Civic Intelligence

Montana Farm Bureau Foundation

990 • Fiscal year 2017 • EIN 81-0518824

Oct 01, 2016 to Sep 30, 2017 • Filed on Mar 26, 2018

Organization Profilewww.mfbf.org\foundation
502 S 19th Ave Suite 104Bozeman, MT 59718

(406) 587-3153

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

77th percentile

$121,617

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 77.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

9.0%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$1,236,593

Up $116,446 (+10%) from 2016

Net Assets

Up

$1,226,120

Up $106,223 (+9.5%) from 2016

Liabilities

Up

$10,473

Up $10,223 (+4089%) from 2016

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin90th percentile

Revenue

Up

$156,640

Up $12,943 (+9.0%) from 2016

Expenses

Up

$85,101

Up $12,455 (+17%) from 2016

Net Income

Up

$71,539

Up $488 (+0.7%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $189,390Liabilities 2011: $0Net Assets 2011: $189,3902011Assets 2012: $237,140Liabilities 2012: $0Net Assets 2012: $237,1402012Assets 2013: $311,437Liabilities 2013: $0Net Assets 2013: $311,4372013Assets 2014: $946,142Liabilities 2014: $0Net Assets 2014: $946,1422014Assets 2015: $1,016,572Liabilities 2015: $750Net Assets 2015: $1,015,8222015Assets 2016: $1,120,147Liabilities 2016: $250Net Assets 2016: $1,119,8972016Assets 2017: $1,236,593Liabilities 2017: $10,473Net Assets 2017: $1,226,1202017Assets 2018: $866,564Liabilities 2018: $15,020Net Assets 2018: $851,5442018Assets 2019: $958,370Liabilities 2019: $16,834Net Assets 2019: $941,5362019Assets 2020: $968,303Liabilities 2020: $16,365Net Assets 2020: $951,9382020Assets 2021: $1,144,530Liabilities 2021: $17,326Net Assets 2021: $1,127,2042021Assets 2022: $1,130,491Liabilities 2022: $19,842Net Assets 2022: $1,110,6492022Assets 2023: $1,256,630Liabilities 2023: $15,902Net Assets 2023: $1,240,7282023Assets 2024: $1,486,787Liabilities 2024: $3,445Net Assets 2024: $1,483,3422024

Highlighted filing

2017

Assets$1,236,593
Liabilities$10,473
Net Assets$1,226,120
Open 2017 Filing

Operations Trend

Revenue Growth60th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $27,8682011Expenses 2012: $44,3522012Expenses 2013: $45,8212013Revenue 2014: $129,495Expenses 2014: $49,729Net Income 2014: $79,7662014Revenue 2015: $137,577Expenses 2015: $70,987Net Income 2015: $66,5902015Revenue 2016: $143,697Expenses 2016: $72,646Net Income 2016: $71,0512016Revenue 2017: $156,640Expenses 2017: $85,101Net Income 2017: $71,5392017Revenue 2018: $239,791Expenses 2018: $94,932Net Income 2018: $144,8592018Revenue 2019: $170,286Expenses 2019: $87,635Net Income 2019: $82,6512019Revenue 2020: $136,113Expenses 2020: $147,295Net Income 2020: -$11,1822020Revenue 2021: $156,083Expenses 2021: $82,164Net Income 2021: $73,9192021Revenue 2022: $149,637Expenses 2022: $85,035Net Income 2022: $64,6022022Revenue 2023: $174,613Expenses 2023: $105,022Net Income 2023: $69,5912023Revenue 2024: $251,624Expenses 2024: $117,953Net Income 2024: $133,6712024

Highlighted filing

2017

Revenue$156,640
Expenses$85,101
Net Income$71,539
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Mar 26, 2018
Return Version
2016v3.0
Gross Receipts
$156,640
Mission and Program Overview

Mission

The montana farm bureau foundation is a non-profit mutual benefit corporation organized exclusively for charitable, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under 501(c)(3) of the internal revenue code.

Organized exclusively for charitable, educational and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under 501(c)(3) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$556,869$556,869→ $0
Investments in Publicly Traded Securities$446,252$477,176▲ $30,924
Savings and Temporary Cash Investments$116,751$174,762▲ $58,011
Accounts Receivable$275$567▲ $292
Total Assets$1,120,147$1,236,593▲ $116,446
Other Assets Total$0$27,219▲ $27,219
Liabilities
Other Liabilities$0$8,723▲ $8,723
Accounts Payable and Accrued Expenses$250$1,750▲ $1,500
Total Liabilities$250$10,473▲ $10,223
Net Assets / Fund Balance
Unrestricted Net Assets$1,025,620$1,130,852▲ $105,232
Permanently Rstr Net Assets$53,381$52,381▼ $1,000
Temporarily Rstr Net Assets$40,896$42,887▲ $1,991
Total Net Assets Fund Balance$1,119,897$1,226,120▲ $106,223
Total Liabilities and Net Assets / Fund Balance$1,120,147$1,236,593▲ $116,446

