Montague Foundation
- Assets
- $1.8m
- Revenue
- $105.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 04/1997
- Data as of
- 09/2023
- EIN
- 38-3315791
Organization Overview
Montague Foundation is located in Ann Arbor, MI. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Montague 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 09/2023, Montague Foundation generated $105.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $128.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Montague Foundation has awarded 123 individual grants totaling $454,600. 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 |
|---|---|---|---|
Menakka W Bailey Pres/trustee | 2 | $0 | |
Essel W Bailey Jr Treas/truste | 2 | $0 | |
Dyanthe Mcdougal V.p./trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $107 |
| Dividends & Interest | $49,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,745 |
| Capital Gain Net Income | $54,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $105,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,949 |
| Total operating and administrative expenses | $13,719 |
| Contributions, gifts, grants paid | $115,100 |
| Total expenses and disbursements | $128,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,251 |
| Savings and temporary cash investments | $11,915 |
| 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 | $0 |
| Total assets | $1,790,762 |
| 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, Montague Foundation has awarded $115,100 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ARBOR HOSPICE PURPOSE: PROVIDE CARE FOR HOSPICE FAMILIES | $2,500 |
COMMON GROUND PURPOSE: HELPING PEOPLE MOVE FROM CRISIS | $1,000 |
ARTIS-NAPLES PURPOSE: ASSIST PERFORMING ARTS PROGRAMS | $1,600 |
CORNER FOOD PANTRY PURPOSE: SUPPORT FOOD ASSISTANCE | $5,000 |
DETROIT INSTITUTE OF ARTS PURPOSE: ART MUSEUM | $1,000 |
FESTIVAL NAPA VALLEY PURPOSE: BRINGING MUSIC TO SCHOOL | $3,000 |