Madison River Foundation Inc
- Assets
- $293.6k
- Revenue
- $240.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Ennis, MT
- Founding
- 10/2003
- Data as of
- 12/2023
- EIN
- 56-2333733
Organization Overview
Madison River Foundation Inc is located in Ennis, MT. The organization was established in 2003. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2023, Madison River Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison River Foundation Inc 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, Madison River Foundation Inc generated $240.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $293.1k 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 PRESERVE, PROTECT, AND ENHANCE THE MADISON RIVER ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FISH SAVING RESCUE AND STREAM RESTRUCTURING AND RESTORATION PROJECTS.
AWARDS AND SCHOLARSHIPS TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Malovich Former Executive Director | 40 | $105,125 | |
James Slattery Vice President | OfficerTrustee | 20 | $0 |
Mike Gentry Treasurer | OfficerTrustee | 20 | $0 |
Bryce Dorst Director | Trustee | 5 | $0 |
Rich Gockel Director | Trustee | 5 | $0 |
Seth Judd Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,050 |
| Fundraising events | $2,825 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,722 |
| Total Program Service Revenue | $0 |
| Investment income | $971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,532 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,931 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,125 |
| Compensation of current officers, directors, key employees. | $36,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,750 |
| Payroll taxes | $16,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,190 |
| Fees for services: Accounting | $5,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105 |
| Advertising and promotion | $10,757 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,505 |
| Travel | $1,899 |
| 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 | $850 |
| Insurance | $1,582 |
| All other expenses | $3,049 |
| Total functional expenses | $293,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,982 |
| 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 | $9,413 |
| Net Land, buildings, and equipment | $2,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $900 |
| Total assets | $293,620 |
| Accounts payable and accrued expenses | $2,282 |
| 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 | $1,593 |
| Total liabilities | $3,875 |
| Net assets without donor restrictions | $109,408 |
| Net assets with donor restrictions | $180,337 |
| 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 | $293,620 |