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← BILLINGS COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by BILLINGS COMMUNITY FOUNDATION.

Totals

Total revenue
$2,138,765
Total expenses
$1,027,071
Contributions and grants received
$1,846,432
Grants paid
$732,264
Program service revenue
$21,274
Investment income
$238,486
Other revenue
$32,573
Total assets, end of year
$9,235,183
Total liabilities, end of year
$803,468
Net assets or fund balances, end of year
$8,431,715
Program services expenses (Part IX)
$928,907
Management and general expenses
$96,461
Fundraising expenses
$1,703
Program service expenses (Part III)
$928,907

Program services were 90.4% 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

    $1,846,432

  • 1g · Noncash contributions included above

    $177,075

  • 2a · Program service revenue: REGISTRATION REVENUE

    total $21,274 · related or exempt $21,274

  • 3 · Investment income

    total $202,891 · excluded $202,891

  • 7a · Gross sales of assets other than inventory

    securities $35,595

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

    securities $0

  • 7c · Gain or loss

    securities $35,595

  • 7d · Net gain or loss

    total $35,595 · excluded $35,595

  • 8a · Fundraising events: gross income

    $17,696

  • 8b · Fundraising events: direct expenses

    $633

  • 8c · Net income from fundraising events

    total $17,063 · excluded $17,063

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $15,510 · related or exempt $15,510

  • 11e · Other revenue, total

    $15,510

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $732,264 · program services $732,264

  • 5 · Compensation of officers, directors and key employees

    total $48,706 · program services $40,064 · management and general $8,438 · fundraising $204

  • 7 · Other salaries and wages

    total $8,930 · program services $7,345 · management and general $1,547 · fundraising $38

  • 10 · Payroll taxes

    total $4,208 · program services $3,461 · management and general $729 · fundraising $18

  • 11b · Fees: legal

    total $6,960 · management and general $6,960

  • 11c · Fees: accounting

    total $11,070 · program services $9,152 · management and general $1,918

  • 11f · Fees: investment management

    total $36,494 · program services $36,494

  • 11g · Fees: other

    total $55,481 · program services $11,516 · management and general $42,525 · fundraising $1,440

  • 12 · Advertising and promotion

    total $1,422 · program services $194 · management and general $1,228

  • 13 · Office expenses

    total $4,454 · program services $3,646 · management and general $808

  • 14 · Information technology

    total $14,125 · program services $194 · management and general $13,931

  • 16 · Occupancy

    total $41,143 · program services $33,037 · management and general $8,106

  • 19 · Conferences, conventions and meetings

    total $800 · program services $658 · management and general $139 · fundraising $3

  • 22 · Depreciation, depletion and amortization

    total $51,658 · program services $42,709 · management and general $8,949

  • 23 · Insurance

    total $5,588 · program services $4,620 · management and general $968

  • 24a · Other expenses: IN-KIND EXPENSES

    total $2,850 · program services $2,850

  • 24b · Other expenses: DUES

    total $850 · program services $703 · management and general $147

  • 24c · Other expenses: MISCELLANEOUS

    total $68 · management and general $68

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,040 · end of year $466,578

  • 2 · Savings and temporary cash investments

    beginning of year $23,734 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $6,000

  • 4 · Accounts receivable

    end of year $200,979

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

    $1,084,737

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

    $109,359

  • 10c · Land, buildings and equipment, net

    beginning of year $1,003,220 · end of year $975,378

  • 11 · Investments: publicly traded securities

    beginning of year $6,296,910 · end of year $7,584,515

  • 14 · Intangible assets

    beginning of year $3,319 · end of year $1,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,077 · end of year $201,289

  • 23 · Secured mortgages and notes payable

    beginning of year $311,056 · end of year $292,465

  • 25 · Other liabilities

    beginning of year $300,862 · end of year $309,714

  • 27 · Net assets without donor restrictions

    beginning of year -$173,217 · end of year $1,655,351

  • 28 · Net assets with donor restrictions

    beginning of year $7,004,445 · end of year $6,776,364

Mission and programs · 2022

Mission

TO ENHANCE THE CAPACITY OF DONORS AND CHARITABLE ORGANIZATIONS TO MEET THE NEEDS OF THE GREATER BILLINGS COMMUNITY. WE MANAGE ENDOWMENT FUNDS FOR COMMUNITY 501 (C)(3) ORGANIZATIONS IN THE GREATER BILLINGS, MT AREA. BILLINGS COMMUNITY FOUNDATION HAS OVER 50 FUNDS FOR CHARITIES.

  • GRANTMAKING:THE FOUNDATION ADMINISTERS THE RECEIPT OF CHARITABLE ASSETS THROUGH A VARIETY OF CHARITABLE GIVING TOOLS, SUCH AS DONOR ADVISED FUNDS, PERMANENT ENDOWMENTS, CHARITABLE GIFT ANNUITIES, CHARITABLE REMAINDER TRUSTS, AND CHARITABLE LEAD TRUSTS, FOR THE PURPOSE OF MAKING GRANTS TO VARIOUS NONPROFITS. DISTRIBUTIONS ARE MADE IN COMPLIANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT OF MONTANA.

    Expenses $732,264 · Grants $732,264

  • YELLOWSTONE VALLEY GIVES:HOST 2-DAY COMMUNITY EVENT TO RAISE ONLINE DONATIONS FOR 100 SEPARATE COMMUNITY NONPROFITS IN YELLOWSTONE VALLEY THROUGH AT ANNUAL DAY OF GIVING. INCLUDES PRE-EVENT TRAINING FOR NONPROFIT LEADERS ON FUNDRAISING, MARKETING, AND DONOR ENGAGEMENT BEST PRACTICES.COMMUNITY LEADERSHIP:PROVIDE NETWORKING AND EDUCATION EVENTS FOR LOCAL NON-PROFITS AND DONORS; OFFER EQUIPPED OFFICE AND DESK SPACES FOR TEMPORARY OR MONTHLY RENTAL; PROVIDE CONFERENCE ROOM AND EVENT SPACE FOR COMMUNITY GATHERINGS.

    Expenses $196,643 · Revenue $36,784

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

Listed in Part VII

  • Lori Byron

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Walks Over Ice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joy Culver

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Jack Nickels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lisa Olmsted

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Carolyn Sevier

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Tim Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Schafer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tyson Dye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Wright

    EXECUTIVE DIRECTOR

    Total calculated
    $76,737
    From this org
    $76,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Zachary Terakedis

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    20

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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 404 N 30TH LLC

    OWN AND OPERATE BUILDING HOUSING NONPROFIT ACTIVITIES · MT · income $296,724 · assets $1,100,092

    Directly controlled by BILLINGS COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202412279349300201

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

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