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Northern State University Foundation

ABERDEEN, SD EIN: 23-7002314 Website

The Northern State University Foundation is dedicated to securing the future of Northern State University. Its purpose is to solicit and administer funds and to pursue other activities to advance this goal.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$70.8M

+11.5% YoY

Annual Giving

$6.2M

+7.4% YoY

Grant Count

5

+0.0% YoY

Avg Grant Size

$1.2M

+7.4% YoY

About Northern State University Foundation

Based on IRS filings

Northern State University Foundation is a nonprofit organization focused on Academics, based in ABERDEEN, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $70.8M in total assets. In 2024, it awarded 5 grants totaling $6.2M. Net investment income was $2.4M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Aberdeen

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M$39M20202021202220232024
Metric202420232022
Total Assets$70,844,993$63,521,925$67,511,706
Revenue$13,460,719$8,393,561$9,430,075
Expenses$8,534,566$7,737,550$11,162,432
Qualifying Distributions
Net Investment Income$2,364,294$2,366,529$2,267,141
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$9M$17M$26M$35M5 grants20205 grants20215 grants20225 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Northern State University$3.6MNorthern State University$1.5MNorthern State University$892KNorthern State University$133KNorthern State University$45K

Grant Size Distribution

25 grants across all recorded years

2<$50K2$50–100K3$100–250K$250–500K6$500K–1M10$1–5M2$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Northern State University ($3,602,665), Northern State University ($1,517,134), Northern State University ($891,829).

RecipientPurposeAmount
Northern State University Aberdeen, SDScholarships$3,602,665
Northern State University Aberdeen, SDCapital Projects$44,686
Northern State University Aberdeen, SDSpecial Projects$1,517,134
Northern State University Aberdeen, SDAthletic Support$891,829
Northern State University Aberdeen, SDOperational Support$132,911

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Zach FlakusPresident/CEO/Non-Voting Dir…$187KKaylee BabcockCFO$89KDr Neal SchnoorNon-Voting Director$4K

From 2024 filing

NameTitleHoursCompensation
Zach FlakusPresident/CEO/Non-Voting Director40$187,363
Dr Neal SchnoorNon-Voting Director2$4,395
Megan BieglerChair2
Mike BockornyPast-Chair2
Steve StickelmyerChair-Elect2
Greg WiekerSecretary/Treasurer2
Chad BerganDirector0.5
Andrew Rehder to 10523Director0.5
Jennifer RingDirector0.5
Jim Koehler to 10523Director0.5
Mark McNearyDirector0.5
Allie RyckmanDirector1
Arthur RussoDirector0.5
Kyle SchwanDirector0.5
Ric DiasDirector0.5
Jess KoehlerDirector1
Kila LeGrandDirector0.5
Alex Grieben from 10523Director1
Jared Jacobson from 111623Director1
Kaylee BabcockCFO40$88,582

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Northern State University Foundation?

Northern State University Foundation is a nonprofit organization focused on Academics, based in ABERDEEN, SD. It holds $70.8M in total assets as of 2024.

How large is Northern State University Foundation?

As of 2024, Northern State University Foundation holds $70.8M in total assets with $13.5M in annual revenue. It awarded 5 grants totaling $6.2M in 2024.

Where does Northern State University Foundation operate?

Northern State University Foundation has awarded grants in South Dakota.

What size grants does Northern State University Foundation award?

In 2024, Northern State University Foundation awarded 5 grants totaling $6.2M — an average of about $1.2M per grant, based on its IRS Form 990 filings.

What is Northern State University Foundation's EIN?

Northern State University Foundation's EIN (Employer Identification Number) is 23-7002314. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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