MONTANA STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MONTANA STATE UNIVERSITY FOUNDATION INC

EIN 81-6001649 · Education (B114)

What they do

We Cultivate Lifelong Relationships and Secure Private Support to Advance Montana State University.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders38 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

50.82%of revenue went to mission work85.7% of expenses · Program services

3.43%of revenue went to fundraising5.8% of expenses

$59.33spent for every $100 of revenueRevenue covered expenses this year.

5.07%of revenue went to management and office costs8.6% of expenses

$6.05in assets for every $1 spent this yearSome assets cannot be spent right away.

84.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $337,435 for FRAN ALBRECHT (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$147,436,078

Mission workProgram services$74,929,58850.82% of revenue85.7% of expenses

ManagementOffice and general costs$7,481,9105.07% of revenue8.6% of expenses

FundraisingAsking for donations$5,058,2333.43% of revenue5.8% of expenses

Revenue left after expensesReported annual surplus$59,966,34740.67% of revenueShown in gray on the chart

Total expenses$87,469,73159.33% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.7% mission · 8.6% management · 5.8% fundraisingTotal expenses: 59.33% of revenue

2023Expense mix: 72.0% mission · 16.0% management · 12.0% fundraisingTotal expenses: 41.22% of revenue

2022Expense mix: 65.3% mission · 20.3% management · 14.4% fundraisingTotal expenses: 47.96% of revenue

2021Expense mix: 82.7% mission · 9.4% management · 7.9% fundraisingTotal expenses: 68.13% of revenue

2020Expense mix: 75.9% mission · 13.3% management · 10.8% fundraisingTotal expenses: 71.42% of revenue

2019Expense mix: 71.0% mission · 15.5% management · 13.5% fundraisingTotal expenses: 71.05% of revenue

2018Expense mix: 80.0% mission · 10.6% management · 9.4% fundraisingTotal expenses: 79.32% of revenue

2017Expense mix: 86.0% mission · 7.4% management · 6.6% fundraisingTotal expenses: 138.51% of revenue

Money in and money out

Revenue$147,436,078

Expenses$87,469,731

Annual surplus $59,966,347 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$74,929,588 · 85.7% of expenses

Management and office costs$7,481,910 · 8.6% of expenses

Fundraising$5,058,233 · 5.8% of expenses

See all reported dollar amounts

Revenue$147,436,078

Expenses$87,469,731

Assets$529,070,770

Income$264,457,322

Contributions$124,843,945

Mission work (program services)$74,929,588

Fundraising$5,058,233

Grants given$243,792,801

Average grant$20,316,067

Management and general$7,481,910

Executive compensation (total)$463,334

Stocks and bonds$145,804,981

Accounting fees$47,775

Investing fees$2,542,529

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

FRAN ALBRECHTPRESIDENT AND CEO · 50 hrs/week $337,435Base $301,975 · Other $35,460

MELISSA KINNEAR UNTIL 1124VP OF FINANCE & ACCOUNTING · 50 hrs/week $249,153Base $213,143 · Other $36,010

SHANNON SCHUMACHERVP OF DEVELOPMENT · 50 hrs/week $218,774Base $188,877 · Other $29,897

KATHLEEN SAYLORSR. DIRECTOR OF SPECIAL PROJECTS · 40 hrs/week $194,626Base $170,014 · Other $24,612

KEVIN BROWNASSOC. VP OF DEVELOPMENT FOR ETGP · 40 hrs/week $184,374Base $150,897 · Other $33,477

KERRY HANSONVP OF ENGAGEMENT · 40 hrs/week $184,241Base $158,356 · Other $25,885

THERESE WELLERSR. MANAGING DIRECTOR OF ETGP · 40 hrs/week $173,704Base $144,775 · Other $28,929

CHRISTOPHER MURRAYFORMER PRESIDENT AND CEO $169,292

JACQUELINE SATHER SR MANAGINGDIRECTOR OF DEVELOPMENT, OR · 40 hrs/week $161,515Base $133,618 · Other $27,897

MARY JANE MCGARITYFORMER INTERIM PRESIDENT AND CEO · 40 hrs/week $135,449Base $109,702 · Other $25,747

CHRIS GLICK UNTIL 0224FORMER VP OF DEVELOPMENT $118,351Base $109,177 · Other $9,174

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (38)

FRAN ALBRECHTPRESIDENT AND CEO

MELISSA KINNEAR UNTIL 1124VP OF FINANCE & ACCOUNTING

SHANNON SCHUMACHERVP OF DEVELOPMENT

KATHLEEN SAYLORSR. DIRECTOR OF SPECIAL PROJECTS

KEVIN BROWNASSOC. VP OF DEVELOPMENT FOR ETGP

KERRY HANSONVP OF ENGAGEMENT

THERESE WELLERSR. MANAGING DIRECTOR OF ETGP

CHRISTOPHER MURRAYFORMER PRESIDENT AND CEO

JACQUELINE SATHER SR MANAGINGDIRECTOR OF DEVELOPMENT, OR

MARY JANE MCGARITYFORMER INTERIM PRESIDENT AND CEO

CHRIS GLICK UNTIL 0224FORMER VP OF DEVELOPMENT

NANCY SELESKICHAIR

LYNDA SEDIVYGOVERNOR

MARK BACIGALUPOGOVERNOR

MARY ANN PEARCEFORMER CHAIR (UNTIL 11/24)

JOMARIE BLISSGOVERNOR

RON AASHEIMGOVERNOR

RON LEWISGOVERNOR

STEVE ROVIGGOVERNOR (UNTIL 7/24)

STEVE WHEELERGOVERNOR

WALTER SMITHGOVERNOR

WAYNE EDWARDSGOVERNOR (JOINED 7/24)

KENT STRAZZAGOVERNOR

ANDREW WILCOXGOVERNER

JILL CUNIFFGOVERNOR

JEN NORD FROM 0525VP OF FINANCE & ACCOUNTING

INGRID DEGREEFGOVERNOR

GREG COLLINSPAST CHAIR

FRANK BENEVENTOGOVERNOR

DON CAPE JRGOVERNOR

DON GIMBELGOVERNOR

DENISE JUNEAUGOVERNOR (UNTIL 7/24)

DARRYL THOMPSONSECRETARY/TREASURER

CHRIS NYGRENGOVERNOR

CAROL EZRATIGOVERNOR (JOINED 7/24)

BRIAN BROWNGOVERNOR (JOINED 11/24)

BILL SANDERSONVICE CHAIR

BEHROOZ ABDIGOVERNOR

About this charity

Recognized since: January 1958
Location: 1501 S 11TH AVE, BOZEMAN, MT 59715-5402
County: Gallatin
In care of: Fran Albrecht
Primary officer: Fran Albrecht, President and CEO

How to reach them

WebsiteVisit the charity’s website EmailInfo@msuaf.org Phone(406) 994-2053

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EIDE BAILLY LLP
NTEE classification: Education (B114)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes