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
Among its reported 2024 grants, the largest include Minot State University ($4,509,850).
| Recipient | Purpose | Amount |
|---|---|---|
| MINOT STATE UNIVERSITY MINOT, ND | PROVIDE SCHOLARSHIP FUNDS TO MINOT STATE UNIVERSITY STUDENTS | $4,509,850 |
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 | — |
Frequently Asked Questions
How large is Minot State University Development?
As of 2024, Minot State University Development holds $61.7M in total assets with $5.7M in annual revenue. It awarded 1 grants totaling $4.5M in 2024.
Where does Minot State University Development operate?
Minot State University Development has awarded grants in North Dakota.
What size grants does Minot State University Development award?
In 2024, Minot State University Development awarded 1 grants totaling $4.5M — an average of about $4.5M per grant, based on its IRS Form 990 filings.
What is Minot State University Development's EIN?
Minot State University Development's EIN (Employer Identification Number) is 45-0344784. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Minot State University Development's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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