Nonprofit · EIN 81-0301477
MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI
Tax-exempt · BILLINGS, MT 59101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,453,219 | $4,397,143 | $56,076 | $54,369,234 | $4,043,258 | $50,325,976 |
| June 30, 2024 | 990 | $7,916,912 | $4,128,439 | $3,788,473 | $47,725,720 | $3,814,175 | $43,911,545 |
| June 30, 2023 | 990 | $3,098,473 | $3,361,935 | -$263,462 | $40,792,683 | $3,252,343 | $37,540,340 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,606,376
- Program service revenue
- $155,145
- Investment income
- $296,250
- Net rental income
- $484,674
- Net gain from sales of assets
- $68,205
- Net income from fundraising events
- -$101,577
- Net income from gaming
- $12,351
- Other revenue
- $395,448
Expenses
- Grants and similar amounts paid
- $2,739,809
- Compensation of officers, directors and key employees
- $268,536
- Other salaries and wages
- $465,508
- Salaries, compensation and benefits (total)
- $868,892
- Professional fundraising fees
- $0
- Legal fees
- $2,008
- Accounting fees
- $32,155
- Occupancy
- $40,000
- Depreciation
- $20,335
- Program services (functional)
- $3,256,475
- Management and general (functional)
- $648,655
- Fundraising (functional)
- $492,013
Balance sheet and other
- Total assets, start of year
- $47,725,720
- Total assets, end of year
- $54,369,234
- Total liabilities, end of year
- $4,043,258
- Net assets, end of year
- $50,325,976
- Land, buildings and equipment
- $709,875
- Publicly traded securities
- $4,463,117
- Net assets without donor restrictions
- $6,332,209
- Net assets with donor restrictions
- $43,993,767
- Gross unrelated business income
- -$32,107
- Gross receipts
- $46,744,959
- Employees
- 14
- Volunteers
- 238
- Year formed
- 1967
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Krista Montague | President/CEO Officer | 40 | $130,340 | $16,756 |
| Jeff Clarke | CFO Officer | 40 | $87,180 | $23,100 |
| Thomas Potter | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Mike Monson | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ken Lutton | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Brittany Cremer | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Tyler Elkin | Trustee Trustee or director | 0.5 | $0 | $0 |
| Kay Berry | Trustee Trustee or director | 0.5 | $0 | $0 |
| Buddy Windy Boy | Trustee Trustee or director | 0.5 | $0 | $0 |
| David Wanzenried | Trustee Trustee or director | 0.5 | $0 | $0 |
| Karen Moses | Trustee Trustee or director | 0.5 | $0 | $0 |
| Becky Anderson | Trustee Trustee or director | 0.5 | $0 | $0 |
| William Henry | Trustee Trustee or director | 0.5 | $0 | $0 |
| Donald L Roberts | Trustee Trustee or director | 0.5 | $0 | $0 |
| Janiel Begger | Trustee Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Krista Montague | President/CEO Officer | 40 | $114,601 | $22,487 |
| Jon Egeland | VP of Finance (until Dec 23) Officer | 40 | $73,532 | $24,745 |
| Jeff Clarke | CFO (as of Jan 24) Officer | 40 | $69,910 | $26,723 |
| Thomas Potter | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Jani McCall | Vice Chair (until March 24) Trustee or director, Officer | 2 | $0 | $0 |
| Mike Monson | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Kay Berry | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tyler Elkin | Trustee Trustee or director | 0.5 | $0 | $0 |
| Brittany Cremer | Trustee Trustee or director | 0.5 | $0 | $0 |
| Buddy Windy Boy | Trustee Trustee or director | 0.5 | $0 | $0 |
| David Wanzenried | Trustee Trustee or director | 0.5 | $0 | $0 |
| Karen Moses | Trustee Trustee or director | 0.5 | $0 | $0 |
| Merry Lee Olson | Trustee Trustee or director | 0.5 | $0 | $0 |
| William Henry | Trustee Trustee or director | 0.5 | $0 | $0 |
| Donald L Roberts | Trustee Trustee or director | 0.5 | $0 | $0 |
| JoAnne Sheridan | Trustee Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Kennedy | Former CEO Former | 0 | $152,720 | $3,733 |
| Krista Montague | President & CEO Officer | 40 | $108,789 | $18,472 |
| Jon Egeland | VP of Finance Officer | 40 | $79,512 | $23,048 |
| Donald L Roberts | Chair Trustee or director, Officer | 4 | $0 | $0 |
| JoAnne Sheridan | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Potter | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Kay Berry | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Karen Moses | Trustee Trustee or director | 0.5 | $0 | $0 |
| Merry Lee Olson | Trustee Trustee or director | 0.5 | $0 | $0 |
| Alan Bryan | Trustee Trustee or director | 0.1 | $0 | $0 |
| Brittany Cremer | Trustee Trustee or director | 0.5 | $0 | $0 |
| Buddy Windy Boy | Trustee Trustee or director | 0.5 | $0 | $0 |
| David Wanzenried | Trustee Trustee or director | 0.5 | $0 | $0 |
| Jani McCall | Trustee Trustee or director | 0.5 | $0 | $0 |
| Krikor Jansezian | Trustee Trustee or director | 0.5 | $0 | $0 |
| William Henry | Trustee Trustee or director | 0.5 | $0 | $0 |
| Dave Warne | Trustee Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 UNIVERSITY DR, BILLINGS, MT 59101-0245
