Lake County Community Development Corporation
- Assets
- $8.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Ronan, MT
- Founding
- 07/1995
- Data as of
- 06/2022
- EIN
- 81-0489999
Organization Overview
Lake County Community Development Corporation, operating under the name Mission West Community Development Partners, is located in Ronan, MT. The organization was established in 1995. 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. As of 06/2022, Mission West Community Development Partners employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission West Community Development Partners 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 06/2022, Mission West Community Development Partners generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 7.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY ECONOMIC AND SOCIAL DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT BLOCK GRANT REVOLVING LOAN FUNDS PROVIDE RESOURCES FOR LAKE COUNTY BUSINESSES FOR EXPANSION AND JOB PLACEMENT FOR RESIDENTS
ASSISTANCE TO AREA ENTITIES TO FACILITATE THE DEVELOPMENT AND MARKETING OF A SHARED USE PROCESSING AND BUSINESS CENTER TO CREATE JOB OPPORTUNITIES AND ECONOMIC DEVELOPMENT WITHIN LAKE COUNTY
PROJECT MANAGEMENT FUNDS ARE ACTIVITIES ASSOCIATED WITH MANAGING FUNDS, CONTRACTS OR GRANTS ON BEHALF OF LOCAL GOVERNMENT AND/OR OTHER NON-PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Thaden Executive Director | Officer | 40 | $86,073 |
Joel Onsager Secretary/treasurer | OfficerTrustee | 1 | $0 |
Sjaan Vincent President | OfficerTrustee | 1 | $0 |
Roxanne Duckworth Vice President | OfficerTrustee | 1 | $0 |
Bill Williams Director | Trustee | 1 | $0 |
Jim Debree Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,685,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,033 |
| Total Program Service Revenue | $288,372 |
| Investment income | $4,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,798 |
| 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 | $152,052 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,376,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,977 |
| 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. | $88,655 |
| Compensation of current officers, directors, key employees. | $20,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,994 |
| Pension plan accruals and contributions | $13,081 |
| Other employee benefits | $109,096 |
| Payroll taxes | $83,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,148 |
| Fees for services: Accounting | $17,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170,987 |
| Advertising and promotion | $15,022 |
| Office expenses | $24,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,940 |
| Travel | $43,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,615 |
| Insurance | $1,337 |
| All other expenses | $40,645 |
| Total functional expenses | $2,122,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,584 |
| Savings and temporary cash investments | $2,950,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,378,785 |
| Inventories for sale or use | $9,351 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,370,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,084 |
| Total assets | $8,061,823 |
| Accounts payable and accrued expenses | $148,030 |
| Grants payable | $0 |
| Deferred revenue | $129,369 |
| 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 | $4,533,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,810,518 |
| Net assets without donor restrictions | $3,174,488 |
| Net assets with donor restrictions | $76,817 |
| 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 | $8,061,823 |
Grants Awarded
Over the last fiscal year, Lake County Community Development Corporation has awarded $170,977 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FARM FARE LLC PURPOSE: ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK | $41,592 |
LOCAL FOOD MARKETPLACE PURPOSE: ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK | $34,986 |
LAKE COUNTY FINANCE PURPOSE: POLSON FAIRGROUNDS EXPANSION | $20,000 |
KITCHEN SYNC STRATEGIES PURPOSE: ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK | $18,385 |
PUGET SOUND FOOD HUB COOP PURPOSE: ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK | $16,092 |
WESTERN MONTANA GROWERS CO OP PURPOSE: ESTABLISH A LOCALLY PRODUCED SUSTAINABLE FOOD NETWORK | $15,486 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake County Community Development Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hopa Mountain Inc Bozeman, MT PURPOSE: Capacity building. | $20,000 |
Oro Y Plata Foundation Kalispell, MT PURPOSE: GENERAL OPERATING ASSISTANCE | $5,000 |
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 |