Custer County Educational Foundation INC FY2022 filing

Tax-deductible

Miles City, MT501(c)(3)Since 1991EducationEIN 81-0474230

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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.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
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
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$87K
-47% vs prior year
Spent
$129K
To programs
88%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$87K
FY2022▼ -47%
Revenue by fiscal year
FY2020$106K
FY2021$165K
FY2022$87K
FY2023$127K
FY2024$202K
FY2025$376K
Expenses
$129K
FY2022▲ +9%
Expenses by fiscal year
FY2020$103K
FY2021$119K
FY2022$129K
FY2023$105K
FY2024$130K
FY2025$134K
Net assets
$1.1M
FY2022▼ -4%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

88 cents of each dollar spent went to programs.

Program services 88% · $113K Management & general 12% · $16K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 service account for $113K of program spending, described in the organization's own filed words · FY2022.
01

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

$113Kprogram expense

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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
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 FY2022 990, line by line.

1The main four
Money inPt VIII
$87K
Ln 12
Gifts and grantsLn 1h$68K
Investment incomeLn 3$19K
Money outPt IX
$129K
Ln 25
Programscol B$113K
Managementcol C$16K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Investment incomeLn 3$19K
Gains on assetsLn 7−$6K
Total revenueLn 12$87K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$14K
Cash and savings togetherLn 1–2$14K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
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 FY22End FY22
Cash and savingsLn 1–2$57K$14K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$110K$110K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$1K$1K
InsuranceLn 23$838$838
Other expenses (24a–d)Ln 24$942$67$875
Total functional expensesLn 25$129K$113K$16K$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 Viewing $87K$129K−$42K$1.1M 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $87,022 across 5 lines filed
VIII-1f All other contributions, gifts and grants$68,427
VIII-1h Total contributions, gifts and grants$68,427
VIII-3 Investment incomeRelated to mission $24,290$24,290
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,695−$5,695
VIII-12 Total revenueRelated to mission $18,595$87,022
Part IX · Statement of functional expenses $129,271 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $110,000$110,000
IX-11c Accounting feesPrograms $2,348$2,348
IX-11f Investment management feesManagement $12,792$12,792
IX-11g Other fees for servicesPrograms $1,034$1,034
IX-13 Office expensesManagement $1,317$1,317
IX-23 InsuranceManagement $838$838
IX-24 Other expenses (24a–d)Programs $67 · Management $875$942
IX-25 Total functional expensesPrograms $113,449 · Management $15,822 · Fundraising $0$129,271
Part X · Balance sheet $1,143,247 assets, 9 lines filed
X-1 Cash, non-interest-bearing$1
X-2 Savings and temporary cash investmentsStart of year $57,009$13,548
X-11 Publicly traded securitiesStart of year $1,128,487$1,129,698
X-16 Total assetsStart of year $1,185,496$1,143,247
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $616,344$700,504
X-28 Net assets with donor restrictionsStart of year $569,152$442,743
X-32 Total net assets or fund balancesStart of year $1,185,496$1,143,247
X-33 Total liabilities and net assetsStart of year $1,185,496$1,143,247
Part XI · Reconciliation of net assets $1,143,247 net assets at year end
XI-1 Total revenue$87,022
XI-2 Total expenses$129,271
XI-3 Revenue less expenses−$42,249
XI-4 Net assets at start of year$1,185,496
XI-10 Net assets at end of year$1,143,247

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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