North Dakota · Nonprofit
UND Center for Innovation Foundation
UND Center for Innovation Foundation (North Dakota) receives grants from 3 organizations whose IRS filings report $334,395 to it, the largest being Border States Foundation ($178,395). 2 of them have funded it in more than one year.
- Revenue FY2024
- $395k
- Funders on record
- 3
- Grants received
- $334k
- Net assets
- $8.5M
What UND Center for Innovation Foundation does
Mission
To maintain national leadership in entrepreneur outreach and education, and become the leader in tech entrepreneurship in rural America.
As stated on its FY2024 Form 990.
Programs
The UND Center for Innovation Foundation is established to support innovation and entrepreneurial activities at the University of North Dakota. The Foundation owns the Ina Mae Rude Entrepreneur Center, a business incubation facility that licenses space via a membership model. The Ina Mae Rude Entrepreneur Center supports commercialization activities for the State of North Dakota and the University of North Dakota. The Foundation enhances and promotes commerce and economic development in North Dakota through innovation consulting, applied learning activities, entrepreneurial activity seminars and workshops, and business coaching for innovators. Additionally, the Foundation provides fiscal management and operational support for projects primarily funded by state grants. The Foundation supports outreach programs and educational services in the field of innovation, commercialization of technologies, startup funding strategies, and business incubation and acceleration.
$280,073 spentof which $216,841 as grants$126,740 earned by the program89% of program spendingThe Foundation owns a wholly owned subsidiary that operates the North Dakota/Minnesota EB-5 Regional Center Program. The EB-5 program is an immigrant investor program focused on business development and job creation to stimulate economic activity and improvements in regional productivity through direct foreign investment. The program is administered by the US Citizenship and Immigration Service (USCIS) and the EB5 regional center is an entity approved by USCIS as a designated place to receive immigrant investor capital with new and emerging businesses. The North Dakota/Minnesota EB5 regional center received its designation in April 2011 and there are three portfolio companies with approximately 600 investors.
$33,249 spent$30,000 earned by the program11% of program spendingStudent Run Enterprises (SRE) engages students from across all disciplines at the University of North Dakota in experiential learning focused on the development of entrepreneurial and innovation skills. The purpose of student run enterprises is to establish legacy small businesses for students to manage and operate so they refine and develop their entrepreneurial skills. The students are provided with weekly, dedicated mentorship from a Center for Innovation staff member as well as a UND faculty subject matter expert to monitor their progress and encourage reflective practice on their business decisions.
$3,003 spent$3,197 earned by the program1% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $316,325.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $8.1M to $7.2M (−10%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 44% · 2018 70% · 2019 85% · 2020 49% · 2021 81% · 2022 47% · 2023 72% · 2024 36%. Grants only. Government contracts and fees sit inside program revenue.
50% of UND Center for Innovation Foundation’s revenue is contributions — about as donation-reliant as the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Amy Whitney
Director/CEO
Board chair
Phil Gisi
Chair
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2017 and FY2018 filings.
Who funds it, year by year
2017 → 2019: the base narrowed from 2 funders to 1 funder, grant income fell $56k → $50k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 45% 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 UND Center for Innovation Foundation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
UND Center for Innovation Foundation leans on a few funders — its largest provides 53% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
47% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund UND Center for Innovation Foundation.
Largest funder’s share by year: 2017 89% · 2018 100% · 2019 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of UND Center for Innovation Foundation's grant income comes from North Dakota funders.
Funder states come from each funder’s own filing. $150k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
UND Center for Innovation Foundation holds deeper cash reserves than three-quarters of the 11,971 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024
Organizations like UND Center for Innovation Foundation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Dakota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
96%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 2 related entities
- Student Run Enterprises LLC · disregarded
- North Dakota Minnesota EB-5 Regional Center LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for UND Center for Innovation Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds UND Center for Innovation Foundation?
- UND Center for Innovation Foundation (North Dakota) receives grants from 3 organizations whose IRS filings report $334,395 to it, the largest being Border States Foundation ($178,395). 2 of them have funded it in more than one year.
- How many funders does UND Center for Innovation Foundation have?
- IRS filings report 3 organizations giving $334,395 in grants to UND Center for Innovation Foundation, 2 of which have funded it in more than one year.
- Who is the largest funder of UND Center for Innovation Foundation?
- Border States Foundation is the largest funder on record, with $178,395 in grants. The full list of funders is on this page.
- How can an organization like UND Center for Innovation Foundation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Dakota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders 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. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing