Montana Land Title Association Foundation Inc
- Assets
- $664.6k
- Revenue
- $102.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 81-0504409
Organization Overview
Montana Land Title Association Foundation Inc is located in Helena, MT. The organization was established in 1998. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Land Title Association Foundation Inc 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, Montana Land Title Association Foundation Inc generated $102.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $78.1k during the year ending 12/2021. While expenses have increased by 13.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MONTANA NONPROFIT CHARITABLE ORAGANIZATIONS, PROVIDE EDUCATION TO MEMBERS AND PROMOTE KNOWLEDGE AND AWARENESS OF THE REAL ESTATE AND TITLE INSURANCE INDUSTRIES BY THE GENERAL PUBILC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTARY JOURNALS - EASY TO USE NOTARY JOURNALS THAT HAVE A PRIVACY PROTECTION FEATURE FOR INTERESTED PARTIES TO PURCHASE IN THE LAND TITLE INDUSTRY. THESE JOURNALS WERE DEVELOPED TO HELP LAND TITLE OPERATION COMPLY WITH CHANGES IN MONTANA LAW AS REGARDS NOTARY JOURNALS AND TO PROTECT THE IDENTY OF INDIVIDUALS WHO UTILIZE A NOTARY JOURNAL WHILE CONDUCTIN BUSINESS WITH A LAND TITLE INSURER.
SPRING SEMINAR - EDUCATE MEMBERS AND MAINTAIN PROFESSIONAL STANDARDS AND ETHICS.
THE FOUNDATION IS PROVIDING GRANTS TO FURTHER THE EDUCATION OF TITLE INSURANCE AGENTS AS STATED IN ITS ORGANIZATION DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Smelser Secretarytreasurer | Officer | 0 | $0 |
Bob Sewell Vice President | Officer | 0 | $0 |
Stuart Doggett Executive Director | Officer | 0 | $0 |
William C Gowen Jr President | Officer | 0 | $0 |
Mark Josephson Director | Trustee | 0 | $0 |
Carol Kirby Director | Trustee | 0 | $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 | $1,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,614 |
| Total Program Service Revenue | $33,484 |
| Investment income | $67,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $18,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,473 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $6,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25,200 |
| Total functional expenses | $78,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,957 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $655,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $664,645 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $664,645 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $664,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Billings Builders Exchange Inc Billings, MT | $1,461,542 | $433,235 |
Montana Professional Assistance Program Inc Billings, MT | $0 | $0 |
Montana Land Title Association Foundation Inc Helena, MT | $664,645 | $102,254 |
New Leipzig Development Association Mott, ND | $163,016 | $0 |
Fargo Moorhead Human Resource Assoc Fargo, ND | $113,706 | $0 |
Montana Human Resources Development Council Directors Bozeman, MT | $19,760 | $0 |
South Central Development Winner, SD | $910,867 | $45,904 |
Doland Development Association Doland, SD | $25,367 | $0 |
Project Management Institute Boise, ID | $66,494 | $0 |
North Dakota Society For Human Resource Management Council Bismarck, ND | $102,631 | $0 |
Promotion And Advancement Of Local Opportunities Garretson, SD | $17,406 | $0 |