Walnut Foundation
- Assets
- $420.5k
- Revenue
- $1.7k
- Investments
- $100.0k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 07/2004
- Data as of
- 04/2023
- EIN
- 20-1049109
Organization Overview
Walnut Foundation is located in Billings, MT. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut 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 04/2023, Walnut Foundation generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $30.7k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walnut Foundation has awarded 48 individual grants totaling $224,000. 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 |
|---|---|---|---|
M Charles Jackson President | 1 | $0 | |
Michael Jackson Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,921 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,742 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $30,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,053 |
| Savings and temporary cash investments | $317,444 |
| 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 | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $420,497 |
| 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, Walnut Foundation has awarded $25,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA PUBLIC MEDIA PURPOSE: SUPPORT | $2,500 |
CASA MARIA PURPOSE: SUPPORT | $3,500 |
COMMUNITY FOOD BANK PURPOSE: SUPPORT | $4,500 |
LITERACY CONNECTS PURPOSE: SUPPORT | $3,000 |
PRIMAVERA FOUNDATION PURPOSE: SUPPORT | $4,500 |
IMAGO DEI MIDDLE SCHOOL PURPOSE: SUPPORT | $7,000 |