Central Montana Foundation
- Assets
- $40.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Lewistown, MT
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 81-0425314
Organization Overview
Central Montana Foundation is located in Lewistown, MT. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Central Montana Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Montana 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 12/2022, Central Montana Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Montana Foundation has awarded 225 individual grants totaling $17,916,765. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ACCEPT PROPERTY EXCLUSIVELY FOR EDUCATIONAL, CULTURAL, CHARITABLE OR BENEVOLENT PURPOSES FOR THE BENEFIT, HEALTH AND IMPROVEMENT OF RESIDENTS OF THE CENTRAL MONTANA AREA IS SUCH A WAY THAT THE QUALITY OF LIFE IN CENTRAL MONTANA SHALL BE ENHANCED, WORKING ALONE AND WITH ANY AND ALL OTHER PERSONS AND ORGANIZATIONS DOING SIMILAR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED WORK ON CONSTRUCTION OF NEW COMMUNITY CENTER IN WINNETT MONTANA
ALL OTHER GRANTS TO VARIOUS ORGANIZATIONS FROM THEIR OWN FUND OR FROM GRANTS FROM THE CENTRAL MONTANA FOUNDATION UNDESIGNATED FUNDS. INCLUDING SCHOLARSHIPS TO AREA STUDENTS TO FURTHER THEIR EDUCATION.
RELIEF TO THOSE EFFECTED BY WILDFIRES IN FERGUS COUNTY
CMMC FOR PURCHASE OF NEW MRI EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Comes President | OfficerTrustee | $0 | |
Robyn Bakkedahl Secretary/tr | OfficerTrustee | $0 | |
Carl Seilstad Director | Trustee | $0 | |
Sonny Comes Director | Trustee | $0 | |
Josh Webber Director | OfficerTrustee | $0 | |
Scott Chauvet Director | OfficerTrustee | $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 | $4,157,564 |
| Noncash contributions included in lines 1a–1f | $75,593 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,157,564 |
| Total Program Service Revenue | $0 |
| Investment income | $857,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,279 |
| Net Gain/Loss on Asset Sales | -$60,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,019,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,331,272 |
| Grants and other assistance to domestic individuals. | $329,234 |
| 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 | $87,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,392 |
| Payroll taxes | $6,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $178,617 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130 |
| Office expenses | $13,973 |
| Information technology | $30,270 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $90 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,056 |
| All other expenses | $0 |
| Total functional expenses | $7,019,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,035 |
| Savings and temporary cash investments | $8,042,594 |
| 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 | $0 |
| Net Land, buildings, and equipment | $350,000 |
| Investments—publicly traded securities | $31,719,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $576,864 |
| Total assets | $40,694,502 |
| Accounts payable and accrued expenses | $468,356 |
| 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 | $0 |
| Total liabilities | $468,356 |
| Net assets without donor restrictions | $228,355 |
| Net assets with donor restrictions | $39,997,791 |
| 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 | $40,694,502 |
Grants Awarded
Over the last fiscal year, Central Montana Foundation has awarded $6,027,101 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BASIN WELLNESS CENTER PURPOSE: OPERATING | $6,000 |
CENTRAL MT CHILDCARE ALLIANCE PURPOSE: OPERATIONS | $10,000 |
CENTRAL MONTANA MEDICAL CENTER PURPOSE: EQUIP, CANCER CENTER | $767,520 |
CENTRAL MT HISTORICAL ASSOCIATION PURPOSE: REED & BOWLES PROJ | $70,000 |
CENTRAL MT YOUTH CHALLENGE PURPOSE: ACTIONS SPEAK LOUDER | $5,500 |
CREEKSIDE PAVILION PURPOSE: FINAL DRAWDOWN REQUE | $78,006 |