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South Dakota · Nonprofit
Northern State University Foundation (South Dakota) is funded by 32 grantmakers whose IRS filings report $8,375,746 in grants to it, the largest being The Millicent Merle Atkins Charitable ($2,789,346). 23 of them have funded it in more than one year.
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude.
The funding model — what share of revenue comes from contributions, programs, investments and other sources — and whether it's shifting.
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 7 reported years ran a deficit.
$509k from 2 funders in 2025, up from $517k and 5 in 2017.
14 of 32 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Northern State University Foundation’s funders (the co-funder graph). Top 30 of 32 funders by total. Association, not causation.
Northern State University Foundation leans on a few funders — its largest provides 33% of grant income and the top three 66%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 91% · 2018 43% · 2019 38% · 2020 46% · 2021 43% · 2022 51% · 2023 55% · 2024 72% · 2025 99% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
36% of Northern State University Foundation's funders are still giving 3 years after their first grant; 72% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year.
Northern State University Foundation is locally rooted: 87% of its grant income comes from South Dakota funders.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 32 funders put you well-backed among the 400 organizations that share them.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.
Read directly from this organization’s own Form 990, as neutral context.
74% of spending goes to programs.
65%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Operates in 17 states
Part of a family of 2 related entities
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 32funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing