Gallatin Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810435350 ✦ Bozeman, MT ✦ Designated as a 501(c)(4)

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Overview

What is Gallatin Development Corporation?

Gallatin Development Corporation is a nonprofit organization situated in Bozeman, Montana, specifically at 865 Technology Blvd Suite A, 59718. Their primary mission is to foster diverse economies and resilient communities in Southwest Montana. They achieve this by coordinating and applying for various grants on behalf of businesses and local governments, supporting job creation, planning projects, rural business development grants, and other community and economic development initiatives. These grants are sourced from federal, state, and private entities. With a team of 13 dedicated individuals, Gallatin Development Corporation plays a significant role in boosting the economic growth and resilience of the Southwest Montana region.


Official website here: www.prosperamt.org

What do the Facebook reviews say about Gallatin Development Corporation?

100% of 16 reviewers on Facebook recommend Gallatin Development Corporation. Here is a summary of their reviews:

The organization is highly praised as a valuable resource for aspiring and existing business owners. Many have expressed that it provides comprehensive support, from crafting business plans to exploring financial options. Reviewers appreciate the expertise and guidance available, highlighting the positive impact this nonprofit has on local entrepreneurs.

Overall, it's clear that Gallatin Development Corporation is considered an essential partner for those in the business community, with users feeling grateful for the services and advice that contribute to their success. The strong recommendation rate underscores the trust and satisfaction in the support provided by this organization.


This AI summary has been generated from reviews found on Facebook.

Is Gallatin Development Corporation legitimate?

Gallatin Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Gallatin 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: $214,347
Professional Fundraising Fees: $0
Other Salaries and Wages: $403,604

For more financial information, click here


Official website here: www.prosperamt.org

What is the mission statement of Gallatin Development Corporation?

Gallatin Development Corporation's mission is centered around promoting and inspiring diverse economies and resilient communities in a specific region, namely southwest Montana. They accomplish this by coordinating and applying for various grants on behalf of businesses and local governments. These grants are utilized to support economic development projects, job creation, planning initiatives, rural business development, and other community and economic development efforts. The organization's activities aim to foster a diverse and robust economic landscape, ultimately benefiting the communities they serve.


Official website here: www.prosperamt.org

Who is the CEO of Gallatin Development Corporation?

Paul Reichert is the Executive Dir of Gallatin Development Corporation.


Official website here: www.prosperamt.org

What is the revenue of Gallatin Development Corporation?

Gallatin Development Corporation's revenue in 2022 was $1,450,415.


Official website here: www.prosperamt.org

Who are the executives of Gallatin Development Corporation and what are their salaries?

The average compensation at Gallatin Development Corporation during 2022 was $47,535. There are 13 employees and 77 volunteers at Gallatin Development Corporation.


Here are 17 key members and their salaries:


Paul Reichert (Executive Dir)
  • Compensation: $101,321
  • Related: $0
  • Other: $15,706
Carolyn Murray (Finance Dir)
  • Compensation: $85,975
  • Related: $0
  • Other: $11,345
Callan Nagy (Past-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marley Mckenna (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sky Cook (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bert Bartle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Robertus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Bellamy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colee Wingo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samantha Kimmet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Sehnert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brit Fontenot (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Szczepanski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Ranalli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Mcnulty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prosperamt.org

Where can I find the form 990 for Gallatin Development Corporation?

Gallatin Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.prosperamt.org

Learn more at the official website: www.prosperamt.org

Mission Statement of Gallatin Development Corporation

Gallatin Development Corporation is dedicated to promoting and fostering diverse economies and resilient communities in southwest Montana. Their mission is multifaceted, involving coordination and application for various grants on behalf of businesses and local governments. These grants are intended to support economic development, job creation, and planning projects. Moreover, Gallatin Development Corporation focuses on rural business development, securing grants for diverse community and economic development initiatives. By leveraging federal, state, and private grants, the corporation aims to inspire growth and resilience in southwest Montana's communities.

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Impact




October, 2024

Gallatin Development Corporation plays a crucial role in advancing and inspiring diverse economies and resilient communities in Southwest Montana. By coordinating and applying for various grants on behalf of businesses and local governments, it actively supports economic development initiatives, job creation, and strategic planning projects. The organization focuses on rural business development grants and other funding opportunities from federal, state, and private sources, enhancing community and economic development across the region. Its efforts foster significant improvements in the local economy, ensuring that communities can grow sustainably and thrive in a competitive environment.




This information is meant to be a general summary of Gallatin 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.

Revenue
$1,450,415 (2022)
Expenses
$1,466,860 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $132,750
  • Program Service Revenue: $458,467
  • Gross Receipts: $1,450,415

Assets and Liabilities:

  • Total Assets: $9,145,103
  • Total Liabilities: $8,473,747
  • Net Assets: $671,356

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INCOME

Revenue

$232,657

SERVICE FEES

Revenue

$225,810

Organization Details

Founding Year

1986

Principal Officer

Paul Reichert

Main Address

865 TECHNOLOGY BLVD SUITE A, BOZEMAN, MT, 59718

NTEE Category

Code: S43 - Community improvement

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