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Nonprofit · EIN 46-1549605

YELLOWSTONE THEOLOGICAL INSTITUTE

Tax-exempt (reinstated) · BOZEMAN, MT 59718

Financials

$1.9M$1.4M2022$304K$1.7M2023$1.6M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of YELLOWSTONE THEOLOGICAL INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$1,552,994$1,856,296-$303,302$13,407,610$4,273,806$9,133,804
July 31, 2024990$303,999$1,708,014-$1,404,015$14,967,890$6,793,378$8,174,512
July 31, 2023990$1,926,169$1,427,964$498,205$13,520,694$3,942,167$9,578,527
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$674,477
Program service revenue
$25,560
Investment income
$723,493
Net gain from sales of assets
$674,690
Other revenue
$129,464

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$112,006
Other salaries and wages
$637,570
Salaries, compensation and benefits (total)
$926,249
Professional fundraising fees
$0
Occupancy
$47,864
Travel
$49,348
Depreciation
$269,955
Program services (functional)
$1,475,547
Management and general (functional)
$286,330
Fundraising (functional)
$94,419

Balance sheet and other

Total assets, start of year
$14,967,890
Total assets, end of year
$13,407,610
Total liabilities, end of year
$4,273,806
Net assets, end of year
$9,133,804
Land, buildings and equipment
$5,415,634
Net assets without donor restrictions
$5,670,540
Net assets with donor restrictions
$3,463,264
Gross receipts
$4,392,994
Employees
16
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 July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
REV DR JAY SMITHPresident
Trustee or director, Officer
40$112,006
JOE BILLIONChairman
Trustee or director
5$0
PAUL NEWBYBOARD MEMBER
Trustee or director, Officer
5$0
CHRIS BUDESKITrustee
Trustee or director
5$0
BRIAN VAN EPSBOARD MEMBER
Trustee or director
5$0
BILL FOWLERBOARD MEMBER
Trustee or director
5$0
990 for the year ended July 31, 2024: 8 people
NameTitleHours / weekCompensation
REV DR JAY SMITHPresident
Trustee or director, Officer
40$77,016
JOE BILLIONChairman
Trustee or director
5$0
PAUL NEWBYBOARD MEMBER
Trustee or director, Officer
5$0
KAREN GILHOUSENBOARD MEMBER
Trustee or director
5$0
CHRIS BUDESKITrustee
Trustee or director
5$0
DR JENNI LEACHBOARD MEMBER
Trustee or director
5$0
BRIAN VAN EPSBOARD MEMBER
Trustee or director
5$0
BILL FOWLERBOARD MEMBER
Trustee or director
5$0
990 for the year ended July 31, 2023: 8 people
NameTitleHours / weekCompensation
REV DR JAY SMITHEX OFFICIO
Trustee or director, Officer
30$68,143
JOE BILLIONBOARD MEMBER
Trustee or director
5$0
CHRIS BUDESKITRUSTEE/DIRE
Trustee or director
5$0
REVEREND BRIAN EPPSTRUSTEE/DIRE
Trustee or director
5$0
DR BILL FOWLERTRUSTEE/DIRE
Trustee or director
5$0
KAREN GILHOUSENBOARD MEMBER
Trustee or director
5$0
JENNI LEACHBOARD MEMBER
Trustee or director
5$0
PAUL NEWBYINTERIM CHAI
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
83 ROWLAND RD, BOZEMAN, MT 59718-7598
In care of
% SUSAN E MOTTRAM
Signed the 990
JAY SMITH, President
Phone
(406) 404-1600
Return prepared by
ASPIRE CPAS PLLC

Mission

THE MISSION OF YELLOWSTONE THEOLOGICAL INSTITUTE (YTI) IS TO PROVIDE LEADERSHIP, TRAINING, AND RESOURCES FOR THE MISSIONAL RE-IMAGINING OF CHRISTIAN WITNESS IN THE NORTHWEST AND BEYOND. WE ACCOMPLISH THIS BY OFFERING A MASTER OF ARTS DEGREE WITH SEVERAL DIFFERENT EMPHASES, OTHER EDUCATIONAL PROGRAMS, SERVICES, AND CONDUCTING RESEARCH. 2016 INVOLVED THE CONTINUATION OF CLASSES FOR OUR MASTER OF APPLIED THEOLOGY (M.A.T.) DEGREE IN OUR SATELLITE CAMPUSES - BOISE, ID, BELLINGHAM, WA, AND BOZEMAN, MT. WE CONTINUE TO DEVELOP OUR M.A.T. PROGRAM, HAVE ADDED A DIPLOMA PROGRAM, AND HAVE DEVELOPED OUR MASTER OF DIVINITY PROGRAM, WHICH BEGAN CLASSES IN AUGUST 2017. ADDITIONALLY, YTI HAS CONTINUED CURRICULUM DEVELOPMENT, MEDIA AND MARKETING DEVELOPMENT, AND ENLARGED OUR DONOR BASE.

990 for the year ended July 31, 2025

Program accomplishments

  • YELLOWSTONE THEOLOGICAL INSTITUTE (YTI) IS COMMITTED TO BEING AN EDUCATIONAL INSTITUTE WHERE FAITH IS INTEGRATED WITH THE ARTS, SCIENCES AND RECREATIONAL ADVENTURE IN ORDER TO PRODUCE AN INFORMED CLERGY AND LAITY FOR THE 21ST CENTURY. YTI OFFERS A DIPLOMA OF CHRISTIAN THEOLOGY AND A MASTER OF ARTS DEGREE. YTI DESIRES TO OFFER A MASTER OF THEOLOGY DEGREE. THE ORGANIZATION IS CURRENTLY EXPANDING FACILITIES TO SERVE MORE STUDENTS.
    Expenses $1,475,547

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
46-1549605
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
July
Files
Form 990 or 990-EZ
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$13,407,610
Income (IRS master file)
$4,392,994

Revocation and reinstatement

Exemption revoked
May 15, 2021
Posted by the IRS
August 9, 2021
Reinstated
Effective May 15, 2021

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$1,552,994$1,856,296$13,407,610XML
990July 2024$303,999$1,708,014$14,967,890XML
990July 2023$1,926,169$1,427,964$13,520,694XML
990July 2022–––IRS
990July 2021–––IRS
990July 2020–––IRS
990December 2017–––IRS

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 46-1549605).

Questions about YELLOWSTONE THEOLOGICAL INSTITUTE

What is the EIN of YELLOWSTONE THEOLOGICAL INSTITUTE?
The employer identification number (EIN) of YELLOWSTONE THEOLOGICAL INSTITUTE is 46-1549605.
Is YELLOWSTONE THEOLOGICAL INSTITUTE tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
Are donations to YELLOWSTONE THEOLOGICAL INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does YELLOWSTONE THEOLOGICAL INSTITUTE 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 YELLOWSTONE THEOLOGICAL INSTITUTE due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did YELLOWSTONE THEOLOGICAL INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who are the officers and directors of YELLOWSTONE THEOLOGICAL INSTITUTE?
The 990 for the year ended July 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $112,006 (REV DR JAY SMITH, President).
How much revenue does YELLOWSTONE THEOLOGICAL INSTITUTE have?
On its 990 for the year ended July 31, 2025 it reported revenue of $1,552,994, expenses of $1,856,296 and total assets of $13,407,610 at year end.

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