Civic Intelligence

Education Foundation for Billings Public Schools

990 • Fiscal year 2018 • EIN 81-0452904

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

415 North 30th StBillings, MT 59101

(406) 245-4133

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

59th percentile

3.9%

Faster asset growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

24%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,991,522

Up $148,796 (+3.9%) from 2017

Net Assets

Up

$3,990,231

Up $148,565 (+3.9%) from 2017

Liabilities

Up

$1,291

Up $231 (+22%) from 2017

Revenue

Up

$771,713

Up $148,782 (+24%) from 2017

Expenses

Down

$671,072

Down $206,093 (-23%) from 2017

Net Income

Up

$100,641

Up $354,875 (+140%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,480,347Liabilities 2011: $2,914Net Assets 2011: $3,477,4332011Assets 2012: $3,456,812Liabilities 2012: $9,132Net Assets 2012: $3,447,6802012Assets 2013: $3,561,943Liabilities 2013: $9,392Net Assets 2013: $3,552,5512013Assets 2014: $4,171,153Liabilities 2014: $2,970Net Assets 2014: $4,168,1832014Assets 2015: $3,804,504Liabilities 2015: $289Net Assets 2015: $3,804,2152015Assets 2016: $3,821,728Liabilities 2016: $472Net Assets 2016: $3,821,2562016Assets 2017: $3,842,726Liabilities 2017: $1,060Net Assets 2017: $3,841,6662017Assets 2018: $3,991,522Liabilities 2018: $1,291Net Assets 2018: $3,990,2312018Assets 2019: $4,176,165Liabilities 2019: $847Net Assets 2019: $4,175,3182019Assets 2020: $4,282,262Liabilities 2020: $0Net Assets 2020: $4,282,2622020Assets 2021: $5,339,940Liabilities 2021: $4,618Net Assets 2021: $5,335,3222021Assets 2022: $4,570,365Liabilities 2022: $4,140Net Assets 2022: $4,566,2252022Assets 2023: $5,047,658Liabilities 2023: $6,573Net Assets 2023: $5,041,0852023Assets 2024: $6,913,981Liabilities 2024: $7,039Net Assets 2024: $6,906,9422024

Highlighted filing

2018

Assets$3,991,522
Liabilities$1,291
Net Assets$3,990,231

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $554,5462011Expenses 2012: $458,1872012Expenses 2013: $626,5542013Revenue 2014: $915,698Expenses 2014: $618,286Net Income 2014: $297,4122014Revenue 2015: $1,505,166Expenses 2015: $1,182,513Net Income 2015: $322,6532015Revenue 2016: $943,936Expenses 2016: $920,832Net Income 2016: $23,1042016Revenue 2017: $622,931Expenses 2017: $877,165Net Income 2017: -$254,2342017Revenue 2018: $771,713Expenses 2018: $671,072Net Income 2018: $100,6412018Revenue 2019: $793,933Expenses 2019: $627,922Net Income 2019: $166,0112019Revenue 2020: $869,676Expenses 2020: $687,483Net Income 2020: $182,1932020Revenue 2021: $1,206,335Expenses 2021: $798,366Net Income 2021: $407,9692021Revenue 2022: $1,068,447Expenses 2022: $809,127Net Income 2022: $259,3202022Revenue 2023: $1,114,753Expenses 2023: $922,613Net Income 2023: $192,1402023Revenue 2024: $3,071,273Expenses 2024: $1,282,893Net Income 2024: $1,788,3802024

Highlighted filing

2018

Revenue$771,713
Expenses$671,072
Net Income$100,641
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.2
Gross Receipts
$771,713
Mission and Program Overview

Mission

Promote excellence in education by providing opportunities and resources outside of the scope of district budgeting to billings public school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$112,992$149,638▲ $36,646
Savings and Temporary Cash Investments$35,922$35,711▼ $211
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,842,726$3,991,522▲ $148,796
Other Assets Total$3,693,812$3,806,173▲ $112,361
Liabilities
Accounts Payable and Accrued Expenses$1,060$1,291▲ $231
Total Liabilities$1,060$1,291▲ $231
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,168,310$3,242,538▲ $74,228
Temporarily Rstr Net Assets$581,299$535,561▼ $45,738
Unrestricted Net Assets$92,057$212,132▲ $120,075
Total Net Assets Fund Balance$3,841,666$3,990,231▲ $148,565
Total Liabilities and Net Assets / Fund Balance$3,842,726$3,991,522▲ $148,796

