Montana Technological University Foundation
- Assets
- $62.8m
- Revenue
- $8.0m
- Investments
- $2.2m
- Employees
- 7
- Location
- Butte, MT
- Founding
- 02/1969
- Data as of
- 06/2021
- EIN
- 81-0250363
Organization Overview
Montana Technological University Foundation is located in Butte, MT. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Montana Technological University Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Technological University Foundation 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 06/2021, Montana Technological University Foundation generated $8.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $4.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY.
Describe the Organization's Program Activity:
THE MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION PROVIDED THE MONTANA TECHNOLOGICAL UNIVERSITY WITH PRIVATE DOLLARS TO ADVANCE ITS MISSION TO CONNECT STUDENTS TO A NETWORK OF PEOPLE, OPPORTUNITIES AND EXPERIENCE THAT EMPOWER THEM TO CHANGE THE WORLD. THE FOUNDATION PROVIDED $1.9 MILLION IN SCHOLARSHIPS TO 680 STUDENTS AND $1.7 MILLION TO ASSIST DEPARTMENTS WITH PURCHASES OF EQUIPMENT, SUPPLIES AND FACULTY SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Barth Executive Director | Officer | 40 | $107,851 |
Deanna Johnson CFO | Officer | 40 | $85,861 |
Nick Digiovine Board Chair | OfficerTrustee | 1 | $0 |
Dan Manson Treasurer Thru 06/21 | OfficerTrustee | 1 | $0 |
Josh Vincent Treasurer As Of 06/21 | OfficerTrustee | 1 | $0 |
Tom Hohn Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,260 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,248,411 |
| Noncash contributions included in lines 1a–1f | $425,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,272,671 |
| Total Program Service Revenue | $200,000 |
| Investment income | $11,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,419,453 |
| Net Income from Fundraising Events | $33,291 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,987,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,223,805 |
| 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. | $367,419 |
| Compensation of current officers, directors, key employees. | $25,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,474 |
| Pension plan accruals and contributions | $26,417 |
| Other employee benefits | $9,725 |
| Payroll taxes | $76,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,021 |
| Fees for services: Accounting | $33,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $39,582 |
| Fees for services: Investment Management | $84,481 |
| Fees for services: Other | $133,348 |
| Advertising and promotion | $18,663 |
| Office expenses | $64,975 |
| Information technology | $160,073 |
| Royalties | $0 |
| Occupancy | $8,414 |
| Travel | $27,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,774 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,093 |
| Insurance | $17,299 |
| All other expenses | $1,289 |
| Total functional expenses | $4,882,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,061 |
| Savings and temporary cash investments | $5,807,336 |
| Pledges and grants receivable | $1,602,640 |
| Accounts receivable, net | $0 |
| 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 | $274,631 |
| Net Land, buildings, and equipment | $1,949,127 |
| Investments—publicly traded securities | $50,407,583 |
| Investments—other securities | $2,191,795 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,532 |
| Total assets | $62,802,705 |
| Accounts payable and accrued expenses | $229,680 |
| 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 | $561,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,927 |
| Total liabilities | $945,067 |
| Net assets without donor restrictions | $2,488,804 |
| Net assets with donor restrictions | $59,368,834 |
| 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 | $62,802,705 |
Grants Awarded
Over the last fiscal year, Montana Technological University Foundation has awarded $3,196,968 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA TECHNOLOGICAL UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS, PROFESSORSHIP SUPPLEMENTS AND PROGRAM DISTRIBUTIONS. | $3,126,356 |
Butte, MT PURPOSE: GENERAL OPERATIONS | $52,510 |
Butte, MT PURPOSE: GENERAL OPERATIONS | $18,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Technological University Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
James And Chloe Gilman Charitable Foundation Inc Butte, MT PURPOSE: ENDOWMENT SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $42,100,223 |
| Earnings | $11,541,888 |
| Net Contributions | $1,525,169 |
| Other Expense | $3,074,543 |
| Ending Balance | $52,092,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Northern Wyoming Community College Foundation Sheridan, WY | $33,113,108 | $3,315,180 |
Northwest College Foundation Powell, WY | $59,844,602 | $7,208,480 |
Williston State College Foundation Williston, ND | $26,851,284 | $7,223,320 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
The Bismarck State College Foundation Bismarck, ND | $52,565,750 | $4,203,198 |
Valley City State University Foundation Valley City, ND | $18,931,398 | $7,610,342 |