Flathead Community Foundation Inc
- Assets
- $0.0
- Revenue
- $241.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Kalispell, MT
- Founding
- 10/2006
- Data as of
- 12/2020
- EIN
- 20-3153511
Organization Overview
Flathead Community Foundation Inc is located in Kalispell, MT. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Flathead Community Foundation Inc employed 2 individuals. Flathead Community Foundation Inc 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, Flathead Community Foundation Inc generated $241.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $272.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Flathead Community Foundation Inc has awarded 68 individual grants totaling $812,118. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: TO ENRICH THE LIVES OF PRESENT AND FUTURE GENERATIONS BY SUPPORTING PHILANTHROPY IN THE COMMUNITIES WE SERVE BY GATHERING DONORS' GIFTS IN PERMANENT ENDOWMENTS OR PASS-THROUGH FUNDS; GROWING INDIVIDUAL FUNDS THROUGH WISE INVESTMENT MANAGEMENT; AND DISTRIBUTING FUND PROCEEDS ACCORDING TO DONOR WISHES THROUGH GRANTS TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKINGIN 2020, WE GRANTED $111,403 TO 35 NONPROFIT ORGANIZATIONS
GRANTMAKINGIN 2020, WE GRANTED $111,403 TO 35 NONPROFIT ORGANIZATIONS
GRANTMAKINGIN 2020, WE GRANTED $111,403 TO 35 NONPROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Boyce President | OfficerTrustee | 0 | $0 |
Krista Lammers Secretary | OfficerTrustee | 0 | $0 |
Katy Croft President | OfficerTrustee | 0 | $0 |
Jeff Lewis Director | Trustee | 0 | $0 |
Marcia Spano Director | Trustee | 0 | $0 |
Tyler Weber Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,102 |
| Total Program Service Revenue | $0 |
| Investment income | $4,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,240 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,010 |
| Fees for services: Accounting | $9,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,731 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,100 |
| All other expenses | $35 |
| Total functional expenses | $272,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Flathead Community Foundation Inc has awarded $196,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Kalispell, MT PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Kalispell, MT PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Kalispell, MT PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
HEART PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
ROLFING FAMILY FUND GRANTS PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
HEART PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Flathead Community Foundation Inc has recieved totaling $106,199.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: KALICO ART CENTER | $75,199 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $15,500 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $15,500 |
Endowment Analysis
| Beg. Balance | $248,096 |
| Admin Expense | $248,096 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND | $123,601,833 | $30,025,035 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Whitefish Community Foundation Inc Whitefish, MT | $55,891,446 | $19,214,103 |
Yellowstone Club Community Foundaction Bozeman, MT | $7,118,258 | $8,242,753 |
Montana Community Foundation Inc Helena, MT | $124,041,175 | $24,837,343 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
Black Hills Area Community Foundation Rapid City, SD | $46,752,001 | $12,495,187 |
Oahe Foundation Pierre, SD | $25,933,233 | $2,879,958 |
Central Montana Foundation Lewistown, MT | $44,762,262 | $14,999,910 |