Civic Intelligence

Madison River Foundation Inc.

990 • Fiscal year 2018 • EIN 56-2333733

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 02, 2019

P O Box 1527Ennis, MT 59729

(406) 682-3148

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$48,625

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 24.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

65th percentile

12%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

15th percentile

-36%

Faster revenue growth than 15% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$452,750

Up $48,406 (+12%) from 2017

Net Assets

Up

$449,258

Up $55,125 (+14%) from 2017

Liabilities

Down

$3,492

Down $6,719 (-66%) from 2017

Revenue

Down

$202,845

Down $111,947 (-36%) from 2017

Expenses

Down

$147,720

Down $62,756 (-30%) from 2017

Net Income

Down

$55,125

Down $49,191 (-47%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $167,862Liabilities 2010: $1,896Net Assets 2010: $165,9662010Assets 2011: $242,018Liabilities 2011: $5,700Net Assets 2011: $236,3182011Assets 2012: $190,489Liabilities 2012: $4,639Net Assets 2012: $185,8502012Assets 2013: $196,915Liabilities 2013: $1,039Net Assets 2013: $195,8762013Assets 2014: $196,396Liabilities 2014: $1,518Net Assets 2014: $194,8782014Assets 2015: $287,448Liabilities 2015: $715Net Assets 2015: $286,7332015Assets 2016: $292,714Liabilities 2016: $2,897Net Assets 2016: $289,8172016Assets 2017: $404,344Liabilities 2017: $10,211Net Assets 2017: $394,1332017Assets 2018: $452,750Liabilities 2018: $3,492Net Assets 2018: $449,2582018Assets 2019: $247,567Liabilities 2019: $1,5992019Assets 2020: $106,121Liabilities 2020: $5,502Net Assets 2020: $100,6192020Assets 2021: $204,873Liabilities 2021: $8,941Net Assets 2021: $195,9322021Assets 2022: $347,812Liabilities 2022: $5,097Net Assets 2022: $342,7152022Assets 2023: $293,620Liabilities 2023: $3,875Net Assets 2023: $289,7452023

Highlighted filing

2018

Assets$452,750
Liabilities$3,492
Net Assets$449,258

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2010: $152,151Expenses 2010: $150,926Net Income 2010: $1,2252010Expenses 2011: $104,5222011Expenses 2012: $260,2782012Revenue 2013: $150,103Expenses 2013: $140,077Net Income 2013: $10,0262013Revenue 2014: $167,348Expenses 2014: $168,346Net Income 2014: -$9982014Revenue 2015: $258,804Expenses 2015: $166,949Net Income 2015: $91,8552015Revenue 2016: $306,841Expenses 2016: $305,659Net Income 2016: $1,1822016Revenue 2017: $314,792Expenses 2017: $210,476Net Income 2017: $104,3162017Revenue 2018: $202,845Expenses 2018: $147,720Net Income 2018: $55,1252018Revenue 2019: $89,073Expenses 2019: $292,363Net Income 2019: -$203,2902019Revenue 2020: $82,915Expenses 2020: $228,264Net Income 2020: -$145,3492020Revenue 2021: $282,631Expenses 2021: $195,318Net Income 2021: $87,3132021Revenue 2022: $427,227Expenses 2022: $280,444Net Income 2022: $146,7832022Revenue 2023: $240,092Expenses 2023: $293,062Net Income 2023: -$52,9702023

Highlighted filing

2018

Revenue$202,845
Expenses$147,720
Net Income$55,125
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 2, 2019
Return Version
2018v3.1
Gross Receipts
$230,045
Mission and Program Overview

Mission

To preserve, protect, and enhance the madison river ecosystem.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$395,228$441,654▲ $46,426
Land, Buildings, and Equipment, Net$8,652$6,793▼ $1,859
Prepaid Expenses and Deferred Charges$464$4,303▲ $3,839
Savings and Temporary Cash Investments-$0-
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$404,344$452,750▲ $48,406
Other Assets Total-$0-
Liabilities
Other Liabilities$2,319$2,900▲ $581
Accounts Payable and Accrued Expenses$7,892$592▼ $7,300
Total Liabilities$10,211$3,492▼ $6,719
Net Assets / Fund Balance
Unrestricted Net Assets$157,039$300,527▲ $143,488
Temporarily Rstr Net Assets$237,094$148,731▼ $88,363
Total Net Assets Fund Balance$394,133$449,258▲ $55,125
Total Liabilities and Net Assets / Fund Balance$404,344$452,750▲ $48,406

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,793$21,667$28,460
Compensation and Service Providers

Employees

NameTitleOtherTotal
Lauren F WittorpExecutive Director$48,625$48,625
Pamela S KimmeyExecutive Director$1,208$1,208

