Montgomery Family Foundation
- Assets
- $2.3m
- Revenue
- $1.5m
- Investments
- $2.2m
- Employees
- 0
- Location
- Lake View, NY
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-6620815
Organization Overview
Montgomery Family Foundation is located in Lake View, NY. 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. Montgomery Family 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 Family Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.0% each year . All expenses for the organization totaled $425.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Montgomery Family Foundation has awarded 58 individual grants totaling $1,090,500. 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 |
|---|---|---|---|
Robert L Montgomery Deceased President/trustee | 2 | $0 | |
Carolyn H Montgomery Treasurer/trustee | 2 | $0 | |
Lisa M Hill Trustee | 1 | $5,875 | |
Karen M Risley Trustee | 1 | $5,875 | |
Kathryn M Cambi MD Trustee | 1 | $5,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $654,092 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $767,780 |
| Capital Gain Net Income | $767,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,452,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,757 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $808 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $37,040 |
| Contributions, gifts, grants paid | $388,500 |
| Total expenses and disbursements | $425,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207 |
| Savings and temporary cash investments | $81,278 |
| 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 | $28,260 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $40,549 |
| Total assets | $2,328,394 |
| 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, Montgomery Family Foundation has awarded $286,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BUFFALO PHILHARMONIC ORCHESTRA PURPOSE: TO SUPPORT LIVE SYMPHONIC MUSIC | $35,000 |
BUFFALO MUSEUM OF SCIENCETIFFT NATURE PRESERVE PURPOSE: TO SUPPORT TIFFT NATURE PRESERVE | $30,000 |
BEECHWOOD CONTINUING CARE FOUNDATION PURPOSE: TO SUPPORT TRANSPORTATION VEHICLE PURCHASE | $90,000 |
CARE FOR THE CAPE & ISLANDS - CENTER FOR RESPONSIBLE TRAVEL PURPOSE: TO PRESERVE AND PROTECT THE NATURAL ENVIRONMENT, CULTURAL AND HISTORICAL TREASURES | $2,500 |
FRESH AIR FUND PURPOSE: TO SUPPORT FUND | $5,000 |
HAMBURG ALUMNI FOUNDATION PURPOSE: TO SUPPORT THE HAMBURG CENTRAL SCHOOL DISTRICT | $1,500 |