Flathead Educational Foundation
- Assets
- $2.4m
- Revenue
- $296.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 81-6013249
Organization Overview
Flathead Educational Foundation is located in Kalispell, MT. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flathead Educational 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, Flathead Educational Foundation generated $296.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $150.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Flathead Educational Foundation has awarded 299 individual grants totaling $890,433. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Interstate Bank Trust Dept Trustee | 2 | $24,956 | |
Kimberly More President | 0 | $0 | |
Brendan Craig Secretary-Treasurer | 0 | $0 | |
Micah Hill Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,472 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $218,373 |
| Capital Gain Net Income | $218,373 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $296,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,956 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,641 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $29,927 |
| Contributions, gifts, grants paid | $120,500 |
| Total expenses and disbursements | $150,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,758 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,213,722 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $396 |
| Total assets | $2,429,881 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Flathead Educational Foundation has awarded $120,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY CLEVELAND PURPOSE: SCHOLARSHIP | $4,500 |
LARK OLSON PURPOSE: SCHOLARSHIP | $4,500 |
KENNA VANORNY PURPOSE: SCHOLARSHIP | $4,500 |
THOMAS WELLS PURPOSE: SCHOLARSHIP | $4,500 |
KENZIE WILLIAMS PURPOSE: SCHOLARSHIP | $4,500 |
BRIDGET CROWLEY PURPOSE: SCHOLARSHIP | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |
Lake Area Technical College Foundation Watertown, SD | $28,796,845 | $15,847,172 |