Civic Intelligence

Livingston Business Improvements District Inc.

EIN 45-2805610 • 501(c)3 • Livingston, MT

RevokedPub. 78 Eligible

Profile

The mission of the lbid is to facilitate an improved business climate in our historic downtown, which is heavily dependent on tourism. The vision of lbid is to be one of the motivating forces behind a successful business district which preserves our historic downtown, enriches our culture, and continues to improve and maintain the physical appearance and aesthetics of the district in order to continue to attract long-term and viable busineses, invigorate community activity, and enhance visitor experiences. The lbid also improves the functional characteristics of the downtown business district, such as enhancing the streetscape, conducting the maintenance that the city of livingston does not have the funds to perform, and develop a strong marketing program to advertise the area. Historic downtown livingston is a key atrraction to visitors and locals alike.

Revocation date: Nov 15, 2014

PO Box 284Livingston, MT 59047

www.downtownlivingston.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

56th percentile

4.9%

Higher net margin than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$100,050

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 35.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

63rd percentile

5.8%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$262,979

Up $14,518 (+5.8%) from 2023

Liabilities

Up

$464

Up $464 from 2023

Net Assets

Up

$262,515

Up $14,054 (+5.7%) from 2023

Revenue

Up

$284,630

Up $36,063 (+15%) from 2023

Expenses

Up

$270,576

Up $19,174 (+7.6%) from 2023

Net Income

Up

$14,054

Up $16,889 (+596%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2023: $248,461Liabilities 2023: $0Net Assets 2023: $248,4612023Assets 2024: $262,979Liabilities 2024: $464Net Assets 2024: $262,5152024

Highlighted filing

2024

Assets$262,979
Liabilities$464
Net Assets$262,515

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2023: $248,567Expenses 2023: $251,402Net Income 2023: -$2,8352023Revenue 2024: $284,630Expenses 2024: $270,576Net Income 2024: $14,0542024

Highlighted filing

2024

Revenue$284,630
Expenses$270,576
Net Income$14,054

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$284,630
Mission and Program Overview

Mission

The mission of the lbid is to facilitate an improved business climate in our historic downtown, which is heavily dependent on tourism. The vision of lbid is to be one of the motivating forces behind a successful business district which preserves our historic downtown, enriches our culture, and continues to improve and maintain the physical appearance and aesthetics of the district in order to continue to attract long-term and viable busineses, invigorate community activity, and enhance visitor experiences. The lbid also improves the functional characteristics of the downtown business district, such as enhancing the streetscape, conducting the maintenance that the city of livingston does not have the funds to perform, and develop a strong marketing program to advertise the area. Historic downtown livingston is a key atrraction to visitors and locals alike.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$247,725$262,979▲ $15,254
Land, Buildings, and Equipment, Net$736--
Total Assets$268,461$262,979▼ $5,482
Other Assets Total$20,000--
Liabilities
Other Liabilities$20,000$464▼ $19,536
Total Liabilities$20,000$464▼ $19,536
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$248,461$262,515▲ $14,054
Total Net Assets Fund Balance$248,461$262,515▲ $14,054
Total Liabilities and Net Assets / Fund Balance$268,461$262,979▼ $5,482
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kris KingExecutive DiFT$100,050$100,050

Board Members and Trustees

NameTitle
Dale SextonBoard Chair
Dale HopkinsBoard Member
James LangteauxBoard Member
Jeff GalliBoard Member
Lauren SilanoBoard Member
Megan EubankBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$280,647
Program Service Revenue
$2,995
Investment Income
$988
Other Revenue
$0
All Other Contributions
$23,315
Change in Net Assets
$14,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,276
Salaries, Compensation, and Employee Benefits$100,050
Grants and Similar Amounts Paid$23,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$89,386$10,664-$100,050
Advertising$37,244--$37,244
Grants to Domestic Orgs$23,250--$23,250
Office Expenses$5,407$4,795-$10,202
Other Expenses$9,829--$9,829
Fees for Services Accounting-$8,373-$8,373
Occupancy$6,900--$6,900
All Other Expenses$6,053--$6,053
Insurance$575$1,369-$1,944
Conferences and Meetings$1,730--$1,730
Total Functional Expenses$245,375$25,201$0$270,576
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tbid Grants---$23,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Reviewed by executive director and board chair prior to filing.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Livingston Business Improvement Dis
EIN
45-2805610
Phone
4062209600
Address
PO BOX 284, LIVINGSTON, MT 59047

Signing Officer

Name
Dale Sexton
Title
Board Chair
Phone
4062209600
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Sexton
Formed
2019
Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Cem Bookkeeping & Tax Services Inc
Address
124 S 2ND ST, LIVINGSTON, MT 59047-2604
Preparer
Catherine E Moody
Phone
4063337315
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the lbid is to facilitate an improved business climate in our historic downtown, which is heavily dependent on tourism. The vision of lbid is to be one of the motivating forces behind a successful business district which preserves our historic downtown, enriches our culture, and continues to improve and maintain the physical appearance and aesthetics of the district in order to continue to attract long-term and viable busineses, invigorate community activity, and enhance visitor experiences. The lbid also improves the functional characteristics of the downtown business district, such as enhancing the streetscape, conducting the maintenance that the city of livingston does not have the funds to perform, and develop a strong marketing program to advertise the area. Historic downtown livingston is a key atrraction to visitors and locals alike.

Form 990, Page 1, Part I, Line 6

Board of directors are not compensated.

Form 990, Page 2, Part III, Line 4A

The lbid was formed in 2011 after a majority (60%+) of the downtown business owners signed a petition in favor of creating the district, which was then approved by the city commission. In fiscal 2021, by vote of the city commission, the lbid was renewed for an additional 10 years, expiring in march 2031. Property owners within the district pay an additional tax to fund the purposes of the lbid. In july 2020 lbid was awarded a contract by the city of livingston to oversee the explore livingston coalition, a partnership with the livingstson destination management organization (dmo/cvb) and tourism business improvement district (tbid) which share resources, an executive director, office and overlapping missions to build a sustainable year-round economy in livingston while providing strategic stewardship to preserve quality of life and place for residents, and quality of experience for visitors. The coalition partnership management include the three organization's books as one master budget reporting to the irs. Each organization operates under the direction of their separate boards of directors, by-laws, missions, district and state regulations, and audits as required but share bookkeeping records and resources. All marketing plans and budgets are reviewed and approved annually by each organizatio's board of directors and the livingston city commission, with the dmo/cvb also overseen by the state of montana tourism advisory council and the montana department of commerce, which also performs annual audits. The primary programs funded by the lbid include marketing and district business support, maintenance of sidewalk trash cans, graffiti mitigation, installing and maintaining flower baskets, holiday decorations, and a banner program to advertise local nonprofits and events. This past year we co-hosted the statemwaide montana main street conference for the first time ever and are in the second year of a popular downtown oktoberfest. Lbid works with partners for a light up livingston event that draws more than 5,000 people to downtown. Lbid fundraised for new low water downtown flower baskets to decorate the district while minimizing labor costs and water usage. Lbid convened an educational "who does what downtown", inviting a dozen groups, from the city public works to the chief of police to the gallery association, to present their areas of responsibilities in the district. Lbid partnered with business-led promotion of small business saturday with a popular scavenger hunt to bring people downtown.