Civic Intelligence

Bozeman Area Community Foundation The

990 • Fiscal year 2020 • EIN 81-0519514

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1627 W Main St Box 404Bozeman, MT 59718

(406) 587-6262

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

10th percentile

$73,349

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

100th percentile

2639%

Faster asset growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

6831%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$44,875,418

Up $43,236,978 (+2639%) from 2019

Net Assets

Up

$44,464,661

Up $43,087,490 (+3129%) from 2019

Liabilities

Up

$410,757

Up $149,488 (+57%) from 2019

Revenue

Up

$43,508,713

Up $42,880,978 (+6831%) from 2019

Expenses

Up

$1,051,488

Up $585,758 (+126%) from 2019

Net Income

Up

$42,457,225

Up $42,295,220 (+26107%) from 2019

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $862,982Liabilities 2010: $311,094Net Assets 2010: $551,8882010Assets 2011: $825,890Liabilities 2011: $206,174Net Assets 2011: $619,7162011Assets 2012: $936,802Liabilities 2012: $198,151Net Assets 2012: $738,6512012Assets 2013: $943,089Liabilities 2013: $198,857Net Assets 2013: $744,2322013Assets 2014: $904,346Liabilities 2014: $194,096Net Assets 2014: $710,2502014Assets 2015: $892,268Liabilities 2015: $169,526Net Assets 2015: $722,7422015Assets 2016: $969,158Liabilities 2016: $195,395Net Assets 2016: $773,7632016Assets 2017: $1,319,437Liabilities 2017: $203,564Net Assets 2017: $1,115,8732017Assets 2018: $1,459,449Liabilities 2018: $215,508Net Assets 2018: $1,243,9412018Assets 2019: $1,638,440Liabilities 2019: $261,269Net Assets 2019: $1,377,1712019Assets 2020: $44,875,418Liabilities 2020: $410,757Net Assets 2020: $44,464,6612020Assets 2021: $54,568,108Liabilities 2021: $742,289Net Assets 2021: $53,825,8192021Assets 2022: $31,491,768Liabilities 2022: $1,113,232Net Assets 2022: $30,378,5362022Assets 2023: $27,197,814Liabilities 2023: $1,847,492Net Assets 2023: $25,350,3222023Assets 2024: $22,278,720Liabilities 2024: $1,094,575Net Assets 2024: $21,184,1452024

Highlighted filing

2020

Assets$44,875,418
Liabilities$410,757
Net Assets$44,464,661

Operations Trend

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

$60M$40M$20M$0-$20M-$40MExpenses 2010: $2,6212010Revenue 2011: $76,274Expenses 2011: $8,446Net Income 2011: $67,8282011Expenses 2012: $17,5302012Expenses 2013: $33,7562013Revenue 2014: $48,377Expenses 2014: $71,370Net Income 2014: -$22,9932014Revenue 2015: $94,524Expenses 2015: $103,313Net Income 2015: -$8,7892015Revenue 2016: $373,222Expenses 2016: $407,845Net Income 2016: -$34,6232016Revenue 2017: $395,982Expenses 2017: $133,489Net Income 2017: $262,4932017Revenue 2018: $499,911Expenses 2018: $386,321Net Income 2018: $113,5902018Revenue 2019: $627,735Expenses 2019: $465,730Net Income 2019: $162,0052019Revenue 2020: $43,508,713Expenses 2020: $1,051,488Net Income 2020: $42,457,2252020Revenue 2021: $2,058,571Expenses 2021: $2,765,489Net Income 2021: -$706,9182021Revenue 2022: $3,226,849Expenses 2022: $3,498,861Net Income 2022: -$272,0122022Revenue 2023: $3,020,961Expenses 2023: $3,432,706Net Income 2023: -$411,7452023Revenue 2024: -$28,255,991Expenses 2024: $2,599,800Net Income 2024: -$30,855,7912024

Highlighted filing

2020

Revenue$43,508,713
Expenses$1,051,488
Net Income$42,457,225
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$43,924,386
Mission and Program Overview

Mission

Bacf's mission is to connect people who care to causes that matter to build a better community. Bacf fulfills its mission in three ways: (1) strengthening the local nonprofit sector through grant funding and free professional development; (2) connecting donors to causes that matter to them through charitable giving tools; (3) and finally by inspiring a culture of giving in the community.

