2025-04-15T12:32:06-05:00 2024-06-30 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-07-01 810250363 MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION MONT 4064964615 1300 WEST PARK STREET BUTTE MT 59701 JAIME HEPPLER CEO 4064964615 2025-04-14 1 1 EMINA O CRESSWELL CPA P01217304 5097472600 2025-04-14 2023 2025-03-06 01:10:19Z MONTANA TECH FOUNDATION JAIME HEPPLER 1300 WEST PARK STREET BUTTE MT 59701 24705455 0 X FOUNDATION.MTECH.EDU X 1967 MT ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY. 13 13 13 15 23130 0 42903714 7509781 0 0 409932 2109833 167096 217257 43480742 9836871 9901336 3359198 0 0 928758 1114123 0 0 1069657 1490331 1846631 12320425 6319952 31160317 3516919 100387232 109611447 527768 383826 99859464 109227621 X THE MISSION OF THE MONTANA TECH FOUNDATION IS TO ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY BY GENERATING PRIVATE CONTRIBUTIONS TO SUPPLEMENT THE INSTITUTION'S STATE AND FEDERAL REVENUES FOR CAPITAL, OPERATING, AND STUDENT ASSISTANCE FUNDS. ESTABLISHED IN 1967 UNDER STATE OF MONTANA LAW, THE FOUNDATION IS THE CATALYST AND CONDUIT THROUGH WHICH GIFTS AND ENDOWMENT INCOME FLOW TO PROVIDE IMMEDIATE AND LONG-TERM SUPPORT FOR MONTANA TECHNOLOGICAL UNIVERSITY AND ALL OF ITS PROGRAMS. THE FOUNDATION IS A MECHANISM THROUGH WHICH PRIVATE SUPPORT IS RAISED AND MANAGED FOR THE SOLE BENEFIT OF MONTANA TECHNOLOGICAL UNIVERSITY. OVERSEEN BY A BOARD OF DIRECTORS AND STAFFED BY A TEAM OF DEVELOPMENT PROFESSIONALS, THE FOUNDATION ADMINISTERS ALL GIFTS IN A BUSINESS-LIKE MANNER IN ACCORDANCE WITH DONORS' WISHES. 0 0 4384430 3359198 0 THE MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION PROVIDED THE MONTANA TECHNOLOGICAL UNIVERSITY WITH PRIVATE DOLLARS TO ADVANCE ITS MISSION TO CONNECT STUDENTS TO A NETWORK OF PEOPLE, OPPORTUNITIES AND EXPERIENCE THAT EMPOWER THEM TO CHANGE THE WORLD. THE FOUNDATION PROVIDED $1.8 MILLION IN SCHOLARSHIPS TO 551 STUDENTS AND $2.6 MILLION TO ASSIST DEPARTMENTS WITH PURCHASES OF EQUIPMENT, SUPPLIES AND FACULTY SUPPORT. 4384430 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 16 0 1 13 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA KY LA MD MA MI MN NH NJ NY NC ND OR SC UT WI X X LANCE ALLEN 4064964615 1300 WEST PARK STREET BUTTE MT 59701 JAIME HEPPLER CHIEF EXECUTIVE OFFICER 40.00 X 190593 0 44003 LUKE MEYER VICE PRESIDENT OF DEVELOPMENT 40.00 X 142361 0 36265 LANCE J ALLEN CHIEF FINANCIAL OFFICER 40.00 X 10517 0 0 BOB SHEPHERD BOARD CHAIR 1.00 X X 0 0 0 BRYAN LARSON OUTGOING CHAIR (THRU 2/24) 1.00 X X 0 0 0 JOSH VINCENT VICE CHAIR 1.00 X X 0 0 0 KRISTEN MANSON TREASURER 1.00 X X 0 0 0 JERRI DOYLE SECRETARY 1.00 X X 0 0 0 NICKI MILLER HOUSTON DIRECTOR 1.00 X 0 0 0 KATHY ARNOLD DIRECTOR 1.00 X 0 0 0 DAVE BURGER DIRECTOR 1.00 X 0 0 0 BILL DAILY DIRECTOR 1.00 X 0 0 0 JON CHERRY DIRECTOR 1.00 X 0 0 0 GARY KOLSTAD DIRECTOR 1.00 X 0 0 0 JONNA LASLOVICH DIRECTOR 1.00 X 0 0 0 LEO MCCARTHY DIRECTOR 1.00 X 0 0 0 DENNIS GARBARINO DIRECTOR 1.00 X 0 0 0 LEO MCARTHY DIRECTOR 1.00 X 0 0 0 343471 0 80268 2 0 1 0 0 67740 7442041 613478 7509781 328232 328232 16529499 14747898 1781601 1781601 1781601 285232 67740 106641 178591 178591 29581 14045 15536 15536 PASSTHROUGH INCOME 900099 23130 23130 23130 9836871 0 23130 2303960 3359198 3359198 493166 195406 297760 82818 82818 325103 4054 321049 27733 349 27384 125068 51468 73600 60235 19686 40549 150 150 68959 3270 65689 142250 142250 222395 78832 85993 57570 19402 16142 500 2760 283014 204242 