Betty James And Walter S Montgomery Jr Foundation
- Assets
- $281.5k
- Revenue
- $295.6k
- Investments
- $175.8k
- Employees
- 0
- Location
- Spartanburg, SC
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 26-6131275
Organization Overview
Betty James And Walter S Montgomery Jr Foundation is located in Spartanburg, SC. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betty James And Walter S Montgomery Jr 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, Betty James And Walter S Montgomery Jr Foundation generated $295.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $369.3k 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
GRANTS TO LOCAL CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter S Montgomery Jr Trustee | 0.5 | $0 | |
Betty J Montgomery Trustee | 0.5 | $0 | |
Lillian M Lilly Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,333 |
| Interest on Savings | $3 |
| Dividends & Interest | $2,826 |
| Net Rental Income | -$67,860 |
| Net Gain on Sale of Assets | $5 |
| Capital Gain Net Income | $5 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $295,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $359,254 |
| Total operating and administrative expenses | $359,318 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $369,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,805 |
| Savings and temporary cash investments | $101,858 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $281,497 |
| 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 | $49,076 |
| Total liabilities | $49,076 |
Grants Awarded
Over the last fiscal year, Betty James And Walter S Montgomery Jr Foundation has awarded $6,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE GARDEN CONSERVANCY PURPOSE: SUPPORT CONSERVATION EFFORTS | $2,500 |
HATCHER GARDEN PURPOSE: SUPPORT CONSERVATION EFFORTS | $1,000 |
SALUDA FIRE & RESCUE PURPOSE: SUPPORT OF VOLUNTEER FIRE DEPARTMENT | $500 |
SALUDA HISTORIC DISTRICT PURPOSE: GENERAL OPERATING SUPPORT | $500 |
GIRL SCOUTS OF SC PURPOSE: GENERAL OPERATING SUPPORT | $500 |
FRIENDS OF THE PETRIE PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |