The Melsness Foundation
- Assets
- $387.4k
- Revenue
- $250.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Stevensville, MT
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 91-2154965
Organization Overview
The Melsness Foundation is located in Stevensville, MT. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Melsness 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 12/2022, Melsness Foundation generated $250.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $280.9k during the year ending 12/2022. While expenses have increased by 23.3% per year over the past 7 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.
Since 2016, Melsness Foundation has awarded 137 individual grants totaling $1,200,015. 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 |
|---|---|---|---|
Sheilah K Melsness President | 0.25 | $0 | |
Mark Melsness Vice President | 0.25 | $1,000 | |
Larry R Melsness Secretary | 0.25 | $0 | |
Jamie Melsness Treasurer | 0.25 | $1,000 | |
Gordon Rush Director | 0.25 | $0 | |
Melia Melsness Board Member | 0.25 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| 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 | $250,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,500 |
| 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 | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,287 |
| Contributions, gifts, grants paid | $267,587 |
| Total expenses and disbursements | $280,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,365 |
| 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 | $387,365 |
| 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, The Melsness Foundation has awarded $267,587 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CYSTIC FIBROSIS FOUNDATION PURPOSE: FOR RESEARCH AND EDUCATION FOR CYSTIC FIBROSIS | $1,000 |
ADOPT-A-NATIVE-ELDER PROGRAM PURPOSE: TO PROVIDE FOOD AND OTHER SUPPORT FOR ELDERS OF THE NATIVE DINE PEOPLE | $3,840 |
HOPE SPARKS - RELATIVE RAISING PURPOSE: WE STRENGTHEN FAMILIES BY INSPIRING COURAGE AND CONFIDENCE TO MAKE A LASTING CHANGE. | $5,000 |
COSTA RICA INTERNATIONAL ACADEMY PURPOSE: PROVIDE FOR THE DEVELOPMENT OF INTELLECTUAL, SOCIAL, AESTHETIC AND MORAL VALUES THAT SATISFY THE NEEDS OF OUR STUDENTS | $2,000 |
4C COALITION PURPOSE: MENTORING AND SUPPORT SERVICES FOR VULNERABLE YOUTH OF COLOR | $5,000 |
HOPES CLOSET PURPOSE: HOPE'S CLOSET EXISTS TO ENRICH THE LIVES OF FAMILIES THAT ARE IMPACTED BY CHILDREN'S SERVICES | $5,000 |