Foundation For Community Vitality
- Assets
- $2.0m
- Revenue
- $803.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 04/1997
- Data as of
- 12/2020
- EIN
- 84-1376323
Organization Overview
Foundation For Community Vitality is located in Billings, MT. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Foundation For Community Vitality 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 12/2020, Foundation For Community Vitality generated $803.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $769.4k during the year ending 12/2020. While expenses have increased by 17.8% per year over the past 3 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 2019, Foundation For Community Vitality has awarded 57 individual grants totaling $1,299,344. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Scott President | 1 | $41,446 | |
Michelle Sullivan Director | 1 | $0 | |
Harvey Stewart Director | 1 | $0 | |
James R Scott Sec/treas. | 1 | $0 | |
Christine Scott Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $155 |
| Dividends & Interest | $705,478 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $98,131 |
| Capital Gain Net Income | $98,131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $803,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $41,446 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,551 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $636 |
| Printing and publications | $0 |
| Other expenses | $121,529 |
| Total operating and administrative expenses | $199,711 |
| Contributions, gifts, grants paid | $569,691 |
| Total expenses and disbursements | $769,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,212 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,992,531 |
| 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 | $45,752 |
| Total liabilities | $45,752 |
Grants Awarded
Over the last fiscal year, Foundation For Community Vitality has awarded $569,691 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Garryowen, MT PURPOSE: CROW FOOD PROGRAM AND OPERATING EXPENSES | $94,900 |
CITY OF LODGE GRASS PURPOSE: MEDICINE WHEEL AND CLEAN UP | $94,116 |
PLENTY DOORS COMMUNITY DEVELOPMENT CORP PURPOSE: ADMINISTRATIVE EXPENSES AND SEWER REPAIR | $55,000 |
Crow Agency, MT PURPOSE: CROW WATER QUALITY | $50,909 |
Bozeman, MT PURPOSE: ART COVID SUPPLIES | $41,718 |
Lodge Grass, MT PURPOSE: COVID AND OPERATIONAL EXPENSES | $28,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Community Vitality has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Peoples Partners For Community Development Lame Deer, MT PURPOSE: To help with PPCDs pursue its mission | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Community Development Corporation Missoula, MT | $128,107,962 | $17,427,104 |
Rocky Mountain Development Council Inc Helena, MT | $19,568,493 | $12,980,509 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
Western South Dakota Community Action Inc Rapid City, SD | $273,358 | $4,989,303 |
Council Of Community Services Gillette, WY | $4,502,948 | $3,710,505 |
Sioux Falls Development Foundation Inc Sioux Falls, SD | $50,584,468 | $7,701,176 |
East Central Idaho Planning And Development Association Rexburg, ID | $26,888,994 | $3,244,915 |
Community Action Partnership Association Of Idaho Boise, ID | $322,492 | $2,196,059 |
Technology For Rural Enhancement Of Communities Belle Fourche, SD | $1,025,432 | $1,756,626 |
Stark Development Corporation Dickinson, ND | $9,498,776 | $1,783,751 |
Northeastern South Dakota Health Plan Milbank, SD | $31,039,303 | $1,628,510 |
Nacdc Financial Services Inc Browning, MT | $10,612,328 | $4,375,073 |