Totals
- Total revenue
- $1,731,907
- Total expenses
- $1,298,391
- Contributions and grants received
- $1,378,348
- Grants paid
- $957,890
- Program service revenue
- $184,420
- Investment income
- $151,448
- Other revenue
- $17,691
- Total assets, end of year
- $6,380,253
- Total liabilities, end of year
- $1,406,844
- Net assets or fund balances, end of year
- $4,973,409
- Program services expenses (Part IX)
- $1,207,067
- Management and general expenses
- $85,941
- Fundraising expenses
- $5,383
- Program service expenses (Part III)
- $1,207,067
Program services were 93.0% 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
$1,378,348
-
2a · Program service revenue: MCF Admin Fee
total $79,708 · related or exempt $79,708
-
2b · Program service revenue: Donor Advised Admin Fee
total $10,108 · related or exempt $10,108
-
2c · Program service revenue: Donor Designated Admin Fee
total $2,063 · related or exempt $2,063
-
2d · Program service revenue: Development Income
total $92,541 · related or exempt $92,541
-
3 · Investment income
total $167,498 · excluded $167,498
-
7a · Gross sales of assets other than inventory
securities $1,475,540
-
7b · Less cost or other basis and sales expenses
securities $1,491,590
-
7c · Gain or loss
securities -$16,050
-
7d · Net gain or loss
total -$16,050 · related or exempt -$16,050
-
8a · Fundraising events: gross income
$72,437
-
8b · Fundraising events: direct expenses
$69,405
-
8c · Net income from fundraising events
total $3,032 · excluded $3,032
-
11a · Other revenue: Long-Term Capital Gain
total $14,659 · excluded $14,659
-
11e · Other revenue, total
$14,659
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $957,890 · program services $957,890
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $56,152 · program services $42,114 · management and general $14,038
-
6 · Compensation of disqualified persons
total $32,414 · program services $24,311 · management and general $8,103
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $7,047 · program services $5,285 · management and general $1,762
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $28,479 · program services $21,359 · management and general $7,120
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $5,503 · management and general $5,503
-
12 · Advertising and promotion
total $7,715 · program services $7,246 · management and general $469
-
13 · Office expenses
total $5,669 · program services $4,252 · management and general $1,417
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $11,550 · program services $11,550
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,259 · management and general $4,259
-
24a · Other expenses: Fund Management Expense
total $103,153 · program services $77,365 · management and general $25,788
-
24b · Other expenses: Fund Event Expense
total $33,288 · program services $24,966 · management and general $8,322
-
24c · Other expenses: Bank Fees
total $2,003 · program services $1,502 · management and general $501
-
24d · Other expenses: Telephone Expense
total $3,250 · program services $3,250
-
24e · All other expenses
total $40,019 · program services $25,977 · management and general $8,659 · fundraising $5,383
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $828,982 · end of year $883,648
-
11 · Investments: publicly traded securities
beginning of year $4,720,251 · end of year $5,496,605
-
17 · Accounts payable and accrued expenses
beginning of year $1,409,374 · end of year $1,406,844
-
31 · Retained earnings, endowment or other funds
beginning of year $4,139,859 · end of year $4,973,409
Mission and programs · 2023
Mission
The Mission and Purpose of the Montrose Community Foundation is to Seek and Embrace Innovative Ideas Connect Charitable Donors to Community Causes Promote Worthwhile Community Projects and Partnerships
Activities or mission (Part I)
Community Foundation Whose Primary Purpose it to Support Local Non-Profit Organizations.
-
Facilitating Entity Behind Multiple Community Projects Involving Education, Youth Activities, Infrastructure and Community Service.
Expenses $1,207,067 · Grants $946,861 · Revenue $91,879
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Diane Bridges
Executive Director
- Total calculated
- $24,115
- From this org
- $24,115
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sarah Abbott
Vice Chair Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Ian Atha
Director
- Total calculated
- $0
- Hours/week
- 3
-
Steve Ball
Director
- Total calculated
- $0
- Hours/week
- 3
-
Laird Landon
Former Chairman
- Total calculated
- $0
- Hours/week
- 3
-
Terry McCoige
Director
- Total calculated
- $0
- Hours/week
- 3
-
David Mize
Director
- Total calculated
- $0
- Hours/week
- 3
-
Vin Singh
Director
- Total calculated
- $0
- Hours/week
- 3
-
Mark Smith
Board Chairman
- Total calculated
- $0
- Hours/week
- 3
-
Ross Valdez
Director
- Total calculated
- $0
- Hours/week
- 3
-
Scott Wittman
Treasurer
- Total calculated
- $0
- Hours/week
- 3
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
-
Colorado State University
$125,966
Scholarships
-
Colorado Mesa University Foundation
$84,617
Scholarships
-
Magic Circle Players Theater
$61,465
Grant Funding for Improvements
-
Grand Canyon University
$58,395
Scholarships
-
Iowa 4-H Foundation
$50,000
Scholarships
-
Montana State University
$40,094
Scholarships
-
Montrose Recreation District
$33,876
Recreational Support and Programs
-
Pacific University
$33,628
Scholarships
-
University of Denver
$26,903
Scholarships
-
Montrose Regional Library District
$23,675
Grant for New Books
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202441989349301209
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.