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$3,693,812$74,228▲ $290,439-$3,806,173
2016$3,445,114$76,597▲ $419,697-$3,693,812
2015$3,556,072$53,244▲ $30,742-$3,445,114
2014$3,693,441$37,865▲ $47,892-$3,556,072
2013$3,345,400$4,700▲ $543,411-$3,693,441
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jill QuadePresident
Heidi KnudsonVice President
Alex TysonDirector
Christine KleppsDirector
Chuck BarthulyDirector
Darrell EhrlickDirector
Dennis SulserDirector
Greg BenjaminDirector
Joseph RaffianiDirector
Kristy BouckDirector
Mary DyreDirector
Mccall LinkeDirector
Rilla HardgroveDirector
Robin HanelDirector
Shannon ChristensenDirector
Todd McdonaldDirector
Todd PrestonDirector
Angie GraySecretary
Shane RichardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$415,701
Program Service Revenue
$113,497
Investment Income
$242,515
Other Revenue
$0
All Other Contributions
$415,701
Change in Net Assets
$100,641

Audited Revenue Reconciliation

Revenue per Audited Statements
$771,713
Revenue Not Reported on Form 990
$47,924
Total Revenue per Audited Statements
$819,637
Total Revenue per Form 990
$771,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$440,683
Salaries, Compensation, and Employee Benefits$134,396
Other Expenses$95,993
Total Fundraising Expense$23,860
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$411,420--$411,420
Other Salaries and Wages$88,421$18,121$14,265$120,807
Fees for Service Investment Mgmnt Fees-$37,726-$37,726
Grants to Domestic Individuals$29,263--$29,263
Payroll Taxes$8,323$1,710$1,369$11,402
Other Expenses$8,844$1,303$5,904$5,904
All Other Expenses-$4,673-$4,673
Fees for Services Accounting-$4,075-$4,075
Pension Plan Contributions$1,587$238$362$2,187
Insurance$867$1,301-$2,168
Office Expenses$65$1,496-$1,561
Total Functional Expenses$576,569$70,643$23,860$671,072

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$671,072
Total Expenses per Audited Statements$671,072
Total Expenses per Form 990$671,072
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Billings Public SchoolsBillings, MT-Classroom Grants$110,124
Billings Public SchoolsBillings, MT-Project Lead the Way$64,137
Montana Food BankBillings, MT-Backpack Meals$53,280
Billings Public SchoolsBillings, MT-Saturday Live$34,724
Billings Public SchoolsBillings, MT-Donor Restricted Grants$32,760
Senior High SchoolBillings, MT-School Grant$30,867
Skyview High SchoolBillings, MT-School Grant$28,210
Laurel High SchoolLaurel, MT-School Grant$17,153
Billings Public SchoolsBillings, MT-Partners in Education$11,239
Billings Public SchoolBillings, MT-Summer Tutoring$10,734
Billings West High SchoolBillings, MT-School Grant$10,230
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Line 11B: Form 990 Review Process

Organization provided with draft copy of completed form 990 for review and committee approval prior to filing

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Policies require annual disclosure of any potential conflicts. Upon determination of a conflict, disclosure of abstention is made for relevant issues.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Annual reviews are conducted by board personnel and/or immediate supervisors. Review is acknowledged by all parties and filed in permanent personnel files.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Annual reviews are conducted by board personnel and/or immediate supervisors. Review is acknowledged by all parties and filed in permanent personnel files.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Education Foundation for
EIN
81-0452904
Phone
4062454133
Address
415 NORTH 30TH ST, BILLINGS, MT 59101

Signing Officer

Name
Jill Quade
Title
President
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Mt
Voting Board Members
19
Independent Board Members
19
Employees
6
Volunteers
100

