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Nonprofit · EIN 23-7101061

MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC

Tax-exempt · MOORHEAD, MN 56563

Financials

$6.2M$4.8M2023$14.6M$6M2024
Revenue Expenses · by fiscal year end
Financials of MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$14,600,143$5,993,156$8,606,987$77,517,197$8,177,056$69,340,141
June 30, 2024990$6,196,450$4,824,504$1,371,946$64,335,855$4,801,020$59,534,835
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$8,537,552
of which government grants
$2,811,479
Program service revenue
$0
Investment income
$5,831,408
Net rental income
$231,183
Net gain from sales of assets
-$362,211
Other revenue
$231,183

Expenses

Grants and similar amounts paid
$2,102,172
Other salaries and wages
$1,203,341
Salaries, compensation and benefits (total)
$1,518,543
Professional fundraising fees
$0
Legal fees
$15,173
Accounting fees
$32,588
Occupancy
$4,521
Travel
$139,926
Depreciation
$251,352
Program services (functional)
$2,807,770
Management and general (functional)
$2,338,374
Fundraising (functional)
$847,012

Balance sheet and other

Total assets, start of year
$64,335,855
Total assets, end of year
$77,517,197
Total liabilities, end of year
$8,177,056
Net assets, end of year
$69,340,141
Land, buildings and equipment
$10,341,790
Publicly traded securities
$53,973,930
Net assets without donor restrictions
$8,416,421
Net assets with donor restrictions
$60,923,720
Gross receipts
$23,311,645
Employees
16
Volunteers
24
Year formed
1969
State of legal domicile
MN

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.

NameTitleHours / weekCompensationOther / benefits
JARED MILLERAVP OF DEVELOPMENT
Highest-paid employee
40$147,037$9,295
NANETTE BOEDIRECTOR OF FINANCE AND AD
Highest-paid employee
40$121,078$7,638
JENNI WALTHALLSENIOR DIRECTOR OF DEVELOP
Highest-paid employee
40$116,092$7,320
CODY JANGULADIRECTOR OF DEVELOPMENT
Highest-paid employee
40$108,592$6,874
ADAM BERNIERPRESIDENT
Trustee or director, Officer
4$0$0
TONYA STENDEVICE PRESIDENT
Trustee or director, Officer
2.5$0$0
BRAD SHAMLASECRETARY
Trustee or director, Officer
1$0$0
LISA GIESETREASURER
Trustee or director, Officer
2$0$0
JAN MAHONEYPAST PRESIDENT
Trustee or director, Officer
0.5$0$0
TARA BALTESDIRECTOR
Trustee or director
0.5$0$0
STACY BROMANDIRECTOR
Trustee or director
0.5$0$0
JEANNIE CAMARILLODIRECTOR
Trustee or director
0.5$0$0
ELLEN CASEDIRECTOR
Trustee or director
0.5$0$0
LEAH CLEMEDTSONDIRECTOR
Trustee or director
0.5$0$0
DAYNA DEL VALDIRECTOR
Trustee or director
0.5$0$0
10 more people on this return
NameTitleHours / weekCompensation
ANNA KNUTSONDIRECTOR
Trustee or director
0.5$0
BRIAN FRENCHDIRECTOR
Trustee or director
0.5$0
JUDD GRAHAMDIRECTOR
Trustee or director
0.5$0
JENNI HUOTARIDIRECTOR
Trustee or director
0.5$0
GREGORY LOFDIRECTOR
Trustee or director
0.5$0
PETER GEIBDIRECTOR
Trustee or director
0.5$0
JAY NIBBEDIRECTOR
Trustee or director
0.5$0
VINCE WILLIAMSDIRECTOR
Trustee or director
0.5$0
COREY WALTHERDIRECTOR
Trustee or director
0.5$0
GARY HAUGOEXECUTIVE DIRECTOR
Officer
20$0
990 for the year ended June 30, 2024: 29 people
NameTitleHours / weekCompensationOther / benefits
JARED MILLERAVP OF DEVELOPMENT
Highest-paid employee
40$142,713$7,436
NANETTE BOEDIRECTOR OF FINANCE AND AD
Highest-paid employee
40$117,524$6,111
JENNI WALTHALLSENIOR DIRECTOR OF DEVELOP
Highest-paid employee
40$112,687$5,856
CODY JANGULADIRECTOR OF DEVELOPMENT
Highest-paid employee
40$105,394$5,500
JASON HERBERSDIRECTOR OF DEVELOPMENT -
Highest-paid employee
40$109,006$0
JAN MAHONEYPRESIDENT
Trustee or director, Officer
4$0$0
ADAM BERNIERVICE PRESIDENT
Trustee or director, Officer
2.5$0$0
RON GRAHAMSECRETARY
Trustee or director, Officer
1$0$0
TIM SAYLERTREASURER
Trustee or director, Officer
2$0$0
BRAD WIMMERPAST PRESIDENT
Trustee or director, Officer
0.5$0$0
TARA BALTESDIRECTOR
Trustee or director
0.5$0$0
STACY BROMANDIRECTOR
Trustee or director
0.5$0$0
PETER BOLOGNADIRECTOR
Trustee or director
0.5$0$0
JEANNIE CAMARILLODIRECTOR
Trustee or director
0.5$0$0
ELLEN CASEDIRECTOR
Trustee or director
0.5$0$0
LEAH CLEMEDTSONDIRECTOR
Trustee or director
0.5$0$0
BRAD SHAMLADIRECTOR
Trustee or director
0.5$0$0
DAYNA DEL VALDIRECTOR
Trustee or director
0.5$0$0
ANNA KNUTSONDIRECTOR
Trustee or director
0.5$0$0
BRIAN FRENCHDIRECTOR
Trustee or director
0.5$0$0
JUDD GRAHAMDIRECTOR
Trustee or director
0.5$0$0
JENNI HUOTARIDIRECTOR
Trustee or director
0.5$0$0
KERSTIN KEALYDIRECTOR
Trustee or director
0.5$0$0
GREGORY LOFDIRECTOR
Trustee or director
0.5$0$0
PETER GEIBDIRECTOR
Trustee or director
0.5$0$0
LISA GIESEDIRECTOR
Trustee or director
0.5$0$0
TONYA STENDEDIRECTOR
Trustee or director
0.5$0$0
COREY WALTHERDIRECTOR
Trustee or director
0.5$0$0
GARY HAUGOEXECUTIVE DIRECTOR
Officer
20$0$0

