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Nonprofiteer
← MONTANA STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by MONTANA STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$101,083,515
Total expenses
$41,668,972
Contributions and grants received
$80,732,127
Grants paid
$28,175,938
Program services expenses (Part IX)
$29,990,970
Management and general expenses
$6,686,526
Fundraising expenses
$4,991,476
Program service expenses (Part III)
$29,990,970

Program services were 72.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Greg Collins

    Chair

    Total calculated
    $0
    Hours/week
    5.76

  • Mary Ann Pearce

    Vice Chair

    Total calculated
    $0
    Hours/week
    8.88

  • Bill Sanderson

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    3.17

  • Steve Rovig

    Past Chair

    Total calculated
    $0
    Hours/week
    1.31

  • Ron Aasheim

    Governor

    Total calculated
    $0
    Hours/week
    0.79

  • Behrooz Abdi

    Governor

    Total calculated
    $0
    Hours/week
    0.65

  • Norman Asbjornson

    Governor (Thru 09/23)

    Total calculated
    $0
    Hours/week
    0

  • Mark Bacigalupo

    Governor

    Total calculated
    $0
    Hours/week
    0.7

  • Frank Benevento

    Governor

    Total calculated
    $0
    Hours/week
    0.6

  • Don Cape Jr

    Governor

    Total calculated
    $0
    Hours/week
    0.42

  • Jill Cuniff

    Governor

    Total calculated
    $0
    Hours/week
    1.28

  • Ingrid Degreef

    Governor

    Total calculated
    $0
    Hours/week
    0.79

  • Don Gimbel

    Governor

    Total calculated
    $0
    Hours/week
    0.41

  • Jomarie Phelan Honcoop

    Governor

    Total calculated
    $0
    Hours/week
    0.46

  • Denise Juneau

    Governor

    Total calculated
    $0
    Hours/week
    0.79

  • Wes Kremer

    Governor (Thru 05/24)

    Total calculated
    $0
    Hours/week
    0.33

  • Ron Lewis

    Governor

    Total calculated
    $0
    Hours/week
    0.26

  • Chris Lofgren

    Governor (Thru 09/23)

    Total calculated
    $0
    Hours/week
    0

  • Chris Nygren

    Governor (Joined 09/23)

    Total calculated
    $0
    Hours/week
    0.63

  • Risa Scott

    Governor (Thru 09/23)

    Total calculated
    $0
    Hours/week
    0

  • Nancy Seleski

    Governor

    Total calculated
    $0
    Hours/week
    2.65

  • Walter Smith

    Governor

    Total calculated
    $0
    Hours/week
    0.7 + 0.17 related

  • Kent Strazza

    Governor (Joined 05/24)

    Total calculated
    $0
    Hours/week
    0

  • Ginny Sullivan

    Governor (Thru 09/23)

    Total calculated
    $0
    Hours/week
    0

  • Darryl Thompson

    Governor

    Total calculated
    $0
    Hours/week
    1.09

  • Steve Wheeler

    Governor

    Total calculated
    $0
    Hours/week
    0.63

  • Andrew Wilcox

    Governor

    Total calculated
    $0
    Hours/week
    0.79

  • Fran Albrecht From 1123

    President and CEO

    Total calculated
    $89,174
    From this org
    $72,992
    From related orgs
    $0
    Other
    $16,182
    Hours/week
    40

  • Mary Jane McGarity Until 1023

    VP of Development/Interim CEO

    Total calculated
    $256,835
    From this org
    $224,609
    From related orgs
    $0
    Other
    $32,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,159
    Bonus
    $2,500
    Other
    $950
    Deferred
    $15,732
    Nontaxable benefits
    $16,494
    Filer's total
    $256,835

  • Melissa Kinnear

    VP of Finance & Accounting

    Total calculated
    $221,753
    From this org
    $191,635
    From related orgs
    $0
    Other
    $30,118
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,185
    Bonus
    $7,500
    Other
    $950
    Deferred
    $13,388
    Nontaxable benefits
    $16,730
    Filer's total
    $221,753

  • Chris Glick

    VP of Development

    Total calculated
    $230,179
    From this org
    $201,567
    From related orgs
    $0
    Other
    $28,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,667
    Bonus
    $0
    Other
    $900
    Deferred
    $14,295
    Nontaxable benefits
    $14,317
    Filer's total
    $230,179

  • Neal Zandonella

    VP of Information Tech.

    Total calculated
    $180,621
    From this org
    $143,182
    From related orgs
    $0
    Other
    $37,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,282
    Bonus
    $0
    Other
    $900
    Deferred
    $10,361
    Nontaxable benefits
    $27,078
    Filer's total
    $180,621

  • Kathleen Saylor

    VP of Operations

    Total calculated
    $171,315
    From this org
    $148,971
    From related orgs
    $0
    Other
    $22,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,021
    Bonus
    $0
    Other
    $950
    Deferred
    $10,361
    Nontaxable benefits
    $11,983
    Filer's total
    $171,315

  • Shannon Schumacher

    Assoc. VP of Development

    Total calculated
    $168,946
    From this org
    $142,148
    From related orgs
    $0
    Other
    $26,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,724
    Bonus
    $3,000
    Other
    $1,424
    Deferred
    $9,896
    Nontaxable benefits
    $16,902
    Filer's total
    $168,946

  • Kevin Brown

    Assoc. VP of Planned Giving

    Total calculated
    $168,400
    From this org
    $132,344
    From related orgs
    $0
    Other
    $36,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,894
    Bonus
    $2,500
    Other
    $950
    Deferred
    $9,578
    Nontaxable benefits
    $26,478
    Filer's total
    $168,400

  • Christopher Murray Until 223

    Former President and CEO

    Total calculated
    $386,930
    From this org
    $351,678
    From related orgs
    $0
    Other
    $35,252
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $68,677
    Bonus
    $40,000
    Other
    $243,001
    Deferred
    $9,637
    Nontaxable benefits
    $25,616
    Filer's total
    $386,931

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 — 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 through the end of the fiscal year as outlined in a Board approved retirement package at the time of his retirement from MSUF. Board approved severance payments for 2023 totaling $217,661 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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202511219349302201

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

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