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Custer County Educational Foundation INC FY2021 filing

Tax-deductible

Miles City, MT501(c)(3)Since 1991EducationEIN 81-0474230Revenue $165K in FY2021

On file with the IRSmilescityscholarships.comPo Box 1092, 59301-1092 · Miles City, MTTax-exempt since Jun 1992Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
5 of 6
filings with a surplus
Average surplus $57K a year · 32% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+55% vs prior year
Spent
$119K
To programs
85%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$165K
FY2021▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$165K
FY2022$87K
FY2023$127K
FY2024$202K
FY2025$376K
Expenses
$119K
FY2021▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$103K
FY2021$119K
FY2022$129K
FY2023$105K
FY2024$130K
FY2025$134K
Net assets
$1.2M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$1.5M

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. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1992.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $102K Management & general 15% · $17K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Lori Backes
Director
$0Pt VII · Sec A
Katie Burman
Director
$0Pt VII · Sec A
Karl Drga
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy Larsen
Director
$0Pt VII · Sec A
Erin Niedge
Director
$0Pt VII · Sec A
Jamie Ogolin
Director
$0Pt VII · Sec A
See Custer County Educational Foundation 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 15aNo

Programs and updates

Awards scholarships to graduating Custer County District High School students.

Provided by the organization

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1 program · $102K · in their own filed words · FY2021
01

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

$102Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
The Dayton FoundationFY2024$25K
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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Investment incomeLn 3$102K
Gifts and grantsLn 1h$63K
Money outPt IX
$119K
Ln 25
Programscol B$102K
Managementcol C$17K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Investment incomeLn 3$102K
Gains on assetsLn 7$77K
Total revenueLn 12$165K
Assets in detailPt X, end of year
SavingsLn 2$57K
Cash and savings togetherLn 1–2$57K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$39K$57K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$279$0
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$98K$98K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$14K$14K
Office expensesLn 13$2K$2K
InsuranceLn 23$776$776
Other expenses (24a–d)Ln 24$706$537$169
Total functional expensesLn 25$119K$102K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $376K$134K$242K$1.5M 990 PDF
FY2024 $202K$130K$72K$1.2M 990 PDF
FY2023 $127K$105K$22K$1.2M 990 PDF
FY2022 $87K$129K−$42K$1.1M 990 PDF
FY2021 Viewing $165K$119K$46K$1.2M 990 PDF
FY2020 $106K$103K$3K$1.1M 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 FY2021 990 (6 parts)
Part I · Summary $164,530 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $48,533$63,028
I-9 Program service revenue$0
I-10 Investment incomePrior year $57,716$101,502
I-11 Other revenue$0
I-12 Total revenuePrior year $106,249$164,530
I-13 Grants and similar amounts paidPrior year $85,000$98,250
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,841$20,667
I-18 Total expensesPrior year $102,841$118,917
I-19 Revenue less expensesPrior year $3,408$45,613
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $164,530 across 5 lines filed
VIII-1f All other contributions, gifts and grants$63,028
VIII-1h Total contributions, gifts and grants$63,028
VIII-3 Investment incomeRelated to mission $24,387$24,387
VIII-7 Net gain or loss on sales of assetsRelated to mission $77,115$77,115
VIII-12 Total revenueRelated to mission $101,502$164,530
Part IX · Statement of functional expenses $118,917 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $98,250$98,250
IX-11c Accounting feesPrograms $2,869$2,869
IX-11f Investment management feesManagement $13,884$13,884
IX-13 Office expensesManagement $2,432$2,432
IX-23 InsuranceManagement $776$776
IX-24 Other expenses (24a–d)Programs $537 · Management $169$706
IX-25 Total functional expensesPrograms $101,656 · Management $17,261 · Fundraising $0$118,917
Part X · Balance sheet $1,185,496 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $39,079$57,009
X-11 Publicly traded securitiesStart of year $1,101,083$1,128,487
X-16 Total assetsStart of year $1,140,162$1,185,496
X-26 Total liabilitiesStart of year $279$0
X-27 Net assets without donor restrictionsStart of year $570,731$616,344
X-28 Net assets with donor restrictionsStart of year $569,152$569,152
X-32 Total net assets or fund balancesStart of year $1,139,883$1,185,496
X-33 Total liabilities and net assetsStart of year $1,140,162$1,185,496
Part XI · Reconciliation of net assets $1,185,496 net assets at year end
XI-1 Total revenue$164,530
XI-2 Total expenses$118,917
XI-3 Revenue less expenses$45,613
XI-4 Net assets at start of year$1,139,883
XI-10 Net assets at end of year$1,185,496

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

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