Storm Castle Foundation
- Assets
- $19.4m
- Revenue
- $1.9m
- Investments
- $16.7m
- Employees
- 0
- Location
- Gallatin Gateway, MT
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 20-8681172
Organization Overview
Storm Castle Foundation is located in Gallatin Gateway, MT. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Storm Castle Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Storm Castle Foundation has awarded 77 individual grants totaling $4,381,434. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PLANS TO MAKE DONATIONS AND GRANTS TO OTHER CHARITABLE ORGANIZATIONS, INCLUDING SCIENTIFIC, EDUCATIONAL AND LITERARY ORGANZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Loewy Davidson President | 1 | $0 | |
James A Davidson Cfo/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $702 |
| Dividends & Interest | $117,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,792,776 |
| Capital Gain Net Income | $1,792,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,910,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,321 |
| Total operating and administrative expenses | $83,089 |
| Contributions, gifts, grants paid | $3,656,507 |
| Total expenses and disbursements | $3,739,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,733,831 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,663,942 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $34,093 |
| Total assets | $19,431,866 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | -$3,800 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,161 |
| Total liabilities | $8,361 |
Grants Awarded
Over the last fiscal year, Storm Castle Foundation has awarded $3,656,507 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Brunswick, ME PURPOSE: EDUCATION | $2,195,000 |
DARTMOUTH COLLEGE PURPOSE: EDUCATION | $636,000 |
UNITED RELIGIOUS INITIATIVE PURPOSE: RELIGIOUS | $140,000 |
PENINSULA BRIDGE PURPOSE: LOW INCOME EDUCATION ASSISTANCE | $110,000 |
US OLYMPIC COMMITTEE PURPOSE: SUPPORT FOR TEAM USA | $103,000 |
HARVARD LAW SCHOOL PURPOSE: EDUCATION | $74,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |
Town Pump Charitable Foundation Butte, MT | $40,763,462 | $8,633,359 |
Pharos Foundation Jackson, WY | $46,452,761 | $4,714,657 |