Whitefish Community Foundation Inc
- Assets
- $61.4m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Whitefish, MT
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 81-0533002
Organization Overview
Whitefish Community Foundation Inc is located in Whitefish, MT. The organization was established in 2000. 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 12/2023, Whitefish Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitefish Community 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 12/2023, Whitefish Community Foundation Inc generated $19.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $14.4m during the year ending 12/2023. While expenses have increased by 16.1% per year over the past 9 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, Whitefish Community Foundation Inc has awarded 928 individual grants totaling $49,690,405. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WHITEFISH COMMUNITY FOUNDATION IS DEDICATED TO ENRICH THE QUALITY OF LIFE IN THE FLATHEAD VALLEY BY FOSTERING PHILANTHROPY, BUILDING ENDOWMENTS, AND HELPING DONORS AND NONPROFITS BENEFIT OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WCF GRANT PROGRAMS: AWARDED GRANTS TOTALING $526,701 TO 52 LOCAL ORGANIZATIONS THAT SUPPORT ARTS & CULTURE, HEALTH & HUMAN SERVICES, EDUCATION, SPORTS & RECREATION, CONSERVATION AND CIVIC ACTIVITIES, INCLUDING 3 MAJOR GRANTS TOTALING $120,000 WHICH HELPED FLATHEAD AUDUBON SOCIETY PERMANENTLY PROTECT THE OWEN SOWERWINE NATURAL AREA, PROVIDED SUPPORT TO GLACIER INSTITUTE IN THE RESTORATION OF THE BIG CREEK OUTDOOR EDUCATION CENTER, AND AIDED WHITEFISH SKATEPARK ASSOCIATION IN EXPANDING THE DAVE OLSETH MEMORIAL SKATEPARK. WCF ALSO AWARDED AN EMERGENCY GRANT OF $10,000 TO HELP NORTH VALLEY FOOD BANK REPAIR THEIR REFRIGERATED TRUCK. THE KIDS FUND, WHICH FUNDS IMPACTFUL PROGRAMS FOR FLATHEAD VALLEY CHILDREN WHO ARE OR ARE AT RISK OF BECOMING HOMELESS AWARDED 3 GRANTS TOTALING $125,000 TO BOYS & GIRLS CLUB FOR AFTERSCHOOL PROGRAMMING; TO CENTER FOR RESTORATIVE YOUTH JUSTICE FOR A NEW YOUTH PROGRAM DIRECTOR; AND TO NATE CHUTE FOUNDATION FOR MENTAL HEALTH AND SUICIDE PREVENTION PROGRAMS IN FLATHEAD VALLEY SCHOOLS.
GREAT FISH COMMUNITY CHALLENGE: A SIX-WEEK LONG FUNDRAISING CAMPAIGN WHICH HELPED 70 NONPROFITS RAISE OVER $5.3M AND THE FOUNDATION AWARDED AN ADDITIONAL $924,331 IN MATCHING GRANTS PLUS $21,200 IN INCENTIVE GRANTS. THE ORGANIZATION ALSO PROCESSED ALL GIFTS AND PROVIDED ALL PRINTED MATERIALS, ADVERTISING, AND MARKETING AT AN APPROXIMATE COST TO THE ORGANIZATION OF OVER $300,000.
CHARITABLE FUNDS: HELD AND ADMINISTERED CHARITABLE FUNDS INCLUDING DONOR ADVISED FUNDS, DESIGNATED FUNDS, ANNUITY FUNDS AND AGENCY FUNDS WHICH PAID OUT GRANTS AND SCHOLARSHIPS TOTALING OVER $6.5M TO CHARITABLE ORGANIZATIONS AND PROVIDED $223,000 IN PROGRAM SUPPORT TO THE ORGANIZATION THROUGH ADMINISTRATIVE FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ardyce Whisler Board Chair | OfficerTrustee | 2 | $0 |
Greg Garrison Treasurer | OfficerTrustee | 2 | $0 |
Linda Maetzold Director | Trustee | 2 | $0 |
Carol Atkinson Director | Trustee | 1 | $0 |
John Collins Director | Trustee | 1 | $0 |
Jeff Allen Director | Trustee | 0.5 | $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 | $17,892,500 |
| Noncash contributions included in lines 1a–1f | $1,795,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,892,500 |
| Total Program Service Revenue | $27,951 |
| Investment income | $1,574,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $266,541 |
| Net Income from Fundraising Events | $54,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,827,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,415,075 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,871 |
| Compensation of current officers, directors, key employees. | $21,209 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,444 |
| Payroll taxes | $36,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,895 |
| Fees for services: Other | $10,132 |
| Advertising and promotion | $28,627 |
| Office expenses | $13,533 |
| Information technology | $37,740 |
| Royalties | $0 |
| Occupancy | $15,449 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,895 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,619 |
| Insurance | $9,977 |
| All other expenses | $1,740 |
| Total functional expenses | $14,381,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,937 |
| Savings and temporary cash investments | $2,804,332 |
| 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 | $1,187,191 |
| Investments—publicly traded securities | $57,369,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,441,553 |
| Accounts payable and accrued expenses | $1,400 |
| Grants payable | $0 |
| Deferred revenue | $5,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,209,960 |
| 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 | $697,397 |
| Total liabilities | $4,914,657 |
| Net assets without donor restrictions | $6,788,302 |
| Net assets with donor restrictions | $49,738,594 |
| 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 | $61,441,553 |
Grants Awarded
Over the last fiscal year, Whitefish Community Foundation Inc has awarded $9,831,605 in support to 154 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY MEDICAL COLLEGE PURPOSE: GENERAL SUPPORT | $20,000 |
ALPINE THEATRE PROJECT PURPOSE: GENERAL SUPPORT | $91,607 |
AMAZING PLACE MUSIC PURPOSE: GENERAL SUPPORT | $56,670 |
BACKPACK ASSISTANCE PROGRAM PURPOSE: GENERAL SUPPORT | $103,763 |
BIG BROTHERS BIG SISTERS OF NORTHWEST MONTANA PURPOSE: GENERAL SUPPORT | $47,880 |
BIG MOUNTAIN FIREFIGHTERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $8,800 |