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Nonprofiteer
← EDUCATION FOUNDATION FOR BILLINGS PUBLIC SCHOOLS

Form 990 for tax year 2023

Filed by EDUCATION FOUNDATION FOR BILLINGS PUBLIC SCHOOLS.

Totals

Total revenue
$3,071,273
Total expenses
$1,282,893
Contributions and grants received
$2,461,086
Grants paid
$697,329
Program service revenue
$0
Investment income
$415,172
Other revenue
$195,015
Total assets, end of year
$6,913,981
Total liabilities, end of year
$7,039
Net assets or fund balances, end of year
$6,906,942
Program services expenses (Part IX)
$1,123,469
Management and general expenses
$102,375
Fundraising expenses
$57,049
Program service expenses (Part III)
$1,123,469

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $2,461,086

  • 3 · Investment income

    total $148,098 · related or exempt $148,098

  • 7a · Gross sales of assets other than inventory

    securities $267,074

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $267,074

  • 7d · Net gain or loss

    total $267,074 · related or exempt $267,074

  • 8a · Fundraising events: gross income

    $206,159

  • 8b · Fundraising events: direct expenses

    $11,144

  • 8c · Net income from fundraising events

    total $195,015 · excluded $195,015

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $626,715 · program services $626,715

  • 2 · Grants to domestic individuals

    total $70,614 · program services $70,614

  • 5 · Compensation of officers, directors and key employees

    total $63,653 · program services $15,913 · management and general $31,827 · fundraising $15,913

  • 7 · Other salaries and wages

    total $137,152 · program services $114,516 · management and general $4,042 · fundraising $18,594

  • 9 · Other employee benefits

    total $5,017 · program services $3,259 · management and general $896 · fundraising $862

  • 10 · Payroll taxes

    total $16,894 · program services $10,973 · management and general $3,018 · fundraising $2,903

  • 11c · Fees: accounting

    total $23,030 · management and general $23,030

  • 11f · Fees: investment management

    total $30,272 · management and general $30,272

  • 12 · Advertising and promotion

    total $14,944 · fundraising $14,944

  • 13 · Office expenses

    total $10,638 · program services $2,973 · management and general $3,832 · fundraising $3,833

  • 19 · Conferences, conventions and meetings

    total $6,121 · program services $3,061 · management and general $3,060

  • 22 · Depreciation, depletion and amortization

    total $2,892 · program services $2,892

  • 23 · Insurance

    total $3,921 · program services $1,960 · management and general $1,961

  • 24a · Other expenses: FOOD PROGRAM

    total $239,337 · program services $239,337

  • 24b · Other expenses: READING ROCKS EXPENSES

    total $24,048 · program services $24,048

  • 24c · Other expenses: PARTNERS IN EDUCATION E

    total $6,603 · program services $6,603

  • 24d · Other expenses: DUES

    total $605 · program services $605

  • 24e · All other expenses

    total $437 · management and general $437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $242,048 · end of year $240,086

  • 2 · Savings and temporary cash investments

    beginning of year $387,388 · end of year $802,405

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

    $34,699

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

    $2,892

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $31,807

  • 15 · Other assets

    beginning of year $4,418,222 · end of year $5,839,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,573 · end of year $7,039

  • 27 · Net assets without donor restrictions

    beginning of year $844,100 · end of year $992,483

  • 28 · Net assets with donor restrictions

    beginning of year $4,196,985 · end of year $5,914,459

Mission and programs · 2023

Mission

THE EDUCATION FOUNDATION FOR BILLINGS PUBLIC SCHOOLS PROVIDES SUPPORT TO EDUCATORS AND STUDENTS THROUGH PHILANTHROPY, CONNECTION, AND COLLABORATION. WE STRIVE TO GIVE ALL STUDENTS THE TOOLS THEY NEED TO REACH THEIR GREATEST POTENTIAL AND TO DEVELOP INTO ENGAGED AND PRODUCTIVE CITIZENS.

  • EXPENSES INCURRED THROUGH THE PROMOTION OF EXCELLENCE IN EDUCATION BY PROVIDING OPPORTUNITIES AND RESOURCES TO BILLINGS PUBLIC SCHOOLS STUDENTS AND EDUCATORS.

    Expenses $558,602 · Grants $558,602

  • THE FOUNDATION PROVIDES GRANTS TO BILLINGS PUBLIC SCHOOLS AND STUDENT ORGANIZATIONS USING PROCEEDS FROM FUNDRAISING EFFORTS TO DEVELOP AND ENHANCE OPPORTUNITY FOR LEARNING AND GROWTH.

    Expenses $138,726 · Grants $138,726

  • THE FOUNDATION OPERATIONS FOOD INSECURITY PROGRAMS INCLUDE BACKPACK MEALS AND FOOD PANTRIES FOR THE BENEFIT OF LOW-INCOME CHILDREN IN BILLINGS PUBLIC SCHOOLS TO ENSURE STUDENTS HAVE FOOD ON WEEKENDS AND SCHOOL BREAKS. BY WORKING CLOSELY WITH OTHER ORGANIZATIONS IN THE CITY, THE FOOD INSECURITY PROGRAMS HAVE BECOME A PART OF A COORDINATED EFFORT TO END HUNGER AND POVERTY IN BILLINGS.