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$95,819$25,250▼ $1,541-$119,528
2015$95,569$250--$95,819
2014$95,319$250--$95,569
2013$95,069$250--$95,319
2012$94,819$250--$95,069
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeOtherTotal
John YoungbergExec Vice President-$121,617$121,617
DIANA BaileySecretary/treasurerPT$101,799$101,799

Board Members and Trustees

NameTitle
Bob HansonPresident
Hans McPhersonVice President
Art NelsonDirector
David L McclureDirector
Gary HeibertshausenDirector
Gil GasperDirector
Jim BowmanDirector
Lew ZimmerDirector
Patti DavisDirector
Tom CunninghamDirector
Wayne LowerDirector
Wes JensenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$151,422
Program Service Revenue
$0
Investment Income
$5,218
Other Revenue
$0
All Other Contributions
$137,891
Change in Net Assets
$71,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$60,514
Other Expenses$24,587
Total Fundraising Expense$3,120
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$39,339--$39,339
Grants to Domestic Individuals$21,175--$21,175
Fees for Services Management$8,625$1,725$1,150$11,500
Travel$3,803--$3,803
Fees for Service Investment Mgmnt Fees-$3,550-$3,550
Fees for Services Accounting-$1,645-$1,645
Office Expenses-$25-$25
Other Expenses-$20$1,970$20
Total Functional Expenses$72,942$9,039$3,120$85,101
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Edward Jones Annuity Obligation$8,723
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The 990 is reviewed by Board of Directors before it is filed with the IRS.”

Form 990, Part VI, Section B, line 12C

“Board has training on an annual basis and is required to disclose each year any interests that could give rise to a conflict.”

Form 990, Part VI, Section C, line 19

“Financial statements presented at annual meeting and made available upon request.”

Filing and Contact Details

Filer

Filer Name
Montana Farm Bureau Foundation
EIN
81-0518824
Phone
4065873153
Address
502 S 19th Ave Suite 104, Bozeman, MT 59718

Signing Officer

Name
Diana Bailey
Title
Secretary/Treasurer
Phone
4065873153
Signed
2018-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Bailey
Formed
1999
Legal Domicile
Mt
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
20

Preparer

Firm
Wipfli LLP
Address
777 East Main Suite 201, Bozeman, MT 59715
Preparer
Amanda Flohr
Phone
4065862386
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Foundation, since inception, has qualified under Section 501(c)(3) of the Internal Revenue Code to be a tax-exempt organization and is generally exempt from income taxes pursuant to Section 501(a) of the Code. As such, the Foundation is subject to federal income taxes only on any net unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The determination of tax exempt status is also considered to be a tax position. The Foundation?s policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the Internal Revenue Code and Regulations, Revenue Rulings, court decisions and other evidence. The Foundation has determined that it is subject to examination for the federal income tax filings in the United States for the prior three tax years. In the event the Foundation is assessed penalties and/or interest, penalties will be charged to other operating expenses and interest will be charged to interest expense. It is the opinion of management that the Foundation has no uncertain tax positions.”

