Montana State University-Northern Foundation
- Assets
- $15.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Havre, MT
- Founding
- 01/1982
- Data as of
- 06/2022
- EIN
- 81-0375335
Organization Overview
Montana State University-Northern Foundation is located in Havre, MT. The organization was established in 1982. 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, Montana State University-Northern Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana State University-Northern 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 06/2022, Montana State University-Northern Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MSU NORTHERN FOUNDATION PROVIDES SUPPORT FOR MONTANA STATE UNIVERSITY NORTHERN THROUGH FUND RAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THIS ACTIVITY PROVIDES SCHOLARSHIPS FOR STUDENTS AT MSU- NORTHERN.
ATHLETICS - PROVIDES SUPPORT TO MSU-NORTHERN ATHLETIC PROGRAMS IN THE FORM OF DIRECT SUPPORT.
SPECIAL PROJECTS - PROVIDES SUPPORT FOR PROGRAMS, CAMPUS IMPROVEMENTS, FACULTY SUPPORT, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shantel Cronk Executive Di | OfficerTrustee | 40 | $79,456 |
Roger Pugh Interim Exec | Trustee | 3 | $2,550 |
Jim Anderson Vice Chair | OfficerTrustee | 3 | $0 |
Al Garver Executive Di | OfficerTrustee | 3 | $0 |
Kurt Johnson Chairman | OfficerTrustee | 3 | $0 |
Shari Baltrusch Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
45 Architecture Architecture Services | 6/29/19 | $202,495 |
Bannack Group Fundraising Services | 6/29/19 | $100,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,127,010 |
| Noncash contributions included in lines 1a–1f | $1,985,246 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,127,010 |
| Total Program Service Revenue | $0 |
| Investment income | -$1,157,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,042,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $559,048 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,473 |
| Compensation of current officers, directors, key employees. | $82,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,236 |
| Pension plan accruals and contributions | $9,923 |
| Other employee benefits | $40,496 |
| Payroll taxes | $17,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,141 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $77,755 |
| Information technology | $51,463 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $744 |
| Insurance | $4,819 |
| All other expenses | $0 |
| Total functional expenses | $1,501,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,720,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $799,621 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $289,807 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,743 |
| Net Land, buildings, and equipment | $1,918,744 |
| Investments—publicly traded securities | $10,770,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,711 |
| Total assets | $15,592,257 |
| Accounts payable and accrued expenses | $11,802 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,931,692 |
| Total liabilities | $1,943,494 |
| Net assets without donor restrictions | $919,931 |
| Net assets with donor restrictions | $12,728,832 |
| 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 | $15,592,257 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Montana State University-Northern Foundation has recieved totaling $59,518.
| Awarding Organization | Amount |
|---|---|
Dennis R Washington Foundation Inc Missoula, MT PURPOSE: DIESEL TECHNOLOGY SCHOLARSHIPS | $20,000 |
Dennis R Washington Foundation Inc Missoula, MT PURPOSE: 2021 SCHOLARSHIPS | $15,000 |
Ellucian Foundation Reston, VA PURPOSE: PATH SCHOLARSHIP 2021 | $15,000 |
Jane Buttrey Memorial Trust Milwaukee, WI PURPOSE: SCHOLARSHIP | $6,500 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Endowment Analysis
| Beg. Balance | $9,960,172 |
| Earnings | -$942,408 |
| Net Contributions | $930,241 |
| Grants | $247,998 |
| Ending Balance | $9,785,038 |
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 |