Billings Community Foundation
- Assets
- $8.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Billings, MT
- Founding
- 01/2007
- Data as of
- 09/2021
- EIN
- 20-4286919
Organization Overview
Billings Community Foundation is located in Billings, MT. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Billings Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Billings Community Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $1.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Billings Community Foundation has awarded 85 individual grants totaling $1,586,029. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKINGTHE 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.
YELLOWSTONE VALLEY GIVESHELPING RAISE OVER $320,000 THROUGH 680 DONORS FOR 63 LOCAL NONPROFITS IN YELLOWSTONE VALLEY THROUGH AN ANNUAL 24-HOUR DAY OF GIVING CALLED YELLOWSTONE VALLEY GIVES IN MAY 2021. LEADING UP TO THIS INITIATIVE, THE BILLINGS COMMUNITY FOUNDATION HOSTS FREE EDUCATIONAL SESSIONS FOR NONPROFIT LEADERS AND BOARD MEMBERS ON FUNDRAISING, MARKETING, AND DONOR ENGAGEMENT BEST PRACTICES.
EMERGENCY RESPONSESTEWARDING GIVING IN TIMES OF CRISIS THROUGH FUNDS THAT ARE HOSTED IN PARTNERSHIP WITH THE UNITED WAY OF YELLOWSTONE COUNTY, SUCH AS: BILLINGS COVID-19 RESPONSE FUND TO SUPPORT EMERGENCY FINANCIAL ASSISTANCE, MENTAL AND BEHAVIORAL HEALTH, CHILDCARE GRANTS, AND EMERGING GRANT NEEDS.
COMMUNITY LEADERSHIPINCUBATING COMMUNITY PROJECTS AND INITIATIVES THROUGH FISCAL SPONSORSHIP FOR THE BENEFIT OF THE YELLOWSTONE REGION; RECEIVE AND ADMINISTER CHARITABLE CONTRIBUTIONS DESIGNATED FOR OTHER ORGANIZATIONS THAT PROVIDE EDUCATION, COMMUNITY DEVELOPMENT, AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Wright Executive Director | Officer | 40 | $55,000 |
Lori Byron Secretary | OfficerTrustee | 2 | $0 |
Jack Nickels Director | OfficerTrustee | 2 | $0 |
Joy Culver Treasurer | OfficerTrustee | 15 | $0 |
Bernard Rose Past President | OfficerTrustee | 15 | $0 |
Carolyn Sevier Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,554,436 |
| Noncash contributions included in lines 1a–1f | $267,211 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,566,276 |
| Total Program Service Revenue | $6,687 |
| Investment income | $150,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,287 |
| Net Income from Fundraising Events | -$6,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,894,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $748,744 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,083 |
| Compensation of current officers, directors, key employees. | $9,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $572 |
| Fees for services: Accounting | $9,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,249 |
| Fees for services: Other | $2,118 |
| Advertising and promotion | $22,809 |
| Office expenses | $6,775 |
| Information technology | $8,324 |
| Royalties | $0 |
| Occupancy | $14,911 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,896 |
| Interest | $26,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,839 |
| Insurance | $8,897 |
| All other expenses | $0 |
| Total functional expenses | $1,047,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,178 |
| Savings and temporary cash investments | $25,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $821,737 |
| Investments—publicly traded securities | $6,865,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,425 |
| Other assets | $0 |
| Total assets | $8,014,677 |
| Accounts payable and accrued expenses | $17,849 |
| Grants payable | $3,117 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $326,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $325,625 |
| Total liabilities | $672,980 |
| Net assets without donor restrictions | $225,337 |
| Net assets with donor restrictions | $7,116,360 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,014,677 |
Grants Awarded
Over the last fiscal year, Billings Community Foundation has awarded $288,627 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Lewistown, MT PURPOSE: PHILANTHROPIC PURPOSE | $78,668 |
WYOLA SCHOOL DISTRCIT #29 PURPOSE: PHILANTHROPIC PURPOSE | $50,000 |
Columbus, MT PURPOSE: PHILANTHROPIC PURPOSE | $25,000 |
Wyola, MT PURPOSE: PHILANTHROPIC PURPOSE | $18,609 |
Helena, MT PURPOSE: PHILANTHROPIC PURPOSE | $10,229 |
CENTRE STAGE COMMUNITY THEATER PURPOSE: PHILANTHROPIC PURPOSE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Billings Community Foundation has recieved totaling $143,899.
| Awarding Organization | Amount |
|---|---|
Harry L Willett Foundation Littleton, CO PURPOSE: WYOLA PROJECTS | $60,000 |
Harry L Willett Foundation Littleton, CO PURPOSE: WYOLA SCHOOL PROJECT | $35,000 |
Montana Community Foundation Inc Helena, MT PURPOSE: 2021 ANNUAL DISTRIBUTION | $25,899 |
Harry L Willett Foundation Littleton, CO PURPOSE: KITE ACTIVITIES | $12,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Donald & Carol Roberts Foundation In Memory Of Virginia K Weston Inc Billings, MT PURPOSE: GENERAL OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $5,713,975 |
| Earnings | $696,681 |
| Admin Expense | $37,441 |
| Net Contributions | $459,317 |
| Grants | $370,651 |
| Ending Balance | $6,461,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fargo-Moorhead Area Foundation Corporation Fargo, ND | $123,601,833 | $30,025,035 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
Idaho Community Foundation Inc Boise, ID | $229,667,754 | $28,111,141 |
Whitefish Community Foundation Inc Whitefish, MT | $55,891,446 | $19,214,103 |
Yellowstone Club Community Foundaction Bozeman, MT | $7,118,258 | $8,242,753 |
Montana Community Foundation Inc Helena, MT | $124,041,175 | $24,837,343 |
North Dakota Community Foundation Bismarck, ND | $128,952,115 | $14,760,573 |
Black Hills Area Community Foundation Rapid City, SD | $46,752,001 | $12,495,187 |
Oahe Foundation Pierre, SD | $25,933,233 | $2,879,958 |
Central Montana Foundation Lewistown, MT | $44,762,262 | $14,999,910 |
One Valley Community Foundation Bozeman, MT | $54,568,108 | $2,058,571 |
Park County Community Foundation Livingston, MT | $5,421,667 | $2,665,834 |