Trust Montana INC FY2020 filing

Tax-deductible

Missoula, MT501(c)(3)Community DevelopmentEIN 45-3204921Revenue $313K in FY2020

On file with the IRStrustmontana.orgPo Box 8791, 59807-8791 · Missoula, MTTax-exempt since Nov 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Trust montana's mission is to promote community land trusts and hold land in Trust to facilitate workforce housing, farmland affordability, and the preservation of vital community assets that keep rural and urban areas livable for montanans of varied economic means.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $281K a year · 53% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$313K
Spent
$166K
To programs
100%
Net assets
$566K
By yearFY2020–FY2025
Revenue
$313K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$321K
FY2022$501K
FY2023$298K
FY2024$1.2M
FY2025$523K
Expenses
$166K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$166K
FY2021$269K
FY2022$258K
FY2023$252K
FY2024$265K
FY2025$287K
Net assets
$566K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$566K
FY2021$618K
FY2022$861K
FY2023$1.1M
FY2024$2.1M
FY2025$2.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $166K Management & general 0% · $583

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Dawn Conklin’s $70K as Executive Director is at the 46th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Dawn Conklin$69,904$68,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Trust Montana INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes community land trusts to create affordable housing and preserve vital assets.

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Provided by the organization

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2 programs · $166K · in their own filed words · FY2020
01

Promoting community land trusts through education, outreach and consulting. Community land trusts are an increasingly popular tool for curbing gentrifiction and displacement of low and moderate income people in the us. As a result, trust montana receives many requests for assistnce in setting up new CLT projects around the state.

$165Kprogram expense
02

Affordable land, llcaffordable land, LLC is a single member LLC owned by trust montana. Affordable land LLC was formed in 2019 to hold all land that is acquired for permanently affordable projects of trust montana, inc.

$959program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$313K
Ln 12
Gifts and grantsLn 1h$303K
Fees for servicesLn 2g$10K
Investment incomeLn 3$2
Money outPt IX
$166K
Ln 25
Programscol B$166K
Managementcol C$583
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$586K
LiabilitiesLn 26$19K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$303K
Noncash giftsLn 1g$62K
Fees for servicesLn 2g$10K
Investment incomeLn 3$2
Total revenueLn 12$313K
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$145K
Land, buildings, equipmentLn 10c$440K
Total assetsLn 16$586K
LiabilitiesLn 26$19K
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$78K$145K
Land, buildings, equipmentLn 10c$378K$440K
Total assetsLn 16$456K$586K
LiabilitiesLn 26$37K$19K
Net assetsLn 32$420K$566K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$116K$116K
Management feesLn 11a$3K$3K
Legal feesLn 11b$222$222
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$1K$1K
Information technologyLn 14$9K$9K
OccupancyLn 16$5K$5K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$16K$15K$583
All other expensesLn 24e$247$247
Total functional expensesLn 25$166K$166K$583$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $523K$287K$236K$2.3M 990 PDF
FY2024 $1.2M$265K$960K$2.1M 990 PDF
FY2023 $298K$252K$47K$1.1M 990 PDF
FY2022 $501K$258K$244K$861K 990 PDF
FY2021 $321K$269K$52K$618K 990 PDF
FY2020 Viewing $313K$166K$146K$566K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $312,817 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $298,676$302,957
I-9 Program service revenuePrior year $11,932$9,858
I-10 Investment incomePrior year $1$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $310,609$312,817
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $90,667$116,048
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $28,560$50,280
I-18 Total expensesPrior year $119,227$166,328
I-19 Revenue less expensesPrior year $191,382$146,489
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $312,817 across 6 lines filed
VIII-1f All other contributions, gifts and grants$302,957
VIII-1g Noncash contributions (included above)$62,000
VIII-1h Total contributions, gifts and grants$302,957
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,858$9,858
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $9,860 · Unrelated business $0 · Excluded from tax $0$312,817
Part IX · Statement of functional expenses $166,328 across 13 lines filed
IX-7 Other salaries and wagesPrograms $116,048$116,048
IX-11a Management feesPrograms $2,895$2,895
IX-11b Legal feesPrograms $222$222
IX-11c Accounting feesPrograms $6,287$6,287
IX-12 Advertising and promotionPrograms $2,689$2,689
IX-13 Office expensesPrograms $1,059$1,059
IX-14 Information technologyPrograms $8,806$8,806
IX-16 OccupancyPrograms $4,800$4,800
IX-17 TravelPrograms $2,656$2,656
IX-22 Depreciation, depletion and amortizationPrograms $3,989$3,989
IX-23 InsurancePrograms $1,040$1,040
IX-24 Other expenses (24a–d)Programs $15,007 · Management $583$15,590
IX-24e All other expensesPrograms $247$247
IX-25 Total functional expensesPrograms $165,745 · Management $583 · Fundraising $0$166,328
Part X · Balance sheet $585,603 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $68,874$130,076
X-2 Savings and temporary cash investmentsStart of year $9,001$15,002
X-3 Pledges and grants receivableStart of year $400$400
X-10c Land, buildings and equipment, netStart of year $378,125$440,125
X-16 Total assetsStart of year $456,400$585,603
X-25 Other liabilitiesStart of year $2,228$4,438
X-26 Total liabilitiesStart of year $36,523$19,238
X-27 Net assets without donor restrictionsStart of year $41,762$126,240
X-28 Net assets with donor restrictionsStart of year $378,115$440,125
X-32 Total net assets or fund balancesStart of year $419,877$566,365
X-33 Total liabilities and net assetsStart of year $456,400$585,603
Part XI · Reconciliation of net assets $566,365 net assets at year end
XI-1 Total revenue$312,817
XI-2 Total expenses$166,328
XI-3 Revenue less expenses$146,489
XI-4 Net assets at start of year$419,877
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$566,365

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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