58445 20327 169654 6148 44908 118598 195508 152516 3136 39856 43116 36810 87 6219 584 584 61076 36982 11649 12445 19502 562 18940 ENTERTAINMENT 291685 271710 9042 10933 REPAIRS & MAINTENANCE 143524 122594 20930 0 GIFTS 112396 78182 3066 31148 DUES & SUBSCRIPTIONS 22430 10381 5229 6820 50986 6277 42070 2639 6319952 4384430 865865 1069657 1032600 -7083 5643050 5178420 24034935 15586875 0 121532 137800 121512 2648360 774430 1737259 1873930 65662289 84434420 1915631 2073950 223668 227891 100387232 109611447 246586 181932 66799 0 214383 201894 527768 383826 X 2242968 2139945 97616496 107087676 99859464 109227621 100387232 109611447 X 3516919 5881301 -30063 X 0 1 X 1 0 X 5582489 5272608 11922364 42853714 7509781 73140956 5582489 5272608 11922364 42853714 7509781 73140956 39638283 33502673 115977 67655 68313 71950 328232 652127 43266 135965 31684 0 210915 50000 50000 74053998 1297981 0.45240 0.45960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68984897 11890712 9793144 2190472 1571001 1257498 85649782 57362938 10984588 5271182 1915650 1640586 1077575 68984897 52092737 8981096 -1020439 2690456 57362938 42100223 1525169 11541888 3074543 52092737 42894396 1662704 -165798 2291079 42100223 0.01000 0.84000 0.15000 1 0 18996 18996 2306447 666944 1639503 322917 107486 215431 1873930 GIFT ANNUITY PAYABLE 201894 201894 X 15666545 5881301 124909 6006210 9660335 142250 34286 176536 9836871 6298388 120686 120686 6177702 142250 142250 6319952 PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS TO GENERATE INCOME FROM INVESTMENTS TO SUPPORT THE COLLEGE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 50L(C)(3) AS AMENDED. THE INTERNAL REVENUE SERVICE (IRS) HAS RULED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION AS DEFINED IN 509(A) OF THE INTERNAL REVENUE CODE. BUSINESS INCOME UNRELATED TO THE PURPOSE OF THE ORGANIZATION IS REPORTED IN A FORM 990-T AND INCOME TAXES ARE PAID ON UNRELATED BUSINESS INCOME. THE FOUNDATION COMPLIES WITH THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. AS OF JUNE 30, 2024 AND 2023, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 120,686. CHANGE IN VALUE OF LIFE INSURANCE ANNUITY 4,223. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INCOME 23,130. CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT 11,156. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 120,686. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 10952193 0 0 0 0 0 0 10952193 0 10952193 1 0 1 0 0 0 PART I, LINE 3: INVESTMENTS ARE ACCOUNTED FOR IN THE ORGANIZATION'S FINANCIAL STATEMENTS USING THE FAIR MARKET VALUE OF EACH FUND PER EACH FUND'S INVESTMENTS STATEMENT. THE AMOUNT IN COLUMN (F) IS THE FAIR MARKET VALUE. NATURAL RESOURCE GOLF 89618 35593 54025 3742 6320 14974 4725 METALLURGICAL AND MATERIALS 60561 24082 36479 16446 10495 13 202793 8065 194728 12085 20331 7817 9706 352972 67740 285232 15827 43097 22791 24926 106641 178591 29581 6125 7920 1 0.85000 29581 6125 7920 14045 15536 MT 0 AS A 501C(3) IN MONTANA, WE ARE NOT REQUIRED TO OBTAIN LICENSING. 