The G V Sonny Montgomery Foundation
- Assets
- $2.2m
- Revenue
- $224.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Collinsville, MS
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 64-0911785
Organization Overview
The G V Sonny Montgomery Foundation is located in Collinsville, MS. The organization was established in 2000. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G V Sonny Montgomery 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, G V Sonny Montgomery Foundation generated $224.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $222.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, G V Sonny Montgomery Foundation has awarded 222 individual grants totaling $1,121,463. 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 |
|---|---|---|---|
Bradley J Crawford Executive Di | 12 | $20,000 | |
Fred Sullivan Director/vic | 0.25 | $0 | |
Ronnie Walton Director/sec | 0.25 | $0 | |
Pamela C Steverson CPA Director/acc | 0.25 | $0 | |
Alex B Weddington Jr Director/tre | 0.25 | $0 | |
Sid Salter Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,409 |
| Dividends & Interest | $44,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,974 |
| Capital Gain Net Income | $158,974 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,582 |
| Total Revenue | $224,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,987 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,027 |
| Total operating and administrative expenses | $56,501 |
| Contributions, gifts, grants paid | $165,750 |
| Total expenses and disbursements | $222,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,692 |
| Savings and temporary cash investments | $16,836 |
| 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 | $371,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,159,177 |
| 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 | $480 |
| Total liabilities | $480 |
Grants Awarded
Over the last fiscal year, The G V Sonny Montgomery Foundation has awarded $165,750 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AIR FORCE ASSOCIATION CH PURPOSE: EDUCATIONAL | $1,000 |
AIR NATIONAL GUARD CLUB PURPOSE: CONTRIBUTION | $1,000 |
ALL AMERICAN SERVICE PERS PURPOSE: CONTRIBUTION | $500 |
CHOCTAW AREA COUNCIL 302 PURPOSE: CONTRIBUTION | $1,000 |
ARMY NATIONAL GUARD UNIT PURPOSE: CO B, 1ST BN, 111TH AVIATION REGIMEN | $1,000 |
EAST MS BUSINESS DEVELOPMENT CORP PURPOSE: LEADERSHIP LAUDERDALE JR & SR PROGRA | $2,500 |