Nonprofit · EIN 23-7002314
NORTHERN STATE UNIVERSITY FOUNDATION
Tax-exempt · ABERDEEN, SD 57401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,595,302 | $9,305,024 | $3,290,278 | $76,245,269 | $7,901,273 | $68,343,996 |
| June 30, 2024 | 990 | $13,460,719 | $8,534,566 | $4,926,153 | $70,844,993 | $9,865,674 | $60,979,319 |
| June 30, 2023 | 990 | $8,393,561 | $7,737,550 | $656,011 | $63,521,925 | $12,406,676 | $51,115,249 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,684,023
- Program service revenue
- $916,961
- Investment income
- $2,885,657
- Net rental income
- $41,157
- Net gain from sales of assets
- $2,137,940
- Net income from gaming
- $67,504
- Other revenue
- $108,661
Expenses
- Grants and similar amounts paid
- $6,968,682
- Compensation of officers, directors and key employees
- $361,338
- Other salaries and wages
- $780,019
- Salaries, compensation and benefits (total)
- $1,141,357
- Professional fundraising fees
- $56,000
- Legal fees
- $9,424
- Accounting fees
- $74,318
- Occupancy
- $20,351
- Travel
- $17,442
- Depreciation
- $24,331
- Program services (functional)
- $7,148,380
- Management and general (functional)
- $1,351,820
- Fundraising (functional)
- $804,824
Balance sheet and other
- Total assets, start of year
- $70,844,993
- Total assets, end of year
- $76,245,269
- Total liabilities, end of year
- $7,901,273
- Net assets, end of year
- $68,343,996
- Land, buildings and equipment
- $806,205
- Publicly traded securities
- $13,283,575
- Net assets without donor restrictions
- $2,417,818
- Net assets with donor restrictions
- $65,926,178
- Gross unrelated business income
- -$37,078
- Gross receipts
- $15,137,568
- Employees
- 17
- Volunteers
- 191
- Year formed
- 1968
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zach FlakusPresident | CEO/Non-Voting Director Officer | 40 | $195,916 | $11,851 |
| Kaylee Babcock to Apr 2025 | CFO Officer | 40 | $90,582 | $11,851 |
| Dr Neal Schnoor to May 2025 | Non-Voting Director Trustee or director | 2 | $4,592 | $0 |
| Megan Biegler | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Mike Bockorny to Sep 2024 | Past-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Jared Jacobson | Chair-Elect Trustee or director, Officer | 2 | $0 | $0 |
| Alex Grieben | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Greg Wieker | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jess Koehler | Director Trustee or director | 1 | $0 | $0 |
| Kila LeGrand | Director Trustee or director | 0.5 | $0 | $0 |
| Mark McNeary | Director Trustee or director | 0.5 | $0 | $0 |
| Eric Payne from Oct 2024 | Director Trustee or director | 0.5 | $0 | $0 |
| Jennifer Ring | Director Trustee or director | 0.5 | $0 | $0 |
| Allie Ryckman | Director Trustee or director | 0.5 | $0 | $0 |
| Arthur Russo | Director Trustee or director | 0.5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle Schwan | Director Trustee or director | 0.5 | $0 |
| Steve Stickelmyer | Director Trustee or director | 0.5 | $0 |
| Sandy Vosika from Oct 2024 | Director Trustee or director | 1 | $0 |
| Ric Dias | Director Trustee or director | 0.5 | $0 |
| Chad Bergan to Sep 2024 | Director Trustee or director | 0.5 | $0 |
| Laurie Nichols from Jun 2025 | Non-Voting Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zach Flakus | President/CEO/Non-Voting Director Trustee or director, Officer | 40 | $187,363 | $11,782 |
| Kaylee Babcock | CFO Officer | 40 | $88,582 | $11,782 |
| Dr Neal Schnoor | Non-Voting Director Trustee or director | 2 | $4,395 | $0 |
| Megan Biegler | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Mike Bockorny | Past-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Steve Stickelmyer | Chair-Elect Trustee or director, Officer | 2 | $0 | $0 |
| Greg Wieker | Secretary/Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Chad Bergan | Director Trustee or director | 0.5 | $0 | $0 |
| Andrew Rehder to 10523 | Director Trustee or director | 0.5 | $0 | $0 |
| Jennifer Ring | Director Trustee or director | 0.5 | $0 | $0 |
| Jim Koehler to 10523 | Director Trustee or director | 0.5 | $0 | $0 |
| Mark McNeary | Director Trustee or director | 0.5 | $0 | $0 |
| Allie Ryckman | Director Trustee or director | 1 | $0 | $0 |
