Nonprofit · EIN 81-6001649
MONTANA STATE UNIVERSITY FOUNDATION
Tax-exempt · BOZEMAN, MT 59715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $147,436,078 | $87,469,731 | $59,966,347 | $529,070,770 | $21,297,092 | $507,773,678 |
| June 30, 2024 | 990 | $101,083,515 | $41,668,972 | $59,414,543 | $453,249,914 | $19,710,503 | $433,539,411 |
| June 30, 2023 | 990 | $61,224,540 | $29,360,325 | $31,864,215 | $379,099,449 | $20,938,414 | $358,161,035 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $124,843,945
- Program service revenue
- $4,503,494
- Investment income
- $17,705,535
- Royalties
- $67
- Net rental income
- $39,179
- Net gain from sales of assets
- $10,287,372
- Net income from fundraising events
- -$31,034
- Other revenue
- $383,104
Expenses
- Grants and similar amounts paid
- $73,058,871
- Compensation of officers, directors and key employees
- $746,091
- Other salaries and wages
- $5,856,601
- Salaries, compensation and benefits (total)
- $8,659,967
- Professional fundraising fees
- $0
- Legal fees
- $15,474
- Accounting fees
- $47,775
- Occupancy
- $228,126
- Travel
- $425,507
- Depreciation
- $331,385
- Program services (functional)
- $74,929,588
- Management and general (functional)
- $7,481,910
- Fundraising (functional)
- $5,058,233
Balance sheet and other
- Total assets, start of year
- $453,249,914
- Total assets, end of year
- $529,070,770
- Total liabilities, end of year
- $21,297,092
- Net assets, end of year
- $507,773,678
- Land, buildings and equipment
- $14,616,227
- Publicly traded securities
- $145,804,981
- Net assets without donor restrictions
- $24,905,577
- Net assets with donor restrictions
- $482,868,101
- Gross unrelated business income
- $2,806,817
- Gross receipts
- $264,457,322
- Employees
- 90
- Volunteers
- 150
- Year formed
- 1946
- 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 |
|---|---|---|---|---|
| Fran Albrecht | President and CEO Officer | 50 | $301,975 | $35,460 |
| Melissa Kinnear Until 1124 | VP of Finance & Accounting Officer | 50 | $213,143 | $36,010 |
| Shannon Schumacher | VP of Development Key employee | 50 | $188,877 | $29,897 |
| Kathleen Saylor | Sr. Director of Special Projects Highest-paid employee | 40 | $170,014 | $24,612 |
| Kevin Brown | Assoc. VP of Development for ETGP Highest-paid employee | 40 | $150,897 | $33,477 |
| Kerry Hanson | VP of Engagement Highest-paid employee | 40 | $158,356 | $25,885 |
| Therese Weller | Sr. Managing Director of ETGP Highest-paid employee | 40 | $144,775 | $28,929 |
| Christopher Murray | Former President and CEO Former | 0 | $169,292 | $0 |
| Jacqueline Sather Sr Managing | Director of Development, OR Highest-paid employee | 40 | $133,618 | $27,897 |
| Mary Jane McGarity | Former Interim President and CEO Former | 40 | $109,702 | $25,747 |
| Chris Glick Until 0224 | Former VP of Development Former | 0 | $109,177 | $9,174 |
| Nancy Seleski | Chair Trustee or director, Officer | 6.5 | $0 | $0 |
| Bill Sanderson | Vice Chair Trustee or director, Officer | 0.8 | $0 | $0 |
| Mary Ann Pearce | Former Chair (Until 11/24) Trustee or director, Officer | 1.5 | $0 | $0 |
| Darryl Thompson | Secretary/Treasurer Trustee or director, Officer | 4 | $0 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Greg Collins | Past Chair Trustee or director, Officer | 3.9 | $0 |
| Ron Aasheim | Governor Trustee or director | 2.1 | $0 |
| Behrooz Abdi | Governor Trustee or director | 1.1 | $0 |
| Mark Bacigalupo | Governor Trustee or director | 1.2 | $0 |
| Frank Benevento | Governor Trustee or director | 0.5 | $0 |
| Jomarie Bliss | Governor Trustee or director | 1.8 | $0 |
| Brian Brown | Governor (Joined 11/24) Trustee or director | 0.5 | $0 |
| Don Cape Jr | Governor Trustee or director | 1 | $0 |
| Jill Cuniff | Governor Trustee or director | 2.7 | $0 |
| Ingrid Degreef | Governor Trustee or director | 2.3 | $0 |
| Wayne Edwards | Governor (Joined 7/24) Trustee or director | 0.7 | $0 |
| Carol Ezrati | Governor (Joined 7/24) Trustee or director | 1.5 | $0 |
| Don Gimbel | Governor Trustee or director | 0.2 | $0 |
| Denise Juneau | Governor (Until 7/24) Trustee or director | 0.1 | $0 |
| Ron Lewis | Governor Trustee or director | 0.3 | $0 |
| Chris Nygren | Governor Trustee or director | 0.8 | $0 |
| Steve Rovig | Governor (Until 7/24) Trustee or director | 0.3 | $0 |
| Lynda Sedivy | Governor Trustee or director | 0.8 | $0 |
| Walter Smith | Governor Trustee or director | 0.6 | $0 |
