Overview
What is Great Falls Development Authority?
Great Falls Development Authority is a nonprofit organization located in the heart of Great Falls, Montana. Their primary mission is to foster diverse economic opportunities, improving the overall quality of life in the region. Serving a 13-county area of approximately 44,000 square miles, they offer business development services to urban, rural, and tribal communities. Their strategy encompasses four key areas: people, place, opportunities, and team. Over the next three years, they have outlined 19 priorities and 46 specific actions to accomplish these goals. The organization provides various resources to empower entrepreneurs, businesses, and non-profit organizations. This includes advisory services, training, and development through their Small Business Development Center, Apex Accelerator, Food & Ag Development Center, and Brownfields Redevelopment Program. In 20XX, they assisted over 700 entities in the region, contributing to the growth and development of the local economy.
Official website here: www.growgreatfallsmontana.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating
The Great Falls Development Authority has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a perfect score in all evaluated areas, the organization demonstrates robust governance practices, including a fully independent board and comprehensive conflict of interest policies. Their financial management is highlighted by a low liabilities-to-assets ratio and a high percentage of program expenses, indicating that the majority of their funds are directed towards their mission rather than administrative costs.
The Authority's transparency is underscored by their compliance with listing financial statements and relevant policies, as well as making their tax forms accessible online. This level of openness not only fosters trust among stakeholders but also indicates a well-structured operational framework that prioritizes ethical standards and proper oversight.
While the data shows exceptional performance in accountability and financial health, it is important for potential supporters and stakeholders to consider the organization’s overall impact and effectiveness beyond just financial metrics. Continued focus on program outcomes and community engagement will be essential in maintaining their strong reputation and ensuring long-term success.
This AI summary has been generated from information found on Charity Navigator.
Is Great Falls Development Authority legitimate?
Great Falls Development Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Falls Development Authority 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: $228,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,069,850
For more financial information, click here
Official website here: www.growgreatfallsmontana.org
What is the mission statement of Great Falls Development Authority?
The Great Falls Development Authority is an economic development partnership and a certified Community Development Financial Institution, dedicated to fostering diverse economic opportunities that enhance the quality of life. Primarily serving small urban, rural, and tribal regions, its mission is to promote economic growth in a 13-county area, focusing on people, place, opportunities, and team. Through various business development services, the organization assists over 700 entrepreneurs, businesses, and non-profit organizations annually, providing advisory, training, and development services. Its strategies include hosting a Small Business Development Center, an Apex Accelerator, a Food & Ag Development Center, and a Brownfields Redevelopment Program. The organization's mission is to stimulate economic development and improve the overall well-being of the community.
Official website here: www.growgreatfallsmontana.org
Who is the CEO of Great Falls Development Authority?
Brett Doney is the Chairman of Great Falls Development Authority.
Official website here: www.growgreatfallsmontana.org
What is the revenue of Great Falls Development Authority?
Great Falls Development Authority's revenue in 2023 was $5,654,586.
Official website here: www.growgreatfallsmontana.org
Who are the executives of Great Falls Development Authority and what are their salaries?
The average compensation at Great Falls Development Authority during 2023 was $68,337. There are 19 employees and 80 volunteers at Great Falls Development Authority.
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Official website here: www.growgreatfallsmontana.org
Where can I find the form 990 for Great Falls Development Authority?
Great Falls Development Authority's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.growgreatfallsmontana.org
Learn more at the official website: www.growgreatfallsmontana.org
Mission Statement of Great Falls Development Authority
The Great Falls Development Authority, a certified community development financial institution, is dedicated to fostering diverse economic opportunities that enhance the quality of life in various urban, rural, and tribal regions. Primarily serving a 13-county region in North Central Montana, this economic development partnership aims to grow and strengthen these communities by focusing on four key aspects: people, place, opportunities, and team.
In pursuit of its mission, the Great Falls Development Authority provides a range of business development services. These services are designed to support entrepreneurs, businesses, and non-profit organizations within its extensive 13-county, 44,000 square mile region. The organization's strategy involves 19 priorities and 46 specific actions to be carried out over a three-year period. To achieve these goals, the Great Falls Development Authority operates several programs, including a Small Business Development Center, an Apex Accelerator (previously known as the Procurement Technical Assistance Center), a Food & Ag Development Center, and a Brownfields Redevelopment Program. By offering advisory, training, and development services, the Great Falls Development Authority assists over 700 individuals and organizations annually.
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Impact
July, 2024
Great Falls Development Authority's impact can be seen in the growth and enhancement of economic opportunities within the 13-county Great Falls, Montana region. By providing business development services to a diverse range of areas including urban, rural, and tribal, the organization is actively working towards improving the quality of life for residents in North Central Montana. Serving over 700 entrepreneurs, businesses, and non-profit organizations annually through advising, training, and development services, Great Falls Development Authority is instrumental in fostering economic growth and vitality in the region. With a focus on people, place, opportunities, and team, the organization's strategic initiatives aim to create a thriving environment for businesses and individuals alike. Furthermore, programs such as the Small Business Development Center, Apex Accelerator, Food & Ag Development Center, and Brownfields Redevelopment Program demonstrate Great Falls Development Authority's commitment to driving innovation and sustainable development in the community. Through these efforts, the organization plays a crucial role in community improvement and economic advancement throughout the region.
This information is meant to be a general summary of Great Falls Development Authority. 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 2023.
- Investment Income: $11
- Program Service Revenue: $2,553,179
- Gross Receipts: $5,654,586
Assets and Liabilities:
- Total Assets: $24,426,365
- Total Liabilities: $7,500,534
- Net Assets: $16,925,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LENDING INTEREST AND F
Revenue
$1,049,884
OTHER GRANTS AND CONTR
Revenue
$890,587
TIF REIMBURSEMENT
Revenue
$317,814
PTAC AND SBDC
Revenue
$241,163
EPA BROWNFIELD
Revenue
$53,731
Organization Details
Founding Year
1990
Phone
(406) 750-2119Principal Officer
Brett Doney
Main Address
PO BOX 949, GREAT FALLS, MT, 59403
NTEE Category
Code: S430 - Community improvement
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