Overview
What is Billings Catholic Schools Foundation?
The Billings Catholic Schools Foundation is a nonprofit organization situated in Billings, Montana, specifically at 215 N 31ST STREET. Its primary mission is to support and enrich the Billings Catholic Schools. This is achieved through various means, including scholarships and distributions. Significant financial contributions come from the Billings Area Catholic Education Trust, Mayfair Fundraiser, Annual Fund, Tuition Assistance, Projects, Elevator, Porter Endowment, Special Events, and the Duffner Endowment. These funds contribute to the overall operations and expenses of the foundation, including depreciation related to a new school building. The foundation's activities aim to ensure the financial stability and support of the Billings Catholic Schools, ultimately fostering their continued success.
Official website here: www.billingscatholicschoolsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Billings Catholic Schools Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. With a perfect score in several key areas, including independent board membership and financial oversight, the foundation demonstrates a strong commitment to transparency and effective governance. Its fiscal responsibility is highlighted by a program expense ratio of 84.05%, indicating that the majority of its funds are directed towards fulfilling its mission.
The foundation benefits from a robust structure, with a fully independent board of directors and thorough policies in place, such as conflict of interest and whistleblower protections. This level of governance not only assures donors of prudent management but also enhances the organization's credibility in the community it serves. Additionally, the foundation has shown no material diversion of assets and maintains a healthy liabilities to assets ratio, further supporting its financial stability.
While the organization appears to be performing exceptionally well in its financial operations and governance practices, no specific user feedback or reviews were noted in the data provided. Overall, the Billings Catholic Schools Foundation stands out as a trustworthy nonprofit, effectively utilizing its resources to support its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Billings Catholic Schools Foundation legitimate?
Billings Catholic Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Billings Catholic Schools 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,787
For more financial information, click here
Official website here: www.billingscatholicschoolsfoundation.org
What is the mission statement of Billings Catholic Schools Foundation?
The Billings Catholic Schools Foundation (BCSF) is committed to fostering the continued success and enrichment of the Billings Catholic Schools. To achieve this, the foundation provides and increases an endowment, overseeing all fundraising efforts to ensure both short-term and long-term financial stability and support. Their activities include distributing scholarships and funds to the Billings Catholic Schools in various forms, such as from the Billings Area Catholic Education Trust, Mayfair Fundraiser, and Annual Fund. They also offer financial assistance through tuition assistance and project funding. The BCSF manages other endowments, like the Porter Endowment, and organizes special events to raise funds. Their total program expenses include expenses related to the new school built, such as depreciation.
Official website here: www.billingscatholicschoolsfoundation.org
Who is the CEO of Billings Catholic Schools Foundation?
Adam Liberty is the Board Chairman of Billings Catholic Schools Foundation.
Official website here: www.billingscatholicschoolsfoundation.org
What is the revenue of Billings Catholic Schools Foundation?
Billings Catholic Schools Foundation's revenue in 2022 was $3,254,713.
Official website here: www.billingscatholicschoolsfoundation.org
Who are the executives of Billings Catholic Schools Foundation and what are their salaries?
Here are 19 key members and their salaries:
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- Compensation: $74,765
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- Other: $22,420
Official website here: www.billingscatholicschoolsfoundation.org
Where can I find the form 990 for Billings Catholic Schools Foundation?
Billings Catholic Schools Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.billingscatholicschoolsfoundation.org
Learn more at the official website: www.billingscatholicschoolsfoundation.org
Mission Statement of Billings Catholic Schools Foundation
The Billings Catholic Schools Foundation, abbreviated as BCSF, is committed to fostering the continued success and enrichment of the Billings Catholic Schools. This mission-driven organization is dedicated to providing and increasing an endowment, overseeing all fundraising efforts, and ensuring long-term and short-term financial stability and support for these schools.
In pursuit of this mission, the BCSF has various sources of funding, including contributions from the Billings Area Catholic Education Trust, the Mayfair Fundraiser, the Annual Fund, tuition assistance, and project funds, among others. The foundation has also received significant support from various donors, such as the Porter Endowment and the Duffner Endowment. Furthermore, the BCSF has incurred various expenses, including depreciation related to the construction of a new school, which totals over half a million dollars.
The BCSF's activities are not limited to financial support. They also distribute scholarships to the Billings Catholic Schools, contributing a substantial amount to their overall budget. These efforts aim to ensure the schools' long-term financial stability and support, thereby enriching the educational experience for students and contributing to their continued success.
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Impact
July, 2024
The Billings Catholic Schools Foundation plays a crucial role in ensuring the continued success and enrichment of the Billings Catholic Schools. By providing scholarships, distributions, and various forms of financial support, the foundation significantly contributes to the accessibility of quality education for students. With a strong focus on fundraising efforts and the management of endowments, the foundation plays a pivotal role in maintaining the financial stability of the schools in the long term. This direct impact helps sustain the educational programs, facilities, and resources necessary for the growth and development of the students within the Billings Catholic Schools system.
This information is meant to be a general summary of Billings Catholic Schools Foundation. 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: $1,179,809
- Gross Receipts: $8,354,381
Assets and Liabilities:
- Total Assets: $33,019,043
- Total Liabilities: $255,409
- Net Assets: $32,763,634
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Organization Details
Founding Year
2007
Phone
(406) 252-0252Principal Officer
Adam Liberty
Main Address
215 N 31ST STREET, BILLINGS, MT, 59101
NTEE Category
Code: B12 - Education
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