Montana Medical Association Foundation
- Assets
- $209.0k
- Revenue
- $151.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3696068
Organization Overview
Montana Medical Association Foundation is located in Helena, MT. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Medical Association 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, Montana Medical Association Foundation generated $151.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $177.8k 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
TO SUSTAIN THE FUTURE OF MEDICINE IN MONTANA BY PROMOTING AND SUPPORTING PROGRAMS THAT SUPPORT MEDICAL EDUCATION, PHYSICAL HEALTH, AND EXCELLENCE IN PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESOURCES, FUNDING, AND LEADERSHIP TOWARD SUPPORTING AND ENHANCING THE MONTANA MEDICAL ASSOCIATION FOUNDATION'S HELP PROGRAM.
TO SEEK OUT, PROPERLY RECEIVE, INVEST, AND DISTRIBUTE GRANTS OF GIFTS MADE TO THE CORPORATION IN ACCORDANCE WITH THE CORPORATION'S BYLAWS, POLICIES, AND VISION AND VALUES; THIS SHALL INCLUDE, WITHOUT LIMITATION, THE RECEIVING OF MONETARY GIFTS, GRANTS, MEMORIALS, MONETARY AWARDS AND OTHER INCOME.
TO PROVIDE SCHOLARSHIPS AND TRAVEL EXPENSES TO MEETINGS FOR MEDICAL STUDENTS IN THE WWAMI PROGRAM, OR ITS EQUIVALENT AND TO PROVIDE MONEY TO HELP ALLOW PHYSICIAN GROUPS OR ASSOCIATIONS TO CONTINUE THEIR EDUCATIONAL PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Gallea President | OfficerTrustee | 6 | $0 |
Marc Mentel Member | Trustee | 4 | $0 |
Nicole Clark Vice President | OfficerTrustee | 4 | $0 |
Sarah Morgan Secretary/treasurer | OfficerTrustee | 4 | $0 |
Roman Hendrickson Member | Trustee | 4 | $0 |
Carley Robertson Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,210 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,040 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $151,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,251 |
| 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 | $110,000 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,307 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $27 |
| Total functional expenses | $177,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,160 |
| Savings and temporary cash investments | $55,010 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,805 |
| Total assets | $208,975 |
| Accounts payable and accrued expenses | $790 |
| 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 | $790 |
| Net assets without donor restrictions | $73,391 |
| Net assets with donor restrictions | $134,794 |
| 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 | $208,975 |
Grants Awarded
Over the last fiscal year, Montana Medical Association Foundation has awarded $62,251 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA MEDICAL ASSOCIATION PURPOSE: TO PROVIDE RESOURCES, FUNDING, AND LEADERSHIP TOWARD SUPPORTING AND ENHANCING THE MONTANA MEDICAL ASSOCIATION'S LEADERSHIP PROGRAM. | $28,171 |
MONTANA PROFESSIONAL HEALTH AND WELLBEING PROGRAM PURPOSE: TO PROVIDE FUNDING TO START THE MONTANA PROFESSIONAL HEALTH AND WELLBEING PROGRAM. | $19,080 |
SAFE COMMUNITIES COALITION ACTION FUND PURPOSE: TO HELP WITH FUNDING FOR GRANT APPLICATIONS | $15,000 |