Billings Public Library Foundation Inc

Organization Overview

Billings Public Library Foundation Inc is located in Billings, MT. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Billings Public Library Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Public Library Foundation Inc 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 Public Library Foundation Inc generated $448.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $355.3k during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE VITAL FUNDS TO PROVIDE A MARGIN OF EXCELLENCE FOR THE BILLINGS PUBLIC LIBRARY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION ASSISTED THE LIBRARY WITH THE COSTS TO ENHANCE THE FACILITY AND LABS TO EDUCATE THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Dave Rigg
Treasurer
$0
Julia Leslie
Vice President
$0
Sara Becker
Secretary
$0
Danell Jones
President
$0
Sarah Brown
Director
$0
Amber Parish
Director
$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$293,636
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$293,636
Total Program Service Revenue$0
Investment income $92,577
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,631
Net Income from Fundraising Events $41,451
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $448,295

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Billings Public Library Foundation Inc has recieved totaling $2,221.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$2,221
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,053,850
Earnings$34,378
Admin Expense$2,953
Net Contributions$55,388
Grants$40,236
Ending Balance$1,100,427

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