Park Local Development Corporation Inc
- Assets
- $1.0m
- Revenue
- $9.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Livingston, MT
- Founding
- Data as of
- 06/2022
- EIN
- 83-3526093
Organization Overview
Park Local Development Corporation Inc is located in Livingston, MT. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Local Development Corporation Inc 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, Park Local Development Corporation Inc generated $9.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $29.7k during the year ending 06/2022. 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
TO SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT IN PARK COUNTY, MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVINGSTON-PARK COUNTY REVOLVING LOAN PROGRAM - LOAN PROGRAM TO ADVANCE THE ECONOMIC WELL-BEING OF SMALL BUSINESSES IN LIVINGSTON AND PARK COUNTY BY PROVIDING ACCESS TO LOANS. DURING THE YEAR OUR ORGANIZATION HAD THE FOLLOWING IMPACTS ON THE SURROUNDING COMMUNITY:- ONE LOAN PAID OFF AND SIX LOANS TOTALING $34,766.39 WERE UNDER THE EMERGENCY MICROLOAN PROGRAM FOR BUSINESSES EXPERIENCING NEGATIVE IMPACTS OF COVID-19.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Galbraith President | OfficerTrustee | 2 | $0 |
Sarah Skofield Treasurer/secre | OfficerTrustee | 2 | $0 |
Andy Turner Vice President | OfficerTrustee | 2 | $0 |
Mary Anne Keyes Executive Dir. | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,202 |
| Total Program Service Revenue | $8,157 |
| Investment income | $0 |
| 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 | $9,359 |
| 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. | $3,493 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $899 |
| Office expenses | $9 |
| Information technology | $2,687 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,608 |
| All other expenses | $0 |
| Total functional expenses | $29,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,546 |
| Savings and temporary cash investments | $931,803 |
| 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 | $34,766 |
| 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 | $1,014,115 |
| Accounts payable and accrued expenses | $3,269 |
| 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 | $962,049 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $965,318 |
| Net assets without donor restrictions | $48,797 |
| 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 | $1,014,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park Local Development Corporation Inc has recieved totaling $11,202.
| Awarding Organization | Amount |
|---|---|
Park County Community Foundation Livingston, MT PURPOSE: Unrestricted support. | $11,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yellowstone Boys And Girls Ranch Foundation Inc Billings, MT | $148,155,478 | $8,055,859 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Seed For Success Foundation Sioux Falls, SD | $1,842,058 | $2,043,672 |
Sam And Judy Mcdonald Foundation Billings, MT | $175,494 | $296,726 |
Montana Womens Run Billings, MT | $54,770 | $0 |
Hopkins Foundation Caldwell, ID | $982,455 | $1,071,087 |
Us Fund For Daisy Missoula, MT | $6,140 | $0 |
7b Women Inc Sandpoint, ID | $7,135 | $0 |
Manna Basket Ministries Helena, MT | $3,228 | $96,551 |
Sisters United Great Falls, MT | $102,016 | $0 |
Humanitarian And Development Foundation For Myanmar Minot, ND | $11,715 | $0 |
Truckin For Kids Priest River, ID | $25,463 | $0 |