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Nonprofiteer
← MUSSELSHELL VALLEY COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by MUSSELSHELL VALLEY COMMUNITY FOUNDATION.

Totals

Total revenue
$263,447
Total expenses
$213,996
Contributions and grants received
$69,985
Grants paid
$41,244
Program service revenue
$191,043
Investment income
$2,419
Other revenue
$0
Total assets, end of year
$498,336
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$498,336
Program services expenses (Part IX)
$208,349
Management and general expenses
$5,622
Fundraising expenses
$25
Program service expenses (Part III)
$208,349

Program services were 97.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $69,985

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: RIDE Event

    total $189,243 · related or exempt $189,243 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Market on Main

    total $1,800 · related or exempt $1,800 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,419 · related or exempt $2,419 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,244 · program services $41,244

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $2,000 · program services $0 · management and general $2,000 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $25 · fundraising $25

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $13,268 · program services $13,268 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $11,059 · program services $11,059 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,474 · program services $20 · management and general $1,454

  • 14 · Information technology

    total $465 · program services $0 · management and general $465 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $122 · program services $122 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $714 · program services $714

  • 23 · Insurance

    total $3,556 · program services $2,702 · management and general $854 · fundraising $0

  • 24a · Other expenses: Event Expense

    total $93,859 · program services $93,859 · management and general $0 · fundraising $0

  • 24b · Other expenses: Storage Fees

    total $468 · program services $0 · management and general $468 · fundraising $0

  • 24c · Other expenses: Miscellaneous

    total $381 · program services $0 · management and general $381 · fundraising $0

  • 24d · Other expenses: Kiosk Project

    total $45,361 · program services $45,361 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,707 · end of year $36,670

  • 2 · Savings and temporary cash investments

    beginning of year $544,748 · end of year $461,666

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $573,455 · end of year $498,336

Mission and programs · 2023

Mission

The Musselshell Valley Community Foundation (MVCF) is committed to enhancing the vitality of the Musselshell Valley with a yearly grant program as well as managing the funds for special projects.

  • The MVCF served as the fiscal sponsor of the annual Roundup Independence Days Extravaganza (RIDE) which includes a children's rodeo, family entertainment and activities and a theater production serving approximately 5,000 individuals annually.

    Expenses $116,260 · Revenue $189,243

  • MVCF sponsors the Roundup Community Partners in their goal of revitalizing Roundup which worked towards completing a visitor kiosk and plaques highlighting Roundup's history and began plans to revitalize a playground at our historic Central School.

    Expenses $45,421

  • The MVCF provided funding opportunities to different non-profits in Musselshell Valley communities by enhancing worthwhile community vitality projects as well as issuing grants to local non-profits. In 2023, MVCF awarded five different grants that will benefit the community and our future generations. These grants were made to RIDE, RHS Agriculture Dept, Roundup Community Partners, Roundup Little League Baseball, Earth Sciences Foundation and Montana Community Foundation.

    Expenses $41,886 · Grants $41,244

  • MVCF sponsors Market on Main that assists in revitalizing the small town economy and allows local vendors a place to set up.

    Expenses $2,731 · Revenue $1,800

  • The Arts & Culture Committee (A&C) of the Musselshell Valley Community Foundation continued its role of sponsoring or hosting local events to entertain, engage, and stimulate people of all ages, most notably Shakespeare in the Parks.

    Expenses $2,050

  • The MVCF served as the fiscal sponsor for the Musselshell County Recovery Team (MCRT) which was established to receive donations and disburse payments to individuals affected by the 2011 flood of the Musselshell River. The MCRT expanded its mission in 2012 to include individuals affected by the fires that devastated a portion of Musselshell County in 2012 and additional flooding in 2013. This entity is currently dormant with no current disaster response requirements but remains intact and ready to respond should that situation change.

    Expenses $1

As filed on the 2023 return.

Listed in Part VII

  • Eric Eliasson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sandra Gebhardt

    Director

    Total calculated
    $0
    Hours/week
    2

  • Wendy Snook

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stacey Mihalovich

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alisha Merfield

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Milton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Derin Gebhardt

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Lisa Laliberte

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Nicole Borner

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Madeline Cooper

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Cassie Harper

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alaina Drake

    Director

    Total calculated
    $0
    Hours/week
    1

  • Angelica Mozqueda

    Director

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202433209349309518

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

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