Local community foundation to foster philanthropy for the benefit of charitable organizations in southwest montana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,863,737$44,441,073▲ $42,577,336
Cash and Non-Interest-Bearing Accounts$103,563$404,855▲ $301,292
Pledges and Grants Receivable-$15,000-
Intangible Assets$5,233$14,490▲ $9,257
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,972,582$44,875,418▲ $42,902,836
Other Assets Total$49$0▼ $49
Liabilities
Other Liabilities$285,853$334,468▲ $48,615
Accounts Payable and Accrued Expenses$1,047$66,289▲ $65,242
Grants Payable$776$10,000▲ $9,224
Total Liabilities$287,676$410,757▲ $123,081
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,321,936$44,036,367▲ $42,714,431
Net Assets With Donor Restrictions$362,970$428,294▲ $65,324
Total Net Assets Fund Balance$1,684,906$44,464,661▲ $42,779,755
Total Liabilities and Net Assets / Fund Balance$1,972,582$44,875,418▲ $42,902,836

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$793,832$5,000▲ $59,089-$797,992
2019$727,012$25,000▲ $59,097$6,634$793,832
2018$756,084$1,414▲ $25,013-$727,012
2017$650,972$128,317▲ $41,144-$756,084
2016$527,745$72,514▲ $55,350-$650,972
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bridget WilkinsonExecutive DirectorFT$67,716$5,633$73,349

Board Members and Trustees

NameTitle
Jennifer LammersPresident
Eric Van SteenburgVice President
Jenifer SchimbenoVice President
Jonathan DistadVice President
Brea BauerDirector
Cassidy WendellDirector
Charlie AvisDirector
Courtney Jean Kennelly-fosterDirector
Gene TownsendDirector
Kristin TaylorSecretary
Lisa PruntyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,435,012
Program Service Revenue
$21,441
Investment Income
$52,579
Other Revenue
$-319
All Other Contributions
$43,346,607
Change in Net Assets
$42,457,225

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$42,415,926Fair Market Value (FMV)
Other Non Cash Contri Table5$2,785Fair Market Value (FMV)
Total Noncash Contributions14$42,418,711-

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,499,742
Revenue Not Reported on Financial Statements
$8,971
Revenue Not Reported on Form 990
$323,094
Total Revenue per Audited Statements
$43,822,836
Total Revenue per Form 990
$43,508,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$697,603
Salaries, Compensation, and Employee Benefits$178,581
Other Expenses$175,304
Total Fundraising Expense$8,461
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$697,603--$697,603
Other Salaries and Wages$74,541$6,700$2,512$83,753
Current Officers, Directors, Trustees, and Key Employees$63,412$5,700$2,137$71,249
Office Expenses$30,549$2,746$1,030$34,325
Fees for Services Other$14,523$1,305$490$16,318
Occupancy$13,690$1,231$461$15,382
Payroll Taxes$11,129$1,000$375$12,504
Fees for Services Accounting$8,616$775$290$9,681
Pension Plan Contributions$7,245$651$244$8,140
Fees for Services Legal$4,135$372$139$4,646
Information Technology$4,052$364$137$4,553
Depreciation Depletion$3,224$290$109$3,623
Other Expenses$3,192$287$108$3,587
Insurance$2,614$236$87$2,937
Other Employee Benefits$2,612$235$88$2,935
Advertising$1,848$166$62$2,076
Travel$581$52$20$653
Total Functional Expenses$1,020,457$22,570$8,461$1,051,488

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,052,052
Expenses per Audited Statements$1,051,488
Total Expenses per Form 990$1,051,488
Expenses Not Reported on Form 990$564
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Gallatin United WayBozeman, MT-Libary, Fire Fund, & Unrestricted$225,153
Yellowstone Historic CenterW Yellowstone, MT-Rails to Trails$111,000
Big Sky Youth EmpowermentBozeman, MT-Unrestricted Donation$82,700
BridgercareBozeman, MT-Behavioralist & Unrestricted$61,245
HrdcBozeman, MT-Unrestricted Donation$25,325
Crosscut Mountain Sports CentBozeman, MT-Unrestricted Donation$18,000
Trinity ChurchBozeman, MT-A Place to Call Home Building Fund$17,600
Family Promise of Gallatin VaBozeman, MT-Unrestricted Donation$16,875
Gallatin History MuseumBozeman, MT-Unrestricted Donation$11,295
HavenBozeman, MT-Unrestricted Donation$10,700
Cancer Support Community MontBozeman, MT-Unrestricted Donation$10,120
Montana Raptor Conservation CBozeman, MT-Unrestricted Donation$10,000
100 Strong Gallatin ValleyBozeman, MT-Unrestricted Donation$8,000
Women Who Wine IncBozeman, MT-Unrestricted Donation$8,000
Big Sky Community OrganizatioBig Sky, MT-Toward the Community Center$7,500
Roots Family CollaborativeBozeman, MT-Unrestricted Donation$6,350
Eagle Mount BozemanBozeman, MT-Unrestricted Donation$6,300
Reach IncBozeman, MT-Unrestricted Donation$6,256
Gallatin County Love IncBozeman, MT-Unrestricted Donation$6,250
The Help CenterBozeman, MT-Unrestricted Donation$6,167
Forward Montana FoundationMissoula, MT-Unrestricted Donation$6,040
Bozeman Public Library FoundaBozeman, MT-Unrestricted Donation$5,925
Compassion ProjectBozeman, MT-Unrestricted Donation$5,914
The Salvation ArmyBozeman, MT-Covid Response Meal Program$5,833
Thrive IncBozeman, MT-Unrestricted Donation$5,600
Emerson Cultural Center IncBozeman, MT-Unrestricted Donation$5,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$564
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$238,920
Payable to Agencies$95,548
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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, Part VI, Line 11B: Form 990 Review Process

A copy of form 990 was provided to each board member for review.

