Billings Trailnet FY2022 filing

Tax-deductible

Billings, MT501(c)(3)EnvironmentEIN 81-0538394Revenue $423K in FY2022

On file with the IRSbillingstrailnet.orgPo Box 2416, 59103-2416 · Billings, MTTax-exempt since May 2002Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

To promote a complete, community-wide trail system

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
5 of 5
filings with a surplus
Average surplus $140K a year · 41% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
51 mo
of spending, in cash
Looks good: 51.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $55K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$423K
+50% vs prior year
Spent
$171K
To programs
66%
Net assets
$708K
By yearFY2020–FY2024
Revenue
$423K
FY2022▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$263K
FY2021$282K
FY2022$423K
FY2023$365K
FY2024$378K
Expenses
$171K
FY2022▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$223K
FY2021$241K
FY2022$171K
FY2023$197K
FY2024$182K
Net assets
$708K
FY2022▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2020$413K
FY2021$453K
FY2022$708K
FY2023$890K
FY2024$1.1M

From the FY2022 Form 990 · see the original

Give Claim
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 May 2002.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $113K Management & general 33% · $57K Fundraising 0% · $416

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

12 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,346Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Kristi Drake’s $72K as Executive Dir. is at the 54th percentile of top reported officer pay among 1989 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristi Drake$72,108$71,503$60,346$52,075$50,803

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.

See Billings Trailnet executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Builds and maintains a connected network of trails for everyone in the community.

Questions for Billings Trailnet

Tap to ask. Billings Trailnet sees how many people are interested.

Your first name shows with your question. Billings Trailnet answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $113K · in their own filed words · FY2022
01

A grass-roots organization that supports urban trails in and around the billings community. Our organization increases awareness and encourages use of the trails in our community, and raises money to use as matching funds for trails.

$113Kprogram 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
See all 5 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$423K
Ln 12
Gifts and grantsLn 1h$386K
Other incomeLn 4–11$32K
Investment incomeLn 3$6K
Money outPt IX
$171K
Ln 25
Programscol B$113K
Managementcol C$57K
Fundraisingcol D$416
Owns and owesPt X
$708K
net assets · Ln 32
Cash and savingsLn 1–2$728K
Total assetsLn 16$728K
LiabilitiesLn 26$20K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$386K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$83K
Investment incomeLn 3$6K
Other incomeLn 4–11$32K
Gains on assetsLn 7$5K
Total revenueLn 12$423K
Assets in detailPt X, end of year
CashLn 1$51K
SavingsLn 2$677K
Cash and savings togetherLn 1–2$728K
Land, buildings, equipmentLn 10c$231
Total assetsLn 16$728K
LiabilitiesLn 26$20K
Net assetsLn 32$708K
OperationsPt I, VI
EmployeesI 52
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$463K$728K
Land, buildings, equipmentLn 10c$554$231
Total assetsLn 16$463K$728K
LiabilitiesLn 26$10K$20K
Net assetsLn 32$453K$708K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$36K$24K
Other salaries and wagesLn 7$50K$50K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$9K$6K$3K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$3K$3K$26
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$8K$2K$6K
OccupancyLn 16$618$74$544
TravelLn 17$3K$2K$1K
Conferences, conventions and meetingsLn 19$1K$540$540
Depreciation, depletion and amortizationLn 22$323$323
InsuranceLn 23$3K$272$2K
Other expenses (24a–d)Ln 24$10K$2K$8K$416
Total functional expensesLn 25$171K$113K$57K$416

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $378K$182K$196K$1.1M 990 PDF
FY2023 $365K$197K$167K$890K 990 PDF
FY2022 Viewing $423K$171K$252K$708K 990 PDF
FY2021 $282K$241K$41K$453K 990 PDF
FY2020 $263K$223K$41K$413K 990 PDF

More to add? Claim this org

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 $423,065 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $270,909$385,653
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,444$5,900
I-11 Other revenuePrior year $9,739$31,512
I-12 Total revenuePrior year $282,092$423,065
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 $119,745$128,244
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $121,507$42,467
I-18 Total expensesPrior year $241,252$170,711
I-19 Revenue less expensesPrior year $40,840$252,354
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $423,065 across 10 lines filed
Lines not itemized here account for $2,549 of total revenue; see the IRS return.
VIII-1b Membership dues$79,625
VIII-1c Fundraising events$82,594
VIII-1f All other contributions, gifts and grants$223,434
VIII-1g Noncash contributions (included above)$2,200
VIII-1h Total contributions, gifts and grants$385,653
VIII-3 Investment incomeExcluded from tax $1,076$1,076
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,824$4,824
VIII-8 Net income from fundraising eventsExcluded from tax $27,453$27,453
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,510$1,510
VIII-12 Total revenueRelated to mission $1,510 · Unrelated business $0 · Excluded from tax $35,902$423,065
Part IX · Statement of functional expenses $170,711 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,208 · Management $24,138$60,346
IX-7 Other salaries and wagesPrograms $50,444$50,444
IX-9 Other employee benefitsManagement $8,220$8,220
IX-10 Payroll taxesPrograms $6,464 · Management $2,770$9,234
IX-11c Accounting feesManagement $3,483$3,483
IX-11g Other fees for servicesPrograms $2,604 · Management $26$2,630
IX-12 Advertising and promotionPrograms $10,652$10,652
IX-13 Office expensesPrograms $2,453 · Management $5,725$8,178
IX-16 OccupancyPrograms $74 · Management $544$618
IX-17 TravelPrograms $1,650 · Management $1,100$2,750
IX-19 Conferences, conventions and meetingsPrograms $540 · Management $540$1,080
IX-22 Depreciation, depletion and amortizationPrograms $323$323
IX-23 InsurancePrograms $272 · Management $2,451$2,723
IX-24 Other expenses (24a–d)Programs $1,814 · Management $7,800 · Fundraising $416$10,030
IX-25 Total functional expensesPrograms $113,498 · Management $56,797 · Fundraising $416$170,711
Part X · Balance sheet $727,763 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $231,183$50,935
X-2 Savings and temporary cash investmentsStart of year $231,387$676,597
X-10c Land, buildings and equipment, netStart of year $554$231
X-16 Total assetsStart of year $463,124$727,763
X-17 Accounts payable and accrued expensesStart of year $10,225$20,182
X-26 Total liabilitiesStart of year $10,225$20,182
X-27 Net assets without donor restrictionsStart of year $452,899$707,581
X-32 Total net assets or fund balancesStart of year $452,899$707,581
X-33 Total liabilities and net assetsStart of year $463,124$727,763
Part XI · Reconciliation of net assets $707,581 net assets at year end
XI-1 Total revenue$423,065
XI-2 Total expenses$170,711
XI-3 Revenue less expenses$252,354
XI-4 Net assets at start of year$452,899
XI-5 Net unrealized gains (losses) on investments$2,328
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$707,581

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.