Overview
What is Montrose Community Foundation?
The Montrose Community Foundation is a community-focused organization situated in Montrose, Colorado. Acting as a facilitator, it supports various local projects, primarily in the areas of education, youth activities, infrastructure, and community service. As a charitable entity, its primary purpose is to back local non-profit organizations. The mission of the Montrose Community Foundation revolves around embracing innovative ideas, connecting donors with community causes, promoting worthwhile projects and partnerships, managing endowment funds, providing grants and support to effective organizations, and encouraging estate and legacy giving. With a modest team of two dedicated individuals, the foundation plays a significant role in shaping and improving the Montrose community.
Official website here: www.montrosecf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating reflects the Montrose Community Foundation's strong performance in accountability and finance, highlighted by a high score of 81%. The overall score is derived solely from the Accountability & Finance beacon, emphasizing the organization's commitment to transparency and financial health.
The foundation excels in governance, boasting a fully independent board with 100% independent members. It has also established robust policies, including a conflict of interest policy and a whistleblower policy, both of which are fully listed. Additionally, the foundation’s program expense ratio is impressive at 88.78%, indicating a significant portion of its expenditures directly support its mission-driven programs.
However, while the foundation demonstrates strong financial practices and transparency, the single focus on the Accountability & Finance score means that other areas, such as program effectiveness or community impact, are not evaluated in this rating. As a result, while the foundation is financially sound, potential donors may want to seek more comprehensive evaluations of its overall effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Montrose Community Foundation legitimate?
Montrose Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montrose Community 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: $65,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.montrosecf.com
What is the mission statement of Montrose Community Foundation?
The Montrose Community Foundation is dedicated to supporting local non-profit organizations. Its mission is multi-faceted, encompassing the pursuit of innovative ideas, fostering connections between charitable donors and community causes, promoting worthy community projects and partnerships, managing and growing permanent endowment funds, providing grants and other forms of support to effective community organizations, and facilitating estate and legacy giving. In essence, the foundation aims to strengthen its community by promoting charitable initiatives and encouraging philanthropic endeavors.
Official website here: www.montrosecf.com
Who is the CEO of Montrose Community Foundation?
Laird Landon is the Executive Director of Montrose Community Foundation.
Official website here: www.montrosecf.com
What is the revenue of Montrose Community Foundation?
Montrose Community Foundation's revenue in 2022 was $479,705.
Official website here: www.montrosecf.com
Who are the executives of Montrose Community Foundation and what are their salaries?
The average compensation at Montrose Community Foundation during 2022 was $32,625. There are 2 employees at Montrose Community Foundation.
Here are 10 key members and their salaries:
- Compensation: $69,333
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- Other: $0
Official website here: www.montrosecf.com
Where can I find the form 990 for Montrose Community Foundation?
Montrose Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montrosecf.com
Learn more at the official website: www.montrosecf.com
Mission Statement of Montrose Community Foundation
The Montrose Community Foundation, a community-focused organization, is dedicated to supporting local non-profit initiatives. Its mission is multifaceted, aiming to:
1. Encourage and embrace innovative ideas that can bring about positive change within the community.
2. Act as a bridge between charitable donors and community causes, fostering a sense of shared responsibility and investment.
3. Promote worthy community projects and partnerships, nurturing collaboration and collective action.
4. Manage and grow permanent endowment funds, ensuring a stable source of financial support for community organizations.
5. Provide grants and other forms of assistance to effective community organizations, aiding them in achieving their goals and making a tangible impact.
6. Facilitate estate and legacy giving, enabling individuals to leave a lasting impact on their community by incorporating charitable donations into their estate planning.
In essence, the Montrose Community Foundation serves as a catalyst for positive change, connecting resources and people to make a significant difference in the community.
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Impact
July, 2024
The Montrose Community Foundation impacts its local community by serving as a facilitating entity behind multiple projects focused on education, youth activities, infrastructure, and community service. Their mission includes seeking and embracing innovative ideas, connecting charitable donors to community causes, promoting worthwhile projects and partnerships, managing permanent endowment funds, providing grants to effective organizations, and facilitating estate and legacy giving. Through their philanthropic efforts, the Montrose Community Foundation plays a significant role in supporting and enhancing the well-being of the Montrose community in Colorado.
This information is meant to be a general summary of Montrose Community 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: $146,488
- Program Service Revenue: $40,491
- Gross Receipts: $734,168
Assets and Liabilities:
- Total Assets: $5,549,233
- Total Liabilities: $1,409,374
- Net Assets: $4,139,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONOR ADMIN FEE
Revenue
$18,635
DONOR DESIGNATED ADMIN
Revenue
$11,425
DEVELOPMENT INCOME
Revenue
$10,431
Organization Details
Founding Year
1989
Phone
(970) 249-3900Principal Officer
Laird Landon
Main Address
PO BOX 3020, MONTROSE, CO, 81402
Website
www.montrosecf.comNTEE Category
Code: T31 - Philanthropy
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