Montana Economic Revitalization And Development Institute Inc
- Assets
- $2.1m
- Revenue
- $523.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Butte, MT
- Founding
- 04/1976
- Data as of
- 09/2021
- EIN
- 81-0349571
Organization Overview
Montana Economic Revitalization And Development Institute Inc is located in Butte, MT. The organization was established in 1976. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Economic Revitalization And Development Institute 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 09/2021, Montana Economic Revitalization And Development Institute Inc generated $523.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $627.0k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 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
CONDUCT ENERGY RESEARCH & COMMERCIALIZATION FOR TECHNOLOGY TRANSFER & SUPPORT ECONOMIC DEVELOPMENT. SIGNIFICANT ACTIVITIES INCLUDE REHABILITATION OF THE THORNTON BUILDING FOR BUSINESS USE & TO HOUSE A SUPER-COMPUTER; AWARDING SCHOLARSHIP FUNDS TO MONTANA EDUCATIONAL INSTITUTIONS TO SUPPORT ENERGY RESEARCH & ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFORTS TO DEVELOP AND COMMERCIALIZE ENERGY AND WASTE TECHNOLOGY TO INCREASE JOBS IN THE REGION AND RESTORE LAND
REHABILITATE HISTORIC STRUCTURE FOR COMMERICAL USE & DATA CENTER TO SUPPORT ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Rowe President | Officer | 40 | $28,119 |
William Kebe Chairman Of Board | OfficerTrustee | 1 | $0 |
John Cote Director | Trustee | 1 | $0 |
Jim Mcgree Director | Trustee | 1 | $0 |
James Kambich Director | Trustee | 1 | $0 |
Don Peoples Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,711 |
| Total Program Service Revenue | $453,666 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,100 |
| 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. | $49,360 |
| Compensation of current officers, directors, key employees. | $29,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,359 |
| Payroll taxes | $10,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,317 |
| Insurance | $7,664 |
| All other expenses | $6,543 |
| Total functional expenses | $627,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,420 |
| Savings and temporary cash investments | $488,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,332 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,625,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,139,862 |
| Accounts payable and accrued expenses | $28,357 |
| 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 | $1,191,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,219,765 |
| Net assets without donor restrictions | $920,097 |
| 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 | $2,139,862 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Economic Revitalization And Development Institute Inc has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Yellowstone Coalition Inc Bozeman, MT | $17,103,607 | $6,907,411 |
Montana Economic Revitalization And Development Institute Inc Butte, MT | $2,139,862 | $523,914 |
Dakota Lakes Research Farm Pierre, SD | $1,758,786 | $713,338 |
Conservation Economics Institute Inc Twin Falls, ID | $25,686 | $0 |
Chiropractic Biophysics Non Profit Inc Eagle, ID | $132,439 | $0 |
Craighead Beringia South Kelly, WY | $469,184 | $175,299 |