ANNUALREPORT2015-16

OUR MISSIONOur mission is to foster the continued success and enrichment of the Billings Catholic Schools, by providing and increasing an endowment and overseeing all fundraising efforts to ensure long and short term financial stability and support.

From the PresidentThank you.  Your gifts have made and will continue to make a dif ference in the lives of hundreds of BCS students each year.  Thanks to our donors, nearly one thousand students can learn in an environment where faith formation, family spirit and academic excellence are valued priorities.  Your gifts make faith-based education possible for children whose families would otherwise be unable to afford this kind of instruction.

Our mission is to continue to foster the growth and success of the Billings Catholic Schools. Because of friends like you: 

• Groundbreaking for the new St. Francis K-8 happened in April of 2016. 

• The new school will be open for students in the fall of 2017.

• Established in 1973, the endowment fund has distributed more than 6 million dollars to the Billings Catholic Schools over the years. This money has provided student scholarships and operating dollars for the Billings Catholic Schools. 

What a 21st century school means for our children:

• Increased security

• A technologically advanced learning environment

• Room for 25% student population growth

• Increased opportunity for individualized instruction

• Faith-based education to more children as our community expands

Our mission continues to drive us forward, and we will continue to work to raise the funds necessary to bring faith-based education to the children and families who seek it.

Every gift counts!  Special thanks to our donors for making a dif ference in our student’s lives every day.

Sincerely,

Janyce HaiderJanyce HaiderBCSF President

Chart

2015-2016 Foundation Distribution to the Billings Catholic Schools $984,720.75

BACET Mayfair Porter Annual Fund Foundation

Annual Fund $35,147

Porter $200,000

Mayfair $277,438

BACET $442,337

Foundation $29,798.75

From the BCSF Board Chair

Thank you for your continued support of the Billings Catholic Schools Foundation. With the generous support of our donors, we are able to enrich the lives of hundreds of children each year.

The mission of the Billings Catholic Schools Foundation is to ensure financial stability and support for the Billings Catholic Schools. The Foundation Board of Directors is responsible for managing the endowment assets, which continue to grow. Since the inception of the endowment in 1973, through donor contributions, Mayfair, and the Annual Fund, the Foundation has been able to contribute over $6 million to help support the ongoing maintenance, annual operating budget, and funding of student scholarships.

The report you are about to review will detail where your donation dollars have made a dif ference in our schools. Our continued success is a result of an engaged Catholic community, our committed donors, parents, and students who choose to support a faith-based education.

It’s an exciting time for our Billings Catholic Schools in Billings! Through the generosity of our community and supporters, after years of planning and work, we are nearing completion of our new K-8 Catholic school. We’re pleased to unite our students, families and faculty into one facility for Kindergarten through 8th grade.

We thank you for your continued support of Billings Catholic Schools and our mission of providing an exceptional education.

Sincerely,

Debbie CharlesDebbie CharlesBCSF Board Chair 2016-2017

Providing Financial StabilityA strong endowment is the defining resource of an organization’s financial soundness. It provides stability and revenue critical for long-range planning and innovation. The endowment is comprised of gifts given with the stipulation that the principle will be permanently invested and a portion of the investment income will be expended to help finance school needs that tuition alone cannot satisfy.

The 20+ members making up the BCSF Board of Directors are committed to protecting the corpus of the endowment fund, being good stewards of the Foundation’s assets, and raising money that will ensure the continuation of Catholic education in Billings. A growing endowment will guarantee more scholarships for students and more funds available to help reduce tuition for families who dream of faith-based education for their children. Since 1975 the endowment alone (BACET) has distributed a total of nearly 6 million dollars to the Billings Catholic Schools.

In 2005, the Foundation was formed to encompass the endowment and serve as the philanthropic arm of the Billings Catholic Schools. Major fundraising is now handled by the Foundation, and the net dollars are then given to the schools. Between the endowment distribution, Mayfair, Annual Giving Campaign, grant writing and special events, the Foundation is responsible for supplying over 1 million dollars annually or nearly 18% of the school’s annual operating budget.

Chart

BACET Distribution to BCS

0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

Scholarship RecipientsThank Generous Donors

Established Endowment FundsGenerous donors have created a legacy of philanthropy by establishing the following endowment funds. Since the funds are held in perpetuity, current and future students will forever benefit from this thoughtful planning.

