Montera Endowed Scholarship Fund
- Assets
- $454.9k
- Revenue
- $55.0k
- Investments
- $452.8k
- Employees
- 0
- Location
- Eaton, CO
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-1859199
Organization Overview
Montera Endowed Scholarship Fund is located in Eaton, CO. The organization was established in 2005. 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. Montera Endowed Scholarship Fund 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 12/2022, Montera Endowed Scholarship Fund generated $55.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $23.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montera Endowed Scholarship Fund has awarded 60 individual grants totaling $258,933. 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 |
|---|---|---|---|
Richard A Montera President | 1 | $0 | |
Richard L Monfort Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $9,871 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,149 |
| Capital Gain Net Income | $45,149 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $945 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,415 |
| Total operating and administrative expenses | $7,460 |
| Contributions, gifts, grants paid | $16,216 |
| Total expenses and disbursements | $23,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $2,140 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $454,920 |
| 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, Montera Endowed Scholarship Fund has awarded $16,216 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
COLORADO STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
AIMS COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $1,216 |
TOM ENGLEMAN PURPOSE: MEDICAL AIDE | $2,500 |
JOHN KORREY PURPOSE: MEDICAL AIDE | $2,500 |