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Nonprofiteer
← EDUCATION FOUNDATION FOR BILLINGS PUBLIC SCHOOLS

Form 990 for tax year 2022

Filed by EDUCATION FOUNDATION FOR BILLINGS PUBLIC SCHOOLS.

Totals

Total revenue
$1,114,753
Total expenses
$922,613
Contributions and grants received
$781,880
Grants paid
$558,144
Program service revenue
$0
Investment income
$153,590
Other revenue
$179,283
Total assets, end of year
$5,047,658
Total liabilities, end of year
$6,573
Net assets or fund balances, end of year
$5,041,085
Program services expenses (Part IX)
$786,141
Management and general expenses
$81,916
Fundraising expenses
$54,556
Program service expenses (Part III)
$786,141

Program services were 85.2% 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

    $781,880

  • 3 · Investment income

    total $111,609 · related or exempt $111,609

  • 7a · Gross sales of assets other than inventory

    securities $41,981

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

    securities $0

  • 7c · Gain or loss

    securities $41,981

  • 7d · Net gain or loss

    total $41,981 · related or exempt $41,981

  • 8a · Fundraising events: gross income

    $198,158

  • 8b · Fundraising events: direct expenses

    $18,875

  • 8c · Net income from fundraising events

    total $179,283 · excluded $179,283

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $535,978 · program services $535,978

  • 2 · Grants to domestic individuals

    total $22,166 · program services $22,166

  • 7 · Other salaries and wages

    total $144,469 · program services $80,358 · management and general $30,578 · fundraising $33,533

  • 9 · Other employee benefits

    total $3,542 · program services $1,970 · management and general $750 · fundraising $822

  • 10 · Payroll taxes

    total $12,008 · program services $6,679 · management and general $2,542 · fundraising $2,787

  • 11c · Fees: accounting

    total $7,895 · management and general $7,895

  • 11f · Fees: investment management

    total $30,417 · management and general $30,417

  • 12 · Advertising and promotion

    total $12,402 · fundraising $12,402

  • 13 · Office expenses

    total $6,897 · program services $2,304 · management and general $2,297 · fundraising $2,296

  • 14 · Information technology

    total $5,431 · management and general $2,715 · fundraising $2,716

  • 19 · Conferences, conventions and meetings

    total $2,776 · program services $1,388 · management and general $1,388

  • 23 · Insurance

    total $5,306 · program services $2,653 · management and general $2,653

  • 24a · Other expenses: FOOD PROGRAM

    total $108,391 · program services $108,391

  • 24b · Other expenses: READING ROCKS EXPENSES

    total $18,808 · program services $18,808

  • 24c · Other expenses: PARTNERS IN EDUCATION E

    total $5,081 · program services $5,081

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $418 · management and general $418

  • 24e · All other expenses

    total $628 · program services $365 · management and general $263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $309,364 · end of year $242,048

  • 2 · Savings and temporary cash investments

    beginning of year $114,910 · end of year $387,388

  • 15 · Other assets

    beginning of year $4,146,091 · end of year $4,418,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,140 · end of year $6,573

  • 19 · Deferred revenue

    beginning of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $633,069 · end of year $844,100

  • 28 · Net assets with donor restrictions

    beginning of year $3,933,156 · end of year $4,196,985

Mission and programs · 2022

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 $411,400 · Grants $411,400

  • 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 $146,745 · Grants $146,744

  • 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 $108,391

  • 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 $119,605

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Benjamin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Shannon Christensen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Shane Richards

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Angie Gray

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Karen Albrecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Asher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jordan Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pete Bolenbaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joel Chipmen

    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

  • Darrell Ehrlick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • April Keippel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeanne Manske

    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

  • Korrine Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kelly McCandless

    EXECUTIVER DIRECTOR

    Total calculated
    $59,772
    From this org
    $58,031
    From related orgs
    $0
    Other
    $1,741
    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

    $138,710

    DONOR RESTRICTED GRANTS

  • BILLINGS PUBLIC SCHOOLS

    $104,473

    CLASSROOM GRANTS

  • BILLINGS PUBLIC SCHOOLS

    $97,813

    ENDOWMENT FUNDS GRANTS

  • VARIOUS BILLINGS SCHOOLS AND CLUBS

    $48,570

    SUV RAFFLE FUNDS

  • BILLINGS PUBLIC SCHOOLS

    $46,487

    SATURDAY LIVE FUNDS

  • BILLINGS PUBLIC SCHOOLS

    $35,012

    ONE CLASS AT A TIME GRANTS

  • LAUREL HIGH SCHOOL

    $31,905

    ENDOWMENT FUNDS GRANTS

  • BILLINGS WEST HIGH SCHOOL

    $17,027

    ENDOWMENT GRANTS

  • NEWMAN ELEMENTARY

    $9,206

    NEWMAN TUTORING

  • BILLINGS PUBLIC SCHOOLS

    $6,775

    HOMELESS AND KIDS IN MOTION GRANTS

The 10 largest by cash amount. The API serves every itemized grant.

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
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202400549349301020

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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