Overview
What is Central Montana Foundation?
The Central Montana Foundation is a nonprofit organization situated in Lewistown, Montana. With a mission to enhance the quality of life in Central Montana, they primarily focus on educational and cultural advancements. They receive and manage property for charitable, benevolent, cultural, or educational purposes. Currently, they are actively engaged in the construction of a new community center in Winnett, Montana. The organization operates with a modest workforce of two individuals.
Official website here: www.centralmontanafoundation.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85% (Three-Star out of Four Star rating)
The Central Montana Foundation has achieved a commendable 85% rating, indicating a strong level of accountability and financial health. Key strengths include a fully independent board with 100% of its members being independent, a robust program expense ratio of 93.12%, and no material diversion of assets, showcasing effective management and commitment to its mission.
The organization demonstrates thorough transparency with policies in place for conflict of interest and document retention. Additionally, the high working capital ratio of 9.90 years suggests a solid financial position, allowing for stability and sustainability in its operations.
However, while the foundation exhibits strong financial management and governance, the Three-Star rating indicates there may be areas for improvement that could enhance its overall impact and effectiveness. Overall, the Central Montana Foundation appears to be a well-governed and financially sound organization.
This AI summary has been generated from information found on Charity Navigator.
Is Central Montana Foundation legitimate?
Central Montana Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Montana Foundation 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: $87,282
For more financial information, click here
Official website here: www.centralmontanafoundation.com
What is the mission statement of Central Montana Foundation?
The Central Montana Foundation's mission is centered around enhancing the quality of life in its community. It achieves this by accepting property for educational, cultural, charitable, and benevolent purposes. The organization works independently and in collaboration with others, aiming to contribute to the educational and cultural improvement of its area. Currently, one of its significant projects involves the construction of a new community center in Winnett, Montana.
Official website here: www.centralmontanafoundation.com
Who is the CEO of Central Montana Foundation?
Dean Comes is the President of Central Montana Foundation.
Official website here: www.centralmontanafoundation.com
What is the revenue of Central Montana Foundation?
Central Montana Foundation's revenue in 2022 was $5,019,493.
Official website here: www.centralmontanafoundation.com
Who are the executives of Central Montana Foundation and what are their salaries?
The average compensation at Central Montana Foundation during 2022 was $43,641. There are 2 employees and 13 volunteers at Central Montana Foundation.
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Official website here: www.centralmontanafoundation.com
Where can I find the form 990 for Central Montana Foundation?
Central Montana Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralmontanafoundation.com
Learn more at the official website: www.centralmontanafoundation.com
Mission Statement of Central Montana Foundation
The Central Montana Foundation is dedicated to a mission that seeks to improve the educational and cultural aspects of its community. This mission is carried out by accepting and utilizing property for charitable, benevolent, or educational purposes. The ultimate goal is to enhance the quality of life in the Central Montana area. The organization works independently and collaboratively with other individuals and organizations to achieve this objective.
In simple terms, the Central Montana Foundation is committed to contributing to the betterment of its community through educational and cultural initiatives. It achieves this by accepting and utilizing property for benevolent, charitable, or educational purposes. This approach is intended to enhance the overall quality of life in the Central Montana area. The foundation operates in a cooperative manner, collaborating with other individuals and organizations to achieve its mission.
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Impact
July, 2024
The Central Montana Foundation impacts the community by working to enhance the quality of life in Central Montana through educational and cultural improvements. Their continued efforts include the construction of a new community center in Winnett, Montana, which will provide valuable resources and support for the residents of the area. Through their philanthropic endeavors, the Central Montana Foundation plays a significant role in contributing to the well-being and development of the Central Montana community.
This information is meant to be a general summary of Central Montana Foundation. 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: $796,689
- Gross Receipts: $14,055,251
Assets and Liabilities:
- Total Assets: $40,694,502
- Total Liabilities: $468,356
- Net Assets: $40,226,146
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Organization Details
Founding Year
2001
Phone
(406) 538-6130Principal Officer
Dean Comes
Main Address
PO BOX 334, LEWISTOWN, MT, 59457
NTEE Category
Code: T31Z - Philanthropy
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