Foundation of Montana State University-Billings

“The governing board adopted new by-laws on june 4, 2019.”

“A copy of the form 990 was provided to the organization's governing body before it was filed. An electronic copy of the form 990 with all supporting attachments was e-mailed to all foundation trustees prior to submission to the irs. Additionally, foundation personnel worked closely with the treasurer of the board of trustees to prepare the document. A draft form 990 was then reviewed by the foundation's fiscal affairs committee.”

“At the start of each fiscal year, all foundation trustees, officers, and key volunteers complete the foundations conflict of interest policy form where they disclose potential conflicts. Throughout the year, new volunteers complete the same form as they receive orientation for their specific voluntary role. When conflicts are disclosed, appropriate foundation leaders review each conflict individually, to determine the appropriate manner to address the situation.”

“The foundation's trustees are responsible for hiring the president/ceo to manage the foundations affairs. The executive committee evaluates the president/ceo at least every two years with the expectations documented in a two-year employment contract. Incorporated into the contract is the president/ceo salary, which was negotiated by independent trustees, factoring local and regional salary trends or similar non-profit executives.”

“The foundation files their form 990 online so that it is available to the public on the guidestar website. Additionally, the foundation provides all public documents on request.”

“Bank charges : management and general expenses 3,345. Total expenses 3,345. Contract services: program service expenses 9,758. Management and general expenses 22,769. Total expenses 32,527.”

“Dues & subscriptions: program service expenses 7,150. Management and general expenses 7,734. Fundraising expenses 0. Total expenses 14,884. Planned giving distributions: program service expenses 0. Management and general expenses 13,684. Fundraising expenses 0. Total expenses 13,684. Supplies: program service expenses 1,341. Management and general expenses 2,162. Fundraising expenses 458. Total expenses 3,961. Sponsorship expenses: program service expenses 0. Management and general expenses 3,554. Fundraising expenses 0. Total expenses 3,554. Donor relations : program service expenses 1,832. Management and general expenses 353. Fundraising expenses 5. Total expenses 2,190. Repairs and maintenance: program service expenses 1,200. Management and general expenses 300. Fundraising expenses 0. Total expenses 1,500.”