Montpelier Foundation Inc
- Assets
- $289.6k
- Revenue
- $150.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 83-2812482
Organization Overview
Montpelier Foundation Inc is located in Montpelier, VT. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montpelier 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 06/2022, Montpelier Foundation Inc generated $150.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $45.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (39.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE OUR COMMUNITY'S ABILITY TO MAKE VALUABLE CAPITAL INVESTMENTS TO IMPROVE THE QUALITY OF LIFE FOR LOCAL RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MONTPELIER FOUNDATION SUPPORTS PROJECTS THAT PROVIDE LONG-TERM PUBLIC BENEFITS IN MONTPELIER. FUNDS CAN BE USED FOR THE DESIGN, CONSTRUCTION, OR ACQUISITION OF EDUCATIONAL, RECREATIONAL, TRANSPORTATION, PUBLIC SAFETY, UTILITY, CONSERVATION AND PRESERVATION, AND CULTURAL IMPROVEMENTS HAVING A USEFUL LIFE OF AT LEAST 20 YEARS. WE PLACE A PRIORITY ON PROJECTS WHERE OUR FUNDS CAN MAKE A DIFFERENCE IN FURTHER COMPLETING OR FINISHING A PROJECT. IN FY'22 THE FOUNDATION PROVIDED GRANTS TOTALING 10,582 TO THE MONTPELIER TREE BOARD TO SUPPORT THEIR ASH TREE PROJECT AND GRANTS TOTALING 12,786 TO THE MONTPELIER PARKS DEPARTMENT FOR THE HUBBARD PARK EXPANSION PROJECT.
THE HUB - DURING THE FISCAL YEAR, THE ORGANIZATION SERVED AS A FISCAL AGENT FOR THE HUB. THE HUB IS A 501C7 ORGANIZATION THAT WAS CREATED TO RAISE FUNDS, PLAN, AND IMPLEMENT A RECREATIONAL AND SOCIAL CENTER IN MONTPELIER, VERMONT. THE MISSION OF THE HUB IS TO PROVIDE A SAFE, VIBRANT, EQUITABLE, AND INCLUSIVE SPACE FOR SOCIAL AND RECREATIONAL PROGRAMS TO ENHANCE AND PROMOTE THE SOCIAL AND PHYSICAL WELLBEING OF AREA RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Jarvis Treasurer | OfficerTrustee | 1 | $0 |
Karen Freeman Secretary | OfficerTrustee | 1 | $0 |
Ed Flanagan Chair | OfficerTrustee | 1 | $0 |
Paul Costello Board Member | Trustee | 1 | $0 |
Ben Doyle Board Member | Trustee | 1 | $0 |
Tim Heney Board Member | Trustee | 1 | $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 | $143,482 |
| Noncash contributions included in lines 1a–1f | $48,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,482 |
| Total Program Service Revenue | $0 |
| Investment income | $7,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,368 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $217 |
| Information technology | $76 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $115 |
| Total functional expenses | $45,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,672 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $179,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,551 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $277,051 |
| Net assets with donor restrictions | $12,500 |
| 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 | $289,551 |
Grants Awarded
Over the last fiscal year, Montpelier Foundation Inc has awarded $43,368 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE HUB PURPOSE: RECREATION CENTER | $20,000 |
CITY OF MONTPELIER - PARKS DEPT PURPOSE: HUBBARD PARK IMP. | $12,786 |
CITY OF MONTPELIER - TREE BOARD PURPOSE: ASH TREE PROJECT | $10,582 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montpelier Foundation Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,500 |
Charina Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |
Chautauqua Region Community Foundation Inc Jamestown, NY | $142,153,687 | $14,207,759 |
Gurwin Jewish Geriatric Foundation Inc Commack, NY | $34,213,292 | $8,779,921 |
Community Foundation Of Orange County Montgomery, NY | $44,723,464 | $9,087,558 |
Northern New York Community Foundation Inc Watertown, NY | $141,175,832 | $16,124,492 |