Forsyth Development Foundation EIN 81-0502764

Forsyth Development Foundation FY2021 filing

EIN  81-0502764 Public charity (501(c)(3)) Forsyth, MT
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Forsyth Development Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Promotes community recreational and developmental growth in Forsyth, Montana.
Leadership
Robert Martelle · Director
Money in and out
$401K revenue, $328K expenses
Bottom line
83% program efficiency

Promotes community recreational and developmental growth in Forsyth, Montana. For fiscal year 2021 it reported $401K in revenue, $328K in expenses, and $673K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$401K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$673K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $73K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.17
Program efficiency
83%
of spending reaches programs
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$401K
FY2021▼ -8%
Expenses
$328K
FY2021▼ -6%
Total assets
$735K
FY2021▲ +10%
Total liabilities
$62K
FY2021▼ -12%
Total revenue
$401K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$673K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$73K
Total assetsPt X · Ln 16$735K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $273K of program spending, described in the organization's own filed words · FY2021.
01

Forsyth development foundation leases affordable rental units known as riverview villa from the city of forsyth, MT. These 50 units are rented to residents who are 55 and older. In addition, the foundation leases affordable rental units known as antelope creek.

$273Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForsyth Development Foundation
EINHdr · item D81-0502764
Principal addressHdr · item CForsyth, MT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22)
Ruling yearIRS BMFMar 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Forsyth Development Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue100%$401K
Investment income$39
Total revenueLn 12$401K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$273K
Management & general17%$55K
Total functional expensesLn 25$328K

Balance Sheet

Part X · end of year
CashLn 1$93K
Total assetsLn 16$735K
Total liabilitiesLn 26$62K
Total net assetsLn 32$673K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $93K · Operating expenses/yr $328K
3.4 months
Where the money goes
Program services
Program services $273K · Total expenses $328K
83%
Management & General
Management & general $55K · Total expenses $328K
17%
Fundraising
Fundraising $0 · Total expenses $328K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $401K
0%
Government reliance
Government grants — · Total revenue $401K
Earned-income share
Program service revenue $401K · Total revenue $401K
100%
Investment reliance
Investment income $39 · Total revenue $401K
0%
Program self-sufficiency
Program service revenue $401K · Total expenses $328K
122%
Growth & trend
Revenue growth (YoY)
This year $401K · Prior year $434K
-8%
Net-asset trend (YoY)
End of year $673K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $401K · Expenses $328K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $735K
Net-asset ratio
Net assets $673K · Total assets $735K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $735K
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Martelle · Reported title Director · Highest reported compensation $0 · Total expenses $328K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $328K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 17%
Revenue growth -8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Forsyth Development Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$454K revenue · ⤓ 990 PDF
FY2023$444K revenue · ⤓ 990 PDF
FY2022$421K revenue · ⤓ 990 PDF
FY2021$401K revenue · viewing · ⤓ 990 PDF
FY2020$434K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

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 peer-cohort and compensation comparisons above.