Nonprofit · EIN 81-0250363
MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION
Tax-exempt · BUTTE, MT 59701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,612,425 | $7,757,993 | $4,854,432 | $121,902,431 | $381,918 | $121,520,513 |
| June 30, 2024 | 990 | $9,836,871 | $6,319,952 | $3,516,919 | $109,611,447 | $383,826 | $109,227,621 |
| June 30, 2023 | 990 | $43,480,742 | $12,320,425 | $31,160,317 | $100,387,232 | $527,768 | $99,859,464 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,749,689
- Program service revenue
- $0
- Investment income
- $1,872,811
- Net gain from sales of assets
- $1,492,411
- Net income from fundraising events
- -$14,852
- Net income from gaming
- $4,777
- Other revenue
- -$10,075
Expenses
- Grants and similar amounts paid
- $3,916,301
- Compensation of officers, directors and key employees
- $753,665
- Other salaries and wages
- $408,791
- Salaries, compensation and benefits (total)
- $1,424,944
- Professional fundraising fees
- $374,468
- Legal fees
- $5,215
- Accounting fees
- $152,708
- Occupancy
- $42,789
- Travel
- $322,054
- Depreciation
- $60,700
- Program services (functional)
- $5,104,632
- Management and general (functional)
- $1,051,877
- Fundraising (functional)
- $1,601,484
Balance sheet and other
- Total assets, start of year
- $109,611,447
- Total assets, end of year
- $121,902,431
- Total liabilities, end of year
- $381,918
- Net assets, end of year
- $121,520,513
- Land, buildings and equipment
- $1,739,945
- Net assets without donor restrictions
- $1,994,331
- Net assets with donor restrictions
- $119,526,182
- Gross unrelated business income
- $24,698
- Gross receipts
- $35,259,862
- Employees
- 12
- Volunteers
- 20
- Year formed
- 1967
- 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 | Other / benefits |
|---|---|---|---|---|
| JAIME HEPPLER | CHIEF EXECUTIVE OFFICER Officer | 40 | $193,862 | $55,675 |
| LUKE MEYER | VICE PRESIDENT OF DEVELOPMENT Officer | 40 | $147,018 | $36,391 |
| SHANNON PANISKO | VICE PRESIDENT Officer | 40 | $101,904 | $45,913 |
| LANCE ALLEN | CHIEF FINANCIAL OFFICER Officer | 40 | $131,641 | $13,805 |
| ROBERT SHEPHERD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSH VINCENT | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN MANSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JERRI DOYLE | SECRETARY (THRU 04/25) Trustee or director, Officer | 1 | $0 | $0 |
| KATHY ARNOLD | BOARD MEMBER (THRU 04/25) Trustee or director | 1 | $0 | $0 |
| DAVID BURGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JON CHERRY | BOARD MEMBER (THRU 04/25) Trustee or director | 1 | $0 | $0 |
| WILLIAM DAILY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DENNIS GARBARINO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELE HARDY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| NIKKI HOUSTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY KOLSTAD | BOARD MEMBER Trustee or director | 1 | $0 |
| JONNA LASLOVICH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| LEO MCCARTHY | BOARD MEMBER (THRU 04/25) Trustee or director | 1 | $0 |
| JACK STANDA | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAIME HEPPLER | CHIEF EXECUTIVE OFFICER Officer | 40 | $190,593 | $44,003 |
| LUKE MEYER | VICE PRESIDENT OF DEVELOPMENT Officer | 40 | $142,361 | $36,265 |
| LANCE J ALLEN | CHIEF FINANCIAL OFFICER Officer | 40 | $10,517 | $0 |
| BOB SHEPHERD | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRYAN LARSON | OUTGOING CHAIR (THRU 2/24) Trustee or director, Officer | 1 | $0 | $0 |
| JOSH VINCENT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN MANSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JERRI DOYLE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NICKI MILLER HOUSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY ARNOLD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE BURGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL DAILY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON CHERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY KOLSTAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONNA LASLOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEO MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS GARBARINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEO MCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUKE MEYER | VICE PRESIDENT OF DEVELOPMENT Officer | 40 | $103,574 | $31,262 |
| DEANNA JOHNSON | CHIEF FINANCIAL OFFICER Officer | 40 | $97,774 | $30,371 |
| JAIME HEPPLER | CHIEF EXECUTIVE OFFICER Officer | 40 | $79,913 | $6,600 |
| BRYAN LARSON | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICK DIGIOVINE | BOARD CHAIR (THRU 6/23) Trustee or director, Officer | 1 | $0 | $0 |
| BOB SHEPHERD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM HOHN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOSH VINCENT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KATHY ARNOLD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE BURGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SKYE CALLANTINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON CHERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY KOLSTAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONNA LASLOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEO MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MCGIVERN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB MORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAGGIE PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM SAYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROCKY SEALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE SORINI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM SULSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN WOOLVERTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN SMYTH | DIRECTOR (THRU 9/22) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1300 W PARK ST, BUTTE, MT 59701-8955
- Principal officer (990 for 2024)
- JAIME HEPPLER, 1300 W PARK STREET URC, BUTTE, MT 59701
- Signed the 990
- JAIME HEPPLER, CHIEF EXECUTIVE OFFICER
- Phone
- (406) 496-4615
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF THE MONTANA TECH FOUNDATION IS TO ADVANCE THE TEACHING, RESEARCH AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECH BY GENERATING PRIVATE CONTRIBUTIONS TO SUPPLEMENT THE INSTITUTION'S STATE AND FEDERAL REVENUES FOR CAPITAL, OPERATING AND STUDENT ASSISTANCE FUNDS. THE FOUNDATION IS THE CATALYST AND CHANNEL THROUGH WHICH GIFTS AND DONATION INCOME FLOW TO PROVIDE INSTANTANEOUS AND LONG-TERM SUPPORT FOR MONTANA TECH AND ALL OF ITS PROGRAMS.
Program accomplishments
- 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 2.5 MILLION IN SCHOLARSHIPS TO OVER 550 STUDENTS AND 2.6 MILLION TO ASSIST DEPARTMENTS WITH PURCHASES OF EQUIPMENT, SUPPLIES AND OTHER SUPPORT.Expenses $5,104,632 · grants $3,916,301
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
- 81-0250363
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $121,902,431
- Income (IRS master file)
- $35,259,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,612,425 | $7,757,993 | $121,902,431 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $9,836,871 | $6,319,952 | $109,611,447 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $43,480,742 | $12,320,425 | $100,387,232 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $13,181,089 | $7,193,518 | $66,302,899 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 81-0250363).
Questions about MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION
- What is the EIN of MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION is 81-0250363.
- Is MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION 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 TECHNOLOGICAL UNIVERSITY FOUNDATION 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 TECHNOLOGICAL UNIVERSITY FOUNDATION 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 TECHNOLOGICAL UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names JAIME HEPPLER.
- Who are the officers and directors of MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 4 received compensation from the organization, the highest $193,862 (JAIME HEPPLER, CHIEF EXECUTIVE OFFICER).
- How much revenue does MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,612,425, expenses of $7,757,993 and total assets of $121,902,431 at year end.
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