Visit Big Sky FY2023 filing

Not tax-deductible

Big Sky, MT501(c)(6)Since 2013Community DevelopmentEIN 46-2417912Revenue $1.3M in FY2023

On file with the IRSvisitbigsky.comPo Box 160100, 59716-0100 · Big Sky, MTTax-exempt since Jan 2015

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As the community's official destination management and marketing organization, Visit Big Sky leads the development and promotion of authentic tourism experiences through research and stakeholder collaboration to grow Big sky's economy while balancing the need to sustain quality of life for its residents.

77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 4
filings with a surplus
Average surplus $32K a year · 2% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+4% vs prior year
Spent
$1.6M
To programs
77%
Net assets
$571K
By yearFY2021–FY2024
Revenue
$1.3M
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$1.3M
FY2023$1.3M
FY2024$2.1M
FY2024$1.8M
Expenses
$1.6M
FY2023▲ +73%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$937K
FY2023$1.6M
FY2024$2.2M
FY2024$1.9M
Net assets
$571K
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2021$547K
FY2022$873K
FY2023$571K
FY2024$519K
FY2024$423K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jan 2015.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.2M Management & general 23% · $369K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Sec./Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Visit Big Sky 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 15aNo

Programs and updates

Promotes authentic tourism experiences to grow the economy and sustain resident quality of life.

Questions for Visit Big Sky

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2022
01

Visit Big Sky not only markets the community of Big Sky to outdoor adventurers around the world, but it's focus in 2023 was destination management. The work of our office is to lessen the impact of the visitor economy and find ways to educate our visitors, as well as our residents, on treating Big Sky with respect.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$168K
Other incomeLn 4–11$2K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$369K
Owns and owesPt X
$571K
net assets · Ln 32
Cash and savingsLn 1–2$558K
Total assetsLn 16$583K
LiabilitiesLn 26$12K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$168K
Investment incomeLn 3$17
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$558K
SavingsLn 2$0
Cash and savings togetherLn 1–2$558K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$583K
LiabilitiesLn 26$12K
Net assetsLn 32$571K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$828K$558K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$904K$583K
LiabilitiesLn 26$30K$12K
Net assetsLn 32$873K$571K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$510K$156K$355K
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$140K$140K
Advertising and promotionLn 12$614K$614K
Office expensesLn 13$5K$5K
Information technologyLn 14$16K$16K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$43K$43K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$180
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$280K$280K
All other expensesLn 24e$0
Total functional expensesLn 25$1.6M$1.2M$369K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.1M$2.2M−$52K$519K 990 PDF
FY2023 Viewing $1.3M$1.6M−$302K$571K 990 PDF
FY2022 $1.3M$937K$328K$873K 990 PDF
FY2021 $1.5M$1.3M$154K$547K 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 FY2023 990 (6 parts)
Part I · Summary $1,316,926 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,240,597$1,147,072
I-9 Program service revenuePrior year $22,500$168,246
I-10 Investment incomePrior year $13$17
I-11 Other revenuePrior year $1,960$1,591
I-12 Total revenuePrior year $1,265,070$1,316,926
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $937,160$1,619,014
I-18 Total expensesPrior year $937,160$1,619,014
I-19 Revenue less expensesPrior year $327,910−$302,088
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,316,926 across 10 lines filed
VIII-1e Government grants$1,147,072
VIII-1h Total contributions, gifts and grants$1,147,072
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,246$168,246
VIII-3 Investment incomeExcluded from tax $17$17
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,591$1,591
VIII-12 Total revenueRelated to mission $169,837 · Excluded from tax $17$1,316,926
Part IX · Statement of functional expenses $1,619,014 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $155,523 · Management $354,583$510,106
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,850$7,850
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $140,408$140,408
IX-12 Advertising and promotionPrograms $614,065$614,065
IX-13 Office expensesManagement $4,726$4,726
IX-14 Information technologyPrograms $16,392$16,392
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $43,322$43,322
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$180
IX-23 InsuranceManagement $2,301$2,301
IX-24 Other expenses (24a–d)Programs $279,664$279,664
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,249,374 · Management $369,460 · Fundraising $0$1,619,014
Part X · Balance sheet $583,095 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $828,356$557,639
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $75,428$22,039
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$3,417
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $903,784$583,095
X-25 Other liabilities$11,820
X-26 Total liabilitiesStart of year $30,421$11,820
X-27 Net assets without donor restrictionsStart of year $873,363$571,275
X-32 Total net assets or fund balancesStart of year $873,363$571,275
X-33 Total liabilities and net assetsStart of year $903,784$583,095
Part XI · Reconciliation of net assets $571,275 net assets at year end
XI-1 Total revenue$1,316,926
XI-2 Total expenses$1,619,014
XI-3 Revenue less expenses−$302,088
XI-4 Net assets at start of year$873,363
XI-10 Net assets at end of year$571,275

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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