Charity Search / NORTH DAKOTA STATE UNIVERSITY FOUNDATION
Education (B110) IRS Verified DX Registered 990 on File

NORTH DAKOTA STATE UNIVERSITY FOUNDATION

EIN: 23-7120898 · FARGO, ND 58102-2524 · United States · FY 2024 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 82/100
Reliability (20%) 55/100
Effectiveness (25%) 97/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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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
$102.4M
Total Revenue
$52.5M
Total Expenses
$640.7M
Net Assets
67
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 77.2%
Fundraising Efficiency 2047.7%
Operating Reserve 146.34x
Liability-to-Asset 6.9%
Revenue Diversification 64.0%
Executive Compensation $733K
Compared with Peers
FY 2024
Compared with 1,943 similar organizations (United States, Education, $10M–$100M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
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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Organization Details
EIN
23-7120898
State
ND
City
FARGO
ZIP
58102-2524
Classification
B110
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1890
Foundation Code
13
Form 990
On File
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