Mission
TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF FROSTBURG STATE UNIVERSITY THROUGH ADVOCACY, FUNDRAISING, INVESTMENT MANAGEMENT AND STEWARDSHIP.
Public Charity
FROSTBURG STATE UNIVERSITY FOUNDAT
Based in FROSTBURG, MD, FROSTBURG STATE UNIVERSITY FOUNDAT operates as a Public Charity. The organization reported $10.5M in revenue, $3.5M in expenses, $53.3M in total assets for fiscal year 2025. Imperigo tracks 48 reported grant relationships connected to this organization totaling approximately $712K.
EIN: 237120883
FROSTBURG, MD
Universities
NTEE: B43
Latest filing: 2025
Total Revenue$10.5M
Total Expenses$3.5M
Total Assets$53.3M
Grant Records48
Funding Total$712K
Filing Years2021–2025
Where $100 goes at Frostburg State University Foundat
How Frostburg State University Foundat divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$85
Programs
the work itself
$13
Management
running the organization
$2
Fundraising
raising the next dollar
Inside the $85 for programs
$47
Endowment
$15
Expenses including grants of revenue pass through accounts 543,681 72,393 29,722 pass-through - most of these provide immediate-impact scholarships for students
$12
Athletic
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
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
SCHOLARSHIPS
$6,000
GENERAL SUPPORT
$5,074
For grant recipient's exempt purposes
$37,025
GENERAL SUPPORT
$16,957
GENERAL SUPPORT
$16,957
Showing up to 5 of 48 total records — full history available with membership.
Officers & Directors
AT LARGE
A Leslie Ludwig
BOARD OF DIR
Alfred E Martin
BOARD OF DIR
Anthony P Zook
BOARD OF DIR
Diane Hurd
BOARD OF DIR
Donald C Fry
BOARD OF DIR
Dr Benjamin N Norris
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $10.5M | $3.5M | $53.3M |
| 2024 | $6.7M | $3.9M | $47.0M |
| 2023 | $4.1M | $3.9M | $42.6M |
| 2022 | $7.8M | $2.5M | $41.2M |
| 2021 | $4.9M | $2.0M | $38.7M |
Between 2021 and 2025, reported annual revenue grew from $4.9M to $10.5M (+114%), with total assets most recently reported at $53.3M.
Interactive year-over-year charts and full filing details available with membership.