Billings Public Library Foundation Inc
- Assets
- $3.6m
- Revenue
- $448.3k
- Investments
- $3.3m
- Employees
- 3
- Location
- Billings, MT
- Founding
- 11/1988
- Data as of
- 06/2022
- 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 06/2022, Billings Public Library Foundation Inc employed 3 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 06/2022, Billings Public Library Foundation Inc generated $448.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $355.3k during the year ending 06/2022. While expenses have increased by 6.9% 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
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 |
|---|---|---|---|
Danell Jones President | OfficerTrustee | 2 | $0 |
Dave Rigg Treasurer | OfficerTrustee | 2 | $0 |
Julia Leslie Vice President | OfficerTrustee | 2 | $0 |
Sara Becker Secretary | OfficerTrustee | 2 | $0 |
Mark Sanderson Director | Trustee | 2 | $0 |
Sarah Brown Director | Trustee | 2 | $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 | $293,636 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,636 |
| Total Program Service Revenue | $0 |
| Investment income | $92,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,631 |
| Net Income from Fundraising Events | $41,451 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,788 |
| 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 | $107,732 |
| Pension plan accruals and contributions | $3,246 |
| Other employee benefits | $7,117 |
| Payroll taxes | $16,386 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,024 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,884 |
| Office expenses | $9,008 |
| 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 | $3,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,477 |
| All other expenses | $0 |
| Total functional expenses | $355,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,581 |
| Savings and temporary cash investments | $96,788 |
| Pledges and grants receivable | $8,124 |
| 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 | $7,364 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,322,305 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $3,567,163 |
| Accounts payable and accrued expenses | $21,299 |
| 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 | $29,547 |
| Total liabilities | $50,846 |
| Net assets without donor restrictions | $1,661,222 |
| Net assets with donor restrictions | $1,855,095 |
| 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 | $3,567,163 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Billings Public Library Foundation Inc has recieved totaling $2,221.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $2,221 |
Endowment Analysis
| Beg. Balance | $1,053,850 |
| Earnings | $34,378 |
| Admin Expense | $2,953 |
| Net Contributions | $55,388 |
| Grants | $40,236 |
| Ending Balance | $1,100,427 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
Boise State University Foundation Inc Boise, ID | $181,429,408 | $23,699,772 |
University Of Montana Foundation Missoula, MT | $300,141,439 | $43,572,466 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
University Of Idaho Foundation Inc Moscow, ID | $461,396,601 | $57,102,014 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Montana State University Foundation Bozeman, MT | $271,741,291 | $31,692,855 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |