To receive and accept property exclusively for educational, cultural, charitable or benevolent purposes for the benefit, health and improvement of residents of the Central Montana area is such a way that the quality of life in Central Montana shall be enhanced, working alone and with any and all other persons and organizations doing similar work.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 13 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $5.6M a year · 49% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $61.7M in investments, Pt X · Ln 11–13
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $12.0M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
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
$29.9M
+475% vs prior year
Spent
$11.7M
To programs
96%
Net assets
$65.2M
By yearFY2020–FY2024
Revenue
$29.9M
FY2024▲ +475%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$15.0M
FY2022$5.0M
FY2023$5.2M
FY2024$29.9M
Expenses
$11.7M
FY2024▲ +106%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.8M
FY2022$7.0M
FY2023$5.7M
FY2024$11.7M
Net assets
$65.2M
FY2024▲ +54%
Tap a bar for its year
Net assets by fiscal year
FY2020$29.5M
FY2021$44.3M
FY2022$40.2M
FY2023$42.4M
FY2024$65.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1985.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $11.2M Management & general 4% · $455K Fundraising 0% · $22K

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

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$94,140Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A

Carrie Mantooth’s $94K as Executive Director is at the 3rd percentile of top reported officer pay among 661 $10–100M 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.

See Central Montana Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides grants and scholarships to local organizations and students to improve the education, health, and overall quality of life for Central Montana residents.

Questions for Central Montana Foundation

Tap to ask. Central Montana Foundation sees how many people are interested.

Your first name shows with your question. Central Montana Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $11.2M · in their own filed words · FY2024
01

Construction on multiple projects in winifred, MT. Including winifred school housing, winifred airport, winifred waterworks repair, and winifred stockyards.

$5.6Mprogram expense
02

All other grants to various organizations from their own fund or from grants from the central montana foundation undesignated funds. Including scholarships to area students to further their education.

$3.5Mprogram expense
03

Construction began on central montana medical cancer center in lewistown, montana.

$2.1Mprogram 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 7 funders →
Grants paid · 160 grants · $26.0M · 2020–2024
Century CompaniesFY2024$3,416,470
Winifred School DistrictFY2024$919,534
Carr ConstructionFY2024$626,053
Griffith ContractingFY2024$593,226
Unitemized GrantFY2024$496,539
Smith ConstructionFY2024$225,448
Jlw ArchitectureFY2024$207,768
Nb ConstructionFY2024$178,380
Crabtree FencingFY2024$87,531
Petroleum CountyFY2024$70,000
Greyn Scale CoFY2024$69,985
Am EngineeringFY2024$64,500
Stahly Engineering & AssociatesFY2024$54,907
Agdata SourceFY2024$38,693
Winnett Aces INCMT · FY2024$34,400
Lewistown Park and RecreationFY2024$31,824
See all 160 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$29.9M
Ln 12
Gifts and grantsLn 1h$25.7M
Investment incomeLn 3$4.1M
Fees for servicesLn 2g$145K
Money outPt IX
$11.7M
Ln 25
Programscol B$11.2M
Managementcol C$455K
Fundraisingcol D$22K
Owns and owesPt X
$65.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$66.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.7M
Noncash giftsLn 1g$20.0M
Fees for servicesLn 2g$145K
Investment incomeLn 3$4.1M
Other incomeLn 4–11$14K
Gains on assetsLn 7$2.6M
Total revenueLn 12$29.9M
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$4.4M
Cash and savings togetherLn 1–2$4.5M
InvestmentsLn 11–13$61.7M
Land, buildings, equipmentLn 10c$350K
Other assetsLn 15$0
Total assetsLn 16$66.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$65.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$416K$4.5M
InvestmentsLn 11–13$41.8M$61.7M
Land, buildings, equipmentLn 10c$350K$350K
Total assetsLn 16$42.9M$66.7M
LiabilitiesLn 26$502K$1.5M
Net assetsLn 32$42.4M$65.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10.6M$10.6M
Grants to domestic individualsLn 2$591K$591K
Pay of current officers, directors and key staffLn 5$94K$38K$38K$19K
Other salaries and wagesLn 7$7K$714$6K$714
Pension plan contributionsLn 8$4K$2K$2K$770
Payroll taxesLn 10$8K$3K$3K$1K
Legal feesLn 11b$320$320
Accounting feesLn 11c$34K$34K
Investment management feesLn 11f$180K$180K
Other fees for servicesLn 11g$143K$143K
Advertising and promotionLn 12$40$40
Office expensesLn 13$4K$4K
TravelLn 17$64$64
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$37K$37K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$11.7M$11.2M$455K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $29.9M$11.7M$18.3M$65.2M 990 PDF
FY2023 $5.2M$5.7M−$469K$42.4M 990 PDF
FY2022 $5.0M$7.0M−$2.0M$40.2M 990 PDF
FY2021 $15.0M$2.8M$12.2M$44.3M 990 PDF
FY2020 $2.4M$2.4M$41K$29.5M 990 PDF

