Montana Farmers Union Foundation
- Assets
- $1.1m
- Revenue
- $649.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Great Falls, MT
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 47-3354069
Organization Overview
Montana Farmers Union Foundation is located in Great Falls, MT. The organization was established in 2017. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, 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 Farmers Union 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 12/2021, Montana Farmers Union Foundation generated $649.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $11.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER EDUCATION ON RURAL AND AGRICULTURAL ISSUES WITHIN THE STATE OF MONTANA FOR BOTH ADULTS AND YOUTHS. TO PROVIDE RESOURCES FOR RURAL ECONOMIC AND COOPERATIVE DEVELOPMENT WITHIN THE STATE OF MONTANA. TO SEEK OUT, PROPERLY RECEIVE, INVEST, AND DISTRIBUTE GRANTS OR GIFTS MADE TO THE FOUNDATION, AND TO DISTRIBUTE THE SAME, SUBJECT TO ANY LIMITATIONS ON GIFTS RECEIVED IN ACCORDANCE WITH THE FOUNDATION'S BYLAWS, POLICIES, VISION AND VALUES. TO SUPPORT EXPRESSED NEEDS FOR IMPROVEMENTS IN THE AGRICULTURAL EDUCATION. TO IDENTIFY AND CULTIVATE RELATIONSHIPS WITH INDIVIDUALS, GROUPS, CORPORATIONS, FOUNDATIONS AND AGENCIES WHO SHARE THE VISION OF ENHANCED AGRICULTURAL OUTREACH AND EDUCATION AND RURAL ECONOMIC DEVELOPMENT AND WHO MAY BE IN A POSITION TO INVEST IN THAT VISION. TO INFORM THE RESIDENTS OF MONTANA ABOUT OPPORTUNITIES AVAILABLE TO THEM TO INVEST IN AGRICULTURE AND AGRICULTURAL EDUCATION AND RURAL ECONOMIC DEVELOPMENT THROUGH MUTUALLY BENEFICIAL GIFTS OF TIME, MONEY,
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FURTHER EDUCATION ON RURAL AND AGRICULTURAL ISSUES WITHIN THE STATE OF MONTANA BY PROVIDING RESOURCES FOR RURAL ECONOMIC AND COOPERATIVE DEVELOPMENT WITHIN THE STATE OF MONTANA THROUGH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rollie Schlepp Vice President | OfficerTrustee | 1 | $0 |
Jan Tusick Secretary/treasurer | OfficerTrustee | 1 | $0 |
Walter Schweitzer President | OfficerTrustee | 1 | $0 |
William Downs Board Member | Trustee | 1 | $0 |
Ben Peterson Board Member | Trustee | 1 | $0 |
Erik Somerfeld Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,559 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,996 |
| Total Program Service Revenue | $0 |
| Investment income | $10,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $460 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,817 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $4 |
| Total functional expenses | $11,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $1,048,807 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,063,446 |
| Accounts payable and accrued expenses | $240 |
| 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 | $0 |
| Total liabilities | $240 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,063,206 |
| Total liabilities and net assets/fund balances | $1,063,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Darby Rodeo Association Darby, MT | $248,016 | $747,025 |
Central Plains Dairy Foundation Ft Pierre, SD | $57,844 | $0 |
Wyoming Stock Growers Endowment Trust Cheyenne, WY | $1,992,942 | $262,725 |
Black Hills Stock Show Foundation Rapid City, SD | $237,385 | $125,108 |
Cooperative Education Corporation Great Falls, MT | $10,000 | $0 |
Cassia County Fair Foundation Burley, ID | $130,192 | $552 |
Montana Farmers Union Foundation Great Falls, MT | $1,063,446 | $648,986 |
Jack & Mary Zarybnisky Foundation Inc Burley, ID | $16,277 | $0 |