Commit Foundation
- Assets
- $984.1k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Bozeman, MT
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-5219311
Organization Overview
Commit Foundation is located in Bozeman, MT. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Commit Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commit 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 12/2023, Commit Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. 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 COMMIT FOUNDATION EMPOWERS SERVICE MEMBERS, VETERANS, AND THEIR FAMILIES THROUGH PERSONALIZED PROGRAMS, RESOURCES, AND THE SUPPORT OF OUR COMMUNITY TO CREATE PURPOSEFUL AND FULFILLING TRANSITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMIT'S ONE-ON-ONE TRANSITION ASSISTANCE PROGRAM IS FOUNDED ON THE CONCEPT OF IDENTIFYING EXACTLY WHERE THE VETERAN IS IN THEIR TRANSITION JOURNEY, COACHING THEM THROUGH A SET OF EXERCISES DESIGNED TO HELP THEM DETERMINE WHAT LIVES THEY WANT TO LIVE POST-SERVICE, AND CONNECTING THEM WITH PEOPLE WHO CAN HELP MAKE THE LIFE THEY'VE DESIGNED A REALITY. THESE SERVICES CAN INCLUDE EXECUTIVE COACHING, CAREER COUNSELING, PROFESSIONAL RESUME WRITING, SCHOLARSHIPS FOR SKILLS TRAINING/DEGREE PROGRAMS, AND INTERVIEW PREPARATION.
PARTICIPANTS WORK WITH COMMIT FOR MANY MONTHS, RECEIVING INDIVIDUALIZED SERVICES. VETERANS IDENTIFY THEIR VALUES, STRENGTHS AND SKILLS IN ORDER TO FOCUS THEIR CAREER CHOICES. SERVICES INCLUDE EXECUTIVE COACHING, MENTORING SESSIONS, PROFESSIONAL DEVELOPMENT, RESUME ASSISTANCE, INTERVIEW PREPARATION, NETWORKING OPPORTUNITIES, REFERRALS, SCHOLARSHIP ASSISTANCE AND ONLINE PROGRAMMING.
TRANSITION MENTORING WORKSHOPS: IN TRANSITION MENTORING WORKSHOPS, SMALL GROUPS OF TRANSITIONING MILITARY PERSONS COME TOGETHER WITH FACILITATORS AND BUSINESS MENTORS. LED BY PROFESSIONAL FACILITATORS, SERVICE MEMBERS AND VETERANS WORK THROUGH A SERIES OF MODULES FOCUSED ON VALUES, STRENGTHS, CULTURE AND OPPORTUNITIES TO CHANGE PERSPECTIVES AND IMPROVE TRAJECTORIES. REINFORCING INTEGRITY, FAMILY AND THE PASSIONATE PURSUIT OF A MEANINGFUL CAREER, SERVICE MEMBERS AND VETERANS HEAR FROM AND PERSONALLY ENGAGE WITH SUCCESSFULLY TRANSITIONED LEADERS IN THE CIVILIAN WORKFORCE FROM A VARIETY OF INDUSTRIES. WE TAKE A HARD LOOK AT THE INDUSTRIES, INTERESTS AND SKILLS OF WORKSHOP PARTICIPANTS IN ORDER TO ALIGN WORLD CLASS MENTORS FROM SPECIFIC INDUSTRIES, BACKGROUNDS AND LOCATIONS TO PROVIDE GAME CHANGING VALUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Riley COO | 40 | $132,113 | |
Alexander Krongard CEO | OfficerTrustee | 50 | $129,264 |
Brian Von Herbulis Cpo | 40 | $109,154 | |
Shannon Kopp Executive Coach | 40 | $111,418 | |
Amy M Taft Csio | 40 | $107,453 | |
Brian Rauch Dir Info Systems | 40 | $101,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,751 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,005,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,011,028 |
| Total Program Service Revenue | $278,325 |
| Investment income | $4,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,285,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,332 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,097 |
| Compensation of current officers, directors, key employees. | $14,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,117,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,681 |
| Payroll taxes | $104,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,072,132 |
| Advertising and promotion | $24,856 |
| Office expenses | $9,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $221,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,879 |
| Insurance | $2,211 |
| All other expenses | $0 |
| Total functional expenses | $3,184,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $251,507 |
| 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 | $9,436 |
| Net Land, buildings, and equipment | $3,375 |
| Investments—publicly traded securities | $15,746 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $111,377 |
| Other assets | $0 |
| Total assets | $984,102 |
| Accounts payable and accrued expenses | $140,342 |
| 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 | $140,342 |
| Net assets without donor restrictions | $355,967 |
| Net assets with donor restrictions | $487,793 |
| 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 | $984,102 |