Rural Dynamics Inc
- Assets
- $5.4m
- Revenue
- $763.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Great Falls, MT
- Founding
- 07/1974
- Data as of
- 12/2021
- EIN
- 81-0303443
Organization Overview
Rural Dynamics Inc is located in Great Falls, MT. The organization was established in 1974. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Rural Dynamics Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Dynamics Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rural Dynamics Inc generated $763.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $710.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RURAL DYNAMICS, INC. HELPS PEOPLE ACHIEVE FINANCIAL SECURITY AND PURSUE ECONOMIC OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL DYNAMICS, INC. PROVIDES PERSONAL FINANCE ASSISTANCE THROUGH TRUST FUND ACTIVITY FOR 224 CLIENTS, FINANCIAL EDUCATION AND COUNSELING TO 405 CLIENTS AND PREPARED 4,867 TAX RETURNS WHICH RETURNED $8.9 MILLION DOLLARS TO MONTANA TAXPAYERS THROUGH THE TAX HELP MONTANA PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Thomas Jacobson Executive Director | Officer | 40 | $26,209 |
John Doran Vice Chair | OfficerTrustee | 1 | $0 |
Molly Kimmel Chair | OfficerTrustee | 1 | $0 |
Richard T Hollis CFO | Officer | 5 | $0 |
Jennifer Banna Director | Trustee | 1 | $0 |
Shandy Moran Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $379,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,223 |
| Total Program Service Revenue | $132,342 |
| Investment income | $16 |
| 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 | $763,388 |
| 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. | $27,515 |
| Compensation of current officers, directors, key employees. | $27,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,054 |
| Pension plan accruals and contributions | $17,914 |
| Other employee benefits | $44,355 |
| Payroll taxes | $33,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $223 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,316 |
| Fees for services: Other | $1,870 |
| Advertising and promotion | $13,437 |
| Office expenses | $112,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,762 |
| Travel | $24,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,088 |
| Insurance | $4,258 |
| All other expenses | $0 |
| Total functional expenses | $710,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,993 |
| Savings and temporary cash investments | $403,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $364,849 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,900 |
| Net Land, buildings, and equipment | $24,167 |
| Investments—publicly traded securities | $1,362,616 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,839,739 |
| Total assets | $5,435,285 |
| Accounts payable and accrued expenses | $178,568 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,130,976 |
| 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 | $2,839,739 |
| Total liabilities | $5,149,283 |
| Net assets without donor restrictions | $286,002 |
| Net assets with donor restrictions | $0 |
| 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 | $5,435,285 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rural Dynamics Inc has recieved totaling $51,109.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $40,000 |
World Wildlife Fund Inc Washington, DC PURPOSE: CONSERVATION | $11,104 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Debt Reduction Services Inc Boise, ID | $2,051,232 | $3,505,224 |
Allen Credit & Debt Counseling Agency Wolsey, SD | $408,689 | $1,340,879 |
Black Hills Childrens Ranch Inc Rapid City, SD | $795,827 | $1,321,713 |
Family Financial Education Foundation Evanston, WY | $2,580,776 | $1,346,527 |
Rural Dynamics Inc Great Falls, MT | $5,435,285 | $763,388 |
Rushmore Consumer Credit Resource Center Rapid City, SD | $1,176,938 | $416,877 |
Blue Federal Credit Union Foundation Cheyenne, WY | $298,643 | $343,645 |
Montana Credit Unions For Community Development Helena, MT | $433,812 | $137,048 |
Financial Advocates Of Southeast Idaho Inc Ammon, ID | $16,110 | $0 |
Representative Payee Services Inc Ethan, SD | $1,081 | $0 |
Benefit Payment Services Inc Mitchell, SD | $3,830 | $0 |
Toms Payee Service Inc Sheridan, WY | $202 | $0 |