SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2017
Open to Public
Inspection
Name of the organization
MONTANA COMMUNITY FOUNDATION INC
 
Employer identification number

81-0450150
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B APPROPRIATE INDIVIDUALS IN MANAGEMENT AND THE AUDIT AND COMPLIANCE COMMITTEE MEMBERS OF THE BOARD REVIEW THE RETURN BEFORE FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C AT EVERY BOARD MEETING PRIOR TO APPROVING GRANTS, THE BOARD IS ASKED TO DISCLOSE ANY CONFLICT. ANNUALLY, BOARD AND STAFF ARE REQUIRED TO SIGN DISCLOSURE STATEMENTS. ANNUALLY, THE BOARD RECEIVES TRAINING ON CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO/PRESIDENT IS THE RESPONSIBILITY OF THE EXECUTIVE COMMITTEE OF THE INDEPENDENT BOARD OF DIRECTORS. A MATRIX IS USED TO DETERMINE PERFORMANCE. COMPARABLE COMPENSATION DATA IS USED AND APPROVED BY THE EXECUTIVE COMMITTEE. COMPENSATION DECISIONS FOR KEY OFFICERS ARE THE RESPONSIBILITY OF THE CEO/PRESIDENT. OUTSIDE INFORMATION REGARDING SALARIES PAID BY SIMILAR ORGANIZATIONS IS EVALUATED.
FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST AS WELL.
FORM 990, PART XI, LINE 9: ENDOWMENT AGENCY FUND ACTIVITY -817,954. CHANGE IN VALUE OF BENEFICIAL INTEREST IN POOLED INCOME FUND -128,638. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -172,080. TRANSFER OF ASSETS UNDER MANAGEMENT -1,811. PASSTHROUGH LOSS FROM K-1 2,711.
FORM 990 AND FORM 990-T WE ARE AMENDING FORM 990, SCHEDULE F, PART IV LINE 5 TO INDICATE THAT THE ORGANIZATION OWNS AN INTEREST IN A FOREIGN PARTNERSHIP. THE 990-T IS ALSO BEING AMENDED TO REMOVE THE AMOUNT OF QUALIFIED TRANSPORTATION FRINGE BENEFITS PREVIOUSLY REPORTED AS UNRELATED BUSINESS INCOME, WHICH HAS BEEN REPEALED IN ACCORDANCE WITH THE SIGNING OF THE "FURTHER CONSOLIDATED APPROPRIATIONS ACTS, 2020" ON DECEMBER 20, 2019.
FORM 990 SCHEDULE R PART I THE ADDRESS TO MCF REAL PROPERTY LLC ON SCHEDULE R, PART I HAS BEEN UPDATED TO REFLECT THE CORRECT ADDRESS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2017


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