Park County Community Foundation FY2023 filing

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The Park County Community Foundation is dedicated to enhancing the spirit of community and quality of life in Park County through stewardship of permanently endowed funds, grant making and other activities.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$101K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.8M a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$101K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $9.6M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $231K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$327K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
-39% vs prior year
Spent
$2.9M
To programs
90%
Net assets
$13.8M
By yearFY2020–FY2024
Revenue
$5.3M
FY2023▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$8.8M
FY2023$5.3M
FY2024$4.1M
Expenses
$2.9M
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.7M
FY2023$2.9M
FY2024$4.0M
Net assets
$13.8M
FY2023▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$5.3M
FY2022$11.0M
FY2023$13.8M
FY2024$14.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $2.6M Management & general 7% · $188K Fundraising 3% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $101K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$101,295Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Gavin Clark’s $105K as Executive Dir. is at the 34th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gavin Clark$104,925$101,295$103,649$95,481$92,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Park County Community Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages endowed funds and distributes grants to support local nonprofits, foster community leadership, and address pressing challenges throughout Park County.

Questions for Park County Community Foundation

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1 program · $2.6M · in their own filed words · FY2023
01

For the love of Park County, the Park County Community Foundation inspires investment and leadership to cultivate resilient communities. As Park County grows, we pledge to be a trusted and self-sustaining leader by increasing our capability to foster meaningful philanthropy and community collaboration while honoring our heritage and…

