MONTROSE COUNSELING CENTER PERMANENT ENDOWMENT INC

Montrose Counseling Center Permanent Endowment, Inc. (the Endowment) is a 501(c)(3) public charity organized in 1988 to provide long-term financial support for the Montrose Center (the Center). The Endowment is structured as a Type III supporting organization and may make distributions to the Center at the discretion of its board. The Endowment’s primary activity is ownership and management of property that is leased to the Montrose Center under a long-term operating lease; rental income is the Endowment’s main source of revenue and is used to support the Center’s programs. For the fiscal year ending August 31, 2024, the Endowment reported approximately $580,769 in revenue, $688,927 in expenses, and total assets on the order of $5.06 million, leaving net assets of roughly $4.87 million. The Endowment files audited financial statements and annual IRS Form 990 returns and appears on the Montrose Center’s public financial disclosures. Its audited financial statements document related-party lease arrangements (annual rental payments of $567,048 under a lease running through December 31, 2028) and note that distributions to the Center are subject to board discretion.