2024-01-22T09:47:17-06:00 2023-06-30 822385704 Peterson CPA Group PC PO Box 5667 Missoula MT 59806 990 2022-07-01 810529738 Montana Technology Enterprise Center MONT 4062436982 1121 East Broadway Missoula MT 59802 Scott Whittenburg President 4062436982 2024-01-22 1 Scott Whittenburg 999009999 0 Dan Peterson P00910393 4069261800 2024-01-22 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Scott Whittenburg 1121 East Broadway Missoula MT 59802 4652105 0 X www.montanaenterprisecenter.com X 2001 MT To provide facilities for new technology-based start up businesses to obtain innovative research and create jobs to revitalize the region and state. MONTEC strives to bolster local start-ups and to encourage the commercialization of university research. 4 1 34 2 0 0 449281 505522 2215716 4146561 5 22 469 0 2665471 4652105 33963 19756 0 0 425118 1869299 0 0 27643 2050532 2570015 2509613 4459070 155858 193035 7106813 7204557 1874692 1800579 5232121 5403978 To provide facilities for new technology-based start up businesses to obtain innovative research and create jobs to revitalize the region and state. MONTEC strives to bolster local start-ups and to encourage the commercialization of university research. 0 0 4193200 19756 4146561 To provide facilities for new technology based start-up businesses; to obtain innovative research for new tehcnology based start-up businesses; to create quality jobs and to revitalize and diversify regional and state economics and to promote technology transfer programs. 4193200 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 1 43 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Balance Tech LLC 4063960085 534 Fairview Ave Missoula MT 59801 Brigitta Miranda-Freer Director of Operations 10.00 0.00 X X 57622 0 0 Scott Whittenburg President and Board Chair 10.00 0.00 X X 18440 0 0 Christina Henderson Vice Chair 1.00 0.00 X X 0 0 0 Jay Evans Secretary 1.00 0.00 X X 0 0 0 Paul Lasiter Director 1.00 0.00 X 0 0 0 Paul Gladen Director of Programs 10.00 X 9123 0 0 85185 0 0 0 0 0 0 0 404837 100685 505522 MONTEC Program 541900 3704982 3704982 MONTEC Building Rents 531120 441579 441579 4146561 22 22 4652105 4146561 0 22 X 19756 19756 135467 135467 1435625 1310540 105336 19749 166044 150060 13732 2252 132163 121648 8956 1559 9330 4685 4645 50430 75 50355 1512802 1504368 4665 3769 253152 253152 86738 40349 46249 140 222264 222264 145409 141258 4101 50 24747 24559 188 206749 206749 Program and Events 38954 38954 0 0 Loss on Asset Writedown 19185 19185 0 0 Miscellaneous 255 131 0 124 4459070 4193200 238227 27643 1610879 1550737 17956 29967 5788 14236 83748 219667 19295 21722 8322936 2954708 5369147 5368228 7106813 7204557 246102 487713 977831 709948 631943 568420 18816 34498 1874692 1800579 X 5226508 5388847 5613 15131 5232121 5403978 7106813 7204557 X 193035 -21178 X 0 1 X 1 1 1 X 47000 500 180478 449281 505522 1182781 812655 904536 1054629 2215716 4146561 9134097 859655 905036 1235107 2664997 4652083 10316878 0 213970 525698 655814 613843 555664 2564989 213970 525698 655814 613843 555664 2564989 7751889 7 7 2 5 22 43 7 7 2 5 22 43 859662 905043 1235109 2665002 4652105 10316921 0.75140 0.69010 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 562296 562296 7656941 2877929 4779012 53230 49408 3822 50469 27371 23098 5368228 Tenant Security Deposits 34498 34498 X 4616289 -35816 -35816 4652105 0 4652105 4444432 -14638 -14638 4459070 0 4459070 Part X, Line 2: MONTEC is exempt from income tax under provisions of Section 501(c)(3) of he Internal Revenue Code. This code enables MONTEC to accept donations that qualify as charitable donations to the donor. MONTEC's increase in net assets is generally not subject to income taxes, unless income is derived from certain activities not directly related to MONTEC's tax-exempt purpose. Management believes there was no unrelated business income during the year ended June 30, 2023 and has not recorded any provision for income tax accordingly. Part XI, Line 2d - Other Adjustments: Revenue from fiscal sponsors -35,816. Part XII, Line 2d - Other Adjustments: Expenses of fiscal sponsors -14,638. John Freer Spouse of a member of the organization's management 42000 Course development and consulting. 0 Form 990, Part VI, Section B, line 11b A copy of the 990 is provided to the Organization's Director of Operations who approves and submits to the board of directors for review prior to filing. Form 990, Part VI, Section B, line 12c The Organization requires all board members to annually disclose any conflicts of interest. Board members are also required to disclose any conflicts or potential conflicts as they arise. If a conflict is noted, the board member is excluded from further discussion of the matter giving rise to the conflict. Form 990, Part VI, Section B, line 15 The President receive a stipend approved by the board. The President approved compensation for the Director of Operations and for the Director of Programs. Comparability data across the organization and from external sources is used to set pay rates for all employees. Form 990, Part VI, Section C, line 18 The Organization makes its Form 1023 and Form 990 available to the public upon request. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Subcontractors, Instructors, Consultants: Program service expenses 1,504,368. Management and general expenses 4,665. Fundraising expenses 3,769. Total expenses 1,512,802. Form 990, Part XI, line 9: Net income of fiscally sponsored entities not in the financial statements -21,178. The University of Montana 32 Campus Drive Missoula MT 59812 816001713 Public University MT 501(c)(3) Line 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 The University of Montana B 693008 Cash The University of Montana P 310698 Cash