Northern State University Foundation

Address
620 15th Ave SE Beckman Bldg
Aberdeen, SD 574017610
Contact
Website: http://www.northern.edu/alumni/pages/foundation.aspx
Phone: +1 (605) 626-2550
Nonprofit
EIN: 23-7002314
Year formed: 1968

Mission

The Northern State University Foundation is dedicated to securing the future of Northern State University. Its purpose is to solicit and administer funds and to pursue other activities to advance this goal.
 20162015201420132012
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$188,221.00$173,795.00$163,936.00$162,596.00$152,990.00
Sum of reportable (W2/1099) compensation$162,195.00$149,368.00$141,553.00$141,447.00$131,640.00
Number of employees00000
Number of people compensated >$100k11110
Number of volunteers125130120134171
Number of highly compensated contractors000  
Personnel
2014, Julie
Title Director   
Name of key/compensated person Julie Johnson through Oct 2014   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 0.50   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Bauer, Eric
Title   Secretary/TreasurerSecretary/Treasurer
Name of key/compensated person   Eric BauerEric Bauer
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Bergan, Chad
TitleDirectorDirectorDirector  
Name of key/compensated personChad BerganChad BerganChad Bergan  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Erickson, Ashley
TitleDirector    
Name of key/compensated personAshley Erickson    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Evans, Michael
Title    Immediate Past Chair (July-Sept)
Name of key/compensated person    Michael R Evans
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Ford, Steve
TitleDirectorDirectorDirectorDirectorDirector (October-June)
Name of key/compensated personSteve FordSteve FordSteve FordSteve FordSteve Ford
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Fouberg, Glenna
Title DirectorDirectorDirectorDirector
Name of key/compensated person Glenna FoubergGlenna FoubergGlenna FoubergGlenna Fouberg
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 0.500.500.500.50
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Jacobson, Ron
Title    Director (July-September)
Name of key/compensated person    Ron L Jacobson
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Johnson, Julie
Title  DirectorDirectorDirector
Name of key/compensated person  Julie JohnsonJulie JohnsonJulie Johnson
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  0.500.500.50
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Jordre, Todd
TitlePresident/CEOPresident/CEOPresident/CEOPresident/CEOPresident/CEO
Name of key/compensated personTodd JordreTodd JordreTodd JordreTodd JordreTodd Jordre
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org45.0045.0045.0045.0045.00
Reportable compensation from org$119,506.00$108,949.00$104,996.00$104,881.00$98,360.00
Retirement and other deferred compensation$7,179.00 $0.00$6,455.00$6,455.00
Nontaxable benefits from org$8,301.00 $0.00$6,135.00$6,235.00
Compensation from org previously reported as deferred$0.00 $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$15,480.00$14,157.00$13,144.00$12,590.00$12,690.00
Sum of all compensation from org$134,986.00 $104,996.00$117,471.00$111,050.00
Jundt, Kim
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personKim W JundtKim W JundtKim W JundtKim W JundtKim W Jundt
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Kennedy, James
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJames KennedyJames KennedyJames KennedyJames KennedyJames Kennedy
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Knecht, Randy
TitleDirectorDirectorDirector  
Name of key/compensated personRandy KnechtRandy KnechtRandy Knecht  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Koehler, James
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJames P KoehlerJames P KoehlerJames P KoehlerJames P KoehlerJames P Koehler
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Lang, Chad
TitleSecretary/TreasurerSecretary/TreasurerSecretary/Treasurer  
Name of key/compensated personChad LangChad LangChad Lang  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Mehlhoff, Becky
TitleAccountantAccountantAccountantAccountantAccountant
Name of key/compensated personBecky MehlhoffBecky MehlhoffBecky MehlhoffBecky MehlhoffBecky Mehlhoff
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$42,689.00$40,419.00$36,557.00$36,566.00$33,280.00
Retirement and other deferred compensation$2,785.00 $0.00$2,425.00$2,425.00
Nontaxable benefits from org$8,841.00 $0.00$6,615.00$6,715.00
Compensation from org previously reported as deferred$0.00 $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$11,626.00$10,809.00$9,779.00$9,040.00$9,140.00
Sum of all compensation from org$54,315.00 $36,557.00$45,606.00$42,420.00
Nelson, Sherry
Title    Director (October-June)
Name of key/compensated person    Sherry Nelson
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Reede, Nathan
TitleChairChairVice Chair; Chair-ElectVice Chair; Chair-ElectDirector
Name of key/compensated personNathan ReedeNathan ReedeNathan ReedeNathan ReedeNathan Reede
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.000.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Russo, Arthur
TitleDirector    
Name of key/compensated personArthur Russo    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org0.50    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Seyer, Thomas
TitlePast-ChairPast-ChairChairChairVice Chair; Chair-Elect
Name of key/compensated personThomas R SeyerThomas R SeyerThomas R SeyerThomas R SeyerThomas R Seyer
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Smith, James
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJames SmithJames SmithJames SmithJames SmithJames Smith
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Thares, Jim
Title   Immediate Past ChairChair
Name of key/compensated person   Jim TharesJim Thares
Position of compensated person
Current individual trustee or director   TrueTrue
Current officer    True
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Traphagen, Richard
Title   DirectorDirector
Name of key/compensated person   Richard TraphagenRichard Traphagen
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.500.50
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Walsh, Cindi
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personCindi WalshCindi WalshCindi WalshCindi WalshCindi Walsh
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org0.500.500.500.500.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo solicit and administer funds and to pursue other activities, dedicated to securing the future of Northern State University.To solicit and administer funds and to pursue other activities, dedicated to securing the future of Northern State University.To solicit and administer funds and to pursue other activities, dedicated to securing the future of Northern State University.To solicit and administer funds and to pursue other activities, dedicated to securing the future of Northern State University.To solicit and administer funds and to pursue other activities, dedicated to securing the future of Northern State University.
