Montrose Community Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841128761 ✦ Montrose, CO ✦ Designated as a 501(c)(3)

Overview

What is Montrose Community Foundation?

The Montrose Community Foundation is a community-focused organization situated in Montrose, Colorado. Acting as a facilitator, it supports various local projects, primarily in the areas of education, youth activities, infrastructure, and community service. As a charitable entity, its primary purpose is to back local non-profit organizations. The mission of the Montrose Community Foundation revolves around embracing innovative ideas, connecting donors with community causes, promoting worthwhile projects and partnerships, managing endowment funds, providing grants and support to effective organizations, and encouraging estate and legacy giving. With a modest team of two dedicated individuals, the foundation plays a significant role in shaping and improving the Montrose community.


Official website here: www.montrosecf.com

Is Montrose Community Foundation legitimate?

Montrose Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montrose Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $65,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.montrosecf.com

What is the mission statement of Montrose Community Foundation?

The Montrose Community Foundation is dedicated to supporting local non-profit organizations. Its mission is multi-faceted, encompassing the pursuit of innovative ideas, fostering connections between charitable donors and community causes, promoting worthy community projects and partnerships, managing and growing permanent endowment funds, providing grants and other forms of support to effective community organizations, and facilitating estate and legacy giving. In essence, the foundation aims to strengthen its community by promoting charitable initiatives and encouraging philanthropic endeavors.


Official website here: www.montrosecf.com

Who is the CEO of Montrose Community Foundation?

Laird Landon is the Executive Director of Montrose Community Foundation.


Official website here: www.montrosecf.com

What is the revenue of Montrose Community Foundation?

Montrose Community Foundation's revenue in 2022 was $479,705.


Official website here: www.montrosecf.com

Who are the executives of Montrose Community Foundation and what are their salaries?

The average compensation at Montrose Community Foundation during 2022 was $32,625. There are 2 employees at Montrose Community Foundation.

Here are 10 key members and their salaries:

    Sara Plumhoff (Executive Director)
  • Compensation: $69,333
  • Related: $0
  • Other: $0

    • Sarah Abbott (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laird Landon (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vin Singh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Smith (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Mccoige (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Whittman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Atha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ross Valdez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Meredith Fishering (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.montrosecf.com

    Where can I find the form 990 for Montrose Community Foundation?

    The Montrose Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.montrosecf.com

    Learn more at the official website: www.montrosecf.com

    Mission Statement of Montrose Community Foundation

    The Montrose Community Foundation, a community-focused organization, is dedicated to supporting local non-profit initiatives. Its mission is multifaceted, aiming to:

    1. Encourage and embrace innovative ideas that can bring about positive change within the community.

    2. Act as a bridge between charitable donors and community causes, fostering a sense of shared responsibility and investment.

    3. Promote worthy community projects and partnerships, nurturing collaboration and collective action.

    4. Manage and grow permanent endowment funds, ensuring a stable source of financial support for community organizations.

    5. Provide grants and other forms of assistance to effective community organizations, aiding them in achieving their goals and making a tangible impact.

    6. Facilitate estate and legacy giving, enabling individuals to leave a lasting impact on their community by incorporating charitable donations into their estate planning.

    In essence, the Montrose Community Foundation serves as a catalyst for positive change, connecting resources and people to make a significant difference in the community.

    Impact

    This information is meant to be a general summary of Montrose Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Montrose Community Foundation impacts its local community by serving as a facilitating entity behind multiple projects focused on education, youth activities, infrastructure, and community service. Their mission includes seeking and embracing innovative ideas, connecting charitable donors to community causes, promoting worthwhile projects and partnerships, managing permanent endowment funds, providing grants to effective organizations, and facilitating estate and legacy giving. Through their philanthropic efforts, the Montrose Community Foundation plays a significant role in supporting and enhancing the well-being of the Montrose community in Colorado.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $146,488
  • Program Service Revenue: $40,491
  • Gross Receipts: $734,168

    • Assets and Liabilities:
  • Total Assets: $5,549,233
  • Total Liabilities: $1,409,374
  • Net Assets: $4,139,859
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DONOR ADMIN FEE

    Revenue

    $18,635

    DONOR DESIGNATED ADMIN

    Revenue

    $11,425

    DEVELOPMENT INCOME

    Revenue

    $10,431

    Organization Details

    Founding Year

    1989

    Principal Officer

    Laird Landon

    Main Address

    PO BOX 3020, MONTROSE, CO, 81402

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Montrose Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.