Custer County Educational Foundation INC FY2024 filing

Tax-deductible

Miles City, MT501(c)(3)Since 1991EducationEIN 81-0474230Revenue $202K in FY2024

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.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 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
$202K
+59% vs prior year
Spent
$130K
To programs
87%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$202K
FY2024▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$165K
FY2022$87K
FY2023$127K
FY2024$202K
FY2025$376K
Expenses
$130K
FY2024▲ +23%
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
FY2024▲ +6%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

87 cents of each dollar spent went to programs.

Program services 87% · $113K Management & general 13% · $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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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 · $113K · in their own filed words · FY2024
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

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$202K
Ln 12
Gifts and grantsLn 1h$143K
Investment incomeLn 3$59K
Money outPt IX
$130K
Ln 25
Programscol B$113K
Managementcol C$17K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$42K
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$143K
Investment incomeLn 3$59K
Gains on assetsLn 7$17K
Total revenueLn 12$202K
Assets in detailPt X, end of year
CashLn 1$2
SavingsLn 2$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$1.2M
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 FY24End FY24
Cash and savingsLn 1–2$28K$42K
InvestmentsLn 11–13$1.1M$1.2M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$108K$108K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$2K$2K
InsuranceLn 23$876$876
Other expenses (24a–d)Ln 24$797$797
Total functional expensesLn 25$130K$113K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $376K$134K$242K$1.5M 990 PDF
FY2024 Viewing $202K$130K$72K$1.2M 990 PDF
FY2023 $127K$105K$22K$1.2M 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $202,089 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,286$143,005
I-9 Program service revenue$0
I-10 Investment incomePrior year $43,973$59,084
I-11 Other revenue$0
I-12 Total revenuePrior year $127,259$202,089
I-13 Grants and similar amounts paidPrior year $85,750$108,250
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $19,640$21,743
I-18 Total expensesPrior year $105,390$129,993
I-19 Revenue less expensesPrior year $21,869$72,096
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 $202,089 across 5 lines filed
VIII-1f All other contributions, gifts and grants$143,005
VIII-1h Total contributions, gifts and grants$143,005
VIII-3 Investment incomeRelated to mission $42,140$42,140
VIII-7 Net gain or loss on sales of assetsRelated to mission $16,944$16,944
VIII-12 Total revenueRelated to mission $59,084$202,089
Part IX · Statement of functional expenses $129,993 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $108,250$108,250
IX-11c Accounting feesPrograms $2,532$2,532
IX-11f Investment management feesManagement $13,988$13,988
IX-11g Other fees for servicesPrograms $1,129$1,129
IX-13 Office expensesManagement $2,421$2,421
IX-23 InsuranceManagement $876$876
IX-24 Other expenses (24a–d)Programs $797$797
IX-25 Total functional expensesPrograms $112,708 · Management $17,285 · Fundraising $0$129,993
Part X · Balance sheet $1,237,212 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1$2
X-2 Savings and temporary cash investmentsStart of year $28,407$42,156
X-11 Publicly traded securitiesStart of year $1,136,708$1,195,054
X-16 Total assetsStart of year $1,165,116$1,237,212
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $725,991$745,487
X-28 Net assets with donor restrictionsStart of year $439,125$491,725
X-32 Total net assets or fund balancesStart of year $1,165,116$1,237,212
X-33 Total liabilities and net assetsStart of year $1,165,116$1,237,212
Part XI · Reconciliation of net assets $1,237,212 net assets at year end
XI-1 Total revenue$202,089
XI-2 Total expenses$129,993
XI-3 Revenue less expenses$72,096
XI-4 Net assets at start of year$1,165,116
XI-10 Net assets at end of year$1,237,212

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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