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

Annually, board and staff sign conflict of interest disclosure statements. Additionally, board members are asked to disclose at each board meeting if they have a conflict of interest with an agenda item.

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

Compensation of the executive director is the responsibility of the executive committee. They review the executive director through a written and verbal review and the executive director completes a self-evalaution. Outisde information regarding salaries paid by similiar organizations is evalauted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
One Valley Community Foundation
EIN
81-0519514
Phone
4065876262
Address
1627 W Main St Box 404, BOZEMAN, MT 59718

Signing Officer

Name
Lisa Prunty
Title
Treasurer
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Mt
Voting Board Members
11
Independent Board Members
11
Employees
5
Volunteers
3

Preparer

Firm
Rudd & Company PLLC
Address
3805 Valley Commons Drive Suite 7, Bozeman, MT 59718
Preparer
Dane Hancock CPA
Phone
4065853393
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: Delivered over 968 hours of free, professional development training to nonprofit leaders, board members, and volunteers through our nonprofit cafe program. At One Valley Community Foundation, we believe that affordable professional development opportunities are essential to the health of the local nonprofit sector. Nonprofit Cafe provides nonprofit leaders free, monthly sessions on a variety of topics, led by local experts and thought leaders! OTHER PROGRAM SERVICES 5: Stewarded giving in times of crisis through funds that are hosted in partnership with Greater Gallatin United Way, such as: Southwest Montana COVID-19 Response Fund to support emergency financial assistance, mental and behavioral health, childcare grants, and emerging needs grants; Bridger Foothills Fire Fund to streamline the allocation of funds to individuals and families impacted by the recent fire and directing support to organizations responding to the immediate emergency and serving the community in the months that followed.

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in value of annuities = -$13169

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising event expenses $564

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
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IRS990/MissionDesc0ONE VALLEY'S MISSION IS TO CONNECT PEOPLE WHO CARE TO CAUSES THAT MATTER TO BUILD A BETTER COMMUNITY. ONE VALLEY FULFILLS ITS MISSION IN THREE WAYS: (1) STRENGTHENING THE LOCAL NONPROFIT SECTOR THROUGH GRANT FUNDING AND FREE PROFESSIONAL DEVELOPMENT; (2) CONNECTING DONORS TO CAUSES THAT MATTER TO THEM THROUGH CHARITBALE GIVING TOOLS; (3) AND FINALLY BY INSPIRING A CULTURE OF GIVING IN THE COMMUNITY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Helped raise over $1.8 million through 5,782 donors for 195 local nonprofits in Gallatin County through an annual 24-hour day of giving called Give Big Gallatin Valley in May 2020. Leading up to this annual initiative, One Valley Community Foundation hosts free education sessions for nonprofit leadership and board members on fundraising, marketing, and donor engagement best practices.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Stewarded giving in times of crisis through funds that are hosted in partnership with Greater Gallatin United Way, such as: Southwest Montana COVID-19 Response Fund to support emergency financial assistance, mental and behavioral health, childcare grants, and emerging needs grants; Bridger Foothills Fire Fund to streamline the allocation of funds to individuals and families impacted by the recent fire and directing support to organizations responding to the immediate emergency and serving the community in the months that followed.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.3$1.09$21.2$28.3$2.60$30.9
2023Detailed filing. Detailed filing data is available for this year.$27.2$1.85$25.4$3.02$3.43$0.41
2022Detailed filing. Detailed filing data is available for this year.$31.5$1.11$30.4$3.23$3.50$0.27
2021Detailed filing. Detailed filing data is available for this year.$54.6$0.74$53.8$2.06$2.77$0.71
2020Detailed filing. Detailed filing data is available for this year.$44.9$0.41$44.5$43.5$1.05$42.5
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.26$1.38$0.63$0.47$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.22$1.24$0.50$0.39$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.32$0.20$1.12$0.40$0.13$0.26
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.20$0.77$0.37$0.41$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.17$0.72$0.09$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.19$0.71$0.05$0.07$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.20$0.74$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.20$0.74$0.02
2011Summary only. Only limited summary data is available for this year.$0.83$0.21$0.62$0.08$0.01$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.31$0.55$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $25M-$50M nonprofits