Program areas at Fossum Foundation
Grants to North Dakota State University Foundation (1241 University Dr N, Fargo, ND 58102-2524), the supported organization, for use in carrying out its exempt purpose of supporting North Dakota State University. $20,000 was contributed to the Fossum Foundation endowment fund held by the NDSU Foundation, which has a restricted purpose of using the annual distribution of income, as set by the Investment Committee of the NDSU Foundation, for merit scholarships at North Dakota State University.
Grants to North Dakota State University (1340 Administration Ave, Fargo, ND 58102) for the following: $46,500 was used to support the NDSU undergraduate merit scholarships program.
Grants made by Fossum Foundation
Personnel at Fossum Foundation
| Name | Title | Compensation | Date of data |
|---|
| Allyson Peterson | Assistant Secretary and Treasurer | $0 | 2022-11-08 |
| Clyde Fossum | Vice President / Vice - President , Director | $0 | 2021-12-31 |
| Carl Larson | Past Treasurer , Director | $0 | 2021-12-31 |
| John Shotwell | President , Director | $0 | 2021-12-31 |
| Burdell Fossum | Secretary , Director | $0 | 2021-12-31 |
Financials for Fossum Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $0 | $0 | - |
| Investment income and dividends | $1,430 | $797 | 79.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $69,528 | $43,232 | 60.8% |
| Net rental income | $39,263 | $36,261 | 8.3% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $110,221 | $80,290 | 37.3% |
Organizations like Fossum Foundation
| Organization | Type | Location | Revenue |
|---|
| Afcea Educational Foundation Central Maryland Chapter | 501(c)(3) | Savage, MD | $210,119 |
| Wisconsin Academy Foundation Incorporated | 501(c)(3) | Madison, WI | $396,694 |
| Sullivan County Community College Foundation | 501(c)(3) | Loch Sheldrake, NY | $288,693 |
| National Society of Accountants Scholarship | 501(c)(3) | Alexandria, VA | $71,770 |
| Acmpe Scholarship Fund | 501(c)(3) | Englewood, CO | $42,499 |
| Dairy Foundation of Va | 501(c)(3) | Bridgewater, VA | $52,692 |
| Fei Houston Scholarship Foundation | 501(c)(3) | Houston, TX | $73,070 |
| Tennessee Grocers Education Foundation | 501(c)(3) | Nashville, TN | $223,799 |
| Aspa Endowment | 501(c)(3) | Washington, DC | $50,582 |
| Nsca Education Foundation | 501(c)(3) | Cedar Rapids, IA | $192,805 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 2, 2023
Updated personnel
Identified 3 new personnel
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2019
March 7, 2021
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
Education
Characteristics
Endowed supportTax deductible donationsNo full-time employees
General information
- Address
- 1241 University Dr N
- Fargo, ND 58102
- Metro area
- Fargo, ND-MN
- County
- Cass County, ND
- Phone
- (701) 231-6800
IRS details
- EIN
- 45-6013302
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1959
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B82: Scholarships, Student Financial Aid Services
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Subordinate organization
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