Minot State University Development
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$61.7M
+6.8% YoY
Annual Giving
$4.5M
+124.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$4.5M
+124.3% YoY
About Minot State University Development
Based on IRS filings
Minot State University Development is a nonprofit organization, based in MINOT, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $61.7M in total assets. In 2024, it awarded 1 grants totaling $4.5M. Net investment income was $1.4M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $61,683,908 | $57,770,697 | $52,940,174 |
| Revenue | $5,668,064 | $5,304,845 | $11,663,994 |
| Expenses | $5,668,219 | $3,230,752 | $2,806,889 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,400,442 | $868,055 | $2,592,823 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JON BACKES | PRESIDENT | 0.3 | — |
| DR STEVE SHIRLEY | DIRECTOR (EX-OFFICIO) | 0.3 | — |
| JARID LUNDEEN | DIRECTOR | 0.3 | — |
| MYRON THOMPSON | DIRECTOR | 0.3 | — |
| KATHY AAS | DIRECTOR | 0.3 | — |
| BOB SANDO | DIRECTOR | 0.3 | — |
| DAN LANGEMO | VICE PRESIDENT | 0.3 | — |
| DAVID GOWAN | DIRECTOR | 0.3 | — |
| KAREN KREBSBACH | DIRECTOR | 0.3 | — |
| KRISTA LAMBRECHT | TREASURER (EX-OFFICIO) | 0.3 | — |
| RICK HEDBERG | EXECUTIVE DIRECTOR (EX-OFF | 5 | — |
| TOM PROBST | DIRECTOR | 0.3 | — |
| KENT KIRKHAMMER | DIRECTOR | 0.3 | — |
| LESLIE COUGHLIN | DIRECTOR | 0.3 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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