events

    total $19,118 · management and general $19,118

  • 24e · All other expenses

    total $162,108 · program services $66,543 · management and general $27,091 · fundraising $68,474

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,997,616 · end of year $22,154,086

  • 3 · Pledges and grants receivable

    beginning of year $65,053,000 · end of year $68,856,009

  • 4 · Accounts receivable

    beginning of year $5,935,973 · end of year $42,497,523

  • 7 · Other notes and loans receivable

    beginning of year $18,783 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,120 · end of year $1,600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $381,858 · end of year $382,673

  • 10a · Land, buildings and equipment: cost or other basis

    $30,899,309

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,859,205

  • 10c · Land, buildings and equipment, net

    beginning of year $23,819,117 · end of year $26,040,104

  • 11 · Investments: publicly traded securities

    beginning of year $368,580,582 · end of year $388,303,571

  • 12 · Investments: other securities

    beginning of year $78,817,070 · end of year $78,958,170

  • 15 · Other assets

    beginning of year $44,043,418 · end of year $42,624,959

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,985,166 · end of year $2,129,014

  • 19 · Deferred revenue

    beginning of year $2,870,531 · end of year $2,346,625

  • 20 · Tax-exempt bond liabilities

    beginning of year $24,862,484 · end of year $47,901,613

  • 21 · Escrow or custodial account liability

    beginning of year $22,567,210 · end of year $23,268,824

  • 23 · Secured mortgages and notes payable

    beginning of year $3,885,011 · end of year $9,164,419

  • 25 · Other liabilities

    beginning of year $15,944,948 · end of year $23,151,647

  • 27 · Net assets without donor restrictions

    beginning of year $83,400,147 · end of year $84,148,922

  • 28 · Net assets with donor restrictions

    beginning of year $450,134,040 · end of year $477,707,631

Mission and programs · 2024

Mission

Engage alumni, friends, and partners in building an extraordinary University of North Dakota.

Activities or mission (Part I)

Support UND students, faculty, alumni & community by providing resources for growth & development

  • Student support continues to be a cornerstone of our mission. The Organization prioritized student success by granting more than $6 million to the University of North Dakota for scholarship awards. A central focus of our strategy is to grow scholarship endowments, ensuring long-term, sustainable funding that empowers the University to recruit and retain top-performing students.

    Expenses $6,152,199 · Grants $6,152,199

  • The Organization provided more than $9 million in direct and indirect support to advance key institutional initiatives. This support included faculty support, campus improvement projects, student programs, and the University's emerging and priority needs.

    Expenses $11,683,385 · Grants $8,117,246 · Revenue $5,132,345

  • The Organization provided more than $1.3 million in Alumni Association support to the University of North Dakota. This funding advanced a wide range of initiatives designed to engage and connect UND graduates with their alma mater through events such as Homecoming, regional and national networking events, publication of the UND Alumni Magazine and ongoing alumni programming and outreach.

    Expenses $1,355,644 · Grants $1,355,644

As filed on the 2024 return.

Listed in Part VII

  • Jim Poolman

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Darla Adams

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Angie Freeman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Hamerlik

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chad Wachter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Troy Bader

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Barnes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Twyla Blotsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Caruso

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher Cooper

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kaleb Dschaak

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Fredericksen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Randy Gershman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael LeBeau

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles MacFarlane

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lara Prozinski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jodi Rolland

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pat Sogard

    Director

    Total calculated
    $0
    Hours/week
    1

  • David St Peter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Uhrich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Petersen

    Director (As of July 24)

    Total calculated
    $0
    Hours/week
    1

  • DeAnna Carlson Zink

    CEO/Secretary

    Total calculated
    $463,354
    From this org
    $408,046
    From related orgs
    $0
    Other
    $55,308
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $408,046
    Bonus
    $0
    Other
    $0
    Deferred
    $41,107
    Nontaxable benefits
    $15,534
    Filer's total
    $464,687

  • Nancy Pederson - VP

    of Finance and Operations

    Total calculated
    $259,902
    From this org
    $220,463
    From related orgs
    $0
    Other
    $39,439
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $220,463
    Bonus
    $0
    Other
    $0
    Deferred
    $27,135
    Nontaxable benefits
    $13,358
    Filer's total
    $260,956

  • Michael Mannausau

    VP of Development

    Total calculated
    $244,837
    From this org
    $207,320
    From related orgs
    $0
    Other
    $37,517
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,320
    Bonus
    $0
    Other
    $0
    Deferred
    $25,231
    Nontaxable benefits
    $13,325
    Filer's total
    $245,876

  • Sarah Prout

    VP of Marketing & Communications

    Total calculated
    $180,249
    From this org
    $143,232
    From related orgs
    $0
    Other
    $37,017
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,232
    Bonus
    $0
    Other
    $0
    Deferred
    $17,256
    Nontaxable benefits
    $20,542
    Filer's total
    $181,030

  • Renee Shelton - AVP of

    Corporate & Foundation Relations

    Total calculated
    $158,662
    From this org
    $140,330
    From related orgs
    $0
    Other
    $18,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,330
    Bonus
    $0
    Other
    $0
    Deferred
    $9,685
    Nontaxable benefits
    $8,313
    Filer's total
    $158,328

  • Linsey Stadstad

    VP of Talent Management

    Total calculated
    $150,774
    From this org
    $127,836
    From related orgs
    $0
    Other
    $22,938
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $127,836
    Bonus
    $0
    Other
    $0
    Deferred
    $10,634
    Nontaxable benefits
    $12,986
    Filer's total
    $151,456

  • Jeffery Dodson - SR Director

    of Principal Gifts & SoMHS

    Total calculated
    $147,698
    From this org
    $124,757
    From related orgs
    $0
    Other
    $22,941
    Hours/week
    50

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

Part I, Line 1a
The CEO has a discretionary $50,000 to be used for business purposes for program enhancements at the University and Organization. An accounting of these expenditures, including the business purpose, is reviewed by the board of directors.

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

  • University of North Dakota-Athletics

    $6,030,347

    Scholarship, grants and operating support.

  • University of North Dakota-Other

    $2,724,235

    Scholarship, grants and operating support.

  • University of North Dakota-College of Business & Public Admin

    $1,825,057

    Scholarship, grants and operating support.

  • University of North Dakota-Medicine & Health Sciences

    $1,694,070

    Scholarship, grants and operating support.

  • University of North Dakota-School of Engineering & Mines

    $1,148,399

    Scholarship, grants and operating support.

  • University of North Dakota-Arts & Sciences

    $794,958

    Scholarship, grants and operating support.

  • University of North Dakota-Aerospace Sciences

    $635,651

    Scholarship, grants and operating support.

  • University of North Dakota-Law School

    $311,119

    Scholarship, grants and operating support.

  • University of North Dakota-Education & Human Development

    $251,529

    Scholarship, grants and operating support.

  • University of North Dakota-Nursing & Professional Disciplines

    $209,724

    Scholarship, grants and operating support.

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related corporations and trusts

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

  • Charitable Remainder Unitrusts (58)

    T · Charitable Trust · ND

  • Charitable Remainder Annuity Trusts (3)

    T · Charitable Trust · ND

  • Charitable Lead Trust (1)

    T · Charitable Trust · ND

  • Charitable Perpetual Trusts (9)

    T · Charitable Trust · ND

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543149349303209

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