Education Foundation For Billings Public Schools
- Assets
- $5.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Billings, MT
- Founding
- 11/1988
- Data as of
- 06/2021
- EIN
- 81-0452904
Organization Overview
Education Foundation For Billings Public Schools is located in Billings, MT. The organization was established in 1988. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Education Foundation For Billings Public Schools employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation For Billings Public Schools 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 06/2021, Education Foundation For Billings Public Schools generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $798.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Education Foundation For Billings Public Schools has awarded 90 individual grants totaling $4,381,666. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EXCELLENCE IN EDUCATION BY PROVIDING OPPORTUNITIES AND RESOURCES OUTSIDE OF THE SCOPE OF DISTRICT BUDGETING TO BILLINGS PUBLIC SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OFFERS DONOR ENDOWMENT DISTRIBUTIONS TO EDUCATORS AND INCURS OTHER EXPENSES IN BILLINGS PUBLIC SCHOOLS AND EDUCATIONAL INSTUTIONS IN SURROUNDING AREAS CONSISTENT WITH DONOR RESTRICTED PURPOSES AND THE FOUNDATIONS'S MISSION ON A PERIODIC BASIS IN AMOUNTS ESTABLISHED BY DONOR INTENT.
THE FOUNDATION PROVIDES GRANTS TO BILLINGS PUBLIC SCHOOLS AND STUDENT ORGANIZATIONS USING PROCEEDS FROM FUNDRAISING EFFORTS TO DEVELOP AND ENHANCE OPPORTUNITY FOR LEARNING AND GROWTH.
THE BACKPACK MEALS PROGRAM ENSURES THAT LOW-INCOME CHILDREN IN BILLINGS HAVE FOOD ON WEEKENDS AND SCHOOL HOLIDAYS. BY WORKING CLOSELY WITH OTHER ORGANIZATIONS IN THE CITY, THE PROGRAM HAS BECOME PART OF A COORDINATED EFFORT TO END HUNGER/POVERY IN BILLINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Benjamin President | OfficerTrustee | 2 | $0 |
Shannon Christensen Vice President | OfficerTrustee | 2 | $0 |
Angie Gray Secretary | OfficerTrustee | 2 | $0 |
Shane Richards Treasurer | OfficerTrustee | 2 | $0 |
Julie Sullivan Director | Trustee | 2 | $0 |
Tierani Brusett 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 | $599,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,301 |
| Total Program Service Revenue | $0 |
| Investment income | $121,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $341,281 |
| Net Income from Fundraising Events | $144,577 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $474,784 |
| Grants and other assistance to domestic individuals. | $47,365 |
| 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 | $119,203 |
| Pension plan accruals and contributions | $1,571 |
| Other employee benefits | $1,062 |
| Payroll taxes | $18,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,950 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,519 |
| Office expenses | $2,573 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,108 |
| All other expenses | $18,693 |
| Total functional expenses | $798,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,556 |
| Savings and temporary cash investments | $219,227 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,829,157 |
| Total assets | $5,339,940 |
| Accounts payable and accrued expenses | $4,617 |
| 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 | $1 |
| Total liabilities | $4,618 |
| Net assets without donor restrictions | $1,201,709 |
| Net assets with donor restrictions | $4,133,613 |
| 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 | $5,339,940 |
Grants Awarded
Over the last fiscal year, Education Foundation For Billings Public Schools has awarded $472,460 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREL HIGH SCHOOL PURPOSE: SCHOOL GRANT | $97,994 |
BILLINGS PUBLIC SCHOOLS PURPOSE: DONOR RESTRICTED GRANTS | $94,597 |
BILLINGS PUBLIC SCHOOLS PURPOSE: CLASSROOM GRANTS | $84,367 |
BILLINGS PUBLIC SCHOOLS PURPOSE: SUV RAFFLE | $47,697 |
BILLINGS WEST HIGH SCHOOL PURPOSE: SCHOOL GRANT | $44,463 |
SKYVIEW HIGH SCHOOL PURPOSE: SCHOOL GRANT | $25,242 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Foundation For Billings Public Schools has recieved totaling $11,400.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $11,400 |
Endowment Analysis
| Beg. Balance | $3,851,876 |
| Earnings | $1,107,547 |
| Admin Expense | $42,950 |
| Net Contributions | $106,013 |
| Grants | $193,330 |
| Ending Balance | $4,829,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
Billings Clinic Foundation Billings, MT | $116,767,576 | $17,438,060 |
United Way Of Cass-Clay Fargo, ND | $8,673,446 | $5,532,076 |
United Way Of Treasure Valley Inc Boise, ID | $5,526,975 | $4,448,551 |
United Way Of Yellowstone County Inc Billings, MT | $4,317,705 | $2,826,216 |
Missouri Slope Areawide United Way Inc Bismarck, ND | $6,237,459 | $3,064,301 |
Liberty Place Inc Whitehall, MT | $3,909,153 | $2,658,015 |
Greater Gallatin United Way Inc Bozeman, MT | $1,831,575 | $2,742,658 |
United Way Of Cascade County Great Falls, MT | $971,506 | $1,344,943 |
United Way Of Southeastern Idaho Inc Pocatello, ID | $1,342,199 | $1,746,511 |
United Way Of Missoula County Missoula, MT | $2,822,821 | $1,518,780 |
United Way Of North Idaho Inc Coeur D Alene, ID | $943,022 | $1,610,986 |