Valley City State University Foundation
- Assets
- $18.9m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Valley City, ND
- Founding
- 10/1972
- Data as of
- 06/2022
- EIN
- 23-7178785
Organization Overview
Valley City State University Foundation is located in Valley City, ND. The organization was established in 1972. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley City State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Valley City State University Foundation generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Valley City State University Foundation has awarded 12 individual grants totaling $6,449,401. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AID ADVANCEMENT BY AWARDING SCHOLARSHIPS AND PROMOTING VALLEY CITY STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS WERE AWARDED TO STUDENTS ATTENDING VALLEY CITY STATE UNIVERSITY
CONTRIBUTIONS WERE GIVEN TO VALLEY CITY STATE UNIVERSITY TO FUND ACTIVITIES AND CERTAIN ATHLETICS
CASH AND PLEDGES WERE RECEIVED FOR VALLEY CITY WELLNESS CENTER PROJECT AND CONTRIBUTIONS WERE GIVEN TO VALLEY CITY PARK DISTRICT.
MEMBERSHIP IN VALLEY CITY STATE UNIVERSITY'S CENTURY CLUB (ATHLETICS) AND LOCAL CHARITABLE DONATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Robinson Director | Trustee | 2 | $126,553 |
Cory Anderson Non-Voting Director | Trustee | 2 | $97,964 |
Dave Bass Secretary | OfficerTrustee | 10 | $0 |
Mary Simonson Chairman | OfficerTrustee | 10 | $0 |
Matt Pedersen Vice Chairman | OfficerTrustee | 10 | $0 |
Jeff Nathan Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $331,567 |
| Fundraising events | $0 |
| Related organizations | $305,026 |
| Government grants | $575,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,285,678 |
| Noncash contributions included in lines 1a–1f | $396,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,497,896 |
| Total Program Service Revenue | $0 |
| Investment income | $1,869,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,206 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,949 |
| Net Income from Fundraising Events | $191,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,610,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,990,427 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $167,596 |
| Fees for services: Legal | $340 |
| Fees for services: Accounting | $43,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,393 |
| Office expenses | $60,533 |
| Information technology | $0 |
| Royalties | $6,965 |
| Occupancy | $0 |
| Travel | $5,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,819 |
| Interest | $806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,437 |
| Insurance | $11,109 |
| All other expenses | $43,921 |
| Total functional expenses | $2,938,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,637 |
| Savings and temporary cash investments | $1,143,938 |
| Pledges and grants receivable | $3,815,410 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,562 |
| Net Land, buildings, and equipment | $1,653 |
| Investments—publicly traded securities | $13,927,898 |
| Investments—other securities | $0 |
| Investments—program-related | $7,300 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,931,398 |
| Accounts payable and accrued expenses | $7,797 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $256,038 |
| Total liabilities | $263,835 |
| Net assets without donor restrictions | $549,332 |
| Net assets with donor restrictions | $18,118,231 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,931,398 |
Grants Awarded
Over the last fiscal year, Valley City State University Foundation has awarded $149,711 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Valley City, ND PURPOSE: The Foundation provides funds to Valley City State University for student scholarships, equipment, facility improvements, and activities. | $149,711 |
Valley City, ND PURPOSE: The Foundation provides funds to Valley City Park District for construction of the Valley City Wellness Center | $0 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Valley City State University Foundation has recieved totaling $44,953.
| Awarding Organization | Amount |
|---|---|
Edson & Margaret Larson Foundation Grand Forks, ND PURPOSE: SCHOLARSHIPS AND LEADERSHIP PROGRAM. | $30,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,561 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,185 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $207 |
Endowment Analysis
| Beg. Balance | $18,496,225 |
| Earnings | -$2,863,697 |
| Admin Expense | $386,472 |
| Net Contributions | $4,049,562 |
| Grants | $1,177,387 |
| Ending Balance | $18,118,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
People Serving People Inc Charities Minneapolis, MN | $20,919,936 | $5,966,732 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Construction Laborers Education And Training Fund Of Mnesota & N Dkota Lino Lakes, MN | $26,851,237 | $7,012,903 |
Mithun Family Foundation Wayzata, MN | $47,067,877 | $8,085,280 |