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SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN

EIN 23-7108470 MARSHALL, MN

Browse the largest nonprofits in Minnesota

Revenue 2024
$5,428,210
Expenses 2024
$4,234,837

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B110
Classification
1200
Street
1501 STATE ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY AND RAISE MONEY FOR SCHOLARSHIPS FOR STUDENTS.

  • SCHOLARSHIPS: A SPECIFIC GIFT APPLIES TOWARD TUITION AND FEES FOR STUDENTS WHO DEMONSTRATE ACADEMIC AND/OR ATHLETIC LEADERSHIP, TO CONTINUE THEIR STUDIES AT SOUTHWEST MINNESOTA STATE UNIVERSITY.

    Expenses $1,428,878 · Grants $1,428,878

  • UNIVERSITY PROMOTION AND RECRUITMENT: MONIES USED TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY THROUGH THE ADVERTISING MEDIA AND TO RECRUIT OUTSTANDING INDIVIDUALS TO ATTEND SOUTHWEST MINNESOTA STATE UNIVERSITY.

    Expenses $1,906,254 · Grants $1,199,624 · Revenue $365,311

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Al Anderson

    DIRECTOR

    Total calculated
    $0
  • Kristi Mukomela

    1ST VICE PRE

    Total calculated
    $0
  • Julie Bleyhl

    DIRECTOR

    Total calculated
    $0
  • Tina Cartwright

    DIRECTOR

    Total calculated
    $0
  • Jerry Bly

    2ND VICE PRE

    Total calculated
    $0
  • Steve Binder

    DIRECTOR

    Total calculated
    $0
  • Cindy Verschaetse

    SECRETARY/TR

    Total calculated
    $0
  • Summer Day

    DIRECTOR

    Total calculated
    $0
  • Dave Werpy

    PAST PRESIDE

    Total calculated
    $0
  • Brad Bacon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Duane Carrow

    DIRECTOR

    Total calculated
    $0
  • Joe Roers

    DIRECTOR

    Total calculated
    $0
  • Neal Wahlman

    DIRECTOR

    Total calculated
    $0
  • Tyler Bowen

    DIRECTOR

    Total calculated
    $0
  • Jasmine Desmet

    DIRECTOR

    Total calculated
    $0
  • Mario Hernandez

    DIRECTOR

    Total calculated
    $0
  • Jason Hoffman

    DIRECTOR

    Total calculated
    $0
  • Neil Kruse

    DIRECTOR

    Total calculated
    $0
  • Gary Range

    DIRECTOR

    Total calculated
    $0
  • Tom Sahlstrom

    DIRECTOR

    Total calculated
    $0

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $5,428,210
    Expenses
    $4,234,837
    Contributions
    $3,260,006
    Grants paid
    $2,628,502
  • 2023
    Revenue
    $6,333,631
    Expenses
    $3,746,514
    Contributions
    $2,628,570
    Grants paid
    $2,178,324
  • 2022
    Revenue
    $7,721,710
    Expenses
    $2,654,701
    Contributions
    $6,663,337
    Grants paid
    $1,646,487

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $4,996,168
    Expenses
    $3,427,939
    Assets (EOY)
    $22,472,214
  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2020 · 990

    Revenue
    $3,698,366
    Expenses
    $2,939,857
    Assets (EOY)
    $24,583,502
  • 2020 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2019 · 990

    Revenue
    $4,232,311
    Expenses
    $3,036,148
    Assets (EOY)
    $22,365,491
  • 2018 · 990

    Revenue
    $4,365,490
    Expenses
    $2,828,723
    Assets (EOY)
    $20,701,336
  • 2017 · 990

    Revenue
    $3,888,109
    Expenses
    $3,028,708
    Assets (EOY)
    $19,601,072

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • SOUTHWEST ST UNIVER

    $1,199,624

    2024 UNIVERSITY SUPPORT

  • SOUTHWEST ST UNIVER

    $826,791

    2023 UNIVERSITY SUPPORT

  • SOUTHWEST ST UNIVER

    $643,138

    2022 UNIVERSITY SUPPORT

Where these grants went next →

Grants received

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

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.