Carlson Music Scholarship Fund

Billings, MT
Tax-exempt since Feb. 2003
EIN: 48-1276104

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$31.8k (2024)

Expenses

$35k (2024)

Total Assets

$530k (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$31,781

Expenses

$35,011

Net Income

-$3,230

Net Assets

$530,209

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,977	62.9%
Sales of Assets	$11,804	37.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,220	80.6%
Compensation of Officers*	$7,721	22.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$530,209
Total Liabilities	$0
Net Assets	$530,209

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,721	$0

990-PF

Filed on May 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$25,534

Expenses

$38,673

Net Income

-$13,139

Net Assets

$533,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,611	76.8%
Sales of Assets	$5,596	21.9%
Other Income	$327	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,990	85.3%
Compensation of Officers*	$7,042	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$533,385
Total Liabilities	$0
Net Assets	$533,385

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,042	$0

990-PF

Filed on May 6, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$4,315

Expenses

$42,957

Net Income

-$38,642

Net Assets

$546,541

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,376	> 100%
Sales of Assets	-$11,061
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,038	83.9%
Compensation of Officers*	$7,434	17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$546,541
Total Liabilities	$0
Net Assets	$546,541

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,434	$0

990-PF

Filed on May 10, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$49,051

Expenses

$40,194

Net Income

$8,857

Net Assets

$585,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,280	33.2%
Sales of Assets	$32,592	66.4%
Other Income	$179	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,254	82.7%
Compensation of Officers*	$8,519	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$585,243
Total Liabilities	$0
Net Assets	$585,243

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$8,519	$0

990-PF

Filed on April 27, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$28,591

Expenses

$39,719

Net Income

-$11,128

Net Assets

$576,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,326	53.6%
Sales of Assets	$13,265	46.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,936	82.9%
Compensation of Officers*	$7,497	18.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$576,449
Total Liabilities	$1
Net Assets	$576,448

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,497	$0

990-PF

Filed on May 4, 2021

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$31,004

Expenses

$37,873

Net Income

-$6,869

Net Assets

$587,036

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,924	57.8%
Sales of Assets	$12,720	41.0%
Other Income	$360	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,889	84.2%
Compensation of Officers*	$7,510	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$587,037
Total Liabilities	$1
Net Assets	$587,036

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,510	$0

990-PF

Filed on May 15, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$37,661

Expenses

$43,201

Net Income

-$5,540

Net Assets

$594,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,228	45.7%
Sales of Assets	$20,433	54.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,865	83.0%
Compensation of Officers*	$7,599	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$594,271
Total Liabilities	$0
Net Assets	$594,271

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,599	$0

990-PF

Filed on April 30, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$54,080

Expenses

$43,041

Net Income

$11,039

Net Assets

$623,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$15,799	29.2%
Sales of Assets	$38,267	70.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,523	82.5%
Compensation of Officers*	$7,570	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$623,063
Total Liabilities	$0
Net Assets	$623,063

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,570	$0

990-PF

Filed on March 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$69,985

Expenses

$39,501

Net Income

$30,484

Net Assets

$611,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.0%
Dividends	$16,678	23.8%
Sales of Assets	$53,289	76.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,600	82.5%
Compensation of Officers*	$7,802	19.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$611,817
Total Liabilities	$0
Net Assets	$611,817

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,802	$0

990-PF

Filed on Feb. 28, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$37,895

Expenses

$37,317

Net Income

$578

Net Assets

$581,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$14,830	39.1%
Sales of Assets	$23,019	60.7%
Other Income	$39	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,396	84.1%
Compensation of Officers*	$7,188	19.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$581,333
Total Liabilities	$0
Net Assets	$581,333

Compensation

Key Employees and Officers	Compensation	Other
First Interstate Bank (Trustee)	$7,188	$0

990-PF

Filed on Feb. 21, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$31,653

Expenses

$38,344

Net Income

-$6,691

Net Assets

$580,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,709	59.1%
Sales of Assets	$12,944	40.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,304	81.6%
Compensation of Officers*	$6,913	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$580,755
Total Liabilities	$1
Net Assets	$580,754

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$38,259

Expenses

$37,041

Net Income

$1,218

Net Assets

$587,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28	0.1%
Dividends	$19,816	51.8%
Sales of Assets	$18,415	48.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,347	84.6%
Compensation of Officers*	$7,042	19.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$587,446
Total Liabilities	$1
Net Assets	$587,445

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Carlson Music Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $31.8k (2024)

Expenses $35k (2024)

Total Assets $530k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$31.8k (2024)

Expenses

$35k (2024)

Total Assets

$530k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002