Margaret V Ping Foundation
- Assets
- $714.2k
- Revenue
- $35.7k
- Investments
- $668.9k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-4347667
Organization Overview
Margaret V Ping Foundation is located in Billings, MT. The organization was established in 2009. 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. Margaret V Ping 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, Margaret V Ping Foundation generated $35.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $98.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Margaret V Ping Foundation has awarded 71 individual grants totaling $484,970. 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 |
|---|---|---|---|
Candace Forette President | 1 | $0 | |
Valerie Mcmurtry Vice President | 1 | $0 | |
Edward Gulick Secretary | 1 | $0 | |
Mark Moak Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,825 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,920 |
| Capital Gain Net Income | $10,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $841 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $9,593 |
| Contributions, gifts, grants paid | $88,500 |
| Total expenses and disbursements | $98,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,440 |
| 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 | $880 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $714,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, Margaret V Ping Foundation has awarded $88,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATIVE TO VIOLENCE PURPOSE: PHILANTHROPIC PURPOSES | $1,000 |
ANGELA'S PIAZZA PURPOSE: PHILANTHROPIC PURPOSES | $6,000 |
MONTANA AUDUBON CENTER PURPOSE: PHILANTHROPIC PURPOSES | $8,000 |
FAMILY SERVICE OPERATIONS PURPOSE: PHILANTHROPIC PURPOSES | $10,000 |
MISSOULA AREA AGENCY ON AGING INC PURPOSE: PHILANTHROPIC PURPOSES | $5,000 |
MONTANA ENVIRONMENTAL INFORMATION CENTER PURPOSE: PHILANTHROPIC PURPOSES | $7,000 |