Mission
TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY AND RAISE MONEY FOR SCHOLARSHIPS FOR STUDENTS.
Public Charity
SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION
SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION is a nonprofit organization categorized as Public Charity based in MARSHALL, MN. Its most recent IRS filing (2025) reports revenue of $5.4M, expenses of $4.2M, total assets of $40.3M. Imperigo tracks 58 reported grant relationships connected to this organization totaling approximately $1.9M.
EIN: 237108470
MARSHALL, MN
Single Organization Support
NTEE: B11
Latest filing: 2025
Total Revenue$5.4M
Total Expenses$4.2M
Total Assets$40.3M
Grant Records58
Funding Total$1.9M
Filing Years2020–2025
Where $100 goes at Southwest Minnesota State University Foundation
How Southwest Minnesota State University Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$76
Programs
the work itself
$18
Management
running the organization
$6
Fundraising
raising the next dollar
Inside the $76 for programs
$43
University promotion and recruitment
$33
Scholarships
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$38,466
EDUCATION
$100,775
GEN/OPER SUPPORT
$100,482
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$38,592
GENERAL SUPPORT
$24,765
Showing up to 5 of 58 total records — full history available with membership.
Officers & Directors
DIRECTOR
Al Anderson
PRESIDENT
Brad Bacon
SECRETARY/TR
Cindy Verschaetse
PAST PRESIDE
Dave Werpy
DIRECTOR
Duane Carrow
DIRECTOR
Gary Range
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $5.4M | $4.2M | $40.3M |
| 2024 | $6.3M | $3.7M | $30.7M |
| 2023 | $7.7M | $2.7M | $28.6M |
| 2021 | $3.7M | $2.9M | $24.6M |
| 2020 | $4.2M | $3.0M | $22.4M |
Between 2020 and 2025, reported annual revenue grew from $4.2M to $5.4M (+28%), with total assets most recently reported at $40.3M.
Interactive year-over-year charts and full filing details available with membership.