MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC

EIN 41-6033423 · Education (B110)

What they do

MINNESOTA STATE UNIVERSITY, MANKATO FOUNDATION, INC. is DEDICATED to SECURING PRIVATE GIFTS and GRANTS to BENEFIT MINNESOTA STATE UNIVERSITY, MANKATO. EACH YEAR, THOUSANDS of GENEROUS BENEFACTORS MAKE GIFTS to HELP STUDENTS, FACULTY and PROGRAMS AT THIS UNIVERSITY. THE FOUNDATIONS MISSION is to ENHANCE THE UNIVERSITYS ABILITY to ACHIEVE ITS MISSION BY ENCOURAGING and STEWARDING SUSTAINED PHILANTHROPIC SUPPORT FROM ALUMNI and FRIENDS. THE FOUNDATION OPERATES WITH RESPONSIBLE STEWARDSHIP, INTEGRITY, TRANSPARENCY and TRUST, PROVIDES LEADERSHIP, ADVOCACY and SUPPORT of THE UNIVERSITYS STRATEGIC PRIORITIES, PROVIDES SUPPORT for EDUCATIONAL ACCESS and for ENRICHING EXPERIENCES for STUDENTS, and PROVIDES LEADERSHIP IN PROMOTING and ENGAGING DONOR PASSION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.30 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 leaders31 people are listed in the latest report.

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

Money made simple

22.66%of revenue went to mission work75.3% of expenses · Program services

3.40%of revenue went to fundraising11.3% of expenses

$30.09spent for every $100 of revenueRevenue covered expenses this year.

4.03%of revenue went to management and office costs13.4% of expenses

$13.99in assets for every $1 spent this yearSome assets cannot be spent right away.

74.2%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 $200,434 for HAROLD K STANLEY (FORMER OFFICER THRU 05/24). 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$30,343,857

Mission workProgram services$6,875,13522.66% of revenue75.3% of expenses

ManagementOffice and general costs$1,224,3214.03% of revenue13.4% of expenses

FundraisingAsking for donations$1,031,6933.40% of revenue11.3% of expenses

Revenue left after expensesReported annual surplus$21,212,70869.91% of revenueShown in gray on the chart

Total expenses$9,131,14930.09% 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: 75.3% mission · 13.4% management · 11.3% fundraisingTotal expenses: 30.09% of revenue

2023Expense mix: 77.3% mission · 16.9% management · 5.7% fundraisingTotal expenses: 44.48% of revenue

2022Expense mix: 78.7% mission · 14.4% management · 6.9% fundraisingTotal expenses: 78.95% of revenue

2021Expense mix: 82.6% mission · 10.8% management · 6.6% fundraisingTotal expenses: 81.11% of revenue

2020Expense mix: 43.8% mission · 9.3% management · 46.9% fundraisingTotal expenses: 63.67% of revenue

2019Expense mix: 57.8% mission · 18.6% management · 23.7% fundraisingTotal expenses: 70.84% of revenue

2018Expense mix: 59.8% mission · 15.8% management · 24.4% fundraisingTotal expenses: 91.95% of revenue

2017Expense mix: 84.7% mission · 10.7% management · 4.6% fundraisingTotal expenses: 71.18% of revenue

Money in and money out

Revenue$30,343,857

Expenses$9,131,149

Annual surplus $21,212,708 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)$6,875,135 · 75.3% of expenses

Management and office costs$1,224,321 · 13.4% of expenses

Fundraising$1,031,693 · 11.3% of expenses

See all reported dollar amounts

Revenue$30,343,857

Expenses$9,131,149

Assets$127,735,165

Income$44,516,349

Contributions$22,527,311

Mission work (program services)$6,875,135

Fundraising$1,031,693

Grants given$23,690,035

Average grant$1,579,336

Management and general$1,224,321

Stocks and bonds$103,743,858

Accounting fees$48,773

Investing fees$602,262

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

HAROLD K STANLEYFORMER OFFICER THRU 05/24 · 30 hrs/week $200,434Base $169,052 · Other $31,382

AMY M COONEYEXECUTIVE DIRECTOR AS OF 03/25 · 40 hrs/week $186,828Base $145,791 · Other $41,037

RICHARD ORTEGAINTERIM EXEC. DIRECTOR THRU 03/25 · 20 hrs/week $109,559Base $96,005 · Other $13,554

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 (31)

HAROLD K STANLEYFORMER OFFICER THRU 05/24

AMY M COONEYEXECUTIVE DIRECTOR AS OF 03/25

RICHARD ORTEGAINTERIM EXEC. DIRECTOR THRU 03/25

KAMAL KARAMDIRECTOR

TODD LOOSBROCKTREASURER

KAREN OBERLEDIRECTOR

KIRSTEN VOSSBOARD VICE-CHAIR

LISA HYLANDDIRECTOR THRU 05/25

MELISSA BRADLEYDIRECTOR

MICHELLE SCHOOFFDIRECTOR

MONA ASKALANIDIRECTOR

RACHEL HASSASDIRECTOR

RODNEY BROWNSECRETARY

SUSAN MICHALETZDIRECTOR

TIMOTHY HUEBSCHDIRECTOR

TODD KELZENBERGDIRECTOR

ALLAN BOHLKEDIRECTOR

JOHN ZAKDIRECTOR

JIM LUNDBOARD CHAIR

JENNIFER SPAUDEDIRECTOR

JAY ADAMSDIRECTOR

ERIC JOHNSONDIRECTOR

DANIEL MUNDAHLDIRECTOR

CRAIG GOMEZDIRECTOR THRU 05/25

CHRISTINE LANTINENDIRECTOR

CHAD TISCHERDIRECTOR

BRETT ANDERSONDIRECTOR

BILL WILTGENDIRECTOR

BARBARA HUBBARDDIRECTOR

BARB KAUSDIRECTOR THRU 05/25

ANGELA JUSTICEDIRECTOR

About this charity

Recognized since: January 1959
Location: 224 ALUMNI FOUNDATION CTR, MANKATO, MN 56001-6025
County: Blue Earth
In care of: % MANKATO STATE UNIVERSITY
Primary officer: JIM LUND, BOARD CHAIR

How to reach them

WebsiteVisit the charity’s website Phone(507) 389-5595

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education (B110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes