2026-05-14T23:38:25-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2024-07-01 810250363 MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION MONT 4064964615 1300 W PARK STREET URC BUTTE MT 59701 JAIME HEPPLER CHIEF EXECUTIVE OFFICER 4064964615 2026-05-13 1 1 REBECCA DETTMANN CPA P01408585 3037795710 2026-05-13 2024 2025-03-06 01:10:19Z MONTANA TECH FOUNDATION JAIME HEPPLER 1300 W PARK STREET URC BUTTE MT 59701 35259862 0 X HTTPS://FOUNDATION.MTECH.EDU/ X 1967 MT ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY. 11 11 12 20 24698 1322 7509781 10749689 0 0 2109833 1872811 217257 -10075 9836871 12612425 3359198 3916301 0 0 1114123 1424944 0 374468 1601484 1846631 2042280 6319952 7757993 3516919 4854432 109611447 121902431 383826 381918 109227621 121520513 X 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. 0 0 5104632 3916301 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 2.5 MILLION IN SCHOLARSHIPS TO OVER 550 STUDENTS AND 2.6 MILLION TO ASSIST DEPARTMENTS WITH PURCHASES OF EQUIPMENT, SUPPLIES AND OTHER SUPPORT. 5104632 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 13 0 1 12 1 1 1 0 0 0 0 1 1 1 4 0 0 1 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA KY LA MD MA MI MN NH NJ NY NC ND OR IL OK ID X LANCE ALLEN 4064964615 1300 W PARK ST BUTTE MT 59701 ROBERT SHEPHERD BOARD CHAIR 1.00 X X 0 0 0 JOSH VINCENT BOARD VICE CHAIR 1.00 X X 0 0 0 KRISTEN MANSON TREASURER 1.00 X X 0 0 0 JERRI DOYLE SECRETARY (THRU 04/25) 1.00 X X 0 0 0 KATHY ARNOLD BOARD MEMBER (THRU 04/25) 1.00 X 0 0 0 DAVID BURGER BOARD MEMBER 1.00 X 0 0 0 JON CHERRY BOARD MEMBER (THRU 04/25) 1.00 X 0 0 0 WILLIAM DAILY BOARD MEMBER 1.00 X 0 0 0 DENNIS GARBARINO BOARD MEMBER 1.00 X 0 0 0 MICHELE HARDY BOARD MEMBER 0.50 X 0 0 0 NIKKI HOUSTON BOARD MEMBER 0.50 X 0 0 0 GARY KOLSTAD BOARD MEMBER 1.00 X 0 0 0 JONNA LASLOVICH BOARD MEMBER 0.50 X 0 0 0 LEO MCCARTHY BOARD MEMBER (THRU 04/25) 1.00 X 0 0 0 JACK STANDA BOARD MEMBER 0.50 X 0 0 0 LANCE ALLEN CHIEF FINANCIAL OFFICER 40.00 X 131641 0 13805 JAIME HEPPLER CHIEF EXECUTIVE OFFICER 40.00 X 193862 0 55675 LUKE MEYER VICE PRESIDENT OF DEVELOPMENT 40.00 X 147018 0 36391 SHANNON PANISKO VICE PRESIDENT 40.00 X 101904 0 45913 574425 0 151784 4 0 1 0 MPK&D 3114 HARFORD RD HYDES MD 21082 PROFESSIONAL FUNDRAISING CONSULTANTS 399260 1 46280 10703409 252113 10749689 380400 -35575 415975 24093968 22601557 1492411 1492411 60273 1432138 23250 46280 38102 -14852 -14852 12555 7778 4777 4777 12612425 0 24698 1838038 3880128 3880128 36173 36173 753665 219292 534373 408791 109252 299539 40839 11072 29767 148034 75072 72962 73615 21423 52192 5215 5215 152708 152708 374468 374468 163405 163405 230866 166831 64035 7713 4153 2050 1510 280760 209658 57183 13919 190001 3214 50608 136179 42789 40971 1818 322054 270128 9552 42374 303876 291164 12712 188 188 60700 36982 11649 12069 55290 1449 53841 GIFTS 156451 116002 12728 27721 DUES AND SUBSCRIPTIONS 43002 15326 25225 2451 PROF. DEVELOPMENT 27262 27050 -1748 1960 7757993 5104632 1051877 1601484 -7083 486734 5178420 12537600 15586875 10659244 121532 0 121512 170454 2575076 835131 1873930 1739945 84434420 2073950 96080563 227891 227891 109611447 121902431 181932 198172 201894 183746 383826 381918 X 2139945 1994331 107087676 119526182 109227621 121520513 109611447 121902431 X 4854432 7420643 17817 X X 0 1 X 1 0 X 5272671 11942364 42903714 7509781 10749689 78378219 5272671 11942364 42903714 7509781 10749689 78378219 39108699 39269520 67655 68313 71950 328232 415975 952125 62238 197380 156246 175301 2271 593436 79923780 350000 0.49130 0.45240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 85649782 11138663 8861836 2641597 1453367 101555317 68984897 11890712 9793144 2190472 1571001 1257498 85649782 57362938 10984588 5271182 1915650 1640586 1077575 68984897 52092737 8981096 -1020439 2690456 57362938 42100223 1525169 