Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $60K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Lauren Wright | — | — | $76,737 | $76,737 | $55,000 | $51,458 |
| Zachary Terakedis | $60,000 | $22,386 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Manages endowment funds to boost community charities and donor capacity in Billings.
Questions for Billings Community Foundation
Your first name shows with your question. Billings Community Foundation answers here, for everyone.
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Grantmaking
The foundation administers the receipt of charitable assets through a variety of charitable giving tools, such as donor advised funds, permanent endowments, charitable gift annuities, charitable remainder trusts, and charitable lead trusts, for the purpose of making grants to various nonprofits.
Community Leadership
Provide networking and education events for local non-profits and donors; offer equipped office and desk spaces for temporary or monthly rental; provide conference room and event space for community gatherings.
Yellowstone Valley Gives
Host 2-DAY community event to raise online donations for 100 separate community nonprofits in yellowstone valley through an annual day of giving. Includes pre-event training for nonprofit leaders on fundraising, marketing, and donor engagement best practices.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $369K | $466K |
| InvestmentsLn 11–13 | $9.1M | $10.1M |
| Land, buildings, equipmentLn 10c | $924K | $872K |
| Total assetsLn 16 | $10.4M | $11.4M |
| LiabilitiesLn 26 | $546K | $501K |
| Net assetsLn 32 | $9.9M | $10.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $836K | $836K | ||
| Pay of current officers, directors and key staffLn 5 | $60K | $15K | $36K | $9K |
| Other salaries and wagesLn 7 | $67K | $17K | $40K | $10K |
| Payroll taxesLn 10 | $14K | $4K | $8K | $2K |
| Accounting feesLn 11c | $9K | $9K | ||
| Investment management feesLn 11f | $48K | $48K | ||
| Other fees for servicesLn 11g | $3K | $3K | ||
| Advertising and promotionLn 12 | $19K | $2K | $9K | $9K |
| Office expensesLn 13 | $2K | $499 | $2K | |
| Information technologyLn 14 | $15K | $2K | $13K | $425 |
| OccupancyLn 16 | $56K | $55K | $577 | |
| Conferences, conventions and meetingsLn 19 | $807 | $210 | $597 | |
| InterestLn 20 | $8K | $8K | ||
| Depreciation, depletion and amortizationLn 22 | $52K | $51K | $1K | |
| InsuranceLn 23 | $6K | $5K | $935 | |
| Other expenses (24a–d)Ln 24 | $6K | $3K | $3K | |
| Total functional expensesLn 25 | $1.2M | $1.0M | $135K | $30K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $2.0M | $1.2M | $756K | $10.9M | 990 PDF |
| FY2024 | $1.3M | $1.1M | $201K | $9.9M | 990 PDF |
| FY2023 | $2.1M | $1.0M | $1.1M | $8.4M | 990 PDF |
| FY2022 | $1.9M | $895K | $981K | $6.8M | 990 PDF |
| FY2021 | $1.9M | $1.0M | $847K | $7.3M | 990 PDF |
| FY2020 | $1.2M | $865K | $383K | $5.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,959,035 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $1,959,035 across 9 lines filed
Part IX · Statement of functional expenses $1,202,999 across 16 lines filed
Part X · Balance sheet $11,446,232 assets, 15 lines filed
Part XI · Reconciliation of net assets $10,945,333 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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