Montrose Foundation Inc
- Assets
- $2.8m
- Revenue
- $443.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Hillsborough, NC
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 26-1127627
Organization Overview
Montrose Foundation Inc is located in Hillsborough, NC. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Montrose 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 12/2021, Montrose Foundation Inc generated $443.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $284.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVING HISTORIC MONTROSE GARDENS, EDUCATING THE PUBLIC THROUGH TOURS & LECTURES, AND PLANT PROPAGATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Dykes President | 3 | $6,010 | |
Mary Banks Knechtle Director | 0 | $0 | |
Nancy S Goodwin Sec/treas | 40 | $0 | |
Ellie Meade Director | 0 | $0 | |
Elizabeth Woodman Director | 0 | $0 | |
Schatzie Crowther Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,850 |
| Interest on Savings | $0 |
| Dividends & Interest | $63,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $77,112 |
| Net ST Capital Gain | $9,061 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,353 |
| Total Revenue | $443,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $209,737 |
| Pension plans, employee benefits | $17,264 |
| Interest | $0 |
| Taxes | $818 |
| Depreciation | $890 |
| Occupancy | $5,182 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,915 |
| Total operating and administrative expenses | $284,289 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $284,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,860 |
| Savings and temporary cash investments | $66,210 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,666 |
| Other assets | $1,934 |
| Total assets | $2,774,388 |
| 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 | $6,123 |
| Total liabilities | $6,123 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montrose Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Classical American Homes Preservation Trust Hillsborough, NC PURPOSE: MADE IN MEMORY OF CRAUFORD GOODWIN, WHO OWNED THE ADJACENT PROPERTY TO AYR MOUNT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Employees Credit Union Foundation Raleigh, NC | $54,794,768 | $18,518,126 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Campbell Young Leaders Inc Greenville, SC | $34,637,987 | $7,007,042 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Moore Farms Botanical Garden Foundation Lake City, SC | $7,988,392 | $2,099,445 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Agecroft Association Richmond, VA | $24,452,362 | $3,235,294 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |
Beech Foundation Inc Conyers, GA | $2,116,092 | $45,755 |
Ships Of The Sea Maritime Museum Inc Savannah, GA | $19,982,417 | $1,881,579 |
Centurion Holdings 1 Inc Atlanta, GA | $91,960,624 | $853,013 |
Margaret Paxton Memorial For Convalesctent Children Leesburg, VA | $9,241,514 | $486,941 |