NORTHERN STATE UNIVERSITY FOUNDATION

Address
620 15TH AVE SE BECKMAN BLDG
ABERDEEN, SD 57401-7610
Contact
Website: http://www.northern.edu/alumni/pages/foundation.aspx
Phone: +1 (605) 626-2550
Nonprofit
NTEE: B11 - Single Organization Support
EIN: 23-7002314

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.
 20172016201520142013
Basic features of the organization
Year of formation1968
Subsection code03
Form of organization
CorporationTrue
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
Sum of reportable (W2/1099) compensation $162,195.00$149,368.00$141,553.00$141,447.00
Number of employees 0000
Number of people compensated >$100k 1111
Number of volunteers 125130120134
Number of highly compensated contractors 000 
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  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Bauer, Eric
Title    Secretary/Treasurer
Name of key/compensated person    Eric Bauer
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Bergan, Chad
Title DirectorDirectorDirector 
Name of key/compensated person Chad BerganChad BerganChad Bergan 
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 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Erickson, Ashley
Title Director   
Name of key/compensated person Ashley Erickson   
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   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Ford, Steve
Title DirectorDirectorDirectorDirector
Name of key/compensated person Steve FordSteve FordSteve FordSteve Ford
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Fouberg, Glenna
Title  DirectorDirectorDirector
Name of key/compensated person  Glenna FoubergGlenna FoubergGlenna Fouberg
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
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Johnson, Julie
Title   DirectorDirector
Name of key/compensated person   Julie JohnsonJulie Johnson
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
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Jordre, Todd
Title President/CEOPresident/CEOPresident/CEOPresident/CEO
Name of key/compensated person Todd JordreTodd JordreTodd JordreTodd Jordre
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org 45.0045.0045.0045.00
Reportable compensation from org $119,506.00$108,949.00$104,996.00$104,881.00
Other comp, non-reportable, from org and related orgs $15,480.00$14,157.00$13,144.00$12,590.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Jundt, Kim
Title DirectorDirectorDirectorDirector
Name of key/compensated person Kim W JundtKim W JundtKim W JundtKim W Jundt
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Kennedy, James
Title DirectorDirectorDirectorDirector
Name of key/compensated person James KennedyJames KennedyJames KennedyJames Kennedy
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Knecht, Randy
Title DirectorDirectorDirector 
Name of key/compensated person Randy KnechtRandy KnechtRandy Knecht 
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 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Koehler, James
Title DirectorDirectorDirectorDirector
Name of key/compensated person James P KoehlerJames P KoehlerJames P KoehlerJames P Koehler
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Lang, Chad
Title Secretary/TreasurerSecretary/TreasurerSecretary/Treasurer 
Name of key/compensated person Chad LangChad LangChad Lang 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
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 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Mehlhoff, Becky
Title AccountantAccountantAccountantAccountant
Name of key/compensated person Becky MehlhoffBecky MehlhoffBecky MehlhoffBecky Mehlhoff
Position of compensated person
Average hours per week working for org 40.0040.0040.0040.00
Reportable compensation from org $42,689.00$40,419.00$36,557.00$36,566.00
Other comp, non-reportable, from org and related orgs $11,626.00$10,809.00$9,779.00$9,040.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Reede, Nathan
Title ChairChairVice Chair; Chair-ElectVice Chair; Chair-Elect
Name of key/compensated person Nathan ReedeNathan ReedeNathan ReedeNathan Reede
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Russo, Arthur
Title Director   
Name of key/compensated person Arthur Russo   
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   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Seyer, Thomas
Title Past-ChairPast-ChairChairChair
Name of key/compensated person Thomas R SeyerThomas R SeyerThomas R SeyerThomas R Seyer
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Smith, James
Title DirectorDirectorDirectorDirector
Name of key/compensated person James SmithJames SmithJames SmithJames Smith
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Thares, Jim
Title    Immediate Past Chair
Name of key/compensated person    Jim Thares
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Traphagen, Richard
Title    Director
Name of key/compensated person    Richard Traphagen
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
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Walsh, Cindi
Title DirectorDirectorDirectorDirector
Name of key/compensated person Cindi WalshCindi WalshCindi WalshCindi Walsh
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
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities 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
Programs, including revenue & expenses
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
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
Program description 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.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 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
Program revenue $243,355.00$233,506.00$261,626.00$278,676.00
Grants and allocations made $255,051.00$32,218.00  
Program description 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
Grants and allocations made $2,067,290.00$2,346,112.00$2,008,437.00$1,957,363.00
Program description Paid 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.
