Foundation Of Montana State University-Billings

Organization Overview

Foundation Of Montana State University-Billings is located in Billings, MT. The organization was established in 1968. 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, Foundation Of Montana State University-Billings employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Montana State University-Billings 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 06/2021, Foundation Of Montana State University-Billings generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $7.8m during the year ending 06/2021. While expenses have increased by 15.1% per year over the past 6 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.

Since 2015, Foundation Of Montana State University-Billings has awarded 12 individual grants totaling $2,012,388. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MSU BILLINGS FOUNDATION IS A PHILANTHROPIC ORGANIZATION FOUNDED IN 1968 TO ADVANCE THE GOALS OF MSU BILLINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAMPUS PROJECTS - ACTIVITIES RELATED TO CAPITAL EXPENDITURES FOR MSU BILLINGS AND EXPENDITURES FOR INTERCOLLEGIATE ATHLETIC PROGRAMS AND THE MSU BILLINGS LIBRARY.


STUDENT SCHOLARSHIPS - ACTIVITIES THAT PROVIDE DIRECT FINANCIAL SUPPORT FOR MSU BILLINGS STUDENTS. THE FOUNDATION PROVIDED 1,190 SCHOLARSHIPS TO MONTANA STATE UNIVERSITY BILLINGS STUDENTS RANGING IN VALUE FROM $200 TO $7,500.


CAMPUS AND COMMUNITY OUTREACH - ACTIVITIES RELATED TO THE FOUNDATION'S PUBLIC RELATION EFFORTS TO PROMOTE MSU BILLINGS THROUGHOUT THE GREATER COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Kennedy
Trustee
$127,985
Jon Egeland
Vice President Of Finance
$76,564
Carter Mollgaard
Chair
$0
Donald Roberts
Vice Chair
$0
Darwin George
Secretary
$0
Tom Potter
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $349,298
All other contributions, gifts, grants, and similar amounts not included above$2,672,247
Noncash contributions included in lines 1a–1f $133,585
Total Revenue from Contributions, Gifts, Grants & Similar$3,021,545
Total Program Service Revenue$0
Investment income $493,071
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $484,255
Net Gain/Loss on Asset Sales $9,716,482
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,750,019

Grants Awarded

Over the last fiscal year, Foundation Of Montana State University-Billings has awarded $0 in support to 3 organizations.

Grant RecipientAmount
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation Of Montana State University-Billings has recieved totaling $6,600.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$6,600
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$27,055,408
Earnings$7,537,343
Net Contributions$497,591
Grants$1,104,843
Ending Balance$33,985,499

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