Montana Land Title Association Foundation Inc
- Assets
- $589.6k
- Revenue
- $116.0k
- Investments
- $555.0k
- Employees
- 0
- Location
- Helena, MT
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 81-0504409
Organization Overview
Montana Land Title Association Foundation Inc is located in Helena, MT. The organization was established in 1998. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Land Title Association Foundation Inc 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, Montana Land Title Association Foundation Inc generated $116.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $68.9k during the year ending 12/2022. While expenses have increased by 9.9% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MONTANA NONPROFIT CHARITABLE ORAGANIZATIONS, PROVIDE EDUCATION TO MEMBERS AND PROMOTE KNOWLEDGE AND AWARENESS OF THE REAL ESTATE AND TITLE INSURANCE INDUSTRIES BY THE GENERAL PUBILC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTARY JOURNALS - EASY TO USE NOTARY JOURNALS THAT HAVE A PRIVACY PROTECTION FEATURE FOR INTERESTED PARTIES TO PURCHASE IN THE LAND TITLE INDUSTRY. THESE JOURNALS WERE DEVELOPED TO HELP LAND TITLE OPERATION COMPLY WITH CHANGES IN MONTANA LAW AS REGARDS NOTARY JOURNALS AND TO PROTECT THE IDENTY OF INDIVIDUALS WHO UTILIZE A NOTARY JOURNAL WHILE CONDUCTIN BUSINESS WITH A LAND TITLE INSURER.
SPRING SEMINAR - EDUCATE MEMBERS AND MAINTAIN PROFESSIONAL STANDARDS AND ETHICS.
THE FOUNDATION IS PROVIDING GRANTS TO FURTHER THE EDUCATION OF TITLE INSURANCE AGENTS AS STATED IN ITS ORGANIZATION DOCUMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Sewell Vice President | 0 | $0 | |
William C Gowen Jr President | 0 | $0 | |
Stuart Doggett Executive Director | 0 | $0 | |
Heidi Heitmann Director | 0 | $0 | |
Carol Kirby Director | 0 | $0 | |
Mark Josephson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,137 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,709 |
| Capital Gain Net Income | $62,709 |
| Net ST Capital Gain | $515 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $31,549 |
| Other Income | $1,455 |
| Total Revenue | $115,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,526 |
| Other expenses | $35,687 |
| Total operating and administrative expenses | $60,196 |
| Contributions, gifts, grants paid | $8,750 |
| Total expenses and disbursements | $68,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,599 |
| Savings and temporary cash investments | $0 |
| 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 | $589,644 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Billings Builders Exchange Inc Billings, MT | $1,713,633 | $416,615 |
Montana Professional Assistance Program Inc Billings, MT | $0 | $0 |
North Dakota Society For Human Resource Management Council Bismarck, ND | $98,610 | $0 |
Fargo Moorhead Human Resource Assoc Fargo, ND | $113,932 | $0 |
Montana Human Resources Development Council Directors Bozeman, MT | $83,019 | $0 |
New Leipzig Development Association Mott, ND | $147,027 | $0 |
South Central Development Winner, SD | $901,975 | $63,631 |
Idaho Partners For Good Foundation Boise, ID | $113,986 | $0 |
Montana Land Title Association Foundation Inc Helena, MT | $589,644 | $115,973 |
Doland Development Association Doland, SD | $25,367 | $0 |
Project Management Institute Boise, ID | $70,657 | $0 |
Promotion And Advancement Of Local Opportunities Garretson, SD | $17,406 | $0 |