Montana Farm Bureau Foundation
- Assets
- $1.1m
- Revenue
- $156.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 09/1998
- Data as of
- 09/2021
- EIN
- 81-0518824
Organization Overview
Montana Farm Bureau Foundation is located in Bozeman, MT. The organization was established in 1998. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, 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 Farm Bureau 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 09/2021, Montana Farm Bureau Foundation generated $156.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $82.2k during the year ending 09/2021. While expenses have increased by 2.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT - OUR FOUNDATION SUPPORTED YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT AND PROVIDED OVER $10,000 IN SCHOLARSHIPS SO THAT MONTANA YOUTH CAN RECEIVE THE TRAINING AND EDUCATION THEY NEED.
CENTENNIAL COMMUNITY INITIATIVE - AS A CELEBRATION OF SERVING AGRICULTURE AND RURAL MONTANA FOR THE PAST 100 YEARS, AND RENEWING OUR COMMITMENT TO OUR RURAL COMMUNITIES, THE MONTANA FARM BUREAU FOUNDATION ESTABLISHED THE CENTENNIAL COMMUNITY INITATIVE. THIS INITIATIVE HAS AWARDED $100,000 IN ECONOMIC GROWTH WHERE IT IS NEEDED MOST, WITHIN OUR RURAL COMMUNITIES. WE HAVE ESTIMATED THAT THE BUSINESSES CHOSEN TO RECEIVE THESE FUNDS WILL CREATE OVER 60 FULL-TIME JOBS AND RETURN AN ECONOMIC IMPACT MANY TIMES THE AMOUNT OF OUR INVESTMENT.
MONTANA FARM BUREAU FOUNDATION PROVIDED TEN $1,000 MINI GRANTS DURING OUR FISCAL YEAR. OUR MINI GRANTS SUPPORT AGRICULTURAL EDUCATION AND PROMOTION PROJECTS. HERE ARE A FEW EXAMPLES OF THE MINI GRANTS AWARDED AND PROJECTS SUPPORTED: AN AGRICULTURAL STATE OF MIND LEWISTOWN - THE PROGRAM ALLOWED STUDENTS TO EXPLORE THE MANY FACETS OF AGRICULTURE AND INCLUDED HANDS ON OPPORTUNITIES FOR 70 YOUTH TO VISIT LOCAL AGRICULTURE PRODUCERS, GROW THEIR OWN FOOD, AND LEARN FROM LOCAL EXPERTS ABOUT THE ECONOMIC, CULTURAL, AND NUTRITIONAL ASPECTS OF AGRICULTURE. AN AGRISCIENCE FAIR IN CORVALLIS - STUDENTS WORKED DURING THE SCHOOL YEAR TO CREATE AN AGRISCIENCE FAIR PROJECT THAT ADDRESSED A LOCAL ISSUE IN AGRISCIENCE.
MONTANA FARM BUREAU FOUNDATION PROVIDED MORE THAN $5,000 WORTH OF AGRICULTURAL EDUCATION MATERIALS TO CLASSROOMS AND ORGANIZATIONS THROUGHOUT MONTANA. WE GAVE OUT 5,000 PLUS FOOD AND FARM FACTS, AG MAGS AND PENCILS PRINTED WITH FARM FACTS. THESE MATERIALS PROVIDE STUDENTS WITH ACCURATE INFORMATION ABOUT HOW AGRICULTURE FEEDS THE WORLD AND CARES FOR THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyndi Johnson Vice President | OfficerTrustee | 2 | $0 |
John Youngberg Exec Vice President | OfficerTrustee | 2 | $0 |
Hans Mcpherson President | OfficerTrustee | 2 | $0 |
Diana Bailey Secretary-Treasurer Exec Secretary/cfo | OfficerTrustee | 5 | $0 |
Art Nelson - Emeritus Director | Trustee | 2 | $0 |
Sky Anderson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,010 |
| Related organizations | $0 |
| Government grants | $8,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,382 |
| Total Program Service Revenue | $0 |
| Investment income | $14,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,327 |
| Net Income from Gaming Activities | $379 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,550 |
| Grants and other assistance to domestic individuals. | $10,250 |
| 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 | $11,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,407 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,514 |
| 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 | $0 |
| Total functional expenses | $82,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,160 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,508 |
| 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 | $877,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $29,455 |
| Other assets | $57,311 |
| Total assets | $1,144,530 |
| Accounts payable and accrued expenses | $2,500 |
| 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 | $14,826 |
| Total liabilities | $17,326 |
| Net assets without donor restrictions | $980,693 |
| Net assets with donor restrictions | $146,511 |
| 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 | $1,144,530 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Farm Bureau Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Columbia Pipeline Group Charitable Foundation Houston, TX PURPOSE: MONTANA FARM BUREAU CONVENTION | $1,500 |
Endowment Analysis
| Beg. Balance | $146,261 |
| Net Contributions | $250 |
| Ending Balance | $146,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missoula Food Bank Qalicb Missoula, MT | $5,077,909 | $58,013 |
North Dakota Farmers Union Educational Foundation Jamestown, ND | $1,692,240 | $971,812 |
Montana Farm Bureau Foundation Bozeman, MT | $1,144,530 | $156,083 |
Central States Fair Foundation Rapid City, SD | $402,380 | $0 |
Nile Foundation Billings, MT | $72,631 | $0 |
Issaquah Turkey Trot Meridan, ID | $3,366 | $0 |
Madison County Fairgrounds Improvement Foundation Inc Twin Bridges, MT | $155,153 | $151,243 |