Program service expenses, total$12,536,616.00$4,111,613.00$3,456,959.00$3,289,016.00$5,444,607.00
Programs, including revenue & expense
Funds used to support University special projects, including communication & alumni events, publication of university newspaper, campus projects, student housing, Presidential support and building addition/renovation.
Program expenses$9,523,947.00$1,064,446.00$941,158.00$835,609.00$3,044,612.00
Program revenue$169,777.00$237,295.00$226,349.00$162,779.00 
Grants and allocations made$9,746,512.00$861,249.00 $340,719.00$2,231,936.00
Program descriptionFunds used to support University special projects, including communication & alumni events, publication of university newspaper, campus projects, student housing, Presidential support and building addition/renovation.Funds used to support University special projects, including communication & alumni events, publication of university newspaper, campus projects, student housing, and Presidential support.Funds used to support University special projects, including communication & alumni events, publication of university newspaper, campus projects, student housing, and Presidential support.Funds used to support University special projects, such as communication & alumni events, publication of university newspaper, campus projects, student housing, and Presidential support.Funds used to support University special projects, such as communication & alumni events, publication of University newspaper, campus projects, and presidential support.
Funds used to support athletics at NSU - for recruitment, athletic department salary, operating support, and marketing of the University.
Program expenses$945,379.00$701,055.00$507,364.00$496,044.00$348,337.00
Program revenue$243,355.00$233,506.00$261,626.00$278,676.00$237,437.00
Grants and allocations made$255,051.00$32,218.00   
Program descriptionFunds used to support athletics at NSU - for recruitment, athletic department salary, operating support, and marketing of the University.Funds used to support athletics at NSU - for recruitment, athletic department salary, operating support, and marketing of the University.Funds used to support athletics at NSU - for recruitment, athletic department salary, operating support, and marketing of the University.Funds used to support athletics at NSU - for recruitment, athletic department salary, operating support, and marketing of the University.Funds used to support athletics at NSU - for recruitment, athletic department salary, operating support, and marketing of the University.
Paid 532 athletic, 823 academic, and 270 departmental scholarships to students and faculty attending Northern State University.
Program expenses$2,067,290.00$2,346,112.00$2,008,437.00$1,957,363.00$2,051,658.00
Grants and allocations made$2,067,290.00$2,346,112.00$2,008,437.00$1,957,363.00$2,051,658.00
Program descriptionPaid 532 athletic, 823 academic, and 270 departmental scholarships to students and faculty attending Northern State University.Paid 494 athletic, 801 academic, and 286 departmental scholarships to students and faculty attending Northern State University.Paid 529 athletic, 837 academic, and 278 departmental scholarships to students and faculty attending Northern State University.Paid 479 athletic, 798 academic, and 347 departmental scholarships to students and faculty attending Northern State University.Paid 463 athletic, 847 academic, and 273 departmental scholarships to students and faculty attending Northern State University.
