Overview
What is Trust Montana?
Trust Montana is a nonprofit organization located in Missoula, Montana, with a mission to promote and support Community Land Trusts (CLTs). Their primary objective is to curb gentrification and displacement of low- and moderate-income individuals in the U.S. They provide technical assistance to non-profits and municipalities, often without charging a fee, to establish new CLT projects across the state. Trust Montana also offers free educational programs to various professionals, such as lenders, attorneys, and realtors, to ensure best practices are followed. In 2022, they funded these activities through grants from several entities, including the Montana Justice Foundation and the Otto Bremer Trust. Trust Montana's mission is to hold land in trust to facilitate workforce housing, farmland affordability, and the preservation of vital community assets, making rural and urban areas livable for Montanans of varied economic means.
Official website here: www.trustmontana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
Trust Montana has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score of 77%, the organization demonstrates a strong commitment to financial transparency and effective governance. The rating is based solely on the accountability and finance beacon, reflecting Trust Montana's dedication to maintaining high standards in these areas.
The organization's governance structure is commendable, with an all-independent board consisting of nine members, which speaks to its commitment to avoiding conflicts of interest. Trust Montana has also shown notable strengths in financial management, with a program expense ratio of 82.02%, suggesting that a significant portion of its resources is directed towards its charitable programs rather than administrative costs. Additionally, the organization has established essential policies, such as conflict of interest and document retention, contributing positively to its accountability score.
However, a notable limitation is the absence of a whistleblower policy, which could be seen as a gap in organizational safeguards. Despite this, the overall performance in other areas reflects a robust framework for accountability and responsible financial stewardship. Trust Montana's efforts in maintaining an independent board and ensuring minimal liabilities further enhance its credibility among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Trust Montana legitimate?
Trust Montana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trust Montana 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: $200,496
For more financial information, click here
Official website here: www.trustmontana.org
What is the mission statement of Trust Montana?
Trust Montana's mission is centered around promoting the concept of community land trusts. Their primary goal is to facilitate affordable housing for the workforce, maintain affordability in farmlands, and preserve essential community assets. This mission aims to ensure that both rural and urban areas remain livable for individuals of various economic backgrounds. The organization accomplishes this by providing educational resources, outreach, and consulting services to help establish new community land trust projects. Trust Montana also offers free education to professionals across the state to ensure adherence to best practices in community land trusts. In 2022, they funded their activities with grants from several entities, including the Montana Justice Foundation and the Otto Bremer Trust.
Official website here: www.trustmontana.org
Who is the CEO of Trust Montana?
Dawn Conklin is the President of Trust Montana.
Official website here: www.trustmontana.org
What is the revenue of Trust Montana?
Trust Montana's revenue in 2022 was $501,369.
Official website here: www.trustmontana.org
Who are the executives of Trust Montana and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.trustmontana.org
Where can I find the form 990 for Trust Montana?
Trust Montana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trustmontana.org
Learn more at the official website: www.trustmontana.org
Mission Statement of Trust Montana
Trust Montana, a nonprofit organization, is committed to promoting the concept of community land trusts. Their mission is multifaceted, aiming to facilitate workforce housing, maintain the affordability of farmlands, and preserve essential community assets that ensure livability in both rural and urban areas for Montanans with varying economic backgrounds. By promoting community land trusts, Trust Montana seeks to curb gentrification and displacement, particularly of low- and moderate-income individuals.
To achieve its mission, Trust Montana provides educational resources, outreach, and consulting services. Their team assists various non-profits and municipalities in setting up new community land trust projects across the state. In cases where funding is not available, Trust Montana does not charge a fee for technical assistance, demonstrating their commitment to community development. Additionally, Trust Montana offers free education on community land trusts to professionals around the state to ensure best practices are followed. In 2022, they provided this education to various professionals, including lenders, title agents, planners, city and county officials, attorneys, economic development groups, private developers, realtors, and appraisers.
In conclusion, Trust Montana is dedicated to promoting community land trusts as a tool for addressing affordability issues and gentrification. Through education, outreach, and consulting services, they strive to assist non-profits and municipalities in setting up new projects and educate professionals on best practices. Their mission is crucial in maintaining livable communities for Montanans of diverse economic means.
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Impact
July, 2024
Trust Montana's impact is significant in promoting community land trusts and facilitating workforce housing, farmland affordability, and the preservation of vital community assets in Montana. By providing education, outreach, and consulting services, Trust Montana plays a crucial role in curbing gentrification and displacement of low and moderate-income individuals in both rural and urban areas. The organization's efforts have led to the setup of new community land trust projects around the state and have helped other nonprofits and municipalities in implementing similar initiatives. Trust Montana's provision of technical assistance, free education, and grant-funded activities have positively influenced various professionals and stakeholders involved in land trust projects, ensuring best practices are followed. Through collaborations with grant-giving entities, Trust Montana has been able to sustain its mission and make a significant impact in promoting community improvement and affordable housing solutions in Montana.
This information is meant to be a general summary of Trust Montana. 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 2022.
- Investment Income: $103
- Program Service Revenue: $20,561
- Gross Receipts: $501,369
Assets and Liabilities:
- Total Assets: $865,587
- Total Liabilities: $4,813
- Net Assets: $860,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEWARDSHIP PAYMENTS
Revenue
$6,000
LEASE FEES
Revenue
$5,105
COMMISSIONS ON PRPO SA
Revenue
$5,056
SERVICE FEES
Revenue
$2,400
CONSULTING
Revenue
$2,000
Organization Details
Founding Year
2015
Phone
(406) 201-5652Principal Officer
Dawn Conklin
Main Address
117 WEST BROADWAY, MISSOULA, MT, 59802
Website
www.trustmontana.orgNTEE Category
Code: S20 - Community improvement
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