Montana Childrens Foundation
- Assets
- $31.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 03/1977
- Data as of
- 06/2021
- EIN
- 81-0365625
Organization Overview
Montana Childrens Foundation is located in Helena, MT. The organization was established in 1977. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, 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 Childrens 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, Montana Childrens Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $4.3m during the year ending 06/2021. While expenses have increased by 25.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE AND FURTHER OPERATIONS OF THE MONTANA CHILDREN'S HOME AND HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED $2,669,538 TO SHODAIR CHILDREN'S HOSPTIAL FOR CAPITAL IMPROVEMENTS. CONTRIBUTED $750,000 TO SHODAIR CHILDREN'S HOSPITAL FOR THE COSTS INCURRED BY THE HOSPITAL TO STAFF AND OPERATE THE FOUNDATION. RAISED $617,944 FROM THE CHILDREN'S MIRACLE NETWORK PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joel Maes President | OfficerTrustee | 1 | $0 |
John Nordwick Secretary/treasurer | OfficerTrustee | 1 | $0 |
Craig Aasved Chief Executive Officer | Officer | 10 | $0 |
Keith Meyer Foundation Director | Officer | 40 | $0 |
Maria Valdenegro Chief Financial Officer | Officer | 10 | $0 |
Dr Bill Hasquet Board Member (thru 9/20) | 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 | $3,023,552 |
| Noncash contributions included in lines 1a–1f | $101,182 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,023,552 |
| Total Program Service Revenue | $0 |
| Investment income | $385,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,447 |
| Net Rental Income | $15,000 |
| Net Gain/Loss on Asset Sales | $832,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,287,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,569,538 |
| 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 | $3,806 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $247,574 |
| Fees for services: Investment Management | $92,738 |
| Fees for services: Other | $25,479 |
| Advertising and promotion | $8,080 |
| Office expenses | $19,126 |
| Information technology | $9,892 |
| Royalties | $0 |
| Occupancy | $7,338 |
| Travel | $1,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $589 |
| Interest | $99 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,149 |
| Insurance | $0 |
| All other expenses | $4,721 |
| Total functional expenses | $4,306,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,886 |
| Savings and temporary cash investments | $1,203,677 |
| Pledges and grants receivable | $1,293,189 |
| Accounts receivable, net | $27,315 |
| 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 | $69,539 |
| Net Land, buildings, and equipment | $5,496,700 |
| Investments—publicly traded securities | $21,323,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,517,280 |
| Total assets | $31,692,359 |
| Accounts payable and accrued expenses | $12,587 |
| 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 | $235,112 |
| Total liabilities | $247,699 |
| Net assets without donor restrictions | $25,328,909 |
| Net assets with donor restrictions | $6,115,751 |
| 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 | $31,692,359 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Childrens Foundation has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Tykeson Fam Charitable Tr Ovando, MT PURPOSE: GENERAL FUND | $250,000 |
Endowment Analysis
| Beg. Balance | $2,026,809 |
| Earnings | $466,310 |
| Net Contributions | $300 |
| Ending Balance | $2,493,419 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Francis Medical Center Breckenridge, MN | $127,422,671 | $26,046,876 |
Family Healthcare Center Fargo, ND | $19,243,943 | $21,017,567 |
Big Horn Hospital Association Hardin, MT | $27,628,151 | $22,821,306 |
Mountain Family Health Centers Glenwood Springs, CO | $12,157,748 | $21,955,122 |
Sunny Vista Living Center Colorado Springs, CO | $41,304,394 | $18,743,774 |
Another Joy Foundation 1 Las Vegas, NV | $385,078 | $10,750 |
Prairie Ridge Hospital And Health Services Inc Elbow Lake, MN | $34,170,156 | $18,758,462 |
Christian Unity Hospital Corporation Grafton, ND | $38,113,224 | $23,246,956 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Bluestem Health Lincoln, NE | $12,281,950 | $22,863,216 |
Valley Vista Care Corporation St Maries, ID | $23,926,674 | $19,662,049 |
Madelia Health Madelia, MN | $18,855,648 | $18,531,553 |