Montgomery Family Foundation Inc

Alpharetta, GA
Tax-exempt since July 1991
EIN: 58-1928906

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$1.66M (2024)

Expenses

$1.06M (2024)

Total Assets

$15.3M (2024)

Total Liabilities

$345k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Oct.
2024

Revenue

$1,659,035

Expenses

$1,060,322

Net Income

$598,713

Net Assets

$14,979,036

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$358,600	21.6%
Sales of Assets	$883,898	53.3%
Other Income	$416,524	25.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$709,923	67.0%
Compensation of Officers*	$96,500	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$15,323,709
Total Liabilities	$344,673
Net Assets	$14,979,036

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery Iii (President)	$40,000	$0
Mary Montgomery (Treasurer)	$25,000	$0
Beverly Bennett (Senior Director)	$20,000	$0
Elizabeth Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$1,500	$0

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990-PF

Filed on June 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2023

Revenue

$1,221,576

Expenses

$968,076

Net Income

$253,500

Net Assets

$14,308,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$316,007	25.9%
Sales of Assets	$306,177	25.1%
Other Income	$577,110	47.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$609,436	63.0%
Compensation of Officers*	$91,000	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,645,773
Total Liabilities	$336,834
Net Assets	$14,308,939

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery Iii (President)	$35,000	$0
Mary Montgomery (Treasurer)	$25,000	$0
Beverly Bennett (Senior Director)	$20,000	$0
Elizabeth Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$1,000	$0

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990-PF

Filed on June 27, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2022

Revenue

$1,840,455

Expenses

$1,144,266

Net Income

$696,189

Net Assets

$13,960,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$322,284	17.5%
Sales of Assets	$1,112,442	60.4%
Other Income	$405,333	22.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$797,745	69.7%
Compensation of Officers*	$90,000	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,466,699
Total Liabilities	$506,138
Net Assets	$13,960,561

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery Iii (President)	$35,000	$0
Mary Montgomery (Treasurer)	$25,000	$0
Beverly Bennett (Senior Director)	$20,000	$0
Elizabeth Scheine (Director)	$10,000	$0

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990-PF

Filed on March 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2021

Revenue

$1,817,447

Expenses

$1,039,365

Net Income

$778,082

Net Assets

$13,195,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$243,170	13.4%
Sales of Assets	$1,278,849	70.4%
Other Income	$294,332	16.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$742,883	71.5%
Compensation of Officers*	$92,500	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,545,425
Total Liabilities	$350,122
Net Assets	$13,195,303

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery Iii (President)	$35,000	$0
Mary Montgomery (Treasurer)	$25,000	$0
Beverly Edmundson Bennett (Senior Director)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$2,500	$0

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990-PF

Filed on March 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2020

Revenue

$1,378,987

Expenses

$1,014,070

Net Income

$364,917

Net Assets

$12,371,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$263,886	19.1%
Sales of Assets	$741,164	53.7%
Other Income	$373,937	27.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$710,125	70.0%
Compensation of Officers*	$92,500	9.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,620,984
Total Liabilities	$249,748
Net Assets	$12,371,236

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery Iii (President)	$35,000	$0
Mary Montgomery (Treasurer)	$25,000	$0
Beverly Edmundson Bennett (Senior Director)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$2,500	$0

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990-PF

Filed on March 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Oct.
2019

Revenue

$1,379,846

Expenses

$981,787

Net Income

$398,059

Net Assets

$11,940,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$272,631	19.8%
Sales of Assets	$685,070	49.6%
Other Income	$422,145	30.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$634,327	64.6%
Compensation of Officers*	$107,500	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,276,641
Total Liabilities	$336,636
Net Assets	$11,940,005

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery (Ceo)	$25,000	$0
Lj Montgomery Iii (President)	$25,000	$0
Beverly Edmundson Bennett (Senior Director)	$22,500	$0
Mary Montgomery (Treasurer)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$5,000	$0

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990-PF

Filed on March 11, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2018

Revenue

$1,406,608

Expenses

$929,652

Net Income

$476,956

Net Assets

$11,467,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$224,599	16.0%
Sales of Assets	$845,397	60.1%
Other Income	$336,599	23.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$607,288	65.3%
Compensation of Officers*	$102,500	11.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,849,087
Total Liabilities	$381,415
Net Assets	$11,467,672

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery (Ceo)	$25,000	$0
Beverly Edmundson Bennett (Senior Director)	$22,500	$0
Lj Montgomery Iii (President)	$20,000	$0
Mary Montgomery (Treasurer)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$5,000	$0

