Overview
What is Butte Local Development Corporation?
Butte Local Development Corporation is a nonprofit organization situated in Butte, Montana, specifically at 65 E Broadway, 59701. Their primary mission revolves around promoting economic development in the area. They accomplish this by spearheading local economic projects and facilitating business growth, with a focus on attracting business relocation, expansion, and the establishment of new ventures. They offer small businesses low-interest loans to support their financial needs, thereby contributing to the overall economic vitality of the region.
Official website here: www.buttemontana.org
Is Butte Local Development Corporation legitimate?
Butte Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Butte Local Development Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,554
For more financial information, click here
Official website here: www.buttemontana.org
What is the mission statement of Butte Local Development Corporation?
The Butte Local Development Corporation's mission is centered around promoting economic development in the given area. This is achieved through various local economic development projects and business development initiatives. The corporation aims to stimulate business relocation and expansion, as well as encourage the establishment of new businesses. To facilitate this, they offer low-interest loans to small businesses. In essence, the corporation's mission is to contribute to the economic growth and prosperity of the community by supporting local businesses.
Official website here: www.buttemontana.org
Who is the CEO of Butte Local Development Corporation?
Kelly Sullivan is the Past-President of Butte Local Development Corporation. The CEO's salary of Butte Local Development Corporation is $0 and their total compensation is $0.
Official website here: www.buttemontana.org
What is the revenue of Butte Local Development Corporation?
Butte Local Development Corporation's revenue in 2022 was $2,363,006.
Official website here: www.buttemontana.org
Who are the executives of Butte Local Development Corporation and what are their salaries?
Here are 14 key members and their salaries (Butte Local Development Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.buttemontana.org
Where can I find the form 990 for Butte Local Development Corporation?
Butte Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buttemontana.org
Learn more at the official website: www.buttemontana.org
Mission Statement of Butte Local Development Corporation
Butte Local Development Corporation is dedicated to promoting economic development in its area. This organization undertakes various local economic development projects and focuses on business development to encourage business relocation, expansion, and the establishment of new businesses. One of their key initiatives is providing small businesses with low-interest loans, which can be instrumental in overcoming financial challenges and fostering growth. By promoting economic development and supporting local businesses, Butte Local Development Corporation aims to contribute positively to the community's economic landscape.
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Impact
October, 2024
Butte Local Development Corporation significantly impacts the local economy by promoting economic development initiatives in the Butte, MT area. By focusing on local economic development projects and facilitating business growth, the organization helps attract new businesses, supports existing firms, and encourages startups. One key aspect of their impact is providing small businesses with low-interest loans, which enables entrepreneurs to access the necessary capital to expand or establish their operations. This financial support fosters job creation and enhances community improvement, leading to a more vibrant, resilient economy in Butte and the surrounding region.
This information is meant to be a general summary of Butte Local Development Corporation. 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: $164,048
- Program Service Revenue: $192,130
- Gross Receipts: $2,363,006
Assets and Liabilities:
- Total Assets: $9,224,367
- Total Liabilities: $1,322,196
- Net Assets: $7,902,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME LOANS
Revenue
$111,172
LOAN ORIGINATION FEES
Revenue
$80,958
Organization Details
Founding Year
1969
Phone
(406) 723-4349Principal Officer
Kelly Sullivan
Main Address
65 E BROADWAY, BUTTE, MT, 59701
Website
www.buttemontana.orgNTEE Category
Code: S31 - Community improvement
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