Montgomery Foundation
- Assets
- $17.4m
- Revenue
- $2.1m
- Investments
- $16.9m
- Employees
- 0
- Location
- Coshocton, OH
- Founding
- 05/1972
- Data as of
- 12/2021
- EIN
- 23-7165768
Organization Overview
Montgomery Foundation is located in Coshocton, OH. The organization was established in 1972. 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. Montgomery 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 12/2021, Montgomery Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $801.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montgomery Foundation has awarded 68 individual grants totaling $3,656,228. 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
MAKING OF CONTRIBUTIONS TO PRE-SELECTEDORGANIZATIONS. SEE SCHEDULE OF CONTRIBUTIONS OF$510,524 TO 13 CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Scott President/trustee/admin Di | 30 | $64,200 | |
J Scott Montgomery Lifetime Trustee | 1 | $0 | |
Joseph S Montgomery Lifetime Trustee | 1 | $0 | |
Rhoda Crown Vice President/trustee | 1 | $0 | |
Michael Manning Trustee | 1 | $0 | |
Robert Mauch Secretary/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $67 |
| Dividends & Interest | $373,220 |
| Net Rental Income | $13,040 |
| Net Gain on Sale of Assets | $1,635,257 |
| Capital Gain Net Income | $1,635,257 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $2,073,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $15,595 |
| Interest | $0 |
| Taxes | $36,225 |
| Depreciation | $13,294 |
| Occupancy | $3,600 |
| Travel, conferences, and meetings | $600 |
| Printing and publications | $0 |
| Other expenses | $25,984 |
| Total operating and administrative expenses | $290,692 |
| Contributions, gifts, grants paid | $510,524 |
| Total expenses and disbursements | $801,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $526,348 |
| 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 | $13,131 |
| Net Investments - land, buildings, equipment | $37,412 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,441,268 |
| 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 | $250,726 |
| Total liabilities | $250,726 |
Grants Awarded
Over the last fiscal year, Montgomery Foundation has awarded $510,524 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Coshocton, OH PURPOSE: RESTORATION OF HISTORIC SITE | $198,786 |
Coshocton, OH PURPOSE: CAPITAL IMPROVEMENTS | $100,000 |
Zanesville, OH PURPOSE: CAPITAL PROJECT | $50,000 |
NATIONAL INVENTORS HALL OF FAME PURPOSE: PROGRAM SUPPORT | $45,000 |
COSHOCTON COUNTY AGRICULTURAL SOCIETY PURPOSE: CAPITAL IMPROVEMENTS | $25,000 |
Coshocton, OH PURPOSE: CAPITAL PROJECT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |