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← BILLINGS TOURISM BUSINESS IMPROVEMENT DISTRICT

Form 990 for tax year 2023

Filed by BILLINGS TOURISM BUSINESS IMPROVEMENT DISTRICT.

Totals

Total revenue
$1,751,937
Total expenses
$2,021,958
Contributions and grants received
$1,715,250
Grants paid
$0
Program service revenue
$0
Investment income
$33,412
Other revenue
$3,275
Total assets, end of year
$2,581,762
Total liabilities, end of year
$96,527
Net assets or fund balances, end of year
$2,485,235
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,715,250

  • 3 · Investment income

    total $33,412 · related or exempt $33,412

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $3,275 · related or exempt $3,275

  • 11e · Other revenue, total

    $3,275

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $382,404

  • 8 · Pension plan contributions

    total $27,927

  • 9 · Other employee benefits

    total $39,736

  • 10 · Payroll taxes

    total $29,985

  • 11b · Fees: legal

    total $19,975

  • 11c · Fees: accounting

    total $10,000

  • 11g · Fees: other

    total $2,032

  • 12 · Advertising and promotion

    total $851,116

  • 13 · Office expenses

    total $3,331

  • 14 · Information technology

    total $15,150

  • 19 · Conferences, conventions and meetings

    total $9,675

  • 22 · Depreciation, depletion and amortization

    total $3,867

  • 23 · Insurance

    total $2,554

  • 24a · Other expenses: SALES EXPENSES

    total $175,984

  • 24b · Other expenses: OPPORTUNITY COSTS

    total $140,648

  • 24c · Other expenses: PRINTED MATERIALS

    total $87,960

  • 24d · Other expenses: PUBLICITY

    total $65,080

  • 24e · All other expenses

    total $154,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,604 · end of year $162,197

  • 2 · Savings and temporary cash investments

    beginning of year $1,700,887 · end of year $727,299

  • 4 · Accounts receivable

    beginning of year $861,260 · end of year $1,663,504

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,364 · end of year $20,082

  • 10a · Land, buildings and equipment: cost or other basis

    $59,102

  • 10b · Land, buildings and equipment: accumulated depreciation

    $50,422

  • 10c · Land, buildings and equipment, net

    beginning of year $10,858 · end of year $8,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,717 · end of year $96,527

  • 27 · Net assets without donor restrictions

    beginning of year $2,755,256 · end of year $2,485,235

Mission and programs · 2023

Mission

TO GENERATE ROOM NIGHTS FOR LODGING FACILITIES IN THE CITY OF BILLINGS BY EFFECTIVELY MARKETING THE BILLINGS, MT REGION AS A PREFERRED TRAVEL DESTINATION

Activities or mission (Part I)

TO GENERATE ROOM NIGHTS FOR LODGING FACILITIES IN THE CITY OF BILLINGS BY EFFECTIVELY MARKETING THE BILLINGS, MT REGION AS A PREFERRED TRAVEL DESTINATION.

  • THE ORGANIZATION GENERATES REVENUE TO MARKET THE AREA AS A PREFERRED TRAVEL DESTINATION FOR VISITORS IN ORDER TO CONTRIBUTE TO THE ECONOMIC AND CULTURAL GROWTH OF BILLINGS.

As filed on the 2023 return.

Listed in Part VII

  • STEVE WAHRLICH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHELLI MANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RON SPENCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOE STUDINER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • GEORGE MARAGOS

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JEFF SCHOENHARD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JORDAN CLAYTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202530159349303063

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