University Of Montana Foundation
- Assets
- $300.1m
- Revenue
- $43.6m
- Investments
- $71.3m
- Employees
- 65
- Location
- Missoula, MT
- Founding
- 01/1953
- Data as of
- 06/2020
- EIN
- 81-0362989
Organization Overview
University Of Montana Foundation is located in Missoula, MT. The organization was established in 1953. 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, University Of Montana Foundation employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Montana 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 06/2020, University Of Montana Foundation generated $43.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $28.1m during the year ending 06/2020. While expenses have increased by 0.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE PHILANTHROPIC SUPPORT TO ENHANCE EXCELLENCE AND OPPORTUNITY AT THE UNIVERSITY OF MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACADEMIC AND INSTITUTIONAL SUPPORT FOR THE UNIVERSITY OF MONTANA'S PROGRAMS, CAPITAL PROJECTS, AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Williams Cynthia President & CEO | Officer | 40 | $229,431 |
Ritrievi Christopher Vice President Of Development | Officer | 40 | $174,903 |
Stanton Jamie Chief Finance & Operations Officer | Officer | 40 | $154,168 |
Rue Heather VP Of Marketing & Communications | 40 | $108,862 | |
Jennings Tracey Senior Director Of Development | 40 | $103,922 | |
Maclean Jacob Board Secretary | Officer | 40 | $49,637 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Phonathon | 6/29/21 | $350,230 |
Eab Fundraising Consultation | 6/29/21 | $204,443 |
Ellucian Technical Services | 6/29/21 | $170,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,554,993 |
| Investment income | $5,386,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,753,240 |
| Net Income from Fundraising Events | -$3,047 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,572,466 |
| Statement of Expenses | |
|---|---|
| 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. | $923,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,188,867 |
| Pension plan accruals and contributions | $321,244 |
| Other employee benefits | $621,376 |
| Payroll taxes | $309,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,998 |
| Fees for services: Accounting | $51,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $385,499 |
| Fees for services: Investment Management | $475,703 |
| Fees for services: Other | $692,875 |
| Advertising and promotion | $51,734 |
| Office expenses | $774,657 |
| Information technology | $329,607 |
| Royalties | $0 |
| Occupancy | $240,554 |
| Travel | $226,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,126 |
| Insurance | $25,044 |
| All other expenses | $0 |
| Total functional expenses | $28,072,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,758,191 |
| Pledges and grants receivable | $27,390,363 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $278,554 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $226,941 |
| Investments—publicly traded securities | $184,543,231 |
| Investments—other securities | $71,302,718 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,270,827 |
| Total assets | $300,141,439 |
| Accounts payable and accrued expenses | $1,288,974 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,051,512 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $760,000 |
| Other liabilities | $15,826,350 |
| Total liabilities | $36,926,836 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $263,214,603 |
Grants Awarded
Over the last fiscal year, University Of Montana Foundation has awarded $24,020,791 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF MONTANA PURPOSE: Academic & Institutional Support | $10,076,139 |
THE UNIVERSITY OF MONTANA PURPOSE: Support UofM's Capital Projects | $8,760,459 |
THE UNIVERSITY OF MONTANA PURPOSE: Student Scholarship and Awards | $5,184,193 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that University Of Montana Foundation has recieved totaling $1,721,227.
| Awarding Organization | Amount |
|---|---|
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $513,606 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $400,030 |
| $241,149 | |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $120,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $57,210 |
Montana Justice Foundation Helena, MT PURPOSE: EDUCATION PROGRAM | $48,750 |
Endowment Analysis
| Beg. Balance | $162,166,630 |
| Earnings | $46,737,023 |
| Admin Expense | $3,315,666 |
| Net Contributions | $15,160,753 |
| Grants | $5,575,274 |
| Ending Balance | $215,173,466 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
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 |