Montana State University Foundation
1501 S 11th Ave, Bozeman, MT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $147,436,078 | $87,469,731 | $507,773,678 |
| FY2024 | $101,083,515 | $41,668,972 | $433,539,411 |
| FY2023 | $61,224,540 | $29,360,325 | $358,161,035 |
| FY2022 | $68,811,892 | $46,879,130 | $309,909,482 |
| FY2021 | $36,483,820 | $26,057,212 | $310,930,064 |
| FY2020 | $31,692,855 | $22,517,889 | $253,492,033 |
| FY2019 | $41,261,685 | $32,729,666 | $250,658,416 |
| FY2018 | $30,477,479 | $42,215,439 | $238,110,401 |
| FY2017 | $35,549,113 | $32,673,895 | $240,403,408 |
| FY2016 | $84,697,019 | $26,905,471 | $226,989,061 |
| FY2015 | $23,208,126 | $22,903,690 | $175,388,759 |
| FY2014 | $25,822,754 | $27,258,889 | $177,381,319 |
| FY2013 | $15,492,155 | $13,686,525 | $161,296,691 |
| FY2012 | $41,517,219 | $18,001,919 | $148,053,749 |
Form 990 filings
The returns filed by Montana State University Foundation (EIN 81-6001649), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $124,843,945 | 85% |
| Program service revenue | $4,503,494 | 3% |
| Other revenue | $18,088,639 | 12% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $74,929,588 | 86% |
| Management & general | $7,481,910 | 9% |
| Fundraising | $5,058,233 | 6% |
What the numbers show
- Contributions & grants made up 85% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 9%, and fundraising 6%.
- 86% of functional expenses went to program services in FY2025. That is higher than 55.6% of 4430 Education organizations nationwide (too few in MT for a state comparison).
- Net assets covered about 69.7 months of expenses at the end of the reporting year. That puts it in the 68th percentile among 248 Education organizations in MT.
- Total revenue was the highest among 252 Education organizations in MT.
- Total revenue rose from $41,517,219 in FY2012 to $147,436,078 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2014, FY2018).
- Net assets grew from $148,053,749 to $507,773,678 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Cultivate lifelong relationships and secure private support to advance Montana State University.
IRS status
| Ruling year | 1958 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B114 — Education |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
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- Salish Kootenai College Inc — Pablo, MT · $33,133,267
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- Montana Technological University Foundation — Butte, MT · $12,612,425
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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