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.
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 |
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 |
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 |
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 |
Beg. Balance | $42,100,223 |
Earnings | $11,541,888 |
Net Contributions | $1,525,169 |
Other Expense | $3,074,543 |
Ending Balance | $52,092,737 |
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 |