Billings Depot Inc

Organization Overview

Billings Depot Inc is located in Billings, MT. The organization was established in 1995. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Billings Depot Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Depot 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 12/2021, Billings Depot Inc generated $559.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $581.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BILLINGS DEPOT WAS FORMED TO ASSIST THE CITY OF BILLINGS IN THE RESTORATION, PRESERVATION, AND RENTAL OF THE HISTORIC TRAIN DEPOT. IN ORDER TO ACHIEVE THIS PURPOSE, BILLINGS DEPOT, INC. ENTERED INTO A CONTRACT WITH THE CITY OF BILLINGS TO REHABILITATE, MAINTAIN COSTS ASSOCIATED WITH RESTORATION, MAINTENANCE, AND RENTAL OF THE HISTORIC DEPOT FACILITY, AND TO PRESERVE AND REVITALIZE THE DEPOT AND MONTANA AVENUE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESTORATION, PRESERVATION, AND RENTAL OF HISTORIC TRAIN DEPOT.


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Board, Officers & Key Employees

Name (title)Compensation
Michelle Williams
Executive Dir.
$92,911
Marcell Bruski
Vice President
$0
Lee Humphrey
President
$0
John Reas
Treasurer
$0
Molly Schwend
Secretary
$0
Tiffany Madden
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,400
Fundraising events$26,120
Related organizations$0
Government grants $97,439
All other contributions, gifts, grants, and similar amounts not included above$22,627
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$148,586
Total Program Service Revenue$483,577
Investment income $929
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $50
Net Income from Fundraising Events -$77,921
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $559,343

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Billings Depot Inc has recieved totaling $242.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$235
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$7
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,772
Earnings$2,315
Ending Balance$8,087

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