University Of South Dakota Foundation
- Assets
- $299.1m
- Revenue
- $28.4m
- Investments
- $57.4m
- Employees
- 59
- Location
- Vermillion, SD
- Founding
- 07/1967
- Data as of
- 12/2019
- EIN
- 46-6018891
Organization Overview
University Of South Dakota Foundation is located in Vermillion, SD. The organization was established in 1967. 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 12/2019, University Of South Dakota Foundation employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, University Of South Dakota Foundation generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $27.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of South Dakota Foundation has awarded 36 individual grants totaling $84,352,264. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PRIVATE RESOURCES TO BENEFIT THE UNIVERSITY OF SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP FUNDS TO INCREASE THE ACADEMIC EXCELLENCE OF THE STUDENT BODY AND THE QUALITY OF THEIR EDUCATIONAL EXPERIENCE. SCHOLARSHIPS ARE AWARDED FOR BOTH RECRUITING AND RETENTION PURPOSES. FOR THE 2018-2019 ACADEMIC YEAR, $8.4 MILLION IN SCHOLARSHIPS WERE AWARDED. FOR THE 2019-2020 ACADEMIC YEAR, $9.8 MILLION IN SCHOLARSHIPS WERE AWARDED. THIS LEVEL OF FUNDING REPRESENTS AN INCREASE OF 18% OVER THE LAST 5 YEARS.
PROVIDE FUNDS TO CONSTRUCT NEW CAMPUS FACILITIES AND RESTORE, REPAIRAND MAINTAIN EXISTING FACILITIES. THE FOUNDATION HAS BEEN INSTRUMENTALIN A MAJOR RENOVATION AND RECONSTRUCTION PLAN FOR FACILITIES AT USD.SINCE 1996, $94 MILLION HAS BEEN PROVIDED FOR FACILITIES THAT HAVEENHANCED THE STUDENTS' EDUCATIONAL EXPERIENCE AND OPPORTUNITIES.
PROVIDE FUNDS TO SUPPORT ACADEMIC FACULTY THROUGH SALARY AUGMENTATION,RESEARCH AND PROFESSIONAL DEVELOPMENT, SUPPORT OF STUDENT TRAVEL ANDRESEARCH, AND SUPPORT OF USD MUSEUMS AND VARIOUS AUXILIARY PROGRAMS. IN 2019, $3.7 MILLION WAS PROVIDED TO SUPPORT THESE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Brown President And CEO | Officer | 40 | $277,206 |
Christine Tjelmeland CFO | Officer | 40 | $202,166 |
Nick Kotzea Sec/treas; Chief Gov Officer | Officer | 40 | $160,007 |
Cynthia Whitney Executive Director Of Philanthropy | 40 | $135,663 | |
Michelle Green Vp-Constituent Engagement | 40 | $128,651 | |
Andrew Carr Director Of Athletic Development | 40 | $109,766 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adage Capital Management Lp Investment Fees | 12/30/19 | $229,226 |
Erickson Solutions It Consulting/services | 12/30/19 | $139,883 |
Blackstone Investment Fees | 12/30/19 | $172,004 |
Anderson Brothers Printing Co Printing | 12/30/19 | $145,323 |
Advancement Services Llc Fundraising Consulting | 12/30/19 | $136,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,819 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,364,573 |
| Noncash contributions included in lines 1a–1f | $2,723,953 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,510,392 |
| Total Program Service Revenue | $978,707 |
| Investment income | $6,301,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,879 |
| Net Gain/Loss on Asset Sales | $4,407,029 |
| Net Income from Fundraising Events | $151,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,430,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,453,306 |
| 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. | $728,616 |
| Compensation of current officers, directors, key employees. | $664,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,110,532 |
| Pension plan accruals and contributions | $105,907 |
| Other employee benefits | $293,169 |
| Payroll taxes | $257,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,304 |
| Fees for services: Accounting | $45,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $136,478 |
| Fees for services: Investment Management | $813,049 |
| Fees for services: Other | $0 |
| Advertising and promotion | $625,759 |
| Office expenses | $174,989 |
| Information technology | $408,651 |
| Royalties | $0 |
| Occupancy | $221,197 |
| Travel | $349,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,816 |
| Insurance | $18,909 |
| All other expenses | $68,070 |
| Total functional expenses | $27,316,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,981,591 |
| Pledges and grants receivable | $19,118,586 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245,046 |
| Net Land, buildings, and equipment | $2,561,146 |
| Investments—publicly traded securities | $204,837,860 |
| Investments—other securities | $57,359,684 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,036,157 |
| Total assets | $299,140,070 |
| Accounts payable and accrued expenses | $400,219 |
| 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 | $18,553,743 |
| Total liabilities | $18,953,962 |
| Net assets without donor restrictions | -$8,139,455 |
| Net assets with donor restrictions | $288,325,563 |
| 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 | $299,140,070 |
Grants Awarded
Over the last fiscal year, University Of South Dakota Foundation has awarded $16,216,297 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH DAKOTA PURPOSE: $8,356,171 FOR SCHOLARSHIPS, $5,222,038 FOR FACILITIES AND $ 2,516,820 OTHER DEPARTMENTAL SUPPORT. | $16,095,029 |
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $30,178 |
Sioux Falls, SD PURPOSE: STUDENT SUPPORT | $24,290 |
Vermillion, SD PURPOSE: PROGRAM SUPPORT | $20,520 |
Rapid City, SD PURPOSE: PROGRAM SUPPORT | $19,455 |
Chamberlain, SD PURPOSE: PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that University Of South Dakota Foundation has recieved totaling $442,114.
| Awarding Organization | Amount |
|---|---|
Verne And Bonnie Anderson Charitable Tr St Louis, MO PURPOSE: GENERAL SUPPORT | $272,453 |
Crazy Horse Memorial Foundation Crazy Horse, SD PURPOSE: SCHOLARSHIP | $31,720 |
Hatterscheidt Foundation Inc Aberdeen, SD PURPOSE: SCHOLARSHIPS | $23,000 |
Organization Name not Listed PURPOSE: PROGRAM SUPPORT | | $20,027 |
Cannon Valley Communicationfoundation Elysian, MN PURPOSE: MEDICAL SCHOLARSHIPS | $15,000 |
Cannon Valley Communicationfoundation Elysian, MN PURPOSE: MEDICAL SCHOLARSHIPS | $15,000 |
Endowment Analysis
| Beg. Balance | $231,416,534 |
| Earnings | $34,340,271 |
| Admin Expense | $4,290,093 |
| Net Contributions | $7,140,295 |
| Grants | $8,211,279 |
| Ending Balance | $260,395,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Wyoming Foundation Laramie, WY | $692,604,176 | $53,846,002 |
Omaha Schools Foundation Omaha, NE | $42,245,525 | $25,215,020 |
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
North Dakota State University Foundation Fargo, ND | $426,079,583 | $103,753,830 |
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 |
South Dakota State University Foundation Brookings, SD | $252,841,362 | $57,978,864 |
University Of South Dakota Foundation Vermillion, SD | $299,140,070 | $28,430,716 |
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 Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |