The G V Sonny Montgomery Foundation
- Assets
- $2.2m
- Revenue
- $199.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Meridian, MS
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 64-0911785
Organization Overview
The G V Sonny Montgomery Foundation is located in Meridian, 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 12/2021, G V Sonny Montgomery Foundation generated $199.3k 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 (3.6%) each year. All expenses for the organization totaled $225.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, G V Sonny Montgomery Foundation has awarded 161 individual grants totaling $794,863. 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 Director/preside | 12 | $20,000 | |
James G Bo Maske Immediate Past President | 0.25 | $0 | |
Ronnie Walton Director/secretary & Atty. | 0.25 | $0 | |
Pamela C Steverson CPA Director/accountant | 0.25 | $0 | |
Alex B Weddington Jr Director/treasurer | 0.25 | $0 | |
Fred Sullivan Director/vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20,999 |
| Dividends & Interest | $41,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,320 |
| Capital Gain Net Income | $133,320 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,112 |
| Total Revenue | $199,281 |
| 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 | $1,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,998 |
| Total operating and administrative expenses | $56,817 |
| Contributions, gifts, grants paid | $168,250 |
| Total expenses and disbursements | $225,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,983 |
| Savings and temporary cash investments | $122,570 |
| 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 | $2,760 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $616,027 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,156,460 |
| 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 | $127 |
| Total liabilities | $127 |
Grants Awarded
Over the last fiscal year, The G V Sonny Montgomery Foundation has awarded $168,250 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
MS STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR LEADERSHIP AWARDEES & ROTC SCHOLARSHIPSAND PLEDGE FOR NEW FACILITY | $75,000 |
NATIONAL GUARD YOUTH FOUNDATION PURPOSE: CAMP SHELBY YOUTH CHALLENGE PROGRAM | $20,000 |
MS VETERANS AFFAIRS PURPOSE: COMMITMENT CONTRIBUTION | $10,000 |
Chattanooga, TN PURPOSE: ANNUAL SCHOLARSHIP | $10,000 |
Meridian, MS PURPOSE: EDUCATIONAL | $10,000 |
MS NATIONAL GUARD NCO ASSOCIATION PURPOSE: CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Mr & Mrs E H Sumners Foundation Jackson, MS | $72,595,869 | $8,309,284 |
4point0 Schools New Olreans, LA | $9,724,702 | $6,283,360 |
New Orleans School Facility Finance Foundation New Orleans, LA | $104,818,685 | $1,309,211 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |
H C Drew Estate Lake Charles, LA | $104,014,829 | $10,558,420 |
The University Of Arkansas Fort Smith Foundation Inc Fort Smith, AR | $118,416,954 | -$649,824 |
St Georges Independent Schools Foundation Collierville, TN | $31,055,433 | $2,932,779 |
Career Compass Of Louisiana Baton Rouge, LA | $1,481,294 | $1,962,799 |