Margaret V Ping Foundation
- Assets
- $766.7k
- Revenue
- $70.5k
- Investments
- $725.1k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 06/2009
- Data as of
- 12/2021
- 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 12/2021, Margaret V Ping Foundation generated $70.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $101.3k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Margaret V Ping Foundation has awarded 72 individual grants totaling $483,070. 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 | |
Edward Gulick Secretary | 1 | $0 | |
Valerie Mcmurtry Vice President | 1 | $0 | |
Mark Moak Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,070 |
| Capital Gain Net Income | $54,070 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $561 |
| Depreciation | $0 |
| Occupancy | $322 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $11,336 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $101,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,959 |
| 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 | $600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $766,655 |
| 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, Margaret V Ping Foundation has awarded $90,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
YWCA PURPOSE: PHILANTHROPIC PURPOSES | $10,000 |
HELPING HANDS PURPOSE: PHILANTHROPIC PURPOSES | $10,000 |
FAMILY SERVICES OPERATIONS PURPOSE: PHILANTHROPIC PURPOSES | $10,000 |
Billings, MT PURPOSE: PHILANTHROPIC PURPOSES | $10,000 |
MOUNTAIN HOME PURPOSE: PHILANTHROPIC PURPOSES | $8,000 |
CROW LANGUAGE CONSORTIUM PURPOSE: PHILANTHROPIC PURPOSES | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |