2025-02-07T10:54:04-06:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 455507328 Montana State University Innovation Campus MONT 4069942053 PO Box 172755 Bozeman MT 59717 Brit Fontenot MSUIC Chairperson 4069942053 2025-01-27 1 1 Deb Nelson CPA P01264758 6122536500 2025-01-24 2023 2025-03-06 01:10:19Z Brit Fontenot PO Box 172755 Bozeman MT 59717 736882 0 X msuinnovationcampus.com X 2012 MT To develop a business park that benefits MSU's research community and partner with private sector. 13 13 0 11 0 0 330383 317306 399913 419576 0 0 0 0 730296 736882 0 0 0 0 87004 95066 0 0 0 384551 546238 471555 641304 258741 95578 19012664 19632795 5629927 6154480 13382737 13478315 X To promote economic development and partnerships between business and the research community of Montana State University, the region, and the State of Montana. 0 0 610380 419576 MSU Innovation Campus (MSUIC) continued to make progress on its multiphase Bozeman, Montana research park to promote economic development, research, and educational opportunities in support of Montana State University (MSU). MSUIC continues to update its master plan and anticipates City of Bozeman approval for a new zoning category allowing for greater density and parking flexibility by October 2024.The first building, the Applied Research Lab, opened early 2020 and utilizes Montana State University (MSU) faculty and students combined with Montana industry to engage in many areas of MSU's research expertise. (Continued on Schedule O)EngineWorks Bozeman, an 87,000-sf multi-tenant office building is nearly complete, anticipated to be operational in the spring of 2025. Aurora Innovation Inc, which specializes in technology for self-driving cars, is building a 78,000-sf facility on the Innovation Campus which is expected to be completed before the end of 2024. Plans are underway for a new life sciences building with a new ground lease anticipated by Spring 2025.The Innovation Campus road network and sidewalks have been completed, connecting the entire campus with the existing streets which surround it. 610380 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X Alexis Boettger 4069942053 PO Box 172755 Bozeman MT 59717 Richard Harte Chair 0.25 X X 0 0 0 Steve Barrett Vice Chair 0.25 X X 0 0 0 Robert Morrison Secretary/Treasurer 0.25 X X 0 0 0 Susan Carstensen Director 0.25 X 0 0 0 Scott Osterman Director 0.25 X 0 0 0 Brit Fontenot Director 0.25 X 0 0 0 Richard Harjes Director 0.25 X 0 0 0 Cory Pulfrey Director 0.25 X 0 0 0 Paul Reichert Director 0.25 X 0 0 0 Mary Beth Walsh Director 0.25 X 0 0 0 Robert Lowry Director 0.25 X 0 0 0 David Peretto Director 0.25 X 0 0 0 Jeff Sipes Director 0.25 X 0 0 0 Mark Sharpe Executive Director 40.00 X 0 58063 28045 0 58063 28045 0 0 0 0 0 317306 289900 317306 Rental Income 531120 419576 419576 419576 736882 419576 0 0 89717 89717 5349 5349 720 720 2888 2888 27000 27000 100 100 316 316 50755 50755 3683 3683 457180 457180 1741 1741 Dues & Subscription 1525 1525 Event Expense 330 330 641304 610380 30924 0 20859 55414 14737636 15068663 8280 27402 361481 580237 3901079 3883499 3901079 909 0 19012664 19632795 21167 35808 39110 37034 5569650 6081638 5629927 6154480 X -1354899 -1590348 14737636 15068663 13382737 13478315 19012664 19632795 95578 0 X 0 1 X 1 0 X X X 1 Montana State University Foundation 816001649 7 1 0 610380 1 0 610380 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3901079 3901079 3901079 Related Party Payables 6081638 6081638 X 116401493 115664611 115664611 736882 0 736882 41643524 41002220 41002220 641304 0 641304 Part X, Line 2: Management believes that the Organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Related Organization operations per consolidated financials 115,664,611. Part XII, Line 2d - Other Adjustments: Related Organization operations per consolidated financials 41,002,220. X Building Pledge 1 289900 Fair Value 0 0 0 0 Part I, Column (b): Column B represents the number of contributions. Form 990, Part VI, Section A, line 1a The Executive Committee is composed of the Chairperson, Vice Chairperson and Secretary-Treasurer, the chair of each standing committee, and such Directors as the Board of Directors at its discretion may appoint. The Executive Committee shall make recommendations to the Board of Directors regarding the management of the business of the Corporation, shall have responsibility for monitoring these Bylaws and other governance matters, and shall have the authority to act on behalf of the Board of Directors in between meetings. The Executive Committee shall at all times be subject to the control and direction of the Board of Directors and shall report all Executive Committee actions at the first Board of Directors meeting following the action. Form 990, Part VI, Section A, line 6 Montana State University Foundation, Inc. is the sole member of this nonprofit corporation. Form 990, Part VI, Section A, line 7a MSU Foundation, Inc., the sole member, appoints eleven directors and Montana State University appoints two directors. Form 990, Part VI, Section A, line 7b Amendments to the bylaws shall require affirmative vote of a majority of the Board of Directors and the affirmative vote of the Sole Member. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by the Organization's public accounting firm based on information supplied by management. Once the return is available, it is supplied to management for their review with any changes incorporated into the filing. The return is then provided to the Board of Directors for review before it is filed with the IRS. Form 990, Part VI, Section B, line 12c All board members must annually sign an acknowledgement that they have read and complied with the conflict of interest policy. They must also report any potential conflicts. The Executive Committee reviews, discusses, and decides how to handle any conflicts. The person who has or appears to have a conflict of interest shall be excluded from the discussion of the transaction or if deemed to be in the best interest of MSUIC, may provide information for and answer questions relating to the transaction as permitted by and limited by the individual presiding over the discussion of the transaction. By participating, the person shall not intentionally influence a decision on the matter. The person who has or appears to have a conflict of interest shall be excluded from voting on the transaction and a competitive bid or comparable valuation exists if appropriate. All decisions and actions pursuant to this provision are clearly documented in the minutes of the proceeding. Form 990, Part VI, Section B, line 15a The MSUIC Executive Director is compensated by Montana State University Foundation (MSUF), a related organization. Executive Director compensation is benchmarked and then reviewed and approved by the MSUIC Board of Directors. MSUAF provides 60% of his salary while Montana State University ensures 40%. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and financial statements are available to the public upon request. Montana State University Foundation PO Box 172750 Bozeman MT 597172750 816001649 University Support MT 501(c)(3) Line 7 N/A 0 Advanced Technology Inc PO Box 172755 Bozeman MT 59717 810448958 Real Estate MT N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0