Laurel Montana Community Foundation Incorporated
- Assets
- $843.1k
- Revenue
- $174.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MT
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-3756434
Organization Overview
Laurel Montana Community Foundation Incorporated is located in Laurel, MT. The organization was established in 2015. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurel Montana Community Foundation Incorporated 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, Laurel Montana Community Foundation Incorporated generated $174.9k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $70.3k 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
PROVIDE FISCAL SPONSORSHIP, PHILANTHROPIC OPPORTUNITY, COMMUNITY BENEFIT, EMPOWER LOCAL YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISCALLY SPONSOR AND PROMOTE THE RENOVATION OF THE PUBLIC SWIMMING POOL IN LAUREL, MT.
TO EMPOWER LOCAL YOUTH SEEKING HIGHER EDUCATION BY PROVIDING SCHOLARSHIP GRANTS. WE SPONSOR SIX SCHOLARSHIP FUNDS AND GRANTED MONEY TO 14 STUDENTS THIS YEAR. WE WANT TO CONTINUE GROWING OUR SCHOLARSHIP FUNDING SUPPORT AND ALLOWING STUDENTS IN NEED TO ACCESS THESE FUND FOR COMMUNITY BENEFIT AND REWARD.
TOWN SQUARE PARK WAS DONATED TO THE LAUREL MONTANA COMMUNITY FOUNDATION IN 2022 BY THE LAUREL REVITALIZATION LEAGUE, ANOTHER 501C3 NON-PROFIT IN LAUREL. LMCF RAISED MONEY THROUGH SPONSORSHIP OF CONCERTS AND DONATIONS TO BUILD A PERMANENT STAGE, MAINTAIN THE PARK, AND ILLUMINATE IT AT NIGHT TO DISSUADE TRANSIENTS AND OTHER NEFARIOUS ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Rutt President | OfficerTrustee | 2 | $0 |
Dave Bauer Secretary | OfficerTrustee | 2 | $0 |
Amy Mullaney Treasurer | OfficerTrustee | 2 | $0 |
Jasmine Hansen Director | Trustee | 0.5 | $0 |
Dean Rankin Director | Trustee | 0.25 | $0 |
Ken Olson Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $39 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,968 |
| Noncash contributions included in lines 1a–1f | $4,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,007 |
| Total Program Service Revenue | $182,190 |
| Investment income | $666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$19,966 |
| 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 | $174,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,839 |
| Grants and other assistance to domestic individuals. | $12,725 |
| 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 | $3,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5 |
| Advertising and promotion | $150 |
| Office expenses | $152 |
| Information technology | $280 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $696 |
| Insurance | $1,202 |
| All other expenses | $820 |
| Total functional expenses | $70,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,711 |
| Savings and temporary cash investments | $0 |
| 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 | $700,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $843,111 |
| Accounts payable and accrued expenses | $0 |
| 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 | $204,679 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $204,679 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $370,477 |
| Retained earnings, endowment, accumulated income, or other funds | $267,955 |
| Total liabilities and net assets/fund balances | $843,111 |
Grants Awarded
Over the last fiscal year, Laurel Montana Community Foundation Incorporated has awarded $402,440 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF LAUREL MONTANALION'S FAMILY PARK PURPOSE: GRANT DONATED AT REQUEST OF LAUREL LION'S CLUB FOR CONSTRUCTION OF ADA DOCK LANDING AT SOUTH POND PARK. | $31,649 |
CITY OF LAUREL MONTANAKIWANIS PARK PURPOSE: FISCALLY SPONSOR AND PROMOTE THE RENOVATION OF THE KID'S KINGDOM PLAYGROUND AT KIWANIS PARK IN LAUREL, MT. THE PROJECT WAS FUNDED BY PRIVATE CONTRIBUTIONS AND IN-KIND DONATIONS. | $167,071 |
CITY OF LAUREL MONTANA PURPOSE: kid's kingdom playground project | $172,071 |
CITY OF LAUREL MONTANA PURPOSE: ada dock landing at south pond park | $31,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missoula Community Foundation Missoula, MT | $894,957 | $1,346,209 |
Ndn Fund Rapid City, SD | $10,076,823 | $1,858,445 |
Whitefish Thrift Haus Inc Whitefish, MT | $195,974 | $611,701 |
Cooperstown Municipal Association Cooperstown, ND | $1,409,438 | $493,602 |
Fairfield Education And Community Association Fairfield, MT | $693,767 | $196,408 |
Fearless Foundation Sioux Falls, SD | $151,293 | $0 |
Laurel Montana Community Foundation Incorporated Laurel, MT | $843,111 | $174,897 |
Achievement Unlimited Foundation Fargo, ND | $1,026,326 | $60,362 |
Wallace Christmas Fund Silverton, ID | $190,342 | $0 |
Gackle Community Boosters Gackle, ND | $2,630 | $14,455 |
Christmas With Truckers Corp Homedale, ID | $50 | $0 |
Legends Veteran Organization Inc Eagle, ID | $2,625 | $0 |