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Nonprofiteer
← MONTANA FARM BUREAU FOUNDATION

Form 990 for tax year 2023

Filed by MONTANA FARM BUREAU FOUNDATION.

Totals

Total revenue
$251,624
Total expenses
$117,953
Contributions and grants received
$185,538
Grants paid
$37,000
Program service revenue
$0
Investment income
$49,586
Other revenue
$16,500
Total assets, end of year
$1,486,787
Total liabilities, end of year
$3,445
Net assets or fund balances, end of year
$1,483,342
Program services expenses (Part IX)
$88,784
Management and general expenses
$26,331
Fundraising expenses
$2,838
Program service expenses (Part III)
$88,784

Program services were 75.3% 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

    $11,795

  • 1f · All other contributions, gifts and grants

    $173,743

  • 3 · Investment income

    total $49,586 · excluded $49,586

  • 8a · Fundraising events: gross income

    $20,229

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

    $11,795

  • 8b · Fundraising events: direct expenses

    $6,385

  • 8c · Net income from fundraising events

    total $13,844 · excluded $13,844

  • 9a · Gaming: gross income

    $4,275

  • 9b · Gaming: direct expenses

    $1,619

  • 9c · Net income from gaming

    total $2,656 · excluded $2,656

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,500 · program services $28,500

  • 2 · Grants to domestic individuals

    total $8,500 · program services $8,500

  • 11a · Fees: management

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

  • 11c · Fees: accounting

    total $2,350 · management and general $2,350

  • 11f · Fees: investment management

    total $6,660 · management and general $6,660

  • 13 · Office expenses

    total $8,501 · management and general $8,501

  • 17 · Travel

    total $3,453 · management and general $3,453

  • 24a · Other expenses: PROGRAM EXPENSES

    total $40,534 · program services $40,534

  • 24b · Other expenses: DONOR RECOGNITION

    total $3,116 · management and general $3,116

  • 24c · Other expenses: DONOR SOLICITATION

    total $1,338 · fundraising $1,338

  • 24d · Other expenses: STATE REGISTRATION

    total $1 · management and general $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,596 · end of year $200,028

  • 4 · Accounts receivable

    beginning of year $24,788 · end of year $19,240

  • 11 · Investments: publicly traded securities

    beginning of year $1,060,266 · end of year $1,169,545

  • 14 · Intangible assets

    beginning of year $29,455 · end of year $27,254

  • 15 · Other assets

    beginning of year $57,525 · end of year $70,720

  • 17 · Accounts payable and accrued expenses

    end of year $908

  • 25 · Other liabilities

    beginning of year $15,902 · end of year $2,537

  • 27 · Net assets without donor restrictions

    beginning of year $1,088,718 · end of year $1,329,332

  • 28 · Net assets with donor restrictions

    beginning of year $152,010 · end of year $154,010

Mission and programs · 2023

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 $14,050 IN SCHOLARSHIPS SO THAT MONTANA YOUTH CAN RECEIVE THE TRAINING AND EDUCATION THEY NEED AT STATE AND NATIONAL LEADERSHIP CONFERENCES.AG ED TEACHER SCHOLARSHIP: THE MFB FOUNDATION AWARDS 3, $2,000 SCHOLARSHIPS TO AGRICULTURE EDUCATION MAJORS COMPLETING THEIR SEMESTER OF STUDENT TEACHING IN A MONTANA AGED CLASSROOMS. THIS BUILDS A CONNECTION BETWEEN OUR FOUNDATION AND AGRICULTURE EDUCATORS AS WELL AS PROVIDES MONETARY SUPPORT FOR STUDENTS TO AID IN THEIR SUCCESSFUL EDUCATION AND GRADUATION WITH AN AG ED DEGREE.

    Expenses $76,734 · Grants $31,000

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

    Expenses $1,050

  • MONTANA FARM BUREAU FOUNDATION PROVIDED SIX $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:JOLENE BROWN SEMINAR: JOLENE IS AN EXPERT ON FARM AND RANCH FAMILY SUCCESSION PLANNING AND COMMUNICATION. SWEET GRASS COUNTY FARM BUREAU HOSTED JOLENE FOR A DAYLONG SEMINAR FOR COMMUNITY MEMBERS. AN MFB FOUNDATION MINIGRANT WENT TOWARD THE FEE TO BRING THIS VALUABLE SPEAKER IN.NEW TRENDS IN AG SEMINAR: THE GLASGOW CHAMBER OF COMMERCE RECEIVED A MFB FOUNDATION MINI GRANT TO USE TOWARD A LOCAL SEMINAR THAT BROUGHT IN EXPERTS IN THE INDUSTRY TO DISCUSS CURRENT AGRICULTURE TRENDS AND ISSUES. THE MINI GRANT WENT TOWARD THE COST OF HOSTING THE EVENT.

    Expenses $6,000 · Grants $6,000

  • MONTANA FARM BUREAU FOUNDATION PROVIDED MORE THAN $5,000 WORTH OF AGRICULTURAL EDUCATION MATERIALS TO CLASSROOMS AND ORGANIZATIONS THROUGHOUT MONTANA. WE GAVE OUT HUNDREDS OF 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.

    Expenses $5,000

As filed on the 2023 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
    $145,238
    From this org
    $0
    From related orgs
    $111,282
    Other
    $33,956
    Hours/week
    5 + 40 related

  • DIANA BAILEY

    SECRETARY-TREASURER

    Total calculated
    $137,821
    From this org
    $0
    From related orgs
    $122,111
    Other
    $15,710
    Hours/week
    5 + 40 related

  • CYNDI JOHNSON

    PRESIDENT

    Total calculated
    $7,700
    From this org
    $0
    From related orgs
    $7,700
    Other
    $0
    Hours/week
    2 + 5 related

  • GARY HEIBERTSHAUSEN

    VICE PRESIDENT

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

  • HANS MCPHERSON

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SKY ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ED BANDEL

    DIRECTOR

    Total calculated
    $850
    From this org
    $0
    From related orgs
    $850
    Other
    $0
    Hours/week
    2 + 1 related

  • PATTI DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRIS DESCHEEMAKER

    DIRECTOR

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

  • SCOTT STONER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LEW ZIMMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DARCIA PATTEN

    DIRECTOR

    Total calculated
    $1,400
    From this org
    $0
    From related orgs
    $1,400
    Other
    $0
    Hours/week
    2 + 1 related

  • TIM GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN YOUNGBERG

    FORMER EXECUTIVE VP

    Total calculated
    $120,761
    From this org
    $0
    From related orgs
    $120,761
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $120,761 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $120,761 related

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

  • MONTANA FFA FOUNDATION

    $8,000

    TO SUPPORT THE STATE DEGREE SESSION CONVENTION, FUSION CAREER SUMMIT AND AG EXPO

  • BIG TIMBER FFA

    $5,500

    SPONSOR INTERNATIONAL JUDGING/TOURS

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
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202512279349300101

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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