St Cloud State University Foundation INC

Tax-deductible

Saint Cloud, MN501(c)(3)Since 1958EducationEIN 41-6019040Revenue $6.1M in FY2025

On file with the IRSstcloudstate.edu/foundation720 4th Ave S, 56301-4442 · Saint Cloud, MNTax-exempt since Oct 1960Publicly supported — 509(a)(2)

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The Foundation serves students, faculty, and staff of St. Cloud State University through charitable gifts.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.5M a year · 22% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$312K
to officers and key staff · 8% of spending
Top officer’s pay higher than 84% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
21
named funders · $453K
Looks good: 21 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$225K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
-6% vs prior year
Spent
$4.0M
To programs
63%
Net assets
$65.3M
By yearFY2020–FY2025
Revenue
$6.1M
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$7.8M
FY2022$10.8M
FY2023$4.6M
FY2024$6.5M
FY2025$6.1M
Expenses
$4.0M
FY2025▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$4.4M
FY2022$6.0M
FY2023$5.4M
FY2024$7.4M
FY2025$4.0M
Net assets
$65.3M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$45.9M
FY2021$57.3M
FY2022$53.3M
FY2023$55.6M
FY2024$59.7M
FY2025$65.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1960.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $2.5M Management & general 19% · $743K Fundraising 18% · $732K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $312K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director - Part Year
$206,791Pt VII · Sec A
Director of Finance
$105,344Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicholas Katona’s $207K as Executive Director - Part Year is at the 84th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See St Cloud State University Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides charitable gifts to St. Cloud State University students, faculty, and staff.

Questions for St Cloud State University Foundation INC

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Provided by the organization

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3 programs · $2.5M · in their own filed words · FY2024
01

Scholarships

The foundation provides scholarship funds to the university to award to deserving students. Over 1,000 scholarships were awarded to over 1,400 students through the efforts of the foundation.

$1.5Mprogram expense
02

Departmental Support

The foundation provides support to the colleges and departments of the university. Over 150 units of the university benefit from these efforts.

$989Kprogram expense
03

Other University Support

The foundation provides other support to the university for various operational and program purposes.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 21 funders →
Grants paid · 6 grants · $18.8M · 2019–2024
St Cloud State UniversityFY2024$2,383,795
St Cloud State UniversityFY2023$4,569,507
St Cloud State UniversityFY2022$3,142,521
St Cloud State UniversityFY2021$3,221,934
St Cloud State UniversityFY2020$1,978,131
St Cloud State UniversityFY2019$3,509,020

