NORTH DAKOTA STATE UNIVERSITY FOUNDATION
Mission Statement
MISSIONWith energy and momentum, North Dakota State University addresses the needs and aspirations of people in a changing world by building on our land-grant foundation. VISIONWe envision a vibrant university that will be globally identified as a contemporary metropolitan land-grant institution. CORE VALUESNDSU is guided by the following key values and principles: Land-GrantWe reflect and serve geographically and culturally diverse populations. We share institutional success across the university. We anticipate and welcome growth and service that will occur in ways yet to be conceived. We embrace our unique complexities as a land-grant university on the Northern Great Plains. We remain committed to serving people globally. PeopleWe derive strength and vitality from each other and from the diverse communities we serve. We care about the current and future welfare of our students, staff, and faculty. We promote excellence through individuals participating in decisions and value cooperation for the common good. ScholarshipWe are an engaged university and acknowledge and pursue scholarship of all forms, including discovery, teaching, integration, and application. We uphold the rights and responsibilities of academic freedom. Teaching and LearningWe provide a superior teaching and learning environment within and outside of the traditional classroom. We promote and value liberal, graduate, and professional education in a collegial environment where divergent ideas can be shared. We foster an environment that promotes life-long learning with individually-defined goals. EthicsWe maintain our integrity through principled action and ethical decision-making. CultureWe will be the land-grant university that we want to be by welcoming and respecting differences in people and ideas.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.2% | 84.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.6% | 13.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.3% | 0.7% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2047.7% | 550.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
146.3 mo | 10.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.9% | 31.2% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
64.0% | 88.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
48.2% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
3.0% | 7.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
48.7% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $102.4M | $52.5M | $640.7M | 77.2% | 67 |
| 2023 | $69.0M | $51.0M | $574.9M | 77.3% | 63 |
| 2022 | $58.2M | $55.5M | $534.7M | 82.8% | 58 |
| 2021 | $199.2M | $28.1M | N/A | — | 53 |
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