2024-02-22T14:12:27-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 455507328 MONTANA STATE UNIVERSITY INNOVATION CAMPUS MONT 4069942053 PO BOX 172755 BOZEMAN MT 597172755 RICHARD HARTE MSUIC CHAIRPERSON 4069942053 2024-01-15 1 RICHARD HARTE XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD HARTE PO BOX 172755 BOZEMAN MT 597172755 730296 0 X MSUINNOVATIONCAMPUS.COM X 2012 MT TO PROMOTE ECONOMIC DEVELOPMENT AND PARTNERSHIPS BETWEEN BUSINESS AND THE RESEARCH COMMUNITY OF MONTANA STATE UNIVERSITY, THE REGION, AND THE STATE OF MONTANA. 12 12 0 11 0 0 340537 330383 118534 399913 0 0 0 0 459071 730296 0 0 0 0 83477 87004 0 0 0 245994 384551 329471 471555 129600 258741 18411116 19012664 5287120 5629927 13123996 13382737 X TO PROMOTE ECONOMIC DEVELOPMENT AND PARTNERSHIPS BETWEEN BUSINESS AND THE RESEARCH COMMUNITY OF MONTANA STATE UNIVERSITY, THE REGION, AND THE STATE OF MONTANA. 0 0 438935 0 399913 MSU INNOVATION CAMPUS CONTINUES TO MAKE PROGRESS IN ESTABLISHING A RESEARCH PARK TO PROMOTE ECONOMIC DEVELOPMENT, RESEARCH, AND EDUCATIONAL OPPORTUNITIES. THE FIRST BUILDING, THE APPLIED RESEARCH LAB, OPENED EARLY 2020 AND UTILIZES MONTANA STATE UNIVERSITY (MSU) FACULTY AND STUDENTS COMBINED WITH MONTANA INDUSTRY TO ENGAGE IN MANY AREAS OF MSU'S RESEARCH EXPERTISE. AN 87,000-SF PROFESSIONAL, MULTI-TENANT OFFICE TO SUPPORT MSU RESEARCH AND ECONOMIC DEVELOPMENT, CALLED INDUSTRY - BOZEMAN, BROKE GROUND JUNE 2022 AND IS ANTICIPATED TO BE OPERATIONAL EARLY 2024. AURORA INNOVATION INC, WHICH SPECIALIZES IN TECHNOLOGY FOR SELF-DRIVING CARS, IS BUILDING A 78,000-SF FACILITY ON THE INNOVATION CAMPUS. CONSTRUCTION BEGAN IN THE SPRING OF 2023 AND IT IS EXPECTED TO BE COMPLETED IN THE THIRD QUARTER OF 2024. MSU INNOVATION CAMPUS CONTINUES TO UPDATE ITS MASTER PLAN AS PART OF THIS MULTIPHASE PROJECT FOR LAB, LIGHT MANUFACTURING, AND OFFICE SPACE WITH KEY INDUSTRY PARTNERS AND IS WORKING CLOSELY WITH THE CITY OF BOZEMAN TO CHANGE ITS ZONING DESIGNATION TO ALLOW FOR GREATER DENSITY OF DEVELOPMENT ON THE CAMPUS. 438935 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MELISSA KINNEAR 4069942053 PO BOX 172755 BOZEMAN MT 597172755 MARK SHARPE EXECUTIVE DIRECTOR 40.00 0.00 X 0 56028 26889 RICHARD HARTE CHAIR 0.25 0.00 X X 0 0 0 STEVE BARRETT VICE CHAIR 0.25 0.00 X X 0 0 0 SCOTT LEVANDOWSKI SECRETARY/TREASURER TILL 03/23 0.25 0.00 X X 0 0 0 SUSAN CARSTENSEN DIRECTOR 0.25 0.00 X 0 0 0 BRIT FONTENOT DIRECTOR 0.25 0.00 X 0 0 0 RICHARD HARJES DIRECTOR 0.25 0.00 X 0 0 0 ALISON HARMON DIRECTOR 0.25 0.00 X 0 0 0 TERRY LEIST DIRECTOR 0.25 0.00 X 0 0 0 ROBERT MORRISON DIRECTOR 0.25 0.00 X 0 0 0 SCOTT OSTERMAN DIRECTOR 0.25 0.00 X 0 0 0 CORY PULFREY DIRECTOR 0.25 0.00 X 0 0 0 PAUL REICHERT DIRECTOR 0.25 0.00 X 0 0 0 MARY BETH WALSH DIRECTOR 0.25 0.00 X 0 0 0 0 56028 26889 0 0 0 0 0 330383 284300 330383 RENTAL INCOME 531120 399913 399913 399913 730296 399913 0 0 82722 82722 4282 4282 3672 3672 2415 2415 25700 25700 833 833 20000 20000 329322 329322 1393 1393 DUES & SUBSCRIPTIONS 1050 1050 EVENT EXPENSE 126 126 GOVERNMENT FEES 40 40 471555 438935 32620 0 35445 20859 14412206 14737636 28167 8280 63439 361481 3883499 3870731 3883499 1128 909 18411116 19012664 51869 21167 