St Cloud State University Foundation Inc
Nonprofit profile at a glance
- EIN
- 416019040
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- St Cloud, MN, USA
- Phone
- 3203083177
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $6,126,115
- Expenses
- $4,013,678
- Assets
- $65,495,716
- Liabilities
- $225,496
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- NICHOLAS KATONA (EXECUTIVE DIRECTOR - PART YEAR)
- MARK PARSONS (EXECUTIVE DIRECTOR - AS OF 6/25)
Highest reported compensation
- NICHOLAS KATONA (EXECUTIVE DIRECTOR - PART YEAR): $238,811 total reported compensation
- CONNIE ROBINSON (DIRECTOR OF FINANCE): $138,394 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation serves the students, faculty and staff at st. Cloud state university by engaging interested alumni and friends in supporting the mission, programs, and goals of the university. St. Cloud state university is a highly accredited regional comprehensive university that provides excellent education at an affordable price for a diverse student body. Key areas of support include scholarships, faculty, program, facilities, and equipment.
What it reported doing in 2024
Scholarships - the foundation provides scholarship funds to the university to award to deserving students. Over 1,000 scholarships were awarded to over 1,400 students through the efforts of the foundation.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 60
- Accountability: 82
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.9%; rating input score 76
- Program expense ratio: 63.2%; rating input score 63
- Fundraising efficiency: $3.43 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 34.5%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 16.32; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 17th percentile among comparable filings
- Revenue growth: -0.6% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 75.9% of revenue deployed · 63.2% of spending went to programs
- Governance: 18 of 18 board members independent · 5 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $2.5M in reported program spending
- Leadership: top reported pay $239K · 21 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.