Billings Tourism Business Improvement District
- Assets
- $2.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 07/2009
- Data as of
- 06/2023
- EIN
- 26-1566537
Organization Overview
Billings Tourism Business Improvement District is located in Billings, MT. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Tourism Business Improvement District is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Billings Tourism Business Improvement District generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE ROOM NIGHTS FOR LODGING FACILITIES IN THE CITY OF BILLINGS BY EFFECTIVELY MARKETING THE BILLINGS, MT REGION AS A PREFERRED TRAVEL DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GENERATES REVENUE TO MARKET THE AREA AS A PREFERRED TRAVEL DESTINATION FOR VISITORS IN ORDER TO CONTRIBUTE TO THE ECONOMIC AND CULTURAL GROWTH OF BILLINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wahrlich Board Member | Trustee | 2 | $0 |
Shelli Mann Board Member | Trustee | 2 | $0 |
Ron Spence Board Member | Trustee | 2 | $0 |
Joe Studiner Past Chair | OfficerTrustee | 2 | $0 |
George Maragos Chairman | OfficerTrustee | 2 | $0 |
Lori Walker Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunshine & Bourbon Marketing Campaigns | 6/29/23 | $319,478 |
Goodway Group Marketing Campaigns | 6/29/23 | $363,614 |
Billings Chamber Of Commerce Administrative Support Services | 6/29/23 | $390,173 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,707,934 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,707,934 |
| Total Program Service Revenue | $0 |
| Investment income | $24,995 |
| 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 | $1,741,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $304,145 |
| Pension plan accruals and contributions | $19,828 |
| Other employee benefits | $34,058 |
| Payroll taxes | $22,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,633 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $827,332 |
| Office expenses | $2,323 |
| Information technology | $14,413 |
| 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 | $10,857 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,286 |
| Insurance | $2,554 |
| All other expenses | $125,988 |
| Total functional expenses | $1,803,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,604 |
| Savings and temporary cash investments | $1,700,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $861,260 |
| 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 | $21,364 |
| Net Land, buildings, and equipment | $10,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,788,973 |
| Accounts payable and accrued expenses | $33,717 |
| 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 | $33,717 |
| Net assets without donor restrictions | $2,755,256 |
| 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 | $2,788,973 |