Nonprofit · EIN 56-2333733
MADISON RIVER FOUNDATION INC
Tax-exempt · ENNIS, MT 59729
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $696,169 | $486,450 | $209,719 | $567,109 | $10,540 | $556,569 |
| December 31, 2024 | 990 | $319,381 | $266,519 | $52,862 | $359,479 | $12,629 | $346,850 |
| December 31, 2023 | 990 | $240,092 | $293,062 | -$52,970 | $293,620 | $3,875 | $289,745 |
| December 31, 2021 | 990 | $282,631 | $195,318 | $87,313 | $204,873 | $8,941 | $195,932 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $822,095
- Membership dues
- $10,440
- Program service revenue
- $0
- Investment income
- $12,660
- Net income from fundraising events
- -$140,006
- Net income from sales of inventory
- $1,420
- Other revenue
- -$138,586
Expenses
- Grants and similar amounts paid
- $7,700
- Compensation of officers, directors and key employees
- $96,000
- Other salaries and wages
- $68,361
- Salaries, compensation and benefits (total)
- $184,992
- Professional fundraising fees
- $0
- Legal fees
- $1,640
- Accounting fees
- $11,619
- Occupancy
- $10,792
- Travel
- $7,257
- Depreciation
- $1,719
- Program services (functional)
- $369,466
- Management and general (functional)
- $64,377
- Fundraising (functional)
- $52,607
Balance sheet and other
- Total assets, start of year
- $359,479
- Total assets, end of year
- $567,109
- Total liabilities, end of year
- $10,540
- Net assets, end of year
- $556,569
- Land, buildings and equipment
- $18,393
- Net assets without donor restrictions
- $411,724
- Net assets with donor restrictions
- $144,845
- Gross receipts
- $850,225
- Employees
- 3
- Volunteers
- 48
- Year formed
- 2002
- State of legal domicile
- MT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH BRAUNEIS | Executive Dir. Trustee or director, Officer | 40 | $96,000 |
| KEVIN KRAMER | Secretary Trustee or director, Officer | 20 | $0 |
| NEAL INGRAM | Vice President Trustee or director, Officer | 20 | $0 |
| BEN DAVIS | Director Trustee or director | 5 | $0 |
| WILL MORGAN | Director Trustee or director | 5 | $0 |
| MOLLY CASHION | Director Trustee or director | 5 | $0 |
| ANNE MORGAN | President Trustee or director, Officer | 20 | $0 |
| ROY WASHBURN | Director Trustee or director | 5 | $0 |
| TED KRUZAN | Treasurer Trustee or director, Officer | 20 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH BRAUNEIS | Executive Dir. Trustee or director, Officer | 40 | $52,000 |
| KEVIN KRAMER | Secretary Trustee or director, Officer | 20 | $0 |
| NEAL INGRAM | Director Trustee or director | 5 | $0 |
| WILL MORGAN | Director Trustee or director | 5 | $0 |
| SETH JUDD | Director Trustee or director | 5 | $0 |
| ANNE MORGAN | President Trustee or director, Officer | 20 | $0 |
| ROY WASHBURN | Director Trustee or director | 5 | $0 |
| TED KRUZAN | Treasurer Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN MALOVICH | FORMER EXECUTIVE DIRECTOR | 40 | $105,125 | $4,000 |
| JAMES SLATTERY | Vice President Trustee or director, Officer | 20 | $0 | $0 |
| MIKE GENTRY | Treasurer Trustee or director, Officer | 20 | $0 | $0 |
| BRYCE DORST | Director Trustee or director | 5 | $0 | $0 |
| RICH GOCKEL | Director Trustee or director | 5 | $0 | $0 |
| SETH JUDD | Director Trustee or director | 5 | $0 | $0 |
| ANNE MORGAN | President Trustee or director, Officer | 20 | $0 | $0 |
| ROY WASHBURN | Director Trustee or director | 5 | $0 | $0 |
| TED KRUZAN | Director Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2021: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN MALOVICH | EXECUTIVE DIRECTOR | 40 | $75,000 | $12,000 |
| JAMES SLATTERY | CHAIR Trustee or director, Officer | 20 | $0 | $0 |
| MIKE GENTRY | Treasurer Trustee or director, Officer | 20 | $0 | $0 |
| JAMES KRAMER | Secretary Trustee or director, Officer | 20 | $0 | $0 |
| STEVEN P URRY | Vice Chair Trustee or director, Officer | 20 | $0 | $0 |
| KEITH BRAUNEIS | Director Trustee or director | 5 | $0 | $0 |
| RICH GOCKEL | Director Trustee or director | 5 | $0 | $0 |
| PAT TOALSON | Director Trustee or director | 5 | $0 | $0 |
| MIKE RECK | Director Trustee or director | 5 | $0 | $0 |
| RICK JOHNSON | Director Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1527, ENNIS, MT 59729-1527
- Principal officer (990 for 2025)
- TED KRUZAN, PO BOX 1527, ENNIS, MT 59729
- Signed the 990
- TED KRUZAN, Treasurer
- Phone
- (406) 682-3148
- Return prepared by
- Rudd & Company PLLC
Mission
TO PRESERVE, PROTECT, AND ENHANCE THE MADISON RIVER ECOSYSTEM.
Program accomplishments
- Fish saving rescue and stream restructuring and restoration projects.Expenses $361,766
- Awards and scholarships to studentsExpenses $7,700 · grants $7,700
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2333733
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C32)
- Assets (IRS master file)
- $567,109
- Income (IRS master file)
- $850,225
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $696,169 | $486,450 | $567,109 | XML |
| 990 | December 2024 | $319,381 | $266,519 | $359,479 | IRS |
| 990 | December 2023 | $240,092 | $293,062 | $293,620 | XML |
| 990 | December 2022 | $427,227 | $280,444 | $347,812 | IRS |
| 990 | December 2021 | $282,631 | $195,318 | $204,873 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2333733).
Questions about MADISON RIVER FOUNDATION INC
- What is the EIN of MADISON RIVER FOUNDATION INC?
- The employer identification number (EIN) of MADISON RIVER FOUNDATION INC is 56-2333733.
- Is MADISON RIVER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MADISON RIVER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON RIVER FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MADISON RIVER FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADISON RIVER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MADISON RIVER FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names TED KRUZAN.
- Who are the officers and directors of MADISON RIVER FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $96,000 (KEITH BRAUNEIS, Executive Dir.).
- How much revenue does MADISON RIVER FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $696,169, expenses of $486,450 and total assets of $567,109 at year end.
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