Overview
What is Billings Depot Inc?
Billings Depot Inc is a nonprofit organization situated in Billings, Montana, specifically at 2310 Montana Avenue. Their primary mission is to contribute to the restoration and preservation of the historic train depot in the city. To accomplish this goal, they entered into an agreement with the City of Billings, taking on the responsibility for the rehabilitation, maintenance costs, and rental of the depot facility. The organization's objectives also include preserving and revitalizing the depot and Montana Avenue. With a dedicated workforce of 18 individuals, Billings Depot Inc strives to uphold the historic charm of this significant landmark in the city.
Official website here: www.billingsdepot.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Billings Depot Inc has shown a strong performance in terms of accountability and finance, achieving an overall score of 81%. This rating is primarily based on the charity’s adherence to transparency and governance best practices. The organization boasts a fully independent board, which has received full points across various governance metrics, indicating a robust commitment to ethical standards.
The charity demonstrates financial stability with a low liabilities-to-assets ratio of 28.71% and impressively allocates 93.62% of its expenses toward programs. This indicates that a significant majority of their financial resources are being directed towards fulfilling their mission, rather than administrative costs.
Despite its favorable ranking, the charity's score is based solely on accountability and finance metrics, leaving out other areas such as impact or program effectiveness. Potential donors may want to look for additional information on the outcomes of their programs before making a contribution.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Billings Depot Inc?
94% of 62 reviewers on Facebook recommend Billings Depot Inc. Here’s a brief overview of their experiences:
Many patrons highlight the venue's historic charm, making it an attractive choice for weddings and events. Reviewers appreciate the staff's friendliness and expertise, noting that they play a crucial role in ensuring a smooth process for those planning their special occasions.
Overall, there is a strong sense of satisfaction among users regarding the services provided. The combination of a beautiful setting and helpful personnel seems to resonate well with those who have had the opportunity to host or attend events at this location.
This AI summary has been generated from reviews found on Facebook.
Is Billings Depot Inc legitimate?
Billings Depot Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Billings Depot Inc 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: $92,911
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,193
For more financial information, click here
Official website here: www.billingsdepot.org
What is the mission statement of Billings Depot Inc?
Billings Depot Inc was established with the objective of aiding the city of Billings in restoring and preserving its historic train depot. To accomplish this, Billings Depot Inc entered into a contract with the city, assuming the responsibilities for rehabilitating, maintaining the associated costs, and managing the rental of the historic depot facility. The organization's primary goal is to preserve and revitalize the depot and Montana Avenue, contributing to the overall upkeep and enhancement of the city's historical landmark.
Official website here: www.billingsdepot.org
Who is the CEO of Billings Depot Inc?
John Reas is the Executive Dir. of Billings Depot Inc.
Official website here: www.billingsdepot.org
What is the revenue of Billings Depot Inc?
Billings Depot Inc's revenue in 2021 was $559,343.
Official website here: www.billingsdepot.org
Who are the executives of Billings Depot Inc and what are their salaries?
The average compensation at Billings Depot Inc during 2021 was $13,117. There are 18 employees at Billings Depot Inc.
Here are 20 key members and their salaries:
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Official website here: www.billingsdepot.org
Where can I find the form 990 for Billings Depot Inc?
Billings Depot Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.billingsdepot.org
Learn more at the official website: www.billingsdepot.org
Mission Statement of Billings Depot Inc
Billings Depot Inc, a nonprofit organization, was established with the primary objective of aiding the city of Billings in the restoration and preservation of its historic train depot. The organization's mission is twofold: firstly, to rehabilitate the depot facility to its original glory, ensuring its structural integrity and maintaining the associated costs. Secondly, Billings Depot Inc is responsible for renting out the restored depot, while simultaneously preserving and revitalizing the historic site and its surrounding Montana Avenue. This mission is a testament to the organization's dedication to honoring the city's past while also contributing to its future development.
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Impact
July, 2024
Billings Depot Inc, through its mission of assisting the city of Billings in the restoration and preservation of the historic train depot, has had a significant impact on the cultural heritage and community development of the city. By undertaking the restoration and maintenance of the depot facility, this organization has played a crucial role in preserving an important historical site for future generations. Additionally, by making the depot available for rental and events, Billings Depot Inc has provided a space for community gatherings, arts events, and cultural activities, thereby enhancing the local arts scene and promoting civic engagement. Overall, the work of Billings Depot Inc has contributed to the revitalization of Montana Avenue and the preservation of Billings' unique history.
This information is meant to be a general summary of Billings Depot Inc. 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 2021.
- Investment Income: $979
- Program Service Revenue: $483,577
- Gross Receipts: $637,264
Assets and Liabilities:
- Total Assets: $2,400,537
- Total Liabilities: $689,209
- Net Assets: $1,711,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITIES RENTAL
Revenue
$483,577
Organization Details
Founding Year
1994
Phone
(406) 656-7273Principal Officer
John Reas
Main Address
2310 MONTANA AVENUE, BILLINGS, MT, 59101
Website
www.billingsdepot.orgNTEE Category
Code: A800 - Arts
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