Great Falls Public Schools Foundation is located in Great Falls, MT. The organization was established in 2010. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Great Falls Public Schools Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Falls Public Schools 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 06/2023, Great Falls Public Schools Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 9.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GFPS FOUNDATION IS TO ENHANCE THE HIGH-QUALITY TEACHING AND LIFE-LONG LEARNING FOR THE STUDENTS IN THE GREAT FALLS PUBLIC SCHOOLS BY FUNDING INNOVATIVE EDUCATIONAL PROGRAMS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO PROGRAMS THAT ENHANCE OPPORTUNITIES FOR EXCELLENCE FOR OUR MOST VULNERABLE STUDENTS AND OUR BRIGHTEST STUDENTS AND TEACHERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Drew Blewett Chair | OfficerTrustee | 2 | $0 |
Joanie Agamenoni Vice Chair | OfficerTrustee | 2 | $0 |
Emily Morrison Treasurer | OfficerTrustee | 2 | $0 |
Ashley Whitney Secretary | OfficerTrustee | 2 | $0 |
Karen Brandvold Past Chair | OfficerTrustee | 2 | $0 |
Jared Brown Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $10,161 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,398,289 |
Noncash contributions included in lines 1a–1f | $1,121,557 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,408,450 |
Total Program Service Revenue | $0 |
Investment income | $182,485 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $141,465 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $115,946 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,848,346 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $705,337 |
Grants and other assistance to domestic individuals. | $407,105 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $96,389 |
Compensation of current officers, directors, key employees. | $19,278 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $108,327 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $825 |
Payroll taxes | $17,289 |
Fees for services: Management | $0 |
Fees for services: Legal | $20 |
Fees for services: Accounting | $15,915 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $6,601 |
Office expenses | $12,434 |
Information technology | $9,633 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,073 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,292 |
All other expenses | $0 |
Total functional expenses | $1,404,498 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $71,085 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $45,316 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $8,036,665 |
Investments—other securities | $1,377,440 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,530,506 |
Accounts payable and accrued expenses | $316 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $316 |
Net assets without donor restrictions | $1,262,162 |
Net assets with donor restrictions | $8,268,028 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $9,530,506 |