Montana State University-Northern Foundation
- Assets
- $16.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Havre, MT
- Founding
- 01/1982
- Data as of
- 06/2023
- EIN
- 81-0375335
Organization Overview
Montana State University-Northern Foundation is located in Havre, MT. The organization was established in 1982. 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, Montana State University-Northern Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana State University-Northern 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, Montana State University-Northern Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 4.9% 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
MSU NORTHERN FOUNDATION PROVIDES SUPPORT FOR MONTANA STATE UNIVERSITY NORTHERN THROUGH FUND RAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THIS ACTIVITY PROVIDES SCHOLARSHIPS FOR STUDENTS AT MSU- NORTHERN.
ATHLETICS - PROVIDES SUPPORT TO MSU-NORTHERN ATHLETIC PROGRAMS IN THE FORM OF DIRECT SUPPORT.
SPECIAL PROJECTS - PROVIDES SUPPORT FOR PROGRAMS, CAMPUS IMPROVEMENTS, FACULTY SUPPORT, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Garver Executive Di | OfficerTrustee | 40 | $97,569 |
Jim Anderson Chair | OfficerTrustee | 3 | $0 |
Shari Baltrusch Trustee | Trustee | 3 | $0 |
Adam Billmayer Trustee | Trustee | 3 | $0 |
Karla Bolken Trustee | Trustee | 3 | $0 |
Rick Brown Trustee | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
45 Architecture Architecture Services | 6/29/19 | $202,495 |
Bannack Group Fundraising Services | 6/29/19 | $100,299 |
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 | $1,721,922 |
| Noncash contributions included in lines 1a–1f | $128,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,721,922 |
| Total Program Service Revenue | $0 |
| Investment income | $1,193,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,113,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $558,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,809 |
| Compensation of current officers, directors, key employees. | $93,809 |
| Compensation to disqualified persons | $2,535 |
| Other salaries and wages | $78,561 |
| Pension plan accruals and contributions | $13,751 |
| Other employee benefits | $28,615 |
| Payroll taxes | $20,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,532 |
| Fees for services: Accounting | $16,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $60,209 |
| Information technology | $59,262 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,925 |
| 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 | $2,221 |
| Insurance | $4,962 |
| All other expenses | $0 |
| Total functional expenses | $1,679,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,183,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $450,820 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $266,318 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,763 |
| Net Land, buildings, and equipment | $1,922,954 |
| Investments—publicly traded securities | $12,539,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,186 |
| Total assets | $16,460,194 |
| Accounts payable and accrued expenses | $18,205 |
| 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 | $1,359,170 |
| Total liabilities | $1,377,375 |
| Net assets without donor restrictions | $1,123,983 |
| Net assets with donor restrictions | $13,958,836 |
| 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 | $16,460,194 |