Downtown Billings Bid Inc
- Assets
- $708.5k
- Revenue
- $906.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Billings, MT
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 20-5506295
Organization Overview
Downtown Billings Bid Inc is located in Billings, MT. The organization was established in 2008. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Downtown Billings Bid Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Billings Bid Inc 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 06/2022, Downtown Billings Bid Inc generated $906.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $706.1k during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BILLINGS IMPROVEMENT DISTRICT BID IS DEDICATED TO IMPROVING THE CLEANLINESS, APPEARANCE, AND PERCEPTION OF SAFETY IN DOWNTON BILLINGS TO FURTHER ENHANCE AND MAKE BILLINGS A VIBRANT DESTINATION FOR VISITORS, RESIDENTS, OWNERS, EMPLOYEES, AND STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BID OPERATES CERTAIN REVITALIZATION, MAINTENANCE, AND HOSPITALITY FUNCTIONS THE CORPORATE ENTITY KNOWN AS THE BILLINGS BUSINESS IMPROVEMENT DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Easton CEO | OfficerTrustee | 12 | $20,135 |
Sean Lynch Chairman | OfficerTrustee | 1 | $0 |
Becky Rogers Director | Trustee | 1 | $0 |
George Moragos Director | Trustee | 1 | $0 |
David Mitchell Director | Trustee | 1 | $0 |
Shawna Bonini Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $108,259 |
| Government grants | $133,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,783 |
| Total Program Service Revenue | $578,706 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $20,135 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,391 |
| Pension plan accruals and contributions | $2,749 |
| Other employee benefits | $32,310 |
| Payroll taxes | $20,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,003 |
| Advertising and promotion | $14,955 |
| Office expenses | $10,033 |
| Information technology | $3,687 |
| Royalties | $0 |
| Occupancy | $63,070 |
| Travel | $1,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,570 |
| Interest | $569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,432 |
| Insurance | $19,700 |
| All other expenses | $174 |
| Total functional expenses | $706,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,706 |
| Savings and temporary cash investments | $186,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,063 |
| 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 | $36,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,674 |
| Total assets | $708,482 |
| Accounts payable and accrued expenses | $25,089 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,799 |
| Total liabilities | $36,888 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $671,594 |
| Total liabilities and net assets/fund balances | $708,482 |