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← MONTANA STATE UNIVERSITY INNOVATION CAMPUS

Form 990 for tax year 2023

Filed by MONTANA STATE UNIVERSITY INNOVATION CAMPUS.

Totals

Total revenue
$736,882
Total expenses
$641,304
Contributions and grants received
$317,306
Grants paid
$0
Program service revenue
$419,576
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,632,795
Total liabilities, end of year
$6,154,480
Net assets or fund balances, end of year
$13,478,315
Program services expenses (Part IX)
$610,380
Management and general expenses
$30,924
Fundraising expenses
$0
Program service expenses (Part III)
$610,380

Program services were 95.2% 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

    $317,306

  • 1g · Noncash contributions included above

    $289,900

  • 2a · Program service revenue: Rental Income

    total $419,576 · related or exempt $419,576

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,717 · program services $89,717

  • 10 · Payroll taxes

    total $5,349 · program services $5,349

  • 11b · Fees: legal

    total $720 · management and general $720

  • 11c · Fees: accounting

    total $2,888 · management and general $2,888

  • 11g · Fees: other

    total $27,000 · management and general $27,000

  • 12 · Advertising and promotion

    total $100 · program services $100

  • 13 · Office expenses

    total $316 · management and general $316

  • 16 · Occupancy

    total $50,755 · program services $50,755

  • 17 · Travel

    total $3,683 · program services $3,683

  • 20 · Interest

    total $457,180 · program services $457,180

  • 23 · Insurance

    total $1,741 · program services $1,741

  • 24a · Other expenses: Dues & Subscription

    total $1,525 · program services $1,525

  • 24b · Other expenses: Event Expense

    total $330 · program services $330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,859 · end of year $55,414

  • 3 · Pledges and grants receivable

    beginning of year $14,737,636 · end of year $15,068,663

  • 4 · Accounts receivable

    beginning of year $8,280 · end of year $27,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $361,481 · end of year $580,237

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

    $3,901,079

  • 10c · Land, buildings and equipment, net

    beginning of year $3,883,499 · end of year $3,901,079

  • 15 · Other assets

    beginning of year $909 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,167 · end of year $35,808

  • 23 · Secured mortgages and notes payable

    beginning of year $39,110 · end of year $37,034

  • 25 · Other liabilities

    beginning of year $5,569,650 · end of year $6,081,638

  • 27 · Net assets without donor restrictions

    beginning of year -$1,354,899 · end of year -$1,590,348

  • 28 · Net assets with donor restrictions

    beginning of year $14,737,636 · end of year $15,068,663

Listed in Part VII

  • Richard Harte

    Chair

    Total calculated
    $0
    Hours/week
    0.25

  • Steve Barrett

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.25

  • Robert Morrison

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Susan Carstensen

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Scott Osterman

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Brit Fontenot

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Richard Harjes

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Cory Pulfrey

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Paul Reichert

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Mary Beth Walsh

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Robert Lowry

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • David Peretto

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jeff Sipes

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Mark Sharpe

    Executive Director

    Total calculated
    $86,108
    From this org
    $0
    From related orgs
    $58,063
    Other
    $28,045
    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

No itemized grants to organizations 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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202510389349301251

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