- Principal officer (990 for 2024)
- Michael Monson, 1500 University Drive, Billings, MT 59101
- Signed the 990
- Michael Monson, Chair
- Phone
- (406) 657-2244
- Website
- www.msubfoundation.com
- Return prepared by
- Eide Bailly LLP
Mission
Montana State University Billings Foundation is a publicly supported, non-profit corporation founded in 1968 to advance the goals of Montana State University Billings by (1) establishing lifelong relationships(Continued on Schedule O)with university students, parents, faculty, alumni, friends and community partners; (2) creating pathways to success and sustaining them through philanthropy, stewardship and community engagement; (3) seeking and nurturing innovative partnerships to support the realization of current and emerging university priorities; and (4) fostering a culture of inclusivity that celebrates diversity on campus and beyond.
Program accomplishments
- Campus Programs and Scholarships Academic program expenditures are used to support faculty scholarships and the many available academic disciplines offered at MSU Billings as well as student scholarships that provide direct financial support for MSU Billings students. The Foundation provided funds to MSU Billings for 1,542 scholarships to students ranging in value from $250 to $8,500.Campus Projects - Activities related to capital expenditures for MSU Billings, including the planning, development, renovation, and ongoing stewardship of the University's physical and digital campus infrastructure. (Continued on Schedule O)These projects support the academic mission, enhance the student experience, promote cultural programming, and advance the long term sustainability of the campus. Current projects include, but are not limited to: - Construction of a new Sculpture and Ceramic Studio Art Building - Athletic Team Room remodels - Library remodel projects - Native American Achievement Center remodel Alumni Relations - Activities related to the MSU Billings Alumni Association are focused on fostering engagement, communication, and lifelong relationships with graduates and former students. These efforts include organizing regional alumni events and reunions to strengthen connections to the University and to one another. Alumni Relations also supports communication and outreach initiatives designed to improve alumni engagement, including social media outreach. Additional activities include student alumni networking events and recognition ceremonies that celebrate alumni achievements and contributions.Expenses $2,797,793 · grants $2,586,744
- Campus and Community Outreach - Activities related to the Foundation's public relations efforts to promote MSU Billings throughout the greater community.Expenses $458,682 · grants $153,065 · revenue $155,145
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0301477
- 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
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $54,369,234
- Income (IRS master file)
- $46,744,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,453,219 | $4,397,143 | $54,369,234 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,916,912 | $4,128,439 | $47,725,720 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $3,098,473 | $3,361,935 | $40,792,683 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $3,844,077 | $3,880,181 | $38,846,778 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 81-0301477).
Questions about MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI
- What is the EIN of MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI?
- The employer identification number (EIN) of MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI is 81-0301477.
- Is MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI 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 MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI?
- The 990 for the year ended June 30, 2025 names Michael Monson.
- Who are the officers and directors of MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI?
- The 990 for the year ended June 30, 2025 lists 15 people; 2 received compensation from the organization, the highest $130,340 (Krista Montague, President/CEO).
- How much revenue does MONTANA STATE UNIVERSITY BILLINGS FOUNDATION & ALUMNI have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,453,219, expenses of $4,397,143 and total assets of $54,369,234 at year end.
Other nonprofits in BILLINGS
- ROCKY MOUNTAIN COLLEGE EIN 81-0235407 · last filed 990 for 2025
- MONTANA FAMILY PRACTICE RESIDENCY EIN 81-0499616 · last filed 990 for 2025
- HEAD START INC EIN 81-0398508 · last filed 990 for 2025
- BILLINGS CATHOLIC SCHOOLS FOUNDATION EIN 38-3819006 · last filed 990 for 2025
- BAIR RANCH FOUNDATION EIN 81-0108184 · last filed 990-PF for 2024
- BILLINGS CHRISTIAN SCHOOLS EIN 36-4577367 · last filed 990 for 2025
- GRACE MONTESSORI ACADEMY INC EIN 61-1513394 · last filed 990 for 2025
- YOUNG FAMILIES EARLY HEAD START INC EIN 81-0422429 · last filed 990 for 2025