Montana State University Foundation
- Assets
- $379.1m
- Revenue
- $61.2m
- Investments
- $137.9m
- Employees
- 80
- Location
- Bozeman, MT
- Founding
- 09/1958
- Data as of
- 06/2023
- EIN
- 81-6001649
Organization Overview
Montana State University Foundation, operating under the name Msu Alumni Foundation, is located in Bozeman, MT. The organization was established in 1958. 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 06/2023, Msu Alumni Foundation employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msu Alumni 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 06/2023, Msu Alumni Foundation generated $61.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $29.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATE LIFELONG RELATIONSHIPS AND SECURE PRIVATE SUPPORT TO ADVANCE MONTANA STATE UNIVERSITY.
Describe the Organization's Program Activity:
MSUAF PROVIDED MONTANA STATE UNIVERSITY WITH PRIVATE DOLLARS TO ADVANCE ITS LAND-GRANT MISSION TO INTEGRATE EDUCATION, CREATE KNOWLEDGE AND ART, AND SERVICE COMMUNITIES. MSUAF PROVIDED $7.4 MILLION TO ENRICH INSTRUCTION, RESEARCH, AND PUBLIC SERVICE OF MONTANA STATE UNIVERSITY'S 16,688 STUDENTS AS WELL AS $2.4 MILLION TO CONSTRUCT AND EQUIP FACILITIES THAT ENHANCE THEIR RESEARCH AND LEARNING ENVIRONMENTS.
MSUAF PROVIDED 2,790 STUDENTS WITH SCHOLARSHIPS TO ATTEND MONTANA STATE UNIVERSITY. SCHOLARSHIPS ALLOWED THESE STUDENTS TO PURSUE ADVANCED EDUCATION, LESSENING THE BURDEN OF TUITION, HOUSING, AND FEES.
ALUMNI ENGAGEMENT CONNECTS OVER 240,000 CONTACTABLE ALUMNI AND FRIENDS OF MONTANA STATE UNIVERSITY THROUGH INCLUSIVE COMMUNICATIONS, EVENTS, AND AFFILIATE NETWORKS. ALUMNI (WHICH INCLUDED GRADUATES AND NONDEGREED ATTENDEES) AND FRIENDS (AFFILIATES, STAFF, FACULTY, DONORS, PARENTS OF CURRENT STUDENTS) RECEIVE REGULAR MSU NEWS, EVENTS, AND INVITATIONS TO CONNECT WITH MONTANA STATE AND ONE ANOTHER, LOCALLY, IN POPULUS TARGET REGIONS, AND IN CHAPTER AREAS AND ACROSS THE COUNTRY. OVER 270 EVENTS INCLUDING IN-PERSON AND HYBRID, BROUGHT PROGRAMS, MEANINGFUL EXPERIENCES AND UNIQUE OPPORTUNITIES TO ENGAGE WITH MSU, TO OVER 15,000 TRACKED ALUMNI,FRIENDS, SUPPORTERS AND FANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Collins Chair | OfficerTrustee | 3.98 | $0 |
Mary Ann Pearce Vice Chair | OfficerTrustee | 2.65 | $0 |
Bill Sanderson Secretary/treasurer | OfficerTrustee | 3.58 | $0 |
Steve Rovig Past Chair | OfficerTrustee | 0.77 | $0 |
Ron Aasheim Governor | Trustee | 0.77 | $0 |
Behrooz Abdi Governor | Trustee | 0.77 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martel Construction Inc Building Construction | 6/29/23 | $363,413 |
Wilshire Advisors Llc Investment Consultant | 6/29/23 | $220,000 |
Blackbaud Inc Technology Services | 6/29/23 | $217,147 |
Ruffalo Noel Levitz Fundraising Services | 6/29/23 | $209,327 |
Publications Printers Corp Printing Services | 6/29/23 | $171,428 |
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 | $47,608,471 |
| Noncash contributions included in lines 1a–1f | $14,076,112 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,608,471 |
| Total Program Service Revenue | $3,516,549 |
| Investment income | $5,649,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $181 |
| Net Rental Income | $19,200 |
| Net Gain/Loss on Asset Sales | $3,878,796 |
| Net Income from Fundraising Events | $14,253 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,224,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,088,640 |
| 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. | $691,417 |
| Compensation of current officers, directors, key employees. | $563,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,230,976 |
| Pension plan accruals and contributions | $372,158 |
| Other employee benefits | $855,163 |
| Payroll taxes | $462,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,523 |
| Fees for services: Accounting | $68,987 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $241,613 |
| Fees for services: Investment Management | $5,491 |
| Fees for services: Other | $286,975 |
| Advertising and promotion | $379,551 |
| Office expenses | $953,253 |
| Information technology | $520,698 |
| Royalties | $0 |
| Occupancy | $181,382 |
| Travel | $261,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482,154 |
| Interest | $20,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,836 |
| Insurance | $41,181 |
| All other expenses | $0 |
| Total functional expenses | $29,360,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,427 |
| Savings and temporary cash investments | $31,437,666 |
| Pledges and grants receivable | $18,792,337 |
| Accounts receivable, net | $7,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,615,245 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $757,614 |
| Net Land, buildings, and equipment | $7,169,975 |
| Investments—publicly traded securities | $177,575,204 |
| Investments—other securities | $137,894,468 |
| Investments—program-related | -$462,427 |
| Intangible assets | $0 |
| Other assets | $276,273 |
| Total assets | $379,099,449 |
| Accounts payable and accrued expenses | $1,445,156 |
| Grants payable | $0 |
| Deferred revenue | $529,692 |
| 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 | $2,193,990 |
| Other liabilities | $16,769,576 |
| Total liabilities | $20,938,414 |
| Net assets without donor restrictions | $14,389,418 |
| Net assets with donor restrictions | $343,771,617 |
| 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 | $379,099,449 |
Grants Awarded
Over the last fiscal year, Montana State University Foundation has awarded $37,583,886 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ENGINEERS WITHOUT BORDERS-USA PURPOSE: GIVING DAY FUNDRAISER PASS THRU GRANT | $7,094 |
MONTANA STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $17,408,556 |
MONTANA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS TO MONTANA STATE UNIVERSITY STUDENTS AND PROGRAM SUPPORT . | $20,148,065 |
STUDENTS AGAINST SEXUAL ASSUALT PURPOSE: GIVING DAY FUNDRAISER PASS THRU GRANT | $13,847 |
WOMENS CLUB VOLLEYBALL AT MSU PURPOSE: GIVING DAY FUNDRAISER PASS THRU GRANT | $6,324 |