2018-11-13T18:02:37-06:00 2018-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC PO BOX 748 BUTTE MT 59703 990 2017-07-01 810250363 MONTANA TECH FOUNDATION MONT 4064964615 1300 WEST PARK STREET BUTTE MT 59701 DAN MANSON TREASURER 4064964615 2018-11-09 1 JAMES E WOY P00102054 4067820451 2018-11-08 71.92.235.236 2018-11-09 09:33:29 MS P 5D6A5661A397750E81DC3C2D90CC6C9E611513FE 6CF31E7089DA0F5F83D2C935D0AA184298E156B0 2017 2019-02-21 02:37:17Z JOE MCCLAFFERTY 1300 WEST PARK STREET BUTTE MT 59701 17968650 0 X WWW.MTECH.EDU/FOUNDATION X 1967 MT ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY. 29 29 10 49 363 0 6619081 6855125 336409 12295 1021462 2167657 0 0 7976952 9035077 4755356 6583052 0 0 784480 787583 0 0 1000567 1231721 1508910 6771557 8879545 1205395 155532 47487846 49171096 135896 253844 47351950 48917252 X THE MISSION OF THE MONTANA TECH FOUNDATION IS TO ADVANCE THE TEACHING, RESEARCH, AND PUBLIC SERVICE ENDEAVORS OF MONTANA TECHNOLOGICAL UNIVERSITY BY GENERATING PRIVATE CONTRIBUTIONS TO SUPPLEMENT THE INSTITUTION'S STATE AND FEDERAL REVENUES FOR CAPITAL, OPERATING, AND STUDENT ASSISTANCE FUNDS. ESTABLISHED IN 1967 UNDER STATE OF MONTANA LAW, THE FOUNDATION IS THE CATALYST AND CONDUIT THROUGH WHICH GIFTS AND ENDOWMENT INCOME FLOW TO PROVIDE IMMEDIATE AND LONG-TERM SUPPORT FOR MONTANA TECHNOLOGICAL UNIVERSITY AND ALL OF ITS PROGRAMS. THE FOUNDATION IS A MECHANISM THROUGH WHICH PRIVATE SUPPORT IS RAISED AND MANAGED FOR THE SOLE BENEFIT OF MONTANA TECHNOLOGICAL UNIVERSITY. OVERSEEN BY A BOARD OF DIRECTORS AND STAFFED BY A TEAM OF DEVELOPMENT PROFESSIONALS, THE FOUNDATION ADMINISTERS ALL GIFTS IN A BUSINESS-LIKE MANNER IN ACCORDANCE WITH DONORS' WISHES. 0 0 7368602 6583052 12295 SEEK AND INSTITUTE BENEFITS, CONTRIBUTIONS, GIFTS AND GRANTS TO AID AND ASSIST MONTANA TECHNOLOGICAL UNIVERSITY 7368602 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 28 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X DEANNA JOHNSON 4064964615 1300 WEST PARK STREET BUTTE MT 59701 RYAN LANCE DIRECTOR 1.00 X 0 0 0 TOM BANDY CHAIRMAN 1.00 X X 0 0 0 PAT O'BRIEN VICE CHAIRMAN 1.00 X X 0 0 0 BRAD ARCHIBALD TREASURER 1.00 X X 0 0 0 MIKE CASHELL DIRECTOR 1.00 X 0 0 0 SUNDRA ANDERSON SECRETARY 1.00 X X 0 0 0 NICK DIGIOVINE DIRECTOR 1.00 X 0 0 0 JIM FRASER DIRECTOR 1.00 X 0 0 0 PAUL HLADKY DIRECTOR 1.00 X 0 0 0 DARRELL MCKENNA DIRECTOR 1.00 X 0 0 0 NICK OLDS DIRECTOR 1.00 X 0 0 0 KEN THOLSTROM DIRECTOR 1.00 X 0 0 0 HALEY BEAUDRY DIRECTOR 1.00 X 0 0 0 MARK ERICKSON DIRECTOR 1.00 X 0 0 0 MARY ELLEN LUTEY DIRECTOR 1.00 X 0 0 0 DAN MANSON DIRECTOR 1.00 X 0 0 0 JERRY SCHUYLER DIRECTOR 1.00 X 0 0 0 MEL BREKHUS DIRECTOR 1.00 X 0 0 0 ERIC JACOBSON DIRECTOR 1.00 X 0 0 0 BRYAN LARSON DIRECTOR 1.00 X 0 0 0 PAT MCCARTHY DIRECTOR 1.00 X 0 0 0 MIKE THATCHER DIRECTOR 1.00 X 0 0 0 CHRISTINE TUTTY JOHNSON DIRECTOR 1.00 X 0 0 0 SKYE CALLANTINE DIRECTOR 1.00 X 0 0 0 ADAM SAYERS DIRECTOR 1.00 X 0 0 0 MARTY SCHUMA DIRECTOR 1.00 X 0 0 0 ROCKY SEALE DIRECTOR 1.00 X 0 0 0 ROBERT SHEPERD DIRECTOR 1.00 X 0 0 0 STEPHANIE SORINI DIRECTOR 1.00 X 0 0 0 MICHAEL BARTH EXECUTIVE DIRECTOR 40.00 X 103570 0 24778 DEANNA JOHNSON FINANCE DIRECTOR 40.00 X 64107 0 21284 JOE MCCLAFFERTY PRESIDENT 40.00 X 1530 125770 20604 169207 125770 66666 1 0 0 0 0 6855125 6855125 MISCELLANEOUS PROGRAM 611600 12295 12295 12295 456929 363 456566 10595077 49224 8832914 100659 1762163 -51435 1710728 1710728 9035077 12295 363 2167294 6583052 6583052 171918 90318 81600 428637 107031 321606 49244 19358 29886 102128 41357 60771 35656 12773 22883 19865 19865 82876 82876 163115 35001 34630 93484 57803 9220 48583 76411 