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Nonprofiteer
← MONTANA FARM BUREAU FOUNDATION

Form 990 for tax year 2024

Filed by MONTANA FARM BUREAU FOUNDATION.

Totals

Total revenue
$237,607
Total expenses
$141,450
Contributions and grants received
$155,240
Grants paid
$42,675
Program service revenue
$0
Investment income
$71,048
Other revenue
$11,319
Total assets, end of year
$1,615,028
Total liabilities, end of year
$6,887
Net assets or fund balances, end of year
$1,608,141
Program services expenses (Part IX)
$119,570
Management and general expenses
$19,711
Fundraising expenses
$2,169
Program service expenses (Part III)
$119,570

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $7,450

  • 1f · All other contributions, gifts and grants

    $147,790

  • 3 · Investment income

    total $71,048 · excluded $71,048

  • 8a · Fundraising events: gross income

    $17,833

  • 8a · Fundraising events: contributions included on line 1c

    $7,450

  • 8b · Fundraising events: direct expenses

    $6,922

  • 8c · Net income from fundraising events

    total $10,911 · excluded $10,911

  • 11a · Other revenue: OTHER INCOME

    total $408 · related or exempt $408

  • 11e · Other revenue, total

    $408

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,675 · program services $33,675

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

  • 11a · Fees: management

    total $15,000 · program services $11,250 · management and general $2,250 · fundraising $1,500

  • 11c · Fees: accounting

    total $2,470 · management and general $2,470

  • 11f · Fees: investment management

    total $5,835 · management and general $5,835

  • 13 · Office expenses

    total $3,868 · management and general $3,868

  • 16 · Occupancy

    total $32,100 · program services $32,100

  • 17 · Travel

    total $4,977 · management and general $4,977

  • 24a · Other expenses: PROGRAM EXPENSES

    total $33,545 · program services $33,545

  • 24b · Other expenses: DONOR SOLICITATION

    total $669 · fundraising $669

  • 24c · Other expenses: DONOR RECOGNITION

    total $311 · management and general $311

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200,028 · end of year $187,854

  • 4 · Accounts receivable

    beginning of year $19,240 · end of year $12,885

  • 11 · Investments: publicly traded securities

    beginning of year $1,169,545 · end of year $1,310,077

  • 14 · Intangible assets

    beginning of year $27,254 · end of year $27,254

  • 15 · Other assets

    beginning of year $70,720 · end of year $76,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $908 · end of year $4,350

  • 25 · Other liabilities

    beginning of year $2,537 · end of year $2,537

  • 27 · Net assets without donor restrictions

    beginning of year $1,329,332 · end of year $1,452,631

  • 28 · Net assets with donor restrictions

    beginning of year $154,010 · end of year $155,510

Mission and programs · 2024

Mission

THE MISSION OF THE MONTANA FARM BUREAU FOUNDATION (MFBFO) IS TO SUPPORT MONTANA AGRICULTURE THROUGH EDUCATION, RESEARCH, AND COMMUNITY SUPPORT, WITH A SPECIAL EMPHASIS FOR THE DEVELOPMENT OF OUR YOUTH.

Activities or mission (Part I)

TO SUPPORT MONTANA AGRICULTURE THROUGH EDUCATION, RESEARCH, AND COMMUNITY SUPPORT, WITH A SPECIAL EMPHASIS FOR THE DEVELOPMENT OF OUR YOUTH.

  • LEADERSHIP DEVELOPMENT- OUR FOUNDATION SUPPORTED YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT AND PROVIDED $40,000 IN SCHOLARSHIPS FOR MFBF COLLEGIATE AND VOTING MEMBERS CAN ATTEND STATE AND NATIONAL LEADERSHIP CONFERENCES AND PROGRAMS, AS WELL AS FUNDING FOR CONTINUING EDUCATION.YOUTH LEADERSHIP PROGRAMS - MFB FOUNDATION IS A STRONG SUPPORTER OF YOUTH AGRICULTURE LEADERSHIP PROGRAMS AND DONATED OVER $15,000 IN PROGRAM SUPPORT TO MONTANA 4-H AND MONTANA FFA. OUR BOARD MEMBERS ARE ACTIVE IN LOCAL AND STATE PROGRAMS AS JUDGES AND VOLUNTEERS FOR THOSE PROGRAMS AS PART OF OUR SUPPORT AND TO CONNECT MFB FOUNDATION TO THE MEMBERS OF THESE ORGANIZATIONS.THE FOUNDATION PROVIDED MORE THAN $5,000 WORTH OF AGRICULTURAL EDUCATION MATERIALS TO CLASSROOMS AND ORGANIZATIONS THROUGHOUT MONTANA. THIS INCLUDES EDUCATOR APPROVED FOOD AND FARM FACTS PAMPHLETS, AG MAGAZINES FOR KIDS ON ALL TOPICS RELATED TO AGRICULTURE AND FOOD, AND HUNDREDS OF AWARD WINNING BOOKS AND TEACHER FUIDES FOR CLASSROOMS AND COMMUNITIES. THESE MATERIALS PROVIDE STUDENTS WITH ACCURATE INFORMATION ABOUT HOW AGRICULTURE FEEDS THE WORLD AND CARES FOR THE ENVIRONMENT.

