Charles M Bair Memorial Trust Fund
- Assets
- $10.6m
- Revenue
- $1.6m
- Investments
- $6.4m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 01/1979
- Data as of
- 01/2022
- 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 01/2022, Charles M Bair Memorial Trust Fund generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.2m during the year ending 01/2022. While expenses have increased by 1.0% per year over the past 5 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.
Since 2019, Charles M Bair Memorial Trust Fund has awarded 80 individual grants totaling $4,150,099. 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 | $1,100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $159,645 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $378,533 |
| Capital Gain Net Income | $378,533 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,217 |
| Total Revenue | $1,640,395 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,417 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $93,879 |
| Contributions, gifts, grants paid | $1,150,508 |
| Total expenses and disbursements | $1,244,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,085 |
| 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 | $8,269 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $265,278 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,192,378 |
| Total assets | $10,608,867 |
| 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 $1,150,508 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Billings, MT PURPOSE: PASS THROUGH TO HEALTHCARE FACILITY | $290,000 |
SHANE OGLE PURPOSE: SCHOOL SCHOLARSHIP | $105,854 |
White Sulphur Springs, MT PURPOSE: SUSTAIN REGIONAL HEALTHCARE | $65,000 |
Harlowton, MT PURPOSE: SUSTAIN REGIONAL HEALTHCARE | $65,000 |
TEAGAN OLIVA PURPOSE: SCHOOL SCHOLARSHIP | $61,552 |
Boston, MA PURPOSE: GENERAL EXPENSE OR CAPITAL EXPENDITURES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Michael D And Susan H Arnesonfamily Foundation Inc Gallatin Gateway, MT | $0 | $612,050 |
North Dakota Natural Resources Trust Inc Bismarck, ND | $40,272,608 | $8,625,050 |
Allen Wyoming Foundation Inc Cody, WY | $22,700,817 | $3,733,473 |
Mcm Foundation Inc Boise, ID | $0 | $21,729 |
Cross Charitable Foundation Inc Bozeman, MT | $59,251,378 | $4,939,274 |
Tykeson Fam Charitable Tr Ovando, MT | $84,261,165 | $6,505,228 |
Branches Foundation Sioux Falls, SD | $29,470,613 | $4,463,228 |