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $29,940,798 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,953,996$25,712,727
I-9 Program service revenuePrior year $0$145,328
I-10 Investment incomePrior year $1,167,963$4,068,712
I-11 Other revenuePrior year $85,296$14,031
I-12 Total revenuePrior year $5,207,255$29,940,798
I-13 Grants and similar amounts paidPrior year $5,210,647$11,163,137
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $102,270$112,798
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $363,389$406,473
I-18 Total expensesPrior year $5,676,306$11,682,408
I-19 Revenue less expensesPrior year −$469,051$18,258,390
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-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $29,940,798 across 9 lines filed
VIII-1f All other contributions, gifts and grants$25,712,727
VIII-1g Noncash contributions (included above)$19,988,720
VIII-1h Total contributions, gifts and grants$25,712,727
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $145,328$145,328
VIII-3 Investment incomeExcluded from tax $1,445,962$1,445,962
VIII-6 Net rental income or lossExcluded from tax $13,800$13,800
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,622,750$2,622,750
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $231$231
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,228,071$29,940,798
Part IX · Statement of functional expenses $11,682,408 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $10,571,900$10,571,900
IX-2 Grants to domestic individualsPrograms $591,237$591,237
IX-5 Pay of current officers, directors and key staffPrograms $37,656 · Management $37,656 · Fundraising $18,828$94,140
IX-7 Other salaries and wagesPrograms $714 · Management $5,713 · Fundraising $714$7,141
IX-8 Pension plan contributionsPrograms $1,539 · Management $1,540 · Fundraising $770$3,849
IX-10 Payroll taxesPrograms $2,903 · Management $3,286 · Fundraising $1,479$7,668
IX-11b Legal feesManagement $320$320
IX-11c Accounting feesManagement $34,000$34,000
IX-11f Investment management feesManagement $180,134$180,134
IX-11g Other fees for servicesManagement $142,794$142,794
IX-12 Advertising and promotionManagement $40$40
IX-13 Office expensesManagement $3,686$3,686
IX-17 TravelManagement $64$64
IX-19 Conferences, conventions and meetingsManagement $3,787$3,787
IX-23 InsuranceManagement $3,611$3,611
IX-24 Other expenses (24a–d)Management $36,797$36,797
IX-24e All other expensesManagement $1,240$1,240
IX-25 Total functional expensesPrograms $11,205,949 · Management $454,668 · Fundraising $21,791$11,682,408
Part X · Balance sheet $66,712,485 assets, 13 lines filed
Asset lines not itemized here account for $215,008; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $123,212$78,006
X-2 Savings and temporary cash investmentsStart of year $292,741$4,405,685
X-10c Land, buildings and equipment, netStart of year $350,000$350,000
X-11 Publicly traded securitiesStart of year $41,799,004$61,052,923
X-12 Other securities$610,863
X-15 Other assetsStart of year $32,934$0
X-16 Total assetsStart of year $42,851,953$66,712,485
X-17 Accounts payable and accrued expensesStart of year $501,579$1,481,919
X-26 Total liabilitiesStart of year $501,579$1,481,919
X-27 Net assets without donor restrictionsStart of year $237,535$6,687,258
X-28 Net assets with donor restrictionsStart of year $42,112,839$58,543,308
X-32 Total net assets or fund balancesStart of year $42,350,374$65,230,566
X-33 Total liabilities and net assetsStart of year $42,851,953$66,712,485
Part XI · Reconciliation of net assets $65,230,566 net assets at year end
XI-1 Total revenue$29,940,798
XI-2 Total expenses$11,682,408
XI-3 Revenue less expenses$18,258,390
XI-4 Net assets at start of year$42,350,374
XI-5 Net unrealized gains (losses) on investments$4,964,140
XI-8 Prior period adjustments−$449,744
XI-9 Other changes in net assets$107,406
XI-10 Net assets at end of year$65,230,566

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.