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Spanish Peaks Community Foundation FY2021 filing

Tax-deductible

Big Sky, MT501(c)(3)Since 2013Community DevelopmentEIN 37-1729310Revenue $677K in FY2021

On file with the IRSspanishpeaksfoundation.orgPo Box 161303, 59716-1303 · Big Sky, MTTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The Spanish Peaks Community Foundation strategically directs the generous contributions of Spanish Peaks mountain club members to meet the needs and support the quality of life of those living and working in the big sky Community.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $167K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $377K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$33K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$677K
+14% vs prior year
Spent
$453K
To programs
87%
Net assets
$519K
By yearFY2020–FY2025
Revenue
$677K
FY2021▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$593K
FY2021$677K
FY2022$918K
FY2023$1.1M
FY2024$1.5M
FY2025$1.4M
Expenses
$453K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$479K
FY2021$453K
FY2022$657K
FY2023$921K
FY2024$1.2M
FY2025$1.5M
Net assets
$519K
FY2021▲ +76%
Tap a bar for its year
Net assets by fiscal year
FY2020$295K
FY2021$519K
FY2022$781K
FY2023$991K
FY2024$1.3M
FY2025$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $395K Management & general 13% · $58K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Mike Lister
Director
$0Pt VII · Sec A
Kate Malik
Director
$0Pt VII · Sec A
Matt Kidd
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Walker Jones
President
$0Pt VII · Sec A
Martha Johnson
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Spanish Peaks Community Foundation executive salaries →

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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 15aNo

Programs and updates

Funds local projects, arts, education, and outdoor conservation in Big Sky.

Questions for Spanish Peaks Community Foundation

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Provided by the organization

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1 program · $395K · in their own filed words · FY2021
01

To support the greater Big Sky area by funding community service projects, the arts, education, and management of the outdoors.

$395Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$137K
Donor Advised Charitable Giving INCFY2024$90K
The Community Foundation of GreaterFY2024$30K
The Minneapolis FoundationFY2024$25K
Raymond James Charitable Endowment FundFY2024$20K
National Philanthropic TrustFY2024$20K
Morgan Stanley Global Impact Funding Trust INCFY2024$15K
National Charitable Endowment INCFY2024$10K
Total grants receivedfrom 11 funders$377K
See all 11 funders →
Grants paid · 52 grants · $2.4M · 2024–2025
The Big Sky Community OrganizationMT · FY2025$251,320
Gallatin River Task ForceMT · FY2025$180,000
Big Sky School District #72FY2025$170,000
Greater Gallatin United Way INCMT · FY2025$125,000
Wellness in ActionMT · FY2025$110,000
Big Sky Community Housing TrustMT · FY2025$100,000
Human Resource Development Council of District Ix INCMT · FY2025$48,800
Arts Council of Big SkyMT · FY2025$45,000
Gallatin River Child CareMT · FY2025$40,000
Dirt Concern - Southwest Montana Mountain Bike AssociationMT · FY2025$37,500
Big Sky Ski Education FoundationMT · FY2025$31,000
Warren Miller Performing Arts CenterMT · FY2025$30,000
BridgercareMT · FY2025$30,000
Eagle Mount - BozemanMT · FY2025$25,000
Morningstar Learning Center INCMT · FY2025$20,000
Big Sky Rotary FoundationMT · FY2025$20,000
Bienvenidos a Gallatin ValleyMT · FY2025$20,000
One Valley Community FoundationMT · FY2025$10,000
See all 52 grants →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$677K
Ln 12
Gifts and grantsLn 1h$524K
Other incomeLn 4–11$153K
Investment incomeLn 3$5
Money outPt IX
$453K
Ln 25
Programscol B$395K
Managementcol C$58K
Owns and owesPt X
$519K
net assets · Ln 32
Cash and savingsLn 1–2$552K
Total assetsLn 16$552K
LiabilitiesLn 26$33K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$524K
Investment incomeLn 3$5
Other incomeLn 4–11$153K
Total revenueLn 12$677K
Assets in detailPt X, end of year
CashLn 1$552K
Cash and savings togetherLn 1–2$552K
Total assetsLn 16$552K
LiabilitiesLn 26$33K
Net assetsLn 32$519K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$394K$552K
Total assetsLn 16$394K$552K
LiabilitiesLn 26$99K$33K
Net assetsLn 32$295K$519K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$395K$395K
Management feesLn 11a$42K$42K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$4K$4K
InterestLn 20$2$2
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$453K$395K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.4M$1.5M−$134K$1.1M 990 PDF
FY2024 $1.5M$1.2M$327K$1.3M 990 PDF
FY2023 $1.1M$921K$210K$991K 990 PDF
FY2022 $918K$657K$262K$781K 990 PDF
FY2021 Viewing $677K$453K$224K$519K 990 PDF
FY2020 $593K$479K$115K$295K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $676,963 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $473,395$524,278
I-9 Program service revenue$0
I-10 Investment income$5
I-11 Other revenuePrior year $119,906$152,680
I-12 Total revenuePrior year $593,301$676,963
I-13 Grants and similar amounts paidPrior year $415,000$395,250
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $63,783$57,776
I-18 Total expensesPrior year $478,783$453,026
I-19 Revenue less expensesPrior year $114,518$223,937
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $676,963 across 6 lines filed
VIII-1b Membership dues$224,972
VIII-1f All other contributions, gifts and grants$299,306
VIII-1h Total contributions, gifts and grants$524,278
VIII-3 Investment incomeRelated to mission $5$5
VIII-8 Net income from fundraising eventsExcluded from tax $152,680$152,680
VIII-12 Total revenueRelated to mission $5 · Unrelated business $0 · Excluded from tax $152,680$676,963
Part IX · Statement of functional expenses $453,026 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $395,250$395,250
IX-11a Management feesManagement $41,630$41,630
IX-11c Accounting feesManagement $7,008$7,008
IX-13 Office expensesManagement $3,896$3,896
IX-20 InterestManagement $2$2
IX-24 Other expenses (24a–d)Management $5,240$5,240
IX-25 Total functional expensesPrograms $395,250 · Management $57,776 · Fundraising $0$453,026
Part X · Balance sheet $552,468 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $394,295$552,468
X-16 Total assetsStart of year $394,295$552,468
X-18 Grants payableStart of year $98,960$32,410
X-25 Other liabilities$786
X-26 Total liabilitiesStart of year $98,960$33,196
X-32 Total net assets or fund balancesStart of year $295,335$519,272
X-33 Total liabilities and net assetsStart of year $394,295$552,468
Part XI · Reconciliation of net assets $519,272 net assets at year end
XI-1 Total revenue$676,963
XI-2 Total expenses$453,026
XI-3 Revenue less expenses$223,937
XI-4 Net assets at start of year$295,335
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$519,272

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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