Montana Healthcare Foundation
- Assets
- $254.9m
- Revenue
- $24.1m
- Investments
- $253.0m
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 46-6854005
Organization Overview
Montana Healthcare Foundation is located in Bozeman, MT. The organization was established in 2013. 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. Montana Healthcare 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 12/2021, Montana Healthcare Foundation generated $24.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $10.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montana Healthcare Foundation has awarded 859 individual grants totaling $44,132,329. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN INDIAN HEALTH: SEE STATEMENT 17
BEHAVIORAL HEALTH: SEE STATEMENT 17
PUBLIC HEALTH: SEE STATEMENT 17
OTHER CHARITABLE ACTIVITIES: SEE STATEMENT 17
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Underriner Treasurer | 10 | $36,000 | |
Michael Harrington Trustee | 9.5 | $36,000 | |
Denis Prager Trustee | 2.3 | $24,000 | |
Gerald Gray Secretary | 9 | $36,000 | |
Judith Lapan Chair | 10 | $36,000 | |
Joanne Pieper Trustee | 9 | $36,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manatt Phelps & Phillips | 12/30/22 | $260,000 |
Jg Research & Evaluation | 12/30/22 | $211,000 |
Nepc Llc | 12/30/22 | $199,397 |
Clark Nuber | 12/30/22 | $88,079 |
Rjs & Associates | 12/30/22 | $72,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,300,300 |
| Interest on Savings | $1,417 |
| Dividends & Interest | $1,823,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,699,150 |
| Capital Gain Net Income | $8,390,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $248,696 |
| Total Revenue | $24,073,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $522,734 |
| Other employee salaries and wages | $1,315,833 |
| Pension plans, employee benefits | $373,201 |
| Interest | $0 |
| Taxes | $135,000 |
| Depreciation | $10,164 |
| Occupancy | $142,325 |
| Travel, conferences, and meetings | $63,146 |
| Printing and publications | $2,622 |
| Other expenses | $1,039,056 |
| Total operating and administrative expenses | $4,002,817 |
| Contributions, gifts, grants paid | $6,603,673 |
| Total expenses and disbursements | $10,606,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,840 |
| Savings and temporary cash investments | $1,470,681 |
| 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 | $15,029 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $119,931,197 |
| Net Land, buildings, and equipment | $10,164 |
| Other assets | $98,884 |
| Total assets | $254,936,905 |
| Accounts payable and accrued expenses | $132,231 |
| Grants payable | $2,754,931 |
| 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 | $2,887,162 |
Grants Awarded
Over the last fiscal year, Montana Healthcare Foundation has awarded $9,037,135 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION INC PURPOSE: BUTTE HOUSING IS HEALTHCARE (HIH) DATA COORDINATION PROJECT | $21,446 |
BARRETT HOSPITAL AND HEALTHCARE PURPOSE: BEHAVIORAL HEALTH CONSOLIDATION GRANT | $50,000 |
ALTERNATIVES INC PURPOSE: HIGH RISK TARGET CASE MANAGEMENT PILOT PROJECT | $50,000 |
ALLIANCE FOR YOUTH INC PURPOSE: DEVELOPMENT OF RECOVERY SUPPORT SERVICES FUNDING MODEL AND PEER SUPPORT CAPACITY BUILDING, IMPLEMENTATION, EVALUATION AND INTEGRATION INTO CRISIS INTERVENTION PROGRAM | $37,500 |
BEHAVIORAL HEALTH ALLIANCE OF MONTANA PURPOSE: SUSTAINABLE OPERATING FUNDING | $25,000 |
BENEFIS HEALTH SYSTEM FOUNDATION PURPOSE: ADVANCING INTEGRATED BEHAVIORAL HEALTH IN NORTH CENTRAL MONTANA | $100,000 |