The West Mont Foundation
- Assets
- $12.9m
- Revenue
- $704.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 05/2002
- Data as of
- 06/2021
- EIN
- 46-0466591
Organization Overview
The West Mont Foundation is located in Helena, MT. The organization was established in 2002. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, 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. West Mont 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 06/2021, West Mont Foundation generated $704.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $678.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WEST MONT FOUNDATION IS A SINGLE PURPOSE FOUNDATION WHICH WAS DEVELOPED IN 2002 TO SUPPORT THE OPERATING COMPANY, WEST MONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST MONT FOUNDATION HOLDS ALL THE ASSETS FOR RESIDENTIAL AND VOCATIONAL PROPERTIES OCCUPIED BY THE CLIENTS THAT WEST MONT SERVES. THE FOUNDATION IS THE MAJOR FUNDRAISING ENTITY.THE FOUNDATION IS GOVERNED BY A NINE PERSON BOARD OF DIRECTORS. THE ANNUAL MEETING IS HELD IN JANUARY. CURRENTLY FOUR OF THE DIRECTORS ARE ALSO MEMBERS OF THE WEST MONT BOARD, SO INFORMATION IS ALWAYS SHARED BETWEEN BOTH COMPANIES ALTHOUGH ELECTIONS, MEETINGS, MINUTES, FINANCIALS, ETC., ARE ALL CONDUCTED SEPARATELY. THE FOUNDATION REIMBURSES A PERCENTAGE OF SALARY FOR SEVERAL OF THE WEST MONT ADMINISTRATIVE STAFF FOR THEIR TIME SPENT ON FOUNDATION ACTIVITIES. BOTH THE FOUNDATION AND WEST MONT BOARDS PARTICIPATE IN THE ANNUAL EVALUATION OF THE COMPANY PRESIDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Fasbender Vice Chair | OfficerTrustee | 1 | $0 |
Greg Pace Chair | OfficerTrustee | 1 | $0 |
Ashleigh Heimbach President/ceo | Officer | 5 | $0 |
John Betts Director | Trustee | 1 | $0 |
Lin Olson Director | Trustee | 1 | $0 |
Loren Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,923 |
| Total Program Service Revenue | $509,184 |
| Investment income | $130,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,161 |
| Fees for services: Other | $0 |
| Advertising and promotion | $301 |
| Office expenses | $31,936 |
| Information technology | $2,162 |
| Royalties | $0 |
| Occupancy | $2,391 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,795 |
| Insurance | $52,981 |
| All other expenses | $0 |
| Total functional expenses | $678,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,454 |
| Savings and temporary cash investments | $1,170,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $448,297 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,575 |
| Net Land, buildings, and equipment | $6,196,642 |
| Investments—publicly traded securities | $4,706,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,851,340 |
| Accounts payable and accrued expenses | $40,418 |
| Grants payable | $0 |
| Deferred revenue | $46,971 |
| 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 | $1,699,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,787,191 |
| Net assets without donor restrictions | $10,215,525 |
| Net assets with donor restrictions | $848,624 |
| 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 | $12,851,340 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The West Mont Foundation has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Art Center Helena, MT PURPOSE: CALDWELL HOUSE CONNECTED TO SPRING MEADOW LAKE | $300 |
Endowment Analysis
| Beg. Balance | $780,123 |
| Earnings | -$90,750 |
| Admin Expense | $11,107 |
| Ending Balance | $678,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dakota Boys And Girls Ranch Foundation Minot, ND | $51,874,796 | $23,890,596 |
Boyd Andrew Management Services Helena, MT | $2,441,754 | $1,446,288 |
Anne Carlsen Center Foundation Jamestown, ND | $76,726,782 | $9,459,808 |
Youth And Family Services Foundation Rapid City, SD | $3,367,058 | $604,909 |
The West Mont Foundation Helena, MT | $12,851,340 | $704,619 |
Nhn Livingston, MT | $168,501 | $681,700 |
Casa For Kids Inc Kalispell, MT | $671,067 | $654,636 |
Cheyhome Inc Cheyenne, WY | $0 | $31,658 |
St Johns Foundation Billings, MT | $17,689,339 | $2,141,948 |
Childrens Village Foundation Inc Coeur Dalene, ID | $3,441,364 | $1,271,724 |
Swrs Inc Cheyenne, WY | $1,175,110 | $3,500 |
Prohome Inc Cheyenne, WY | $505,710 | $44,400 |