Hurst-Sorenson Memorial Fund
- Assets
- $1.0m
- Revenue
- $83.2k
- Investments
- $1.0m
- Employees
- 0
- Location
- Stanford, MT
- Founding
- 09/1978
- Data as of
- 03/2022
- EIN
- 81-0372356
Organization Overview
Hurst-Sorenson Memorial Fund is located in Stanford, MT. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Hurst-Sorenson Memorial 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 03/2022, Hurst-Sorenson Memorial Fund generated $83.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $52.1k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hurst-Sorenson Memorial Fund has awarded 68 individual grants totaling $132,069. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Powell Becker Trustee | 0 | $0 | |
Timothy Dolphay Trustee | 0 | $0 | |
Presbyterian Church Minister Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $23,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,638 |
| Capital Gain Net Income | $50,739 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,477 |
| Total Revenue | $83,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $14 |
| Other expenses | $38 |
| Total operating and administrative expenses | $7,579 |
| Contributions, gifts, grants paid | $44,496 |
| Total expenses and disbursements | $52,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,230 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,034,421 |
| 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, Hurst-Sorenson Memorial Fund has awarded $44,496 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MSU-BOZEMAN PURPOSE: SCHOLARSHIPS | $7,748 |
MONTANA TECH PURPOSE: SCHOLARSHIPS | $7,018 |
Kalispell, MT PURPOSE: SCHOLARSHIPS | $5,042 |
Jamestown, ND PURPOSE: SCHOLARSHIPS | $4,675 |
UNIVERSITY OF UTAH-SALT LAKE PURPOSE: SCHOLARSHIP | $4,497 |
MSU-BILLINGS PURPOSE: SCHOLARSHIP | $3,696 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |
Town Pump Charitable Foundation Butte, MT | $40,763,462 | $8,633,359 |
Pharos Foundation Jackson, WY | $46,452,761 | $4,714,657 |
Foley Family Charitable Foundation Whitefish, MT | $33,136,562 | $2,272,522 |
Fred & Clara Eckert Foundation For Children Williston, ND | $22,065,382 | $6,837,965 |
George B Storer Foundation Inc Jackson, WY | $58,787,234 | $2,111,031 |
The Martin Family Foundation Casper, WY | $32,865,845 | $6,480,338 |