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Nonprofiteer
← MONTANA COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by MONTANA COMMUNITY FOUNDATION INC.

Totals

Total revenue
$17,794,838
Total expenses
$14,805,586
Contributions and grants received
$12,279,085
Grants paid
$9,040,167
Program service revenue
$2,627,453
Investment income
$2,811,549
Other revenue
$76,751
Total assets, end of year
$188,507,909
Total liabilities, end of year
$24,786,368
Net assets or fund balances, end of year
$163,721,541
Program services expenses (Part IX)
$9,853,485
Management and general expenses
$3,908,638
Fundraising expenses
$1,043,463
Program service expenses (Part III)
$9,853,485

Program services were 66.6% 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

    $12,279,085

  • 1g · Noncash contributions included above

    $3,344,807

  • 2a · Program service revenue: COMMUNITY IMPACT FEES

    total $2,627,453 · related or exempt $2,627,453

  • 3 · Investment income

    total $1,941,475 · excluded $1,941,475

  • 6a · Gross rents

    real property $257,318

  • 6b · Less rental expenses

    real property $179,077

  • 6c · Rental income or loss

    real property $78,241

  • 6d · Net rental income or loss

    total $78,241 · unrelated business $59,873 · excluded $18,368

  • 7a · Gross sales of assets other than inventory

    securities $72,161,037

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

    securities $71,290,963

  • 7c · Gain or loss

    securities $870,074

  • 7d · Net gain or loss

    total $870,074 · excluded $870,074

  • 11a · Other revenue: OTHER INCOME

    total $18,718 · related or exempt $18,718

  • 11b · Other revenue: PASSTHROUGH INCOME

    total -$20,208 · unrelated business -$20,208

  • 11e · Other revenue, total

    -$1,490

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,165,887 · program services $8,165,887

  • 2 · Grants to domestic individuals

    total $874,280 · program services $874,280

  • 5 · Compensation of officers, directors and key employees

    total $535,632 · program services $295,144 · management and general $141,911 · fundraising $98,577

  • 7 · Other salaries and wages

    total $1,305,880 · program services $110,298 · management and general $583,379 · fundraising $612,203

  • 8 · Pension plan contributions

    total $67,049 · program services $5,672 · management and general $32,605 · fundraising $28,772

  • 9 · Other employee benefits

    total $199,667 · program services $34,818 · management and general $81,860 · fundraising $82,989

  • 10 · Payroll taxes

    total $131,265 · program services $27,380 · management and general $53,138 · fundraising $50,747

  • 11a · Fees: management

    total $2,044,800 · management and general $2,044,800

  • 11c · Fees: accounting

    total $117,746 · management and general $117,746

  • 11f · Fees: investment management

    total $415,737 · management and general $415,737

  • 11g · Fees: other

    total $118,801 · program services $18,946 · management and general $96,355 · fundraising $3,500

  • 12 · Advertising and promotion

    total $72,537 · program services $17,777 · management and general $32,431 · fundraising $22,329

  • 13 · Office expenses

    total $25,125 · program services $4,655 · management and general $17,576 · fundraising $2,894

  • 14 · Information technology

    total $145,080 · program services $38,643 · management and general $64,943 · fundraising $41,494

  • 16 · Occupancy

    total $112,796 · program services $21,415 · management and general $64,544 · fundraising $26,837

  • 17 · Travel

    total $106,025 · program services $13,421 · management and general $32,693 · fundraising $59,911

  • 19 · Conferences, conventions and meetings

    total $65,107 · program services $24,484 · management and general $38,544 · fundraising $2,079

  • 23 · Insurance

    total $10,446 · program services $26 · management and general $10,420

  • 24a · Other expenses: LCF PROGRAM

    total $180,508 · program services $180,508

  • 24b · Other expenses: DUES AND OTHER FEES

    total $54,663 · program services $10,552 · management and general $42,466 · fundraising $1,645

  • 24c · Other expenses: PRNTING AND PUBLICATION

    total $36,662 · program services $7,330 · management and general $21,119 · fundraising $8,213

