Billings Community Foundation
- Assets
- $9.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Billings, MT
- Founding
- 01/2007
- Data as of
- 09/2023
- 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 09/2023, Billings Community Foundation employed 2 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 09/2023, Billings Community Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $1.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Billings Community Foundation has awarded 76 individual grants totaling $1,203,977. 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
2023
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
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Byron Secretary | OfficerTrustee | 2 | $0 |
Mary Walks Over Ice Director | Trustee | 2 | $0 |
Mike Phillips Director | Trustee | 2 | $0 |
Joy Culver Treasurer | OfficerTrustee | 15 | $0 |
Jack Nickels Director | Trustee | 2 | $0 |
Lisa Olmsted President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,846,432 |
| Noncash contributions included in lines 1a–1f | $177,075 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,846,432 |
| Total Program Service Revenue | $21,274 |
| Investment income | $202,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,595 |
| Net Income from Fundraising Events | $17,063 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,138,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $732,264 |
| 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. | $48,706 |
| Compensation of current officers, directors, key employees. | $8,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,960 |
| Fees for services: Accounting | $11,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,494 |
| Fees for services: Other | $55,481 |
| Advertising and promotion | $1,422 |
| Office expenses | $4,454 |
| Information technology | $14,125 |
| Royalties | $0 |
| Occupancy | $41,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,658 |
| Insurance | $5,588 |
| All other expenses | $0 |
| Total functional expenses | $1,027,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,000 |
| Accounts receivable, net | $200,979 |
| 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 | $975,378 |
| Investments—publicly traded securities | $7,584,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,733 |
| Other assets | $0 |
| Total assets | $9,235,183 |
| Accounts payable and accrued expenses | $201,289 |
| Grants payable | $0 |
| 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 | $292,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $309,714 |
| Total liabilities | $803,468 |
| Net assets without donor restrictions | $1,655,351 |
| Net assets with donor restrictions | $6,776,364 |
| 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 | $9,235,183 |
Grants Awarded
Over the last fiscal year, Billings Community Foundation has awarded $167,810 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BILLINGS CATHOLIC SCHOOLS FOUNDATION PURPOSE: PHILANTHROPIC PURPOSE | $15,963 |
BILLINGS ROTARY FOUNDATION PURPOSE: PHILANTHROPIC PURPOSE | $5,500 |
BOYS & GIRLS CLUBS OF YELLOWSTONE COUNTY PURPOSE: PHILANTHROPIC PURPOSE | $6,000 |
CENTRAL MONTANA COMMUNITY FOUNDATION PURPOSE: PHILANTHROPIC PURPOSE | $13,481 |
CASA OF YELLOWSTONE COUNTY PURPOSE: PHILANTHROPIC PURPOSE | $9,929 |
FAMILY SERVICE PURPOSE: PHILANTHROPIC PURPOSE | $7,000 |