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← UND ALUMNI ASSOCIATION AND FOUNDATION

Form 990 for tax year 2023

Filed by UND ALUMNI ASSOCIATION AND FOUNDATION.

Totals

Total revenue
$98,390,883
Total expenses
$52,861,159
Contributions and grants received
$73,739,216
Grants paid
$32,512,896
Program service revenue
$9,019,976
Investment income
$13,995,892
Other revenue
$1,635,799
Total assets, end of year
$610,649,537
Total liabilities, end of year
$77,115,350
Net assets or fund balances, end of year
$533,534,187
Program services expenses (Part IX)
$37,682,866
Management and general expenses
$10,606,444
Fundraising expenses
$4,571,849
Program service expenses (Part III)
$37,682,866

Program services were 71.3% 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

    $3,549,918

  • 1c · Fundraising events

    $462,013

  • 1e · Government grants (contributions)

    $6,200,000

  • 1f · All other contributions, gifts and grants

    $63,527,285

  • 1g · Noncash contributions included above

    $6,482,200

  • 2a · Program service revenue: University Support

    total $9,019,976 · related or exempt $9,019,976

  • 3 · Investment income

    total $12,664,620 · unrelated business $262,681 · excluded $12,401,939

  • 5 · Royalties

    total $1,434,989 · excluded $1,434,989

  • 6a · Gross rents

    real property $297,451

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $297,451

  • 6d · Net rental income or loss

    total $297,451 · excluded $297,451

  • 7a · Gross sales of assets other than inventory

    securities $53,735,359 · other assets $2,816,432

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

    securities $53,550,519 · other assets $1,670,000

  • 7c · Gain or loss

    securities $184,840 · other assets $1,146,432

  • 7d · Net gain or loss

    total $1,331,272 · excluded $1,331,272

  • 8a · Fundraising events: gross income

    $161,183

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

    $462,013

  • 8b · Fundraising events: direct expenses

    $323,724

  • 8c · Net income from fundraising events

    total -$162,541 · excluded -$162,541

  • 9a · Gaming: gross income

    $15,130

  • 9b · Gaming: direct expenses

    $1,142

  • 9c · Net income from gaming

    total $13,988 · excluded $13,988

  • 10a · Gross sales of inventory

    $1,138

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,138 · unrelated business $1,138

  • 11a · Other revenue: Advertising

    total $42,010 · unrelated business $42,010

  • 11b · Other revenue: Alumni Tours

    total $6,654 · unrelated business $6,654

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

    total $2,110 · unrelated business $2,110

  • 11e · Other revenue, total

    $50,774

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,512,896 · program services $32,512,896

  • 5 · Compensation of officers, directors and key employees

    total $707,050 · program services $154,565 · management and general $264,733 · fundraising $287,752

  • 7 · Other salaries and wages

    total $5,182,958 · program services $1,183,853 · management and general $1,512,932 · fundraising $2,486,173

  • 8 · Pension plan contributions

    total $484,531 · program services $110,598 · management and general $140,751 · fundraising $233,182

  • 9 · Other employee benefits

    total $697,176 · program services $158,609 · management and general $206,954 · fundraising $331,613

  • 10 · Payroll taxes

    total $409,032 · program services $92,986 · management and general $122,933 · fundraising $193,113

  • 11c · Fees: accounting

    total $59,373 · management and general $59,373

  • 11e · Fees: professional fundraising services

    total $30,305 · fundraising $30,305

  • 11f · Fees: investment management

    total $6,952,526 · management and general $6,952,526

  • 11g · Fees: other

    total $2,011,314 · program services $1,812,070 · management and general $147,227 · fundraising $52,017

  • 12 · Advertising and promotion

    total $82,663 · program services $34,211 · management and general $161 · fundraising $48,291

  • 13 · Office expenses

    total $567,015 · program services $454,310 · management and general $5,711 · fundraising $106,994

  • 14 · Information technology

    total $498,735 · program services $16,816 · management and general $473,767 · fundraising $8,152

  • 17 · Travel

    total $356,727 · program services $29,601 · management and general $707 · fundraising $326,419

  • 19 · Conferences, conventions and meetings

    total $429,048 · program services $157,053 · management and general $3,549 · fundraising $268,446

  • 20 · Interest

    total $814,973 · program services $794,171 · management and general $20,802

  • 22 · Depreciation, depletion and amortization

    total $333,753 · program services $33,375 · management and general $233,627 · fundraising $66,751

  • 23 · Insurance

    total $52,616 · program services $5,078 · management and general $47,538

  • 24a · Other expenses: Gorecki Building

    total $267,820 · management and general $267,820

  • 24b · Other expenses: Gorecki Events

    total $47,057 · management and general $47,057

  • 24e · All other expenses

    total $363,591 · program services $132,674 · management and general $98,276 · fundraising $132,641

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,582,871 · end of year $23,997,616

  • 3 · Pledges and grants receivable

    beginning of year $32,924,005 · end of year $35,053,000

  • 4 · Accounts receivable

    beginning of year $3,198,277 · end of year $35,935,973

  • 7 · Other notes and loans receivable

    beginning of year $24,817 · end of year $18,783

  • 8 · Inventories for sale or use

    beginning of year $6,750 · end of year $2,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $363,249 · end of year $381,858

