Northern Rocky Mountain Economic Development District
- Assets
- $616.3k
- Revenue
- $329.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Bozeman, MT
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 26-0281964
Organization Overview
Northern Rocky Mountain Economic Development District is located in Bozeman, MT. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Northern Rocky Mountain Economic Development District employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Rocky Mountain Economic Development District is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Northern Rocky Mountain Economic Development District generated $329.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $331.0k during the year ending 12/2023. While expenses have increased by 17.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT IN GALLATIN, PARK AND MADISON COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NRMEDD ACCOMPLISHMENTS FOR 2023 INCLUDE:1. AFTER LAUNCHING THE SOUTHWEST MONTANA MANUFACTURING PARTNERSHIP IN 2022, NRMEDD HAS CONTINUED TO SUPPORT AND CREATE MANUFACTURING COLLABORATIONS WITHIN THE REGION. 2. NRMEDD CONTINUED SUPPORTING REGION-WIDE CHILDCARE BY LEADING THE CHILD TASK FORCE THROUGHOUT GALLATIN COUNTY. THIS GROUP OF STAKEHOLDERS FOCUSED ON ADVANCING CHILDCARE BY INCREASING ITS AVAILABILITY AND AFFORDABILITY THROUGHOUT THE REGION.A. NOTEWORTHY EFFORTS INCLUDE THE BIG SKY CHILDCARE NEEDS ASSESSMENT REPORT.3. NRMEDD CONTINUED SUPPORTING INITIATIVES THAT ADVANCE THE DEVELOPMENT OF THE QUANTUM INDUSTRY THROUGHOUT MONTANA, INCLUDING SUPPORTING MSU IN VARIOUS GRANT APPLICATIONS TO FUND THIS WORK.4. NRMEDD COMPLETED AN ECONOMIC IMPACT ANALYSIS FOR THE BIG SKY COMMUNITY.5. NRMEDD PROVIDED TECHNICAL EXPERTISE, COMMUNITY COORDINATION, AND ONGOING BUSINESS SUPPORT TO THE COMMUNITIES THROUGHOUT PARK COUNTY IN RESPONSE TO THE HISTORIC FLOODING THAT CLOSED YELLOWSTONE NATIONAL PARK.A. IT IS WORTH NOTING THAT NRMEDD HAS FORMED A COLLABORATION WITH OTHER NON-PROFITS AND STAKEHOLDERS IN PARK COUNTY TO APPLY FOR AN EDA DISASTER RECOVERY GRANT. WORK ON THIS IS ONGOING. 6. NRMEDD BEGAN AND COMPLETED THE COMMUNITY ECONOMIC DEVELOPMENT STRATEGY PROCESS BY ENGAGING STAKEHOLDER GROUPS THROUGHOUT GALLATIN AND PARK COUNTIES AND DEVELOPING A FIVE YEAR STRATEGIC PLAN FOR THE TWO COUNTY DISTRICT.7. NRMEDD BEGAN TO REVAMP ITS REVOLVING LOAN PLAN (RLF) TO SUPPORT LOCAL BUSINESSES IN GAP FINANCING.8. NRMEDD HAS COLLABORATED WITH MADISON COUNTY TO CREATE AND SUPPORT A HOUSING COORDINATOR POSITION TO ADDRESS COMMUNITY HOUSING NEEDS. 9. NRMEDD PROVIDED TECHNICAL SUPPORT IN PARTNERSHIP WITH GALLATIN COUNTY TO FACILITATE THE DEVELOPMENT OF RESIDENT OWNED COMMUNITIES, SEEKING TO PRESERVE MOBILE HOME PARKS AS A MEANS OF AFFORDABLE HOUSING. 10. NRMEDD PROVIDED ONGOING TECHNICAL SUPPORT AS NEEDS AROSE THROUGHOUT MADISON, GALLATIN, AND PARK COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline E Haines Executive Dir. | Officer | 40 | $82,500 |
Ted Barkley Member | Trustee | 5 | $0 |
Daniel Bierschwale Member | Trustee | 0.5 | $0 |
Jennifer Boyer Member | Trustee | 2 | $0 |
Manny Goetz Member | Trustee | 0.5 | $0 |
Stephanie Gray Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,485 |
| Total Program Service Revenue | $172,000 |
| Investment income | $12,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,466 |
| Compensation of current officers, directors, key employees. | $44,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27 |
| Fees for services: Accounting | $13,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,190 |
| Advertising and promotion | $4,836 |
| Office expenses | $4,891 |
| Information technology | $565 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,172 |
| All other expenses | $0 |
| Total functional expenses | $331,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,933 |
| Savings and temporary cash investments | $601,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $616,254 |
| Accounts payable and accrued expenses | $1,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,513 |
| Total liabilities | $36,747 |
| Net assets without donor restrictions | $919 |
| Net assets with donor restrictions | $578,588 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $616,254 |