Montei Foundation
- Assets
- $18.9m
- Revenue
- $1.6m
- Investments
- $18.8m
- Employees
- 0
- Location
- Dublin, OH
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 31-1736155
Organization Overview
Montei Foundation is located in Dublin, OH. The organization was established in 2001. 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. Montei 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 12/2023, Montei Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Montei Foundation has awarded 103 individual grants totaling $2,311,296. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia K Montei Trustee | 1 | $54,755 | |
Todd R Montei Trustee | 1 | $54,755 | |
William K Burton Trustee | 1 | $54,755 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $565,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $976,620 |
| Capital Gain Net Income | $976,620 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,363 |
| Total Revenue | $1,576,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,264 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $266 |
| Total operating and administrative expenses | $283,803 |
| Contributions, gifts, grants paid | $1,102,184 |
| Total expenses and disbursements | $1,385,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,948 |
| Savings and temporary cash investments | $3,002 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $18,890,592 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Montei Foundation has awarded $1,253,859 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
A SENSE OF HOME PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
BUCKEYE RANCH FOUNDATION PURPOSE: FITNES CENTERFITNESS CENTER | $35,000 |
CAPITAL AREA HUMANE SOCIETY PURPOSE: SECOND CHANCE FUND | $3,000 |
CLEAN THE WORLD FOUNDATION PURPOSE: HYGIENE SUPPLIES TO REFUGEE CAMPS | $30,000 |
EMILIO NARES FOUNDATION PURPOSE: RIDE WITH EMILIO PROGRAM | $25,000 |
BISHOP HARTLEY HIGH SCHOOL PURPOSE: TUITION ASSISTANCE | $25,000 |