University of South Dakota Foundation
1110 N Dakota St, Vermillion, SD · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $38,209,482 | $33,858,071 | $349,133,761 |
| FY2023 | $28,171,802 | $31,652,541 | $336,591,789 |
| FY2022 | $26,328,274 | $25,290,294 | $316,926,690 |
| FY2021 | $26,429,631 | $21,833,254 | $354,609,394 |
| FY2020 | $49,591,248 | $22,065,023 | $332,603,809 |
| FY2019 | $28,430,716 | $27,316,176 | $280,186,108 |
| FY2018 | $23,358,295 | $21,434,272 | $256,744,542 |
| FY2017 | $28,201,530 | $22,079,972 | $268,440,531 |
| FY2016 | $27,897,889 | $33,541,938 | $237,470,794 |
| FY2015 | $16,996,563 | $8,021,157 | $239,092,081 |
| FY2014 | $23,620,329 | $16,864,177 | $237,748,627 |
| FY2013 | $21,832,042 | $15,807,104 | $205,467,640 |
| FY2012 | $13,991,079 | $16,494,148 | $180,417,939 |
Form 990 filings
The returns filed by University of South Dakota Foundation (EIN 46-6018891), 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 | $21,520,743 | 56% |
| Program service revenue | $1,425,875 | 4% |
| Other revenue | $15,262,864 | 40% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $26,600,179 | 79% |
| Management & general | $3,907,870 | 12% |
| Fundraising | $3,350,022 | 10% |
What the numbers show
- Contributions & grants made up 56% of total revenue in FY2024.
- Program services accounted for 79% of functional expenses, management & general 12%, and fundraising 10%.
- 79% of functional expenses went to program services in FY2024. That is higher than 27.5% of 4430 Education organizations nationwide (too few in SD for a state comparison).
- Net assets covered about 123.7 months of expenses at the end of the reporting year. That puts it in the 84th percentile among 159 Education organizations in SD.
- Total revenue was higher than 98.1% of 160 Education organizations in SD.
- Total revenue rose from $13,991,079 in FY2012 to $38,209,482 in FY2024. Revenue increased in 8 and decreased in 4 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 13 reported years (FY2012, FY2016, FY2023).
- The highest revenue on record here is $49,591,248 in FY2020.
- Net assets grew from $180,417,939 to $349,133,761 between FY2012 and FY2024.
- Contributions and grants made up 68% of revenue in FY2012 and 56% 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
PROVIDE PRIVATE RESOURCES TO BENEFIT THE UNIVERSITY OF SOUTH DAKOTA.
IRS status
| Ruling year | 1967 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B114 — Education |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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.
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