| Arthur Russo | Director Trustee or director | 0.5 | $0 | $0 |
| Kyle Schwan | Director Trustee or director | 0.5 | $0 | $0 |
| Ric Dias | Director Trustee or director | 0.5 | $0 | $0 |
| Jess Koehler | Director Trustee or director | 1 | $0 | $0 |
| Kila LeGrand | Director Trustee or director | 0.5 | $0 | $0 |
| Alex Grieben from 10523 | Director Trustee or director | 1 | $0 | $0 |
| Jared Jacobson from 111623 | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zach Flakus | President/CEO/Non-Voting Director Trustee or director, Officer | 40 | $183,119 | $9,872 |
| Kaylee Babcock | CFO Officer | 40 | $74,798 | $8,227 |
| Dr Neal Schnoor | Non-Voting Director Trustee or director | 2 | $3,597 | $0 |
| Megan Biegler | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Mike Bockorny | Past-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Steve Stickelmyer | Chair-Elect Trustee or director, Officer | 2 | $0 | $0 |
| Greg Wieker | Secretary/Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Chad Bergan | Director Trustee or director, Officer | 0.5 | $0 | $0 |
| Andrew Rehder | Director Trustee or director | 0.5 | $0 | $0 |
| Jennifer Ring | Director Trustee or director | 0.5 | $0 | $0 |
| Jim Koehler | Director Trustee or director | 0.5 | $0 | $0 |
| Mark McNeary | Director Trustee or director | 0.5 | $0 | $0 |
| Allie Ryckman | Director Trustee or director | 1 | $0 | $0 |
| Arthur Russo | Director Trustee or director | 0.5 | $0 | $0 |
| Kyle Schwan | Director Trustee or director | 1 | $0 | $0 |
| Ric Dias | Director Trustee or director | 0.5 | $0 | $0 |
| Jess Koehler | Director Trustee or director | 1 | $0 | $0 |
| Kila LeGrand | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 620 15TH AVE SE, ABERDEEN, SD 57401-7610
- Principal officer (990 for 2024)
- Zach Flakus, 620 15th Ave SE, Aberdeen, SD 574017610
- Signed the 990
- Zach Flakus, President and CEO
- Phone
- (605) 626-2550
- Return prepared by
- Eide Bailly LLP
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.
Program accomplishments
- NSU Foundation paid 902 academic, 849 departmental, and 668 athletic scholarships to students attending Northern State University.Expenses $3,870,710 · grants $3,870,710
- NSU Foundation provided funds to support Northern State University special projects, including departmental support of $2,155,674, athletic support of $902,781, and operational support of $146,985.Expenses $3,097,972 · grants $3,097,972 · revenue $926,997
- NSU Foundation provided support for alumni events to develop a spirit of camaraderie and fraternity among the NSU alumni, donors, and friends.Expenses $179,698
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7002314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $76,245,269
- Income (IRS master file)
- $15,137,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,595,302 | $9,305,024 | $76,245,269 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $13,460,719 | $8,534,566 | $70,844,993 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $8,393,561 | $7,737,550 | $63,521,925 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $9,430,075 | $11,162,432 | $67,511,706 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7002314).
Questions about NORTHERN STATE UNIVERSITY FOUNDATION
- What is the EIN of NORTHERN STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of NORTHERN STATE UNIVERSITY FOUNDATION is 23-7002314.
- Is NORTHERN STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to NORTHERN STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHERN STATE UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTHERN STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHERN STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTHERN STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names Zach Flakus.
- Who are the officers and directors of NORTHERN STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 3 received compensation from the organization, the highest $195,916 (Zach FlakusPresident, CEO/Non-Voting Director).
- How much revenue does NORTHERN STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,595,302, expenses of $9,305,024 and total assets of $76,245,269 at year end.
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