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Nonprofiteer
← MONTANA FARM BUREAU FOUNDATION

Form 990 for tax year 2022

Filed by MONTANA FARM BUREAU FOUNDATION.

Totals

Total revenue
$174,613
Total expenses
$105,022
Contributions and grants received
$126,449
Grants paid
$45,750
Program service revenue
$0
Investment income
$32,604
Other revenue
$15,560
Total assets, end of year
$1,256,630
Total liabilities, end of year
$15,902
Net assets or fund balances, end of year
$1,240,728
Program services expenses (Part IX)
$88,639
Management and general expenses
$13,616
Fundraising expenses
$2,767
Program service expenses (Part III)
$88,639

Program services were 84.4% 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

    $10,700

  • 1f · All other contributions, gifts and grants

    $115,749

  • 3 · Investment income

    total $32,604 · excluded $32,604

  • 8a · Fundraising events: gross income

    $19,015

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

    $10,700

  • 8b · Fundraising events: direct expenses

    $8,230

  • 8c · Net income from fundraising events

    total $10,785 · excluded $10,785

  • 9a · Gaming: gross income

    $6,625

  • 9b · Gaming: direct expenses

    $1,850

  • 9c · Net income from gaming

    total $4,775 · excluded $4,775

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,450 · program services $28,450

  • 2 · Grants to domestic individuals

    total $17,300 · program services $17,300

  • 11a · Fees: management

    total $11,500 · program services $8,625 · management and general $1,725 · fundraising $1,150

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11f · Fees: investment management

    total $4,716 · management and general $4,716

  • 13 · Office expenses

    total $183 · management and general $183

  • 17 · Travel

    total $2,752 · management and general $2,752

  • 24a · Other expenses: PROGRAM EXPENSES

    total $34,264 · program services $34,264

  • 24b · Other expenses: DONOR SOLICITATION

    total $1,617 · fundraising $1,617

  • 24c · Other expenses: DONOR RECOGNITION

    total $1,220 · management and general $1,220

  • 24d · Other expenses: STATE REGISTRATION

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,860 · end of year $84,596

  • 4 · Accounts receivable

    beginning of year $2,636 · end of year $24,788

  • 11 · Investments: publicly traded securities

    beginning of year $900,429 · end of year $1,060,266

  • 14 · Intangible assets

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

  • 15 · Other assets

    beginning of year $49,111 · end of year $57,525

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,500 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,342 · end of year $15,902

  • 27 · Net assets without donor restrictions

    beginning of year $962,388 · end of year $1,088,718

  • 28 · Net assets with donor restrictions

    beginning of year $148,261 · end of year $152,010

Mission and programs · 2022

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- ACE SCHOLARSHIPS- ARMED TO COMMUNICATE INDUSTRY ISSUES, PARTICIPANTS WILL BE ABLE TO REPRESENT FARM BUREAU INTERESTS AND AGRICULTURE AT A LOCAL, STATE, AND NATIONAL LEVEL. ACE PARTICIPANTS RECEIVE AN IN-DEPTH APPROACH TO LEADERSHIP AND HOW TO APPLY IT. MORE THAN THAT, ACE PARTICIPANTS WILL LEARN TO IDENTIFY THE NEEDS OF THEIR OWN COMMUNITIES AND THE ROLE THEY, AND FARM BUREAU, HAVE IN SERVING THOSE NEEDS. WITHOUT A VIBRANT, HEALTHY GRASSROOTS FOUNDATION WE CANNOT PROFOUNDLY AFFECT CHANGE ON THE POLICY ISSUES IMPACTING AGRICULTURE. LEADERSHIP DEVELOPMENT- OUR FOUNDATION SUPPORTED YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT AND PROVIDED $17,300 IN SCHOLARSHIPS SO THAT MONTANA YOUTH CAN RECEIVE THE TRAINING AND EDUCATION THEY NEED AT STATE AND NATIONAL LEADERSHIP CONFERENCES.

    Expenses $67,968 · Grants $31,750

  • YOUTH EDUCATION SUPPORT- $10,000 SPENT TOWARD SUPPORT FOR AGRICULTURE FOR YOUTH TO OUR COLLEGIATE YOUNG FARMER & RANCHER CLUBS THAT FOSTER YF&R INVOLVEMENT AT THE COLLEGIATE LEVEL ACROSS FOUR DIFFERENT CAMPUSES IN MONTANA.

    Expenses $10,000 · Grants $7,000

  • MONTANA FARM BUREAU FOUNDATION PROVIDED SEVEN $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:SUCCESS STORIES: AN EVENING ABOUT FAMILY RANCH TRANSITIONS- WE AWARDED A MINI-GRANT TO HELP WITH FUNDING FOR A RANCH SUCCESSION TRAINING SEMINAR HELD IN MALTA, MT. THEY HAD OVER 60 PEOPLE IN ATTENDANCE AND BROUGHT IN FAMILIES WITH FIRST-HAND EXPERIENCE AND EXPERTS IN NAVIGATING RANCH ESTATE PLANNING. THIS IS A GREAT WAY TO HAVE AN IMPACT IN RURAL COMMUNITIES AND SERVES OUR MISSION WELL.JUNIOR AGRICULTURAL MECHANICS SHOW, MSU DEPARTMENT OF AGRICULTURAL AND TECHNOLOGY EDUCATION - OUR MINI-GRANT HELPED FUND AWARDS FOR THIS PROJECT THAT FOCUSES ON MONTANA FFA MEMBERS' EXPERTISE ON DESIGNING AND CONSTRUCTING AGRICULTURAL MECHANICS PROJECTS. MIDDLE AND HIGH SCHOOL STUDENTS ENROLLED IN AGRICULTURAL EDUCATION COURSES WORKED TO FABRICATE AGRICULTURAL MECHANICS PROJECTS. SKILLS LEARNED INCLUDE WELDING, CUTTING, AND FASTENING.

    Expenses $7,000 · Grants $7,000

  • 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 $3,671

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SCOTT KULBECK

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $142,757
    From this org
    $0
    From related orgs
    $110,658
    Other
    $32,099
    Hours/week
    5 + 40 related

  • DIANA BAILEY

    SECRETARY-TREASURER

    Total calculated
    $133,052
    From this org
    $0
    From related orgs
    $117,735
    Other
    $15,317
    Hours/week
    5 + 40 related

  • HANS MCPHERSON

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CYNDI JOHNSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • GARY HEIBERTSHAUSEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • SKY ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ED BANDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • PATTI DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRIS DESCHEEMAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • SCOTT STONER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • LEW ZIMMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DARCIA PATTEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JOHN YOUNGBERG

    FORMER EXECUTIVE VICE PRESIDENT

    Total calculated
    $158,263
    From this org
    $0
    From related orgs
    $149,975
    Other
    $8,288
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $138,052 related
    Bonus
    $0 + $8,835 related
    Other
    $0 + $3,088 related
    Deferred
    $0 + $6,903 related
    Nontaxable benefits
    $0 + $1,385 related
    Filer's total
    $0 + $158,263 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

    $8,500

    TO SUPPORT THE STATE DEGREE SESSION CONVENTION, CDE SPONSOR, LEADERSHIP WORKSHOP, SPEAKERS, AND GOLF TOURNAMENT SPONSORSHIP.

  • MONTANA 4-H FOUNDATION

    $5,500

    TO SUPPORT AND SPONSOR THE WORKING RANCH HORSE EVENT AND OTHER PROGRAMS.

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
2022
Filed
30 July 2024
IRS schema version
2022v5.0
Source object
202402199349300600

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

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