Financial data
Revenue
Total revenue$48,925,373.00$5,132,627.00$9,785,765.00$7,504,662.00$20,547,223.00
Revenue from contributions (total) $3,440,416.00$8,495,129.00$3,600,885.00$19,040,206.00
Revenue from noncash contributions $228,169.00$716,344.00$266,694.00$440,110.00
Investment income, current yr $1,293,627.00$807,963.00$3,407,089.00$1,031,386.00
Total revenue from grants, etc., current yr $3,440,416.00$8,495,129.00$3,600,885.00$19,040,206.00
Total unrelated business revenue    $19,762.00
Other revenue, current yr $228,909.00$322,287.00$338,541.00$299,490.00
Net unrelated business taxable revenue $585,894.00$0.00$0.00$0.00
Program service revenue (total) $169,675.00$160,386.00$158,147.00$176,141.00
Sources of contributions
Revenue from fundraising events $198,737.00$114,557.00$185,299.00$138,496.00
Revenue from all other contributions $3,241,679.00$8,380,572.00$3,415,586.00$18,901,710.00
Other types of revenue
Net revenue from gaming (total) $51,016.00$39,523.00$33,326.00$39,519.00
Investment income $1,140,728.00$562,782.00$499,160.00$419,362.00
Net rental income $203,637.00$248,118.00$247,273.00$182,541.00
Net income from fundraising events -$99,424.00-$38,474.00-$45,537.00-$25,105.00
Net inventory sales (total) $73,680.00$73,120.00$103,479.00$102,535.00
Expense categories (totals)
Total functional expenses: sum of all $13,510,434.00$4,860,450.00$4,133,147.00$4,010,208.00
Total functional expenses: program service  $12,536,616.00$4,111,613.00$3,456,959.00$3,289,016.00
Total functional expenses: management and general $657,943.00$399,541.00$555,596.00$569,827.00
Total functional expenses: fundraising $315,875.00$349,296.00$120,592.00$151,365.00
Fees for services
Fundraising service fees (total) $0.00$0.00$0.00$0.00
Investment management fees (total) $67,062.00$66,739.00$72,688.00$72,299.00
Assets and liabilities
Total assets$89,469,588.00$46,434,163.00$55,607,186.00$48,875,489.00$42,638,896.00
Total assets, beginning of year $55,607,186.00$48,875,489.00$42,638,896.00$24,833,803.00
Total liabilities $4,286,190.00$4,368,117.00$4,618,263.00$5,159,501.00
Total liabilities, beginning of year $4,368,117.00$4,618,263.00$5,159,501.00$5,394,876.00
Pledges & accounts receivable, net $2,413,278.00$3,282,281.00$4,716,315.00$7,288,386.00
Unrestricted net assets, end of yr -$2,267,213.00-$1,510,531.00-$1,642,434.00-$4,511,983.00
Temporarily restricted net assets $18,067,503.00$26,998,139.00$20,900,299.00$16,907,670.00
Permanently restricted net assets, end of yr $26,347,683.00$25,751,461.00$24,999,361.00$25,083,708.00
Net assets $42,147,973.00$51,239,069.00$44,257,226.00$37,479,395.00
Net assets, beginning of year $51,239,069.00$44,257,226.00$37,479,395.00$19,438,927.00
Other liabilities $183,674.00$186,382.00$190,997.00$192,047.00
Other assets $15,132,937.00$15,221,678.00$14,386,483.00$11,716,900.00
Investments: other securities $22,554,789.00$30,607,952.00$24,632,929.00$2,282,630.00
Investments: publicly traded securities  $144,594.00$117,808.00$16,812,562.00
Escrow or custodial account liability $23,375.00$19,450.00$22,600.00$22,850.00
Grants payable $2,356,065.00$2,466,316.00$2,207,728.00$2,116,756.00
Inventories for sale or use $47,474.00$25,232.00$30,797.00$9,105.00
Other financial variables
Revenue less expenses -$8,377,807.00$4,925,315.00$3,371,515.00$16,537,015.00
Advertising (total) $7,660.00$1,397.00$857.00$1,450.00
Savings & temp cash investment $2,582,086.00$2,573,294.00$1,185,341.00$854,621.00
Prepaid expenses & deferred charges $11,539.00$10,591.00$10,844.00$10,267.00
Accounts payable & accrued expenses $1,570,084.00$1,574,094.00$1,817,646.00$2,024,228.00
Deferred revenue $129,312.00$93,750.00$98,892.00$82,650.00
Unsecured notes & loans to unrelated parties $23,680.00$28,125.00$32,557.00$45,201.00
Secured mortgages and notes payable   $247,843.00$675,769.00
Total net assets or fund balances $42,147,973.00$51,239,069.00$44,257,226.00$37,479,395.00
Depreciation, depletion, amortization $2,077.00$2,714.00$3,278.00$4,184.00
Governance and accountability
Number of voting members 13121414
Number of independent voting members 13121313
Financial sheets were audited TrueTrueTrueTrue
Audit on consolidated basis TrueTrueTrueTrue
Relationships among key personnel TrueTrueTrueTrue
Accrual accounting TrueTrueTrueTrue
Tax year start date 2015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k TrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990990990
IRS schema version 2015v3.02014v6.02013v4.02012v2.1
Filing identifier 201701219349300980201611319349301091201501359349303290201421259349300407
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