Billings Public Library Foundation Inc
- Assets
- $3.9m
- Revenue
- $384.7k
- Investments
- $3.7m
- Employees
- 2
- Location
- Billings, MT
- Founding
- 11/1988
- Data as of
- 06/2023
- EIN
- 81-0451892
Organization Overview
Billings Public Library Foundation Inc is located in Billings, MT. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Billings Public Library Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Public Library 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 06/2023, Billings Public Library Foundation Inc generated $384.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $258.2k during the year ending 06/2023. 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
TO RAISE VITAL FUNDS TO PROVIDE A MARGIN OF EXCELLENCE FOR THE BILLINGS PUBLIC LIBRARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ASSISTED THE LIBRARY WITH THE COSTS TO ENHANCE THE FACILITY AND LABS TO EDUCATE THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Brown Director | Trustee | 2.5 | $0 |
Eileen Mcdonald Director | Trustee | 2.5 | $0 |
Abby Hanser Director | Trustee | 2.5 | $0 |
Mona Heupel Director | Trustee | 2.5 | $0 |
Mark Sanderson Director | Trustee | 2.5 | $0 |
Peggy Mcsweyn Director | Trustee | 2.5 | $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 | $367,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,041 |
| Total Program Service Revenue | $0 |
| Investment income | $111,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$126,692 |
| Net Income from Fundraising Events | $32,643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,246 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,840 |
| Payroll taxes | $9,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,093 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,111 |
| Office expenses | $8,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,535 |
| All other expenses | $0 |
| Total functional expenses | $258,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,205 |
| Savings and temporary cash investments | $53,428 |
| Pledges and grants receivable | $2,077 |
| 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 | $4,783 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,698,179 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $3,914,673 |
| Accounts payable and accrued expenses | $12,376 |
| 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 | $29,593 |
| Total liabilities | $41,969 |
| Net assets without donor restrictions | $2,041,757 |
| Net assets with donor restrictions | $1,830,947 |
| 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 | $3,914,673 |