Flathead Educational Foundation
- Assets
- $2.2m
- Revenue
- $125.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 81-6013249
Organization Overview
Flathead Educational Foundation is located in Kalispell, MT. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flathead Educational 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 12/2023, Flathead Educational Foundation generated $125.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $144.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Flathead Educational Foundation has awarded 374 individual grants totaling $1,143,933. 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 |
|---|---|---|---|
Kimberly More President | 0.3 | $0 | |
Matthew Jensen Vice President | 0.3 | $0 | |
Brendan Craig Secretary-Treasurer | 0.3 | $0 | |
First Interstate Bank Trust Dept Trustee | 2 | $21,997 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,730 |
| Capital Gain Net Income | $42,730 |
| Net ST Capital Gain | $0 |
| Income Modifications | $3,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $21,997 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,864 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,111 |
| Contributions, gifts, grants paid | $118,100 |
| Total expenses and disbursements | $144,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,670 |
| 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 | $1,894,178 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $396 |
| Total assets | $2,234,511 |
| 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, Flathead Educational Foundation has awarded $118,100 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
AIDEN CHRISTY PURPOSE: SCHOLARSHIP | $1,000 |
MACGREGOR ADKINS PURPOSE: SCHOLARSHIP | $4,000 |
AVERY ANDERSON PURPOSE: SCHOLARSHIP | $2,500 |
KENNA ANDERSON PURPOSE: SCHOLARSHIP | $4,000 |
ETHAN BAY PURPOSE: SCHOLARSHIP | $4,000 |
EMILY BROCK PURPOSE: SCHOLARSHIP | $3,200 |