Skip to content
Nonprofiteer
← FARMERS EDUCATIONAL & COOPERATIVE UNION OF AMERICA MONTANA DIVISION

Form 990 for tax year 2023

Filed by FARMERS EDUCATIONAL & COOPERATIVE UNION OF AMERICA MONTANA DIVISION.

Totals

Total revenue
$2,974,369
Total expenses
$2,546,282
Contributions and grants received
$393,265
Grants paid
$15,000
Program service revenue
$107,092
Investment income
$2,267,120
Other revenue
$206,892
Total assets, end of year
$7,824,364
Total liabilities, end of year
$189,944
Net assets or fund balances, end of year
$7,634,420
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$2,546,282

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.

  • 1b · Membership dues

    $82,347

  • 1f · All other contributions, gifts and grants

    $310,918

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $107,092 · related or exempt $107,092

  • 3 · Investment income

    total $2,279,780 · excluded $2,279,780

  • 7a · Gross sales of assets other than inventory

    securities $422,949

  • 7b · Less cost or other basis and sales expenses

    securities $435,609

  • 7c · Gain or loss

    securities -$12,660

  • 7d · Net gain or loss

    total -$12,660 · related or exempt -$12,660

  • 11a · Other revenue: INSURANCE FEES

    total $123,435 · unrelated business $123,435

  • 11b · Other revenue: MIDWEST AGENCY LLC INCOME

    total $83,457 · unrelated business $83,457

  • 11e · Other revenue, total

    $206,892

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000

  • 5 · Compensation of officers, directors and key employees

    total $74,036

  • 7 · Other salaries and wages

    total $953,371

  • 9 · Other employee benefits

    total $38,181

  • 10 · Payroll taxes

    total $85,810

  • 11b · Fees: legal

    total $541

  • 11c · Fees: accounting

    total $10,394

  • 11d · Fees: lobbying

    total $32,990

  • 11f · Fees: investment management

    total $25,440

  • 11g · Fees: other

    total $19,879

  • 12 · Advertising and promotion

    total $250,229

  • 14 · Information technology

    total $49,645

  • 16 · Occupancy

    total $103,058

  • 17 · Travel

    total $58,301

  • 19 · Conferences, conventions and meetings

    total $73,874

  • 22 · Depreciation, depletion and amortization

    total $85,566

  • 23 · Insurance

    total $32,237

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $14,691

  • 24b · Other expenses: SPECIAL PROJECTS

    total $209,955

  • 24c · Other expenses: EDUCATION

    total $121,346

  • 24d · Other expenses: MAILING AND NEWS

    total $75,121

  • 24e · All other expenses

    total $216,617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,079,363 · end of year $858,256

  • 2 · Savings and temporary cash investments

    beginning of year $14,244 · end of year $14,301

  • 4 · Accounts receivable

    beginning of year $480,941 · end of year $174,331

  • 7 · Other notes and loans receivable

    end of year $214,540

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,484 · end of year $33,877

  • 10a · Land, buildings and equipment: cost or other basis

    $1,832,102

  • 10b · Land, buildings and equipment: accumulated depreciation

    $918,711

  • 10c · Land, buildings and equipment, net

    beginning of year $621,341 · end of year $913,391

  • 11 · Investments: publicly traded securities

    beginning of year $3,486,259 · end of year $3,819,358

  • 12 · Investments: other securities

    beginning of year $1,607,082 · end of year $1,795,560

  • 15 · Other assets

    beginning of year $750 · end of year $750

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,342 · end of year $189,944

  • 27 · Net assets without donor restrictions

    beginning of year $7,194,458 · end of year $7,617,266

  • 28 · Net assets with donor restrictions

    beginning of year $15,664 · end of year $17,154

Mission and programs · 2023

Mission

INFORM, EDUCATE & REPRESENT MEMBER INTERESTS

  • THE MISSION OF FAMERS EDUCATIONAL & COOPERATIVE UNION OF AMERICA, MONTANA, IS TO PROMOTE AND PROTECT THE INTERESTS OF FARMERS IN RURAL COMMUNITIES.

    Expenses $2,546,282

As filed on the 2023 return.

Listed in Part VII

  • Brett Dailey

    DIRECTOR

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sigurd Rudie

    DIRECTOR

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

  • Jan Tusick

    SECRETARY/TREASURER

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Erik Somerfeld

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Bangs

    DIRECTOR

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rollie Schlepp

    VICE-PRESIDENT

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ben Peterson

    DIRECTOR

    Total calculated
    $2,200
    From this org
    $2,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Downs Ended October 2023

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sarah Degn

    DIRECTOR

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

  • Tom Clark

    DIRECTOR

    Total calculated
    $2,300
    From this org
    $2,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Trent Stoltz Started October 2023

    DIRECTOR

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

  • Walter Schweitzer

    PRESIDENT

    Total calculated
    $51,236
    From this org
    $51,236
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

  • BASS CLEF SCHOOL OF MUSIC LLC

    $15,000

    ANNUAL SPONSORSHIP

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MT TIMES SQUARE LLC

    RENTAL · MT

    Directly controlled by MONTANA FARMERS UNION

  • MONTANA FARMERS UNION BUSINESS LLC

    INVESTMENT · MT

    Directly controlled by MONTANA FARMERS UNION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTANA FARMERS UNION SERVICE CORPORATION

    INACTIVE · MT

    Directly controlled by MONTANA FARMERS UNION

  • FARMERS UNION PROCESSING LLC

    INVESTMENT · MT

    Directly controlled by MONTANA FARMERS UNION AND FUE

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423109349302712

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

The source document this was parsed from is served over the API, which is where bulk and document access live.