Overview
What is Montana Community Foundation Inc?
Montana Community Foundation Inc is a Helena-based nonprofit organization dedicated to fostering a culture of giving in Montana communities. Acting as a philanthropic bridge, they cultivate, manage, and distribute charitable gifts and grants primarily for the benefit of Montana. By encouraging current, planned, and legacy giving through Montana Community Foundation (MCF), the majority of donations are permanently endowed, ensuring a lasting impact on Montana for generations to come. MCF's mission is to create a culture of giving, enabling Montana communities to thrive.
Official website here: www.mtcf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Montana Community Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating strong accountability and financial health. The organization demonstrates excellence in governance with a fully independent board and robust financial oversight, including an absence of asset diversion and a well-documented conflict of interest policy. This high score reflects their commitment to transparency and responsible management.
The foundation's financial metrics further reinforce its credibility, with a low liabilities-to-assets ratio and a substantial working capital ratio of nearly 14 years. Such figures suggest that the organization is in a solid financial position, capable of sustaining its operations and fulfilling its mission effectively. Additionally, the foundation excels in leadership and adaptability, showcasing a strategic approach to its goals.
While the data paints a very positive picture, it's important for potential donors and stakeholders to remain aware that ongoing scrutiny of governance practices and financial management is essential in the nonprofit sector. Overall, Montana Community Foundation Inc stands out as a well-managed organization with strong accountability measures in place.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Montana Community Foundation Inc?
84% of reviewers on Facebook recommend Montana Community Foundation Inc. Here is a summary of their reviews:
Many individuals express gratitude for the assistance provided by the foundation, highlighting its positive impact on local projects, such as park improvements. One review specifically mentions receiving a grant that supports community events, indicating that the foundation is actively supporting local initiatives and making a difference in the community.
Overall, there appears to be a sense of appreciation for the nonprofit's efforts in fostering community development, with users recognizing its role in providing necessary funding for local enhancements.
This AI summary has been generated from reviews found on Facebook.
Is Montana Community Foundation Inc legitimate?
Montana Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana 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: $456,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $913,049
For more financial information, click here
Official website here: www.mtcf.org
What is the mission statement of Montana Community Foundation Inc?
The Montana Community Foundation aims to foster a culture of giving in Montana communities, enabling them to thrive. It functions as a bridge between donors and recipients, managing and distributing charitable gifts and grants primarily for Montana's benefit. The foundation's endowment strategy, including current, planned, and legacy giving, ensures lasting impact as the majority of gifts are permanently endowed for the betterment of Montana forever.
Official website here: www.mtcf.org
Who is the CEO of Montana Community Foundation Inc?
Mary Rutherford is the Board Chair of Montana Community Foundation Inc. The CEO's salary of Montana Community Foundation Inc is $190,362 and their total compensation is $215,116.
Official website here: www.mtcf.org
What is the revenue of Montana Community Foundation Inc?
Montana Community Foundation Inc's revenue in 2022 was $26,836,919.
Official website here: www.mtcf.org
Who are the executives of Montana Community Foundation Inc and what are their salaries?
The average compensation at Montana Community Foundation Inc during 2022 was $68,490. There are 20 employees and 235 volunteers at Montana Community Foundation Inc.
Here are 22 key members and their salaries (Montana Community Foundation Inc's CEO's salary is $190,362 and their total compensation is $215,116):
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- Compensation: $190,362
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- Other: $15,077
Official website here: www.mtcf.org
Where can I find the form 990 for Montana Community Foundation Inc?
Montana Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtcf.org
Learn more at the official website: www.mtcf.org
Mission Statement of Montana Community Foundation Inc
The Montana Community Foundation, a leading philanthropic organization, strives to foster a culture of giving in Montana communities. By acting as a bridge between donors and recipients, the Foundation plays a crucial role in building permanent philanthropy across the state. With a mission to create lasting impact, Montana Community Foundation primarily channels charitable gifts and grants for the benefit of Montana.
The organization cultivates, manages, and distributes philanthropic resources in a manner that contributes to Montana's flourishing communities. The Montana Community Foundation's giving initiatives extend beyond the present, as a significant portion of gifts is permanently endowed. This endowment ensures that the Foundation's efforts continue to benefit Montana communities indefinitely.
In essence, the Montana Community Foundation serves as a catalyst for change, harnessing the power of charitable giving to create lasting, positive change in Montana. Through its grantmaking programs and partnerships, the Foundation not only addresses immediate needs but also invests in long-term solutions that contribute to the overall well-being of Montana communities.
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Impact
October, 2024
Montana Community Foundation Inc fosters a culture of giving that empowers Montana communities to thrive. By acting as a bridge between donors and recipients, the foundation builds a framework for permanent philanthropy throughout the state. It manages charitable gifts and grants that are primarily focused on the needs of Montana, ensuring that contributions have a enduring impact.
Through a commitment to current, planned, and legacy giving, the foundation ensures that the majority of funds are permanently endowed, creating a lasting resource for community projects and initiatives. This approach not only supports immediate needs but also strengthens the long-term viability of communities across Montana, allowing them to flourish for generations to come.
This information is meant to be a general summary of Montana 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,859,464
- Program Service Revenue: $2,203,255
- Gross Receipts: $181,596,909
Assets and Liabilities:
- Total Assets: $152,088,837
- Total Liabilities: $19,558,044
- Net Assets: $132,530,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$2,203,255
Organization Details
Founding Year
1988
Phone
(406) 443-8313Principal Officer
Mary Rutherford
Main Address
33 S LAST CHANCE GULCH 2A, HELENA, MT, 59601
Website
www.mtcf.orgNTEE Category
Code: T310 - Philanthropy
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