NORTHERN STATE UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

NORTHERN STATE UNIVERSITY FOUNDATION

EIN 23-7002314 · Single Organization Support (B11)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

56.75%of revenue went to mission work76.8% of expenses · Program services

6.39%of revenue went to fundraising8.6% of expenses

$73.88spent for every $100 of revenueRevenue covered expenses this year.

10.73%of revenue went to management and office costs14.5% of expenses

$8.19in assets for every $1 spent this yearSome assets cannot be spent right away.

68.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $207,767 for ZACH FLAKUSPRESIDENT (CEO/NON-VOTING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,595,302

Mission workProgram services$7,148,38056.75% of revenue76.8% of expenses

ManagementOffice and general costs$1,351,82010.73% of revenue14.5% of expenses

FundraisingAsking for donations$804,8246.39% of revenue8.6% of expenses

Revenue left after expensesReported annual surplus$3,290,27826.12% of revenueShown in gray on the chart

Total expenses$9,305,02473.88% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.8% mission · 14.5% management · 8.6% fundraisingTotal expenses: 73.88% of revenue

2023Expense mix: 74.3% mission · 17.4% management · 8.3% fundraisingTotal expenses: 63.40% of revenue

2022Expense mix: 75.6% mission · 16.1% management · 8.3% fundraisingTotal expenses: 92.18% of revenue

2021Expense mix: 87.1% mission · 7.7% management · 5.2% fundraisingTotal expenses: 118.37% of revenue

2020Expense mix: 96.4% mission · 2.6% management · 1.0% fundraisingTotal expenses: 376.61% of revenue

2019Expense mix: 94.2% mission · 4.0% management · 1.7% fundraisingTotal expenses: 104.64% of revenue

2018Expense mix: 96.0% mission · 2.6% management · 1.4% fundraisingTotal expenses: 145.52% of revenue

2017Expense mix: 96.2% mission · 2.0% management · 1.7% fundraisingTotal expenses: 133.81% of revenue

Money in and money out

Revenue$12,595,302

Expenses$9,305,024

Annual surplus $3,290,278 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$7,148,380 · 76.8% of expenses

Management and office costs$1,351,820 · 14.5% of expenses

Fundraising$804,824 · 8.6% of expenses

See all reported dollar amounts

Revenue$12,595,302

Expenses$9,305,024

Assets$76,245,269

Income$15,137,568

Contributions$8,684,023

Mission work (program services)$7,148,380

Fundraising$804,824

Grants given$114,917,948

Average grant$3,379,940

Management and general$1,351,820

Executive compensation (total)$391,845

Stocks and bonds$13,283,575

Accounting fees$74,318

Investing fees$273,387

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ZACH FLAKUSPRESIDENTCEO/NON-VOTING DIRECTOR · 40 hrs/week $207,767Base $195,916 · Other $11,851

KAYLEE BABCOCK TO APR 2025CFO · 40 hrs/week $102,433Base $90,582 · Other $11,851

DR NEAL SCHNOOR TO MAY 2025NON-VOTING DIRECTOR · 2 hrs/week $4,592

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

ZACH FLAKUSPRESIDENTCEO/NON-VOTING DIRECTOR

KAYLEE BABCOCK TO APR 2025CFO

DR NEAL SCHNOOR TO MAY 2025NON-VOTING DIRECTOR

KILA LEGRANDDIRECTOR

ALLIE RYCKMANDIRECTOR

STEVE STICKELMYERDIRECTOR

SANDY VOSIKA FROM OCT 2024DIRECTOR

RIC DIASDIRECTOR

MIKE BOCKORNY TO SEP 2024PAST-CHAIR

MEGAN BIEGLERCHAIR

MARK MCNEARYDIRECTOR

LAURIE NICHOLS FROM JUN 2025NON-VOTING DIRECTOR

KYLE SCHWANDIRECTOR

ARTHUR RUSSODIRECTOR

ALEX GRIEBENSECRETARY

JESS KOEHLERDIRECTOR

JENNIFER RINGDIRECTOR

JARED JACOBSONCHAIR-ELECT

GREG WIEKERTREASURER

ERIC PAYNE FROM OCT 2024DIRECTOR

CHAD BERGAN TO SEP 2024DIRECTOR

About this charity

Recognized since: January 1969
Location: 620 15th Ave SE, Aberdeen, SD 574017610
County: Brown
In care of: Zach Flakus
Primary officer: Zach Flakus, President and CEO

How to reach them

WebsiteVisit the charity’s website EmailNSUALUMNI@NORTHERN.EDU Phone(605) 626-2550

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EIDE BAILLY LLP
NTEE classification: Single Organization Support (B11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes