Billings Depot Inc
- Assets
- $2.4m
- Revenue
- $559.3k
- Investments
- $0.0
- Employees
- 18
- Location
- Billings, MT
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 81-0500554
Organization Overview
Billings Depot Inc is located in Billings, MT. The organization was established in 1995. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Billings Depot Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Depot 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 12/2021, Billings Depot Inc generated $559.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $581.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BILLINGS DEPOT WAS FORMED TO ASSIST THE CITY OF BILLINGS IN THE RESTORATION, PRESERVATION, AND RENTAL OF THE HISTORIC TRAIN DEPOT. IN ORDER TO ACHIEVE THIS PURPOSE, BILLINGS DEPOT, INC. ENTERED INTO A CONTRACT WITH THE CITY OF BILLINGS TO REHABILITATE, MAINTAIN COSTS ASSOCIATED WITH RESTORATION, MAINTENANCE, AND RENTAL OF THE HISTORIC DEPOT FACILITY, AND TO PRESERVE AND REVITALIZE THE DEPOT AND MONTANA AVENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION, PRESERVATION, AND RENTAL OF HISTORIC TRAIN DEPOT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Williams Executive Dir. | Officer | 40 | $92,911 |
Marcell Bruski Vice President | OfficerTrustee | 0 | $0 |
Lee Humphrey President | OfficerTrustee | 0 | $0 |
John Reas Treasurer | OfficerTrustee | 0 | $0 |
Molly Schwend Secretary | OfficerTrustee | 0 | $0 |
Tiffany Madden Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,400 |
| Fundraising events | $26,120 |
| Related organizations | $0 |
| Government grants | $97,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,586 |
| Total Program Service Revenue | $483,577 |
| Investment income | $929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50 |
| Net Income from Fundraising Events | -$77,921 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,914 |
| 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. | $92,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,895 |
| Advertising and promotion | $21,374 |
| Office expenses | $6,760 |
| Information technology | $872 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,997 |
| Insurance | $5,368 |
| All other expenses | $23,951 |
| Total functional expenses | $581,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,118 |
| Savings and temporary cash investments | $102,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,032 |
| 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 | $3,385 |
| Net Land, buildings, and equipment | $2,235,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,463 |
| Other assets | $17,459 |
| Total assets | $2,400,537 |
| Accounts payable and accrued expenses | $22,780 |
| Grants payable | $0 |
| Deferred revenue | $7,506 |
| 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 | $626,380 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,543 |
| Total liabilities | $689,209 |
| Net assets without donor restrictions | $1,711,328 |
| 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 | $2,400,537 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Billings Depot Inc has recieved totaling $242.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $235 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Endowment Analysis
| Beg. Balance | $5,772 |
| Earnings | $2,315 |
| Ending Balance | $8,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yellowstone Historic Center Inc West Yellowstone, MT | $1,507,190 | $417,504 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Hardy Foundation Inc Boise, ID | $14,628,798 | $1,249,658 |
Billings Depot Inc Billings, MT | $2,400,537 | $559,343 |
Northern Plains Heritage Foundation Bismarck, ND | $399,840 | $434,792 |
Navy Legacy Flight Foundation Jackson, WY | $249,221 | $443,070 |
Historic Homestake Opera House Society Lead, SD | $3,779,298 | $427,991 |
The Capital Gallery Society Bismarck, ND | $762,645 | $377,655 |
Cheyenne Frontier Days Foundation Inc Cheyenne, WY | $1,906,727 | $465,437 |
Friends Of The Historic Adams Hotel Lavina, MT | $20,330 | $110,009 |