Barry Birkeland MemorialJeanette Merritt MemorialVicki Davidson Endowed FundDuffner Family ScholarshipGrant & Betty Gainan MemorialHeringer Family ScholarshipBernadette Martin MemorialSt. Vincent Healthcare Mission FundBob Smith Lincoln Mercury ScholarshipStockman Bank Endowed FundFirst Interstate BancSystem EndowmentJim & Rosemary Buckley MemorialClass of 1951Class of 1952Class of 1954Roma McGahan Memorial †Jim Thelen MemorialMonday Tafoya MemorialPatsy Topel MemorialMeta Buller Memorial Library FundBillings Gazette Endowment for

JournalismGunville Fund for – GolfGunville Fund for– SoccerHiram & Velma Ramirez MemorialJohn & Marie Tenge Religious

Education FundDon Christensen Endowed Fund †BCCHS Football Team of 1968 George & Kay Ulrickson Memorial †Francis W. Dixon Memorial †Dan Drake Memorial †Jim Fischer Memorial †Glennon Family ScholarshipMarynell Heringer Memorial †

Luke & Pat Keating Memorial †Katie Moran Memorial †Marietta Palmersheim Memorial †Ann Millikan Memorial †Pat Smith Memorial †Carl & Marietta Soukup Memorial †Marion Rose Stroebe Memorial †Geoff Fishbaugh Memorial †Jef frey Knudson Memorial †Paul Magers Memorial †Suzanne Studer Memorial †John & Roma McGahan Endowed FundFather Steve Tokarski Memorial †Doris Trefny Memorial †Nancy Trefny Memorial †Gilbert & Catherine Rhodes MemorialClass of 2011 & On-ward EndowmentHardy Family MemorialAugustine Family Endowed FundsSister Mary DepnerSister Valerie Endowed Funds †Winchell Family Memorial †Peter & Zellah Yegen Memorial †Fred & Olivia Briggs Memorial †Don Roberts Memorial †O’Reilly Endowment for the SciencesO’Reilly Endowment for the LanguagesSt. Pius Endowment

for Father Steve Tokarski †Noah Keller Memorial †Jeannie Glennon Memorial

† Student Specif ic Scholarships

Our PartnersThank you to all who have supported the Billings Catholic Schools Foundation through generous financial or in-kind gifts between July 1, 2015 – June 30, 2016.

Magic City Granite Co.

Bart Jagodzinski

Janelle Crowley

John & Dallas Pender

John Roberts

Fred Rausch

Mavis Thompson

Travis & Angela Kennedy

Jerry & Shanna Adolph

Dan & Glenda Anderson

Toby O’Rourke

William & Phyllis Ulrickson

Stephen & Patricia Ball

Dan & Julie Kirkpatrick

Deanna J. Thomas

Colleen Meglen

Centsable Accounting, Inc

Greg & Carly Goggins

Hartsook Companies

Jenny Jensen

Richard & M. Rosa Van Luchene

James & Paula Griffin

Kristin Spanjian

Jim & Janice Scott

Cindy Marble

Tom & Jean Jacques

Tory & Christine Roesch

John & Natalie Diekhans

Billings Oral Surgery

Billie Jo Meglen

Jason & Heather Mueller

Joseph & Brooke Rivera

Jeremy Stewart

KTVQ Television

Nathan & Andrea Klein

Ray & Rhonda Rigdon

Zach & Cara Waitman

Environmental Contractors LLC

Herminio & Digna Cabrera

Paul & Suzanne Odegaard

David Hoiness

Greg & Dee Dee Hilton

Odegaard Braukmann Law

James & Bonnie Swenson

Mark & Rita Sevier

Todd & Rita Brown

Stephen & Luann Hanser

Les & Judy Jensen

Travis & Kari Kale

Don & Carol Roberts

Todd & Maggie Vralsted

Bill & Robin Knopf

Jeff & Tricia Martin

Tom Lanciotti

Morgan Stanley

Bill & Barbara Hope

Brandon & Rachelle Busse

Donovan & Tricia Kelly

Scott Chesarek

John & Janie Reiland

Hulteng CCM, Inc.

Steve & Susie Loveless

Gary & Karen Breetz

Marvin & Associates

RC Refrigeration

Steven & Stephanie Bodden

Cottonwood Computers

Prime Staffing, LLC

Joey & Amy Godwin

Jennifer Andrus

Yegen Golf Club

Ferd & Rose Duchesneau

Glen & Dorothy Hertz

Jeff & Mandy Garaas

Paul A. & Jamie Miron

Ronald & Taubi Hecht

Steve Wahrlich

Ed & Elizabeth Greteman

David & Amanda Hill

Slots of Montana

Bruce & Helene Waage

Granite Health & Fitness

Weldon & LuAnn Birdwell

Northwestern Energy

Carina Lange

Tim & Shayla Mascarena

Pat & Sylvia Giblin

Lynnrich, Inc.

