Downtown Billings Partnership Inc
- Assets
- $915.1k
- Revenue
- $355.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 81-0519223
Organization Overview
Downtown Billings Partnership Inc is located in Billings, MT. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Downtown Billings Partnership Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Downtown Billings Partnership Inc generated $355.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $223.7k during the year ending 06/2021. 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
THE DOWNTOWN BILLINGS PARTNERSHIP EXISTS TO ASSIST IN THE PROTECTION AND DEVELOPMENT OF THE DOWNTOWN BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING WITH LOCAL MUNICIPALITIES FOR URBAN DESIGN ENHANCEMENTS TO REVITALIZE DOWNTOWN BILLINGS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Easton CEO | OfficerTrustee | 10 | $20,135 |
James A Patten President | OfficerTrustee | 1 | $0 |
Jock West Vice President | OfficerTrustee | 1 | $0 |
Joni Harman Secretary | OfficerTrustee | 1 | $0 |
Steve Tostenrud Treasurer | OfficerTrustee | 1 | $0 |
Ethan Kanning Director | Trustee | 1 | $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 | $68,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,231 |
| Total Program Service Revenue | $279,441 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,856 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $21,035 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,692 |
| Pension plan accruals and contributions | $1,861 |
| Other employee benefits | $11,105 |
| Payroll taxes | $10,165 |
| Fees for services: Management | $821 |
| Fees for services: Legal | $1,768 |
| Fees for services: Accounting | $6,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,742 |
| Office expenses | $1,642 |
| Information technology | $1,465 |
| Royalties | $0 |
| Occupancy | $17,848 |
| Travel | $218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,980 |
| Insurance | $6,955 |
| All other expenses | $144 |
| Total functional expenses | $223,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,504 |
| Savings and temporary cash investments | $13,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,063 |
| 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 | $735,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $915,114 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $915,114 |
| Total liabilities and net assets/fund balances | $915,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Community Development Corporation Missoula, MT | $128,107,962 | $17,427,104 |
Rocky Mountain Development Council Inc Helena, MT | $19,568,493 | $12,980,509 |
Thunder Valley Community Development Corporation Porcupine, SD | $24,786,426 | $14,048,128 |
Western South Dakota Community Action Inc Rapid City, SD | $273,358 | $4,989,303 |
Council Of Community Services Gillette, WY | $4,502,948 | $3,710,505 |
Sioux Falls Development Foundation Inc Sioux Falls, SD | $50,584,468 | $7,701,176 |
East Central Idaho Planning And Development Association Rexburg, ID | $26,888,994 | $3,244,915 |
Community Action Partnership Association Of Idaho Boise, ID | $322,492 | $2,196,059 |
Technology For Rural Enhancement Of Communities Belle Fourche, SD | $1,025,432 | $1,756,626 |
Stark Development Corporation Dickinson, ND | $9,498,776 | $1,783,751 |
Northeastern South Dakota Health Plan Milbank, SD | $31,039,303 | $1,628,510 |
Nacdc Financial Services Inc Browning, MT | $10,612,328 | $4,375,073 |