Boys And Girls Club Of Yellowstone County Endowment Foundation
- Assets
- $10.4m
- Revenue
- $990.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 81-0456702
Organization Overview
Boys And Girls Club Of Yellowstone County Endowment Foundation is located in Billings, MT. The organization was established in 1994. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys And Girls Club Of Yellowstone County Endowment 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, Boys And Girls Club Of Yellowstone County Endowment Foundation generated $990.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $311.5k 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
CREATE, PROMOTE, MANAGE AND ADMINISTER UNRESTRICTED AND ENDOWMENT FUNDS FOR THE BENEFIT OF THE BOYS & GIRLS CLUBS OF YELLOWSTONE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASH DONATIONS TO BENEFICIARY OF ENDOWMENT FOUNDATION FOR THE BENEFIT AND FURTHERANCE OF THEIR MISSION.
ACADEMIC SCHOLARSHIPS FOR POST SECONDARY EDUCATION OF FORMER MEMBERS OF THE BOYS AND GIRLS CLUBS OF YELLOWSTONE COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Brown President | OfficerTrustee | 2 | $0 |
Brenda Hittmeier Treasurer | OfficerTrustee | 3 | $0 |
Catherine Bergman Director | Trustee | 2 | $0 |
Mark Sorlie Past President | Trustee | 2 | $0 |
Randy Harvey Director | Trustee | 2 | $0 |
Jack Eagle Director | Trustee | 2 | $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 | $365,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,173 |
| Total Program Service Revenue | $0 |
| Investment income | $275,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $350,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $990,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,005 |
| Grants and other assistance to domestic individuals. | $3,500 |
| 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 | $75,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,015 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $311,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,317 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,976,721 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,345,839 |
| Total assets | $10,399,321 |
| Accounts payable and accrued expenses | $0 |
| 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 | $128,033 |
| Total liabilities | $128,033 |
| Net assets without donor restrictions | $1,270,100 |
| Net assets with donor restrictions | $9,001,188 |
| 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 | $10,399,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boys And Girls Club Of Yellowstone County Endowment Foundation has recieved totaling $8,534.
| Awarding Organization | Amount |
|---|---|
Montana Community Foundation Inc Helena, MT PURPOSE: BACK-A-KID PROGRAM; PURCHASE OF THE DUAL STOVE AND OVEN; 2018 ANNUAL DISTRIBUTION | $8,534 |
Endowment Analysis
| Beg. Balance | $11,840,837 |
| Earnings | -$1,507,995 |
| Admin Expense | $170,372 |
| Net Contributions | $369,595 |
| Grants | $209,505 |
| Ending Balance | $10,322,560 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys & Girls Club Of The Northern Plains Inc Brookings, SD | $67,975,086 | $5,252,316 |
Boys & Girls Clubs Of Ada County Garden City, ID | $12,836,236 | $4,936,386 |
Boys & Girls Clubs Of Central Wyoming Casper, WY | $12,811,125 | $5,261,652 |
Boys & Girls Club Of Yellowstone County Billings, MT | $2,294,083 | $2,263,801 |
Boys And Girls Club Of Magic Valley Inc Twin Falls, ID | $6,089,059 | $3,715,183 |
Boys And Girls Clubs Of The Lewis Clark Valley Inc Lewiston, ID | $7,530,408 | $3,910,239 |
Boys And Girls Club Of Watertown Inc Watertown, SD | $6,495,648 | $2,143,034 |
Boys & Girls Club Of Kootenai Post Falls, ID | $6,370,587 | $2,149,676 |
Aberdeen Area Boys And Girls Club Aberdeen, SD | $6,572,194 | $1,897,607 |
Boys And Girls Club Of Nampa Inc Nampa, ID | $3,573,796 | $1,954,693 |
Boys & Girls Club Of The Three Affiliated Tribes New Town, ND | $348,585 | $489,591 |
Boys & Girls Club Of Richland County Montana Sidney, MT | $4,239,835 | $792,472 |