Montana Healthcare Foundation
- Assets
- $211.8m
- Revenue
- $27.6m
- Investments
- $205.6m
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 09/2013
- Data as of
- 12/2020
- EIN
- 46-6854005
Organization Overview
Montana Healthcare Foundation is located in Bozeman, MT. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Montana Healthcare 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 12/2020, Montana Healthcare Foundation generated $27.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montana Healthcare Foundation has awarded 564 individual grants totaling $26,934,969. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN INDIAN HEALTH: SEE STATEMENT 14
BEHAVIORAL HEALTH: SEE STATEMENT 14
PUBLIC HEALTH: SEE STATEMENT 14
OTHER CHARITABLE ACTIVITIES: SEE STATEMENT 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Wernham CEO | 40 | $282,734 | |
Theodore Madden COO | 40 | $173,379 | |
Scott Malloy Program Director | 40 | $157,568 | |
Tressie White Program Director | 40 | $145,201 | |
Kelsey Gummer Senior Program Offic | 40 | $101,614 | |
Kassie Runsabove Program Officer | 40 | $96,785 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepc Llc | 12/30/21 | $186,352 |
Jg Research & Evaluation | 12/30/21 | $92,000 |
Visceral Llc | 12/30/21 | $75,000 |
Rjs & Associates | 12/30/21 | $62,587 |
Manatt Phelps & Phillips | 12/30/21 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,514,010 |
| Interest on Savings | $2,968 |
| Dividends & Interest | $1,790,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,146,997 |
| Capital Gain Net Income | $9,693,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150,508 |
| Total Revenue | $27,605,227 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $435,733 |
| Other employee salaries and wages | $1,079,739 |
| Pension plans, employee benefits | $282,571 |
| Interest | $0 |
| Taxes | $192,000 |
| Depreciation | $31,736 |
| Occupancy | $133,371 |
| Travel, conferences, and meetings | $31,421 |
| Printing and publications | $10,152 |
| Other expenses | $1,575,561 |
| Total operating and administrative expenses | $4,171,971 |
| Contributions, gifts, grants paid | $5,237,339 |
| Total expenses and disbursements | $9,409,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,015 |
| Savings and temporary cash investments | $5,818,081 |
| Net Accounts receivable | $138 |
| 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 | $104,651,302 |
| Net Land, buildings, and equipment | $20,328 |
| Other assets | $67,008 |
| Total assets | $211,845,474 |
| Accounts payable and accrued expenses | $94,452 |
| Grants payable | $2,056,595 |
| 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 | $2,151,047 |
Grants Awarded
Over the last fiscal year, Montana Healthcare Foundation has awarded $8,160,225 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
Kalispell, MT PURPOSE: MONTANA PUBLIC HEALTH INSTITUTE START UP | $400,000 |
PUBLIC HEALTH SYSTEM IMPROVEMENT OFFICE PUBLIC HEALTH AND SAFETY DIVISION PURPOSE: IMPROVING HEALTH THROUGH CROSS-SECTOR COLLABORATIONS | $230,000 |
San Francisco, CA PURPOSE: KAISER HEALTH NEWS MONTANA HEALTH NEWS PARTNERSHIP | $200,086 |
Kalispell, MT PURPOSE: MONTANA PUBLIC HEALTH INSTITUTE START UP | $200,000 |
BILLINGS CLINIC PURPOSE: REGIONAL INTEGRATED BEHAVIORAL HEALTH INTEGRATION PROJECT | $200,000 |
MONTANA HEALTH NETWORK HEALTH INC PURPOSE: EASTERN MONTANA INTEGRATED BEHAVIORAL HEALTH PROJECT | $186,481 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Healthcare Foundation has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Builders Initiative Bentonville, AR PURPOSE: NATIVE AMERICAN-LED FOOD EFFORTS FOR COVID | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |
Town Pump Charitable Foundation Butte, MT | $40,763,462 | $8,633,359 |
Pharos Foundation Jackson, WY | $46,452,761 | $4,714,657 |