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← DAKOTA STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by DAKOTA STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$8,159,295
Total expenses
$9,401,846
Contributions and grants received
$4,994,143
Grants paid
$6,577,534
Program service revenue
$11,658
Investment income
$2,937,399
Other revenue
$216,095
Total assets, end of year
$81,762,893
Total liabilities, end of year
$57,216,076
Net assets or fund balances, end of year
$24,546,817
Program services expenses (Part IX)
$7,163,708
Management and general expenses
$2,078,137
Fundraising expenses
$160,001
Program service expenses (Part III)
$7,163,708

Program services were 76.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVE GEIVER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MALONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FLOYD RUMMEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RANDY SCHAEFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JUDY DITTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT SCHLISNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUMMER SCHULTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAZZI TEEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • POOJA PULLMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TAMMY MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIN NIELSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MIKE HALVERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBB GRAHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF RODMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BOB CASAGRANDE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NICK PODHRADSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROGER DEGROOT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DELON MORK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF BLOOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TREVOR GARBERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HALI MCCLELLAND DIGGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAROD KEENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE IVERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL SCHOEDER

    TRUSTEE (UNTIL MAY 2025)

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCKELVEY

    CEO

    Total calculated
    $130,167
    From this org
    $107,831
    From related orgs
    $0
    Other
    $22,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $86,831
    Bonus
    $0
    Other
    $21,000
    Deferred
    $10,990
    Nontaxable benefits
    $11,346
    Filer's total
    $130,167

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

None.

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 3
THE ORGANIZATION DOES NOT ESTABLISH THE COMPENSATION OF THE CEO. COMPENSATION IS DETERMINED BY AN UNRELATED ORGANIZATION, THE STATE OF SOUTH DAKOTA, AND THE ORGANIZATION RELIED ON THE UNRELATED ORGANIZATION TO ESTABLISH COMPENSATION.
FORM 990, SCHEDULE J, PART II
MIKE MCKELVEY WAS COMPENSATED BY AN UNRELATED ORGANIZATION, STATE OF SOUTH DAKOTA (ON BEHALF OF DAKOTA STATE UNIVERSITY (DSU)). HIS COMPENSATION AND BENEFITS FROM STATE OF SOUTH DAKOTA ARE REPORTED ON SCHEDULE J, PART II. THE COMPENSATION REPORTED IS FOR SERVICES PROVIDED TO THE FOUNDATION.

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

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2026
IRS schema version
2024v5.5
Source object
202601139349301325

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