North Dakota State University Foundation
1241 University Dr N, Fargo, ND · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $102,362,441 | $52,535,207 | $640,658,595 |
| FY2023 | $69,047,973 | $51,010,035 | $574,917,695 |
| FY2022 | $58,170,689 | $55,497,623 | $534,709,696 |
| FY2021 | $199,184,967 | $28,095,849 | $596,239,920 |
| FY2020 | $29,663,255 | $26,474,179 | $414,767,679 |
| FY2019 | $103,753,830 | $34,496,672 | $393,295,143 |
| FY2018 | $57,713,567 | $22,042,473 | $303,836,204 |
| FY2017 | $57,378,454 | $14,386,375 | $287,922,965 |
| FY2016 | $29,480,886 | $25,219,131 | $228,505,913 |
| FY2015 | $25,265,300 | $23,554,596 | $215,153,324 |
| FY2014 | $41,617,265 | $21,956,631 | $219,122,822 |
| FY2013 | $39,188,290 | $12,689,545 | $196,475,253 |
| FY2012 | $19,357,354 | $15,154,570 | $173,376,837 |
| FY2011 | $14,542,851 | $5,633,547 | $160,216,994 |
Form 990 filings
The returns filed by North Dakota State University Foundation (EIN 23-7120898), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $65,520,128 | 64% |
| Program service revenue | $1,278,689 | 1% |
| Other revenue | $35,563,624 | 35% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $40,542,481 | 77% |
| Management & general | $7,121,668 | 14% |
| Fundraising | $4,871,058 | 9% |
What the numbers show
- Contributions & grants made up 64% of total revenue in FY2024.
- Program services accounted for 77% of functional expenses, management & general 14%, and fundraising 9%.
- 77% of functional expenses went to program services in FY2024. That is higher than 23.5% of 4430 Education organizations nationwide (too few in ND for a state comparison).
- Net assets covered about 146.3 months of expenses at the end of the reporting year. That puts it in the 77th percentile among 118 Education organizations in ND.
- Total revenue was the highest among 123 Education organizations in ND.
- Total revenue rose from $14,542,851 in FY2011 to $102,362,441 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- The highest revenue on record here is $199,184,967 in FY2021.
- Net assets grew from $160,216,994 to $640,658,595 between FY2011 and FY2024.
- Contributions and grants made up 97% of revenue in FY2011 and 64% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Building enduring relationships that maximize advocacy and philanthropy to support NDSU.
IRS status
| Ruling year | 1971 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- University of Mary — Bismarck, ND · $111,552,517
- Theodore Roosevelt Presidential Library Foundation — Bismarck, ND · $69,456,974
- University of Jamestown — Jamestown, ND · $67,512,683
- Anne Carlsen Center — Jamestown, ND · $48,405,868
- Und Aerospace Foundation — Grand Forks, ND · $43,834,481
- Und Alumni Association and Foundation — Grand Forks, ND · $42,421,576
- United Tribes Technical College — Bismarck, ND · $33,912,395
- Turtle Mountain College — Belcourt, ND · $25,822,978
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.