Town Pump Charitable Foundation
- Assets
- $56.5m
- Revenue
- $21.0m
- Investments
- $36.8m
- Employees
- 0
- Location
- Butte, MT
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 81-0523786
Organization Overview
Town Pump Charitable Foundation is located in Butte, MT. The organization was established in 1999. 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. Town Pump Charitable 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, Town Pump Charitable Foundation generated $21.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.8% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 0.5% 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 2018, Town Pump Charitable Foundation has awarded 3,201 individual grants totaling $15,984,500. 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
THE FOUNDATION DOES NOT ENGAGE IN DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Kenneally Vice President/director | 1 | $0 | |
Daniel J Kenneally Secretary/director | 0.5 | $0 | |
James M Kenneally Treasurer/director | 0.5 | $0 | |
Michael E Kenneally President/director | 1 | $0 | |
Kevin J Kenneally Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilmington Trust | 12/30/22 | $98,520 |
The Northern Trust Company | 12/30/22 | $56,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,036,032 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,013,104 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,924,857 |
| Capital Gain Net Income | $16,924,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,973,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,267 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,600 |
| Total operating and administrative expenses | $175,913 |
| Contributions, gifts, grants paid | $2,770,925 |
| Total expenses and disbursements | $2,946,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,192,573 |
| Savings and temporary cash investments | $18,513,359 |
| 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 | $48,039 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,723,819 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,522,784 |
| 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, Town Pump Charitable Foundation has awarded $2,770,925 in support to 622 organizations.
| Grant Recipient | Amount |
|---|---|
LIFEGUARD GROUP PURPOSE: COMMUNITY SUPPORT | $30,000 |
BOYS & GIRLS CLUB OF YELLOWSTONE COUNTY PURPOSE: COMMUNITY SUPPORT | $18,000 |
SKI FOR LIGHT MONTANA PURPOSE: COMMUNITY SUPPORT | $500 |
ESTHER SULLIVAN COTE ACADEMIC RESOURCE PROGRAM PURPOSE: COMMUNITY SUPPORT | $5,000 |
MONTANA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
FIREWOOD BANK OF THE RUBY VALLEY PURPOSE: BASIC NEEDS | $1,000 |