Central Montana Foundation
- Assets
- $44.8m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Lewistown, MT
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 81-0425314
Organization Overview
Central Montana Foundation is located in Lewistown, MT. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Central Montana Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Montana 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, Central Montana Foundation generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Montana Foundation has awarded 196 individual grants totaling $11,889,664. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ACCEPT PROPERTY EXCLUSIVELY FOR EDUCATIONAL, CULTURAL, CHARITABLE OR BENEVOLENT PURPOSES FOR THE BENEFIT, HEALTH AND IMPROVEMENT OF RESIDENTS OF THE CENTRAL MONTANA AREA IS SUCH A WAY THAT THE QUALITY OF LIFE IN CENTRAL MONTANA SHALL BE ENHANCED, WORKING ALONE AND WITH ANY AND ALL OTHER PERSONS AND ORGANIZATIONS DOING SIMILAR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETION OF CREEKSIDE MARKETPLACE AND PAVALION AREA
CONTINUED WORK ON LEWISTOWN SOCCER FIELDS
CONTINUED WORK ON CONSTRUCTION OF NEW COMMUNITY CENTER IN WINNETT MONTANA
ALL OTHER GRANTS TO VARIOUS ORGANIZATIONS FROM THEIR OWN FUND OR FROM GRANTS FROM THE CENTRAL MONTANA FOUNDATION UNDESIGNATED FUNDS. INCLUDING SCHOLARSHIPS TO AREA STUDENTS TO FURTHER THEIR EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Westhoff Vice Preside | OfficerTrustee | $0 | |
Dean Comes President | OfficerTrustee | $0 | |
Josh Webber Vice Preside | OfficerTrustee | $0 | |
Robyn Bakkedahl Secretary/tr | OfficerTrustee | $0 | |
Carl Seilstad Director | Trustee | $0 | |
Powell Becker Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,163,064 |
| Noncash contributions included in lines 1a–1f | $336,104 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,163,064 |
| Total Program Service Revenue | $0 |
| Investment income | $736,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,778 |
| Net Gain/Loss on Asset Sales | $1,075,538 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,999,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,239,480 |
| Grants and other assistance to domestic individuals. | $288,056 |
| 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 | $69,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,035 |
| Payroll taxes | $5,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,525 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15 |
| Office expenses | $14,439 |
| Information technology | $4,608 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $72 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,777 |
| All other expenses | $0 |
| Total functional expenses | $2,786,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,198 |
| Savings and temporary cash investments | $10,133,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $350,000 |
| Investments—publicly traded securities | $33,598,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $654,580 |
| Total assets | $44,762,262 |
| Accounts payable and accrued expenses | $501,906 |
| 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 | $0 |
| Total liabilities | $501,906 |
| Net assets without donor restrictions | $246,255 |
| Net assets with donor restrictions | $44,014,101 |
| 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 | $44,762,262 |
Grants Awarded
Over the last fiscal year, Central Montana Foundation has awarded $2,224,480 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LEWISTOWN- CREEKSIDE PURPOSE: PAVILION | $398,970 |
Lewistown, MT PURPOSE: SOCCER FIELD | $387,363 |
OTHER | | | $277,576 |
Winnett, MT PURPOSE: OPERATING/LAND PURCH | $257,000 |
DENTON AMBULANCE- DENTON LIONS CLUB PURPOSE: AMBULANCE PURCHASE | $232,652 |
Lewistown, MT PURPOSE: 3D MAMMOGRAM/ OTHER | $125,371 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Central Montana Foundation has recieved totaling $3,520,034.
| Awarding Organization | Amount |
|---|---|
Bruno And Evelyne Betti Foundation Billings, MT PURPOSE: PETROLEUM COUNTY COMMUNITY CENTER YOUTH PROGRAM | $1,600,000 |
Bruno And Evelyne Betti Foundation Billings, MT PURPOSE: PETROLEUM COUNTY COMMUNITY CENTER ENDOWMENT | $1,410,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $410,000 |
Central Montana Foundation Lewistown, MT PURPOSE: FIRE RECOVERY | $21,800 |
Bruno And Evelyne Betti Foundation Billings, MT PURPOSE: WINNETT SWIMMING POOL FUND | $20,000 |
Central Montana Foundation Lewistown, MT PURPOSE: YOUTH ACTIVITIES | $15,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fargo-Moorhead Area Foundation Corporation Fargo, ND | $123,601,833 | $30,025,035 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Whitefish Community Foundation Inc Whitefish, MT | $55,891,446 | $19,214,103 |
Yellowstone Club Community Foundaction Bozeman, MT | $7,118,258 | $8,242,753 |
Montana Community Foundation Inc Helena, MT | $124,041,175 | $24,837,343 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
Black Hills Area Community Foundation Rapid City, SD | $46,752,001 | $12,495,187 |
Oahe Foundation Pierre, SD | $25,933,233 | $2,879,958 |
Central Montana Foundation Lewistown, MT | $44,762,262 | $14,999,910 |
One Valley Community Foundation Bozeman, MT | $54,568,108 | $2,058,571 |
Park County Community Foundation Livingston, MT | $5,421,667 | $2,665,834 |