Financial data
Revenue
Total revenue, current year$5,132,627.00$9,785,765.00$7,504,662.00$20,547,223.00$3,998,789.00
Program service revenue, current year$169,675.00$160,386.00$158,147.00$176,141.00$202,344.00
Revenue from noncash contributions$228,169.00$716,344.00$266,694.00$440,110.00$376,144.00
Investment income, current year$1,293,627.00$807,963.00$3,407,089.00$1,031,386.00$854,323.00
Total revenue from grants, etc., current year$3,440,416.00$8,495,129.00$3,600,885.00$19,040,206.00$2,769,451.00
Total unrelated business revenue   $19,762.00$18,921.00
Other revenue, current year$228,909.00$322,287.00$338,541.00$299,490.00$172,671.00
Net unrelated business taxable revenue$585,894.00$0.00$0.00$0.00$0.00
Program service revenue (total)$169,675.00$160,386.00$158,147.00$176,141.00$202,344.00
Sources of contributions
Revenue from fundraising events$198,737.00$114,557.00$185,299.00$138,496.00$119,628.00
Revenue from all other contributions$3,241,679.00$8,380,572.00$3,415,586.00$18,901,710.00$2,649,823.00
Other types of revenue
Net revenue from gaming (total)$51,016.00$39,523.00$33,326.00$39,519.00$30,453.00
Investment income$1,140,728.00$562,782.00$499,160.00$419,362.00$388,776.00
Net rental income$203,637.00$248,118.00$247,273.00$182,541.00$54,014.00
Net income from fundraising events-$99,424.00-$38,474.00-$45,537.00-$25,105.00$72.00
Net inventory sales (total)$73,680.00$73,120.00$103,479.00$102,535.00$88,132.00
Expense categories (totals)
Total expenses, current year$13,510,434.00$4,860,450.00$4,133,147.00$4,010,208.00$6,140,753.00
Total functional expenses: program service $12,536,616.00$4,111,613.00$3,456,959.00$3,289,016.00$5,444,607.00
Total functional expenses: management and general$657,943.00$399,541.00$555,596.00$569,827.00$566,801.00
Total functional expenses: fundraising$315,875.00$349,296.00$120,592.00$151,365.00$129,345.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$67,062.00$66,739.00$72,688.00$72,299.00$69,893.00
Assets and liabilities
Total assets, end of year$46,434,163.00$55,607,186.00$48,875,489.00$42,638,896.00$24,833,803.00
Total assets, beginning of current year$55,607,186.00$48,875,489.00$42,638,896.00$24,833,803.00$25,796,842.00
Total liabilities, end of year$4,286,190.00$4,368,117.00$4,618,263.00$5,159,501.00$5,394,876.00
Total liabilities, beginning of year$4,368,117.00$4,618,263.00$5,159,501.00$5,394,876.00$3,595,799.00
Pledges & accounts receivable, net$2,413,278.00$3,282,281.00$4,716,315.00$7,288,386.00$3,406,063.00
Unrestricted net assets, end of year-$2,267,213.00-$1,510,531.00-$1,642,434.00-$4,511,983.00-$6,394,403.00
Temporarily restricted net assets, end of year$18,067,503.00$26,998,139.00$20,900,299.00$16,907,670.00$1,621,406.00
Permanently restricted net assets, end of year$26,347,683.00$25,751,461.00$24,999,361.00$25,083,708.00$24,211,924.00
Net assets, end of year$42,147,973.00$51,239,069.00$44,257,226.00$37,479,395.00$19,438,927.00
Net assets, beginning of current year$51,239,069.00$44,257,226.00$37,479,395.00$19,438,927.00$22,201,043.00
Other liabilities$183,674.00$186,382.00$190,997.00$192,047.00$194,763.00
Other assets$15,132,937.00$15,221,678.00$14,386,483.00$11,716,900.00$1,525,860.00
Investments: other securities$22,554,789.00$30,607,952.00$24,632,929.00$2,282,630.00$2,358,928.00
Investments: publicly traded securities $144,594.00$117,808.00$16,812,562.00$16,103,409.00
Escrow or custodial account liability$23,375.00$19,450.00$22,600.00$22,850.00$4,000.00
Grants payable$2,356,065.00$2,466,316.00$2,207,728.00$2,116,756.00$1,991,713.00
Inventories for sale or use, end of year$47,474.00$25,232.00$30,797.00$9,105.00 
Gross receipts$5,543,663.00$16,393,579.00$28,737,538.00$28,283,110.00$17,182,653.00
Revenue less expenses, current year-$8,377,807.00$4,925,315.00$3,371,515.00$16,537,015.00-$2,141,964.00
Advertising (total)$7,660.00$1,397.00$857.00$1,450.00$30,066.00
Savings & temp cash invest$2,582,086.00$2,573,294.00$1,185,341.00$854,621.00$268,811.00
Prepaid expenses & deferred charges$11,539.00$10,591.00$10,844.00$10,267.00$8,976.00
Accounts payable & accrued expenses$1,570,084.00$1,574,094.00$1,817,646.00$2,024,228.00$2,380,362.00
Deferred revenue$129,312.00$93,750.00$98,892.00$82,650.00$70,687.00
Unsecured notes & loans to unrelated parties$23,680.00$28,125.00$32,557.00$45,201.00$45,377.00
Secured mortgages and notes payable, end of year  $247,843.00$675,769.00$707,974.00
Total net assets or fund balances, end of year$42,147,973.00$51,239,069.00$44,257,226.00$37,479,395.00$19,438,927.00
Depreciation, depletion, amortization$2,077.00$2,714.00$3,278.00$4,184.00$45,274.00
Governance and accountability
Relationships among key personnelTrueTrueTrueTrueTrue
Number of voting members1312141415
Number of independent voting members1312131314
Accrual accountingTrueTrueTrueTrueTrue
Financial sheets were auditedTrueTrueTrueTrueTrue
Audit on consolidated basisTrueTrueTrueTrue 
Tax year start date2015-07-012014-07-012013-07-012012-07-012011-07-01
Tax year end date2016-06-012015-06-012014-06-012013-06-012012-06-01
Checklist of schedules (selected)
Grants to domestic org/govt >$5kTrueTrueTrueTrueTrue
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2015v3.02014v6.02013v4.02012v2.12011v1.5
Filing identifier201701219349300980201611319349301091201501359349303290201421259349300407201321209349300912
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