Minot State University Development Foundation

Public charity · Grantmaker Minot, ND EIN: 45-0344784

To establish, promote and stimulate voluntary financial support for the benefit of minot state university, especially in building of endowment and in addressing the long-term priorities of the university.

Key facts about Minot State University Development Foundation

In short: Minot State University Development Foundation gave $2.2M across 1 grant in 2025 (avg $2.2M), mostly in North Dakota. Source: 2025 IRS Form 990.

EIN
45-0344784
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$2,247,133
Grants made (2025)
1
Average grant
$2,247,133
Median grant
$2,247,133
Total assets
$65,369,602
Primary geography
North Dakota (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$65.4M

+6.0% YoY

Annual Giving

$2.2M

-50.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$2.2M

-50.2% YoY

How Minot State University Development Foundation gives

  • Giving grew 33% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Minot State University Development Foundation

Based on IRS filings

Minot State University Development Foundation is a public charity, based in Minot, ND. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $65.4M in total assets. In 2025, it awarded 1 grant totaling $2.2M. Net investment income was $2.9M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Minot

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $1.4M (2021) to $4.5M (2024). In 2025 it made 1 grant totaling $2.2M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Minot State University: $2.2MMinot State University$2.2M

The largest 2025 recipient was Minot State University ($2.2M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

The most common grant size was in the $1–5M range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Minot State University Minot, NDProvide Scholarship Funds to Minot State University Students$2,247,133

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$65,369,602$61,683,908$57,770,697
Revenue$5,674,572$5,668,064$5,304,845
Expenses$3,933,098$5,668,219$3,230,752
Net Investment Income$2,865,928$1,400,442$868,055

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS December 9, 2020)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS January 12, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS January 27, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS April 20, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Minot State University Development Foundation is led by Jon Backes, President on every filing since 2020; none of the 12 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Jon Backes

    President

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Rick Hedberg

    Executive Director Ex-Officio

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Bob Sando

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • David Gowan

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Karen Krebsbach

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Kathy Aas

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Kent Kirkhammer

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Leslie Coughlin

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Myron Thompson

    Director

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Jarid Lundeen

    Director

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Tom Probst

    Director

    On filings since 2022

    0.3 hrs/week

    No compensation reported

  • Dan Langemo

    Vice President

    On filings since 2020

    0.3 hrs/week

    No compensation reported

Former officers (5)
  • Former: Steve Shirley (2020–2024) — Director
  • Former: Krista Lambrecht (2024) — Treasurer
  • Former: Brent Winiger (2020–2023) — Treasurer
  • Former: Randy Conway (2020–2021) — Director
  • Former: Doris Slaaten (2020) — Director

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Minot State University Development Foundation

How much does Minot State University Development Foundation give each year?

Minot State University Development Foundation gave $2.2M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $4.5M across 1 grant.

How large is Minot State University Development Foundation?

Minot State University Development Foundation reported $65.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.7M.

Where does Minot State University Development Foundation operate?

Minot State University Development Foundation has awarded grants in North Dakota.

What is Minot State University Development Foundation's EIN?

Minot State University Development Foundation's EIN (Employer Identification Number) is 45-0344784. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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