Overview
What is North Dakota State University Foundation?
The North Dakota State University Foundation is a nonprofit organization situated in Fargo, North Dakota, with a US address at 1241 N University Drive, ZIP code 58102. Its mission is to establish enduring relationships and generate advocacy and philanthropy in support of North Dakota State University (NDSU). The Foundation grants funds to NDSU for essentials like buildings, equipment, research, and faculty development, which are not covered by state appropriations or student tuition fees. With a dedicated team of 58 employees, the organization's activities include raising funds for various departmental needs and activities at NDSU.
Official website here: www.ndsufoundation.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The North Dakota State University Foundation has achieved a perfect score, reflecting exceptional accountability and financial management practices. With an impressive 100% independent board, the foundation demonstrates a commitment to governance and transparency. The organization maintains robust financial oversight, as evidenced by its thorough audit and the absence of any material asset diversions.
Strengths of the foundation include a high program expense ratio of 74.03%, indicating that a significant portion of its resources is directed towards fulfilling its mission. Additionally, it boasts outstanding fundraising efficiency, with a minimal cost of just $0.04 to raise a dollar. The organization also prioritizes donor privacy and has established clear policies regarding conflicts of interest and whistleblower protections.
While the data showcases numerous strengths, it is essential for potential donors to consider how these practices translate into tangible impacts for the university community. Overall, the North Dakota State University Foundation stands out as a well-managed organization with a strong focus on accountability and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is North Dakota State University Foundation legitimate?
North Dakota State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Dakota State University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $669,893
Professional Fundraising Fees: $172,247
Other Salaries and Wages: $3,630,627
For more financial information, click here
Official website here: www.ndsufoundation.com
What is the mission statement of North Dakota State University Foundation?
The North Dakota State University Foundation works to establish lasting connections that amplify advocacy and charitable giving to bolster North Dakota State University. Their mission is to foster these enduring relationships, which in turn, enhance the university's resources and capabilities beyond those sustained through state funding or student tuition. The foundation's initiatives involve providing grants for various purposes such as constructing facilities, acquiring equipment, supporting research, financing lectures, aiding faculty development, and covering departmental expenses that aren't included in the university's budget.
Official website here: www.ndsufoundation.com
Who is the CEO of North Dakota State University Foundation?
John R Glover is the President & Ceo of North Dakota State University Foundation. The CEO's salary of North Dakota State University Foundation is $375,608 and their total compensation is $427,783.
Official website here: www.ndsufoundation.com
What is the revenue of North Dakota State University Foundation?
North Dakota State University Foundation's revenue in 2022 was $58,170,689.
Official website here: www.ndsufoundation.com
Who are the executives of North Dakota State University Foundation and what are their salaries?
The average compensation at North Dakota State University Foundation during 2022 was $74,147. There are 58 employees and 345 volunteers at North Dakota State University Foundation.
Here are 20 key members and their salaries (North Dakota State University Foundation's CEO's salary is $375,608 and their total compensation is $427,783):
- Compensation: $375,608
- Related: $0
- Other: $52,175
- Compensation: $196,684
- Related: $0
- Other: $43,149
- Compensation: $184,141
- Related: $0
- Other: $46,791
- Compensation: $138,971
- Related: $0
- Other: $36,703
- Compensation: $121,950
- Related: $0
- Other: $44,838
- Compensation: $121,599
- Related: $0
- Other: $38,059
- Compensation: $122,717
- Related: $0
- Other: $27,885
- Compensation: $0
- Related: $0
- Other: $0
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Official website here: www.ndsufoundation.com
Where can I find the form 990 for North Dakota State University Foundation?
North Dakota State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ndsufoundation.com
Learn more at the official website: www.ndsufoundation.com
Mission Statement of North Dakota State University Foundation
The North Dakota State University Foundation is committed to fostering lasting relationships that amplify advocacy and philanthropy in support of North Dakota State University. In essence, the foundation functions as a bridge between supporters and the esteemed educational institution, facilitating funds for various initiatives that extend beyond state appropriations and student tuition fees.
The foundation's primary objective is to construct enduring relationships, enabling it to effectively advocate for and raise funds on behalf of North Dakota State University. This financial backing is essential for the university to thrive, as it funds vital areas such as buildings, equipment, research, lectures, faculty development, supplies, travel, and other departmental needs. By doing so, the foundation plays a crucial role in enhancing the overall educational experience for students and advancing the university's academic pursuits.
In summary, the North Dakota State University Foundation serves as a vital partner to the university, generating essential resources that foster academic growth and development. Through its dedication to building enduring relationships, the foundation maximizes advocacy and philanthropy, ensuring the university's continued success and ability to provide an exceptional learning environment for its students.
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Impact
October, 2024
The North Dakota State University Foundation plays a pivotal role in enhancing the educational landscape of NDSU by fostering enduring relationships that drive both advocacy and philanthropy. Through its dedicated efforts, the foundation provides essential grants that support a wide array of needs for the university, including funding for buildings, equipment, research initiatives, lectures, faculty development, supplies, travel, and various departmental activities. These contributions are critical in bridging the financial gap left by state appropriations and student tuition fees, ensuring that NDSU can continue to thrive and innovate in its mission to deliver quality education.
By actively engaging with alumni, community members, and potential donors, the foundation cultivates a robust network of support that strengthens the university's resources and capabilities. This impact resonates not only within the campus community but also throughout North Dakota, as it helps nurture talent, advance research, and bolster economic development in the region. The foundation's work ultimately helps to elevate NDSU's profile and capabilities, ensuring that students receive a well-rounded education and are prepared to make meaningful contributions in their fields.
This information is meant to be a general summary of North Dakota State University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $26,031,660
- Program Service Revenue: $993,494
- Gross Receipts: $117,697,839
Assets and Liabilities:
- Total Assets: $575,494,411
- Total Liabilities: $40,784,715
- Net Assets: $534,709,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Alumni Records Fees
Revenue
$863,638
Program Event Revenue
Revenue
$69,327
Miscellaneous Program Income
Revenue
$60,529
Organization Details
Founding Year
1971
Phone
(701) 231-6800Principal Officer
John R Glover
Main Address
1241 N University Drive, Fargo, ND, 58102
Website
www.ndsufoundation.comNTEE Category
Code: B110 - Education
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