Foundation Of Montana State University-Billings
- Assets
- $43.3m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Billings, MT
- Founding
- 06/1968
- Data as of
- 06/2021
- EIN
- 81-0301477
Organization Overview
Foundation Of Montana State University-Billings is located in Billings, MT. The organization was established in 1968. 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, Foundation Of Montana State University-Billings employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Montana State University-Billings 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, Foundation Of Montana State University-Billings generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $7.8m during the year ending 06/2021. While expenses have increased by 15.1% 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.
Since 2015, Foundation Of Montana State University-Billings has awarded 12 individual grants totaling $2,012,388. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MSU BILLINGS FOUNDATION IS A PHILANTHROPIC ORGANIZATION FOUNDED IN 1968 TO ADVANCE THE GOALS OF MSU BILLINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS PROJECTS - ACTIVITIES RELATED TO CAPITAL EXPENDITURES FOR MSU BILLINGS AND EXPENDITURES FOR INTERCOLLEGIATE ATHLETIC PROGRAMS AND THE MSU BILLINGS LIBRARY.
STUDENT SCHOLARSHIPS - ACTIVITIES THAT PROVIDE DIRECT FINANCIAL SUPPORT FOR MSU BILLINGS STUDENTS. THE FOUNDATION PROVIDED 1,190 SCHOLARSHIPS TO MONTANA STATE UNIVERSITY BILLINGS STUDENTS RANGING IN VALUE FROM $200 TO $7,500.
CAMPUS AND COMMUNITY OUTREACH - ACTIVITIES RELATED TO THE FOUNDATION'S PUBLIC RELATION EFFORTS TO PROMOTE MSU BILLINGS THROUGHOUT THE GREATER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Kennedy Trustee | Officer | 40 | $127,985 |
Jon Egeland Vice President Of Finance | Officer | 40 | $76,564 |
Carter Mollgaard Chair | OfficerTrustee | 2 | $0 |
Donald Roberts Vice Chair | OfficerTrustee | 0.5 | $0 |
Darwin George Secretary | OfficerTrustee | 2 | $0 |
Tom Potter Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $349,298 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,672,247 |
| Noncash contributions included in lines 1a–1f | $133,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,021,545 |
| Total Program Service Revenue | $0 |
| Investment income | $493,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $484,255 |
| Net Gain/Loss on Asset Sales | $9,716,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,750,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,775,452 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,245 |
| Compensation of current officers, directors, key employees. | $78,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,414 |
| Pension plan accruals and contributions | $31,173 |
| Other employee benefits | $53,475 |
| Payroll taxes | $55,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,523 |
| Fees for services: Accounting | $23,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,922 |
| Fees for services: Other | $83,272 |
| Advertising and promotion | $7,620 |
| Office expenses | $154,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,164 |
| Insurance | $4,483 |
| All other expenses | $38,022 |
| Total functional expenses | $7,761,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,886 |
| Savings and temporary cash investments | $1,344,945 |
| Pledges and grants receivable | $1,614,500 |
| Accounts receivable, net | $62,730 |
| 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 | $59,448 |
| Net Land, buildings, and equipment | $896,515 |
| Investments—publicly traded securities | $39,203,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,133 |
| Total assets | $43,347,395 |
| Accounts payable and accrued expenses | $61,227 |
| Grants payable | $1,150,815 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,906,042 |
| Total liabilities | $4,118,084 |
| Net assets without donor restrictions | $5,802,901 |
| Net assets with donor restrictions | $33,426,410 |
| 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 | $43,347,395 |
Grants Awarded
Over the last fiscal year, Foundation Of Montana State University-Billings has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of Montana State University-Billings has recieved totaling $6,600.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $6,600 |
Endowment Analysis
| Beg. Balance | $27,055,408 |
| Earnings | $7,537,343 |
| Net Contributions | $497,591 |
| Grants | $1,104,843 |
| Ending Balance | $33,985,499 |
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 |