J A Mcgowan Foundation
- Assets
- $221.8k
- Revenue
- $12.3k
- Investments
- $216.9k
- Employees
- 0
- Location
- Plains, MT
- Founding
- 09/1967
- Data as of
- 12/2023
- EIN
- 81-6018450
Organization Overview
J A Mcgowan Foundation is located in Plains, MT. The organization was established in 1967. 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. J A Mcgowan 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, J A Mcgowan Foundation generated $12.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $7.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dacy Holland Board Member | 0 | $0 | |
Denise Benson Board Member | 0 | $0 | |
Kathy Gregg Sec - Treasurer | 0 | $0 | |
Bruce Swanson Vice President | 0 | $0 | |
Matt Diehl President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,732 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,553 |
| Capital Gain Net Income | $3,553 |
| Net ST Capital Gain | $2,661 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,724 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $7,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613 |
| Savings and temporary cash investments | $4,332 |
| 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 | $26,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $221,814 |
| 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, J A Mcgowan Foundation has awarded $12,048 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PLAINS PUBLIC SCHOOLS PURPOSE: K-12 EDUCATION | $6,048 |
ST JAMES CATHOLIC CHURCH PURPOSE: GENERAL OPERATIONS | $1,200 |
PLAINS UNITED METHODIST PURPOSE: GENERAL OPERATIONS | $1,200 |
FIRST LUTHERAN CHURCH PURPOSE: GENERAL OPERATIONS | $1,200 |
CLARK FORK BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $1,200 |
HARVEST COMM CHURCH OF GOD PURPOSE: GENERAL OPERATIONS | $1,200 |