Scott & Janelle L. Hanser

Fred & Darcie Huppert

Our Partners continued...

Karell Dyre Haney PLLP

John Bohlinger

Bob & Betty Schuster

Tom Brown

Steven & Pauline Tostenrud

Montana Allergy

Jake & Emily Eaton

Intermountain Distributing Company

Nate & Jeannie Tracy

Dale & Kathy Rumph

Phillips 66

Mark & Kathleen Cohn

Joe & Lia Keller

Gainan’s Flowers

Billings Central High School Graduation Party

Daniel & Pamela Miller

Karen Johnson

Sisters of Charity of Leavenworth

Jeremy & Jessi Sawicki

Clark Marten Photography

Randy & Debbie Reger

Michael & Jacquelyn Ayers

Ron & Jeanne Bender

Dahl Funeral Chapels

Brian & Molly Harrington

Matthew & Hillary Schafer

Larry & Jan Hemmer

Florence Babe Goggins

Michael & Sherril Burke

Ric & Pam Heldt

Pierce Flooring & Design

Justin & Terri Balkenbush

Michelle Friend

Gene Lang & Meg Johnson

Shane & Tiffani Coleman

Chuck Gainan

Dale & Janyce Haider

Matthew & Michelle Braukmann

Jeffrey & Lucy Melugin

James & Elizabeth Ross

Crowley Fleck

Shaun & Kim Harrington

UBS Financial Services Inc.

Michael & Rochelle Stock

Turley Dental Care

Rod & Brittney Souza

Royal & Lynn Caraveau

Carroll College

Tom & Carmelita Scarborough

David & Nancy Rigg

Richard & Cheri Cox

Billings Clinic

HKM Engineering, Inc

Robert & Deborah Keenum

Kirk & Kathryn Johnson

Patrick O’Leary

Timothy & Sarah Friez

A & E Architects

Studer Construction

Bill & Michele Mattix

Tom J. Buller

Alphagraphics

Health & Marketing West

Tim & Mindy Brocopp

Econo Glass Company

Steve & Mary Bolender

Virgil & Dera Blanchard

TradePMR, Inc.

Nathan & Daria Haney

Richard & Linda Cebull

Ron & Amy Yates

Joe Glennon

Paul & Kara Button

Don & Sue Mueller

Diane Nelson

SM Energy

Roger Hermanson

Conlins Furniture

Stephen & Cary Knudson

David & Mary Susan Fishbaugh

Scott & Jennifer Dull

Janet Kirk

Eide Bailly Llp

E Z Money Check Cashing

Ken & Lorraine Tolliver

James & Laurie Elliott

BCSF Capital

Jay & Carol Zygmond

Paul & Patti Gunville

Rocky Mountain College

Maria Christiaens

ACT Heating & Cooling, Inc

Brian & Janette McGovern

Bruco Inc

Alan & Jean Fangsrud

Bob & Frances Ballantyne

360 Office Solutions

Joseph & Christina Apostol

Bi Concrete Design & Fabrication

Kevin & Jacinta Walsh

The Ziegler Family

Ryan & Molly Stevens

Our Partners continued...

Paul & Rhoda Byorth

Billings Alarm Company, Inc

James & Jennifer Mack

Stockman Bank

Carroll and Carole Nelson

George & Patty Selover

Jackline Cox

Carol Brosovich

Bruce & Darlene Ellis

Hanser’s Automotive

Steve & Lorinda Grosso

Bill & Karin Fitzgerald

Yellowstone Bank

Steve & Berni Kuhlmann

J. Mike & Diane Boyett

Stella’s Kitchen & Bakery

Helen Brach Foundation

MDU Resources Foundation

Thomas Kovacs

Chris & Shannon Newbury

Brock & Rebekah Williams

Mattress Land USA

McDonald’s Restaurants

Larry & Claire Chouinard

Robert & Mary Brown

Art & Janice Geiger

Jim & Sandy Almond

Andrew & Miranda Schmitt

Langlas and Associates, Inc.

