Montana Farm Bureau Foundation
- Assets
- $1.3m
- Revenue
- $174.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 09/1998
- Data as of
- 09/2023
- EIN
- 81-0518824
Organization Overview
Montana Farm Bureau Foundation is located in Bozeman, MT. The organization was established in 1998. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Farm Bureau 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 09/2023, Montana Farm Bureau Foundation generated $174.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $105.0k during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MONTANA AGRICULTURE THROUGH EDUCATION, RESEARCH, AND COMMUNITY SUPPORT, WITH A SPECIAL EMPHASIS FOR THE DEVELOPMENT OF OUR YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT- ACE SCHOLARSHIPS- ARMED TO COMMUNICATE INDUSTRY ISSUES, PARTICIPANTS WILL BE ABLE TO REPRESENT FARM BUREAU INTERESTS AND AGRICULTURE AT A LOCAL, STATE, AND NATIONAL LEVEL. ACE PARTICIPANTS RECEIVE AN IN-DEPTH APPROACH TO LEADERSHIP AND HOW TO APPLY IT. MORE THAN THAT, ACE PARTICIPANTS WILL LEARN TO IDENTIFY THE NEEDS OF THEIR OWN COMMUNITIES AND THE ROLE THEY, AND FARM BUREAU, HAVE IN SERVING THOSE NEEDS. WITHOUT A VIBRANT, HEALTHY GRASSROOTS FOUNDATION WE CANNOT PROFOUNDLY AFFECT CHANGE ON THE POLICY ISSUES IMPACTING AGRICULTURE. LEADERSHIP DEVELOPMENT- OUR FOUNDATION SUPPORTED YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT AND PROVIDED $17,300 IN SCHOLARSHIPS SO THAT MONTANA YOUTH CAN RECEIVE THE TRAINING AND EDUCATION THEY NEED AT STATE AND NATIONAL LEADERSHIP CONFERENCES.
MONTANA FARM BUREAU FOUNDATION PROVIDED MORE THAN $5,000 WORTH OF AGRICULTURAL EDUCATION MATERIALS TO CLASSROOMS AND ORGANIZATIONS THROUGHOUT MONTANA. WE GAVE OUT HUNDREDS OF FOOD AND FARM FACTS, AG MAGS AND PENCILS PRINTED WITH FARM FACTS. THESE MATERIALS PROVIDE STUDENTS WITH ACCURATE INFORMATION ABOUT HOW AGRICULTURE FEEDS THE WORLD AND CARES FOR THE ENVIRONMENT.
YOUTH EDUCATION SUPPORT- $10,000 SPENT TOWARD SUPPORT FOR AGRICULTURE FOR YOUTH TO OUR COLLEGIATE YOUNG FARMER & RANCHER CLUBS THAT FOSTER YF&R INVOLVEMENT AT THE COLLEGIATE LEVEL ACROSS FOUR DIFFERENT CAMPUSES IN MONTANA.
MONTANA FARM BUREAU FOUNDATION PROVIDED SEVEN $1,000 MINI GRANTS DURING OUR FISCAL YEAR. OUR MINI GRANTS SUPPORT AGRICULTURAL EDUCATION AND PROMOTION PROJECTS. HERE ARE A FEW EXAMPLES OF THE MINI GRANTS AWARDED AND PROJECTS SUPPORTED:SUCCESS STORIES: AN EVENING ABOUT FAMILY RANCH TRANSITIONS- WE AWARDED A MINI-GRANT TO HELP WITH FUNDING FOR A RANCH SUCCESSION TRAINING SEMINAR HELD IN MALTA, MT. THEY HAD OVER 60 PEOPLE IN ATTENDANCE AND BROUGHT IN FAMILIES WITH FIRST-HAND EXPERIENCE AND EXPERTS IN NAVIGATING RANCH ESTATE PLANNING. THIS IS A GREAT WAY TO HAVE AN IMPACT IN RURAL COMMUNITIES AND SERVES OUR MISSION WELL.JUNIOR AGRICULTURAL MECHANICS SHOW, MSU DEPARTMENT OF AGRICULTURAL AND TECHNOLOGY EDUCATION - OUR MINI-GRANT HELPED FUND AWARDS FOR THIS PROJECT THAT FOCUSES ON MONTANA FFA MEMBERS' EXPERTISE ON DESIGNING AND CONSTRUCTING AGRICULTURAL MECHANICS PROJECTS. MIDDLE AND HIGH SCHOOL STUDENTS ENROLLED IN AGRICULTURAL EDUCATION COURSES WORKED TO FABRICATE AGRICULTURAL MECHANICS PROJECTS. SKILLS LEARNED INCLUDE WELDING, CUTTING, AND FASTENING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kulbeck Executive Vice President | OfficerTrustee | 5 | $0 |
Diana Bailey Secretary-Treasurer | OfficerTrustee | 5 | $0 |
Hans Mcpherson Immediate Past President | OfficerTrustee | 2 | $0 |
Cyndi Johnson President | OfficerTrustee | 2 | $0 |
Gary Heibertshausen Vice President | OfficerTrustee | 2 | $0 |
Sky Anderson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,700 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,749 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,449 |
| Total Program Service Revenue | $0 |
| Investment income | $32,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,785 |
| Net Income from Gaming Activities | $4,775 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,450 |
| Grants and other assistance to domestic individuals. | $17,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,716 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,752 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $105,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,596 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,788 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,060,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $29,455 |
| Other assets | $57,525 |
| Total assets | $1,256,630 |
| Accounts payable and accrued expenses | $0 |
| 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 | $15,902 |
| Total liabilities | $15,902 |
| Net assets without donor restrictions | $1,088,718 |
| Net assets with donor restrictions | $152,010 |
| 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 | $1,256,630 |
Grants Awarded
Over the last fiscal year, Montana Farm Bureau Foundation has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA FFA FOUNDATION PURPOSE: TO SUPPORT THE STATE DEGREE SESSION CONVENTION, CDE SPONSOR, LEADERSHIP WORKSHOP, SPEAKERS, AND GOLF TOURNAMENT SPONSORSHIP. | $8,500 |
MONTANA 4-H FOUNDATION PURPOSE: TO SUPPORT AND SPONSOR THE WORKING RANCH HORSE EVENT AND OTHER PROGRAMS. | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missoula Food Bank Qalicb Missoula, MT | $4,847,765 | $58,012 |
North Dakota Farmers Union Educational Foundation Jamestown, ND | $1,872,460 | $281,266 |
Montana Farm Bureau Foundation Bozeman, MT | $1,256,630 | $174,613 |
Park County Ag Fair Alumni Livingston, MT | $37,309 | $100,963 |
Nile Foundation Billings, MT | $102,450 | $0 |
Central States Fair Foundation Rapid City, SD | $497,040 | $0 |
Madison County Fairgrounds Improvement Foundation Inc Twin Bridges, MT | $332,928 | $11,503 |
Issaquah Turkey Trot Meridan, ID | $0 | $0 |