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Sbca Foundation and Endowment FY2022 filing

Tax-deductible

Billings, MT501(c)(3)Science & TechnologyEIN 39-2038888Revenue $550K in FY2022

On file with the IRSsbca.foundation848 Main St Ste 10 Pmb No234, 59105-3362 · Billings, MTTax-exempt since Oct 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Giving back to our community through philanthropic avenues to improve housing-related opportunities for the disadvantaged.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $1.1M a year · 95% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
608 mo
of spending, in cash
Looks good: 607.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
Spent
$6K
To programs
0%
Net assets
$559K
By yearFY2022–FY2024
Revenue
$550K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$550K
FY2023$2.4M
FY2024$525K
Expenses
$6K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$6K
FY2023$117K
FY2024$39K
Net assets
$559K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$559K
FY2023$2.9M
FY2024$3.4M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $6K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Gene Frogale
President
$0Pt VII · Sec A
Jeff Taake
President Elect/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael L Ruede
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sbca Foundation and Endowment executive salaries →

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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

Improves housing opportunities for the disadvantaged through community philanthropy.

Questions for Sbca Foundation and Endowment

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Provided by the organization

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1 program · in their own filed words · FY2022
01

The sbca foundation enables sbca chapters, companies, and individuals to give back to the industry.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 1 grant · $28K · 2024–2024
Unitemized GrantFY2024$27,615

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$550K
Ln 12
Gifts and grantsLn 1h$550K
Money outPt IX
$6K
Ln 25
Managementcol C$6K
Owns and owesPt X
$559K
net assets · Ln 32
Cash and savingsLn 1–2$309K
Total assetsLn 16$559K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$550K
Total revenueLn 12$550K
Assets in detailPt X, end of year
CashLn 1$309K
Cash and savings togetherLn 1–2$309K
Total assetsLn 16$559K
LiabilitiesLn 26$0
Net assetsLn 32$559K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$15K$309K
Total assetsLn 16$15K$559K
LiabilitiesLn 26$0$0
Net assetsLn 32$15K$559K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$6K$6K
Other expenses (24a–d)Ln 24$171$171
Total functional expensesLn 25$6K$0$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $525K$39K$485K$3.4M 990 PDF
FY2023 $2.4M$117K$2.3M$2.9M 990 PDF
FY2022 Viewing $550K$6K$544K$559K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $550,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$550,108
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$550,108
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$6,098
I-18 Total expensesPrior year $0$6,098
I-19 Revenue less expensesPrior year $0$544,010
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $550,108 across 3 lines filed
VIII-1f All other contributions, gifts and grants$550,108
VIII-1h Total contributions, gifts and grants$550,108
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$550,108
Part IX · Statement of functional expenses $6,098 across 2 lines filed
IX-11b Legal feesManagement $5,927$5,927
IX-24 Other expenses (24a–d)Management $171$171
IX-25 Total functional expensesPrograms $0 · Management $6,098 · Fundraising $0$6,098
Part X · Balance sheet $558,781 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $14,771$308,748
X-4 Accounts receivable$250,033
X-16 Total assetsStart of year $14,771$558,781
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $14,771$558,781
X-32 Total net assets or fund balancesStart of year $14,771$558,781
X-33 Total liabilities and net assetsStart of year $14,771$558,781
Part XI · Reconciliation of net assets $558,781 net assets at year end
XI-1 Total revenue$550,108
XI-2 Total expenses$6,098
XI-3 Revenue less expenses$544,010
XI-4 Net assets at start of year$14,771
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$558,781

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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