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE LBID IS TO FACILITATE AN IMPROVED BUSINESS CLIMATE IN OUR HISTORIC DOWNTOWN, WHICH IS HEAVILY DEPENDENT ON TOURISM. THE VISION OF LBID IS TO BE ONE OF THE MOTIVATING FORCES BEHIND A SUCCESSFUL BUSINESS DISTRICT WHICH PRESERVES OUR HISTORIC DOWNTOWN, ENRICHES OUR CULTURE, AND CONTINUES TO IMPROVE AND MAINTAIN THE PHYSICAL APPEARANCE AND AESTHETICS OF THE DISTRICT IN ORDER TO CONTINUE TO ATTRACT LONG-TERM AND VIABLE BUSINESES, INVIGORATE COMMUNITY ACTIVITY, AND ENHANCE VISITOR EXPERIENCES. THE LBID ALSO IMPROVES THE FUNCTIONAL CHARACTERISTICS OF THE DOWNTOWN BUSINESS DISTRICT, SUCH AS ENHANCING THE STREETSCAPE, CONDUCTING THE MAINTENANCE THAT THE CITY OF LIVINGSTON DOES NOT HAVE THE FUNDS TO PERFORM, AND DEVELOP A STRONG MARKETING PROGRAM TO ADVERTISE THE AREA. HISTORIC DOWNTOWN LIVINGSTON IS A KEY ATRRACTION TO VISITORS AND LOCALS ALIKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE LBID WAS FORMED IN 2011 AFTER A MAJORITY (60%+) OF THE DOWNTOWN BUSINESS OWNERS SIGNED A PETITION IN FAVOR OF CREATING THE DISTRICT, WHICH WAS THEN APPROVED BY THE CITY COMMISSION. IN FISCAL 2021, BY VOTE OF THE CITY COMMISSION, THE LBID WAS RENEWED FOR AN ADDITIONAL 10 YEARS, EXPIRING IN MARCH 2031. PROPERTY OWNERS WITHIN THE DISTRICT PAY AN ADDITIONAL TAX TO FUND THE PURPOSES OF THE LBID. IN JULY 2020 LBID WAS AWARDED A CONTRACT BY THE CITY OF LIVINGSTON TO OVERSEE THE EXPLORE LIVINGSTON COALITION, A PARTNERSHIP WITH THE LIVINGSTSON DESTINATION MANAGEMENT ORGANIZATION (DMO/CVB) AND TOURISM BUSINESS IMPROVEMENT DISTRICT (TBID) WHICH SHARE RESOURCES, AN EXECUTIVE DIRECTOR, OFFICE AND OVERLAPPING MISSIONS TO BUILD A SUSTAINABLE YEAR-ROUND ECONOMY IN LIVINGSTON WHILE PROVIDING STRATEGIC STEWARDSHIP TO PRESERVE QUALITY OF LIFE AND PLACE FOR RESIDENTS, AND QUALITY OF EXPERIENCE FOR VISITORS. THE COALITION PARTNERSHIP MANAGEMENT INCLUDE THE THREE ORGANIZATION'S BOOKS AS ONE MASTER BUDGET REPORTING TO THE IRS. EACH ORGANIZATION OPERATES UNDER THE DIRECTION OF THEIR SEPARATE BOARDS OF DIRECTORS, BY-LAWS, MISSIONS, DISTRICT AND STATE REGULATIONS, AND AUDITS AS REQUIRED BUT SHARE BOOKKEEPING RECORDS AND RESOURCES. ALL MARKETING PLANS AND BUDGETS ARE REVIEWED AND APPROVED ANNUALLY BY EACH ORGANIZATIO'S BOARD OF DIRECTORS AND THE LIVINGSTON CITY COMMISSION, WITH THE DMO/CVB ALSO OVERSEEN BY THE STATE OF MONTANA TOURISM ADVISORY COUNCIL AND THE MONTANA DEPARTMENT OF COMMERCE, WHICH ALSO PERFORMS ANNUAL AUDITS. THE PRIMARY PROGRAMS FUNDED BY THE LBID INCLUDE MARKETING AND DISTRICT BUSINESS SUPPORT, MAINTENANCE OF SIDEWALK TRASH CANS, GRAFFITI MITIGATION, INSTALLING AND MAINTAINING FLOWER BASKETS, HOLIDAY DECORATIONS, AND A BANNER PROGRAM TO ADVERTISE LOCAL NONPROFITS AND EVENTS. THIS PAST YEAR WE CO-HOSTED THE STATEMWAIDE MONTANA MAIN STREET CONFERENCE FOR THE FIRST TIME EVER AND ARE IN THE SECOND YEAR OF A POPULAR DOWNTOWN OKTOBERFEST. LBID WORKS WITH PARTNERS FOR A LIGHT UP LIVINGSTON EVENT THAT DRAWS MORE THAN 5,000 PEOPLE TO DOWNTOWN. LBID FUNDRAISED FOR NEW LOW WATER DOWNTOWN FLOWER BASKETS TO DECORATE THE DISTRICT WHILE MINIMIZING LABOR COSTS AND WATER USAGE. LBID CONVENED AN EDUCATIONAL "WHO DOES WHAT DOWNTOWN", INVITING A DOZEN GROUPS, FROM THE CITY PUBLIC WORKS TO THE CHIEF OF POLICE TO THE GALLERY ASSOCIATION, TO PRESENT THEIR AREAS OF RESPONSIBILITIES IN THE DISTRICT. LBID PARTNERED WITH BUSINESS-LED PROMOTION OF SMALL BUSINESS SATURDAY WITH A POPULAR SCAVENGER HUNT TO BRING PEOPLE DOWNTOWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY EXECUTIVE DIRECTOR AND BOARD CHAIR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE E MOODY
ReturnHeader/ReturnTs02025-05-14T16:07:54-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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