    Expenses $109,077 · Grants $33,500

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,318

  • 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:CLASSROOM GARDEN: A RURAL FIRST GRADE CLASSROOM WAS AWARDED A $1,000 GRANT TO PURCHASE A HYDROPONIC AND LIGHT GROWING SYSTEM FOR THEIR CLASSROOM. THEY WERE ABLE TO SHOWCASE TO THE SCHOOL HOW THEY PLANTED VEGETABLE AND HERB SEEDS AND EVEN HARVESTED SOME FOR THEIR HOMES. THE EQUIPMENT WILL CONTINUE TO BE USED FOR FUTURE CLASSES.AG MECHANICS CLASS TOOLKITS: A MONTANA SCHOOL WAS AWARDED A $1,000 MINI GRANT TO PURCHASE 30 SMALL ENGINE TOOLKITS FOR THE AGRICULTURE MECHANICS CLASSROOM. THESE KITS ENABLE THE TEACHER TO EXPAND THEIR LESSONS ON SMALL ENGINES AND ENSURE THAT EVERY PARTICIPANT HAD A HANDS-ON EDUCATION IN A CRITICAL STEM AREA.

    Expenses $9,175 · Grants $9,175

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • SCOTT KULBECK

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $158,523
    From this org
    $0
    From related orgs
    $124,231
    Other
    $34,292
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,474 related
    Bonus
    $0
    Other
    $0 + $757 related
    Deferred
    $0 + $6,125 related
    Nontaxable benefits
    $0 + $28,167 related
    Filer's total
    $0 + $158,523 related

  • DIANA BAILEY

    SECRETARY-TREASURER

    Total calculated
    $146,074
    From this org
    $0
    From related orgs
    $129,909
    Other
    $16,165
    Hours/week
    5 + 40 related

  • HANS MCPHERSON

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CYNDI JOHNSON

    PRESIDENT

    Total calculated
    $7,800
    From this org
    $0
    From related orgs
    $7,800
    Other
    $0
    Hours/week
    2 + 5 related

  • CASEY MOTT

    VICE PRESIDENT

    Total calculated
    $1,500
    From this org
    $0
    From related orgs
    $1,500
    Other
    $0
    Hours/week
    2 + 1 related

  • SKY ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ED BANDEL

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $0
    From related orgs
    $1,600
    Other
    $0
    Hours/week
    2 + 1 related

  • BETH BLEVINS

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    2

  • PATTI DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRIS DESCHEEMAKER

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    2 + 1 related

  • SCOTT STONER

    DIRECTOR

    Total calculated
    $6,250
    From this org
    $0
    From related orgs
    $6,250
    Other
    $0
    Hours/week
    2

  • LEW ZIMMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DARCIA PATTEN

    DIRECTOR

    Total calculated
    $1,900
    From this org
    $0
    From related orgs
    $1,900
    Other
    $0
    Hours/week
    2 + 1 related

  • TIM GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE VICE PRESIDENT IS NOT COMPENSATED BY THE ORGANIZATION. THE RELATED ORGANIZATION, THE MONTANA FARM BUREAU FEDERATION, USES THE METHOD FOR DETERMINING COMPENSATION AS FOLLOWS: THE BOARD, THROUGH AN EXECUTIVE SESSION, REVIEWS THE BUDGET WHICH CONTAINS THE WAGE FOR THE EXECUTIVE VICE PRESIDENT. THIS WAGE IS PROPOSED BY THE STAFF AS PART OF THE BUDGETING PROCESS. THE BOARD, WHO IS AWARE OF COMPARABLE WAGES WITHIN THE STATE, THEN ADJUSTS AND APPROVES THE WAGE WITH THE BUDGET AS THEY DETERMINE IS REASONABLE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202612239349302316

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