Overview
What is Minot State University Development Foundation?
The Minot State University Development Foundation is a nonprofit organization situated in Minot, North Dakota, with a home address at 500 UNIVERSITY AVE W. Their primary mission is to raise funds and voluntary financial support for the betterment of Minot State University. This support is particularly focused on endowment building and addressing the university's long-term priorities. The foundation provides scholarships to students based on specific criteria and actively participates in fundraising events and campaigns to fund various campus projects and university activities. With a team of 12 dedicated individuals, the Minot State University Development Foundation plays a significant role in shaping the future of the university.
Is Minot State University Development Foundation legitimate?
Minot State University Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minot State University Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $516,384
For more financial information, click here
What is the mission statement of Minot State University Development Foundation?
The Minot State University Development Foundation's mission is centered around establishing, promoting, and stimulating voluntary financial support for the benefit of Minot State University. This support primarily focuses on building endowment and addressing the university's long-term priorities. The foundation's activities also extend to providing scholarships to students based on specific criteria and supporting the university through fundraising and financing various campus projects and university activities.
Who is the CEO of Minot State University Development Foundation?
Rick Hedberg is the President of Minot State University Development Foundation.
What is the revenue of Minot State University Development Foundation?
Minot State University Development Foundation's revenue in 2022 was $11,663,994.
Who are the executives of Minot State University Development Foundation and what are their salaries?
The average compensation at Minot State University Development Foundation during 2022 was $43,032. There are 12 employees and 17 volunteers at Minot State University Development Foundation.
Here are 14 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $246,334
- Other: $64,527
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $87,665
- Other: $36,356
- Compensation: $0
- Related: $115,252
- Other: $34,514
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minot State University Development Foundation?
Minot State University Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minot State University Development Foundation
The Minot State University Development Foundation's mission is centered around stimulating and promoting voluntary financial support for the benefit of Minot State University. This nonprofit organization specifically focuses on building endowments and addressing the university's long-term priorities. In pursuing this mission, the Minot State University Development Foundation provides scholarships to students based on predefined criteria. Furthermore, the foundation supports the university by engaging in fundraising activities and funding various campus projects and university activities.
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Impact
October, 2024
The Minot State University Development Foundation significantly enhances educational opportunities and resources at Minot State University. By establishing, promoting, and stimulating voluntary financial support, the foundation plays a crucial role in building endowments and addressing the university's long-term priorities.
One of its primary impacts is the provision of scholarships to students, which are awarded based on established criteria. This financial assistance helps make higher education more accessible and supports student success. Additionally, the foundation actively engages in fundraising efforts that benefit various campus projects and university activities, thereby enhancing the overall educational environment.
Through these initiatives, the Minot State University Development Foundation fosters a stronger academic community and contributes to the university's mission of growth and excellence in education.
This information is meant to be a general summary of Minot State University Development 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: $2,592,823
- Gross Receipts: $12,670,126
Assets and Liabilities:
- Total Assets: $52,940,174
- Total Liabilities: $10,126,088
- Net Assets: $42,814,086
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Organization Details
Founding Year
1943
Phone
(701) 858-3368Principal Officer
Rick Hedberg
Main Address
500 UNIVERSITY AVE W, MINOT, ND, 58701
NTEE Category
Code: B82 - Education
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