Foundation Of Montana State University-Billings
- Assets
- $38.8m
- Revenue
- $3.8m
- Investments
- $29.7m
- Employees
- 19
- Location
- Billings, MT
- Founding
- 06/1968
- Data as of
- 06/2022
- 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 06/2022, Foundation Of Montana State University-Billings employed 19 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 06/2022, Foundation Of Montana State University-Billings generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation Of Montana State University-Billings has awarded 14 individual grants totaling $4,249,037. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A CHARITABLE ORGANIZATION FOUNDED TO ADVANCE THE GOALS OF MSU BILLINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS - ACTIVITIES THAT PROVIDE DIRECT FINANCIAL SUPPORT FOR MSU BILLINGS STUDENTS. THE FOUNDATION PROVIDED FUNDS FOR 811 SCHOLARSHIPS TO STUDENTS RANGING IN VALUE FROM $200 TO $7,500.
ACADEMIC PROGRAMS - ACTIVITIES THAT PROVIDE FUNDING TO SUPPORT ACADEMIC PROGRAMS AT MSU BILLINGS BY PROVIDING SPECIFIC RESOURCES AND FACULTY DEVELOPMENT OPPORTUNITIES.ALUMNI RELATIONS - ACTIVITIES RELATED TO ALL ACTIVITIES OF THE MSU BILLINGS ALUMNI ASSOCIATION.
CAMPUS PROJECTS - ACTIVITIES RELATED TO CAPITAL EXPENDITURES FOR MSU BILLINGS AND FOR INTERCOLLEGIATE ATHLETIC PROGRAMS AND THE MSU BILLINGS LIBRARY.
CAMPUS AND COMMUNITY OUTREACH - ACTIVITIES RELATED TO THE FOUNDATION'S PUBLIC RELATIONS EFFORTS TO PROMOTE MSU BILLINGS THROUGHOUT THE GREATER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald L Roberts Chair | OfficerTrustee | 4 | $0 |
Joanne Sheridan Vice Chair | OfficerTrustee | 2 | $0 |
Thomas Potter Treasurer | OfficerTrustee | 2 | $0 |
Kay Berry Secretary | OfficerTrustee | 2 | $0 |
Donna Fredericks Trustee | Trustee | 0.5 | $0 |
Beverly Hall Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $281,118 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,989,319 |
| Noncash contributions included in lines 1a–1f | $40,948 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,420,437 |
| Total Program Service Revenue | $274,735 |
| Investment income | $147,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $477,450 |
| Net Gain/Loss on Asset Sales | $292,576 |
| Net Income from Fundraising Events | $231,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,844,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,236,649 |
| 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. | $407,881 |
| Compensation of current officers, directors, key employees. | $85,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,127 |
| Pension plan accruals and contributions | $29,790 |
| Other employee benefits | $49,893 |
| Payroll taxes | $61,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,732 |
| Fees for services: Accounting | $21,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,490 |
| Fees for services: Other | $5,227 |
| Advertising and promotion | $0 |
| Office expenses | $79,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,613 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,601 |
| Insurance | $5,011 |
| All other expenses | $29,840 |
| Total functional expenses | $3,880,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,227 |
| Savings and temporary cash investments | $875,274 |
| Pledges and grants receivable | $1,303,788 |
| Accounts receivable, net | $17,426 |
| 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 | $61,480 |
| Net Land, buildings, and equipment | $846,235 |
| Investments—publicly traded securities | $5,076,988 |
| Investments—other securities | $29,687,101 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $893,259 |
| Total assets | $38,846,778 |
| Accounts payable and accrued expenses | $71,558 |
| Grants payable | $856,650 |
| 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 | $158,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,396,138 |
| Total liabilities | $3,482,650 |
| Net assets without donor restrictions | $5,017,006 |
| Net assets with donor restrictions | $30,347,122 |
| 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 | $38,846,778 |
Grants Awarded
Over the last fiscal year, Foundation Of Montana State University-Billings has awarded $2,236,649 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA STATE UNIVERSITY BILLINGS PURPOSE: To support Montana State University Billings Academic Programs, Campus Projects, Campus and Community Outreach and Alumni Relations. | $1,192,830 |
MONTANA STATE UNIVERSITY BILLINGS PURPOSE: To fund Montana State University Billings Scholarships awarded to 811 recipients. | $1,043,819 |