Whitefish Community Foundation Inc
- Assets
- $55.9m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Whitefish, MT
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 81-0533002
Organization Overview
Whitefish Community Foundation Inc is located in Whitefish, MT. The organization was established in 2000. 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, Whitefish Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitefish Community 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, Whitefish Community Foundation Inc generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 15.2% 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, Whitefish Community Foundation Inc has awarded 643 individual grants totaling $31,863,051. 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
THE WHITEFISH COMMUNITY FOUNDATION IS DEDICATED TO ENRICH THE QUALITY OF LIFE IN WHITEFISH BY FOSTERING PHILANTHROPY, BUILDING ENDOWMENTS, AND HELPING DONORS AND NONPROFITS BENEFIT OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCF GRANT PROGRAMS: AWARDED GRANTS TOTALING $401,445 TO 45 LOCAL ORGANIZATIONS THAT SUPPORT ARTS & CULTURE, HEALTH & HUMAN SERVICES, EDUCATION, SPORTS & RECREATION, CONSERVATION AND CIVIC ACTIVITIES, INCLUDING 2 MAJOR GRANTS TOTALING $40,000 WHICH HELPED FLATHEAD LAND TRUST PURCHASE AND PRESERVE THE BAD ROCK CANYON PROPERTY, AND HELPED FUND NORTH VALLEY FOOD BANK'S EXPANSION. WCF ALSO AWARDED EMERGENCY GRANTS TOTALING $16,200 TO HELP FUND COVID-19 AT HOME KITS PROVIDED BY LOGAN HEALTH WHITEFISH, AND URGENTLY NEEDED REPAIRS TO GLACIER NORDIC CLUB'S COURSE LIGHTING.
GREAT FISH COMMUNITY CHALLENGE: A SIX-WEEK LONG FUNDRAISING CAMPAIGN WHICH HELPED 61 NONPROFITS RAISE OVER $3,500,000 AND THE FOUNDATION AWARDED AN ADDITIONAL $665,000 IN MATCHING GRANTS PLUS $15,000 IN INCENTIVE GRANTS. THE ORGANIZATION ALSO PROCESSED ALL GIFTS AND PROVIDED ALL PRINTED MATERIALS, ADVERTISING, AND MARKETING AT AN APPROXIMATE COST TO THE ORGANIZATION OF OVER $285,000.
CHARITABLE FUNDS: HELD AND ADMINISTERED CHARITABLE FUNDS INCLUDING DONOR ADVISED FUNDS, DESIGNATED FUNDS, ANNUITY FUNDS AND AGENCY FUNDS WHICH PAID OUT GRANTS AND SCHOLARSHIPS TOTALING OVER $4M TO CHARITABLE ORGANIZATIONS AND PROVIDED $187,000 IN PROGRAM SUPPORT TO THE ORGANIZATION THROUGH ADMINISTRATIVE FEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Engh-Grady President | Officer | 45 | $119,993 |
Linda Maetzold Board Chair | OfficerTrustee | 2 | $0 |
Ardyce Whisler Vice Chair | OfficerTrustee | 2 | $0 |
Greg Garrison Secretary/treasurer | OfficerTrustee | 2 | $0 |
Sherry Lesar Director | Trustee | 1 | $0 |
Monica Pastor Director | Trustee | 1 | $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 | $16,351,954 |
| Noncash contributions included in lines 1a–1f | $3,145,696 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,351,954 |
| Total Program Service Revenue | $26,732 |
| Investment income | $1,349,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,426,448 |
| Net Income from Fundraising Events | $45,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,214,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,354,217 |
| 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. | $123,593 |
| Compensation of current officers, directors, key employees. | $12,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,229 |
| Payroll taxes | $27,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $131,080 |
| Fees for services: Other | $8,300 |
| Advertising and promotion | $33,892 |
| Office expenses | $8,365 |
| Information technology | $34,596 |
| Royalties | $0 |
| Occupancy | $38,904 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,085 |
| Insurance | $10,800 |
| All other expenses | $5,003 |
| Total functional expenses | $10,144,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,666 |
| Savings and temporary cash investments | $7,226,737 |
| 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 | $1,054,862 |
| Investments—publicly traded securities | $47,104,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,183 |
| Total assets | $55,891,446 |
| Accounts payable and accrued expenses | $26,574 |
| Grants payable | $0 |
| Deferred revenue | $18,550 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,687,064 |
| 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 | $645,190 |
| Total liabilities | $4,377,378 |
| Net assets without donor restrictions | $5,041,471 |
| Net assets with donor restrictions | $46,472,597 |
| 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 | $55,891,446 |
Grants Awarded
Over the last fiscal year, Whitefish Community Foundation Inc has awarded $7,079,391 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
Whitefish, MT PURPOSE: GENERAL SUPPORT | $593,497 |
Kalispell, MT PURPOSE: GENERAL SUPPORT | $304,887 |
WHITEFISH SCHOOL DISTRICT #44 PURPOSE: GENERAL SUPPORT | $301,370 |
Whitefish, MT PURPOSE: GENERAL SUPPORT | $231,407 |
Whitefish, MT PURPOSE: GENERAL SUPPORT | $226,181 |
Kalispell, MT PURPOSE: FACILITY UPGRADE, GENERAL SUPPORT | $186,150 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Whitefish Community Foundation Inc has recieved totaling $72,446.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $54,446 |
Selah Charitable Tr Whitefish, MT PURPOSE: CHARITABLE FOUNDATION | $12,000 |
Blanton Family Foundation San Antonio, TX PURPOSE: GENERAL CHARITABLE FOUNDATION | $6,000 |
Endowment Analysis
| Beg. Balance | $12,684,916 |
| Earnings | $2,377,781 |
| Admin Expense | $103,864 |
| Net Contributions | $962,054 |
| Grants | $367,866 |
| Ending Balance | $15,553,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
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 |