| Kent Strazza | Governor Trustee or director | 1 | $0 |
| Steve Wheeler | Governor Trustee or director | 0.7 | $0 |
| Andrew Wilcox | Governer Trustee or director | 0.7 | $0 |
| Jen Nord From 0525 | VP of Finance & Accounting Officer | 30 | $0 |
990 for the year ended June 30, 2024: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Christopher Murray Until 223 | Former President and CEO Former | 50 | $351,678 | $35,252 |
| Mary Jane McGarity Until 1023 | VP of Development/Interim CEO Officer | 40 | $224,609 | $32,226 |
| Chris Glick | VP of Development Highest-paid employee | 40 | $201,567 | $28,612 |
| Melissa Kinnear | VP of Finance & Accounting Officer | 50 | $191,635 | $30,118 |
| Neal Zandonella | VP of Information Tech. Highest-paid employee | 40 | $143,182 | $37,439 |
| Kathleen Saylor | VP of Operations Highest-paid employee | 40 | $148,971 | $22,344 |
| Shannon Schumacher | Assoc. VP of Development Highest-paid employee | 40 | $142,148 | $26,798 |
| Kevin Brown | Assoc. VP of Planned Giving Highest-paid employee | 40 | $132,344 | $36,056 |
| Fran Albrecht From 1123 | President and CEO Officer | 40 | $72,992 | $16,182 |
| Greg Collins | Chair Trustee or director, Officer | 5.76 | $0 | $0 |
| Mary Ann Pearce | Vice Chair Trustee or director, Officer | 8.88 | $0 | $0 |
| Bill Sanderson | Secretary/Treasurer Trustee or director, Officer | 3.17 | $0 | $0 |
| Steve Rovig | Past Chair Trustee or director, Officer | 1.31 | $0 | $0 |
| Ron Aasheim | Governor Trustee or director | 0.79 | $0 | $0 |
| Behrooz Abdi | Governor Trustee or director | 0.65 | $0 | $0 |
| Norman Asbjornson | Governor (Thru 09/23) Trustee or director | 0 | $0 | $0 |
| Mark Bacigalupo | Governor Trustee or director | 0.7 | $0 | $0 |
| Frank Benevento | Governor Trustee or director | 0.6 | $0 | $0 |
| Don Cape Jr | Governor Trustee or director | 0.42 | $0 | $0 |
| Jill Cuniff | Governor Trustee or director | 1.28 | $0 | $0 |
| Ingrid Degreef | Governor Trustee or director | 0.79 | $0 | $0 |
| Don Gimbel | Governor Trustee or director | 0.41 | $0 | $0 |
| Jomarie Phelan Honcoop | Governor Trustee or director | 0.46 | $0 | $0 |
| Denise Juneau | Governor Trustee or director | 0.79 | $0 | $0 |
| Wes Kremer | Governor (Thru 05/24) Trustee or director | 0.33 | $0 | $0 |
| Ron Lewis | Governor Trustee or director | 0.26 | $0 | $0 |
| Chris Lofgren | Governor (Thru 09/23) Trustee or director | 0 | $0 | $0 |
| Chris Nygren | Governor (Joined 09/23) Trustee or director | 0.63 | $0 | $0 |
| Risa Scott | Governor (Thru 09/23) Trustee or director | 0 | $0 | $0 |
| Nancy Seleski | Governor Trustee or director | 2.65 | $0 | $0 |
| Walter Smith | Governor Trustee or director | 0.7 | $0 | $0 |
| Kent Strazza | Governor (Joined 05/24) Trustee or director | 0 | $0 | $0 |
| Ginny Sullivan | Governor (Thru 09/23) Trustee or director | 0 | $0 | $0 |
| Darryl Thompson | Governor Trustee or director | 1.09 | $0 | $0 |
| Steve Wheeler | Governor Trustee or director | 0.63 | $0 | $0 |
| Andrew Wilcox | Governor Trustee or director | 0.79 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER MURRAY | PRESIDENT & CEO THRU 2/23 Officer | 50 | $317,272 | $48,948 |
| MELISSA KINNEAR | VP FINANCE & ACCTG Officer | 50 | $153,449 | $24,969 |
| KATHLEEN SAYLOR | VP OPERATIONS Highest-paid employee | 40 | $142,417 | $20,431 |
| NEAL ZANDONELLA | VP INFORMATION TECH Highest-paid employee | 40 | $120,964 | $31,765 |
| MARY JANE MCGARITY | VP DEV. / INTERIM CEO AS OF 2/23 Officer | 40 | $132,204 | $20,269 |
| KEVIN BROWN | ASSOC. VP PLANNED GIVING Highest-paid employee | 40 | $118,304 | $31,025 |
| JACKIE SATHER | SR DEV DIRECTOR Highest-paid employee | 40 | $123,610 | $25,463 |
| SHANNON SCHUMACHER | ASSOC. VP DEVELOPMENT Highest-paid employee | 40 | $118,715 | $22,538 |
| GREG COLLINS | CHAIR Trustee or director, Officer | 3.98 | $0 | $0 |
| MARY ANN PEARCE | VICE CHAIR Trustee or director, Officer | 2.65 | $0 | $0 |
| BILL SANDERSON | SECRETARY/TREASURER Trustee or director, Officer | 3.58 | $0 | $0 |
| STEVE ROVIG | PAST CHAIR Trustee or director, Officer | 0.77 | $0 | $0 |