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

    $28,521,677

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

    $4,702,560

  • 10c · Land, buildings and equipment, net

    beginning of year $20,868,302 · end of year $23,819,117

  • 11 · Investments: publicly traded securities

    beginning of year $285,535,436 · end of year $368,580,582

  • 12 · Investments: other securities

    beginning of year $118,825,048 · end of year $78,817,070

  • 15 · Other assets

    beginning of year $38,721,378 · end of year $44,043,418

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,657,197 · end of year $6,985,166

  • 19 · Deferred revenue

    beginning of year $2,849,662 · end of year $2,870,531

  • 20 · Tax-exempt bond liabilities

    beginning of year $27,706,660 · end of year $24,862,484

  • 21 · Escrow or custodial account liability

    beginning of year $21,187,107 · end of year $22,567,210

  • 23 · Secured mortgages and notes payable

    beginning of year $2,380,519 · end of year $3,885,011

  • 25 · Other liabilities

    beginning of year $15,331,017 · end of year $15,944,948

  • 27 · Net assets without donor restrictions

    beginning of year $46,705,512 · end of year $83,400,147

  • 28 · Net assets with donor restrictions

    beginning of year $405,232,459 · end of year $450,134,040

Mission and programs · 2023

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 is a top priority. In FY24, the Organization granted over $12 million to the University of North Dakota to be used to award scholarships to students in the fiscal year. The student support priority to increase endowment support for scholarships will enable the University to recruit and retain top students.

    Expenses $12,905,837 · Grants $12,905,837

  • The Organization provided over $19 million in direct and indirect support to the University of North Dakota's initiatives for faculty, campus improvement projects, student programs and for the University's priority needs during the past fiscal year.

    Expenses $22,429,485 · Grants $17,259,515 · Revenue $9,019,976

  • The Organization provided over $2.3 million in Alumni Association support to the University of North Dakota for engagement activities that include Homecoming, chapter activities across the country to network with fellow alumni, the Alumni Review magazine and various other events that allow for graduates to keep connected and stay engaged in what is happening at the University.

    Expenses $2,347,544 · Grants $2,347,544

As filed on the 2023 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

  • Jonathan Holth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Philips

    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

  • Kelley 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

  • DeAnna Carlson Zink

    CEO/Secretary

    Total calculated
    $425,491
    From this org
    $379,073
    From related orgs
    $0
    Other
    $46,418
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $379,073
    Bonus
    $0
    Other
    $0
    Deferred
    $33,000
    Nontaxable benefits
    $14,683
    Filer's total
    $426,756

  • Nancy Pederson Vice President

    of Finance and Operations

    Total calculated
    $236,654
    From this org
    $203,837
    From related orgs
    $0
    Other
    $32,817
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $203,837
    Bonus
    $0
    Other
    $0
    Deferred
    $21,185
    Nontaxable benefits
    $12,587
    Filer's total
    $237,609

  • Robert Knutson

    VP of Operations

    Total calculated
    $246,727
    From this org
    $211,877
    From related orgs
    $0
    Other
    $34,850
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $211,877
    Bonus
    $0
    Other
    $0
    Deferred
    $21,432
    Nontaxable benefits
    $14,272
    Filer's total
    $247,581

  • Michael Mannausau

    VP of Development

    Total calculated
    $241,796
    From this org
    $209,067
    From related orgs
    $0
    Other
    $32,729
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,067
    Bonus
    $0
    Other
    $0
    Deferred
    $21,097
    Nontaxable benefits
    $12,589
    Filer's total
    $242,753

  • Sarah Prout

    VP of Marketing & Communication

    Total calculated
    $165,364
    From this org
    $150,957
    From related orgs
    $0
    Other
    $14,407
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,957
    Bonus
    $0
    Other
    $0
    Deferred
    $14,407
    Nontaxable benefits
    $712
    Filer's total
    $166,076

  • Steven Brekke

    Director of Development

    Total calculated
    $136,044
    From this org
    $123,715
    From related orgs
    $0
    Other
    $12,329
    Hours/week
    50

  • Linsey Stadstad

    VP of Talent Management

    Total calculated
    $135,083
    From this org
    $117,411
    From related orgs
    $0
    Other
    $17,672
    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

    $17,857,122

    Scholarship, grants and operating support.

  • University of North Dakota-Other

    $4,106,831

    Scholarship, grants and operating support.

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

    $3,546,893

    Scholarship, grants and operating support.

  • University of North Dakota-Medicine & Health Sciences

    $1,942,835

    Scholarship, grants and operating support.

  • University of North Dakota-School of Engineering & Mines

    $1,507,539

    Scholarship, grants and operating support.

  • University of North Dakota-Arts & Sciences

    $1,374,017

    Scholarship, grants and operating support.

  • University of North Dakota-Aerospace Sciences

    $833,326

    Scholarship, grants and operating support.

  • University of North Dakota-Law School

    $621,442

    Scholarship, grants and operating support.

  • University of North Dakota-Nursing & Professional Disciplines

    $435,617

    Scholarship, grants and operating support.

  • University of North Dakota-Education & Human Development

    $287,274

    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 (61)

    T · Charitable Trust · ND

  • Charitable Remainder Annuity Trusts (4)

    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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531339349304218

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