Overview
What is Montana Economic Revitalization And Development Institute Inc?
Montana Economic Revitalization and Development Institute Inc, based in Butte, Montana, is a distinguished nonprofit organization dedicated to driving economic growth in the region. Their primary focus lies in developing and commercializing energy and waste technology. This mission includes conducting energy research, facilitating technology transfer, and supporting economic development. Significant activities undertaken by the institute include the rehabilitation of the Thornton Building for business use and housing a super-computer, as well as awarding scholarship funds to Montana's educational institutions to support energy research and engineering. The institute's operations are overseen by a single employee.
Official website here: www.merdi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Montana Economic Revitalization and Development Institute Inc has received a moderate rating, reflecting a mixed performance in terms of accountability and financial management. Their strong points include an entirely independent board and a high program expense ratio, indicating a focus on their mission-related activities.
Despite the positive aspects, the organization has significant weaknesses, particularly in financial transparency. They have not posted financial statements or their tax form on their website, which raises concerns about their overall financial accountability. Additionally, the absence of a whistleblower policy is noted as a critical gap in governance.
Overall, while the organization demonstrates commitment through a well-structured board and efficient allocation of resources towards programs, the lack of transparency and missing policies could hinder trust and stakeholder confidence. Further improvements in these areas would enhance their rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Economic Revitalization And Development Institute Inc legitimate?
Montana Economic Revitalization And Development Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Economic Revitalization And Development Institute 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: $49,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,456
For more financial information, click here
Official website here: www.merdi.org
What is the mission statement of Montana Economic Revitalization And Development Institute Inc?
The Montana Economic Revitalization and Development Institute Inc's mission is centered around conducting energy research and commercialization for technology transfer, with the aim of supporting economic development. Significant activities include the rehabilitation of a building to house a super-computer and business use, as well as providing scholarship funds to Montana's educational institutions to foster energy research and engineering. The ultimate goal is to develop and commercialize energy and waste technology, thereby creating job opportunities in the region and contributing to land restoration.
Official website here: www.merdi.org
Who is the CEO of Montana Economic Revitalization And Development Institute Inc?
Gary Rowe is the Director of Montana Economic Revitalization And Development Institute Inc.
Official website here: www.merdi.org
What is the revenue of Montana Economic Revitalization And Development Institute Inc?
Montana Economic Revitalization And Development Institute Inc's revenue in 2021 was $523,914.
Official website here: www.merdi.org
Who are the executives of Montana Economic Revitalization And Development Institute Inc and what are their salaries?
The average compensation at Montana Economic Revitalization And Development Institute Inc during 2021 was $79,816. There is 1 employee and 5 volunteers at Montana Economic Revitalization And Development Institute Inc.
Here are 6 key members and their salaries:
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- Compensation: $28,119
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- Other: $15,643
Official website here: www.merdi.org
Where can I find the form 990 for Montana Economic Revitalization And Development Institute Inc?
Montana Economic Revitalization And Development Institute Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.merdi.org
Learn more at the official website: www.merdi.org
Mission Statement of Montana Economic Revitalization And Development Institute Inc
Montana Economic Revitalization and Development Institute Inc is dedicated to conducting energy research and commercialization, with a focus on technology transfer and supporting economic development. Their significant activities include the rehabilitation of buildings, such as the Thornton Building, for business use and housing advanced technologies like super-computers. Additionally, the Institute awards scholarship funds to Montana's educational institutions to support energy research and engineering, aiming to stimulate job growth and restore land in the region.
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Impact
July, 2024
Montana Economic Revitalization And Development Institute Inc conducts energy research and commercialization to support economic development. They have made significant contributions by rehabilitating the Thornton Building for business use and housing a super-computer. Additionally, they provide scholarship funds to Montana educational institutions to support energy research and engineering. Their efforts to develop and commercialize energy and waste technology aim to increase jobs in the region and restore land, making a positive impact on the community in Butte, MT.
This information is meant to be a general summary of Montana Economic Revitalization And Development Institute 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 2021.
- Investment Income: $572
- Program Service Revenue: $453,666
- Gross Receipts: $523,914
Assets and Liabilities:
- Total Assets: $2,139,862
- Total Liabilities: $1,219,765
- Net Assets: $920,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IT SUPPORT/ACCESS
Revenue
$411,026
CONTRACT REVENUE
Revenue
$42,640
Organization Details
Founding Year
1974
Phone
(406) 533-6884Principal Officer
Gary Rowe
Main Address
65 E BROADWAY, BUTTE, MT, 59701
Website
www.merdi.orgNTEE Category
Code: S30 - Community improvement
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