Missoula Downtown Foundation Inc
- Assets
- $1.0m
- Revenue
- $783.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1872344
Organization Overview
Missoula Downtown Foundation Inc is located in Missoula, MT. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missoula Downtown Foundation Inc 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 12/2021, Missoula Downtown Foundation Inc generated $783.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $298.2k during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSOULA DOWNTOWN FOUNDATION'S PURPOSE IS TO HELP GENERATE LONG-TERM FUNDING FOR IMPLEMENTATION OF THE MASTER PLAN FOR THE GREATER MISSOULA DOWNTOWN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSOULA DOWNTOWN FOUNDATION'S PURPOSE IS TO HELP GENERATE LONG-TERM FUNDING FOR IMPLEMENTATION OF THE MASTER PLAN FOR THE GREATER MISSOULA DOWNTOWN AREA.THE MDF WENT THROUGH A CAPITAL CAMPAIGN TO RAISE FUNDS FOR PHASE 1 IMPLEMENTATION OF THE NORTH RIVERSIDE PARKS AND TRAILS PLAN IN CARAS PARK. THE MDF RAISED OVER $1 MILLION IN ONE OFF AND 3-YEAR PLEDGES. IN 2021 THE TOTAL COLLECTED AMOUNT WAS $498,164.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Mccarthy Executive Director | Officer | 40 | $14,421 |
Libby Brunell President | OfficerTrustee | 1 | $0 |
Christine Littig Vice President | OfficerTrustee | 1 | $0 |
Josh Eder Treasurer | OfficerTrustee | 1 | $0 |
Jared Kuehn Past President | OfficerTrustee | 1 | $0 |
Dan Maronick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $602,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $752,740 |
| Total Program Service Revenue | $0 |
| Investment income | $1,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,679 |
| Net Income from Fundraising Events | $21,525 |
| Net Income from Gaming Activities | $1,918 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $783,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,900 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,526 |
| Office expenses | $429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $954 |
| All other expenses | $0 |
| Total functional expenses | $298,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $729,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,777 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $107,154 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,000 |
| Total assets | $1,034,418 |
| Accounts payable and accrued expenses | $12,812 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,812 |
| Net assets without donor restrictions | $843,606 |
| Net assets with donor restrictions | $178,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,034,418 |
Grants Awarded
Over the last fiscal year, Missoula Downtown Foundation Inc has awarded $139,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MISSOULA PARKS & RECREATION PURPOSE: PHASE 1 OF THE NORTH RIVERSIDE PARKS AND TRAILS PLAN IN CARAS PARK. | $133,000 |
Missoula, MT PURPOSE: TEEN ART PROJECT | $6,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Missoula Downtown Foundation Inc has recieved totaling $10,160.
| Awarding Organization | Amount |
|---|---|
The Summit Beverage-Markovich Family Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
South Segment Community Development Corporation Halliday, ND | $18,333,660 | $2,595,332 |
Fargo Moorhead Convention & Visitors Bureau Inc Fargo, ND | $3,704,311 | $2,547,498 |
Four Bands Community Fund Inc Eagle Butte, SD | $19,022,561 | $5,647,220 |
Emerging Prairie Fargo, ND | $1,252,984 | $1,382,080 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |
Big Sky Economic Development Corporation Billings, MT | $3,059,757 | $1,982,472 |
Dakota Business Lending Fargo, ND | $6,874,323 | $2,297,592 |
Bear Paw Development Corp Of North Montana Hill County Courthouse Havre, MT | $10,546,975 | $3,629,842 |
Capital Matrix Inc Boise, ID | $3,302,883 | $1,706,997 |