Nonprofit · EIN 46-6018891
UNIVERSITY OF SOUTH DAKOTA FOUNDATION
Tax-exempt · VERMILLION, SD 57069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,209,482 | $33,858,071 | $4,351,411 | $367,452,853 | $18,319,092 | $349,133,761 |
| December 31, 2023 | 990 | $28,171,802 | $31,652,541 | -$3,480,739 | $354,810,157 | $18,218,368 | $336,591,789 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,520,743
- Program service revenue
- $1,425,875
- Investment income
- $15,062,491
- Net rental income
- $59,549
- Net gain from sales of assets
- $5,089,981
- Net income from fundraising events
- $140,382
- Other revenue
- $200,373
Expenses
- Grants and similar amounts paid
- $26,600,179
- Compensation of officers, directors and key employees
- $797,283
- Other salaries and wages
- $2,859,302
- Salaries, compensation and benefits (total)
- $4,430,086
- Professional fundraising fees
- $208,459
- Accounting fees
- $72,062
- Occupancy
- $225,071
- Travel
- $335,658
- Depreciation
- $131,002
- Program services (functional)
- $26,600,179
- Management and general (functional)
- $3,907,870
- Fundraising (functional)
- $3,350,022
Balance sheet and other
- Total assets, start of year
- $354,810,157
- Total assets, end of year
- $367,452,853
- Total liabilities, end of year
- $18,319,092
- Net assets, end of year
- $349,133,761
- Land, buildings and equipment
- $2,027,204
- Publicly traded securities
- $265,806,307
- Net assets without donor restrictions
- -$18,938,217
- Net assets with donor restrictions
- $368,071,978
- Gross unrelated business income
- $442
- Gross receipts
- $136,696,656
- Employees
- 51
- Volunteers
- 151
- Year formed
- 1928
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NOAH SHEPARD - VP OF | DEVELOP./PRESIDENT & CEO (MAR-DEC) Officer | 45 | $213,954 | $21,068 |
| NICK KOTZEA | SEC/TREAS; COO & GENERAL COUNSEL Officer | 45 | $195,809 | $12,958 |
| CYNTHIA CARLSON | ED OF PLANNED GIVING Highest-paid employee | 45 | $169,344 | $26,352 |
| JAY WILSON | PRESIDENT AND CEO (JAN-FEB) Officer | 45 | $186,103 | $4,207 |
| PEGGY MACH | VP OF FINANCE Officer | 45 | $147,845 | $14,164 |
| CHRISTOPHER KASSIN | VP OF CORPORATE & FDTN RELATIONS Highest-paid employee | 45 | $144,918 | $17,072 |
| ANDREW CARR | ED OF DEVELOPMENT Highest-paid employee | 45 | $144,223 | $17,584 |
| STEPHANIE AUSTIN - VP OF | ADVANCEMENT SERV. & COMMUNICATIONS Highest-paid employee | 45 | $120,787 | $14,798 |
| KELLYNA WARNKE - SENIOR DIR | OF DEVELOPMENT - HEALTH AFFAIRS Highest-paid employee | 45 | $126,538 | $7,584 |
| KEVIN DOYLE | CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| LANCE BULTENA | VICE CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| RYAN TAYLOR | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| RUSS DOKKEN - BOARD OF | DIRECTORS/INTERIM CEO (FEB-MAY) Trustee or director, Officer | 10 | $0 | $0 |
| NANCY A GALLAGHER | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| TOM GALLAGHER | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK HOPKINS | BOARD OF DIRECTORS (JAN-OCT) Trustee or director | 0.4 | $0 |
| DEBORAH PETERS | BOARD OF DIRECTORS (JAN-OCT) Trustee or director | 0.4 | $0 |
| JULIE JOHNSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| KYLE JORGENSEN | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| JAFAR KARIM | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| TERRANCE KURTENBACH | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| BRANDEE SCHULTZ | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| PAUL HANSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| NATHAN PETERSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| JAMES ABBOTT | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| JUDITH MEIERHENRY | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| MARY NETTLEMAN | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| PATRICK JOHNSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| ANDREA THOMPSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| TRAVIS HAHLER | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 |
| GARY FISH | BOARD OF DIRECTORS (OCT-DEC) Trustee or director | 0.4 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAY WILSON | PRESIDENT AND CEO Officer | 45 | $305,145 | $21,710 |
| NICK KOTZEA | SEC/TREAS; COO & GENERAL COUNSEL Officer | 45 | $185,844 | $12,162 |
| CYNTHIA CARLSON | ED OF PLANNED GIVING Highest-paid employee | 45 | $160,811 | $24,338 |
| NOAH SHEPARD | VP OF DEVELOPMENT Highest-paid employee | 45 | $143,398 | $14,289 |
| CHRISTOPHER KASSIN | VP OF CORPORATE RELATIONS Highest-paid employee | 45 | $137,072 | $16,248 |
| ANDREW CARR | ED OF LEADERSHIP ANNUAL GIVING Highest-paid employee | 45 | $136,331 | $16,668 |
| PEGGY MACH | VP OF FINANCE Officer | 45 | $126,489 | $12,669 |
| KELLYNA WARNKE | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 45 | $119,613 | $6,720 |
| KEVIN DOYLE | VICE CHAIR/CHAIR BEG. 10/2023 Trustee or director, Officer | 0.7 | $0 | $0 |
| LANCE BULTENA - VICE CHAIR- | ELECT/VICE CHAIR BEG. 10/2023 Trustee or director, Officer | 0.7 | $0 | $0 |
| GARY BEGEMAN - LEFT 102023 | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.7 | $0 | $0 |
| RYAN TAYLOR - CHAIRIMMEDIATE | PAST CHAIR BEG. 10/2023 Trustee or director, Officer | 0.7 | $0 | $0 |
