First Interstate Bancsystem Foundation Inc
- Assets
- $24.6m
- Revenue
- $24.9m
- Investments
- $23.7m
- Employees
- 0
- Location
- Billings, MT
- Founding
- 08/1991
- Data as of
- 12/2022
- EIN
- 81-0465899
Organization Overview
First Interstate Bancsystem Foundation Inc is located in Billings, MT. The organization was established in 1991. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Interstate Bancsystem 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 12/2022, First Interstate Bancsystem Foundation Inc generated $24.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 69.5% each year . All expenses for the organization totaled $6.2m during the year ending 12/2022. While expenses have increased by 32.0% per year over the past 5 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.
Since 2020, First Interstate Bancsystem Foundation Inc has awarded 3,170 individual grants totaling $12,160,591. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Gaglia Director | 1 | $0 | |
Jodi Delahunt Hubbell Director | 1 | $0 | |
Kirk Jensen Director | 1 | $0 | |
Russ Lee Director | 1 | $0 | |
Julie Scott Rose Director | 1 | $0 | |
Amberly Pahut Executive Director | 36 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,604,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $536,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,268,418 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,872,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,292 |
| Total operating and administrative expenses | $113,080 |
| Contributions, gifts, grants paid | $6,074,011 |
| Total expenses and disbursements | $6,187,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,436 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,268,650 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,608,141 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, First Interstate Bancsystem Foundation Inc has awarded $6,070,011 in support to 1,375 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS MONTANA PURPOSE: GENERAL OPERATING SUPPORT | $102,755 |
COBRE VALLEY HOSPITAL PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
YWCA OF BILLINGS PURPOSE: GENERAL OPERATING SUPPORT | $71,406 |
Missoula, MT PURPOSE: GENERAL OPERATING SUPPORT | $58,524 |
Whitefish, MT PURPOSE: GENERAL OPERATING SUPPORT | $54,446 |
Rapid City, SD PURPOSE: GENERAL OPERATING SUPPORT | $50,145 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Interstate Bancsystem Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
The Step Forward Trust Boise, ID PURPOSE: ANDREW WELLMAN SCHOLARSHIP FUND | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT | $24,608,141 | $24,872,329 |
Rotary Club No 380 Charitable Association Inc Idaho Falls, ID | $132,365 | $79,009 |
Benevolent & Protective Order Of Elks Of The Usa Laramie, WY | $359,766 | $157,600 |
Benevolent & Protective Order Of Elks Of The Usa Missoula, MT | $1,227,334 | $250,285 |
Benevolent & Protective Order Of Elks Of The Usa Livingston, MT | $219,056 | $0 |
Sigma Chi Fraternity Boise, ID | $2,623 | $0 |
Knights Of Columbus Rapid City, SD | $325,932 | $46,595 |
Victory New Testament Fellowship International Pinedale, WY | $119 | $0 |