Billings Catholic Schools Foundation
- Assets
- $33.0m
- Revenue
- $3.3m
- Investments
- $103.5k
- Employees
- 0
- Location
- Billings, MT
- Founding
- 03/2015
- Data as of
- 06/2022
- 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 06/2022, Billings Catholic Schools Foundation generated $3.3m 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 (5.8%) each year. All expenses for the organization totaled $2.6m 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
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:$386,493 FROM THE BILLINGS AREA CATHOLIC EDUCATION TRUST$518,423 FROM THE MAYFAIR FUNDRAISER$152,087 FROM THE ANNUAL FUND$77,329 FROM TUITION ASSISTANCE$108,072 FROM PROJECTS$200,894 FROM ELEVATOR$125,000 FROM THE PORTER ENDOWMENT$12,696 FROM SPECIAL EVENTS$40,000 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 |
|---|---|---|---|
Cote Mangel Board Chairman | OfficerTrustee | 1 | $0 |
Tricia Hansen Vice-Chairman | OfficerTrustee | 1 | $0 |
Bryce Burke Secretary/treasurer | OfficerTrustee | 1 | $0 |
Connor Cunningham Director | Trustee | 1 | $0 |
Quinn Donovan Director | Trustee | 1 | $0 |
Jeremy Hauk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,004 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,617,340 |
| Noncash contributions included in lines 1a–1f | $77,136 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,662,344 |
| Total Program Service Revenue | $0 |
| Investment income | $523,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $656,592 |
| Net Income from Fundraising Events | $396,892 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,254,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,622,794 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,787 |
| Pension plan accruals and contributions | $10,052 |
| Other employee benefits | $27,092 |
| Payroll taxes | $13,955 |
| 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 | $102,964 |
| Fees for services: Other | $30,537 |
| Advertising and promotion | $7,879 |
| Office expenses | $15,327 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,257 |
| Travel | $1,216 |
| 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 | $537,030 |
| Insurance | $4,721 |
| All other expenses | $6,720 |
| Total functional expenses | $2,604,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,142,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $117,373 |
| Accounts receivable, net | $29,872 |
| 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 | $14,987,722 |
| Investments—publicly traded securities | $15,204,800 |
| Investments—other securities | $103,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,433,041 |
| Total assets | $33,019,043 |
| Accounts payable and accrued expenses | $147,513 |
| Grants payable | $0 |
| Deferred revenue | $107,896 |
| 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 | $255,409 |
| Net assets without donor restrictions | $15,225,867 |
| Net assets with donor restrictions | $17,537,767 |
| 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 | $33,019,043 |