Nonprofit · EIN 45-0344784
MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION
Tax-exempt · MINOT, ND 58707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,674,572 | $3,933,098 | $1,741,474 | $65,369,602 | $10,569,702 | $54,799,900 |
| June 30, 2024 | 990 | $5,668,064 | $5,668,219 | -$155 | $61,683,908 | $10,496,725 | $51,187,183 |
| June 30, 2023 | 990 | $5,304,845 | $3,230,752 | $2,074,093 | $57,770,697 | $10,454,711 | $47,315,986 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,425,446
- of which government grants
- $37,418
- Program service revenue
- $0
- Investment income
- $2,865,928
- Royalties
- $233,626
- Net rental income
- $16,803
- Net gain from sales of assets
- $1,027,634
- Other revenue
- $383,198
Expenses
- Grants and similar amounts paid
- $2,247,133
- Other salaries and wages
- $933,331
- Salaries, compensation and benefits (total)
- $933,331
- Professional fundraising fees
- $0
- Accounting fees
- $43,105
- Occupancy
- $85,147
- Travel
- $60,440
- Program services (functional)
- $2,788,358
- Management and general (functional)
- $584,204
- Fundraising (functional)
- $560,536
Balance sheet and other
- Total assets, start of year
- $61,683,908
- Total assets, end of year
- $65,369,602
- Total liabilities, end of year
- $10,569,702
- Net assets, end of year
- $54,799,900
- Land, buildings and equipment
- $11,317,440
- Publicly traded securities
- $50,133,677
- Net assets without donor restrictions
- $9,175,491
- Net assets with donor restrictions
- $45,624,409
- Gross receipts
- $6,976,448
- Employees
- 0
- Volunteers
- 17
- Year formed
- 1943
- State of legal domicile
- ND
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICK HEDBERG | EXECUTIVE DIRECTOR (EX-OFF Officer | 5 | $0 | $181,802 | $43,779 |
| KATHY AAS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| JON BACKES | PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| LESLIE COUGHLIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID GOWAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KENT KIRKHAMMER | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KAREN KREBSBACH | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| DAN LANGEMO | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JARID LUNDEEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| TOM PROBST | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| BOB SANDO | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MYRON THOMPSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR STEVE SHIRLEY | DIRECTOR (EX-OFFICIO) Trustee or director | 0.3 | $0 | $259,339 | $92,327 |
| RICK HEDBERG | EXECUTIVE DIRECTOR (EX-OFF Trustee or director, Officer | 5 | $0 | $145,310 | $40,395 |
| KRISTA LAMBRECHT | TREASURER (EX-OFFICIO) Trustee or director, Officer | 0.3 | $0 | $8,379 | $761 |
| JON BACKES | PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JARID LUNDEEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MYRON THOMPSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KATHY AAS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| BOB SANDO | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| DAN LANGEMO | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| DAVID GOWAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KAREN KREBSBACH | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| TOM PROBST | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KENT KIRKHAMMER | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| LESLIE COUGHLIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR STEVE SHIRLEY | DIRECTOR (EX-OFFICIO) Trustee or director | 0.3 | $0 | $250,164 | $82,483 |
| RICK HEDBERG | EXECUTIVE DIRECTOR (EX-OFF Trustee or director, Officer | 5 | $0 | $125,980 | $36,006 |
| BRENT WINIGER | TREASURER (EX-OFFICIO) Trustee or director, Officer | 0.3 | $0 | $100,987 | $37,332 |
| JON BACKES | PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JARID LUNDEEN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MYRON THOMPSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KATHY AAS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| BOB SANDO | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| DAN LANGEMO | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| DAVID GOWAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KAREN KREBSBACH | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| TOM PROBST | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| KENT KIRKHAMMER | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| LESLIE COUGHLIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 UNIVERSITY AVE W, MINOT, ND 58707-0002
- Principal officer (990 for 2024)
- RICK HEDBERG, 500 UNIVERSITY AVE W, MINOT, ND 58707
- Signed the 990
- RICK HEDBERG, EXECUTIVE DIRECTOR
- Phone
- (701) 858-3368
- Return prepared by
- BRADY MARTZ PLLC
Mission
TO ESTABLISH, PROMOTE AND STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR THE BENEFIT OF MINOT STATE UNIVERSITY, ESPECIALLY IN BUILDING OF ENDOWMENT AND IN ADDRESSING THE LONG-TERM PRIORITIES OF THE UNIVERSITY.
Program accomplishments
- PROVIDE SCHOLARSHIPS TO STUDENTS BASED ON CRITERIA AND SUPPORT THE UNIVERSITY THROUGH FUNDRAISING AND FUNDING OF VARIOUS CAMPUS PROJECTS AND UNIVERSITY ACTIVITIES.Expenses $2,788,358 · grants $2,247,133
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
- 45-0344784
- 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
- 2026
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $65,369,602
- Income (IRS master file)
- $6,976,448
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,674,572 | $3,933,098 | $65,369,602 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $5,668,064 | $5,668,219 | $61,683,908 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,304,845 | $3,230,752 | $57,770,697 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $11,663,994 | $2,806,889 | $52,940,174 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 45-0344784).
Questions about MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION
- What is the EIN of MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION is 45-0344784.
- Is MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
- Are donations to MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINOT STATE UNIVERSITY DEVELOPMENT 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 MINOT STATE UNIVERSITY DEVELOPMENT 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 MINOT STATE UNIVERSITY DEVELOPMENT 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 MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 names RICK HEDBERG.
- Who are the officers and directors of MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does MINOT STATE UNIVERSITY DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,674,572, expenses of $3,933,098 and total assets of $65,369,602 at year end.
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