Billings Clinic Foundation
- Assets
- $116.8m
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 03/1983
- Data as of
- 06/2021
- EIN
- 81-0407289
Organization Overview
Billings Clinic Foundation is located in Billings, MT. The organization was established in 1983. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Clinic 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 Clinic Foundation generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
TO ADVANCE EXCELLENCE IN HEALTHCARE, EDUCATION AND RESEARCH AT BILLINGS CLINIC THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO BILLINGS CLINIC TO ACCOMPLISH THE MISSION OF BILLINGS CLINIC FOUNDATION BY SUPPORTING PROGRAMS AND CAPITAL NEEDS AT BILLINGS CLINIC.
GRANTS TO VARIOUS INDIVIDUALS IN MONTANA AND SURROUNDING AREA FOR PATIENT/EMPLOYEE ASSISTANCE.
GRANT FUNDS FOR RELATED PROGRAMS OUTSIDE OF BILLINGS CLINIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Mcdonald Vice Chair | OfficerTrustee | 2 | $0 |
P Agnew Secretary | OfficerTrustee | 2 | $0 |
E J Duncan Billings Clinic Chief Comm. Off. And Fdn Pres. | OfficerTrustee | 15 | $0 |
J Jones Chairman | OfficerTrustee | 3 | $0 |
W Hirsch Past Chair | OfficerTrustee | 1 | $0 |
S Ellner DO Billings Clinic CEO | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $593,658 |
| Related organizations | $16,000 |
| Government grants | $1,737,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,530,849 |
| Noncash contributions included in lines 1a–1f | $2,032,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,877,698 |
| Total Program Service Revenue | $0 |
| Investment income | $5,469,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,071,178 |
| Net Income from Fundraising Events | -$12,945 |
| Net Income from Gaming Activities | $32,712 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,438,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,147,564 |
| Grants and other assistance to domestic individuals. | $80,610 |
| 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 | $952 |
| Fees for services: Accounting | $33,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $566,636 |
| Fees for services: Other | $9,422 |
| Advertising and promotion | $13,000 |
| Office expenses | $22,930 |
| Information technology | $22,028 |
| Royalties | $0 |
| Occupancy | $707 |
| Travel | $1,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,401 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,974,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $2,404,347 |
| Pledges and grants receivable | $1,984,768 |
| 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 | $20,206 |
| Net Land, buildings, and equipment | $701,035 |
| Investments—publicly traded securities | $111,571,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,232 |
| Total assets | $116,767,576 |
| Accounts payable and accrued expenses | $4,495 |
| Grants payable | $0 |
| Deferred revenue | $160,459 |
| 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 | $1,135,706 |
| Total liabilities | $1,300,660 |
| Net assets without donor restrictions | $55,436,475 |
| Net assets with donor restrictions | $60,030,441 |
| 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 | $116,767,576 |
Grants Awarded
Over the last fiscal year, Billings Clinic Foundation has awarded $4,570,504 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Billings, MT PURPOSE: To support medical services & capital ne | $4,455,989 |
Glendive, MT PURPOSE: To support operational excellence initia | $20,000 |
Livingston, MT PURPOSE: To support operational excellence initia | $16,000 |
Plentywood, MT PURPOSE: To support operational excellence initia | $13,000 |
Lovell, WY PURPOSE: To support operational excellence initia | $11,500 |
Roundup, MT PURPOSE: To support operational excellence initia | $11,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Billings Clinic Foundation has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
182210 Pgn Foundation Las Vegas, NV PURPOSE: NICU | $300 |
Endowment Analysis
| Beg. Balance | $63,959,649 |
| Earnings | $6,900,818 |
| Net Contributions | $427,564 |
| Grants | $753,794 |
| Ending Balance | $70,534,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
Billings Clinic Foundation Billings, MT | $116,767,576 | $17,438,060 |
United Way Of Cass-Clay Fargo, ND | $8,673,446 | $5,532,076 |
United Way Of Treasure Valley Inc Boise, ID | $5,526,975 | $4,448,551 |
United Way Of Yellowstone County Inc Billings, MT | $4,317,705 | $2,826,216 |
Missouri Slope Areawide United Way Inc Bismarck, ND | $6,237,459 | $3,064,301 |
Liberty Place Inc Whitehall, MT | $3,909,153 | $2,658,015 |
Greater Gallatin United Way Inc Bozeman, MT | $1,831,575 | $2,742,658 |
United Way Of Cascade County Great Falls, MT | $971,506 | $1,344,943 |
United Way Of Southeastern Idaho Inc Pocatello, ID | $1,342,199 | $1,746,511 |
United Way Of Missoula County Missoula, MT | $2,822,821 | $1,518,780 |
United Way Of North Idaho Inc Coeur D Alene, ID | $943,022 | $1,610,986 |