Monfort Family Foundation
- Assets
- $10.3m
- Revenue
- $1.1m
- Investments
- $10.3m
- Employees
- 0
- Location
- Eaton, CO
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 23-7068253
Organization Overview
Monfort Family Foundation is located in Eaton, CO. The organization was established in 1971. 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. Monfort Family 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, Monfort Family Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Monfort Family Foundation has awarded 104 individual grants totaling $15,766,619. 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 |
|---|---|---|---|
Kaye C Monfort President | 5 | $0 | |
Charlie K Monfort Vice President | 5 | $0 | |
Kyle Monfort Futo Vice President | 5 | $0 | |
Dick Monfort Treasurer | 5 | $0 | |
Myra Monfort Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,991 |
| Dividends & Interest | $125,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $934,567 |
| Capital Gain Net Income | $934,567 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,103 |
| Total Revenue | $1,069,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $66,211 |
| Taxes | $20,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,060 |
| Total operating and administrative expenses | $172,458 |
| Contributions, gifts, grants paid | $1,606,000 |
| Total expenses and disbursements | $1,778,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,167 |
| 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 | $31,033 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,334,797 |
| 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 | $2,915,063 |
| Other liabilities | $0 |
| Total liabilities | $2,915,063 |
Grants Awarded
Over the last fiscal year, Monfort Family Foundation has awarded $1,606,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTHERN CO FOUNDATIO PURPOSE: STUDENT PROGRAMS | $700,000 |
COLORADO STATE UNIVERSITY FOUNDATIO PURPOSE: STUDENT PROGRAMS | $410,000 |
JUNIOR ACHIEVEMENT - ROCKY MOUNTAIN PURPOSE: GENERAL OPERATIONS | $5,000 |
UNITED WAY OF WELD COUNTY PURPOSE: GENERAL OPERATIONS | $485,000 |
ADVENTURE WEST COUNCIL INCBOY SCOUT PURPOSE: GENERAL OPERATIONS | $5,000 |
NORTHERN COLORADO FRIENDS OF FERALS PURPOSE: GENERAL OPERATIONS | $1,000 |