$2.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 326 grants · $10.8M · 2020–2024
Farm to School of Park CountyMT · FY2024$131,764
Counterpoint INCMT · FY2024$119,685
Friends of Links for LearningFY2024$103,755
Friends of Park County INCMT · FY2024$98,010
Livingston School DistrictsFY2024$75,040
Elk River Arts & LecturesMT · FY2024$55,092
See all 326 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$5.2M
Investment incomeLn 3$156K
Fees for servicesLn 2g$11K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.6M
Managementcol C$188K
Fundraisingcol D$87K
Owns and owesPt X
$13.8M
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$14.2M
LiabilitiesLn 26$327K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Noncash giftsLn 1g$139K
Fundraising eventsLn 1c$136K
Fees for servicesLn 2g$11K
Investment incomeLn 3$156K
Gains on assetsLn 7$57K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$154K
Cash and savings togetherLn 1–2$287K
Pledges and grants receivableLn 3$4.2M
InvestmentsLn 11–13$9.6M
Other assetsLn 15$67K
Total assetsLn 16$14.2M
LiabilitiesLn 26$327K
Net assetsLn 32$13.8M
OperationsPt I, VI
EmployeesI 55
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$139K
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$10.9M$8.3M$1.9M$1.7M$1.0M
Given inLn 1b$2.5M$6.6M$110K$531K$454K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$287K
InvestmentsLn 11–13$1.4M$9.6M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$11.3M$14.2M
LiabilitiesLn 26$243K$327K
Net assetsLn 32$11.0M$13.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Grants to domestic individualsLn 2$10K$10K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$111K$67K$11K$33K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$185K$86K$71K$29K
Pension plan contributionsLn 8$5K$2K$2K$911
Other employee benefitsLn 9$13K$7K$4K$1K
Payroll taxesLn 10$21K$10K$7K$5K
Management feesLn 11a$0
Legal feesLn 11b$2K$439$1K$156
Accounting feesLn 11c$24K$5K$17K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$128K$92K$35K$140
Advertising and promotionLn 12$11K$10K$89
Office expensesLn 13$38K$30K$6K$1K
Information technologyLn 14$12K$7K$3K$2K
RoyaltiesLn 15$0
OccupancyLn 16$33K$17K$10K$7K
TravelLn 17$3K$500$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$9K$4K$4K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$2K$1K$964
Other expenses (24a–d)Ln 24$26K$10K$14K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$2.9M$2.6M$188K$87K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 29, 2025 $4.1M$4.0M$170K$14.2M 990 PDF
FY2023 ViewingFiled with the IRS May 20, 2024 $5.3M$2.9M$2.5M$13.8M 990 PDF
FY2022Filed with the IRS Apr 26, 2023 $8.8M$2.7M$6.0M$11.0M 990 PDF
FY2021Filed with the IRS May 6, 2022 $2.7M$2.6M$69K$5.3M 990 PDF
FY2020Filed with the IRS Apr 29, 2021 $2.6M$2.4M$150K$5.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,319,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,754,670$5,198,744
I-9 Program service revenuePrior year $8,920$11,337
I-10 Investment incomePrior year $50,022$156,239
I-11 Other revenuePrior year −$51,770−$46,327
I-12 Total revenuePrior year $8,761,842$5,319,993
I-13 Grants and similar amounts paidPrior year $2,222,268$2,245,276
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $279,043$335,324
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $230,783$288,850
I-18 Total expensesPrior year $2,732,094$2,869,450
I-19 Revenue less expensesPrior year $6,029,748$2,450,543
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,319,993 across 12 lines filed
VIII-1c Fundraising events$136,351
VIII-1f All other contributions, gifts and grants$5,062,393
VIII-1g Noncash contributions (included above)$138,749
VIII-1h Total contributions, gifts and grants$5,198,744
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,337$11,337
VIII-3 Investment incomeExcluded from tax $99,480$99,480
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $10,680$10,680
VIII-7 Net gain or loss on sales of assetsExcluded from tax $56,759$56,759
VIII-8 Net income from fundraising eventsExcluded from tax −$57,121−$57,121
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $114$114
VIII-12 Total revenueRelated to mission $11,451 · Excluded from tax $109,798$5,319,993
Part IX · Statement of functional expenses $2,869,450 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $2,235,776$2,235,776
IX-2 Grants to domestic individualsPrograms $9,500$9,500
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $66,876 · Management $11,146 · Fundraising $33,438$111,460
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $85,550 · Management $70,808 · Fundraising $28,901$185,259
IX-8 Pension plan contributionsPrograms $1,539 · Management $2,113 · Fundraising $911$4,563
IX-9 Other employee benefitsPrograms $6,913 · Management $4,253 · Fundraising $1,484$12,650
IX-10 Payroll taxesPrograms $10,005 · Management $6,553 · Fundraising $4,834$21,392
IX-11a Management fees$0
IX-11b Legal feesPrograms $439 · Management $1,301 · Fundraising $156$1,896
IX-11c Accounting feesPrograms $4,885 · Management $16,908 · Fundraising $2,130$23,923
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $92,296 · Management $35,118 · Fundraising $140$127,554
IX-12 Advertising and promotionPrograms $10,418 · Management $89$10,507
IX-13 Office expensesPrograms $30,116 · Management $6,427 · Fundraising $1,408$37,951
IX-14 Information technologyPrograms $6,619 · Management $3,312 · Fundraising $2,062$11,993
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,711 · Management $9,555 · Fundraising $7,225$33,491
IX-17 TravelPrograms $500 · Management $1,001 · Fundraising $1,342$2,843
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $4,265 · Management $4,390$8,655
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $2,130 · Management $1,318 · Fundraising $964$4,412
IX-24 Other expenses (24a–d)Programs $9,830 · Management $14,201 · Fundraising $1,594$25,625
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,594,368 · Management $188,493 · Fundraising $86,589$2,869,450
Part X · Balance sheet $14,157,644 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $331,806$132,703
X-2 Savings and temporary cash investmentsStart of year $772,728$154,454
X-3 Pledges and grants receivableStart of year $2,184,034$4,162,703
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,437,283$9,641,025
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $6,563,451$66,759
X-16 Total assetsStart of year $11,289,302$14,157,644
X-17 Accounts payable and accrued expensesStart of year $300$478
X-25 Other liabilitiesStart of year $223,165$326,537
X-26 Total liabilitiesStart of year $243,465$327,015
X-27 Net assets without donor restrictionsStart of year $1,727,404$8,351,687
X-28 Net assets with donor restrictionsStart of year $9,318,433$5,478,942
X-32 Total net assets or fund balancesStart of year $11,045,837$13,830,629
X-33 Total liabilities and net assetsStart of year $11,289,302$14,157,644
Part XI · Reconciliation of net assets $13,830,629 net assets at year end
XI-1 Total revenue$5,319,993
XI-2 Total expenses$2,869,450
XI-3 Revenue less expenses$2,450,543
XI-4 Net assets at start of year$11,045,837
XI-5 Net unrealized gains (losses) on investments$343,434
XI-7 Investment expenses−$9,185
XI-10 Net assets at end of year$13,830,629

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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