Montana State University Innovation Campus
- Assets
- $19.0m
- Revenue
- $730.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 06/2012
- Data as of
- 06/2023
- EIN
- 45-5507328
Organization Overview
Montana State University Innovation Campus is located in Bozeman, MT. The organization was established in 2012. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana State University Innovation Campus is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Montana State University Innovation Campus generated $730.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $471.6k during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT AND PARTNERSHIPS BETWEEN BUSINESS AND THE RESEARCH COMMUNITY OF MONTANA STATE UNIVERSITY, THE REGION, AND THE STATE OF MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MSU INNOVATION CAMPUS CONTINUES TO MAKE PROGRESS IN ESTABLISHING A RESEARCH PARK TO PROMOTE ECONOMIC DEVELOPMENT, RESEARCH, AND EDUCATIONAL OPPORTUNITIES. THE FIRST BUILDING, THE APPLIED RESEARCH LAB, OPENED EARLY 2020 AND UTILIZES MONTANA STATE UNIVERSITY (MSU) FACULTY AND STUDENTS COMBINED WITH MONTANA INDUSTRY TO ENGAGE IN MANY AREAS OF MSU'S RESEARCH EXPERTISE. AN 87,000-SF PROFESSIONAL, MULTI-TENANT OFFICE TO SUPPORT MSU RESEARCH AND ECONOMIC DEVELOPMENT, CALLED INDUSTRY - BOZEMAN, BROKE GROUND JUNE 2022 AND IS ANTICIPATED TO BE OPERATIONAL EARLY 2024. AURORA INNOVATION INC, WHICH SPECIALIZES IN TECHNOLOGY FOR SELF-DRIVING CARS, IS BUILDING A 78,000-SF FACILITY ON THE INNOVATION CAMPUS. CONSTRUCTION BEGAN IN THE SPRING OF 2023 AND IT IS EXPECTED TO BE COMPLETED IN THE THIRD QUARTER OF 2024. MSU INNOVATION CAMPUS CONTINUES TO UPDATE ITS MASTER PLAN AS PART OF THIS MULTIPHASE PROJECT FOR LAB, LIGHT MANUFACTURING, AND OFFICE SPACE WITH KEY INDUSTRY PARTNERS AND IS WORKING CLOSELY WITH THE CITY OF BOZEMAN TO CHANGE ITS ZONING DESIGNATION TO ALLOW FOR GREATER DENSITY OF DEVELOPMENT ON THE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Sharpe Executive Director | Officer | 40 | $0 |
Richard Harte Chair | OfficerTrustee | 0.25 | $0 |
Steve Barrett Vice Chair | OfficerTrustee | 0.25 | $0 |
Scott Levandowski Secretary/treasurer Till 03/23 | OfficerTrustee | 0.25 | $0 |
Susan Carstensen Director | Trustee | 0.25 | $0 |
Brit Fontenot Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,383 |
| Noncash contributions included in lines 1a–1f | $284,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,383 |
| Total Program Service Revenue | $399,913 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,722 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,672 |
| Fees for services: Accounting | $2,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,700 |
| Advertising and promotion | $0 |
| Office expenses | $833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $329,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,393 |
| All other expenses | $0 |
| Total functional expenses | $471,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,737,636 |
| Accounts receivable, net | $8,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $361,481 |
| Net Land, buildings, and equipment | $3,883,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $909 |
| Total assets | $19,012,664 |
| Accounts payable and accrued expenses | $21,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $39,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,569,650 |
| Total liabilities | $5,629,927 |
| Net assets without donor restrictions | -$1,354,899 |
| Net assets with donor restrictions | $14,737,636 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,012,664 |