Montana State University Foundation
- Assets
- $271.7m
- Revenue
- $31.7m
- Investments
- $192.9m
- Employees
- 75
- Location
- Bozeman, MT
- Founding
- 09/1958
- Data as of
- 06/2020
- 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 06/2021, Msu Alumni Foundation employed 75 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 06/2020, Msu Alumni Foundation generated $31.7m 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 (15.1%) each year. All expenses for the organization totaled $22.5m during the year ending 06/2020. 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
2020
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 SERVE COMMUNITIES. MSUAF PROVIDED $4.1 MILLION TO ENRICH INSTRUCTION, RESEARCH, AND PUBLIC SERVICE OF ITS 16,841 STUDENTS AS WELL AS $9.3 MILLION TO CONSTRUCT AND EQUIP FACILITIES THAT ENHANCE THEIR RESEARCH AND LEARNING ENVIRONMENTS.
MSUAF PROVIDED 3,305 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 145,000 ALUMNI AND FRIENDS OF MONTANA STATE UNIVERSITY THROUGH INCLUSIVE COMMUNICATIONS, EVENTS, AND AFFILIATE NETWORKS. OVER 90,000 ALUMNI WERE APPRISED REGULARLY OF MSU NEWS, EVENTS, AND INVITATIONS TO CONNECT WITH THE UNIVERSITY AND WITH ONE ANOTHER. JUST OVER 80 EVENTS BROUGHT PROGRAMS, MEANINGFUL EXPERIENCES AND UNIQUE OPPORTUNITIES TO OVER 13,000 KNOWN ALUMNI, FRIENDS, SUPPORTERS AND FANS, TO PROVIDE ENGAGEMENT WITH MSU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Murray President & CEO | Officer | 50 | $290,319 |
Mary Jane Mcgarity VP Development | 40 | $131,798 | |
Kathleen Saylor VP Operations | 40 | $129,987 | |
Jackie Sather Sr Development Director | 40 | $111,503 | |
Melissa Kinnear VP Finance & Acctg | Officer | 50 | $107,562 |
Steve Rovig Chair | OfficerTrustee | 1.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martel Construction Inc Building Construction | 6/29/21 | $4,166,551 |
Ruffalo Noel Levitz Phonathon Services | 6/29/21 | $271,923 |
A&e Architects Pc Building Construction | 6/29/21 | $171,714 |
Color World Printing | 6/29/21 | $149,110 |
Montana State University Catering, Mailing, Janitorial And Maint. | 6/29/21 | $226,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,949,603 |
| Investment income | $1,992,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $33,025 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $266,381 |
| Net Income from Fundraising Events | -$939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,692,855 |
| 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. | $463,334 |
| Compensation to disqualified persons | $93,193 |
| Other salaries and wages | $3,386,384 |
| Pension plan accruals and contributions | $269,678 |
| Other employee benefits | $705,754 |
| Payroll taxes | $294,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,663 |
| Fees for services: Accounting | $51,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $262,613 |
| Fees for services: Investment Management | $7,077 |
| Fees for services: Other | $83,650 |
| Advertising and promotion | $32,400 |
| Office expenses | $600,747 |
| Information technology | $340,660 |
| Royalties | $0 |
| Occupancy | $138,382 |
| Travel | $157,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $243,770 |
| Interest | $54,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,131 |
| Insurance | $31,103 |
| All other expenses | $0 |
| Total functional expenses | $22,517,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $966,409 |
| Savings and temporary cash investments | $14,225,349 |
| Pledges and grants receivable | $19,835,054 |
| Accounts receivable, net | $16,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,748,367 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,620 |
| Investments—publicly traded securities | $35,031,245 |
| Investments—other securities | $192,916,534 |
| Investments—program-related | -$1,168,177 |
| Intangible assets | $0 |
| Other assets | $437,897 |
| Total assets | $271,741,291 |
| Accounts payable and accrued expenses | $1,743,433 |
| Grants payable | $0 |
| Deferred revenue | $775,271 |
| 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 | $534,459 |
| Other liabilities | $15,196,095 |
| Total liabilities | $18,249,258 |
| 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 | $253,492,033 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montana State University Foundation has recieved totaling $33,950.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $28,950 |
Moonlight Community Foundation Big Sky, MT PURPOSE: FUNDS WILL BE USED FOR THE MONTANA SHAKESPEARE IN THE PARKS BIG SKY COMMUNITY PERFORMANCES. | $5,000 |
Endowment Analysis
| Beg. Balance | $171,183,813 |
| Earnings | $50,486,281 |
| Admin Expense | $3,454,371 |
| Net Contributions | $6,266,668 |
| Grants | $5,774,516 |
| Ending Balance | $218,707,875 |
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 |