Ralph & Sharon Hanser

Robert Jim & Mary Anne Nichols

Craig & Darcy Bartholomew

US Bank

Keith & Judy Lavachek

Robert & Elizabeth Wilmouth

Paul & Dona Hagen

Brian & Leslie Corcoran

Clayton & Erin Augustine

Jerry & Bobbi Sawicki

Jim & Christine Harris

Bernie & Lynn Harrington

John & Tracy Newbury

Ralph J. & Cemie Studer

Patrick & Sharon Newbury

William & Amy Brown

Matthew H. Thomas

Tim & Kathy Schruth

Sonja Fair

St Pius X Parish

Kenneth & Sheilah Frazier

Alan & Pamela Muskett

Patricia Roberts

Lawrence & Karen Klee

Patrick & Marilyn Hanley

The Sam & Judy McDonald Foundation

Jeremy & Monica Hauk

Mayfair Auction

St Vincent Hospital Mission Fund

Dick Trefny

Brian & Amy Cebull

Sisters Of Charity / Kansas

Brian & Mary Rah

Michael & Pam Heringer

St. Vincent Healthcare

Roscoe Steel & Culvert Company

Pete & Aggie Bitney

Roger & Nancy Beeter

Jim Ziggy & Stella Ziegler

Bucky & Geri Heringer

Ben & Joei Uselman

First Interstate Bancsystem Foundation

Anonymous

Patrick W. & Carla D. Cobb

First Interstate Bank

Daniel & Connie Merry

J.P. & Mary Kay Byorth

Jean McNally

Greg & Eileen McDonald

Rich & Sally Hall

St Vincent Healthcare

Bair Family Trust, Charles M

Nance Family Foundation Inc.

Ernie & Leanne Dutton

David & Debbie Charles

The Newbury Family

James & Kerry Vincent

Russ & Karen Fagg

Robert & Cindy Beers

Martin Family Foundation

James & Rita Turley

Roman Catholic Bishop / Gergen Trust

Joseph & Kathryn Rude

The Estate of David W. Walter

Robert & Penni Nance

Jim P. & Lin Roscoe

The Fortin Foundation of Florida

ALSAM Foundation

2015-2016 Board of Directors

Clayton Augustine

Mindi Brocopp

Bob Brown

Paul Byorth

Lynn Caraveau

Debbi Charles – Board Chair

Steve Cranston -Treasurer

Jessica Fehr - Vice Chair

Jeremy Hauk

Jared Harris

Tim Mascarena

John Newbury

Bill Mattix

Toby O’Rourke

Matt Schafer

Statements of Financial PositionJune 30, 2016 and 2015

AssetsCurrent Assets Cash and Cash Equivalents 291,211 132,490

Receivables Unconditional Promises to Give 1,585,784 1,226,543 Interest Receivable 29,679 39,549 Other Receivables 15,406 26,729

Total Current Assets 1,922,080 1,425,311

Property and Equipment (Net) 2,564,905 42,101

Investments 14,938,415 16,661,271

Other Investments 47,451 47,451

Bacet Realty, LLC 240,758 220,808

Beneficial Interest in Split-Interest Agreements 1,245,744 1,454,550

Cash Designated for Building Costs 4,601,715 2,409,643

Lont-Term Unconditional Promises to Give 1,409,863 2,999,248

Total Assets 26,971,021 25,257,473

Liabilities and Net AssetsCurrent Liabilities Accounts Payable 11,039 32,497 Accrued Expenses 11,961 11,568 Compensated Absences - 5,366

Total Current Liabilities 23,000 49,431

Deferred Gift Annuities 160,643 172,004

Total Liabilities 183,643 221,435

Net Assets Unrestricted 3,073,762 1,419,999 Temporarily Restricted 7,998,091 7,891,972 Permanently Restricted 15,715,525 15,724,067

Total Net Assets 26,787,378 25,036,038

Total Liabilities and Net Assets 26,971,021 25,257,473

6/30/2016 6/30/2015

A Monumental Year: During the 2015-2016 fiscal year the Billings Catholic Schools Foundation announced the groundbreaking of the new St. Francis K-8 School on the property located at Colton Boulevard and Woody Drive. After years of prayer and hard work, the Foundation and a team of dedicated volunteers and donors were able raise 12 million dollars to break ground on this wonderful project in April of 2016. With construction on time and on budget it was also announced the school will open August 2017.

The school will be new, but the values of the Catholic Schools will remain the same – to provide an education based on faith, family spirit, and academic excellence for its roughly 1000 students. This new school will address a long list of needs including the lack of classroom space due to increasing enrollment, increased safety measures, and the opportunity for state of the art technology. It will eliminate transporting students between buildings for extracurricular classes, be energy efficient, alleviate overcrowding, and provide the schools an opportunity for growth.

As we step into our new building in August of 2017 we bring with us a legacy of faith, family and support from our Billings community. Thank you to all the donors who have generously supported this monumental project.

w w w.billingscatholicschools.org