40484 39110 5194767 5569650 5287120 5629927 X -1288211 -1354899 14412207 14737636 13123996 13382737 18411116 19012664 258741 0 X X 0 1 X 1 0 X X X 1 MONTANA STATE UNIVERSITY FOUNDATION 816001649 5 1 438935 0 1 438935 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3883499 3883499 3883499 RELATED PARTY LAND NOTES PAYABLE 5569650 5569650 78716181 77985885 77985885 730296 0 730296 31405866 30934311 30934311 471555 0 471555 PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY OPERATIONS 77,985,885. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY OPERATIONS 30,934,311. X PLEDGE 1 284300 FAIR VALUE 0 0 0 0 PART I, COLUMN (B): COLUMN B IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRPERSON, VICE CHAIRPERSON AND SECRETARY-TREASURER, THE CHAIR OF EACH STANDING COMMITTEE, AND SUCH DIRECTORS AS THE BOARD OF DIRECTORS AT ITS DISCRETION MAY APPOINT. THE EXECUTIVE COMMITTEE SHALL MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS REGARDING THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION, SHALL HAVE RESPONSIBILITY FOR MONITORING THESE BYLAWS AND OTHER GOVERNANCE MATTERS, AND SHALL HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS IN BETWEEN MEETINGS. THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS AND SHALL REPORT ALL EXECUTIVE COMMITTEE ACTIONS AT THE FIRST BOARD OF DIRECTORS MEETING FOLLOWING THE ACTION. FORM 990, PART VI, SECTION A, LINE 6 MONTANA STATE UNIVERSITY FOUNDATION, INC. IS THE SOLE MEMBER OF THIS NONPROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MSU FOUNDATION, INC., THE SOLE MEMBER, APPOINTS ELEVEN DIRECTORS AND MONTANA STATE UNIVERSITY APPOINTS TWO DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION SUPPLIED BY MANAGEMENT. ONCE THE RETURN IS AVAILABLE, IT IS SUPPLIED TO MANAGEMENT FOR THEIR REVIEW WITH ANY CHANGES INCORPORATED INTO THE FILING. THE RETURN IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS MUST ANNUALLY SIGN AN ACKNOWLEDGEMENT THAT THEY HAVE READ AND COMPLIED WITH THE CONFLICT OF INTEREST POLICY. THEY MUST ALSO REPORT ANY POTENTIAL CONFLICTS. THE EXECUTIVE COMMITTEE REVIEWS, DISCUSSES, AND DECIDES HOW TO HANDLE ANY CONFLICTS. THE PERSON WHO HAS OR APPEARS TO HAVE A CONFLICT OF INTEREST SHALL BE EXCLUDED FROM THE DISCUSSION OF THE TRANSACTION OR IF DEEMED TO BE IN THE BEST INTEREST OF MSUIC, MAY PROVIDE INFORMATION FOR AND ANSWER QUESTIONS RELATING TO THE TRANSACTION AS PERMITTED BY AND LIMITED BY THE INDIVIDUAL PRESIDING OVER THE DISCUSSION OF THE TRANSACTION. BY PARTICIPATING, THE PERSON SHALL NOT INTENTIONALLY INFLUENCE A DECISION ON THE MATTER. THE PERSON WHO HAS OR APPEARS TO HAVE A CONFLICT OF INTEREST SHALL BE EXCLUDED FROM VOTING ON THE TRANSACTION AND A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS IF APPROPRIATE. ALL DECISIONS AND ACTIONS PURSUANT TO THIS PROVISION ARE CLEARLY DOCUMENTED IN THE MINUTES OF THE PROCEEDING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THEIR PROCESS FOR THE OVERSIGHT OR SELECTION OF THE INDEPENDENT ACCOUNTANT FROM THE PRIOR YEAR. MONTANA STATE UNIVERSITY FOUNDATION PO BOX 172750 BOZEMAN MT 597172750 816001649 UNIVERSITY SUPPORT MT 501(C)(3) LINE 5 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0