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Wild Sheep Foundation

Foundation · Grantmaker Bozeman, MT EIN: 42-1109229 Website

WSF ENHANCES WILD SHEEP POPULATIONS, PROMOTES SCIENTIFIC WILDLIFE MANAGEMENT, AND EDUCATES THE PUBLIC AND YOUTH ON SUSTAINABLE USE AND THE CONSERVATION BENEFITS OF HUNTING WHILE PROMOTING THE INTERESTS OF THE HUNTER.

Key facts about Wild Sheep Foundation

EIN
42-1109229
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$8,957,260
Grants made (2025)
62
Average grant
$144,472
Median grant
$30,000
New grantees (estimate)
58% first-time grantees (36 of 62, 2025)
Total assets
$7,978,087

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Wild Sheep Foundation funds

None of its 60 grants with a stated purpose were described as general or operating support. Recurring purposes include "Sheep Enhancement" (60 grants).

Is Wild Sheep Foundation open to new grantees?

58%

first-time grantees, 2025

In 2025, 36 of 62 grantees (58%) were first-time recipients. First grants averaged $36K; repeat grants $295K. How we count

Medians: $16K first-time, $48K repeat.

  • 24% of 2025 grantees were also funded in 2024. Method
  • Giving grew 107% from 2022 to 2025. Method

Estimate from itemized IRS Form 990-PF grant lists (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Wild Sheep Foundation

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$8.0M

-6.4% YoY

Annual Giving

$9.0M

+6.3% YoY

Grant Count

62

+19.2% YoY

Avg Grant Size

$144K

-10.8% YoY

About Wild Sheep Foundation

Based on IRS filings

Wild Sheep Foundation is a nonprofit organization focused on Environment & Animals, based in Bozeman, MT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $8.0M in total assets. In 2025, it awarded 62 grants totaling $9.0M. Net investment income was $497K.

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$13M$17M2019202020212022202320242025
Metric202520242023
Total Assets$7,978,087$8,527,230$7,462,307
Revenue$14,811,770$14,448,948$10,665,444
Expenses$15,229,843$14,023,871$10,294,388
Qualifying Distributions———
Net Investment Income$496,924$707,101$384,322
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS January 20, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS February 12, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS February 10, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS February 13, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS December 11, 2023)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS February 13, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS January 27, 2026)

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$7M$9M37 grants201937 grants202034 grants202130 grants202252 grants202352 grants202462 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

State Fish & Game Program Funding: $6.0MState Fish & Game ProgramFunding$6.0MArizona Game & Fish: $358KArizona Game & Fish$358KWild Sheep Legacy Foundation: $325KWild Sheep Legacy Foundation$325KLeading Edge Aviation LLC: $163KLeading Edge Aviation LLC$163KHeli Source Ltd: $119KHeli Source Ltd$119KTown of Vail: $118KTown of Vail$118KConservation Visions: $100KConservation Visions$100KGia 2425-55: $99KGia 2425-55$99KVectronic Aerospace: $83KVectronic Aerospace$83KConklin Foundation: $76KConklin Foundation$76K

Grant Size Distribution

230 grants across all recorded years

153<$50K41$50–100K26$100–250K4$250–500K$500K–1M5$1–5M1$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include State Fish & Game Program Funding ($6,011,824), Arizona Game & Fish ($357,900), Wild Sheep Legacy Foundation ($324,825).

RecipientPurposeAmount
STATE FISH & GAME PROGRAM FUNDING SHEEP ENHANCEMENT$6,011,824
ARIZONA GAME & FISH —$357,900
WILD SHEEP LEGACY FOUNDATION SHEEP ENHANCEMENT$324,825
LEADING EDGE AVIATION LLC SHEEP ENHANCEMENT$162,867
HELI SOURCE LTD SHEEP ENHANCEMENT$118,753
TOWN OF VAIL SHEEP ENHANCEMENT$117,924
CONSERVATION VISIONS SHEEP ENHANCEMENT$100,000
GIA 2425-55 SHEEP ENHANCEMENT$98,556
VECTRONIC AEROSPACE SHEEP ENHANCEMENT$82,550
CONKLIN FOUNDATION SHEEP ENHANCEMENT$76,450

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

Gray Thornton — President/Ce: $397KGray ThorntonPresident/Ce$397K

From 2025 IRS filing

NameTitleHoursCompensation
Gray ThorntonPresident/Ce60$397,082
Clinton BentleyDirector3—
Bralli CliffordDirector3—
Sam CunninghamDirector3—
Jann DemaskeSecretary3—
Larry JacobsTreasurer3—
Larry JohnsDirector3—
Kevin KehoeDirector3—
Charlie KellyChair3—
Emilio RangelDirector3—
Kyle StelterVice Chair3—
Logan YoungDirector3—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Wild Sheep Foundation?

Wild Sheep Foundation is a nonprofit organization focused on Environment & Animals, based in Bozeman, MT. It holds $8.0M in total assets as of 2025.

How large is Wild Sheep Foundation?

As of 2025, Wild Sheep Foundation holds $8.0M in total assets with $14.8M in annual revenue. It awarded 62 grants totaling $9.0M in 2025.

What size grants does Wild Sheep Foundation award?

In 2025, Wild Sheep Foundation awarded 62 grants totaling $9.0M — an average of about $144K per grant, based on its IRS Form 990 filings.

What is Wild Sheep Foundation's EIN?

Wild Sheep Foundation's EIN (Employer Identification Number) is 42-1109229. IRS Form 990 filing data is available on this page for 2019–2025.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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