Overview
What is Big Sky Economic Development Corporation?
Big Sky Economic Development Corporation, based in Billings, Montana, serves as a driving force for the city and Yellowstone County's economic growth. Their primary objective is to stimulate and advance the overall welfare of the region, as well as the state of Montana. To achieve this mission, they actively recruit businesses to Billings, contributing to the economic development of the area. Their work is centered around promoting the region's potential and attracting new businesses, thereby enhancing the local economy.
Official website here: www.bigskyeconomicdevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
The Big Sky Economic Development Corporation has received a Three-Star rating from Charity Navigator, indicating a strong performance in Accountability & Finance with an overall score of 88%. The organization notably excels in areas such as board independence and financial oversight, demonstrating a commitment to transparency and responsible management of resources.
The board composition is entirely independent, consisting of 22 members, which is a significant positive aspect. Additionally, the organization scores well in its financial practices, with a program expense ratio of 94.28%, indicating that a large majority of funds are directed toward its programs rather than administrative costs. The absence of material diversions of assets further speaks to its financial integrity.
However, there are areas needing improvement, particularly the lack of a whistleblower policy and a document retention and destruction policy, which are important for safeguarding accountability. Moreover, the absence of tax forms posted on the nonprofit's website may limit public access to important financial information. Addressing these issues could enhance the organization's transparency and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Big Sky Economic Development Corporation legitimate?
Big Sky Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Sky Economic Development Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $48,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $646,883
For more financial information, click here
Official website here: www.bigskyeconomicdevelopment.org
What is the mission statement of Big Sky Economic Development Corporation?
The Big Sky Economic Development Corporation's mission is centered around promoting, stimulating, and enhancing the economic development and general welfare for a broader region. This encompasses areas beyond just Billings and Yellowstone County, extending to the state of Montana as a whole. The corporation's primary objective is to attract businesses to these regions, contributing to overall growth and prosperity.
Official website here: www.bigskyeconomicdevelopment.org
Who is the CEO of Big Sky Economic Development Corporation?
Tami Fleetwood is the Secretary/Treasurer of Big Sky Economic Development Corporation.
Official website here: www.bigskyeconomicdevelopment.org
What is the revenue of Big Sky Economic Development Corporation?
Big Sky Economic Development Corporation's revenue in 2022 was $1,982,472.
Official website here: www.bigskyeconomicdevelopment.org
Who are the executives of Big Sky Economic Development Corporation and what are their salaries?
There 22 volunteers at Big Sky Economic Development Corporation.
Here are 23 key members and their salaries:
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- Related: $150,670
- Other: $28,189
Official website here: www.bigskyeconomicdevelopment.org
Where can I find the form 990 for Big Sky Economic Development Corporation?
Big Sky Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bigskyeconomicdevelopment.org
Learn more at the official website: www.bigskyeconomicdevelopment.org
Mission Statement of Big Sky Economic Development Corporation
Big Sky Economic Development Corporation, a prominent organization, is committed to promoting, stimulating, and advancing the general welfare and economic development in Billings, Yellowstone County, and the state of Montana. Their mission is multifaceted, aiming to attract businesses to Billings and Yellowstone County, thereby contributing to the overall economic growth and development of the specified regions. By recruiting businesses, the corporation seeks to enhance the prosperity and well-being of the communities it serves.
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Impact
October, 2024
Big Sky Economic Development Corporation plays a crucial role in driving economic growth and enhancing the overall well-being of Billings, Yellowstone County, and the state of Montana. By actively recruiting businesses to the area, they stimulate local economies, create job opportunities, and foster a vibrant business environment. Their efforts in promoting and advancing economic development not only benefit the immediate community but also contribute to the broader economic landscape of Montana, positioning the region for sustainable growth and prosperity.
This information is meant to be a general summary of Big Sky Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $44,431
- Program Service Revenue: $599,514
- Gross Receipts: $1,982,472
Assets and Liabilities:
- Total Assets: $3,059,757
- Total Liabilities: $119,927
- Net Assets: $2,939,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEES
Revenue
$599,107
OTHER INCOME
Revenue
$407
Organization Details
Founding Year
2002
Phone
(406) 256-6871Principal Officer
Tami Fleetwood
Main Address
201 N BROADWAY, BILLINGS, MT, 591011948
NTEE Category
Code: S30 - Community improvement
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