Max S Baucus Institute

Tax-deductible

Bozeman, MT501(c)(3)Since 2021Foundations & GrantmakersEIN 86-3725571Revenue $1.5M in FY2025

On file with the IRSbaucusinstitute.org224 E Main St, 59715-4748 · Bozeman, MTTax-exempt since Dec 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To prepare our next generation of public servants.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 10 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 4
filings with a surplus
Average surplus $336K a year · 34% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$196K
to officers and key staff · 16% of spending
Top officer’s pay higher than 80% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $550K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+66% vs prior year
Spent
$1.2M
To programs
80%
Net assets
$1.7M
By yearFY2021–FY2025
Revenue
$1.5M
FY2025▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2021$90K
FY2022$844K
FY2023$726K
FY2024$910K
FY2025$1.5M
Expenses
$1.2M
FY2025▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$214K
FY2023$428K
FY2024$808K
FY2025$1.2M
Net assets
$1.7M
FY2025▲ +35%
Tap a bar for its year
Net assets by fiscal year
FY2021$90K
FY2022$714K
FY2023$1.1M
FY2024$1.3M
FY2025$1.7M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2021.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $959K Management & general 13% · $154K Fundraising 7% · $84K

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

6 people listed on the 990; $196K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$196,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Andrew Person’s $196K as Executive Dir. is at the 80th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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

NameFY2025FY2024FY2023
Andrew Person$196,000$198,154$23,077

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 Max S Baucus Institute 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

Prepares aspiring public servants for future government roles.

Questions for Max S Baucus Institute

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Provided by the organization

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3 programs · $720K · in their own filed words · FY2025
01

The baucus climate scholars program places undergraduate and graduate montana students with an interest in the environment, natural resources, and climate at organizations working at the forefront of these issues. In 2025, we placed 26 baucus climate scholars.

$240Kprogram expense
02

The baucus leaders program places undergraduate and graduate montana students with an interest in public service at legislative offices in washington DC for two-month summer internships. In 2025, 13 baucus leaders participated in the program.

$240Kprogram expense
03

The exclusive purpose of our program is to provide an academic benefit to our students by providing immersive academic programming and leadership experience

$240Kprogram 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
Ford FoundationFY2024$250K
Total grants receivedfrom 6 funders$550K
See all 6 funders →
Grants paid · 5 grants · $340K · 2022–2025
Unitemized GrantFY2025$175,282
Unitemized GrantFY2024$93,000
Unitemized GrantFY2023$36,925
Unitemized GrantFY2022$8,123

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$43K
Other incomeLn 4–11$18K
Money outPt IX
$1.2M
Ln 25
Programscol B$959K
Managementcol C$154K
Fundraisingcol D$84K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$1.7M
LiabilitiesLn 26$8K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$43K
Other incomeLn 4–11$18K
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$362K
SavingsLn 2$0
Cash and savings togetherLn 1–2$362K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$5K
Total assetsLn 16$1.7M
LiabilitiesLn 26$8K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 55
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$239K$362K
InvestmentsLn 11–13$1.0M$1.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.3M$1.7M
LiabilitiesLn 26$6K$8K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$177K$177K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$200K$176K$12K$12K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$127K$112K$8K$8K
Pension plan contributionsLn 8$3K$2K$151$151
Other employee benefitsLn 9$0
Payroll taxesLn 10$26K$23K$2K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$48K$48K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$212K$192K$17K$4K
Advertising and promotionLn 12$11K$3K$8K$816
Office expensesLn 13$6K$622$5K
Information technologyLn 14$5K$100$5K
RoyaltiesLn 15$0
OccupancyLn 16$80K$80K
TravelLn 17$9K$1K$2K$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$7K$51$7K
Other expenses (24a–d)Ln 24$277K$273K$968$4K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$1.2M$959K$154K$84K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$1.2M$316K$1.7M 990 PDF
FY2024 $910K$808K$102K$1.3M 990 PDF
FY2023 $726K$428K$298K$1.1M 990 PDF
FY2022 $844K$214K$629K$714K 990 PDF
FY2021 $90K$90K 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 FY2025 990 (6 parts)
Part I · Summary $1,513,098 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $886,042$1,451,644
I-9 Program service revenue$0
I-10 Investment incomePrior year $23,580$43,454
I-11 Other revenue$18,000
I-12 Total revenuePrior year $909,622$1,513,098
I-13 Grants and similar amounts paidPrior year $93,000$177,282
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $309,827$355,650
I-16a Professional fundraising feesPrior year $48,000$48,000
I-17 Other expensesPrior year $357,047$615,929
I-18 Total expensesPrior year $807,874$1,196,861
I-19 Revenue less expensesPrior year $101,748$316,237
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,513,098 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,451,644
VIII-1h Total contributions, gifts and grants$1,451,644
VIII-3 Investment incomeRelated to mission $43,454$43,454
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $18,000$18,000
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $43,454 · Excluded from tax $18,000$1,513,098
Part IX · Statement of functional expenses $1,196,861 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $177,282$177,282
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $175,930 · Management $11,995 · Fundraising $11,995$199,920
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $112,104 · Management $7,644 · Fundraising $7,644$127,392
IX-8 Pension plan contributionsPrograms $2,206 · Management $151 · Fundraising $151$2,508
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $22,730 · Management $1,550 · Fundraising $1,550$25,830
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,375$7,375
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $48,000$48,000
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $191,675 · Management $17,014 · Fundraising $3,600$212,289
IX-12 Advertising and promotionPrograms $2,638 · Management $7,627 · Fundraising $816$11,081
IX-13 Office expensesPrograms $622 · Management $4,925$5,547
IX-14 Information technologyPrograms $100 · Management $5,110$5,210
IX-15 Royalties$0
IX-16 OccupancyManagement $79,711$79,711
IX-17 TravelPrograms $1,173 · Management $1,635 · Fundraising $6,385$9,193
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $51 · Management $6,589$6,640
IX-24 Other expenses (24a–d)Programs $272,910 · Management $968 · Fundraising $3,530$277,408
IX-24e All other expensesManagement $1,475$1,475
IX-25 Total functional expensesPrograms $959,421 · Management $153,769 · Fundraising $83,671$1,196,861
Part X · Balance sheet $1,734,285 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $238,549$362,192
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,038,810$1,366,617
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $5,475$5,476
X-16 Total assetsStart of year $1,282,834$1,734,285
X-17 Accounts payable and accrued expensesStart of year $5,745$8,307
X-26 Total liabilitiesStart of year $5,745$8,307
X-27 Net assets without donor restrictionsStart of year $1,125,588$1,450,579
X-28 Net assets with donor restrictionsStart of year $151,501$275,399
X-32 Total net assets or fund balancesStart of year $1,277,089$1,725,978
X-33 Total liabilities and net assetsStart of year $1,282,834$1,734,285
Part XI · Reconciliation of net assets $1,725,978 net assets at year end
XI-1 Total revenue$1,513,098
XI-2 Total expenses$1,196,861
XI-3 Revenue less expenses$316,237
XI-4 Net assets at start of year$1,277,089
XI-5 Net unrealized gains (losses) on investments$91,998
XI-6 Donated services and use of facilities$48,000
XI-7 Investment expenses−$7,346
XI-10 Net assets at end of year$1,725,978

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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