Livingston Depot Foundation Inc is located in Livingston, MT. The organization was established in 1985. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Livingston Depot Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livingston Depot Foundation 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 12/2023, Livingston Depot Foundation Inc generated $360.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $325.1k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MUSEUM APPROXIMATELY 7,000 VISITORS COME TO THE MUSEUM EACH YEAR, A COMBINATION OF LOCAL RESIDENTS AND TOURISTS ON THEIR WAY TO OR FROM YELLOWSTONE NATIONAL PARK, LOCATED ABOUT 50 MILES SOUTH OF THE TOWN OF LIVINGSTON. MUSEUM ADMISSION FEES ARE SOLD AT THE DOOR AND BY ANNUAL MEMBERSHIP FEES. ADMISSION REVENUE FROM 2023 WAS 12,725, AND GIFT SHOP SALES WERE 6,575. THE MUSEUM HOSTS TRAVELING ART AND HISTORY EXHIBITS, AS WELL AS PERMANENT EXHIBITS. THE DEPOT FESTIVAL OF THE ARTS SHOWCASES ARTISTS AND CRAFTSPEOPLE FROM ACROSS THE COUNTRY TO OVER 10,000 VISITORS AND IS HELD IN CONJUNCTION WITH THE ANNUAL ROUNDUP RODEO (THE BIGGEST EVENT OF THE YEAR IN TOWN). STUDENTS FROM SCHOOLS, HOMESCHOOLING GROUPS, AND SUMMER CAMPS EXPLORE THE EXHIBITS THROUGH GUIDED TOURS AND ACTIVITIES. MUSEUM CURRICULUM USES PRIMARY SOURCES TO RELATE TO BOTH THE PERMANENT AND SEASONAL EXHIBITS. ONE UNIT LETS STUDENTS EXAMINE HOW THIS REGION'S AGRICULTURAL ECONOMY IS CONNECTED THROUGH THE RAILROAD TO GLOBAL MARKETPLACES.
BUILDING PRESERVATION/COMMUNITY EVENT CENTER THE ORGANIZATION RAISES FUNDS TO PRESERVE THIS HISTORIC AND ICONIC FORMER RAILROAD DEPOT THROUGH RENTALS OF AUXILIARY BUILDINGS, FUNDRAISING EVENTS, AND PROVIDING A VENUE FOR COMMUNITY CELEBRATIONS AND EVENTS. THE ORGANIZATION WAS FORMED IN 1985 TO RESTORE AND MAINTAIN THE BUILDING IN PERPETUITY. THE BUIDLING WAS DESIGNED BY REED & STEM, THE ORIGINAL ARCHITECTS FOR NEW YORK'S GRAND CENTRAL STATION. SEVERAL LARGE-SCALE INFRASTRUCTURE PROJECTS HAVE BEEN UNDERTAKEN THROUGH THE YEARS IN ORDER TO PRESERVE THE ICONIC BUILDING AS THE ANCHOR OF THE HISTORIC DOWNTOWN DISTRICT. BEGINNING IN 2018, AN HVAC SYSTEM UPGRADE HAS BEEN PROVIDING MORE ENERGY EFFICIENCY. THE FOUDATION COMPLETED AN UPGRADE OF SINGLE PANE WINDOWS TO INCREASE EFFICIENCY IN ACCORDANCE WITH BEST PRACTICES IN HISTORIC PRESERVATION. 172,076 OF THIS 200,000 PROJECT WAS COMPLETED IN 2022 WITH AN ANITICIPATED COMPLETION IN EARLY 2023. IN DECEMBER OF 2022, THE FOUNDATION OBTAINED 151,600 IN FEDERAL FUNDING THROUGH THE AMERICAN RESCUE PLAN ACT AND THE CITY OF LIVINGSTON TO ADDRESS WATER AND SEWER INFRASTRUCTURE NEEDS, INCLUDING RESTOROOM ACCESSIBILITY THROUGHOUT THE HISTORIC PROPERTY. ADDITIONAL FUNDRAISING AND DESIGN WORK COMMENCED IN 2023 TO IMPROVE HEALTH, SAFETY, AND ACCESSIBILITY FOR THE COMMUNITY WHILE CONTINUING TO PRESERVE THE DEPOT FOR THE FUTURE. THE BUILDING HAS SERVED AS A WELCOME CENTER FOR VISITORS TO YELLOWSTONE PARK FOR OVER A CENTURY. SUMMER TRAVELERS USE ITS CENTRAL LOCATION TO LAUNCH THEIR VISITS TO THE PARK AND SHOP IN DOWNTOWN LIVINGSTON. MANY NONPROFITS USE THE BUILDING TO GATHER OR RAISE FUNDS, INCLUDING BIG BROTHERS/BIG SISTERS OF PARK COUNTY, LIVINGSTON HOSPICE CARE, THE PARK HIGH SCHOOL JAZZ PROGRAM, LOAVES AND FISHES, MONTESSORI ISLAND SCHOOL, LIVINGSTON HEALTHCARE, AND MONTANA CONSERVATION VOTERS. THE BUILDING ALSO OFFERS A LOCAL AND LOW-COST OPTION FOR PROFESSIONAL CONFERENCES, INCLUDING THE PARK COUNTY SPECIAL EDUCATION COOPERATIVE, MONTANA PROFESSIONAL PHOTOGRAPHERS ASSOCIATION, AND COMMUNITY HEALTH PARTNERS. ANNUAL EVENTS INCLUDE LIGHT UP LIVINGSTON-THE LIGHTING CEREMONY FOR OVER 10,000 IN DEPOT PARK, AND THE LIGHTING OF THE MEMORIAL TREE EACH YEAR IN CONJUNCTION WITH THE HOSPICE PROGRAM. THE DEPOT PARK IS ALSO A KEY LINK TO A BIKE PATH THAT CONNECTS BICYCLISTS FROM THE NORTH SIDE OF TOWN TO A PATH THAT STRETCHES MILES DOWN PARADISE VALLEY TOWARDS THE PARK. IT SERVES AS THE FIRST STOP OF MANY BICYCLE TOUR GROUPS, FURTHER INCREASING TRAFFIC AND COMMERCE TO DOWNTOWN BUSINESSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura Mccarthy-Cota Executive Di | Trustee | 40 | $58,637 |
Sam Anderson Board Treasu | Trustee | 2 | $0 |
Scott Anderson Director | Trustee | 2 | $0 |
Lori Brenner Director | Trustee | 2 | $0 |
Vanessa Brittan Director | Trustee | 2 | $0 |
Duane Colmey Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $10,050 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $122,941 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $132,991 |
Total Program Service Revenue | $174,774 |
Investment income | $7,033 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $45,475 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $360,273 |
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. | $58,637 |
Compensation of current officers, directors, key employees. | $5,863 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $77,106 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,658 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,241 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $26,685 |
Office expenses | $8,242 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $76,657 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $39,491 |
Insurance | $1,148 |
All other expenses | $24,281 |
Total functional expenses | $325,146 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $233,173 |
Savings and temporary cash investments | $366,901 |
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 | $4,934 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $644,661 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,249,669 |
Accounts payable and accrued expenses | $17,911 |
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 | $0 |
Total liabilities | $17,911 |
Net assets without donor restrictions | $1,231,758 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,249,669 |