Civic Intelligence

Nate Chute Foundation Inc.

990 • Fiscal year 2020 • EIN 45-0494907

Jan 01, 2020 to Dec 31, 2020 • Filed on May 15, 2021

PO Box 245Whitefish, MT 59937

(406) 730-2521

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

89th percentile

51%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

91%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

64%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$268,221

Up $127,961 (+91%) from 2019

Net Assets

Up

$267,107

Up $127,407 (+91%) from 2019

Liabilities

Up

$1,114

Up $554 (+99%) from 2019

Revenue

Up

$249,857

Up $97,489 (+64%) from 2019

Expenses

Up

$122,450

Up $11,202 (+10%) from 2019

Net Income

Up

$127,407

Up $86,287 (+210%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2017: $82,653Liabilities 2017: $02017Assets 2018: $98,579Liabilities 2018: $02018Assets 2019: $140,260Liabilities 2019: $560Net Assets 2019: $139,7002019Assets 2020: $268,221Liabilities 2020: $1,114Net Assets 2020: $267,1072020Assets 2021: $471,712Liabilities 2021: $3,945Net Assets 2021: $467,7672021Assets 2022: $578,488Liabilities 2022: $8,659Net Assets 2022: $569,8292022Assets 2023: $603,644Liabilities 2023: $16,526Net Assets 2023: $587,1182023Assets 2024: $671,840Liabilities 2024: $37,422Net Assets 2024: $634,4182024

Highlighted filing

2020

Assets$268,221
Liabilities$1,114
Net Assets$267,107

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2017: $66,900Expenses 2017: $54,451Net Income 2017: $12,4492017Revenue 2018: $109,907Expenses 2018: $93,981Net Income 2018: $15,9262018Revenue 2019: $152,368Expenses 2019: $111,248Net Income 2019: $41,1202019Revenue 2020: $249,857Expenses 2020: $122,450Net Income 2020: $127,4072020Revenue 2021: $395,297Expenses 2021: $194,637Net Income 2021: $200,6602021Revenue 2022: $354,261Expenses 2022: $252,199Net Income 2022: $102,0622022Revenue 2023: $418,900Expenses 2023: $401,611Net Income 2023: $17,2892023Revenue 2024: $529,406Expenses 2024: $482,106Net Income 2024: $47,3002024

Highlighted filing

2020

Revenue$249,857
Expenses$122,450
Net Income$127,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 15, 2021
Return Version
2020v4.0
Gross Receipts
$251,987
Mission and Program Overview

Mission

Provide youth suicide prevention education and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$139,700$267,107▲ $127,407
Cash and Non-Interest-Bearing Accounts$88,379$165,461▲ $77,082
Savings and Temporary Cash Investments$51,882$102,760▲ $50,878
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$140,261$268,221▲ $127,960
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$560$1,114▲ $554
Other Liabilities$1--
Total Liabilities$561$1,114▲ $553
Net Assets / Fund Balance
Total Net Assets Fund Balance$139,700$267,107▲ $127,407
Total Liabilities and Net Assets / Fund Balance$140,261$268,221▲ $127,960
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$248,715
Program Service Revenue
$0
Investment Income
$1,002
Other Revenue
$140
All Other Contributions
$236,560
Change in Net Assets
$127,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,132
Other Expenses$31,368
Total Fundraising Expense$6,683
Grants and Similar Amounts Paid$5,950
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,532$30,260$2,554$78,346
Fees for Services Other$7,540$1,500-$9,040
Payroll Taxes$3,970$2,590$226$6,786
Grants to Domestic Individuals$5,950--$5,950
Advertising$2,987$290$1,787$5,064
Fees for Services Accounting-$4,155-$4,155
Insurance-$2,623-$2,623
Occupancy-$1,567-$1,567
Conferences and Meetings$683$532-$1,215
All Other Expenses$128$774$266$1,168
Other Expenses$1,139$760$544$544
Total Functional Expenses$68,924$46,843$6,683$122,450
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$2,270
Gaming Direct Expenses$2,130
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Terry chute & jane kollmeyer are a married couple.

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 is reviewed in detail by the treasurer and executive director. Any changes or errors are noted and forwarded to the tax return preparer. A final copy of the tax return is then presented to each member of the board of directors and reviewed at either a board meeting or electronically. The board of directors votes on approving and submitting the form or with any changes needed as noted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each new board member must review and sign our conflict of interest policy upon accepting a position on the board. This policy contains a duty to disclose clause. Additionally the treasurer and executive director review all financial transactions on a monthly basis and notify the board of any conflict of interest.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

This organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Nate Chute Foundation Inc
EIN
45-0494907
Phone
4067302521
Address
PO BOX 245, WHITEFISH, MT 59937

Signing Officer

Name
Terry Chute
Title
Chairman
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Mt
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
7

Preparer

Firm
Bookkeeping Aa
Address
860 N MERIDIAN RD UNIT A13, KALISPELL, MT 59901
Preparer
Carrie Clay
Phone
4062535827
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IRS990/PYOtherRevenueAmt01915
IRS990/PYRevenuesLessExpensesAmt041120
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IRS990/PYTotalExpensesAmt0111248
IRS990/PYTotalRevenueAmt0152368
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0267107
IRS990/SavingsAndTempCashInvstGrp/BOYAmt051882
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0149743
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0108179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt062785
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt059065
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0628487
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0305
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0281
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0710
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0305
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0481
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0281
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IRS990ScheduleA/InvestmentIncomeCYPct00.00420
IRS990ScheduleA/InvestmentIncomePYPct00.00440
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt059065
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt059346
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0631166
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05950
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0WHITEFISH SCHOOL DISTRICT
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IRS990ScheduleI/TotalOtherOrgCnt00
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TERRY CHUTE & JANE KOLLMEYER ARE A MARRIED COUPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED IN DETAIL BY THE TREASURER AND EXECUTIVE DIRECTOR. ANY CHANGES OR ERRORS ARE NOTED AND FORWARDED TO THE TAX RETURN PREPARER. A FINAL COPY OF THE TAX RETURN IS THEN PRESENTED TO EACH MEMBER OF THE BOARD OF DIRECTORS AND REVIEWED AT EITHER A BOARD MEETING OR ELECTRONICALLY. THE BOARD OF DIRECTORS VOTES ON APPROVING AND SUBMITTING THE FORM OR WITH ANY CHANGES NEEDED AS NOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH NEW BOARD MEMBER MUST REVIEW AND SIGN OUR CONFLICT OF INTEREST POLICY UPON ACCEPTING A POSITION ON THE BOARD. THIS POLICY CONTAINS A DUTY TO DISCLOSE CLAUSE. ADDITIONALLY THE TREASURER AND EXECUTIVE DIRECTOR REVIEW ALL FINANCIAL TRANSACTIONS ON A MONTHLY BASIS AND NOTIFY THE BOARD OF ANY CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068924
IRS990/TotalFunctionalExpensesGrp/TotalAmt0122450
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IRS990/TotalLiabilitiesGrp/BOYAmt0561
IRS990/TotalLiabilitiesGrp/EOYAmt01114
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0139700

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