MONTANA FARM BUREAU FOUNDATION

EIN: 810518824 501(c)(3) Food, Agriculture & Nutrition

BOZEMAN, MT

Total Revenue
$251,624
Total Expenses
$117,953
Total Assets
$1,486,787
Net Assets
$1,483,342
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MT
Principal Officer
SCOTT KULBECK
Phone
4065873153
Tax Period
2023-10-01 to 2024-09-30

MONTANA FARM BUREAU FOUNDATION, founded in 1999, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $252K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 53% operating margin.

Mission

THE MISSION OF THE MONTANA FARM BUREAU FOUNDATION (MFBFO) IS TO SUPPORT MONTANA AGRICULTURE THROUGH EDUCATION, RESEARCH, AND COMMUNITY SUPPORT, WITH A SPECIAL EMPHASIS FOR THE DEVELOPMENT OF OUR YOUTH.

Program Service Accomplishments

Program 1
Expenses: $76,734

LEADERSHIP DEVELOPMENT- OUR FOUNDATION SUPPORTED YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT AND PROVIDED $14,050 IN SCHOLARSHIPS SO THAT MONTANA YOUTH CAN RECEIVE THE TRAINING AND EDUCATION THEY NEED...

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LEADERSHIP DEVELOPMENT- OUR FOUNDATION SUPPORTED YOUTH EDUCATION AND LEADERSHIP DEVELOPMENT AND PROVIDED $14,050 IN SCHOLARSHIPS SO THAT MONTANA YOUTH CAN RECEIVE THE TRAINING AND EDUCATION THEY NEED AT STATE AND NATIONAL LEADERSHIP CONFERENCES.AG ED TEACHER SCHOLARSHIP: THE MFB FOUNDATION AWARDS 3, $2,000 SCHOLARSHIPS TO AGRICULTURE EDUCATION MAJORS COMPLETING THEIR SEMESTER OF STUDENT TEACHING IN A MONTANA AGED CLASSROOMS. THIS BUILDS A CONNECTION BETWEEN OUR FOUNDATION AND AGRICULTURE EDUCATORS AS WELL AS PROVIDES MONETARY SUPPORT FOR STUDENTS TO AID IN THEIR SUCCESSFUL EDUCATION AND GRADUATION WITH AN AG ED DEGREE.

Program 2
Expenses: $1,050

YOUTH IN AGRICULTURE: SPEECH CONTEST MFB FOUNDATION HOSTS A SPEECH CONTEST IN CONJUNCTION WITH THE STATE FFA CONVENTION (ANOTHER PARTNER OF THE FOUNDATION) WHERE 79TH GRADE STUDENTS PRESENT A...

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YOUTH IN AGRICULTURE: SPEECH CONTEST MFB FOUNDATION HOSTS A SPEECH CONTEST IN CONJUNCTION WITH THE STATE FFA CONVENTION (ANOTHER PARTNER OF THE FOUNDATION) WHERE 79TH GRADE STUDENTS PRESENT A PREPARED SPEECH ON A DESIGNATED AGRICULTURE TOPIC. THIS YEAR, 15 STUDENTS COMPETED AND $1,050 WAS AWARDED TO CONTEST WINNERS.

Program 3
Expenses: $6,000

MONTANA FARM BUREAU FOUNDATION PROVIDED SIX $1,000 MINI GRANTS DURING OUR FISCAL YEAR. OUR MINI GRANTS SUPPORT AGRICULTURAL EDUCATION AND PROMOTION PROJECTS. HERE ARE A FEW EXAMPLES OF THE MINI...

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MONTANA FARM BUREAU FOUNDATION PROVIDED SIX $1,000 MINI GRANTS DURING OUR FISCAL YEAR. OUR MINI GRANTS SUPPORT AGRICULTURAL EDUCATION AND PROMOTION PROJECTS. HERE ARE A FEW EXAMPLES OF THE MINI GRANTS AWARDED AND PROJECTS SUPPORTED:JOLENE BROWN SEMINAR: JOLENE IS AN EXPERT ON FARM AND RANCH FAMILY SUCCESSION PLANNING AND COMMUNICATION. SWEET GRASS COUNTY FARM BUREAU HOSTED JOLENE FOR A DAYLONG SEMINAR FOR COMMUNITY MEMBERS. AN MFB FOUNDATION MINIGRANT WENT TOWARD THE FEE TO BRING THIS VALUABLE SPEAKER IN.NEW TRENDS IN AG SEMINAR: THE GLASGOW CHAMBER OF COMMERCE RECEIVED A MFB FOUNDATION MINI GRANT TO USE TOWARD A LOCAL SEMINAR THAT BROUGHT IN EXPERTS IN THE INDUSTRY TO DISCUSS CURRENT AGRICULTURE TRENDS AND ISSUES. THE MINI GRANT WENT TOWARD THE COST OF HOSTING THE EVENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $185,538
Program Service Revenue $0
Investment Income $49,586
Other Revenue $16,500
TOTAL REVENUE $251,624

Expense Breakdown

Grants Paid $37,000
Salaries & Benefits $0
Fundraising Expenses $2,838
Program Expenses $88,784
Other Expenses $80,953
TOTAL EXPENSES $117,953

Year-over-Year Comparison

2023 2022 Change
Revenue $251,624 $174,613 +0.4%
Expenses $117,953 $105,022 +0.1%
Net Income $133,671 $69,591 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
11
Employees
N/A
Volunteers
113

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$291,659
Total Directors
13
$294,509
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT KULBECK EXECUTIVE VICE PRESIDENT 5.00
Officer Director
$0 $33,956 $145,238
DIANA BAILEY SECRETARY-TREASURER 5.00
Officer Director
$0 $15,710 $137,821
CYNDI JOHNSON PRESIDENT 2.00
Officer Director
$0 $0 $7,700
GARY HEIBERTSHAUSEN VICE PRESIDENT 2.00
Officer Director
$0 $0 $900
HANS MCPHERSON PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
SKY ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
ED BANDEL DIRECTOR 2.00
Director
$0 $0 $850
PATTI DAVIS DIRECTOR 2.00
Director
$0 $0 $0
KRIS DESCHEEMAKER DIRECTOR 2.00
Director
$0 $0 $600
SCOTT STONER DIRECTOR 2.00
Director
$0 $0 $0
LEW ZIMMER DIRECTOR 2.00
Director
$0 $0 $0
DARCIA PATTEN DIRECTOR 2.00
Director
$0 $0 $1,400
TIM GILL DIRECTOR 2.00
Director
$0 $0 $0
JOHN YOUNGBERG FORMER EXECUTIVE VP 0.00
$0 $0 $120,761
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $251,624 $117,953 $1,486,787 $133,671
2023 $174,613 $105,022 $1,256,630 $69,591
2022 $149,637 $85,035 $1,130,491 $64,602
2021 $156,083 $82,164 $1,144,530 $73,919
2020 $136,113 $147,295 $968,303 $-11,182
2019 $170,286 $87,635 $958,370 $82,651
2018 $239,791 $94,932 $866,564 $144,859
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