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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 8.1 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
$6K
0.9% of total assets
Looks good: liabilities are 1% 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
$321K
+3% vs prior year
Spent
$269K
To programs
99%
Net assets
$618K
By yearFY2020–FY2025
Revenue
$321K
FY2021▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$321K
FY2022$501K
FY2023$298K
FY2024$1.2M
FY2025$523K
Expenses
$269K
FY2021▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$166K
FY2021$269K
FY2022$258K
FY2023$252K
FY2024$265K
FY2025$287K
Net assets
$618K
FY2021▲ +9%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

99 cents of each dollar spent went to programs.

Program services 99% · $266K Fundraising 1% · $2K

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 · $266K · in their own filed words · FY2021
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.

$265Kprogram 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.

$1Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$321K
Ln 12
Gifts and grantsLn 1h$305K
Fees for servicesLn 2g$16K
Investment incomeLn 3$2
Money outPt IX
$269K
Ln 25
Programscol B$266K
Fundraisingcol D$2K
Owns and owesPt X
$618K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$624K
LiabilitiesLn 26$6K
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$305K
Government grantsLn 1e$15K
Fees for servicesLn 2g$16K
Investment incomeLn 3$2
Total revenueLn 12$321K
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$182K
Land, buildings, equipmentLn 10c$440K
Other assetsLn 15$1K
Total assetsLn 16$624K
LiabilitiesLn 26$6K
Net assetsLn 32$618K
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 FY21End FY21
Cash and savingsLn 1–2$145K$182K
Land, buildings, equipmentLn 10c$440K$440K
Total assetsLn 16$586K$624K
LiabilitiesLn 26$19K$6K
Net assetsLn 32$566K$618K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$68K
Other salaries and wagesLn 7$138K$138K
Other employee benefitsLn 9$985$985
Payroll taxesLn 10$20K$20K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$6K$3K$2K
Office expensesLn 13$6K$6K
OccupancyLn 16$7K$7K
TravelLn 17$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$149$149
Total functional expensesLn 25$269K$266K$0$2K

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 Viewing $321K$269K$52K$618K 990 PDF
FY2020 $313K$166K$146K$566K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $320,722 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $302,957$304,890
I-9 Program service revenuePrior year $9,858$15,830
I-10 Investment incomePrior year $2$2
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $312,817$320,722
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 $116,048$227,151
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,280$41,749
I-18 Total expensesPrior year $166,328$268,900
I-19 Revenue less expensesPrior year $146,489$51,822
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 $320,722 across 6 lines filed
VIII-1e Government grants$14,800
VIII-1f All other contributions, gifts and grants$290,090
VIII-1h Total contributions, gifts and grants$304,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,830$15,830
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $15,832 · Unrelated business $0 · Excluded from tax $0$320,722
Part IX · Statement of functional expenses $268,900 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,218$68,218
IX-7 Other salaries and wagesPrograms $138,295$138,295
IX-9 Other employee benefitsPrograms $985$985
IX-10 Payroll taxesPrograms $19,653$19,653
IX-11a Management feesPrograms $3,300$3,300
IX-11c Accounting feesPrograms $7,895$7,895
IX-12 Advertising and promotionPrograms $3,083 · Fundraising $2,417$5,500
IX-13 Office expensesPrograms $6,110$6,110
IX-16 OccupancyPrograms $6,800$6,800
IX-17 TravelPrograms $2,536$2,536
IX-23 InsurancePrograms $1,233$1,233
IX-24 Other expenses (24a–d)Programs $8,226$8,226
IX-24e All other expensesPrograms $149$149
IX-25 Total functional expensesPrograms $266,483 · Management $0 · Fundraising $2,417$268,900
Part X · Balance sheet $623,976 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $130,076$160,447
X-2 Savings and temporary cash investmentsStart of year $15,002$22,004
X-3 Pledges and grants receivableStart of year $400$400
X-10c Land, buildings and equipment, netStart of year $440,125$440,125
X-15 Other assetsStart of year $0$1,000
X-16 Total assetsStart of year $585,603$623,976
X-25 Other liabilitiesStart of year $4,438$5,789
X-26 Total liabilitiesStart of year $19,238$5,789
X-27 Net assets without donor restrictionsStart of year $126,240$178,062
X-28 Net assets with donor restrictionsStart of year $440,125$440,125
X-32 Total net assets or fund balancesStart of year $566,365$618,187
X-33 Total liabilities and net assetsStart of year $585,603$623,976
Part XI · Reconciliation of net assets $618,187 net assets at year end
XI-1 Total revenue$320,722
XI-2 Total expenses$268,900
XI-3 Revenue less expenses$51,822
XI-4 Net assets at start of year$566,365
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$618,187

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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