Montana Economic Developers Association
- Assets
- $116.6k
- Revenue
- $157.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Anaconda, MT
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 81-0488036
Organization Overview
Montana Economic Developers Association is located in Anaconda, MT. The organization was established in 1994. 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. Montana Economic Developers Association 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, Montana Economic Developers Association generated $157.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $135.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
THE MONTANA ECONOMIC DEVELOPERS ASSOCIATION SPONSORS EDUCATIONAL SEMINARS, WORKSHOPS AND CONFERENCES TO ADVANCE THE ECONOMIC DEVELOPMENT PROFESSION. MEDA IS A COORDINATOR FOR THE STATEWIDE ECONOMIC DEVELOPMENT WORKSHOPS THAT PROVIDE INTENSE TRAINING FOR ECONOMIC DEVELOPERS INTERESTED IN OBTAINING CERTIFICATION. THE ORGANIZATION CONDUCTS RESEARCH TO STIMULATE THE INTERCHANGE OF IDEAS AND EXPERIENCES BETWEEN INDIVIDUALS WITH MUTUAL GOALS AND INTERESTS. THE ASSOCIATION ALSO DEVELOPS NETWORK AND COMMUNICATIONS SYSTEMS TO DISSEMINATE INFORMATION AND ACTS AS A CLEARINGHOUSE AND CONTACT POINT WITHIN MONTANA FOR OTHER STATE, REGIONAL, NATIONAL AND INTERNATIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS AND AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATIONAL ECONOMIC DEVELOPMENT SEMINARS AND CONFERENCES.
ADMINISTRATION OF THE PROGRAMS AND FUNCTIONS OF THE ORGANIZATION THAT WERE CONTRACTED OUT TO VARIOUS OTHER ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O'rourke Chief Financial Officer | Officer | 40 | $82,782 |
Gloria O'rourke Secretary | OfficerTrustee | 3 | $0 |
Brian Obert President | OfficerTrustee | 3 | $0 |
Joe Willauer Vice-President | OfficerTrustee | 3 | $0 |
Rick Edwards Treasurer | OfficerTrustee | 3 | $0 |
Steve Arveschoug Past-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,859 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,904 |
| Total Program Service Revenue | $35,412 |
| Investment income | $43 |
| 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 | $157,359 |
| 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. | $82,782 |
| Compensation of current officers, directors, key employees. | $41,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,080 |
| 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 | $143 |
| Information technology | $3,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,432 |
| All other expenses | $0 |
| Total functional expenses | $135,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,578 |
| 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 | $116,578 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $116,578 |
| Total liabilities and net assets/fund balances | $116,578 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Economic Developers Association has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Montana Chamber Foundation Helena, MT PURPOSE: SPONSORSHIP | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
South Segment Community Development Corporation Halliday, ND | $18,333,660 | $2,595,332 |
Fargo Moorhead Convention & Visitors Bureau Inc Fargo, ND | $3,704,311 | $2,547,498 |
Four Bands Community Fund Inc Eagle Butte, SD | $19,022,561 | $5,647,220 |
Emerging Prairie Fargo, ND | $1,252,984 | $1,382,080 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |
Big Sky Economic Development Corporation Billings, MT | $3,059,757 | $1,982,472 |
Dakota Business Lending Fargo, ND | $6,874,323 | $2,297,592 |
Bear Paw Development Corp Of North Montana Hill County Courthouse Havre, MT | $10,546,975 | $3,629,842 |
Capital Matrix Inc Boise, ID | $3,302,883 | $1,706,997 |