Richland Economic Development Corporation

Organization Overview

Richland Economic Development Corporation is located in Sidney, MT. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland Economic Development Corporation 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 09/2022, Richland Economic Development Corporation generated $144.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $170.4k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO TAKE ACTION OR ENCOURAGE ACTION TO ASSIST POTENTIAL NEW OR EXISTING BUSINESSES TO IMPROVE THEIR CHANCES OF SURVIVAL AND CONTRIBUTION FOR ECONOMIC GROWTH IN RICHLAND COUNTY MONTANA

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL PROMOTION ACTIVITIES FOR OUR BUSINESS AND MEMBERSHIP CONTRIBUTORS. ACTIVITIES OF PROMOTION INCLUDE GRAND OPENINGS ANNUAL MEETINGS, MONTHLY NEWSLETTERS, INFORMATION PACKETS, RELOCATION GUIDES, WEBSITE UPDATES AND REGIONAL TOURS.


REVOLVING LOAN FUND - THIS FUND WAS ESTABLISHED TO PROVIDE SMALL BUSINESSES WITH START UP GUIDANCE, EXISTING BUSINESS EXPANSIONS WITH GAP FINANCING IN COOPERATION WITH LOCAL LENDING INSTITUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Leslie Messer
Executive Director
$65,523
Pam Burman
Secretary
$0
Tami Christensen
Director
$0
Leif Anderson
President
$0
Craig Averett
Director
$0
Chip Gifford
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$59,551
Fundraising events$0
Related organizations$0
Government grants $46,000
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$105,551
Total Program Service Revenue$28,746
Investment income $10,404
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 $144,701

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Richland Economic Development Corporation has recieved totaling $5,000.

Awarding OrganizationAmount
Sidney Health Center

Sidney, MT

PURPOSE: MONTANA YOUNG PROFESSIONALS

$5,000
View Grant Recipient Profile

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