Montgomery Family Foundation
- Assets
- $566.5k
- Revenue
- $16.1k
- Investments
- $481.5k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 85-6774044
Organization Overview
Montgomery Family Foundation is located in Chicago, IL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Family 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 12/2023, Montgomery Family Foundation generated $16.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (58.5%) each year. All expenses for the organization totaled $55.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Montgomery Family Foundation has awarded 26 individual grants totaling $127,942. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Montgomery Trustee | 0.25 | $0 | |
Neela Montgomery Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $14,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $216 |
| Capital Gain Net Income | $216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,090 |
| Total Revenue | $16,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,188 |
| Contributions, gifts, grants paid | $52,929 |
| Total expenses and disbursements | $55,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $84,975 |
| 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 | $481,476 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $566,451 |
| 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, Montgomery Family Foundation has awarded $52,929 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL PURPOSES | $500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL PURPOSES | $1,000 |
ARYALOKA BUDDHIST CENTER PURPOSE: GENERAL PURPOSES | $2,000 |
COLLABORATIVE21 PURPOSE: GENERAL PURPOSES | $10,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL PURPOSES | $1,000 |
ESALEN INSTITUTE PURPOSE: GENERAL PURPOSES | $2,000 |