Overview
What is Billings Community Foundation?
The Billings Community Foundation, situated in Billings, Montana, serves as a platform for managing charitable assets, offering diverse giving tools like donor-advised funds, permanent endowments, charitable gift annuities, charitable remainder trusts, and charitable lead trusts. These tools enable the foundation to grant funds to various nonprofit organizations within the Billings community and the Yellowstone Valley region. By doing so, the Billings Community Foundation empowers both donors and charitable organizations to address the area's needs effectively, boasting over 50 funds dedicated to charitable causes. Their primary mission is to enhance the capacity of these organizations to meet the community's demands, ultimately improving the lives of its residents.
Official website here: www.billingscommunityfoundation.org
Is Billings Community Foundation legitimate?
Billings Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Billings Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $64,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,375
For more financial information, click here
Official website here: www.billingscommunityfoundation.org
What is the mission statement of Billings Community Foundation?
The Billings Community Foundation's mission is to enhance the capacity of both donors and charitable organizations to address the needs of their community. This is achieved by managing endowment funds for 501(c)(3) organizations in the region. The foundation administers charitable assets through various giving tools, such as donor-advised funds and charitable trusts, to make grants to various nonprofits. The objective is to strengthen the community's ability to meet its needs in compliance with Montana's Uniform Prudent Management of Institutional Funds Act.
Official website here: www.billingscommunityfoundation.org
Who is the CEO of Billings Community Foundation?
Lisa Olmsted is the Secretary of Billings Community Foundation.
Official website here: www.billingscommunityfoundation.org
What is the revenue of Billings Community Foundation?
Billings Community Foundation's revenue in 2022 was $1,876,209.
Official website here: www.billingscommunityfoundation.org
Who are the executives of Billings Community Foundation and what are their salaries?
The average compensation at Billings Community Foundation during 2022 was $67,187. There are 2 employees and 35 volunteers at Billings Community Foundation.
Here are 12 key members and their salaries:
- Lauren Wright (Executive Director)
- Lori Byron (Secretary) [Trustee/Director]
- Mary Walks Over Ice (Director)
- Mike Phillips (Director)
- David Redmon (Director)
- Leif Welhaven (Director)
- Joy Culver (Treasurer) [Trustee/Director]
- Jack Nickels (Director)
- Lisa Olmsted (President) [Trustee/Director]
- Bernard Rose (Past President) [Trustee/Director]
- Carolyn Sevier (Vice President) [Trustee/Director]
- Tim Lehman (Director)
Official website here: www.billingscommunityfoundation.org
Where can I find the form 990 for Billings Community Foundation?
The Billings Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.billingscommunityfoundation.org
Learn more at the official website: www.billingscommunityfoundation.org
Mission Statement of Billings Community Foundation
The Billings Community Foundation, a nonprofit organization, is dedicated to enhancing the capacity of both donors and charitable organizations to meet the needs of their community. By managing endowment funds for 501(c)(3) organizations within the Greater Billings, MT area, the foundation serves as a bridge between philanthropic individuals and local charities. Its mission is to strengthen the ability of these organizations to address the various challenges and requirements of the community, thereby contributing to a more prosperous and well-supported region.
The Billings Community Foundation plays an essential role in facilitating charitable giving by administering the receipt of charitable assets through various tools. These tools include donor-advised funds, permanent endowments, charitable gift annuities, charitable remainder trusts, and charitable lead trusts. By leveraging these resources, the foundation enables donors to make grants to a wide array of nonprofits, ensuring that their charitable contributions are distributed in a prudent and efficient manner. In compliance with the Uniform Prudent Management of Institutional Funds Act of Montana, the foundation ensures that distributions are made in a manner that maximizes the long-term impact of the funds while also meeting the immediate needs of the community.
Impact
This information is meant to be a general summary of Billings Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Billings Community Foundation enhances the capacity of donors and charitable organizations to meet the needs of the greater Billings community. They manage over 50 funds for charities in the Billings, Montana area. The foundation administers charitable assets through various giving tools like donor-advised funds, endowments, and trusts to make grants to various organizations. Their impact includes supporting the local community through philanthropy and facilitating charitable giving to address the needs of the Yellowstone Valley region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION REVENUE
Revenue
$5,134
Organization Details
Founding Year
2006
Phone
(406) 839-3334
Principal Officer
Lisa Olmsted
Main Address
404 N 30TH ST, BILLINGS, MT, 59101
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Billings Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.