Montana Community Foundation Inc
- Assets
- $165.9m
- Revenue
- $15.0m
- Investments
- $161.3m
- Employees
- 23
- Location
- Helena, MT
- Founding
- 05/1988
- Data as of
- 06/2023
- EIN
- 81-0450150
Organization Overview
Montana Community Foundation Inc, operating under the name Na, is located in Helena, MT. The organization was established in 1988. 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 06/2023, Na employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Na 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 06/2023, Na generated $15.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $12.3m during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 8 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 2015, Na has awarded 1,857 individual grants totaling $33,412,385. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A CULTURE OF GIVING SO MONTANA COMMUNITIES CAN FLOURISH.
Describe the Organization's Program Activity:
THE MONTANA COMMUNITY FOUNDATION BUILDS PERMANENT PHILANTHROPY ACROSS THE STATE OF MONTANA BY ACTING AS A BRIDGE BETWEEN DONORS AND RECIPIENTS. THE FOUNDATION CULTIVATES, MANAGES, AND GIVES CHARITABLE GIFTS AND GRANTS PRIMARILY FOR THE BENEFIT OF MONTANA. CURRENT, PLANNED, AND LEGACY GIVING THROUGH MCF HAS A LASTING IMPACT AS THE MAJORITY OF GIFTS ARE PERMANENTLY ENDOWED FOR THE GOOD OF MONTANA FOREVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Rutherford Ceo/president | Officer | 40 | $199,475 |
Jessica Stewart-Kuntz Vice President | Officer | 40 | $112,926 |
Kacie Tollefson Vice President | Officer | 40 | $114,138 |
Cami Skinner Board Chair (as Of 1/23) | OfficerTrustee | 2 | $0 |
Kelly Bruggeman Past Chair | Trustee | 2 | $0 |
Tom Mcgree Vice Chair (as Of 1/23) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Investment Management | 6/29/23 | $564,877 |
Flying Horse Communications Inc Marketing Consulting Fees | 6/29/23 | $146,040 |
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 | $9,593,868 |
| Noncash contributions included in lines 1a–1f | $2,789,234 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,593,868 |
| Total Program Service Revenue | $2,044,208 |
| Investment income | $1,835,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,749 |
| Net Gain/Loss on Asset Sales | $1,507,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,011,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,241,290 |
| Grants and other assistance to domestic individuals. | $684,737 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $512,193 |
| Compensation of current officers, directors, key employees. | $135,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,130,436 |
| Pension plan accruals and contributions | $60,796 |
| Other employee benefits | $161,747 |
| Payroll taxes | $119,642 |
| Fees for services: Management | $1,799,808 |
| Fees for services: Legal | $4,360 |
| Fees for services: Accounting | $83,349 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $515,695 |
| Fees for services: Other | $216,708 |
| Advertising and promotion | $176,477 |
| Office expenses | $24,128 |
| Information technology | $145,892 |
| Royalties | $0 |
| Occupancy | $121,698 |
| Travel | $71,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,272 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,718 |
| All other expenses | $5,010 |
| Total functional expenses | $12,332,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,695,922 |
| Pledges and grants receivable | $400,000 |
| Accounts receivable, net | $3,444 |
| 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 | $53,608 |
| Net Land, buildings, and equipment | $1,863,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $161,326,176 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $593,622 |
| Total assets | $165,936,044 |
| Accounts payable and accrued expenses | $158,635 |
| Grants payable | $1,838,428 |
| 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 | $1,420,143 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,218,374 |
| Total liabilities | $21,635,580 |
| Net assets without donor restrictions | $1,194,623 |
| Net assets with donor restrictions | $143,105,841 |
| 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 | $165,936,044 |
Grants Awarded
Over the last fiscal year, Montana Community Foundation Inc has awarded $4,791,690 in support to 217 organizations.
| Grant Recipient | Amount |
|---|---|
ABSAROKEE COMMUNITY FOUNDATION PURPOSE: ANNUAL DISTRIBUTION | $45,976 |
ACLU OF MONTANA FOUNDATION INC PURPOSE: ANNUAL DISTRIBUTION | $40,179 |
ALBERTA BAIR THEATER CORPORATION PURPOSE: ANNUAL DISTRIBUTION | $44,589 |
ALLIANCE FOR THE WILD ROCKIES PURPOSE: ANNUAL DISTRIBUTION | $9,247 |
ALZHEIMER'S DISEASE & RELATED DISORDERS ASSC PURPOSE: ANNUAL DISTRIBUTION | $20,872 |
AMERICAN PRAIRIE FOUNDATION PURPOSE: GENERAL SUPPORT | $45,500 |