41585 7327 27499 97362 21737 11545 64080 3039 300 2739 277359 171572 4234 101553 288 288 60967 26312 22702 11953 27433 1384 26049 ENTERTAINMENT 194398 145878 10078 38442 CHANGE IN ACTUARY VALUE 158865 158865 GIFTS 153482 68409 5161 79912 SUPPLIES 44756 44756 90891 60243 15072 15576 8879545 7368602 510376 1000567 3292558 654116 1230120 2477078 1794564 3028816 24300 0 99224 2438352 323962 2272660 2114390 36868866 35064433 2004778 5733039 47487846 49171096 95055 54370 40841 199474 135896 253844 X 2292580 2511766 11796289 10796997 33263081 35608489 47351950 48917252 47487846 49171096 155532 1409770 0 X X 0 1 X 1 0 X 4097961 8442308 6930270 6574081 6855125 32899745 4097961 8442308 6930270 6574081 6855125 32899745 5252791 27646954 416598 318927 365064 335259 406929 1842777 52000 55100 10000 45000 50000 212100 34954622 252847 0.79090 0.74250 X 1 45496491 5611788 1907484 7821106 45194657 40723802 5123125 4651297 5001733 45496491 41365962 6339041 -865181 6116020 40723802 37448580 7904574 463454 4450646 41365962 32680035 3781545 4672187 3685187 37448580 1 0 18996 18996 2306447 257552 2048895 112909 66410 46499 2114390 OTHER INVESTMENTS 213909 F TRUSTS HELD BY A THIRD PARTY 1886885 F CASH HELD FOR INVESTMENTS 3632245 F 5733039 GIFT ANUITY - DUE TO BENEFICIARIES 199474 199474 10285982 1409770 -158865 1250905 9035077 0 9035077 8720680 -158865 -158865 8879545 0 8879545 PART V, LINE 4: THE ORGANIZATION USES ENDOWMENT FUNDS TO GENERATE INCOME FROM INVESTMENTS TO SUPPORT THE COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ACTUARY VALUE PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ACTUARY VALUE PART XI LINE 2D CHANGE IN ACTUARY VALUE DUE TO CHANGE IN VALUATION SOFTWARE PART XII LINE 4D CHANGE IN ACTUARY VALUE DUE TO CHANGE IN VALUATION SOFTWARE 1 MONTANA TECHNOLOGICAL UNIVERSITY 1300 WEST PARK STREET BUTTE MT 59701 816001654 501(C)(1) 6583052 STUDENT SCHOLARSHIPS, PROFESSORSHIP SUPPLEMENTS AND PROGRAM DISTRIBUTIONS PART I, LINE 2: STUDENTS RECEIVING SCHOLARSHIPS NEED TO BE FULL-TIME STUDENTS OF MONTANA TECHNOLOGICAL UNIVERSITY. SALARY SUPPLEMENTS ARE FOR PROFESSORSHIP OR RESEARCH DONE BY PERSONS ASSOCIATED WITH THE ORGANIZATION. X 16 250084 FMV ON DATE OF GIFT 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B IT IS MONTANA TECH FOUNDATION'S POLICY THAT THE BOARD OF DIRECTORS REVIEW THE IRS FORM 990 FILED ON THE ORGANIZATION'S BEHALF BEFORE IT IS FILED WITH THE IRS. THE MEANS OF DELIVERY SHALL BE VIA EMAIL TO EACH DIRECTOR'S EMAIL ADDRESS, ALLOWING FOR A TEN-DAY WINDOW FOR REVIEW BEFORE THE 990 IS FILED. 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. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION IS AS FOLLOWS: THE PRESIDENT IS AN EMPLOYEE OF THE MONTANA TECHNOLOGICAL UNIVERSITY. COMPENSATION AND BENEFITS ARE DETERMINED BY THE BOARD OF REGENTS OF THE STATE OF MONTANA. THE BOARD OF THE FOUNDATION DETERMINES AND APPROVES THE PERCENTAGE OF THE PRESIDENT'S WAGE TO REIMBURSE MONTANA TECHNOLOGICAL UNIVERSITY. PERIODICALLY THE BOARD WILL AWARD THE PRESIDENT WITH A PERFORMANCE BONUS. THE BOARD OF REGENTS HAS TO APPROVE THE PERFORMANCE BONUS, WHICH IS CHARGED 100% TO THE FOUNDATION. THE PRESIDENT SETS COMPENSATION FOR ALL OTHER FOUNDATION MANAGEMENT AND EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF IT'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MONTANA TECHNOLOGICAL UNIVERSITY 1300 WEST PARK STREET BUTTE MT 59701 816001654 UNIVERSITY MT 501(C)(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 MONTANA TECHNOLOGICAL UNIVERSITY O 127300 MONTANA TECHNOLOGICAL UNIVERSITY R 6583052 MONTANA TECHNOLOGICAL UNIVERSITY N