Nonprofit · EIN 45-5507328
MONTANA STATE UNIVERSITY INNOVATION CAMPUS
Tax-exempt · BOZEMAN, MT 59717
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $794,688 | $845,619 | -$50,931 | $20,099,549 | $6,672,165 | $13,427,384 |
| June 30, 2024 | 990 | $736,882 | $641,304 | $95,578 | $19,632,795 | $6,154,480 | $13,478,315 |
| June 30, 2023 | 990 | $730,296 | $471,555 | $258,741 | $19,012,664 | $5,629,927 | $13,382,737 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $348,152
- of which government grants
- $20,351
- Program service revenue
- $446,536
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $137,131
- Other salaries and wages
- $5,574
- Salaries, compensation and benefits (total)
- $156,394
- Professional fundraising fees
- $0
- Legal fees
- $675
- Accounting fees
- $3,150
- Occupancy
- $91,322
- Travel
- $1,198
- Program services (functional)
- $719,120
- Management and general (functional)
- $126,499
Balance sheet and other
- Total assets, start of year
- $19,632,795
- Total assets, end of year
- $20,099,549
- Total liabilities, end of year
- $6,672,165
- Net assets, end of year
- $13,427,384
- Land, buildings and equipment
- $3,901,079
- Net assets without donor restrictions
- -$1,978,208
- Net assets with donor restrictions
- $15,405,592
- Gross receipts
- $794,688
- Employees
- 0
- Volunteers
- 14
- Year formed
- 2012
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mark Sharpe | Executive Director Officer | 40 | $0 | $165,637 | $9,096 |
| Brit Fontenot | Chair Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Robert Lowry | Vice Chair Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Robert Morrison | Secretary/Treasurer Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Susan Carstensen | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Richard Harjes | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Richard Harte | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Jordan Jacobson | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Todd O'Hair | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Scott Osterman | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| David Peretto | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Jeff Sipes | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Terry Leist | Ex-Officio Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Alison Harmon | Ex-Officio Director Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mark Sharpe | Executive Director Officer | 40 | $0 | $58,063 | $28,045 |
| Richard Harte | Chair Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Steve Barrett | Vice Chair Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Robert Morrison | Secretary/Treasurer Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| Susan Carstensen | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Scott Osterman | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Brit Fontenot | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Richard Harjes | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Cory Pulfrey | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Paul Reichert | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Mary Beth Walsh | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Robert Lowry | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| David Peretto | Director Trustee or director | 0.25 | $0 | $0 | $0 |
| Jeff Sipes | Director Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK SHARPE | EXECUTIVE DIRECTOR Officer | 40 | $0 | $56,028 | $26,889 |
| RICHARD HARTE | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| STEVE BARRETT | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| SCOTT LEVANDOWSKI | SECRETARY/TREASURER TILL 03/23 Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| SUSAN CARSTENSEN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| BRIT FONTENOT | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| RICHARD HARJES | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ALISON HARMON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| TERRY LEIST | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ROBERT MORRISON | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT OSTERMAN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CORY PULFREY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| PAUL REICHERT | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MARY BETH WALSH | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 172755, BOZEMAN, MT 59717-2755
- Mailing address (990-N for 2012)
- 910 TECHNOLOGY BLVD SUITE A, BOZEMAN MT 59718
- Principal officer (990 for 2024)
- Brit Fontenot, PO Box 172755, Bozeman, MT 59717
- Principal officer (990-N for 2012)
- TERESA MCKNIGHT, 910 TECHNOLOGY BLVD SUITE A, BOZEMAN MT 59718
- Signed the 990
- Brit Fontenot, MSUIC Chairperson
- Phone
- (406) 994-2053
- Website
- msuinnovationcampus.com
- Return prepared by
- Eide Bailly LLP
Mission
To promote economic development and partnerships between business and the research community of Montana State University, the region, and the State of Montana.
Program accomplishments
- MSU Innovation Campus (MSUIC) continues to advance its multiphase research park in Bozeman, Montana, aimed at promoting economic development, research, and educational opportunities in support of Montana State University (MSU). In late 2024, the Bozeman City Commission unanimously approved a new zoning designation for MSUIC allowing for increased development density.The first facility, the Applied Research Lab, opened in early 2020. It brings together MSU faculty and students with Montana-based industry partners to collaborate across multiple areas of MSU's research expertise. (Continued on Schedule O)EngineWorks Bozeman, an 87,000-square-foot multi-tenant office building, was completed in April 2025. It now houses the MSU Quantum Core program, sponsored by the Air Force Research Laboratory (AFRL). In December 2024, Aurora Innovation Inc., a company specializing in self-driving car technology, began operations in a newly constructed 78,000-square-foot facility on MSUIC.Plans are currently underway for a new life sciences building, with a ground lease anticipated in 2026. MSUIC's road and sidewalk network has been completed, connecting the entire campus to the surrounding street infrastructure.Expenses $719,120 · revenue $446,536
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
- 45-5507328
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99)
- Assets (IRS master file)
- $20,099,549
- Income (IRS master file)
- $794,688
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $794,688 | $845,619 | $20,099,549 | XML |
| 990 | June 2024 | $736,882 | $641,304 | $19,632,795 | XML |
| 990 | June 2023 | $730,296 | $471,555 | $19,012,664 | XML |
| 990 | June 2022 | $459,071 | $329,471 | $18,411,116 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: TERESA MCKNIGHT | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-5507328).
Questions about MONTANA STATE UNIVERSITY INNOVATION CAMPUS
- What is the EIN of MONTANA STATE UNIVERSITY INNOVATION CAMPUS?
- The employer identification number (EIN) of MONTANA STATE UNIVERSITY INNOVATION CAMPUS is 45-5507328.
- Is MONTANA STATE UNIVERSITY INNOVATION CAMPUS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to MONTANA STATE UNIVERSITY INNOVATION CAMPUS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MONTANA STATE UNIVERSITY INNOVATION CAMPUS 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 INNOVATION CAMPUS 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 INNOVATION CAMPUS 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 INNOVATION CAMPUS?
- The 990 for the year ended June 30, 2025 names Brit Fontenot.
- Who are the officers and directors of MONTANA STATE UNIVERSITY INNOVATION CAMPUS?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does MONTANA STATE UNIVERSITY INNOVATION CAMPUS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $794,688, expenses of $845,619 and total assets of $20,099,549 at year end.
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