Snowy Mountain Development Corporation
- Assets
- $3.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Lewistown, MT
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 81-0542382
Organization Overview
Snowy Mountain Development Corporation is located in Lewistown, MT. The organization was established in 2002. 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 06/2021, Snowy Mountain Development Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snowy Mountain Development Corporation 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 06/2021, Snowy Mountain Development Corporation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 24.5% 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.
Since 2015, Snowy Mountain Development Corporation has awarded 28 individual grants totaling $1,014,308. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE ECONOMIC AND SOCIAL CONDITIONS THROUGH CONSERVATION, UTILIZATION,EXPANSION, AND DEVELOPMENT OF ALL ACCESSIBLE RESOURCES IN THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2021, SMDC CONTINUED TO BUILD ECONOMIC AND COMMUNITY CAPITAL IN AN ALL-RURAL SIX-COUNTY AREA OF CENTRAL MONTANA. STAFF PROVIDED 1,823 TECHNICAL ASSISTANCE SESSIONS TO 481 BUSINESSES; HELPED 70 BUSINESSES SECURE $23,061,345.96 IN GOVERNMENT CONTRACTS; CREATED OR RETAINED 232 JOBS; CLOSED 4 LOANS TOTALING $427,662; SERVICED 33 LOANS WITH AN AVERAGE MONTHLY FUND BALANCE OF $1,783,668.34; SECURED $97,159 IN STATE GRANT FUNDS TO ESTABLISH THE SNOWY MOUNTAIN FOOD & AGRICULTURE DEVELOPMENT CENTER; MANAGED 294 COMMUNITY DEVELOPMENT PROJECTS; AND MANAGED $7.4 MILLION IN FEDERAL DOLLARS.
DURING FISCAL YEAR 2021, SMDC CONTINUED TO BUILD ECONOMIC AND COMMUNITY CAPITAL IN AN ALL-RURAL SIX-COUNTY AREA OF CENTRAL MONTANA. STAFF PROVIDED 1,823 TECHNICAL ASSISTANCE SESSIONS TO 481 BUSINESSES; HELPED 70 BUSINESSES SECURE $23,061,345.96 IN GOVERNMENT CONTRACTS; CREATED OR RETAINED 232 JOBS; CLOSED 4 LOANS TOTALING $427,662; SERVICED 33 LOANS WITH AN AVERAGE MONTHLY FUND BALANCE OF $1,783,668.34; SECURED $97,159 IN STATE GRANT FUNDS TO ESTABLISH THE SNOWY MOUNTAIN FOOD & AGRICULTURE DEVELOPMENT CENTER; MANAGED 294 COMMUNITY DEVELOPMENT PROJECTS; AND MANAGED $7.4 MILLION IN FEDERAL DOLLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathie Bailey Executive Director | Officer | 40 | $87,276 |
Diane Pennell CFO | Officer | 40 | $70,610 |
Holly Phelps Vice-Chairman | OfficerTrustee | 1 | $0 |
Dean Blomquist Treasurer | OfficerTrustee | 1 | $0 |
Ross Butcher Chairman | OfficerTrustee | 1 | $0 |
Carol Schaeffer Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bullock Contracting Llc Hazardous Clean Up | 6/29/20 | $193,248 |
Besel Construction Llc Hazardous Clean Up | 6/29/20 | $107,871 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,288,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,323,026 |
| Total Program Service Revenue | $230,143 |
| Investment income | $4,976 |
| 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 | $1,559,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,399 |
| 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. | $178,544 |
| Compensation of current officers, directors, key employees. | $17,854 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,751 |
| Pension plan accruals and contributions | $23,382 |
| Other employee benefits | $42,706 |
| Payroll taxes | $32,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,723 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,767 |
| Advertising and promotion | $7,134 |
| Office expenses | $15,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,984 |
| Travel | $7,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,484 |
| Interest | $7,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,959 |
| Insurance | $5,983 |
| All other expenses | $0 |
| Total functional expenses | $1,300,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,125 |
| Savings and temporary cash investments | $1,720,343 |
| Pledges and grants receivable | $171,853 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $151,139 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,447,629 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,386 |
| Net Land, buildings, and equipment | $17,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,718 |
| Total assets | $3,548,450 |
| Accounts payable and accrued expenses | $59,347 |
| Grants payable | $0 |
| Deferred revenue | $131,437 |
| 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 | $587,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $778,087 |
| Net assets without donor restrictions | $2,770,363 |
| 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 | $3,548,450 |
Grants Awarded
Over the last fiscal year, Snowy Mountain Development Corporation has awarded $361,736 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Hardin, MT PURPOSE: BROWNFIELDS CLEAN-UP | $45,441 |
Hardin, MT PURPOSE: BROWNFIELDS CLEAN-UP | $45,441 |
MSU INNOVATION CAMPUS PURPOSE: BROWNFIELDS CLEAN-UP | $42,289 |
MSU INNOVATION CAMPUS PURPOSE: BROWNFIELDS CLEAN-UP | $42,289 |
FARMER'S UNIONMUSSELSHELL COUNTY PURPOSE: BROWNFIELDS CLEAN-UP | $34,055 |
FARMER'S UNIONMUSSELSHELL COUNTY PURPOSE: BROWNFIELDS CLEAN-UP | $34,055 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Snowy Mountain Development Corporation has recieved totaling $43.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
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 |