Montana State University Innovation Campus
- Assets
- $18.0m
- Revenue
- $430.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 06/2012
- Data as of
- 06/2021
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
THE MSU INNOVATION CAMPUS CONTINUES TO MAKE SIGNIFICANT PROGRESS IN ESTABLISHING A RESEARCH PARK TO PROMOTE ECONOMIC DEVELOPMENT, RESEARCH, AND EDUCATIONAL OPPORTUNITIES. THE FIRST BUILDING, THE $17 MILLION DOLLAR APPLIED RESEARCH LAB, OFFICIALLY OPENED ON FEBRUARY 23, 2020. ITS PURPOSE IS TO UTILIZE MONTANA STATE UNIVERSITY FACULTY AND STUDENTS COMBINED WITH MONTANA INDUSTRY TO ENGAGE IN MANY AREAS OF THE UNIVERSITY'S RESEARCH EXPERTISE, INCLUDING LASER AND PHOTONICS, ADVANCED MANUFACTURING, ADVANCED MATERIALS, AND CYBER SECURITY IN COLLABORATION WITH THE U.S. GOVERNMENT AND INDUSTRY. ADDITIONAL TRACTS FOR DEVELOPMENT WITHIN THE 42 ACRE CAMPUS ARE BEING PLANNED NOW AS PART OF THIS EXCITING MULTIPHASE PROJECT FOR HIGH-TECH LAB, OFFICE, AND LIGHT MANUFACTURING SPACE WITH KEY INDUSTRY PARTNERS. A SECOND 88,000 SF BUILDING FOR PROFESSIONAL, MULTI TENANT OFFICE TO SUPPORT MSU RESEARCH AND ECONOMIC DEVELOPMENT WAS APPROVED FOR DEVELOPMENT IN MAY OF 2021. CONSTRUCTION IS ANTICIPATED TO BEGIN IN THE SPRING OF 2022 AND OPERATIONAL IN MID 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Barrett Vice Chair | OfficerTrustee | 0.25 | $0 |
Scott Levandowski Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
Richard Harte Chair | OfficerTrustee | 0.25 | $0 |
Susan Carstensen Director | Trustee | 0.25 | $0 |
Richard Harjes Director | Trustee | 0.25 | $0 |
Robert Morrison Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $63,796 |
| Government grants | $40,197 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,300 |
| Noncash contributions included in lines 1a–1f | $273,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,293 |
| Total Program Service Revenue | $52,667 |
| 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 | $429,960 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,272 |
| Pension plan accruals and contributions | $3,739 |
| Other employee benefits | $17,048 |
| Payroll taxes | $4,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,107 |
| Fees for services: Accounting | $1,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,000 |
| Advertising and promotion | $0 |
| Office expenses | $265 |
| Information technology | $1,864 |
| Royalties | $0 |
| Occupancy | $94,458 |
| Travel | $406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $181,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,375 |
| All other expenses | $1,204 |
| Total functional expenses | $406,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,092,378 |
| Accounts receivable, net | $15,819 |
| 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 | $6,566 |
| Net Land, buildings, and equipment | $3,859,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,347 |
| Total assets | $18,000,237 |
| Accounts payable and accrued expenses | $11,298 |
| 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 | $41,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,952,699 |
| Total liabilities | $5,005,841 |
| Net assets without donor restrictions | -$1,097,982 |
| Net assets with donor restrictions | $14,092,378 |
| 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 | $18,000,237 |
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