Montana Technological University Foundation

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.

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)Compensation
Michael Barth
Executive Director
$107,851
Deanna Johnson
CFO
$85,861
Nick Digiovine
Board Chair
$0
Dan Manson
Treasurer Thru 06/21
$0
Josh Vincent
Treasurer As Of 06/21
$0
Tom Hohn
Secretary
$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

Grants Awarded

Over the last fiscal year, Montana Technological University Foundation has awarded $3,196,968 in support to 3 organizations.

Grant RecipientAmount

MONTANA TECHNOLOGICAL UNIVERSITY

PURPOSE: STUDENT SCHOLARSHIPS, PROFESSORSHIP SUPPLEMENTS AND PROGRAM DISTRIBUTIONS.

$3,126,356

DIGGER ATHLETIC ASSOCIATION

Org PageRecipient Profile

Butte, MT

PURPOSE: GENERAL OPERATIONS

$52,510

MONTANA TECH ALUMNI ASSOCIATION

Org PageRecipient Profile

Butte, MT

PURPOSE: GENERAL OPERATIONS

$18,102
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Montana Technological University Foundation has recieved totaling $5,000.

Awarding OrganizationAmount
James And Chloe Gilman Charitable Foundation Inc

Butte, MT

PURPOSE: ENDOWMENT SCHOLARSHIP

$5,000
View Grant Recipient Profile

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

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