Address and contacts

Address (IRS master file)
1104 7TH AVE S, MOORHEAD, MN 56563-0001
Principal officer (990 for 2024)
ADAM BERNIER, 1104 7TH AVE S, MOORHEAD, MN 56563
Signed the 990
ADAM BERNIER, PRESIDENT
Phone
(218) 477-2089
Return prepared by
WIDMER ROEL PC

Mission

WE CREATE OPPORTUNITIES FOR GENERATIONS OF MSUM STUDENTS BY INSPIRING ALUMNI AND FRIENDS TO CONNECT, ENGAGE AND GIVE.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDES ACADEMIC SCHOLARSHIP FUNDING TO MINNESOTA STATE UNIVERSITY MOORHEAD. IN 2024-2025, 517 MSUM STUDENTS RECEIVED SCHOLARSHIPS, MANY OF WHOM ARE FIRST GENERATION UNIVERSITY STUDENTS. SCHOLARSHIP FUNDING SUPPORTS RECRUITMENT AND RETENTION OF STUDENTS. IT ALSO INCLUDES SCHOLARSHIPS TO STUDENT ATHLETES AS PART OF THEIR TOTAL AWARD PACKAGE FROM THE UNIVERSITY. FUNDRAISING FOR SCHOLARSHIPS IS A PRIORITY FOR THE FOUNDATION.
    Expenses $1,656,994 · grants $1,656,994
  • PROVIDES FUNDING TO MINNESOTA STATE UNIVERSITY MOORHEAD TO ENHANCE AND SUPPORT IT'S MISSION FOR ACADEMIC EXCELLENCE. FUNDING TO ACADEMIC DEPARTMENTS INCLUDES STUDENT RESEARCH PRESENTATION TRAVEL, NEW RIVERS PRESS, STUDENT AWARDS, FACULTY RESEARCH, DILLE FUND FOR EXCELLENCE, GLASRUD LECTURE SERIES, MARCIL CENTER FOR JOURNALISM PLUS MANY MORE.
    Expenses $445,178 · grants $445,178
  • PROVIDES FUNDING AND ACTIVITIES TO DEVELOP STRONG, ONGOING RELATIONSHIPS WITH MSUM ALUMNI AND FRIENDS INCLUDING HOMECOMING, VARIOUS COMMUNICATION TOOLS, REUNIONS AND OTHER ALUMNI FUNCTIONS AND EVENTS.
    Expenses $705,598

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
23-7101061
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$77,517,197
Income (IRS master file)
$23,311,645

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$14,600,143$5,993,156$77,517,197XML
990June 2024$6,196,450$4,824,504$64,335,855XML
990June 2023$4,286,839$5,008,513$57,080,593IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 23-7101061).

Questions about MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC

What is the EIN of MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC?
The employer identification number (EIN) of MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC is 23-7101061.
Is MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC 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 MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC 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 MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC 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 MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC?
The 990 for the year ended June 30, 2025 names ADAM BERNIER.
Who are the officers and directors of MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 25 people; 4 received compensation from the organization, the highest $147,037 (JARED MILLER, AVP OF DEVELOPMENT).
How much revenue does MINNESOTA STATE UNIVERSITY MOORHEAD FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $14,600,143, expenses of $5,993,156 and total assets of $77,517,197 at year end.

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