Mayville State University Foundation

Organization Overview

Mayville State University Foundation is located in Mayville, ND. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Mayville State University Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayville 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, Mayville State University Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.9% 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

SUPPORT ACTIVITIES OF MAYVILLE STATE UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVES AS THE LEGAL CONDUIT FOR THE ACCEPTANCE, INVESTMENT AND DISTRIBUTION OF PRIVATE GIFTS IN SUPPORT OF THE ACTIVITIES AND PROGRAMS OF MAYVILLE STATE UNIVERSITY


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Board, Officers & Key Employees

Name (title)Compensation
Lon Jorgenson
Executive Director
$22,180
Joe Dunn
Chair
$0
Nick Storhaug
Treasurer
$0
Lynn Slaathaug Moen
Vice Chair
$0
Johnny Jorgensen
Secretary
$0
Donn Hanson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,555,096
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,555,096
Total Program Service Revenue$145,057
Investment income $336,571
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $155,376
Net Income from Fundraising Events $121,391
Net Income from Gaming Activities $65,065
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,383,982

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mayville State University Foundation has recieved totaling $7,657.

Awarding OrganizationAmount
Mwe Scholarship Fund

Grand Forks, ND

PURPOSE: SCHOLARSHIP

$7,157
Rnr Parker Family Foundation

Cupertino, CA

PURPOSE: TO PROVIDE SUPPORT FOR EDUCATION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,970,409
Earnings$359,309
Net Contributions$763,545
Other Expense$336,980
Ending Balance$9,756,283

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