Belgrade Community Library Foundation Inc
- Assets
- $346.1k
- Revenue
- $82.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Belgrade, MT
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 81-0526111
Organization Overview
Belgrade Community Library Foundation Inc is located in Belgrade, MT. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belgrade Community 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, Belgrade Community Library Foundation Inc generated $82.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
PROVIDES FINANCIAL SUPPORT FOR THE COMMUNITY LIBRARY BY PURCHASING MATERIALS AND SUPPLIES TO CONTINUE GENERAL OPERATIONS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS TO SUPPORT THE LIBRARY FOR BOOKS, FURNISHINGS, READING PROGRAMS, AND GENERAL SUPPORT.
NEW BUILDING PROJECT IS IN THE DESIGN PHASE. WHEN COMPLETED, THE NEW LIBRARY WILL BE 33,000 SQUARE FEET, MORE THAN DOUBLE THE SIZE OF THE CURRENT LIBRARY. THE PROJECTED COMPLETION DATE IS FALL 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Kirkemo | Officer | 3 | $0 |
Jorden Ramler | Officer | 1 | $0 |
Kristine Menicucci | Officer | 10 | $0 |
Colleen Karls | Trustee | 1 | $0 |
Lorraine Ekegren | Trustee | 2 | $0 |
Ryan Ballenger | Trustee | 1 | $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 | $49,779 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,779 |
| Total Program Service Revenue | $0 |
| Investment income | $14,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,791 |
| Net Income from Fundraising Events | $15,887 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,724,136 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,500 |
| Fees for services: Investment Management | $3,085 |
| Fees for services: Other | $575 |
| Advertising and promotion | $735 |
| Office expenses | $2,036 |
| Information technology | $4,277 |
| 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 | $1,907 |
| All other expenses | $0 |
| Total functional expenses | $1,776,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $197,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,052 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $207,757 |
| Net assets with donor restrictions | $138,295 |
| 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 | $346,052 |
Grants Awarded
Over the last fiscal year, Belgrade Community Library Foundation Inc has awarded $1,695,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bozeman, MT PURPOSE: New Building project | $1,642,139 |
BELGRADE COMMUNITY LIBRARY PURPOSE: Books,supplies and furnishings | $53,161 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Belgrade Community Library Foundation Inc has recieved totaling $25,707.
| Awarding Organization | Amount |
|---|---|
Gianforte Fam Charitable Tr Bozeman, MT PURPOSE: CHARITABLE PURPOSE | $25,000 |
Town Pump Charitable Foundation Butte, MT PURPOSE: ADOPT A FAMILY | $500 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $125 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Endowment Analysis
| Beg. Balance | $500,077 |
| Net Contributions | $125,000 |
| Other Expense | $90,063 |
| Ending Balance | $535,014 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Northern Wyoming Community College Foundation Sheridan, WY | $33,113,108 | $3,315,180 |
Northwest College Foundation Powell, WY | $59,844,602 | $7,208,480 |
Williston State College Foundation Williston, ND | $26,851,284 | $7,223,320 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
The Bismarck State College Foundation Bismarck, ND | $52,565,750 | $4,203,198 |
Valley City State University Foundation Valley City, ND | $18,931,398 | $7,610,342 |