Metropolitan State University Foundation

Organization Overview

Metropolitan State University Foundation is located in St Paul, MN. The organization was established in 1973. 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. Metropolitan 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, Metropolitan State University Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 1.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SUPPORT TO THE VARIOUS UNIVERSITY ACADEMIC PROGRAMS AND SPECIAL INITIATIVES, ENABLING THE FURTHER STRENGTHENING OF THESE PROGRAMS. SIGNIFICANT PROGRAMS DEVELOPED AND ASSISTED WERE THE GROW IT CENTER, WHICH GENERATES AND ARCHIVES KNOWLEDGE ABOUT BEST PRACTICES IN SUSTAINABLE URBAN AGRICULTURE AND THE SAFE FUND PROGRAM, WHICH PROVIDES EMERGENCY FUNDING FOR STUDENT FINANCIAL EMERGENCIES.


TO PROVIDE SUPPORT TO STUDENTS WITH FINANCIAL NEED THROUGH THE FOUNDATION'S PRIVATELY FUNDED SCHOLARSHIP PROGRAM. APPROXIMATELY 449 SCHOLARSHIPS WERE AWARDED THIS YEAR.


THE ALUMNI ASSOCIATION IS TO GENERATE MAXIMUM PUBLIC AWARENESS FOR THE UNIVERSITY, TO RECOGNIZE THE ACCOMPLISHMENTS AND CONTRIBUTIONS OF ALUMNI AND FACULTY, INSPIRE PROSPECTIVE STUDENTS TO ATTEND THE UNIVERSITY, COLLABORATE WITH THE UNIVERSITY IN ITS EFFORT TO BUILD RELATIONSHIPS WITH ALUMNI AND CONSTITUENCY, AND HELP STUDENTS FOSTER A LIFELONG RELATIONSHIP WITH THE UNIVERSITY.


TO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Christine Boese
Chair
$0
Zeeshan Baig
Treasurer
$0
Jeanette Auguston
Vice Chair
$0
Rita Dibble
Officer
$0
Rachel Hughes
Associate VP
$0
Harpreet Anand
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$4,520
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,631,222
Noncash contributions included in lines 1a–1f $159
Total Revenue from Contributions, Gifts, Grants & Similar$1,635,742
Total Program Service Revenue$0
Investment income $177,177
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $2,264
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $11,315
Miscellaneous Revenue$0
Total Revenue $1,970,180

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Metropolitan State University Foundation has recieved totaling $230,000.

Awarding OrganizationAmount
Arlington House

Farmington, MN

PURPOSE: SCHOLARSHIPS

$230,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,484,841
Earnings-$1,073,345
Net Contributions$267,708
Grants$143,053
Ending Balance$7,536,151

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