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Nonprofiteer
← MONTANA STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by MONTANA STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$147,436,078
Total expenses
$87,469,731
Contributions and grants received
$124,843,945
Grants paid
$73,058,871
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$74,929,588
Management and general expenses
$7,481,910
Fundraising expenses
$5,058,233
Program service expenses (Part III)
$74,929,588

Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Nancy Seleski

    Chair

    Total calculated
    $0
    Hours/week
    6.5

  • Bill Sanderson

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.8

  • Mary Ann Pearce

    Former Chair (Until 11/24)

    Total calculated
    $0
    Hours/week
    1.5

  • Darryl Thompson

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Greg Collins

    Past Chair

    Total calculated
    $0
    Hours/week
    3.9

  • Ron Aasheim

    Governor

    Total calculated
    $0
    Hours/week
    2.1

  • Behrooz Abdi

    Governor

    Total calculated
    $0
    Hours/week
    1.1

  • Mark Bacigalupo

    Governor

    Total calculated
    $0
    Hours/week
    1.2

  • Frank Benevento

    Governor

    Total calculated
    $0
    Hours/week
    0.5

  • Jomarie Bliss

    Governor

    Total calculated
    $0
    Hours/week
    1.8

  • Brian Brown

    Governor (Joined 11/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Don Cape Jr

    Governor

    Total calculated
    $0
    Hours/week
    1

  • Jill Cuniff

    Governor

    Total calculated
    $0
    Hours/week
    2.7

  • Ingrid Degreef

    Governor

    Total calculated
    $0
    Hours/week
    2.3

  • Wayne Edwards

    Governor (Joined 7/24)

    Total calculated
    $0
    Hours/week
    0.7

  • Carol Ezrati

    Governor (Joined 7/24)

    Total calculated
    $0
    Hours/week
    1.5

  • Don Gimbel

    Governor

    Total calculated
    $0
    Hours/week
    0.2

  • Denise Juneau

    Governor (Until 7/24)

    Total calculated
    $0
    Hours/week
    0.1

  • Ron Lewis

    Governor

    Total calculated
    $0
    Hours/week
    0.3

  • Chris Nygren

    Governor

    Total calculated
    $0
    Hours/week
    0.8

  • Steve Rovig

    Governor (Until 7/24)

    Total calculated
    $0
    Hours/week
    0.3

  • Lynda Sedivy

    Governor

    Total calculated
    $0
    Hours/week
    0.8

  • Walter Smith

    Governor

    Total calculated
    $0
    Hours/week
    0.6

  • Kent Strazza

    Governor

    Total calculated
    $0
    Hours/week
    1

  • Steve Wheeler

    Governor

    Total calculated
    $0
    Hours/week
    0.7

  • Andrew Wilcox

    Governer

    Total calculated
    $0
    Hours/week
    0.7

  • Fran Albrecht

    President and CEO

    Total calculated
    $337,435
    From this org
    $301,975
    From related orgs
    $0
    Other
    $35,460
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $271,450
    Bonus
    $30,000
    Other
    $525
    Deferred
    $21,350
    Nontaxable benefits
    $14,894
    Filer's total
    $338,219

  • Melissa Kinnear Until 1124

    VP of Finance & Accounting

    Total calculated
    $249,153
    From this org
    $213,143
    From related orgs
    $0
    Other
    $36,010
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,868
    Bonus
    $0
    Other
    $275
    Deferred
    $15,274
    Nontaxable benefits
    $20,736
    Filer's total
    $249,153

  • Jen Nord From 0525

    VP of Finance & Accounting

    Total calculated
    $0
    Hours/week
    30

  • Shannon Schumacher

    VP of Development

    Total calculated
    $218,774
    From this org
    $188,877
    From related orgs
    $0
    Other
    $29,897
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,452
    Bonus
    $17,000
    Other
    $1,425
    Deferred
    $13,162
    Nontaxable benefits
    $17,381
    Filer's total
    $219,420

  • Kathleen Saylor

    Sr. Director of Special Projects

    Total calculated
    $194,626
    From this org
    $170,014
    From related orgs
    $0
    Other
    $24,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,689
    Bonus
    $0
    Other
    $1,325
    Deferred
    $11,808
    Nontaxable benefits
    $13,484
    Filer's total
    $195,306

  • Kerry Hanson

    VP of Engagement

    Total calculated
    $184,241
    From this org
    $158,356
    From related orgs
    $0
    Other
    $25,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,306
    Bonus
    $0
    Other
    $2,050
    Deferred
    $11,081
    Nontaxable benefits
    $15,405
    Filer's total
    $184,842

  • Kevin Brown

    Assoc. VP of Development for ETGP

    Total calculated
    $184,374
    From this org
    $150,897
    From related orgs
    $0
    Other
    $33,477
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,372
    Bonus
    $2,000
    Other
    $1,525
    Deferred
    $10,905
    Nontaxable benefits
    $23,208
    Filer's total
    $185,010

  • Therese Weller

    Sr. Managing Director of ETGP

    Total calculated
    $173,704
    From this org
    $144,775
    From related orgs
    $0
    Other
    $28,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,055
    Bonus
    $0
    Other
    $1,720
    Deferred
    $10,186
    Nontaxable benefits
    $19,317
    Filer's total
    $174,278

  • Jacqueline Sather Sr Managing

    Director of Development, OR

    Total calculated
    $161,515
    From this org
    $133,618
    From related orgs
    $0
    Other
    $27,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,843
    Bonus
    $0
    Other
    $1,775
    Deferred
    $9,376
    Nontaxable benefits
    $18,893
    Filer's total
    $161,887

  • Christopher Murray

    Former President and CEO

    Total calculated
    $169,292
    From this org
    $169,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $169,292
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $169,292

  • Mary Jane McGarity

    Former Interim President and CEO

    Total calculated
    $135,449
    From this org
    $109,702
    From related orgs
    $0
    Other
    $25,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,377
    Bonus
    $0
    Other
    $1,325
    Deferred
    $7,704
    Nontaxable benefits
    $18,486
    Filer's total
    $135,892

  • Chris Glick Until 0224

    Former VP of Development

    Total calculated
    $118,351
    From this org
    $109,177
    From related orgs
    $0
    Other
    $9,174
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $39,027
    Bonus
    $0
    Other
    $70,150
    Deferred
    $7,673
    Nontaxable benefits
    $1,566
    Filer's total
    $118,416

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4a
Chris Murray, Former President and CEO, received severance compensation as outlined in a Board approved retirement package at the time of his retirement from MSUF. Board approved severance payments for 2024 totaling $169,292 are reported in Schedule J, Part II, Column (B)(iii). Chris Glick, Former VP of Development, received severance compensation as outlined in a severance package at the time of his departure from MSUF. Board approved severance payments for 2024 totaling $70,000 are reported in Schedule J, Part II, Column (B)(iii)

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.

  • MSU Innovation Campus

    501(c)(3) · Economic Development · MT · controlled entity

    Directly controlled by MSU Foundation

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202621259349302907

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