Preparer

Firm
Mrachek Popp & Associates PC
Address
404 North 31st Suite 400, Billings, MT 59101
Preparer
Jeffrey Mrachek
Phone
4062526301
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The Foundation offers classroom grants to educators in Billings Public Schools to encourage innovation and excellence in the schools. Applicants must demonstrate effective instruction methods that inspire students to learn. The program generally provides seed money for material costs and curriculum development enabling projects to continue long past the initial funding. OTHER PROGRAM SERVICES 5: The Foundation offers donor endowment distributions to educators in Billings Public Schools and educational instutions in surrounding areas consistent with donor restricted purposes on a periodic basis in amounts established by donor intent. OTHER PROGRAM SERVICES 6: THE BACKPACK MEALS PROGRAM ENSURES THAT LOW-INCOME CHILDREN IN BILLINGS HAVE FOOD ON WEEKENDS AND SCHOOL HOLIDAYS. BY WORKING CLOSELY WITH OTHER ORGANIZATIONS IN THE CITY, THE PROGRAM HAS BECOME PART OF A COORDINATED EFFORT TO END HUNGER/POVERY IN BILLINGS. OTHER PROGRAM SERVICES 7: 21st Century Learning program intends to integrate technology into student-centered learning environments where technology and digital tools are used across disciplines and subjects to stimulate learning, engagement, and creativity. OTHER PROGRAM SERVICES 8: Project Lead the Way is a STEM education program for K-8 grade students in selected schools in the District that is designed to boost student engagement and innovative thinking while developing problem-solving and communication skills for the purpose of meet the emerging need for students adapted to Science, Technology, Engineering, and Math (STEM) curriculum requirements.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowed funds are held for long-term sustainability of the organization and scholarship funds.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990/GainOrLossGrp/SecuritiesAmt0157088
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IRS990/InsuranceGrp/TotalAmt02168
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IRS990/InterestGrp/TotalAmt00
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE EXCELLENCE IN EDUCATION BY PROVIDING OPPORTUNITIES AND RESOURCES OUTSIDE OF THE SCOPE OF DISTRICT BUDGETING TO BILLINGS PUBLIC SCHOOL STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetUnrlzdGainsLossesInvstAmt047924
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IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt03693812
IRS990/OtherAssetsTotalGrp/EOYAmt03806173
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
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IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/Desc2SUPPLIES - READING ROCKS
IRS990/OtherExpensesGrp/Desc3DONOR DEVELOPMENT
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IRS990/OtherExpensesGrp/FundraisingAmt15904
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01303
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IRS990/OtherExpensesGrp/ProgramServicesAmt28844
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IRS990/OtherExpensesGrp/TotalAmt28844
IRS990/OtherExpensesGrp/TotalAmt35904
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0113497
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation offers classroom grants to educators in Billings Public Schools to encourage innovation and excellence in the schools. Applicants must demonstrate effective instruction methods that inspire students to learn. The program generally provides seed money for material costs and curriculum development enabling projects to continue long past the initial funding.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt081584
IRS990/ProgSrvcAccomActy2Grp/GrantAmt080974
IRS990/ProgSrvcAccomActy3Grp/Desc0Project Lead the Way is a STEM education program for K-8 grade students in selected schools in the District that is designed to boost student engagement and innovative thinking while developing problem-solving and communication skills for the purpose of meet the emerging need for students adapted to Science, Technology, Engineering, and Math (STEM) curriculum requirements.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt064137
IRS990/ProgSrvcAccomActy3Grp/GrantAmt064137
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0382812
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IRS990/PYInvestmentIncomeAmt0145054
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0116179
IRS990/PYProgramServiceRevenueAmt095065
IRS990/PYRevenuesLessExpensesAmt0-254234
IRS990/PYSalariesCompEmpBnftPaidAmt0132947
IRS990/PYTotalExpensesAmt0877165
IRS990/PYTotalRevenueAmt0622931
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0100641
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.91$0.01$6.91$3.07$1.28$1.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$0.01$5.04$1.11$0.92$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$0.00$4.57$1.07$0.81$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$0.00$5.34$1.21$0.80$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$0.00$4.28$0.87$0.69$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.00$4.18$0.79$0.63$0.17
2018Detailed filing. Detailed filing data is available for this year.$3.99$0.00$3.99$0.77$0.67$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$0.00$3.84$0.62$0.88$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$0.00$3.82$0.94$0.92$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.80$0.00$3.80$1.51$1.18$0.32
2014Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.92$0.62$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$0.01$3.55$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.01$3.45$0.46
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.00$3.48$0.55