Montague Family Foundation
- Assets
- $291.8k
- Revenue
- $9.9k
- Investments
- $279.3k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 63-1181945
Organization Overview
Montague Family Foundation is located in Birmingham, AL. The organization was established in 1996. 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 Family 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 12/2022, Montague Family Foundation generated $9.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $16.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Montague Family Foundation has awarded 70 individual grants totaling $126,025. 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 |
|---|---|---|---|
Norton T Montague President & Director | 5 | $0 | |
Cynthia G Montague Secretary & Treasurer | 1 | $0 | |
Margaret Montague Lauck Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $12,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,570 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$204 |
| Total Revenue | $9,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,176 |
| Contributions, gifts, grants paid | $13,950 |
| Total expenses and disbursements | $16,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,852 |
| Net Accounts receivable | $169 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $470 |
| 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 | $291,780 |
| 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 Family Foundation has awarded $13,950 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST LIGHT PURPOSE: GENERAL FUND | $1,000 |
FIRST LIGHT PURPOSE: GENERAL FUND | -$5,000 |
FRIENDS OF SMITHSONIAN PURPOSE: GENERAL FUND | $150 |
JIMMIE HALE MISSION PURPOSE: RELIGIOUS ACTIVITIES | $1,000 |
MOUNTAIN BROOK BAPTIST CHURCH PURPOSE: RELIGIOUS ACTIVITIES | $100 |
MOUNTAIN BROOK PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS ACTIVITIES | $9,350 |