Custer County Educational Foundation INC

Public charity (501(c)(3)) Miles City, MT Since 1991 EIN 81-0474230 NTEE B82J
Revenue
$376K
▲ +86%
FY2025 · Pt VIII · Ln 12
Expenses
$134K
▲ +3%
FY2025 · Pt IX · Ln 25
Net assets
$1.5M
FY2025 · Pt X · Ln 32
To programs
87%
FY2025 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$376K
FY2025▲ +86%
Expenses
$134K
FY2025▲ +3%

Awards scholarships to graduating Custer County District High School students.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Yes — filed FY2025
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Foundation funders?
1 funder — The Dayton Foundation
$25K in the latest grant year.
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Spent on programs?
87% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↑ +86% vs prior year
Details →

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Awards scholarships to graduating Custer County District High School students.

Founded
1991
Type
Public charity (501(c)(3)) · Education
Location
Miles City, MT
Website
www.milescityscholarships.com
Filings
6 on file (2020–2025)
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Where the money goes · FY2025
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs+0.3% vs prior filing year
Operating runway
132.6mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
+64%
revenue over expenses, this year▲ +81% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.5M
FY2025▲ +20%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19$242K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCuster County Educational Foundation INC
EINHdr · item D81-0474230
Principal addressHdr · item CMiles City, MT
WebsiteHdr · item Jwww.milescityscholarships.com
Year of formationHdr · item L1991
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82J)
Ruling yearIRS BMFJun 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $116K of program spending, described in the organization's own filed words · FY2025.
01

To provide scholarship funds for graduating students of custer county district high school following evaluation of applications from the general student population.

$116Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$226K · 60%
Investment income$150K · 40%
Contributions & grants60%$226K
Investment income40%$150K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$116K
Management & general13%$17K
Total functional expensesLn 25$134K

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.5M
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $134K
132.6 months
Where the money goes
Program services
Program services $116K · Total expenses $134K
87%
Management & General
Management & general $17K · Total expenses $134K
13%
Fundraising
Fundraising $0 · Total expenses $134K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $151K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $226K · Total revenue $376K
60%
Government reliance
Government grants — · Total revenue $376K
—
Earned-income share
Program service revenue $0 · Total revenue $376K
0%
Investment reliance
Investment income $150K · Total revenue $376K
+40%
Program self-sufficiency
Program service revenue $0 · Total expenses $134K
0%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $202K
+86%
Revenue CAGR
FY2020 $106K · FY2025 $376K
+29%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $134K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
97%
People & payroll
Highest Reported Total Compensation
Individual Cady Irion Desjardin · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $134K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $134K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Revenue growth 86%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 6 grants · $599K · 2020–2025
Unitemized GrantFY2025$111,750
Unitemized GrantFY2024$108,250
Unitemized GrantFY2023$85,750
Unitemized GrantFY2022$110,000
Unitemized GrantFY2021$98,250
Unitemized GrantFY2020$85,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$376K revenue · viewing · ⤓ 990 PDF
FY2024$202K revenue · ⤓ 990 PDF
FY2023$127K revenue · ⤓ 990 PDF
FY2022$87K revenue · ⤓ 990 PDF
FY2021$165K revenue · ⤓ 990 PDF
FY2020$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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