0 1 0 0.00000 1.00000 LANCE ALLEN 1300 W PART ST BUTTE MT 59701 0 JAMIE HEPPLER 248071 OVERSEES THE DEPARTMENT AND CLUB RAFFLES. DEPOSITS FUNDS BROUGHT IT AND PAYS EXPENSES FROM FUND ACCOUNTS. X 0 1 MONTANA TECHNOLOGICAL UNIVERSITY 1300 W PARK STREET BUTTE MT 59701 816001654 STATE OF MONTANA 2464666 894532 FMV ART, BOOKS, GOODS, INTELLECTUAL PROPERTY, COLLECTIBLES, EQUIPMENT, GIFTS STUDENT SCHOLARSHIPS, PROFESSORSHIP SUPPLEMENTS, AND PROGRAM DISTRIBUTIONS 1 0 PART I, LINE 2: THE MONEY IS ONLY PAID TO THE UNIVERSITY AFTER THE ACTUAL EXPENSE HAS OCCURRED. FOR SCHOLARSHIPS AND PROFESSORSHIPS, THE UNIVERSITY INVOICES THE FOUNDATION AFTER THE FUNDS HAVE BEEN PAID TO THE STUDENT OR FACULTY. FOR CAPITAL EXPENDITURES, THE UNIVERSITY INVOICES THE FOUNDATION AFTER THE PURCHASE IS MADE. THE FOUNDATION DOES VERIFY THE USAGE IS CORRECT BEFORE THE FUNDS ARE DISTRIBUTED TO THE UNIVERSITY. X X 0 0 0 0 0 0 0 0 0 JAIME HEPPLER CHIEF EXECUTIVE OFFICER 179375 0 10558 0 660 0 16523 0 27480 0 234596 0 0 0 LUKE MEYER VICE PRESIDENT OF DEVELOPMENT 135500 0 6201 0 660 0 14905 0 21360 0 178626 0 0 0 THOMAS HEPPLER FAMILY MEMBER OF OFFICER 82818 COMPENSATION 0 X 11 22158 MARKET VALUE X 50 MARKET VALUE X 8466 MARKET VALUE X 2 9900 MARKET VALUE X 10 253429 MARKET VALUE X 3 4601 MARKET VALUE X EQUIPMENT 11 299230 MARKET VALUE X SMALL GIFTS 63 14658 MARKET VALUE X GIFT CARDS 8 580 MARKET VALUE X GIFT BASKETS 5 406 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN(B) REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, ITEM C DBA: MONTANA TECH FOUNDATION FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE: SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD, THE EXECUTIVE COMMITTEE HAS GENERAL OVERSIGHT OVER ALL QUESTIONS AFFECTING THE POLICY, PROPERTY, STAFF AND GENERAL PURPOSES OF THE FOUNDATION, AND DURING INTERVALS BETWEEN MEETINGS OF THE BOARD, MAY EXERCISE THE POWER AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE PROPERTY AND AFFAIRS OF THE FOUNDATION, EXCEPT THE POWER TO ELECT DIRECTORS AND OFFICERS, AND THE POWER TO CHANGE THE BYLAWS OF THE FOUNDATION. THE EXECUTIVE COMMITTEE SHALL REGULARLY REPORT TO THE BOARD. WHEN DULY REPORTED TO THE BOARD, ACTS OF THE EXECUTIVE COMMITTEE SHALL STAND AS ACTS OF THE BOARD, UPON RATIFICATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON DATA PROVIDED BY MANAGEMENT. ONCE A DRAFT IS AVAILABLE, IT WILL BE REVIEWED BY MANAGEMENT BEFORE BEING SENT TO THE BOARD. AN EMAIL WILL THEN BE SENT TO THE BOARD STATING THAT THE 990 IS AVAILABLE FOR REVIEW IN ONBOARD FOR THE NEXT 10 DAYS AT WHICH TIME THE 990 WILL BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN AND DATE THE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF THEIR TERM OF SERVICE AND EACH YEAR THEREAFTER. THE BOARD OF DIRECTORS DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO THE BOARD VOTES TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT BEST INTERESTS. BOARD ACTION WILL BE TAKEN AS THE RESULT OF A MAJORITY VOTE OF DISINTERESTED DIRECTORS. DELIBERATIONS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. AN INTERESTED BOARD MEMBER, OFFICER, OR STAFF MEMBER CANNOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD OF DIRECTORS, OR OF ANY COMMITTEE OR SUBCOMMITTEE THEREOF IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. HOWEVER, THEY MAY BE PRESENT TO PROVIDE CLARIFYING INFORMATION IN SUCH A DISCUSSION OR DEBATE UNLESS OBJECTED TO BY ANY PRESENT BOARD OR COMMITTEE MEMBER. FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICY AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF LIFE INSURANCE ANNUITY 4,223. CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT -11,156. PASSTHROUGH INCOME -23,130. MONTANA TECHNOLOGICAL UNIVERSITY 1300 WEST PARK STREET BUTTE MT 59701 816001654 UNIVERSITY MT N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 MONTANA TECHNOLOGICAL UNIVERSITY B 3359198 ACTUAL EXPENSE