Education Foundation For Billings Public Schools
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Billings, MT
- Founding
- 11/1988
- Data as of
- 06/2023
- 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 06/2023, Education Foundation For Billings Public Schools employed 5 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 06/2023, Education Foundation For Billings Public Schools generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $922.6k during the year ending 06/2023. While expenses have increased by 0.0% per year over the past 8 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.
Since 2015, Education Foundation For Billings Public Schools has awarded 100 individual grants totaling $4,907,358. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION FOUNDATION FOR BILLINGS PUBLIC SCHOOLS PROVIDES SUPPORT TO EDUCATORS AND STUDENTS THROUGH PHILANTHROPY, CONNECTION, AND COLLABORATION. WE STRIVE TO GIVE ALL STUDENTS THE TOOLS THEY NEED TO REACH THEIR GREATEST POTENTIAL AND TO DEVELOP INTO ENGAGED AND PRODUCTIVE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED THROUGH THE PROMOTION OF EXCELLENCE IN EDUCATION BY PROVIDING OPPORTUNITIES AND RESOURCES TO BILLINGS PUBLIC SCHOOLS STUDENTS AND EDUCATORS.
THE FOUNDATION OFFERS CLASSROOM GRANTS TO EDUCATORS IN BILLINGS PUBLIC SCHOOLS TO ENCOURAGE INNOVATION AND EXCELLENCE IN THE SCHOOLS. APPLICANTS MUST DEMONSTRATE EFFECTIVE INSTRUCTION METHODS THAT INSPIRE STUDENTS TO LEARN. THE PROGRAM GENERALLY PROVIDES SEED MONEY FOR MATERIAL COSTS AND CURRICULUM DEVELOPMENT ENABLING PROJECTS TO CONTINUE LONG PAST THE INITIAL FUNDING.THE FOUNDATION OFFERS DONOR ENDOWMENT DISTRIBUTIONS TO EDUCATORS AND STUDENTS IN BILLINGS PUBLIC SCHOOLS IN THE FORM OF SCHOLARSHIPS AND GRANTS CONSISTENT WITH DONOR RESTRICTIONS AND THE FOUNDATION'S MISSION ON A CONSISTENT BASIS IN AMOUNTS ESTABLISHED BY DONOR INTENT.THE FOUNDATION OFFERS A SUMMER READING PROGRAM "READING ROCKS" FROM MID-JUNE UNTIL THE END OF JULY. READING ROCKS RUNS IN CONJUNCTION WITH THE FREE/REDUCED FEE LUNCH IN THE PARKS PROGRAM, ENCOURAGING BILLINGS KIDS TO CONTINUE READING IN THE SUMMER. MANY CHILDREN WHO DON'T READ IN THE SUMMER LOSE MONTHS IN THEIR READING LEVELS AND FALL BEHIND IN SCHOOL. SUMMER READING IS VITAL FOR A CHILD'S EDUCATION.SATURDAY LIVE IS A DAY-LONG, ALL SCHOOL DISTRICT, OUTDOOR CARNIVAL BENEFITING BILLINGS PUBLIC SCHOOLS. THIS FAMILY ORIENTED EVENT BRINGS HUNDREDS OF VOLUNTEERS,PARENTS, EDUCATORS, AND BUSINESS LEADERS TOGETHER FOR ONE OF THE LARGEST SCHOOL CARNIVALS IN THE COUNTRY. SCHOOL GROUPS USE THEIR PROCEEDS FOR THE FOLLOWING:TECHNOLOGY, BOOK PURCHASES, FIELD TRIPS, TRAVEL EXPENSES FOR CLUBS, UNIFORMS, SCHOOL MATERIALS, AND SPECIAL ASSEMBLIES.SUPPORT AND DEVELOPMENT OF TEEN PANTRY WITHIN THE SCHOOLS TO CURB AND MITIGATE THE OCCURANCE OF FOOD INSECURITY FOR STUDENTS.SCHOOL DISTRICT HOMELESS TEEN FUNDING TO CURB AND MITIGATE THE OCCURANCE OF STUDENTS INCURRING HOME INSECURITY.
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 FOUNDATION OPERATIONS FOOD INSECURITY PROGRAMS INCLUDE BACKPACK MEALS AND FOOD PANTRIES FOR THE BENEFIT OF LOW-INCOME CHILDREN IN BILLINGS PUBLIC SCHOOLS TO ENSURE STUDENTS HAVE FOOD ON WEEKENDS AND SCHOOL BREAKS. BY WORKING CLOSELY WITH OTHER ORGANIZATIONS IN THE CITY, THE FOOD INSECURITY PROGRAMS HAVE BECOME A PART OF A COORDINATED EFFORT TO END HUNGER AND POVERTY 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 |
Shane Richards Treasurer | OfficerTrustee | 2 | $0 |
Angie Gray Secretary | OfficerTrustee | 2 | $0 |
Karen Albrecht Director | Trustee | 2 | $0 |
Julie Asher 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 | $781,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,880 |
| Total Program Service Revenue | $0 |
| Investment income | $111,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,981 |
| Net Income from Fundraising Events | $179,283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $535,978 |
| Grants and other assistance to domestic individuals. | $22,166 |
| 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 | $144,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,542 |
| Payroll taxes | $12,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,402 |
| Office expenses | $6,897 |
| Information technology | $5,431 |
| 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 | $2,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,306 |
| All other expenses | $628 |
| Total functional expenses | $922,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,048 |
| Savings and temporary cash investments | $387,388 |
| 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 | $4,418,222 |
| Total assets | $5,047,658 |
| Accounts payable and accrued expenses | $6,573 |
| 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 | $6,573 |
| Net assets without donor restrictions | $844,100 |
| Net assets with donor restrictions | $4,196,985 |
| 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 | $5,047,658 |
Grants Awarded
Over the last fiscal year, Education Foundation For Billings Public Schools has awarded $535,978 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BILLINGS PUBLIC SCHOOLS PURPOSE: CLASSROOM GRANTS | $104,473 |
BILLINGS PUBLIC SCHOOLS PURPOSE: DONOR RESTRICTED GRANTS | $138,710 |
NEWMAN ELEMENTARY PURPOSE: NEWMAN TUTORING | $9,206 |
BILLINGS PUBLIC SCHOOLS PURPOSE: HOMELESS AND KIDS IN MOTION GRANTS | $6,775 |
VARIOUS BILLINGS SCHOOLS AND CLUBS PURPOSE: SUV RAFFLE FUNDS | $48,570 |
BILLINGS PUBLIC SCHOOLS PURPOSE: ONE CLASS AT A TIME GRANTS | $35,012 |