Billings Leadership Foundation
- Assets
- $674.3k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Billings, MT
- Founding
- 07/2019
- Data as of
- 06/2023
- EIN
- 83-2729073
Organization Overview
Billings Leadership Foundation is located in Billings, MT. The organization was established in 2019. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Billings Leadership Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Leadership Foundation 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, Billings Leadership Foundation generated $1.4m in total revenue. All expenses for the organization totaled $1.3m during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE, EQUIP, AND EMPOWER LEADERS AND THEIR ORGANIZATIONS TO EFFECTIVELY EXECUTE THEIR MISSION TO IMPROVE OUR CITY FOR THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LEADERSHIP ROLE FOR ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Lundgren Ex-Officio | Officer | 40 | $178,449 |
Shawna Bonini Director | Trustee | 1 | $0 |
Russ Fagg Director | Trustee | 1 | $0 |
Milford Burke Director | Trustee | 1 | $0 |
Lisa Jensen Director | Trustee | 1 | $0 |
Eric Peterson Director | 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 | $1,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,010 |
| Total Program Service Revenue | $1,381,780 |
| Investment income | $547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,383,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $213,449 |
| Compensation of current officers, directors, key employees. | $10,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $712,973 |
| Pension plan accruals and contributions | $34,236 |
| Other employee benefits | $66,690 |
| Payroll taxes | $63,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,233 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,175 |
| 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 | $9,914 |
| Insurance | $4,075 |
| All other expenses | $30,467 |
| Total functional expenses | $1,299,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,186 |
| 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 | $7,469 |
| Net Land, buildings, and equipment | $378,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,286 |
| Accounts payable and accrued expenses | $103,564 |
| 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 | $200 |
| Total liabilities | $103,764 |
| Net assets without donor restrictions | $570,522 |
| 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 | $674,286 |