Anaconda Local Development Corp
- Assets
- $2.6m
- Revenue
- $452.9k
- Investments
- $0.0
- Employees
- 16
- Location
- Anaconda, MT
- Founding
- 06/1982
- Data as of
- 09/2021
- EIN
- 81-0380448
Organization Overview
Anaconda Local Development Corp is located in Anaconda, MT. The organization was established in 1982. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Anaconda Local Development Corp employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anaconda Local Development Corp 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, Anaconda Local Development Corp generated $452.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $306.3k during the year ending 09/2021. While expenses have increased by 4.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN THE CREATION AND RETAINAGE OF JOBS THROUGH ECONOMIC EXPANSION IN THE CITY AND COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT ACTIVITIES IN ANACONDA-DEER LODGE COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Vauthier Executive Director | Officer | 40 | $70,025 |
James Davison CEO | Officer | 40 | $2,065 |
Kaitlin Leary Vice President | OfficerTrustee | 2 | $0 |
Mike Hale President | OfficerTrustee | 2 | $0 |
Kristy Mckay Secretary/tresurer | OfficerTrustee | 2 | $0 |
Kim Jones Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,483 |
| 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 | $306,483 |
| Total Program Service Revenue | $6,500 |
| Investment income | $39,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,007 |
| Net Gain/Loss on Asset Sales | $63,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,869 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $72,819 |
| Other salaries and wages | $91,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,460 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,319 |
| Advertising and promotion | $7,934 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,977 |
| Travel | $361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561 |
| Insurance | $0 |
| All other expenses | $1,152 |
| Total functional expenses | $306,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,925 |
| Savings and temporary cash investments | $25,000 |
| Pledges and grants receivable | $124,739 |
| Accounts receivable, net | $11,511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $945,590 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,340 |
| Net Land, buildings, and equipment | $1,191,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,349 |
| Total assets | $2,603,988 |
| Accounts payable and accrued expenses | $46,702 |
| 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 | $859,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,166 |
| Total liabilities | $915,877 |
| Net assets without donor restrictions | $1,688,111 |
| 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 | $2,603,988 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anaconda Local Development Corp has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Anaconda Community Foundation Inc Anaconda, MT PURPOSE: COMMUNITY BETTERMENT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Fly Sun Valley Alliance Inc Ketchum, ID | $3,221,686 | $1,660,297 |
Greater Fargo Moorhead Economic Development Corporation Fargo, ND | $1,995,409 | $1,379,514 |
Idaho Freedom Foundation Inc Boise, ID | $1,060,200 | $895,196 |
Downtown Billings Bid Inc Billings, MT | $644,647 | $678,748 |
Mitchell Area Development Corporation Mitchell, SD | $4,585,529 | $855,472 |
Dunn County Fair Association Killdeer, ND | $4,427,351 | $801,598 |
Lemmon Area Charitable And Economic Development Corporation Lemmon, SD | $1,191,759 | $524,299 |
South-Central Idaho Tourism And Recreational Development Assoc Inc Twin Falls, ID | $57,748 | $424,215 |
Anaconda Local Development Corp Anaconda, MT | $2,603,988 | $452,869 |
Timber Lake & Area Development Inc Timber Lake, SD | $616,290 | $242,800 |