Montrose Way
- Assets
- $30.1k
- Revenue
- $30.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-4013854
Organization Overview
Montrose Way is located in Columbus, OH. The organization was established in 2020. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montrose Way 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, Montrose Way generated $30.4k in total revenue. All expenses for the organization totaled $2.0k during the year ending 12/2021. While expenses have increased by 172.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSED FUNDS TO ASSIST STUDENTS AT BEREA COLLEGE KY PER OUR MISSION.
MET WITH REPRESENTATIVES OF FRANKLIN COUNTY LAND TRUST. THE LAND TRUST PROVIDES BELOW MARKET HOUSES FOR FAMILIES IN FINANCIAL NEED IN ECONOMICALLY DIVERSIFIED NEIGHBORHOODS. EXPLORED A ROLE FOR THE FOUNDATION IN THEIR ACTIVITIES. HELD TWO BOARD MEETINGS TO DISCUSS AND DETERMINE OUR ROLE WITH THE LAND TRUST.
ENTERED INTO AN AGREEMENT WITH THE LAND TRUST TO ASSIST FAMILIES WHICH WILL FULFILL OUR MISSION OF HOUSING ASSISTANCE. ATTENDED A GROUND BREAKING CEREMONY BY THE LAND TRUST AND PARTICIPATED AS A CONTRIBUTOR TO THEIR EFFORTS.
COMMUNICATED WITH VARIOUS SCHOOL DISTRICT STAFF REGARDING ASSISTANCE FOR STUDENTS APPLYING TO BEREA COLLEGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Zalac Vice President | 1 | $0 | |
Penny Winkle President | 2 | $0 | |
Laine Zalac Trustee | 0.25 | $0 | |
Aja Davis Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,340 |
| Interest on Savings | $25 |
| Dividends & Interest | $0 |
| 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 | $30,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $5 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,077 |
| 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 | $30,077 |
| 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 |
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