Overview
What is Montana Technological University Foundation?
The Montana Technological University Foundation is a nonprofit organization based in Butte, Montana, with a mission to support Montana Technological University by generating private contributions. Established in 1967, the Foundation acts as a catalyst and conduit for gifts and endowment income, providing immediate and long-term support for the institution and its programs. In 2021, they granted $1.9 million in scholarships to 624 students and $1.6 million to departments for equipment and supplies. Private dollars were also used to construct the Lesar Nursing Sim Center and purchase equipment worth $2.1 million, and to build a new power lab in the NRRC Building, costing $233,000. The Montana Tech Foundation advances the teaching, research, and public service endeavors of Montana Technological University, overseen by a board of directors and staffed by development professionals.
Official website here: www.foundation.mtech
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Montana Technological University Foundation has received a perfect score of 100% from Charity Navigator, indicating a high level of accountability and financial health. The foundation boasts a 100% score in all categories related to accountability, including having a majority of independent board members and a robust audit and oversight committee. This reflects a strong commitment to effective governance and transparency.
Financially, the foundation demonstrates impressive metrics, such as an excellent program expense ratio of 87.09%, signifying that a substantial portion of its funds is directed toward its mission. Additionally, its fundraising efficiency ratio of $0.022 suggests that it effectively raises funds with minimal expenditure, ensuring that resources are maximized for program delivery.
There are no significant limitations noted in the available data, marking the Montana Technological University Foundation as a well-managed and financially sound organization. Its practices and policies, including conflict of interest and whistleblower policies, further reinforce its ethical standing and operational integrity. Overall, this foundation exemplifies a strong commitment to its mission and the responsible management of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Technological University Foundation legitimate?
Montana Technological University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Technological University Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $493,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $325,103
For more financial information, click here
Official website here: www.foundation.mtech
What is the mission statement of Montana Technological University Foundation?
The Montana Technological University Foundation's primary goal is to support and enhance the educational pursuits at Montana Technological University. The Foundation achieves this mission by securing private donations to supplement the university's state and federal funding. By doing so, it provides immediate and long-term financial assistance for the institution and all its programs. The Foundation's board of directors and team of development professionals manage and distribute these funds in a professional manner, adhering to donors' wishes. The Foundation acts as a catalyst for generating private support for Montana Technological University.
Official website here: www.foundation.mtech
Who is the CEO of Montana Technological University Foundation?
Jaime Heppler is the CEO of Montana Technological University Foundation The CEO's salary of Montana Technological University Foundation is $190,593 and their total compensation is $234,596.
Official website here: www.foundation.mtech
What is the revenue of Montana Technological University Foundation?
Montana Technological University Foundation's revenue in 2024 was $9,836,871.
Official website here: www.foundation.mtech
Who are the executives of Montana Technological University Foundation and what are their salaries?
The average compensation at Montana Technological University Foundation during 2024 was $62,944. There are 13 employees and 15 volunteers at Montana Technological University Foundation.
Here are 18 key members and their salaries (Montana Technological University Foundation's CEO's salary is $190,593 and their total compensation is $234,596):
- Compensation: $190,593
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- Other: $44,003
- Compensation: $142,361
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- Other: $36,265
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Official website here: www.foundation.mtech
Where can I find the form 990 for Montana Technological University Foundation?
Montana Technological University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.mtech
Learn more at the official website: www.foundation.mtech
Mission Statement of Montana Technological University Foundation
Montana Technological University Foundation, a charitable organization established in 1967, is dedicated to advancing the academic, research, and public service initiatives of Montana Technological University. By generating private contributions, the Foundation plays a crucial role in augmenting the institution's state and federal revenues, providing critical funds for capital, operating, and student assistance.
The Montana Tech Foundation acts as a catalyst, directing gifts and endowment income towards Montana Technological University and its programs. Overseen by a Board of Directors and staffed by development professionals, the Foundation ensures the effective and efficient management of donated funds in accordance with donors' wishes. The organization's mission is threefold: to support Montana Technological University's teaching, research, and public service endeavors by raising and managing private contributions for the institution's sole benefit.
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Impact
October, 2024
Montana Technological University Foundation significantly enhances the educational landscape at Montana Technological University by providing crucial financial support that advances teaching, research, and public service initiatives. Over the years, it has allocated $1.9 million in scholarships to 624 students, directly aiding in their academic journeys and empowering them to effect meaningful change in the world.
The Foundation's impact extends beyond scholarships; it has contributed $1.6 million to various departments for essential equipment, supplies, and faculty support, ensuring that students receive a high-quality education. Notably, it has played a pivotal role in constructing the Lesar Nursing Sim Center and funding its equipment with an investment of $2.1 million, thereby enhancing the training capabilities of nursing students. Additionally, the development of a new Power Lab in the NRRC building, funded by $233,000, further positions Montana Tech as a leader in technological education.
Through these efforts, the Foundation acts as a vital catalyst for growth and innovation at Montana Technological University, connecting students to invaluable opportunities and experiences that empower them for future success.
This information is meant to be a general summary of Montana Technological University Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $328,232
- Program Service Revenue: $100,000
- Gross Receipts: $24,705,455
Assets and Liabilities:
- Total Assets: $66,302,899
- Total Liabilities: $675,979
- Net Assets: $65,626,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT AGREEMENT MT
Revenue
$100,000
Organization Details
Founding Year
1967
Principal Officer
Jaime Heppler
Website
www.foundation.mtechNTEE Category
Code: B110 - Education
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