Billings Catholic Schools Foundation
- Assets
- $35.9m
- Revenue
- $2.3m
- Investments
- $103.5k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 03/2015
- Data as of
- 06/2021
- EIN
- 38-3819006
Organization Overview
Billings Catholic Schools Foundation is located in Billings, MT. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Billings Catholic Schools 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 06/2021, Billings Catholic Schools Foundation generated $2.3m 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 (11.3%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
FOSTERING THE CONTINUED SUCCESS AND ENRICHMENT OF THE BILLINGS CATHOLIC SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS AND DISTIBUTIONS TO THE BILLINGS CATHOLIC SCHOOLS WHICH INCLUDES:$398,833 FROM THE BILLINGS AREA CATHOLIC EDUCATION TRUST$200,397 FROM THE MAYFAIR FUNDRAISER$48,650 FROM THE ANNUAL FUND$125,000 FROM THE PORTER ENDOWMENT$48,309 FROM THE FOUNDATION$15,846 FROM SPECIAL EVENTS$60,132 FROM THE DUFFNER ENDOWMNENTOTHER EXPENSES MAKING UP TOTAL PROGRAM EXPENSES INCLUDE DEPRECIATION OF $537,029 RELATED TO THE NEW SCHOOL BUILT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Brown Treasurer | OfficerTrustee | 1 | $0 |
John Newbury Chair | OfficerTrustee | 1 | $0 |
Jennifer Sayler Vice Chair | OfficerTrustee | 1 | $0 |
Adam Liberty Executive Director/president | Officer | 40 | $0 |
Jason Mueller Director | Trustee | 1 | $0 |
Ryan Toner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,817 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,624 |
| Noncash contributions included in lines 1a–1f | $29,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $681,441 |
| Total Program Service Revenue | $0 |
| Investment income | $343,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,071,730 |
| Net Income from Fundraising Events | $239,065 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,349,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $897,167 |
| 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. | $102,985 |
| Compensation of current officers, directors, key employees. | $102,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,689 |
| Pension plan accruals and contributions | $4,687 |
| Other employee benefits | $15,734 |
| Payroll taxes | $14,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,680 |
| Fees for services: Other | $38,825 |
| Advertising and promotion | $3,012 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,704 |
| Travel | $1,300 |
| 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 | $537,029 |
| Insurance | $4,721 |
| All other expenses | $6,826 |
| Total functional expenses | $1,826,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $85,686 |
| Accounts receivable, net | $26,656 |
| 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 | $15,524,752 |
| Investments—publicly traded securities | $18,010,971 |
| Investments—other securities | $103,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,749,593 |
| Total assets | $35,868,574 |
| Accounts payable and accrued expenses | $133,617 |
| Grants payable | $0 |
| Deferred revenue | $124,630 |
| 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 | $258,247 |
| Net assets without donor restrictions | $16,282,921 |
| Net assets with donor restrictions | $19,327,406 |
| 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 | $35,868,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Billings Catholic Schools Foundation has recieved totaling $13,750.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $13,750 |
Endowment Analysis
| Beg. Balance | $15,669,623 |
| Earnings | $3,329,992 |
| Net Contributions | $307,370 |
| Other Expense | $155,640 |
| Ending Balance | $19,151,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Billings Catholic Schools Foundation Billings, MT | $35,868,574 | $2,349,630 |
Janice Seagraves Family Foundation Inc Twin Falls, ID | $21,049,001 | $1,556,609 |
Panhandle Alliance For Education Inc Sandpoint, ID | $4,964,677 | $808,919 |
The Education Foundation For Joint School District 2 Inc Meridian, ID | $2,506,760 | $1,499,562 |
Alexa Rose Howell Cultural Foundation Boise, ID | $1,562,530 | $346,091 |
Blue Hawk Touchdown Club Dickinson, ND | $0 | $148,352 |
Anna Schindler Foundation Post Falls, ID | $1,291,958 | $556,607 |
Fargo Public Schools Development Foundation Fargo, ND | $4,450,890 | $690,925 |
Dickinson Catholic Schools Foundation Dickinson, ND | $4,984,545 | $437,252 |
Montana 4-H Foundation Inc Havre, MT | $832,099 | $294,331 |
Helena Education Foundation Helena, MT | $236,432 | $376,192 |