Overview
What is Montana Cooperative Development Center Inc?
Montana Cooperative Development Center Inc is a nonprofit organization based in Great Falls, Montana. With a modest workforce of five individuals, its primary mission is to promote and develop cooperatives to address the economic and community needs of rural Montana. They accomplish this through three key areas: providing technical assistance and training to prospective cooperative enterprise leaders, creating outreach materials to educate the public about the cooperative business model's benefits for the state, and engaging in economic development activities across Montana, collaborating with communities to strengthen local capacities to meet their needs.
Official website here: www.mcdc.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Montana Cooperative Development Center Inc has achieved an 83% rating, highlighting a strong focus on accountability and finance. This score comes entirely from a single beacon assessment, indicating that the organization is dedicated to transparent financial practices. The charity has earned full points for having an independent board, independent board size, and compliance with various policies, which supports its governance structure.
Strengths of the organization include a high program expense ratio of 86.37%, suggesting that a substantial portion of its funding is directed toward its programs rather than administrative costs. Additionally, there are no reported material diversions of assets, which reinforces trust in its financial integrity. The presence of comprehensive policies such as conflict of interest and whistleblower protections further demonstrates a commitment to responsible management.
However, the liability to assets ratio of 67.20% indicates that the organization has a significant level of liabilities compared to its assets, which may warrant further scrutiny. While the organization performs well in many accountability metrics, potential donors might consider this ratio as a factor when evaluating the financial health of the nonprofit. Overall, the Montana Cooperative Development Center Inc shows solid performance in governance and program funding.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Cooperative Development Center Inc legitimate?
Montana Cooperative Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Cooperative Development Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $77,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,700
For more financial information, click here
Official website here: www.mcdc.coop
What is the mission statement of Montana Cooperative Development Center Inc?
The Montana Cooperative Development Center Inc's mission is centered around promoting and fostering the development of cooperatives to address both economic and community needs in rural areas. Their activities are geared towards meeting these objectives. They achieve this by offering technical assistance to potential cooperative leaders, training governing and managing bodies of start-up cooperatives, and creating educational materials to promote the value and impact of the cooperative business model in Montana. Furthermore, the center engages in economic development activities across the state, collaborating with communities to build local capacity and address their economic and community requirements.
Official website here: www.mcdc.coop
Who is the CEO of Montana Cooperative Development Center Inc?
Tracy Mcintyre is the President of Montana Cooperative Development Center Inc.
Official website here: www.mcdc.coop
What is the revenue of Montana Cooperative Development Center Inc?
Montana Cooperative Development Center Inc's revenue in 2022 was $676,929.
Official website here: www.mcdc.coop
Who are the executives of Montana Cooperative Development Center Inc and what are their salaries?
The average compensation at Montana Cooperative Development Center Inc during 2022 was $60,240. There are 5 employees and 11 volunteers at Montana Cooperative Development Center Inc.
Here are 12 key members and their salaries:
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- Compensation: $71,455
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- Other: $8,916
Official website here: www.mcdc.coop
Where can I find the form 990 for Montana Cooperative Development Center Inc?
Montana Cooperative Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcdc.coop
Learn more at the official website: www.mcdc.coop
Mission Statement of Montana Cooperative Development Center Inc
Montana Cooperative Development Center Inc is dedicated to promoting and developing cooperatives that cater to the economic needs and community needs of rural Montana. Their mission is to foster an environment where cooperatives can thrive, thereby addressing the unique challenges faced by rural communities. The organization achieves this by providing technical assistance to leaders of prospective cooperative enterprises, training those governing and managing start-up cooperatives, and developing outreach materials to educate the public about the value and impact of the cooperative business model on the state of Montana. In addition, Montana Cooperative Development Center Inc engages in economic development activities across the state, collaborating with communities to build local capacity to address economic and community needs.
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Impact
July, 2024
The Montana Cooperative Development Center Inc's impact lies in its mission to promote and develop cooperatives to meet the economic needs and community needs of rural Montana. Through its programs and services, such as providing technical assistance to cooperative leaders, training for governing and managing start-up cooperatives, and developing outreach materials to educate the public about the cooperative business model's value and impact, MCDC is actively engaging in economic development activities across the state of Montana. By working with communities to build local capacity to address economic and community needs, MCDC is contributing to the improvement of rural Montana's economic and social landscape.
This information is meant to be a general summary of Montana Cooperative Development Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,197
- Program Service Revenue: $69,699
- Gross Receipts: $676,929
Assets and Liabilities:
- Total Assets: $342,845
- Total Liabilities: $138,035
- Net Assets: $204,810
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MCOC DIRECT COSTS
Revenue
$30,979
CONTRACT REVENUE
Revenue
$28,020
MANAGEMENT FEE & RELAT
Revenue
$10,180
FEES FOR SERVICE
Revenue
$520
Organization Details
Founding Year
2003
Phone
(406) 727-1517Principal Officer
Tracy Mcintyre
Main Address
PO BOX 3027, GREAT FALLS, MT, 59403
Website
www.mcdc.coopNTEE Category
Code: S32 - Community improvement
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