Board Members and Trustees

NameTitle
Tim BozorthPresident
Jackie MatthewsVice President
Bill MercerDirector
Jim DawsonDirector
Jim SlatteryDirector
Robert CeleciaDirector
Terry QuirkDirector
Patrick ToalsonSecretary
Beth HagemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$227,565
Program Service Revenue
$0
Investment Income
$1,345
Other Revenue
$-26,065
All Other Contributions
$107,944
Change in Net Assets
$55,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$79,266
Total Fundraising Expense$43,597
Other Expenses$37,372
Grants and Similar Amounts Paid$31,082
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$19,933$2,492$27,408$49,833
Grants to Domestic Orgs$31,082--$31,082
Other Salaries and Wages$9,428$1,179$12,964$23,571
Payroll Taxes$2,344$293$3,225$5,862
Travel-$5,720-$5,720
Advertising-$3,950-$3,950
Depreciation Depletion-$1,860-$1,860
Other Expenses-$302-$302
Total Functional Expenses$62,787$41,336$43,597$147,720
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$27,200
Fundraising Gross Income$1,135
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner$60,377$575$5,553$-4,978
Festival$6,845$560-$560
Total Events$67,222$1,135$27,200$-26,065
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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 6: Explanation of Classes of Members or Shareholder

The organization maintains a membership open to the public through a simple sign up process and payment of minimal dues.

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

A copy of the form 990 was presented to the board by the executive director prior to its filing. The board reviewed the return and acknowledged its accuracy prior to signing and filing.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The executive director's performance relative to specific goals are reviewed annually by the board of directors. Compensation adjustments are based on performance and considering marketplace factors.

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

The governing documents, policies and financial statements are available upon request by the public of any board member.

Filing and Contact Details

Filer

Filer Name
Madison River Foundation
EIN
56-2333733
Phone
4066823148
Address
P O BOX 1527, ENNIS, MT 59729

Signing Officer

Name
Lauren Wittorp
Title
Executive Director
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Mt
Voting Board Members
9
Independent Board Members
7
Employees
4
Volunteers
10

Preparer

Firm
Rudd & Company PLLC
Address
3805 Valley Commons Drive Suite 7, Bozeman, MT 59718
Preparer
Scott Holton CPA
Phone
4065853393
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IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0OFFICE EXPENSES
IRS990/OtherExpensesGrp/Desc1DUES AND FEES
IRS990/OtherExpensesGrp/Desc2MEMBER INCENTIVES & STEWARDS
IRS990/OtherExpensesGrp/Desc3CATERING AND FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019643
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13401
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22496
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3302
IRS990/OtherExpensesGrp/TotalAmt019643
IRS990/OtherExpensesGrp/TotalAmt13401
IRS990/OtherExpensesGrp/TotalAmt22496
IRS990/OtherExpensesGrp/TotalAmt3302
IRS990/OtherLiabilitiesGrp/BOYAmt02319
IRS990/OtherLiabilitiesGrp/EOYAmt02900
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012964
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01179
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09428
IRS990/OtherSalariesAndWagesGrp/TotalAmt023571
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03225
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0293
IRS990/PayrollTaxesGrp/ProgramServicesAmt02344
IRS990/PayrollTaxesGrp/TotalAmt05862
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0464
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04303
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Awards and scholarships to students.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01210
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0343062
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt096476
IRS990/PYInvestmentIncomeAmt0657
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt032798
IRS990/PYOtherRevenueAmt0-28927
IRS990/PYRevenuesLessExpensesAmt0104316
IRS990/PYSalariesCompEmpBnftPaidAmt081202
IRS990/PYTotalExpensesAmt0210476
IRS990/PYTotalRevenueAmt0314792
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt055125
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0346157
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0343062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0261067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0203903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0122415
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01276604
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01345
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0657
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02180
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0624
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0624
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99780
IRS990ScheduleA/PublicSupportPY170Pct00.99860
IRS990ScheduleA/PublicSupportTotal170Amt01276604
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0346157
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0343062
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0261067
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0203903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0122415
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01276604
IRS990ScheduleA/TotalSupportAmt01279408
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt06793
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021667
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06793
IRS990ScheduleD/TotalLiabilityAmt02900
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt066087
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt059802
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt06285
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08731
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt08731
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt060377
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06845
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt067222
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0575
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0560
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01135
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-26065
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt04299
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt06236
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt010535
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05553
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05553
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02381
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02381
IRS990ScheduleG/LicensedStatesCd0MT
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization maintains a membership open to the public through a simple sign up process and payment of minimal dues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the form 990 was presented to the board by the executive director prior to its filing. The board reviewed the return and acknowledged its accuracy prior to signing and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director's performance relative to specific goals are reviewed annually by the board of directors. Compensation adjustments are based on performance and considering marketplace factors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, policies and financial statements are available upon request by the public of any board member.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.94$0.04$2.90$2.40$2.93$0.53
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.05$3.43$4.27$2.80$1.47
2021Summary only. Only limited summary data is available for this year.$2.05$0.09$1.96$2.83$1.95$0.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.06$1.01$0.83$2.28$1.45
2019Summary only. Only limited summary data is available for this year.$2.48$0.02$0.89$2.92$2.03
2018Detailed filing. Detailed filing data is available for this year.$4.53$0.03$4.49$2.03$1.48$0.55
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.04$0.10$3.94$3.15$2.10$1.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.03$2.90$3.07$3.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.87$0.01$2.87$2.59$1.67$0.92
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.02$1.95$1.67$1.68$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.97$0.01$1.96$1.50$1.40$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.05$1.86$2.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.06$2.36$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.02$1.66$1.52$1.51$0.01