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Investment incomeLn 3$3.6M
Gifts and grantsLn 1h$2.5M
Other incomeLn 4–11$21K
Money outPt IX
$4.0M
Ln 25
Programscol B$2.5M
Managementcol C$743K
Fundraisingcol D$732K
Owns and owesPt X
$65.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$65.5M
LiabilitiesLn 26$225K
PeoplePt VI, VII
21
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Noncash giftsLn 1g$10K
Investment incomeLn 3$3.6M
Other incomeLn 4–11$21K
Gains on assetsLn 7$1.8M
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$246K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$62.4M
Land, buildings, equipmentLn 10c$239K
Other assetsLn 15$0
Total assetsLn 16$65.5M
LiabilitiesLn 26$225K
Net assetsLn 32$65.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.7M
InvestmentsLn 11–13$57.1M$62.4M
Land, buildings, equipmentLn 10c$262K$239K
Total assetsLn 16$60.2M$65.5M
LiabilitiesLn 26$499K$225K
Net assetsLn 32$59.7M$65.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Other salaries and wagesLn 7$639K$23K$131K$486K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$54K$54K
Investment management feesLn 11f$150K$150K
Other fees for servicesLn 11g$949$435$514
Advertising and promotionLn 12$11K$8K$2K$1K
Office expensesLn 13$428K$12K$179K$237K
Information technologyLn 14$155K$155K
TravelLn 17$17K$7K$3K$7K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$138K$105K$33K
Total functional expensesLn 25$4.0M$2.5M$743K$732K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.1M$4.0M$2.1M$65.3M 990 PDF
FY2024 $6.5M$7.4M−$805K$59.7M 990 PDF
FY2023 $4.6M$5.4M−$812K$55.6M 990 PDF
FY2022 $10.8M$6.0M$4.8M$53.3M 990 PDF
FY2021 $7.8M$4.4M$3.4M$57.3M 990 PDF
FY2020 $7.1M$6.6M$552K$45.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $6,126,115 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,905,700$2,508,400
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,614,812$3,596,651
I-11 Other revenuePrior year $24,709$21,064
I-12 Total revenuePrior year $6,545,221$6,126,115
I-13 Grants and similar amounts paidPrior year $4,636,955$2,383,795
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,638,056$639,352
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,075,601$990,531
I-18 Total expensesPrior year $7,350,612$4,013,678
I-19 Revenue less expensesPrior year −$805,391$2,112,437
Part VI · Governance 18 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $6,126,115 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,508,400
VIII-1g Noncash contributions (included above)$10,348
VIII-1h Total contributions, gifts and grants$2,508,400
VIII-3 Investment incomeExcluded from tax $1,783,311$1,783,311
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,813,340$1,813,340
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $21,064$21,064
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,617,715$6,126,115
Part IX · Statement of functional expenses $4,013,678 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $2,383,795$2,383,795
IX-7 Other salaries and wagesPrograms $22,689 · Management $130,923 · Fundraising $485,740$639,352
IX-11b Legal feesManagement $3,250$3,250
IX-11c Accounting feesManagement $53,717$53,717
IX-11f Investment management feesManagement $149,627$149,627
IX-11g Other fees for servicesManagement $435 · Fundraising $514$949
IX-12 Advertising and promotionPrograms $8,229 · Management $1,546 · Fundraising $1,303$11,078
IX-13 Office expensesPrograms $11,547 · Management $179,062 · Fundraising $237,468$428,077
IX-14 Information technologyManagement $154,797$154,797
IX-17 TravelPrograms $6,912 · Management $2,671 · Fundraising $7,022$16,605
IX-22 Depreciation, depletion and amortizationManagement $23,332$23,332
IX-23 InsuranceManagement $10,819$10,819
IX-24 Other expenses (24a–d)Programs $105,225 · Management $33,055$138,280
IX-25 Total functional expensesPrograms $2,538,397 · Management $743,234 · Fundraising $732,047$4,013,678
Part X · Balance sheet $65,495,716 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $197,169$246,495
X-2 Savings and temporary cash investmentsStart of year $972,472$1,493,694
X-3 Pledges and grants receivableStart of year $1,250,805$925,207
X-4 Accounts receivableStart of year $50$50
X-9 Prepaid expenses and deferred chargesStart of year $154,308$147,165
X-10c Land, buildings and equipment, netStart of year $261,983$239,427
X-11 Publicly traded securitiesStart of year $54,599,966$59,624,327
X-12 Other securitiesStart of year $1,962,148$2,319,351
X-13 Program-related investmentsStart of year $500,000$500,000
X-15 Other assetsStart of year $346,689$0
X-16 Total assetsStart of year $60,245,590$65,495,716
X-17 Accounts payable and accrued expensesStart of year $173,262$21,677
X-25 Other liabilitiesStart of year $230,205$106,052
X-26 Total liabilitiesStart of year $498,734$225,496
X-27 Net assets without donor restrictionsStart of year $3,751,562$4,140,096
X-28 Net assets with donor restrictionsStart of year $55,995,294$61,130,124
X-32 Total net assets or fund balancesStart of year $59,746,856$65,270,220
X-33 Total liabilities and net assetsStart of year $60,245,590$65,495,716
Part XI · Reconciliation of net assets $65,270,220 net assets at year end
XI-1 Total revenue$6,126,115
XI-2 Total expenses$4,013,678
XI-3 Revenue less expenses$2,112,437
XI-4 Net assets at start of year$59,746,856
XI-5 Net unrealized gains (losses) on investments$3,441,874
XI-9 Other changes in net assets−$30,947
XI-10 Net assets at end of year$65,270,220

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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