  • 24d · Other expenses: MISCELLANEOUS

    total $13,600 · program services $2,249 · management and general $10,078 · fundraising $1,273

  • 24e · All other expenses

    total $6,293 · management and general $6,293

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,695,922 · end of year $4,340,496

  • 3 · Pledges and grants receivable

    beginning of year $400,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,444 · end of year $3,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,608 · end of year $55,822

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

    $2,367,623

  • 10b · Land, buildings and equipment: accumulated depreciation

    $583,080

  • 10c · Land, buildings and equipment, net

    beginning of year $1,863,272 · end of year $1,784,543

  • 12 · Investments: other securities

    beginning of year $161,326,176 · end of year $181,729,362

  • 15 · Other assets

    beginning of year $593,622 · end of year $594,303

  • 17 · Accounts payable and accrued expenses

    beginning of year $158,635 · end of year $177,199

  • 18 · Grants payable

    beginning of year $1,838,428 · end of year $3,595,890

  • 23 · Secured mortgages and notes payable

    beginning of year $1,420,143 · end of year $1,366,589

  • 25 · Other liabilities

    beginning of year $18,218,374 · end of year $19,646,690

  • 27 · Net assets without donor restrictions

    beginning of year $1,194,623 · end of year $1,277,947

  • 28 · Net assets with donor restrictions

    beginning of year $143,105,841 · end of year $162,443,594

Mission and programs · 2023

Mission

TO CREATE A CULTURE OF GIVING SO MONTANA COMMUNITIES CAN FLOURISH.

  • THE MONTANA COMMUNITY FOUNDATION BUILDS PERMANENT PHILANTHROPY ACROSS THE STATE OF MONTANA BY ACTING AS A BRIDGE BETWEEN DONORS AND RECIPIENTS. THE FOUNDATION CULTIVATES, MANAGES, AND GIVES CHARITABLE GIFTS AND GRANTS PRIMARILY FOR THE BENEFIT OF MONTANA. CURRENT, PLANNED, AND LEGACY GIVING THROUGH MCF HAS A LASTING IMPACT AS THE MAJORITY OF GIFTS ARE PERMANENTLY ENDOWED FOR THE GOOD OF MONTANA FOREVER.

    Expenses $9,853,485 · Grants $9,040,167 · Revenue $2,646,171

As filed on the 2023 return.

Listed in Part VII

  • Mary Rutherford

    CEO/PRESIDENT

    Total calculated
    $240,767
    From this org
    $213,532
    From related orgs
    $0
    Other
    $27,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,532
    Bonus
    $0
    Other
    $0
    Deferred
    $12,812
    Nontaxable benefits
    $14,423
    Filer's total
    $240,767

  • Jessica Stewart-Kuntz

    VICE PRESIDENT

    Total calculated
    $142,066
    From this org
    $124,626
    From related orgs
    $0
    Other
    $17,440
    Hours/week
    40

  • Kacie Tollefson

    VICE PRESIDENT

    Total calculated
    $140,371
    From this org
    $122,864
    From related orgs
    $0
    Other
    $17,507
    Hours/week
    40

  • Cami Skinner

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom McGree

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dan McLean

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Karen Latka

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kelly Bruggeman

    PAST CHAIR (THRU 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Angie Main

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jo Ann Eder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Ann Phipps

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greg Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tawnya Rupe Mraz

    DIRECTOR (THRU 12/23)

    Total calculated
    $0
    Hours/week
    2

  • Leonard Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shane Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kenny Smoker Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheila Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dale Woolhiser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sara Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kelly Cresswell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alanna Weibert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mack Clapp

    DIRECTOR (THRU 07/23)

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MCF REAL PROPERTY LLC

    ACCEPT AND LIQUIDATE GIFTED PROPERTY ON BEHALF OF MCF, INC. · MT · income $0 · assets $0

    Directly controlled by MONTANA COMMUNITY FOUNDATION INC

  • 33 S LAST CHANCE GULCH LLC

    LLC TO OWN PROPERTY · MT · income $325,612 · assets $2,048,184

    Directly controlled by MONTANA COMMUNITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 March 2025
IRS schema version
2023v6.0
Source object
202500719349301930

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