| RON AASHEIM | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| BEHROOZ ABDI | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| NORMAN ASBJORNSON | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| MARK BACIGALUPO | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| FRANK BENEVENTO | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| DON CAPE JR | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| INGRID DEGREEF | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| DON GIMBEL | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| DENISE JUNEAU | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| WES KREMER | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| RON LEWIS | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| CHRIS LOFGREN | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| HEIDI MCLOUGHLIN | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| RISA SCOTT | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| NANCY SELESKI | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| WALTER SMITH | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| GINNY SULLIVAN | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
| ANDREW WILCOX | GOVERNOR Trustee or director | 0.77 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 S 11TH AVE, BOZEMAN, MT 59715-5402
- Principal officer (990 for 2024)
- Fran Albrecht, PO Box 172750, Bozeman, MT 59717
- Signed the 990
- Fran Albrecht, President and CEO
- Phone
- (406) 994-2053
- Website
- www.msuaf.org
- Return prepared by
- Eide Bailly LLP
Mission
We cultivate lifelong relationships and secure private support to advance Montana State University.
Program accomplishments
- MSUAF provided Montana State University with private dollars to advance its land-grant mission to integrate education, create knowledge and art, and service communities. MSUAF provided $9.2 million to enrich instruction, research, and public service of Montana State University's 17,144 students as well as $54.3 million to construct and equip facilities that enhance their research and learning environments.Expenses $63,423,674 · grants $63,290,447 · revenue $2,404,590
- MSUAF provided 3,338 students with scholarships to attend Montana State University. Scholarships allowed these students to pursue advanced education, lessening the burden of tuition, housing, and fees.Expenses $9,768,424 · grants $9,768,424 · revenue $1,756,210
- Alumni engagement connects over 252,000 contactable alumni and friends of Montana State University through inclusive communications, events, and affiliate networks. Alumni (which included graduates and non-degreed attendees) and friends (affiliates, staff, faculty, donors, parents of current students) receive regular MSU news, events, and invitations to connect with Montana State and one another, locally, in populus target regions, and in chapter areas and across the country. Over 300 events including in-person and hybrid, brought programs, meaningful experiences and unique opportunities to engage with MSU, to over 24,000 tracked alumni, friends, supporters, and fans.Expenses $1,737,490 · revenue $342,694
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
- 81-6001649
- 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
- 1958
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $529,070,770
- Income (IRS master file)
- $264,457,322
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $147,436,078 | $87,469,731 | $529,070,770 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $101,083,515 | $41,668,972 | $453,249,914 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $61,224,540 | $29,360,325 | $379,099,449 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $68,811,892 | $46,879,130 | $330,292,309 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | 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 81-6001649).
Questions about MONTANA STATE UNIVERSITY FOUNDATION
- What is the EIN of MONTANA STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of MONTANA STATE UNIVERSITY FOUNDATION is 81-6001649.
- Is MONTANA STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to MONTANA STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTANA STATE UNIVERSITY FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended June 30, 2025 names Fran Albrecht.
- Who are the officers and directors of MONTANA STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 38 people; 11 received compensation from the organization, the highest $301,975 (Fran Albrecht, President and CEO).
- How much revenue does MONTANA STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $147,436,078, expenses of $87,469,731 and total assets of $529,070,770 at year end.
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- UPPER MISSOURI WATERKEEPER INC EIN 46-2954392 · last filed 990 for 2024
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