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990-PF

Filed on Feb. 21, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2017

Revenue

$1,109,202

Expenses

$827,019

Net Income

$282,183

Net Assets

$10,930,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$210,157	18.9%
Sales of Assets	$611,344	55.1%
Other Income	$279,743	25.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$542,576	65.6%
Compensation of Officers*	$102,500	12.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,235,860
Total Liabilities	$305,612
Net Assets	$10,930,248

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery (Ceo)	$25,000	$0
Beverly Edmundson Bennett (Senior Director)	$22,500	$0
Lj Montgomery Iii (President)	$20,000	$0
Mary Montgomery (Treasurer)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$10,000	$0
Christine Eickstead (Director)	$5,000	$0

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990-PF

Filed on March 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2016

Revenue

$1,410,303

Expenses

$881,313

Net Income

$528,990

Net Assets

$10,596,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$202,364	14.3%
Sales of Assets	$834,245	59.2%
Other Income	$360,977	25.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$547,063	62.1%
Compensation of Officers*	$97,500	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,843,676
Total Liabilities	$247,220
Net Assets	$10,596,456

Compensation

Key Employees and Officers	Compensation	Other
Lj Montgomery (Ceo)	$25,000	$0
Beverly Edmundson Bennett (Senior Director)	$22,500	$0
Lj Montgomery Iii (President)	$20,000	$0
Mary Montgomery (Treasurer)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$10,000	$0

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990-PF

Filed on March 28, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Oct.
2015

Revenue

$2,154,869

Expenses

$1,079,868

Net Income

$1,075,001

Net Assets

$10,000,832

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$225,204	10.5%
Sales of Assets	$1,144,997	53.1%
Other Income	$747,490	34.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$621,051	57.5%
Compensation of Officers*	$137,500	12.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,349,306
Total Liabilities	$348,474
Net Assets	$10,000,832

Compensation

Key Employees and Officers	Compensation	Other
Beverly Edmundson Bennett (Senior Director)	$32,500	$0
L J Montgomery Iii (President)	$30,000	$0
Mary Montgomery (Treasurer)	$30,000	$0
L J Montgomery (Ceo)	$25,000	$0
Elizabeth Montgomery Scheine (Director)	$15,000	$0
Christine Eickstead (Director)	$5,000	$0

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990-PF

Filed on March 10, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Oct.
2014

Revenue

$1,375,142

Expenses

$906,829

Net Income

$468,313

Net Assets

$8,783,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42	0.0%
Dividends	$219,157	15.9%
Sales of Assets	$311,367	22.6%
Other Income	$840,442	61.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$495,426	54.6%
Compensation of Officers*	$92,500	10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,496,636
Total Liabilities	$713,333
Net Assets	$8,783,303

Compensation

Key Employees and Officers	Compensation	Other
L J Montgomery (Ceo)	$25,000	$0
Beverly Edmundson Bennett (Director)	$22,500	$0
L J Montgomery Iii (President)	$20,000	$0
Mary Montgomery (Treasurer)	$20,000	$0
Elizabeth Montgomery Scheine (Director)	$5,000	$0

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990-PF

Filed on March 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Oct.
2013

Revenue

$1,047,808

Expenses

$833,325

Net Income

$214,483

Net Assets

$8,105,600

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$92	0.0%
Dividends	$202,834	19.4%
Sales of Assets	$45,041	4.3%
Other Income	$797,436	76.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$445,960	53.5%
Compensation of Officers*	$93,000	11.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,862,119
Total Liabilities	$756,519
Net Assets	$8,105,600

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2012

Revenue

$1,067,704

Expenses

$763,493

Net Income

$304,211

Net Assets

$7,759,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$247	0.0%
Dividends	$190,733	17.9%
Sales of Assets	$45,110	4.2%
Other Income	$827,499	77.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$412,380	54.0%
Compensation of Officers*	$72,500	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,518,585
Total Liabilities	$759,174
Net Assets	$7,759,411

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Oct.
2011

Revenue

$984,185

Expenses

$621,877

Net Income

$362,308

Net Assets

$7,318,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150	0.0%
Interest Revenue	$495	0.1%
Dividends	$224,461	22.8%
Sales of Assets	$101,145	10.3%
Other Income	$654,251	66.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$362,400	58.3%
Compensation of Officers*	$42,500	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,073,483
Total Liabilities	$754,710
Net Assets	$7,318,773

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Montgomery Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.66M (2024)

Expenses $1.06M (2024)

Total Assets $15.3M (2024)

Total Liabilities $345k (2024)

Tax Filings by Year

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.66M (2024)

Expenses

$1.06M (2024)

Total Assets

$15.3M (2024)

Total Liabilities

$345k (2024)

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001