Montana Childrens Foundation
- Assets
- $32.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 03/1977
- Data as of
- 06/2022
- EIN
- 81-0365625
Organization Overview
Montana Childrens Foundation is located in Helena, MT. The organization was established in 1977. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Childrens 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 06/2022, Montana Childrens Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $10.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FURTHER OPERATIONS OF THE MONTANA CHILDREN'S HOME AND HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED $966,030 TO SHODAIR CHILDREN'S HOSPTIAL FOR CAPITAL IMPROVEMENTS. CONTRIBUTED $8,400,000 TO SHODAIR CHILDREN'S HOSPITAL FOR THE COSTS INCURRED BY THE HOSPITAL TO STAFF AND OPERATE, INCLUDING OPERATIONAL COVERAGE COSTS.RAISED $876,946 FROM THE CHILDREN'S MIRACLE NETWORK PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joel Maes President | OfficerTrustee | 1 | $0 |
John Nordwick Secretary/treasurer | OfficerTrustee | 1 | $0 |
Rita Gowen Board Member | Trustee | 1 | $0 |
Janet Hedges Board Member (thru Sep 2021) | Trustee | 1 | $0 |
Galen Hollenbaugh Board Member | Trustee | 1 | $0 |
Steven Johnson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ghiorsi & Sorrenti Inc Fundraising Assistance | 6/29/22 | $120,000 |
Children's Miracle Network Membership Dues | 6/29/22 | $102,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,974 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,913,150 |
| Noncash contributions included in lines 1a–1f | $16,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,980,124 |
| Total Program Service Revenue | $0 |
| Investment income | $465,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $66,919 |
| Net Rental Income | $15,000 |
| Net Gain/Loss on Asset Sales | $197,653 |
| Net Income from Fundraising Events | -$16,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,707,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,366,030 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $106,508 |
| Fees for services: Other | $38,272 |
| Advertising and promotion | $11,515 |
| Office expenses | $18,826 |
| Information technology | $11,008 |
| Royalties | $0 |
| Occupancy | $6,421 |
| Travel | $7,110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,015 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,149 |
| Insurance | $0 |
| All other expenses | $1,854 |
| Total functional expenses | $10,005,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,767,195 |
| Savings and temporary cash investments | $1,010,191 |
| Pledges and grants receivable | $770,603 |
| Accounts receivable, net | $26,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,328 |
| Net Land, buildings, and equipment | $8,678,521 |
| Investments—publicly traded securities | $18,921,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,285,330 |
| Total assets | $32,536,990 |
| Accounts payable and accrued expenses | $138,687 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,646,691 |
| Total liabilities | $10,785,378 |
| Net assets without donor restrictions | $15,456,406 |
| Net assets with donor restrictions | $6,295,206 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,536,990 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For South Sound Health Tacoma, WA | $45,819,958 | $23,071,637 |
Childrens Care Hospital & School Sioux Falls, SD | $35,904,421 | $36,613,088 |
Doernbecher Childrens Hospital Foundation Portland, OR | $92,737,460 | $15,494,612 |
Stl Care Company Cedar Rapids, IA | $22,981,124 | $10,407,519 |
Montana Childrens Foundation Helena, MT | $32,536,990 | $3,707,984 |