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Bitterroot Fund EIN 85-0717802

Bitterroot Fund FY2022 filing

EIN  85-0717802 Private foundation / grantmaker Atlanta, GA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Atlanta, GA. It reported about $6K in revenue for 2022.
Leadership
Kenneth C Halcom · President Emeritus
Money in and out
$6K revenue, $129K expenses
Bottom line
—

A private foundation based in Atlanta, GA. It reported about $6K in revenue for 2022. For fiscal year 2022 it reported $6K in revenue, $129K in expenses, and $514K in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$6K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$514K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$123K
Total assets
514K
deployed as grants and operations
Grants paid
125K
in FY2022
Grants made
18grants
total in period
Payout rate
24%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 18 grants · $298K · 2025–2025
Random Acts of SillinessFY2025$85,000
Read MontanaFY2025$30,000
The Shane Lalani Center for the ArtsFY2025$25,000
Verge TheaterFY2025$20,000
Gallatin Valley Land TrustFY2025$20,000
Opera MontanaFY2025$15,000
One Valley Community FoundationFY2025$15,000
Community Health PartnersFY2025$15,000
Casagal of Gallatin CountyFY2025$15,000
BridgercareFY2025$15,000
Heart of the Valley Animal ShelterFY2025$10,000
Tinworks ArtFY2025$5,000
Roots Family CollaborativeFY2025$5,000
Mountain Time ArtsFY2025$5,000
Help Center INCFY2025$5,000
Bozeman Art MuseumFY2025$5,000
Befrienders INCFY2025$5,000
Bozeman Youth CyclingFY2025$2,500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$17K
Median grantPart XV$15K
Largest grantPart XV$85K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$6K
FY2022▼ -99%
Expenses
$129K
FY2022▲ +75%
Total assets
$514K
FY2022▼ -19%
Total liabilities
$0
FY2022
Total revenue
$6K
Pt VIII · Ln 12
Total expenses
$129K
Pt IX · Ln 25
Net assets
$514K
Pt X · Ln 32
Total assetsPt II$514K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBitterroot Fund
EINHdr · item D85-0717802
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Kenneth C Halcom
President Emeritus
$0Pt VII · Sec A
Frank T Waterson III
President & Treasurer
$0Pt VII · Sec A
See Bitterroot Fund executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$6K
Total revenueLn 12$6K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.97 Operating & administrative $0.03
Grants & contributions paid97%$125K
Operating & administrative3%$4K
Total functional expensesLn 25$129K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$514K
Total liabilitiesLn 26$0
Total net assetsLn 32$514K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $514K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $6K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $6K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $6K · Prior year $700K
-99%
Net-asset trend (YoY)
End of year $514K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6K · Expenses $129K
-1945%
Liabilities-to-Assets
Total liabilities — · Total assets $514K
—
Net-asset ratio
Net assets $514K · Total assets $514K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $129K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -99%——

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$514K revenue · ⤓ 990 PDF
FY2024$12K revenue · ⤓ 990 PDF
FY2023$20K revenue · ⤓ 990 PDF
FY2022$6K revenue · viewing · ⤓ 990 PDF
FY2021$700K revenue · ⤓ 990 PDF
FY2020$58K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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