Montana Community Foundation Inc
- Assets
- $124.0m
- Revenue
- $24.8m
- Investments
- $119.4m
- Employees
- 20
- Location
- Helena, MT
- Founding
- 05/1988
- Data as of
- 06/2020
- EIN
- 81-0450150
Organization Overview
Montana Community Foundation Inc, operating under the name Na, is located in Helena, MT. The organization was established in 1988. 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 06/2022, Na employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Na 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 06/2020, Na generated $24.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $8.4m during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 6 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, Na has awarded 2,007 individual grants totaling $36,577,347. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A CULTURE OF GIVING SO MONTANA COMMUNITIES CAN FLOURISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTANA COMMUNITY FOUNDATION BUILDS PERMANENT PHILANTHROPY ACROSS THE STATE OF MONTANA BY ACTING AS A BRIDGE BETWEEN DONORS AND RECIPIENTS. THE FOUNDATION CULTIVATES, MANAGES, AND GIVES CHARITABLE GIFTS AND GRANTS PRIMARILY FOR THE BENEFIT OF MONTANA. CURRENT, PLANNED, AND LEGACY GIVING THROUGH MCF HAS A LASTING IMPACT AS THE MAJORITY OF GIFTS ARE PERMANENTLY ENDOWED FOR THE GOOD OF MONTANA FOREVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Rutherford Ceo/president | Officer | 40 | $190,362 |
Jessica Stewart-Kuntz Vice President | Officer | 40 | $108,161 |
Kacie Tollefson Controller | Officer | 40 | $96,059 |
Tom Mcgree Treasurer | OfficerTrustee | 2 | $0 |
Kelly Bruggeman Board Chair | OfficerTrustee | 2 | $0 |
Ed Eck Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,363,023 |
| Investment income | $1,586,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,689 |
| Net Gain/Loss on Asset Sales | $2,248,659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,837,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $483,785 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $302,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,294 |
| Pension plan accruals and contributions | $37,680 |
| Other employee benefits | $57,922 |
| Payroll taxes | $76,421 |
| Fees for services: Management | $1,295,146 |
| Fees for services: Legal | $2,717 |
| Fees for services: Accounting | $76,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $299,940 |
| Fees for services: Other | $185,164 |
| Advertising and promotion | $12,410 |
| Office expenses | $21,652 |
| Information technology | $152,459 |
| Royalties | $0 |
| Occupancy | $127,077 |
| Travel | $34,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,181 |
| Interest | $199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,550 |
| Insurance | $9,125 |
| All other expenses | $0 |
| Total functional expenses | $8,433,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,853,318 |
| Pledges and grants receivable | $885 |
| Accounts receivable, net | $2,078 |
| 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 | $36,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $119,369,574 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $676,793 |
| Total assets | $124,041,175 |
| Accounts payable and accrued expenses | $118,116 |
| Grants payable | $1,157,368 |
| 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 | $1,776,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,309,739 |
| Total liabilities | $17,361,663 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $106,679,512 |
Grants Awarded
Over the last fiscal year, Montana Community Foundation Inc has awarded $5,283,340 in support to 208 organizations.
| Grant Recipient | Amount |
|---|---|
Ekalaka, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $969,883 |
Stanford, MT PURPOSE: JUDITH BASIN FAIRGROUNDS | $285,860 |
West Yellowstone, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $167,223 |
Billings, MT PURPOSE: COMMERCIAL REFRIGERATOR | $106,736 |
Billings, MT PURPOSE: EMERGENCY SHELTER FACILITY | $104,483 |
Lame Deer, MT PURPOSE: COVID-19 RELIEF, ADMINISTRATIVE ASSISTANT POSITION, CREDIT UNION PROGRAM, PURCHASE OF MEAT PROCESSING FREEZER | $99,309 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Montana Community Foundation Inc has recieved totaling $1,569,577.
| Awarding Organization | Amount |
|---|---|
Merle Chambers Fund Denver, CO PURPOSE: WFM ENDOWMENT CHALLENGE MATCH (MULTI-YEAR) | $800,000 |
Merle Chambers Fund Denver, CO PURPOSE: WFM ENDOWMENT CHALLENGE MATCH (MULTI-YEAR) | $200,000 |
The Funders Network Inc Coral Gables, FL PURPOSE: PPREP | $159,750 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: PHILANTHROPY/VOLUNTARISM | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $104,000 |
Valley County Community Foundation Inc Glasgow, MT PURPOSE: CONTRIBUTIONS OF AN ENDOWMENT TO SUPPORT OUR OPERATIONS. | $62,827 |
Endowment Analysis
| Beg. Balance | $128,362,212 |
| Earnings | -$14,700,113 |
| Admin Expense | $238,437 |
| Net Contributions | $20,155,817 |
| Grants | $6,038,245 |
| Ending Balance | $127,541,234 |
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 |