Charles M Bair Memorial Trust Fund
- Assets
- $10.4m
- Revenue
- $1.4m
- Investments
- $6.1m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 01/1979
- Data as of
- 01/2024
- EIN
- 81-0370774
Organization Overview
Charles M Bair Memorial Trust Fund is located in Billings, MT. The organization was established in 1979. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Charles M Bair Memorial Trust Fund 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 01/2024, Charles M Bair Memorial Trust Fund generated $1.4m 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 (7.3%) each year. All expenses for the organization totaled $1.6m during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Charles M Bair Memorial Trust Fund has awarded 156 individual grants totaling $7,048,541. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,050,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $229,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,419 |
| Capital Gain Net Income | $51,419 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69,573 |
| Total Revenue | $1,400,252 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,312 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $90,272 |
| Contributions, gifts, grants paid | $1,529,832 |
| Total expenses and disbursements | $1,620,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,027 |
| Net Accounts receivable | $0 |
| 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 | $1,846 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $217,094 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,192,378 |
| Total assets | $10,423,101 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Charles M Bair Memorial Trust Fund has awarded $1,529,832 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALANNAH PHILLIPS PURPOSE: SCHOOL SCHOLARSHIP | $871 |
BLAIR RINGER PURPOSE: SCHOOL SCHOLARSHIP | $13,622 |
BREANNA WILLIAMS PURPOSE: SCHOOL SCHOLARSHIP | $29,069 |
AUBREY WILLIAMS PURPOSE: SCHOOL SCHOLARSHIP | $2,315 |
BILLINGS CLINIC FOUNDATION PURPOSE: PASS THROUGH TO HEALTHCARE FACILITY | $500,000 |
BRILEE PETERS PURPOSE: SCHOOL SCHOLARSHIP | $10,861 |