Greater Montana Foundation
- Assets
- $8.5m
- Revenue
- $1.0m
- Investments
- $5.9m
- Employees
- 0
- Location
- Helena, MT
- Founding
- 11/1959
- Data as of
- 12/2021
- EIN
- 81-6009847
Organization Overview
Greater Montana Foundation is located in Helena, MT. The organization was established in 1959. 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. Greater 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 12/2021, Greater Montana Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $436.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Montana Foundation has awarded 146 individual grants totaling $2,482,239. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney O'malley Armstrong Executive Director (former) | 5 | $26,625 | |
Darlene Craney Trustee | 1 | $0 | |
Mick Robinson Treasurer | 1 | $0 | |
Bruce Whittenberg Executive Director (current) | 5 | $0 | |
Brody Craney Trustee | 1 | $0 | |
Linda Gray Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $144,742 |
| Interest on Savings | $12 |
| Dividends & Interest | $174,863 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $730,234 |
| Capital Gain Net Income | $730,234 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,049,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,625 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,003 |
| Total operating and administrative expenses | $109,718 |
| Contributions, gifts, grants paid | $327,135 |
| Total expenses and disbursements | $436,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,697 |
| Savings and temporary cash investments | $371,606 |
| 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 | $717,073 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,071,333 |
| Total assets | $8,465,029 |
| 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 | $1,366,670 |
| Total liabilities | $1,366,670 |
Grants Awarded
Over the last fiscal year, Greater Montana Foundation has awarded $327,135 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF MONTANA PBS PURPOSE: SUPPORT FOR NUMEROUS PROGRAMS INCLUDING BACKROADS OF MONTANA, 11TH AND GRANT, AND NEW PROGRAMS. | $50,000 |
MONTANA TELEVISION NETWORK PURPOSE: CONTINUED SUPPORT FOR THE STORY-TELLING SERIES, "UNDER THE BIG SKY." | $40,000 |
MONTANA PUBLIC RADIO PURPOSE: CONTINUED PROGRAM SUPPORT IN AREAS SUCH AS GENERAL ECONOMIC REPORTING AND OTHER PROGRAMS. | $25,000 |
Hamilton, MT PURPOSE: CONTINUED SUPPORT FOR THE AWARD-WINNING FREE AFTER-SCHOOL PROGRAM SERVING FOUR COUNTY SCHOOLS. | $24,000 |
Hamilton, MT PURPOSE: CONTINUED SUPPORT FOR THE SUCCESSFUL STATEWIDE OUTREACH PROGRAM. | $24,000 |
MONTANA BROADCASTERS ASSOCIATION PURPOSE: EB AWARDS FOR EXCELLENCE IN COMMERCIAL BROADCASTING. | $21,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |
The Aditi Foundation Sioux Falls, SD | $272,669 | $9,625,048 |
Denny Sanford Foundation Sioux Falls, SD | $42,390,595 | $5,136,218 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
J R Simplot Foundation Inc Boise, ID | $241,362,659 | $7,582,149 |
Laura Moore Cunningham Foundation Inc Boise, ID | $9,665,036 | $4,890,131 |
Bruno And Evelyne Betti Foundation Billings, MT | $0 | $451,341 |
Dakota Charitable Foundation Inc Rapid City, SD | $26,047,186 | $2,168,472 |