Spanish Peaks Community Foundation FY2022 filing

Tax-deductible

Big Sky, MT501(c)(3)Since 2013Community DevelopmentEIN 37-1729310Revenue $918K in FY2022

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.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 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
$411
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$918K
+36% vs prior year
Spent
$657K
To programs
88%
Net assets
$781K
By yearFY2020–FY2025
Revenue
$918K
FY2022▲ +36%
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
$657K
FY2022▲ +45%
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
$781K
FY2022▲ +50%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

88 cents of each dollar spent went to programs.

Program services 88% · $577K Management & general 12% · $80K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$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 · $577K · in their own filed words · FY2022
01

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

$577Kprogram 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 11 funders →
Grants paid · 52 grants · $2.4M · 2024–2025
Gallatin River Task ForceMT · FY2025$180,000
Big Sky School District #72FY2025$170,000
Wellness in ActionMT · FY2025$110,000
Arts Council of Big SkyMT · FY2025$45,000
Gallatin River Child CareMT · FY2025$40,000
Warren Miller Performing Arts CenterMT · FY2025$30,000
BridgercareMT · FY2025$30,000
Eagle Mount - BozemanMT · FY2025$25,000
Big Sky Rotary FoundationMT · FY2025$20,000
See all 52 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$918K
Ln 12
Gifts and grantsLn 1h$918K
Investment incomeLn 3$121
Money outPt IX
$657K
Ln 25
Programscol B$577K
Managementcol C$80K
Owns and owesPt X
$781K
net assets · Ln 32
Cash and savingsLn 1–2$781K
Total assetsLn 16$781K
LiabilitiesLn 26$411
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$918K
Fundraising eventsLn 1c$300K
Investment incomeLn 3$121
Total revenueLn 12$918K
Assets in detailPt X, end of year
CashLn 1$781K
Cash and savings togetherLn 1–2$781K
Total assetsLn 16$781K
LiabilitiesLn 26$411
Net assetsLn 32$781K
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 FY22End FY22
Cash and savingsLn 1–2$552K$781K
Total assetsLn 16$552K$781K
LiabilitiesLn 26$33K$411
Net assetsLn 32$519K$781K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$555K$555K
Management feesLn 11a$56K$56K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$203$203
Office expensesLn 13$28K$22K$5K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$657K$577K$80K$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 Viewing $918K$657K$262K$781K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $918,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $524,278$918,163
I-9 Program service revenue$0
I-10 Investment incomePrior year $5$121
I-11 Other revenuePrior year $152,680$0
I-12 Total revenuePrior year $676,963$918,284
I-13 Grants and similar amounts paidPrior year $395,250$554,880
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,776$101,675
I-18 Total expensesPrior year $453,026$656,555
I-19 Revenue less expensesPrior year $223,937$261,729
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $918,284 across 6 lines filed
VIII-1b Membership dues$463,744
VIII-1c Fundraising events$299,928
VIII-1f All other contributions, gifts and grants$154,491
VIII-1h Total contributions, gifts and grants$918,163
VIII-3 Investment incomeRelated to mission $121$121
VIII-12 Total revenueRelated to mission $121 · Unrelated business $0 · Excluded from tax $0$918,284
Part IX · Statement of functional expenses $656,555 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $554,880$554,880
IX-11a Management feesManagement $56,027$56,027
IX-11c Accounting feesManagement $8,275$8,275
IX-12 Advertising and promotionManagement $203$203
IX-13 Office expensesPrograms $22,039 · Management $5,495$27,534
IX-24 Other expenses (24a–d)Management $9,636$9,636
IX-25 Total functional expensesPrograms $576,919 · Management $79,636 · Fundraising $0$656,555
Part X · Balance sheet $781,412 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $552,468$781,412
X-16 Total assetsStart of year $552,468$781,412
X-25 Other liabilitiesStart of year $786$411
X-26 Total liabilitiesStart of year $33,196$411
X-32 Total net assets or fund balancesStart of year $519,272$781,001
X-33 Total liabilities and net assetsStart of year $552,468$781,412
Part XI · Reconciliation of net assets $781,001 net assets at year end
XI-1 Total revenue$918,284
XI-2 Total expenses$656,555
XI-3 Revenue less expenses$261,729
XI-4 Net assets at start of year$519,272
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$781,001

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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