Form 990 for tax year 2024
Filed by MONTANA STATE UNIVERSITY-NORTHERN FOUNDATION.
Totals
- Total revenue
- $5,504,147
- Total expenses
- $1,702,069
- Contributions and grants received
- $3,486,997
- Grants paid
- $684,474
- Program service revenue
- $0
- Investment income
- $1,920,702
- Other revenue
- $96,448
- Total assets, end of year
- $23,381,837
- Total liabilities, end of year
- $746,782
- Net assets or fund balances, end of year
- $22,635,055
- Program services expenses (Part IX)
- $1,281,824
- Management and general expenses
- $378,460
- Fundraising expenses
- $41,785
- Program service expenses (Part III)
- $1,281,824
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.
-
1f · All other contributions, gifts and grants
$3,486,997
-
3 · Investment income
total $1,920,702 · excluded $1,920,702
-
11a · Other revenue: ADMINISTRATIVE SERVICE
total $182,204 · excluded $182,204
-
11b · Other revenue: CHANGE IN ANNUITY VALUE
total -$85,756 · excluded -$85,756
-
11e · Other revenue, total
$96,448
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $684,474 · program services $684,474
-
5 · Compensation of officers, directors and key employees
total $113,333 · management and general $83,239 · fundraising $30,094
-
7 · Other salaries and wages
total $87,861 · management and general $87,861
-
8 · Pension plan contributions
total $11,461 · management and general $11,461
-
9 · Other employee benefits
total $33,655 · management and general $33,655
-
10 · Payroll taxes
total $15,439 · management and general $15,439
-
11b · Fees: legal
total $342 · management and general $342
-
11c · Fees: accounting
total $21,800 · management and general $21,800
-
11g · Fees: other
total $7,275 · management and general $7,275
-
13 · Office expenses
total $53,047 · management and general $42,438 · fundraising $10,609
-
14 · Information technology
total $40,937 · management and general $40,937
-
17 · Travel
total $2,164 · management and general $1,082 · fundraising $1,082
-
22 · Depreciation, depletion and amortization
total $1,827 · management and general $1,827
-
23 · Insurance
total $5,208 · management and general $5,208
-
24a · Other expenses: DEPARTMENT PROGRAM IMPROV
total $446,435 · program services $446,435
-
24b · Other expenses: BUILDING IMPROVEMENTS
total $150,915 · program services $150,915
-
24c · Other expenses: OTHER
total $25,896 · management and general $25,896
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $737,081 · end of year $863,661
-
3 · Pledges and grants receivable
beginning of year $1,605,995 · end of year $1,000,765
-
7 · Other notes and loans receivable
beginning of year $241,437 · end of year $215,368
-
9 · Prepaid expenses and deferred charges
beginning of year $28,273 · end of year $30,486
-
10a · Land, buildings and equipment: cost or other basis
$1,945,031
-
10b · Land, buildings and equipment: accumulated depreciation
$24,681
-
10c · Land, buildings and equipment, net
beginning of year $1,922,177 · end of year $1,920,350
-
11 · Investments: publicly traded securities
beginning of year $15,214,327 · end of year $19,278,242
-
15 · Other assets
beginning of year $73,633 · end of year $72,965
-
17 · Accounts payable and accrued expenses
beginning of year $15,773 · end of year $22,504
-
25 · Other liabilities
beginning of year $974,173 · end of year $724,278
-
27 · Net assets without donor restrictions
beginning of year $2,708,991 · end of year $3,493,239
-
28 · Net assets with donor restrictions
beginning of year $16,123,986 · end of year $19,141,816
Mission and programs · 2024
Mission
MSU NORTHERN FOUNDATION PROVIDES SUPPORT FOR MONTANA STATE UNIVERSITY NORTHERN THROUGH FUND RAISING.
-
SCHOLARSHIPS - THIS ACTIVITY PROVIDES SCHOLARSHIPS FOR STUDENTS AT MSU- NORTHERN.
Expenses $684,474 · Grants $684,474 · Revenue $1,789,265
-
ATHLETICS - PROVIDES SUPPORT TO MSU-NORTHERN ATHLETIC PROGRAMS IN THE FORM OF DIRECT SUPPORT.
Expenses $369,189 · Revenue $431,531
-
SPECIAL PROJECTS - PROVIDES SUPPORT FOR PROGRAMS, CAMPUS IMPROVEMENTS, FACULTY SUPPORT, ETC.
Expenses $228,161 · Revenue $398,404
As filed on the 2024 return.
Listed in Part VII
-
MELANIE SKOYEN
MANAGING DIR
- Total calculated
- $56,381
- From this org
- $46,630
- From related orgs
- $0
- Other
- $9,751
- Hours/week
- 40
-
JIM ANDERSON
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
SHARI BALTRUSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
ADAM BILLMAYER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
RICK BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
MICHELLE BURCHARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
LACI KELLER CHRISTENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
KAARE ENGEBRETSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
CALVIN JILOT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
JODI KORB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
DENISE LADENBURG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
MARILYN MCLAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
ARLEEN RICE
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
RICHARD SNELLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
PETE STIFFARM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
MATT WERTHEIMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
PAM WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
TIM WYNNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 January 2026
- IRS schema version
- 2024v5.0
- Source object
- 202640409349300719
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