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Flathead Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203153511 ✦ Kalispell, MT ✦ Designated as a 501(c)(3)

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Overview

What is Flathead Community Foundation Inc?

Flathead Community Foundation Inc, based in Kalispell, Montana, is a dedicated nonprofit organization with a mission to enrich current and future generations by fostering philanthropy within the communities they serve. They achieve this by collecting donors' gifts in either permanent endowments or pass-through funds, strategically growing these funds through wise investment management, and subsequently distributing the proceeds as grants to local charities, all in accordance with donors' wishes. In 2020 alone, they granted $111,403 to 35 local nonprofit organizations, demonstrating their commitment to community enhancement. With a modest workforce of two individuals, Flathead Community Foundation Inc plays a significant role in supporting and strengthening their community.


Official website here: www.flatheadcommunityfoundation.org

Is Flathead Community Foundation Inc legitimate?

Flathead Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flathead Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,114

For more financial information, click here


Official website here: www.flatheadcommunityfoundation.org

What is the mission statement of Flathead Community Foundation Inc?

The Flathead Community Foundation Inc's mission is to enhance the lives of current and future generations by fostering philanthropy within the communities they serve. They achieve this by collecting donors' gifts in either permanent endowments or pass-through funds. The organization then grows these individual funds through strategic investment management. Ultimately, they distribute the fund proceeds as per donor wishes, providing grants to local charities. In 2020, they granted a total of $111,403 to 35 nonprofit organizations.


Official website here: www.flatheadcommunityfoundation.org

Who is the CEO of Flathead Community Foundation Inc?

Katy Croft is the President of Flathead Community Foundation Inc.


Official website here: www.flatheadcommunityfoundation.org

What is the revenue of Flathead Community Foundation Inc?

Flathead Community Foundation Inc's revenue in 2020 was $241,605.


Official website here: www.flatheadcommunityfoundation.org

Who are the executives of Flathead Community Foundation Inc and what are their salaries?

The average compensation at Flathead Community Foundation Inc during 2020 was $23,057. There are 2 employees at Flathead Community Foundation Inc.


Here are 9 key members and their salaries:


Eric Hanson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katy Croft (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Boyce (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krista Lammers (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcia Spano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Juneau (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Meyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.flatheadcommunityfoundation.org

Where can I find the form 990 for Flathead Community Foundation Inc?

Flathead Community Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.flatheadcommunityfoundation.org

Learn more at the official website: www.flatheadcommunityfoundation.org

Mission Statement of Flathead Community Foundation Inc

Flathead Community Foundation Inc is dedicated to enriching the lives of current and future generations by supporting philanthropy in the communities it serves. The organization accomplishes this mission by gathering donors' gifts in either permanent endowments or pass-through funds, wisely investing these funds to grow them over time, and distributing the fund proceeds according to the donors' wishes through grants to local charities. By doing so, Flathead Community Foundation Inc plays a crucial role in strengthening the community and addressing its needs, ensuring that philanthropic efforts have a lasting impact.

In 2020 alone, Flathead Community Foundation Inc granted $111,403 to 35 nonprofit organizations. This demonstrates the organization's commitment to supporting the causes that are important to its donors and the community at large. By pooling donors' contributions and investing them wisely, Flathead Community Foundation Inc is able to generate a greater impact than any individual donor could achieve on their own. This approach allows the organization to make a real difference in the lives of those in need, providing much-needed resources to nonprofit organizations that are working to improve the community.

In summary, Flathead Community Foundation Inc is a philanthropic organization that is dedicated to enriching the lives of current and future generations by supporting philanthropy in the communities it serves. The organization accomplishes this mission by gathering donors' gifts, investing them wisely, and distributing the fund proceeds according to donor wishes through grants to local charities. By doing so, Flathead Community Foundation Inc is able to generate a greater impact than any individual donor could achieve, and make a real difference in the lives of those in need.

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Impact




October, 2024

Flathead Community Foundation Inc significantly enhances the lives of individuals in the communities it serves by fostering philanthropy. By managing donations through permanent endowments or pass-through funds, the foundation ensures these contributions can create lasting impacts. In 2020, it distributed $111,403 in grants to 35 local organizations, directly benefiting various causes and initiatives in the area.

Through its wise investment management, the foundation not only grows the individual funds but also aligns grant disbursements with donor intentions, making sure that their philanthropic goals are realized. This approach not only addresses immediate community needs but also builds a sustainable financial future, enriching the lives of both present and future generations in the Flathead Valley.




This information is meant to be a general summary of Flathead Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$241,605 (2020)
Expenses
$272,796 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $38,503
  • Gross Receipts: $996,524

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

2005

Principal Officer

Katy Croft

Main Address

PO BOX 1422, KALISPELL, MT, 59903

NTEE Category

Code: T31 - Philanthropy

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