Overview
What is Gallatin Foundation Inc?
Gallatin Foundation Inc is a charitable organization, situated primarily in Gallatin County, Montana. Established with the goal of utilizing property for philanthropic purposes, they have made significant strides in various initiatives, such as a veteran's memorial wall, the launch of the Bozeman Fiber Project, and facilitating airline travel to Bozeman. The foundation's mission is to contribute positively to Gallatin County, providing benefits to its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The Gallatin Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization excels in having a fully independent board and solid program expense ratios, it struggles with critical governance policies, which are currently missing. These deficiencies may impact stakeholders' confidence in the organization's overall management and effectiveness.
Strengths highlighted in the rating include a high program expense ratio of 98.73%, demonstrating that the foundation directs most of its funds toward its programs rather than administrative overhead. Moreover, the organization has shown transparency by documenting board meeting minutes and maintaining a majority of independent board members. However, the presence of missing policies, such as conflict of interest and whistleblower protections, raises questions about the foundation's commitment to best practices in nonprofit governance.
Overall, while the Gallatin Foundation Inc shows promise in certain operational aspects, the lack of essential governance structures and policies could limit its credibility and effectiveness in serving its mission. Stakeholders may want to consider these factors when evaluating their support for the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Gallatin Foundation Inc legitimate?
Gallatin Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gallatin 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: $0
For more financial information, click here
What is the mission statement of Gallatin Foundation Inc?
Gallatin Foundation Inc's primary mission is to receive and manage property for charitable purposes, with a focus on benefiting Gallatin County, Montana. Their activities in 2015 included initiatives like the veteran's memorial wall of recognition, the start-up of the Bozeman Fiber Project, and securing airline flights to Bozeman, Montana. The organization is dedicated to using its resources exclusively for charitable causes.
What is the revenue of Gallatin Foundation Inc?
Gallatin Foundation Inc's revenue in 2023 was $822,424.
Who are the executives of Gallatin Foundation Inc and what are their salaries?
There 6 volunteers at Gallatin Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $211,670
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gallatin Foundation Inc?
Gallatin Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gallatin Foundation Inc
Gallatin Foundation Inc is dedicated to receiving and managing property for charitable purposes, primarily benefiting Gallatin County, Montana. Their mission is to utilize these resources in a manner that contributes positively to the community, focusing on charitable endeavors that can make a meaningful impact. In 2015, some of their significant achievements included the installation of a Veterans Memorial Wall of Recognition, initiating the Bozeman Fiber Project, and securing airline flights to Bozeman, Montana. This foundation is committed to utilizing its resources to support and uplift the community it serves.
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Impact
October, 2024
Gallatin Foundation Inc plays a vital role in enhancing the quality of life in Gallatin County, Montana, through various impactful initiatives. One of its significant accomplishments in 2015 was the establishment of a veteran's memorial wall of recognition, honoring those who have served in the military and fostering a sense of community pride and respect. The foundation also initiated the Bozeman Fiber Project, which aims to improve digital infrastructure and connectivity, ultimately supporting local residents and businesses.
Additionally, the foundation secured airline flights to Bozeman, enhancing accessibility to the area for both residents and visitors. This effort not only boosts local tourism but also contributes to the economic growth of Gallatin County. By administering charitable activities that focus on community improvement, Gallatin Foundation Inc addresses pressing needs and strengthens the community fabric, ensuring a better future for its residents.
This information is meant to be a general summary of Gallatin 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,915
- Gross Receipts: $822,424
Assets and Liabilities:
- Total Assets: $340,934
- Total Liabilities: $341,822
- Net Assets: -$888
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Organization Details
Founding Year
1989
Principal Officer
Daryl Schliem
NTEE Category
Code: S31 - Community improvement
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