| JAMES CLEMENT - LEFT 102023 | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| MARGARET DOYLE - LEFT 102023 | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| NANCY A GALLAGHER | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| TOM GALLAGHER | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| JACK HOPKINS | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| DEBORAH PETERS | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| BERGEN PETERSON - LEFT 102023 | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| JULIE JOHNSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| KYLE JORGENSEN | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| JAFAR KARIM | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| TERRANCE KURTENBACH | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| BRANDEE SCHULTZ | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| PAUL HANSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| NATHAN PETERSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| JAMES ABBOTT | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| JUDITH MEIERHENRY | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| MARY NETTLEMAN | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| PATRICK JOHNSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| ANDREA THOMPSON | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| TYLER TORDSEN - LEFT 102023 | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| RUSS DOKKEN - JOINED 102023 | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
| TRAVIS HAHLER - JOINED 102023 | BOARD OF DIRECTORS Trustee or director | 0.4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1110 N DAKOTA ST, VERMILLION, SD 57069-1218
- Principal officer (990 for 2024)
- NOAH SHEPARD, 1110 N DAKOTA, VERMILLION, SD 57069
- Signed the 990
- NOAH SHEPARD, PRESIDENT AND CEO
- Phone
- (605) 677-6703
- Website
- WWW.USDALUMNI.ORG
- Return prepared by
- EIDE BAILLY LLP
Mission
TO PROVIDE PRIVATE RESOURCES FOR THE UNIVERSITY OF SOUTH DAKOTA TO INCREASE THE EXCELLENCE OF ITS STUDENTS' EDUCATIONAL EXPERIENCE.
Program accomplishments
- PROVIDE SCHOLARSHIP FUNDS TO INCREASE THE ACADEMIC EXCELLENCE OF THE STUDENT BODY AND THE QUALITY OF THEIR EDUCATIONAL EXPERIENCE. SCHOLARSHIPS ARE AWARDED FOR BOTH RECRUITING AND RETENTION PURPOSES. $12.3 MILLION AND $11.1 MILLION IN SCHOLARSHIPS WERE AWARDED AS OF DECEMBER 31, 2024 AND 2023, RESPECTIVELY. THIS LEVEL OF FUNDING REPRESENTS AN INCREASE OF 30.3% OVER THE LAST 5 YEARS.Expenses $12,348,296 · grants $12,348,296 · revenue $1,436,212
- PROVIDE FUNDS TO CONSTRUCT NEW CAMPUS FACILITIES AND RESTORE, REPAIR AND MAINTAIN EXISTING FACILITIES. THE FOUNDATION HAS BEEN INSTRUMENTAL IN A MAJOR RENOVATION AND RECONSTRUCTION PLAN FOR FACILITIES AT USD. SINCE 1996, $119.0 MILLION HAS BEEN PROVIDED FOR FACILITIES THAT HAVEENHANCED THE STUDENTS' EDUCATIONAL EXPERIENCE AND OPPORTUNITIES.Expenses $7,747,906 · grants $7,747,906
- PROVIDE FUNDS TO SUPPORT ACADEMIC FACULTY THROUGH SALARY AUGMENTATION, RESEARCH AND PROFESSIONAL DEVELOPMENT, SUPPORT OF STUDENT TRAVEL AND RESEARCH, AND SUPPORT OF USD MUSEUMS AND VARIOUS AUXILIARY PROGRAMS. IN 2024, $6.4 MILLION WAS PROVIDED TO SUPPORT THESE NEEDS.Expenses $6,425,919 · grants $6,425,919
- PROVIDE FUNDS TO SUPPORT SCHOLARSHIP AND VARIOUS PROGRAMS AT OTHER ORGANIZATIONS. IN 2024, $78.1 THOUSAND WAS PROVIDED TO SUPPORT THESE NEEDS.Expenses $78,058 · grants $78,058
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-6018891
- 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
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $367,452,853
- Income (IRS master file)
- $136,696,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $38,209,482 | $33,858,071 | $367,452,853 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $28,171,802 | $31,652,541 | $354,810,157 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $26,328,274 | $25,290,294 | $334,981,490 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 46-6018891).
Questions about UNIVERSITY OF SOUTH DAKOTA FOUNDATION
- What is the EIN of UNIVERSITY OF SOUTH DAKOTA FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF SOUTH DAKOTA FOUNDATION is 46-6018891.
- Is UNIVERSITY OF SOUTH DAKOTA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to UNIVERSITY OF SOUTH DAKOTA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF SOUTH DAKOTA 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 UNIVERSITY OF SOUTH DAKOTA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF SOUTH DAKOTA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNIVERSITY OF SOUTH DAKOTA FOUNDATION?
- The 990 for the year ended December 31, 2024 names NOAH SHEPARD.
- Who are the officers and directors of UNIVERSITY OF SOUTH DAKOTA FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 31 people; 9 received compensation from the organization, the highest $213,954 (NOAH SHEPARD - VP OF, DEVELOP./PRESIDENT & CEO (MAR-DEC)).
- How much revenue does UNIVERSITY OF SOUTH DAKOTA FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,209,482, expenses of $33,858,071 and total assets of $367,452,853 at year end.
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