South Dakota State University Foundation
- Assets
- $288.0m
- Revenue
- $54.8m
- Investments
- $17.5m
- Employees
- 47
- Location
- Brookings, SD
- Founding
- 04/1947
- Data as of
- 12/2020
- EIN
- 46-0273801
Organization Overview
South Dakota State University Foundation is located in Brookings, SD. The organization was established in 1947. 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 12/2021, South Dakota State University Foundation employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota 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 12/2020, South Dakota State University Foundation generated $54.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $34.3m during the year ending 12/2020. While expenses have increased by 6.1% per year over the past 6 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 2014, South Dakota State University Foundation has awarded 48 individual grants totaling $222,252,738. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
UNITING THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE THE DREAMS OF OUR STUDENTS, UNIVERSITY, AND DONORS TO BUILD A BETTER SDSU. APPROXIMATELY $6.66 MILLION IN SCHOLARSHIPS WERE AWARDED, $4.60 MILLION IN DEPARTMENTAL PROGRAMS WERE FUNDED, AND $8.98 MILLION IN CAPITAL PROJECTS WERE FUNDED DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Erpenbach President/ceo | Officer | 55 | $218,652 |
Tim Dwire VP Of Operations & Finance | Officer | 55 | $174,254 |
Keith Mahlum VP Of Development | Officer | 55 | $150,907 |
Marc Littlecott Director Of Gift Planning | 55 | $134,552 | |
Michael Birgen Assoc VP For Development | 55 | $115,957 | |
Rina Reynolds Senior Director Of Major Giving | 55 | $109,602 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Henkin Schultz Marketing Consulting | 12/30/21 | $180,408 |
First Bank & Trust Wealth Management Fiduciary Fees | 12/30/21 | $244,709 |
Blackbaud Software Services | 12/30/21 | $151,000 |
Aramark Food Services | 12/30/21 | $176,190 |
Marco Technologies Llc Technology Services | 12/30/21 | $142,894 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,392,211 |
| Investment income | $3,595,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $563,110 |
| Net Gain/Loss on Asset Sales | $1,689,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,798,337 |
| Statement of Expenses | |
|---|---|
| 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. | $471,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,991,092 |
| Pension plan accruals and contributions | $171,072 |
| Other employee benefits | $395,781 |
| Payroll taxes | $230,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,612 |
| Fees for services: Accounting | $83,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $286,786 |
| Fees for services: Other | $109,039 |
| Advertising and promotion | $68,476 |
| Office expenses | $226,728 |
| Information technology | $338,371 |
| Royalties | $0 |
| Occupancy | $235,735 |
| Travel | $64,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,327 |
| Interest | $212,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $760,934 |
| Insurance | $39,920 |
| All other expenses | $0 |
| Total functional expenses | $34,303,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,214,275 |
| Pledges and grants receivable | $16,546,973 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,531,677 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $189,217 |
| Investments—publicly traded securities | $186,729,086 |
| Investments—other securities | $17,494,245 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,169,291 |
| Total assets | $287,960,105 |
| Accounts payable and accrued expenses | $3,542,214 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,560,659 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,688,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,311,899 |
| Total liabilities | $28,102,947 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $259,857,158 |
Grants Awarded
Over the last fiscal year, South Dakota State University Foundation has awarded $20,376,692 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: GIFTS, GRANTS, SCHOLARSHIPS; SDSU DEPT EXPENSES, BUILDING & EQUIPMENT PURCHASES. | $20,240,820 |
Notre Dame, IN PURPOSE: ENDOWED SCHOLARSHIP | $100,000 |
Pullman, WA PURPOSE: ENDOWED SCHOLARSHIP | $25,000 |
Brookings, SD PURPOSE: EDUCATIONAL SPACE FOR SD THETA HOUSE | $10,872 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Dakota State University Foundation has recieved totaling $550.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $450 |
James And Cleo Hamilton Family Charitable Trust Detroit, MI PURPOSE: GENERAL | $100 |
Endowment Analysis
| Beg. Balance | $208,903,102 |
| Earnings | $22,650,511 |
| Admin Expense | $3,348,917 |
| Net Contributions | $47,746,137 |
| Other Expense | $128,621 |
| Grants | $9,190,364 |
| Ending Balance | $266,631,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State University Foundation Ames, IA | $1,790,439,488 | $196,378,537 |
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |