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METROPOLITAN STATE UNIVERSITY FOUNDATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
METROPOLITAN STATE UNIVERSITY FOUNDATION (EIN 23-7296162)
Tax period
2022-07-01 to 2023-06-30
Filed
2023-12-06
IRS object ID
202313409349301356
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-12-06T17:20:09-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN416192096PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BOYUM & BARENSCHEER PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13050 METRO DR STE 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554251547ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237296162EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN STATE UNIVERSITYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMETRBusinessNameControlTxt
Phone6517931830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST SEVENTH ST SUITE 218 FOUNAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP551065000ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRACHEL HUGHESPersonNm
Person TitleASSOCIATE VPPersonTitleTxt
Phone6517931830PhoneNum
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRACHELPersonFirstNm
Person LastHUGHESPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAT SIEVERTPreparerPersonNm
PTINP00223580PTIN
Phone9528544244PhoneNum
Preparation2023-11-16PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRACHEL HUGHESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 E 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,489,008GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.METROSTATE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1972FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers115TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,635,742PYContributionsGrantsAmt
CY Contributions Grants$1,194,174CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$177,177PYInvestmentIncomeAmt
CY Investment Income$253,589CYInvestmentIncomeAmt
PY Other Revenue$157,261PYOtherRevenueAmt
CY Other Revenue$41,245CYOtherRevenueAmt
PY Total Revenue$1,970,180PYTotalRevenueAmt
CY Total Revenue$1,489,008CYTotalRevenueAmt
PY Grants And Similar Paid$802,024PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$852,860CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$60,541CYTotalFundraisingExpenseAmt
PY Other Expenses$258,655PYOtherExpensesAmt
CY Other Expenses$253,043CYOtherExpensesAmt
PY Total Expenses$1,060,679PYTotalExpensesAmt
CY Total Expenses$1,105,903CYTotalExpensesAmt
PY Revenues Less Expenses$909,501PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$383,105CYRevenuesLessExpensesAmt
Total Assets BOY$10,274,663TotalAssetsBOYAmt
Total Assets EOY$11,284,796TotalAssetsEOYAmt
Total Liabilities BOY$81,015TotalLiabilitiesBOYAmt
Total Liabilities EOY$128,304TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$10,193,648NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$11,156,492NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$489,712ExpenseAmt
Grant$489,712GrantAmt
DescTO PROVIDE SUPPORT TO THE VARIOUS UNIVERSITY ACADEMIC PROGRAMS AND SPECIAL INITIATIVES, ENABLING THE FURTHER STRENGTHENING OF THESE PROGRAMS. SIGNIFICANT PROGRAMS DEVELOPED AND ASSISTED WERE THE URBAN EDUCATION PROGRAM, AND THE SAFE FUND PROGRAM, WHICH PROVIDES EMERGENCY FUNDING FOR STUDENT FINANCIAL EMERGENCIESDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$363,148ExpenseAmt
Grant$363,148GrantAmt
DescTO PROVIDE SUPPORT TO STUDENTS WITH FINANCIAL NEED THROUGH THE FOUNDATION'S PRIVATELY FUNDED SCHOLARSHIP PROGRAM. APPROXIMATELY 366 SCHOLARSHIPS WERE AWARDED THIS YEARDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$7,015ExpenseAmt
DescTHE ALUMNI ASSOCIATION IS TO GENERATE MAXIMUM PUBLIC AWARENESS FOR THE UNIVERSITY, TO RECOGNIZE THE ACCOMPLISHMENTS AND CONTRIBUTIONS OF ALUMNI AND FACULTY, INSPIRE PROSPECTIVE STUDENTS TO ATTEND THE UNIVERSITY, COLLABORATE WITH THE UNIVERSITY IN ITS EFFORT TO BUILD RELATIONSHIPS WITH ALUMNI AND CONSTITUENCY, AND HELP STUDENTS FOSTER A LIFELONG RELATIONSHIP WITH THE UNIVERSITY.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$27,603ExpenseAmt
DescTO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$27,603TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$887,478TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonRACHEL HUGHESPersonNm
Phone6517931830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 E 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
RACHEL HUGHES
ASSOCIATE VP40.000.00Yes (X)$0$123,600$36,629
JOSEPH ELLIS
CHAIR0.50Yes (X)$0$0$0Yes (X)
JEANETTE AUGUSTON
VICE CHAIR0.50Yes (X)$0$0$0Yes (X)
HARPREET ANAND
TREASURER0.50Yes (X)$0$0$0Yes (X)
OCHEN KAYLAN
SECRETARY0.50Yes (X)$0$0$0Yes (X)
ZEESHAN BAIG
TRUSTEE0.10$0$0$0Yes (X)
CHRISTINE BOESE
TRUSTEE0.10$0$0$0Yes (X)
WENDY BREKKEN
TRUSTEE0.10$0$0$0Yes (X)
ROBERT CARTER
TRUSTEE0.10$0$0$0Yes (X)
TONY GAGLIARDO
TRUSTEE0.10$0$0$0Yes (X)
EZELL JONES
TRUSTEE0.10$0$0$0Yes (X)
SUHANTHI KAMESH
TRUSTEE0.10$0$0$0Yes (X)
GREG LAIS
TRUSTEE (RES0.10$0$0$0Yes (X)
JAY LAUGHLIN
TRUSTEE0.10$0$0$0Yes (X)
MICHAEL O'CONNOR
TRUSTEE0.10$0$0$0Yes (X)
COLIN PARTRIDGE
TRUSTEE0.10$0$0$0Yes (X)
BETH RUSSELL
TRUSTEE0.50$0$0$0Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$123,600TotReportableCompRltdOrgAmt
Total Other Compensation$36,629TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$1,194,174AllOtherContributionsAmt
Noncash Contributions$27,216NoncashContributionsAmt
Total Contributions$1,194,174TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$253,589TotalRevenueColumnAmt
Exclusion$253,589ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$926GrossSalesOfInventoryAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$926TotalRevenueColumnAmt
Exclusion$926ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
ADMINISTRATIVE FEES900099$36,556$36,556
EVENT REVENUE900099$1,950$1,950
OTHER REVENUE$1,813$1,813
FieldValueIRS element (for citing)
Other Revenue Total$40,319OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,489,008TotalRevenueColumnAmt
Exclusion$294,834ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$489,712TotalAmt
Program Services$489,712ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$363,148TotalAmt
Program Services$363,148ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,076TotalAmt
Management And General$46,076ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$43,722TotalAmt
Management And General$43,722ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$47,055TotalAmt
Management And General$47,055ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,493TotalAmt
Management And General$1,493ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmt
MISCELLANEOUS$37,325$18,662$18,663
EVENTS AND PUBLICATIONS$35,178$35,178
DEVELOPMENT STAFF SUPPORT$26,727$26,727
OTHER ALUMNI ASSOCIATION$7,015$7,015

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$8,452TotalAmt
Program Services$876ProgramServicesAmt
Management And General$876ManagementAndGeneralAmt
Fundraising$6,700FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,105,903TotalAmt
Program Services$887,478ProgramServicesAmt
Management And General$157,884ManagementAndGeneralAmt
Fundraising$60,541FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$49,747BOYAmt
EOY$60,621EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$15,879BOYAmt
EOY$16,113EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$924,530BOYAmt
EOY$635,034EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$73,867BOYAmt
EOY$55,826EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,210,640BOYAmt
EOY$10,517,202EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,274,663BOYAmt
EOY$11,284,796EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$74,015BOYAmt
EOY$108,304EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$7,000BOYAmt
EOY$6,500EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$13,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$81,015BOYAmt
EOY$128,304EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,204,295BOYAmt
EOY$1,240,561EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,989,353BOYAmt
EOY$9,915,931EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,193,648BOYAmt
EOY$11,156,492EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,274,663BOYAmt
EOY$11,284,796EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$383,105ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$579,739NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$614,907CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,415,972CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,155,920CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,635,742CurrentTaxYearMinus1YearAmt
Current Tax Year$1,194,174CurrentTaxYearAmt
Total$6,016,715TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$614,907CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,415,972CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,155,920CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,635,742CurrentTaxYearMinus1YearAmt
Current Tax Year$1,194,174CurrentTaxYearAmt
Total$6,016,715TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,710,653SubstantialContributorsTotAmt
Public Support Total170$4,306,062PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$160,060CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$215,388CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$168,501CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$320,859CurrentTaxYearMinus1YearAmt
Current Tax Year$255,402CurrentTaxYearAmt
Total$1,120,210TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,167CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,023CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,912CurrentTaxYearMinus2YearsAmt
Total$5,102TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$41,245CurrentTaxYearAmt
Total$41,245TotalAmt
FieldValueIRS element (for citing)
Total Support$7,183,272TotalSupportAmt
Public Support CY1700.59950PublicSupportCY170Pct
Public Support PY1700.58830PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationADMINISTRATIVE FEES 36,556 OTHER INCOME 4,689ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,536,151BeginningYearBalanceAmt
Contributions$533,294ContributionsAmt
Investment Earnings Or Losses$733,782InvestmentEarningsOrLossesAmt
Grants Or Scholarships$150,345GrantsOrScholarshipsAmt
End Year Balance$8,652,882EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,484,841BeginningYearBalanceAmt
Contributions$267,708ContributionsAmt
Investment Earnings Or Losses-$1,073,345InvestmentEarningsOrLossesAmt
Grants Or Scholarships$143,053GrantsOrScholarshipsAmt
End Year Balance$7,536,151EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,185,424BeginningYearBalanceAmt
Contributions$652,496ContributionsAmt
Investment Earnings Or Losses$1,738,793InvestmentEarningsOrLossesAmt
Grants Or Scholarships$91,872GrantsOrScholarshipsAmt
End Year Balance$8,484,841EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,016,762BeginningYearBalanceAmt
Contributions$292,922ContributionsAmt
Investment Earnings Or Losses-$9,854InvestmentEarningsOrLossesAmt
Grants Or Scholarships$114,406GrantsOrScholarshipsAmt
End Year Balance$6,185,424EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,650,354BeginningYearBalanceAmt
Contributions$190,003ContributionsAmt
Investment Earnings Or Losses$288,098InvestmentEarningsOrLossesAmt
Grants Or Scholarships$111,693GrantsOrScholarshipsAmt
End Year Balance$6,016,762EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.05810BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.71540PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.22650TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,487,022TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$579,739NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$461,997DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,041,736RevenueNotReportedAmt
Revenue Subtotal$1,445,286RevenueSubtotalAmt
Investment Expenses Not Incld$43,722InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$43,722RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,489,008TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,524,178TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$461,997DonatedServicesUseFcltsAmt
Expenses Not Reported$461,997ExpensesNotReportedAmt
Expenses Subtotal$1,062,181ExpensesSubtotalAmt
Investment Expenses Not Incld2$43,722InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$43,722ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,105,903TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND ACADEMIC PROGRAM SUPPORT.
SCHEDULE D, PAGE 3, PART XTHE FOUNDATIONS FEDERAL AND STATE TAX FILINGS FOR THE PAST THREE YEARS ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd
FieldValueIRS element (for citing)
Cash Grant$489,712CashGrantAmt
Purpose Of GrantUNIVERSITY SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS FOR INDIVIDUGrantTypeTxt
Recipient366RecipientCnt
Cash Grant$363,148CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationSTUDENTS APPLY FOR SCHOLARSHIPS USING AN APPLICATION FORM. THIS FORM IS REVIEWED BY SCHOLARSHIP COMMITTEES IN CONJUNCTION WITH INFORMATION FROM THE FINANCIAL AID OFFICE. DOCUMENTATION IS KEPT ON ALL AWARDS MADE INCLUDING RECIPIENT NAME, AMOUNT AND WHICH SCHOLARSHIP WAS RECEIVED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonRACHEL HUGHESPersonNm
TitleASSOCIATE VPTitleTxt
Compensation Based On Rltd Orgs$123,600CompensationBasedOnRltdOrgsAmt
Nontaxable Benefits Rltd Orgs$36,629NontaxableBenefitsRltdOrgsAmt
Total Compensation Rltd Orgs$160,229TotalCompensationRltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$26,916NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescOTHER IN-KINDSDesc
Contribution2ContributionCnt
Noncash Contributions Rpt F990$300NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PAGE 2, PART IIFormAndLineReferenceDesc
ExplanationTHE NUMBER IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DTO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.
FORM 990, PAGE 6, PART VI, LINE 1ATHE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THE COMMITTEE IS COMPRISED OF THE CHAIR, VICE CHAIR/CHAIR-ELECT, SECRETARY, AND TREASURER OF THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 11BTHE FORM 990 IS PRESENTED TO THE FOUNDATIONS FINANCE AND AUDIT COMMITTEE FOR REVIEW. THE FINANCE AND AUDIT COMMITTEE IS GIVEN THE OPPORTUNITY TO COMMENT AND IS ULTIMATELY GIVEN THE CHARGE TO APPROVE FOR SUBMISSION ON BEHALF OF THE METROPOLITAN STATE UNIVERSITY FOUNDATION.
FORM 990, PAGE 6, PART VI, LINE 12CMANAGEMENT REGULARLY AND CONSISTENTLY MONITORS THIS POLICY WITH CURRENT BOARD MEMBERS. IF A CONFLICT OF INTEREST SITUATION IS IDENTIFIED, PROCEDURES ARE IN PLACE FOR FULL ENFORCEMENT OF COMPLIANCE WITH THE POLICY.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1METROPOLITAN STATE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1700 EAST 7TH STREETAddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55106ZIPCd
FieldValueIRS element (for citing)
EIN416007162EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Exempt Code Section501C3ExemptCodeSectionTxt
Public Charity Status2PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
METROPOLITAN STATE UNIVERSITY
B$489,712CASH
METROPOLITAN STATE UNIVERSITY
C$61,200CASH
METROPOLITAN STATE UNIVERSITY
N$106,614CALCULATED
METROPOLITAN STATE UNIVERSITY
O$355,382CALCULATED