Montgomery Foundation
- Assets
- $17.7m
- Revenue
- $318.2k
- Investments
- $17.5m
- Employees
- 0
- Location
- Coshocton, OH
- Founding
- 05/1972
- Data as of
- 12/2022
- EIN
- 23-7165768
Organization Overview
Montgomery Foundation is located in Coshocton, OH. The organization was established in 1972. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Montgomery Foundation generated $318.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $709.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montgomery Foundation has awarded 82 individual grants totaling $4,083,049. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKING OF CONTRIBUTIONS TO PRE-SELECTED ORGANIZATIONS. SEE SCHEDULE OF CONTRIBUTIONS OF 426,821 TO 14 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda M Scott President/ex | 40 | $64,200 | |
Rhoda Warnock Vice Preside | 0.5 | $0 | |
Robert Mauch Secretary | 0.5 | $0 | |
Kandy Sampsel Tresurer | 0.5 | $0 | |
Michael Manning Trustee | 0.5 | $0 | |
David Shutt Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $147,079 |
| Dividends & Interest | $269,378 |
| Net Rental Income | $16,944 |
| Net Gain on Sale of Assets | -$163,376 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $318,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,405 |
| Interest | $0 |
| Taxes | $9,959 |
| Depreciation | $0 |
| Occupancy | $3,600 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,234 |
| Total operating and administrative expenses | $282,910 |
| Contributions, gifts, grants paid | $426,821 |
| Total expenses and disbursements | $709,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,532 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,384 |
| Net Investments - land, buildings, equipment | $23,748 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,417 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,670,402 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $259,836 |
| Total liabilities | $259,836 |
Grants Awarded
Over the last fiscal year, Montgomery Foundation has awarded $426,821 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
COSHOCTON COMMUNITY CHOIR PURPOSE: ANNUAL APPEAL | $500 |
COSHOCTON BOARD DD PURPOSE: PLAYGROUND EQUIPMENT | $10,000 |
COSHOCTON COUNTY EMS PURPOSE: CARDIAC EQUIPMENT | $20,000 |
COSHOCTON CITY SCHOOLS PURPOSE: VIDEO LIBRARY | $5,000 |
COSHOCTON PARK DISTRICT PURPOSE: LIVESTOCK | $5,000 |
COSHOCTON PUBLIC LIBRARY PURPOSE: CAPITAL IMPROVEMENTS | $20,000 |