    Expenses $239,337

  • THE FOUNDATION OFFERS CLASSROOM GRANTS TO EDUCATORS IN BILLINGS PUBLIC SCHOOLS TO ENCOURAGE INNOVATION AND EXCELLENCE IN THE SCHOOLS. APPLICANTS MUST DEMONSTRATE EFFECTIVE INSTRUCTION METHODS THAT INSPIRE STUDENTS TO LEARN. THE PROGRAM GENERALLY PROVIDES SEED MONEY FOR MATERIAL COSTS AND CURRICULUM DEVELOPMENT ENABLING PROJECTS TO CONTINUE LONG PAST THE INITIAL FUNDING.THE FOUNDATION OFFERS DONOR ENDOWMENT DISTRIBUTIONS TO EDUCATORS AND STUDENTS IN BILLINGS PUBLIC SCHOOLS IN THE FORM OF SCHOLARSHIPS AND GRANTS CONSISTENT WITH DONOR RESTRICTIONS AND THE FOUNDATION'S MISSION ON A CONSISTENT BASIS IN AMOUNTS ESTABLISHED BY DONOR INTENT.THE FOUNDATION OFFERS A SUMMER READING PROGRAM "READING ROCKS" FROM MID-JUNE UNTIL THE END OF JULY. READING ROCKS RUNS IN CONJUNCTION WITH THE FREE/REDUCED FEE LUNCH IN THE PARKS PROGRAM, ENCOURAGING BILLINGS KIDS TO CONTINUE READING IN THE SUMMER. MANY CHILDREN WHO DON'T READ IN THE SUMMER LOSE MONTHS IN THEIR READING LEVELS AND FALL BEHIND IN SCHOOL. SUMMER READING IS VITAL FOR A CHILD'S EDUCATION.SATURDAY LIVE IS A DAY-LONG, ALL SCHOOL DISTRICT, OUTDOOR CARNIVAL BENEFITING BILLINGS PUBLIC SCHOOLS. THIS FAMILY ORIENTED EVENT BRINGS HUNDREDS OF VOLUNTEERS,PARENTS, EDUCATORS, AND BUSINESS LEADERS TOGETHER FOR ONE OF THE LARGEST SCHOOL CARNIVALS IN THE COUNTRY. SCHOOL GROUPS USE THEIR PROCEEDS FOR THE FOLLOWING:TECHNOLOGY, BOOK PURCHASES, FIELD TRIPS, TRAVEL EXPENSES FOR CLUBS, UNIFORMS, SCHOOL MATERIALS, AND SPECIAL ASSEMBLIES.SUPPORT AND DEVELOPMENT OF TEEN PANTRY WITHIN THE SCHOOLS TO CURB AND MITIGATE THE OCCURANCE OF FOOD INSECURITY FOR STUDENTS.SCHOOL DISTRICT HOMELESS TEEN FUNDING TO CURB AND MITIGATE THE OCCURANCE OF STUDENTS INCURRING HOME INSECURITY.

    Expenses $186,804

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHANNON CHRISTENSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • GREG BENJAMIN

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LINDA MARRS-MORFORD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • APRIL KEIPPEL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KORRINE RICE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SHANE RICHARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIE ASHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PETE BOLENBAUGH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LORNEL BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS DORR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KELLY EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEANNE MANSKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROSS MCLINDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AJ MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CORY MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SOMMER REINHARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KIM THEIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTIN WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KELLY MCCANDLESS

    EXECUTIVE DIRECTOR

    Total calculated
    $63,654
    From this org
    $63,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    29.23

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

  • BILLINGS PUBLIC SCHOOLS

    $208,497

    DONOR RESTRICTED GRANTS

  • BILLINGS PUBLIC SCHOOLS

    $123,020

    CLASSROOM GRANTS

  • BILLINGS PUBLIC SCHOOLS

    $105,980

    ENDOWMENT FUNDS GRANTS

  • VARIOUS BILLINGS SCHOOLS AND CLUBS

    $57,190

    SUV RAFFLE FUNDS

  • BILLINGS PUBLIC SCHOOLS

    $37,296

    SATURDAY LIVE FUNDS

  • BILLINGS PUBLIC SCHOOLS

    $37,030

    ONE CLASS AT A TIME GRANTS

  • LAUREL HIGH SCHOOL

    $32,746

    ENDOWMENT FUNDS GRANTS

  • BILLINGS PUBLIC SCHOOLS

    $17,646

    HOMELESS AND KIDS IN MOTION GRANTS

  • NEWMAN ELEMENTARY

    $7,310

    NEWMAN TUTORING

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SCHOOL DISTRICT #2

    GOVERNMENT · SCHOOL DISTRICT · MT

  • LAUREL SCHOOL DISTRICT

    GOVERNMENT · SCHOOL DISTRICT · MT

Provenance

Return type
form_990
Tax year
2023
Filed
6 February 2025
IRS schema version
2023v6.0
Source object
202530419349300233

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