11541888 3074543 52092737 0.00890 0.79007 0.20103 1 0 18996 18996 2306447 719809 1586638 249633 115322 134311 1739945 PUBLIC EQUITY FUNDS 40811169 F PRIVATE EQUITY FUNDS 13707243 F BOND FUNDS 20003781 F REAL ASSET FUNDS 10265329 F DIVERSIFYING FUNDS 9159667 F BENEFICIAL INTEREST IN TRUSTS 2133374 F 96080563 GIFT ANNUITY PAYABLE 183746 183746 X 19943365 7420643 10005 17817 7448465 12494900 163405 -45880 117525 12612425 7650473 10005 10005 7640468 163405 -45880 117525 7757993 PART IV, LINE 2B: THE FOUNDATION HOLDS CONTRIBUTIONS FOR STUDENT CLUBS AND AGREES TO TRANSFER THOSE ASSETS TO THOSE CLUBS. 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 501(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 ON A FORM 990-T AND INCOME TAXES ARE PAID ON UNRELATED BUSINESS INCOME. THE FOUNDATION COMPLIES WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (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, 2025 AND 2024, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT 17,817. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE -38,102. GAMING EXPENSE -7,778. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE -38,102. GAMING EXPENSE -7,778. NORTH AMERICA 0 0 CONTRIBUTION REVENUE N/A CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 9402979 0 0 0 0 0 0 9402979 0 9402979 1 0 1 1 0 0 PART I, LINE 3: INVESTMENTS ARE ACCOUNTED FOR IN THE ORGANIZATION'S AUDITED 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. X X X X 1 MPK&D 3114 HARFORD RD HYDES MD 21082 COMPREHENSIVE CAPITAL CAMPAIGN 0 3000000 374468 2625532 3000000 374468 2625532 CA KY LA MD MA MI MN NH NJ NY ND OR UT WI NATURAL RESOURCES GOLF TOURNAMENT 50030 35180 14850 18488 5545 BILLINGS CHAPTER GOLF TOURNAMENT 19500 11100 8400 14069 69530 46280 23250 32557 5545 38102 -14852 1 MONTANA TECHNOLOGICAL UNIVERSITY 1300 W PARK STREET BUTTE MT 59701 816001654 STATE OF MONTANA 3493605 386523 FMV ART, BOOKS, GOODS, INTELLECTUAL PROPERTY, COLLECTIBLES, EQUIPMENT, GIFTS STUDENT SCHOLARSHIPS, PROFESSORSHIP, SUPPLEMENTS, AND PROGRAM DISTRIBUTIONS 1 0 AWARDS AND PRIZES 360 36173 0 N/A N/A PART I, LINE 2: GRANTS ARE AWARDED AND CORRESPONDING COMMUNICATION IS SENT TO THE FOUNDATION. THE FUNDS ARE ESTABLISHED, THE MONEY IS RECEIVED AND THE SPENDING MAY BEGIN. THE PI OF THE GRANT HAS THE REPORTING RESPONSIBILITY, WHICH THE FOUNDATION FACILITATES. X X 0 0 0 0 0 0 0 1 0 JAIME HEPPLER CHIEF EXECUTIVE OFFICER 181362 0 12500 0 0 0 20131 0 35544 0 249537 0 0 0 LUKE MEYER VICE PRESIDENT OF DEVELOPMENT 138108 0 7000 0 1910 0 14887 0 21504 0 183409 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID OUT BONUSES IN 2024 AS FOLLOWS FOR PERSONS LISTED ON FORM 990, PART VII, SECTION A: 1. JAIME HEPPLER..........$12,500 2. LUKE MEYER.............$7,000 3. LANCE ALLEN............$5,058 4. SHANNON PANISKO.......$11,161 THOMAS HEPPLER FAMILY MEMBER OF JAIME HEPPLER, CURRENT OFFICER 148480 COMPENSATION 0 X 12 FMV X 1 11 FMV X 8 251749 REDEMPTION VALUE X 1 56 FMV X 1 2 FMV X GIFT BASKET/CERTIFICIATES 2 269 FMV X EQUIPMENT 1 9 FMV X SUPPLIES 1 5 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. 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 A, LINE 7A THE PERSON HOLDING THE POSITION OF PRESIDENT OF THE MONTANA TECH ALUMNI ASSOCIATION SHALL, UPON AND BY REASON OF HIS ELECTION, APPOINTMENT OR ACCESSION TO SAID POSITION, BECOME A DIRECTOR. 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 AND THE FINANCE COMMITTEE PRIOR TO FILING. 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 B, LINE 15 COMPENSATION FOR THE ORGANIZATION IS EVALUATED THROUGH SALARY SURVEYS, BOARD REVIEW UTILIZING EXPERIENCE, AND THEN FOLLOWS WITH BOARD APPROVAL. THE LATEST COMPENSATION REVIEW WAS DONE ON FEBRUARY 15TH, 2026. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE IN SPLIT INTEREST AGREEMENT 17,817. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.