Montana Veterans Foundation
- Assets
- $420.2k
- Revenue
- $150.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Helena, MT
- Founding
- 05/2004
- Data as of
- 12/2019
- EIN
- 33-1057024
Organization Overview
Montana Veterans Foundation is located in Helena, MT. The organization was established in 2004. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Montana Veterans Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Veterans 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 12/2019, Montana Veterans Foundation generated $150.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $203.3k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTANA VETERANS FOUNDATION IS DESIGNED TO ASSIST HOMELESS VETERANS (OR VETERANS AT RISK OF HOMELESSNESS) BY IMPROVING THEIR QUALITY OF LIFE AND BY PROVIDING COMPREHENSIVE SUPPORT WHICH ENABLES VETERANS TO ACHIEVE GREATER SELF-SUFFICIENCY. CREATED BY VETERANS FOR VETERANS, THE MONTANA VETERANS FOUNDATION'S GOAL IS TO OFFER INTEGRATED, HOLISTIC, CLINICALLY SOUND, AND FISCALLY RESPONSIBLE TRANSITION SERVICES TO THE VETERAN POPULATION OF MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TEMPORARY HOUSING FOR HOMELESS VETERANS. TO GUIDE EACH VETERAN INTO A LIFESTYLE WHERE HE WILL FIND WORK AND BE ABLE TO SUPPORT HIMSELF AND SECURE HOUSING AND MAINTAIN SOBRIETY.
OFFER SERVICE CENTER TO ANY VETERAN IN THE COMMUNITY; LAUNDRY FACILITY, SHOWER FACILITY, CLOTHING/SUPPLY/HYGIENE ITEMS.
OFFER OPEN PANTRY TO ANY VETERAN IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desiree Bain Executive Director | Officer | 40 | $52,000 |
Renee Mcdaniel-Seiller Vice President | OfficerTrustee | 2 | $0 |
Mike Williams Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mike Anderson President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,297 |
| Total Program Service Revenue | $7,431 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $52,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,890 |
| Office expenses | $5,396 |
| Information technology | $1,231 |
| Royalties | $0 |
| Occupancy | $14,278 |
| Travel | $4,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,252 |
| Insurance | $8,182 |
| All other expenses | $1,930 |
| Total functional expenses | $203,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,352 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $417,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115 |
| Total assets | $420,193 |
| Accounts payable and accrued expenses | $79,187 |
| 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 | $148,527 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $227,714 |
| Net assets without donor restrictions | $192,479 |
| Net assets with donor restrictions | $0 |
| 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 | $420,193 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Montana Veterans Foundation has recieved totaling $24,823.
| Awarding Organization | Amount |
|---|---|
Town Pump Charitable Foundation Butte, MT PURPOSE: EMERGENCY SUPPORT GRANT | $10,000 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $7,352 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $7,352 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Club Kenmare, ND | $1,486,143 | $2,790,806 |
Department Of Montana Veterans Of Foreign Wars Of The United States Whitefish, MT | $302,149 | $1,134,597 |
Big Sky Bravery Foundation Bozeman, MT | $1,728,012 | $2,494,375 |
South Dakota Military Heritage Alliance Inc Sioux Falls, SD | $11,375,976 | $3,644,331 |
Legion Oasis Butte, MT | $1,796,727 | $1,100,949 |
Rocky Boy Veterans Center Box Elder, MT | $339,464 | $950,502 |
American Legion Post 91 Of New Salem New Salem, ND | $1,282,127 | $1,373,595 |
Department Of Montana Veterans Of Foreign Wars Of The United States Kalispell, MT | $1,139,558 | $837,996 |
Veterans Of Foreign Wars Of The United States Dept Of South Dakota Britton, SD | $337,178 | $592,686 |
American Legion Box Elder, MT | $2 | $554,589 |
American Legion Gillette, WY | $679,145 | $606,658 |
American Legion Watertown, SD | $1,107,236 | $564,690 |