UND ALUMNI ASSOCIATION AND FOUNDATION

GRAND FORKS, ND, 58202-8157 (701) 777-2611 Est. 1978 EIN 45-0348296

B110— Education Form 990 501(c)(3)

Mission

Engage alumni, friends, and partners in building an extraordinary University of North Dakota.

Total Revenue

$42,421,576

Total Expenses

$27,323,648

Net Assets

$561,856,553

92 employees 22 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

10+ years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 56.9%

Expenses ↓ 48.3%

Revenue Sources

Contributions 59.3% Earned revenue 12.1% Investment 26.1% Other 3.0%

Expense Breakdown

Program 70.2% Management 21.1% Fundraising 8.7%

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Year	Revenue	Expenses	Net Assets
2024 Form 990 Jul 1, 2024 to Dec 31, 2024	$42,421,576 ↓	$27,323,648	$561,856,553
2022 Form 990 Jul 1, 2022 to Jun 30, 2023	$51,692,667 ↓	$41,613,004	$451,937,971
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$69,768,490 ↑	$58,663,738	$427,573,058
2020 Form 990 Jul 1, 2020 to Jun 30, 2021	$50,777,436 ↓	$35,721,374	$455,398,692
2019 Form 990 Jul 1, 2019 to Jun 30, 2020	$55,226,015 ↑	$34,219,866	$370,968,742
2018 Form 990 Jul 1, 2018 to Jun 30, 2019	$36,689,287 ↓	$27,281,367	$352,870,215
2017 Form 990 Jul 1, 2017 to Jun 30, 2018	$38,973,869	$26,267,303	$334,262,850