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Southeastern Montana Development Corporation

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

EIN: 810485103 ✦ Colstrip, MT ✦ Designated as a 501(c)(3)

Overview

What is Southeastern Montana Development Corporation?

The Southeastern Montana Development Corporation is a nonprofit organization based in Colstrip, Montana. With a team of seven dedicated individuals, their primary mission is to stimulate, encourage, and promote economic growth, expansion, and diversification in the southeastern region of Montana. They offer free business consultation services to clients, aiding in business expansions, startups, and buyouts of existing businesses. Their goal is to contribute positively to the local economy and foster sustainable development in the area.


Official website here: www.semdc.org

Is Southeastern Montana Development Corporation legitimate?

Southeastern Montana Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern Montana 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.

Here are some key statistics you may want to consider:

Executive Compensation: $81,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,449

For more financial information, click here


Official website here: www.semdc.org

What is the mission statement of Southeastern Montana Development Corporation?

The Southeastern Montana Development Corporation's mission is to foster economic growth and diversification in the region. They achieve this by encouraging, stimulating, and promoting economic development, expansion, and diversification. To accomplish this, they offer free business consultation services, assisting with business expansions, startups, and buyouts of existing businesses. Their goal is to contribute positively to the economic landscape of southeastern Montana.


Official website here: www.semdc.org

Who is the CEO of Southeastern Montana Development Corporation?

James Atchison is the Executive Director of Southeastern Montana Development Corporation.


Official website here: www.semdc.org

What is the revenue of Southeastern Montana Development Corporation?

Southeastern Montana Development Corporation's revenue in 2022 was $744,820.


Official website here: www.semdc.org

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

The average compensation at Southeastern Montana Development Corporation during 2022 was $40,350. There are 7 employees at Southeastern Montana Development Corporation.

Here are 16 key members and their salaries:

    James Atchison (Executive Director)
  • Compensation: $81,000
  • Related: $0
  • Other: $0

    • Larry Fink (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Hein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rita Kratky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan See (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Regan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Fortner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Strouf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Small (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Pontius (Secretary Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Regan (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Williams (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Ragsdale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ruth Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marlo Moehr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Kopitzke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.semdc.org

    Where can I find the form 990 for Southeastern Montana Development Corporation?

    The Southeastern Montana Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.semdc.org

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

    Mission Statement of Southeastern Montana Development Corporation

    The Southeastern Montana Development Corporation, a not-for-profit organization, is committed to fostering economic growth, expansion, and diversification in the southeastern region of Montana. Their mission is to actively stimulate and promote business development, serving as a catalyst for clients engaged in business expansions, startups, and the acquisition of existing businesses. By offering free business consultation services, this corporation aims to contribute significantly to the economic development of the region.

    Impact

    This information is meant to be a general summary of Southeastern Montana Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Southeastern Montana Development Corporation's impact can be seen in the economic growth, expansion, and diversification of businesses in Southeastern Montana. By providing free business consultation services to clients, this organization has played a vital role in supporting business expansions, startups, and buyouts of existing businesses in the region. Through their mission to encourage, stimulate, and promote economic development, Southeastern Montana Development Corporation has helped drive community improvement and create opportunities for sustainable growth in Colstrip and surrounding areas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $1,424
  • Program Service Revenue: $38,698
  • Gross Receipts: $744,820

    • Assets and Liabilities:
  • Total Assets: $1,996,928
  • Total Liabilities: $399,164
  • Net Assets: $1,597,764
  • Programs

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

    REVOLVING LOAN INCOME

    Revenue

    $38,698

    Organization Details

    Founding Year

    1993

    Principal Officer

    James Atchison

    Main Address

    PO BOX 1935, COLSTRIP, MT, 59323

    NTEE Category

    Code: S20Z - Community improvement

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