Foundation For Community Vitality
- Assets
- $2.8m
- Revenue
- $716.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 84-1376323
Organization Overview
Foundation For Community Vitality is located in Billings, MT. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Community Vitality 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, Foundation For Community Vitality generated $716.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $684.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Foundation For Community Vitality has awarded 103 individual grants totaling $2,856,141. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Stewart Director | 1 | $0 | |
James R Scott Sec/treas. | 1 | $0 | |
Michelle Sullivan Director | 1 | $0 | |
Christine Scott Director | 1 | $0 | |
Courtney Scott President | 30 | $69,590 | |
Dana Andersson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,273 |
| Interest on Savings | $0 |
| Dividends & Interest | $669,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $716,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,590 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,625 |
| Interest | $0 |
| Taxes | $15,828 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,097 |
| Total operating and administrative expenses | $165,523 |
| Contributions, gifts, grants paid | $519,152 |
| Total expenses and disbursements | $684,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,600 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,847,088 |
| 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 | $45,020 |
| Total liabilities | $45,020 |
Grants Awarded
Over the last fiscal year, Foundation For Community Vitality has awarded $519,152 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB NORTHERN CHEYENNE (LD) PURPOSE: PROGRAM STAFFING | $22,000 |
CINE BILLINGS PURPOSE: OPERATIONAL SUPPORT | $1,250 |
FRACTURED ATLAS PURPOSE: STORIES FOR ACTION | $2,500 |
CITY OF LODGE GRASS PURPOSE: OPERATIONAL SUPPORT | $141,801 |
HELP EVERY PET OF HARDIN PURPOSE: OPERATIONAL SUPPORT | $1,000 |
HELPING HANDS IN HARDIN PURPOSE: LOCAL FOOD ECONOMY | $20,000 |