Raw XML AppendixShowing 400 of 511 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
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IRS990/MissionDesc0THE MONTANA FARM BUREAU FOUNDATION IS A NON-PROFIT MUTUAL BENEFIT CORPORATION ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.
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IRS990/NetAssetsOrFundBalancesEOYAmt01226120
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt034684
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025
IRS990/OfficeExpensesGrp/TotalAmt025
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt027219
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DONOR SOLICITATION
IRS990/OtherExpensesGrp/Desc1donor recognition
IRS990/OtherExpensesGrp/Desc2Bad debt on Accounts Re
IRS990/OtherExpensesGrp/Desc3STATE REGISTRATION
IRS990/OtherExpensesGrp/FundraisingAmt01970
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01799
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1275
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220
IRS990/OtherExpensesGrp/TotalAmt01970
IRS990/OtherExpensesGrp/TotalAmt11799
IRS990/OtherExpensesGrp/TotalAmt2275
IRS990/OtherExpensesGrp/TotalAmt320
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt08723
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt053381
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt052381
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Diana Bailey
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Mini-GrantsMontana Farm Bureau Foundation has established a program to provide grants up to $1,000.00 for use in educational forums or activities promoting agriculture, enhances participants' knowledge of agriculture and/or its contributions as an industry, analyzes current agriculture issues or problems, and strengthens critical thinking and problem solving skills.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt07500
IRS990/ProgSrvcAccomActy3Grp/Desc0Providing a Stronger Voice for AgricultureMFB Foundation continues to support leadership development programs and agricultural advocacy programs. We provided top notch speakers who keep members up to date on priority issues.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt08000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Providing Accurate Ag Education MaterialsMontana Farm Bureau Foundation provided agricultural education materials to classrooms and organizations throughout Montana. We gave out 10,000+ Food and Farm Facts, Ag Mags and pencils printed with farm facts.Supporting Ag Education & Awarding ScholarshipsMFBF supports youth education and leadership development by working with organizations such as Montana FFA Foundation and the Montana 4-H Foundation and providing scholarships so Montana youth can receive the training and education they need.Leadership DevelopmentOur Foundation is in our 4th year of providing tuition scholarships for members of the REAL Montana program (Resource Education and Agriculture Leadership). Participants analyze complex issues associated with agriculture and natural resources while receiving intensive leadership training.Work to Improve the Economic Viability of Agriculture in MontanaWe are helping to fund speakers on issues important to agriculture for the Rural Advocacy League at the University of Montana Law School. Increasing awareness of ag law issues and natural resource development issues from alandowner perspective will allow for progress in the courts and legislature to keep farmers and ranchers on the land.Disaster AssistanceThe Summer of 2017 was a record-breaking year of wildfires in Montana due to extremely dry conditions and lightning strikes. Fires in two Montana counties alone burned together into one massive blaze, consuming an overwhelming 270,000 acres and erratically waged war with the men and women fighting to save their homes, land, livestock, and livelihoods. Local residents, along with firefighters from around the nation, feverishly battled the blaze day and night. The fire destroyed miles of fencing and burned up pasture land as far as you could see. The Foundation was able to send financial assistance for recovery efforts.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt041079
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt039137
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0134245
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt044973
IRS990/PYInvestmentIncomeAmt09452
IRS990/PYOtherExpensesAmt027673
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt071051
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt072646
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0143697
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt071539
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116751
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0174762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0151422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0133995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0132056
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0124975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0111130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0653578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04270
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02214
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt026425
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.35320
IRS990ScheduleA/PublicSupportPY170Pct00.42790
IRS990ScheduleA/PublicSupportTotal170Amt0240176
IRS990ScheduleA/SubstantialContributorsTotAmt0413402
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0151422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0133995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132056
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0124975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0111130
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0653578
IRS990ScheduleA/TotalSupportAmt0680003
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt095819
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt025250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0119528
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1541
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt095569
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt095819
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt095319
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt095569
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt095069
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt095319
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt094819
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0250
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt095069
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08723
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Edward Jones Annuity Obligation
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.56000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation, since inception, has qualified under Section 501(c)(3) of the Internal Revenue Code to be a tax-exempt organization and is generally exempt from income taxes pursuant to Section 501(a) of the Code. As such, the Foundation is subject to federal income taxes only on any net unrelated business income under the provisions of Section 511 of the Internal Revenue Code. The determination of tax exempt status is also considered to be a tax position. The Foundation?s policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the Internal Revenue Code and Regulations, Revenue Rulings, court decisions and other evidence. The Foundation has determined that it is subject to examination for the federal income tax filings in the United States for the prior three tax years. In the event the Foundation is assessed penalties and/or interest, penalties will be charged to other operating expenses and interest will be charged to interest expense. It is the opinion of management that the Foundation has no uncertain tax positions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.44000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt08723
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0When applying for grants, recipients must submit a detailed description of the intended use of the funds with the initial application. One-half of the funding will be given upon approval of the application, and the remaining half will be given upon completion. A brief written summary must be sumitted upon the completion of the project, prior to the end of the calendar year. The recipient is subject to any further questioning or any other information-gathering efforts by the foundation.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by Board of Directors before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board has training on an annual basis and is required to disclose each year any interests that could give rise to a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Financial statements presented at annual meeting and made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Montana Farm Bureau Federation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0810246740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Provide education and information to Montana Agricultural Producers
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0502 South 19th Suite 104
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Bozeman
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd059718
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,236,593
Liabilities
$10,473
Net assets
$1,226,120
Revenue
$156,640
Expenses
$85,101
Net income
$71,539
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.48$0.25$0.12$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.02$1.24$0.17$0.11$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.02$1.11$0.15$0.09$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.13$0.16$0.08$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.02$0.95$0.14$0.15$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.17$0.09$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.02$0.85$0.24$0.09$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.16$0.09$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.14$0.07$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.14$0.07$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.13$0.05$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.31$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.03