Montague Family Charitable Foundation
- Assets
- $1.2m
- Revenue
- $84.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Clarence Center, NY
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 22-3021981
Organization Overview
Montague Family Charitable Foundation is located in Clarence Center, NY. The organization was established in 1990. 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. Montague Family Charitable 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 12/2022, Montague Family Charitable Foundation generated $84.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $71.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montague Family Charitable Foundation has awarded 151 individual grants totaling $665,124. 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 |
|---|---|---|---|
William P Montague Director | 0.5 | $0 | |
Susan J Montague Director | 0.5 | $0 | |
William Peter Montague Director | 0.5 | $0 | |
Susan M Laino Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $625 |
| Dividends & Interest | $21,740 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,319 |
| Capital Gain Net Income | $62,319 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,684 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $15,230 |
| Contributions, gifts, grants paid | $55,870 |
| Total expenses and disbursements | $71,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,924 |
| Savings and temporary cash investments | $44,360 |
| 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 | $166,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,181,010 |
| 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, Montague Family Charitable Foundation has awarded $55,870 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE CHEST PURPOSE: PROGRAM SERVICES | $750 |
ST GREGORY THE GREAT ROMAN CATHOLIC CHURCH PURPOSE: PROGRAM SERVICES | $8,250 |
ST MARY STAR OF THE SEA PURPOSE: PROGRAM SERVICES | $2,620 |
PUNT PEDIATRIC CANCER COLLABORATIVE PURPOSE: PROGRAM SERVICES | $2,500 |
BUFFALO CITY MISSIONS PURPOSE: PROGRAM SERVICES | $1,000 |
CATHOLIC CHARITIES PURPOSE: PROGRAM SERVICES | $7,500 |