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Nonprofiteer
← CENTRAL MONTANA FOUNDATION

Form 990 for tax year 2023

Filed by CENTRAL MONTANA FOUNDATION.

Totals

Total revenue
$5,207,255
Total expenses
$5,676,306
Contributions and grants received
$3,953,996
Grants paid
$5,210,647
Program service revenue
$0
Investment income
$1,167,963
Other revenue
$85,296
Total assets, end of year
$42,851,953
Total liabilities, end of year
$501,579
Net assets or fund balances, end of year
$42,350,374
Program services expenses (Part IX)
$5,210,647
Management and general expenses
$465,659
Fundraising expenses
$0
Program service expenses (Part III)
$5,210,647

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,953,996

  • 1g · Noncash contributions included above

    $107,948

  • 3 · Investment income

    total $1,180,441 · related or exempt $1,180,441

  • 6a · Gross rents

    real property $15,000

  • 6b · Less rental expenses

    real property $1,808

  • 6c · Rental income or loss

    real property $13,192

  • 6d · Net rental income or loss

    total $13,192 · related or exempt $13,192

  • 7a · Gross sales of assets other than inventory

    securities $5,505,142 · other assets $78,021

  • 7b · Less cost or other basis and sales expenses

    securities $5,595,641

  • 7c · Gain or loss

    securities -$90,499 · other assets $78,021

  • 7d · Net gain or loss

    total -$12,478 · related or exempt -$12,478

  • 11a · Other revenue: ADMIN FEE REVENUE

    total $101,902 · related or exempt $101,902

  • 11b · Other revenue: CAPITAL CREDITS, ETC

    total $397 · related or exempt $397

  • 11c · Other revenue: SPILT INTEREST

    total -$30,195 · related or exempt -$30,195

  • 11e · Other revenue, total

    $72,104

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,823,950 · program services $4,823,950

  • 2 · Grants to domestic individuals

    total $386,697 · program services $386,697

  • 7 · Other salaries and wages

    total $92,267 · management and general $92,267

  • 9 · Other employee benefits

    total $2,567 · management and general $2,567

  • 10 · Payroll taxes

    total $7,436 · management and general $7,436

  • 11c · Fees: accounting

    total $67,000 · management and general $67,000

  • 11f · Fees: investment management

    total $144,654 · management and general $144,654

  • 12 · Advertising and promotion

    total $2,963 · management and general $2,963

  • 13 · Office expenses

    total $5,690 · management and general $5,690

  • 14 · Information technology

    total $24,835 · management and general $24,835

  • 16 · Occupancy

    total $1,200 · management and general $1,200

  • 19 · Conferences, conventions and meetings

    total $3,716 · management and general $3,716

  • 23 · Insurance

    total $4,923 · management and general $4,923

  • 24a · Other expenses: ADMIN FEE

    total $101,902 · management and general $101,902

  • 24b · Other expenses: FOREIGN TAX

    total $6,414 · management and general $6,414

  • 24c · Other expenses: WIRE FEE

    total $72 · management and general $72

  • 24d · Other expenses: ANNUAL REPORT

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,035 · end of year $123,212

  • 2 · Savings and temporary cash investments

    beginning of year $8,042,594 · end of year $6,660,964

  • 10a · Land, buildings and equipment: cost or other basis

    $350,000

  • 10c · Land, buildings and equipment, net

    beginning of year $350,000 · end of year $350,000

  • 11 · Investments: publicly traded securities

    beginning of year $31,719,009 · end of year $35,095,499

  • 15 · Other assets

    beginning of year $576,864 · end of year $622,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $468,356 · end of year $501,579

  • 27 · Net assets without donor restrictions

    beginning of year $228,355 · end of year $237,535

  • 28 · Net assets with donor restrictions

    beginning of year $39,997,791 · end of year $42,112,839

Mission and programs · 2023

Mission

EDUCATIONAL AND CULTURAL IMPROVEMENT OF CENTRAL MONTANA

Activities or mission (Part I)

TO RECEIVE AND ACCEPT PROPERTY EXCLUSIVELY FOR EDUCATIONAL, CULTURAL, CHARITABLE OR BENEVOLENT PURPOSES FOR THE BENEFIT, HEALTH AND IMPROVEMENT OF RESIDENTS OF THE CENTRAL MONTANA AREA IS SUCH A WAY THAT THE QUALITY OF LIFE IN CENTRAL MONTANA SHALL BE ENHANCED, WORKING ALONE AND WITH ANY AND ALL OTHER PERSONS AND ORGANIZATIONS DOING SIMILAR WORK.

  • CONTINUED WORK ON CONSTRUCTION OF NEW COMMUNITY CENTER IN WINNETT MONTANA

    Expenses $1,963,974 · Grants $1,963,974

  • RELIEF TO THOSE EFFECTED BY WILDFIRES IN FERGUS COUNTY

    Expenses $838,250 · Grants $838,250

  • CMMC FOR PURCHASE OF NEW MRI EQUIPMENT

    Expenses $235,000 · Grants $235,000

  • ALL OTHER GRANTS TO VARIOUS ORGANIZATIONS FROM THEIR OWN FUND OR FROM GRANTS FROM THE CENTRAL MONTANA FOUNDATION UNDESIGNATED FUNDS. INCLUDING SCHOLARSHIPS TO AREA STUDENTS TO FURTHER THEIR EDUCATION.

    Expenses $2,173,423 · Grants $2,173,423

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dean Comes

    PRESIDENT

    Total calculated
    $0

  • Robyn Bakkedahl

    SECRETARY/TR

    Total calculated
    $0

  • Carl Seilstad

    DIRECTOR

    Total calculated
    $0

  • Sonny Comes

    DIRECTOR

    Total calculated
    $0

  • Josh Webber

    DIRECTOR

    Total calculated
    $0

  • Scott Chauvet

    DIRECTOR

    Total calculated
    $0

  • Jennifer Weeden

    2ND VICE PRE

    Total calculated
    $0

  • Powell Becker

    DIRECTOR

    Total calculated
    $0

  • Brian Henderson

    1ST VICE PRE

    Total calculated
    $0

  • Cody Langbehn

    DIRECTOR

    Total calculated
    $0

  • Megan Bartel

    DIRECTOR

    Total calculated
    $0

  • Kellyanne Terry

    DIRECTOR

    Total calculated
    $0

  • Thom Peck

    DIRECTOR

    Total calculated
    $0

  • Carrie Mantooth

    EXECUTIVE DI

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • CENTRAL MONTANA MEDICAL CENTER

    $1,963,974

    EQUIP, CANCER CENTER

  • PETROLEUM COUNTY COMMUNITY CENTER

    $838,250

    CONSTRUCTION OF COMM

  • PCCC YOUTH CENTER

    $235,000

    YOUTH PROGRAMS

  • DENTON FIRE RELIEF- FCDRF

    $175,582

    FIRE RELIEF

  • HILGER COMMUNITY HALL

    $140,000

    CD

  • SHOOTING COMPLEX

    $138,269

    IMPROVEMENT PAYMENT

  • HILGER RURAL FIRE DEPARTMENT

    $134,000

    BUILDING REMODEL

  • PETROLEUM COUNTY

    $74,000

    ROAD REPR/ COMM CENT

  • LEWISTOWN PICKLEBALL

    $69,578

  • ST PAUL LUTHERAN CHURCH

    $68,000

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202423209349307857

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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