Overview
What is Snowy Mountain Development Corp?
Snowy Mountain Development Corp is a nonprofit organization situated in Lewistown, Montana. With a focus on community development, it aims to improve economic and social conditions in a six-county rural area of central Montana. The organization achieves this mission by conserving, utilizing, expanding, and developing all accessible resources within the region. With a workforce of eight dedicated individuals, Snowy Mountain Development Corp is committed to building a thriving and cohesive community in this all-rural area.
Official website here: www.snowymountaindevelopment.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This score indicates a solid performance in terms of accountability and finance, reflecting the organization's strong governance and transparency practices. The rating is derived entirely from the Accountability & Finance beacon, where Snowy Mountain Development Corp achieved a commendable score of 81%.
The organization demonstrates a high level of independence with 100% of its board members being independent, alongside a well-sized board that contributes to effective oversight. It also has strong financial management, as evidenced by a low liabilities to assets ratio of 19.55% and an impressive program expense ratio of 93.70%, indicating that a significant portion of its expenses directly supports its missions.
Strengths in various policies, including conflict of interest and whistleblower protections, further enhance its accountability. However, there are no noted limitations or areas of concern in the data, suggesting that Snowy Mountain Development Corp operates with a strong commitment to ethical practices and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Snowy Mountain Development Corp legitimate?
Snowy Mountain Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snowy Mountain Development Corp 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
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Other Salaries and Wages: $454,756
For more financial information, click here
Official website here: www.snowymountaindevelopment.com
What is the mission statement of Snowy Mountain Development Corp?
The Snowy Mountain Development Corp's mission is focused on enhancing both economic and social conditions. They achieve this goal by employing conservation, utilization, expansion, and development strategies for all available resources within their reach. The primary objective of this corporation is to improve the overall well-being of the community in a six-county rural area of Central Montana, thereby building economic and community capital.
Official website here: www.snowymountaindevelopment.com
Who is the CEO of Snowy Mountain Development Corp?
Sara Hudson is the Chairman of Snowy Mountain Development Corp.
Official website here: www.snowymountaindevelopment.com
What is the revenue of Snowy Mountain Development Corp?
Snowy Mountain Development Corp's revenue in 2022 was $1,131,925.
Official website here: www.snowymountaindevelopment.com
Who are the executives of Snowy Mountain Development Corp and what are their salaries?
The average compensation at Snowy Mountain Development Corp during 2022 was $56,844. There are 8 employees and 19 volunteers at Snowy Mountain Development Corp.
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Official website here: www.snowymountaindevelopment.com
Where can I find the form 990 for Snowy Mountain Development Corp?
Snowy Mountain Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.snowymountaindevelopment.com
Learn more at the official website: www.snowymountaindevelopment.com
Mission Statement of Snowy Mountain Development Corp
Snowy Mountain Development Corp is dedicated to enhancing both economic and social conditions in its operational area. This nonprofit organization achieves its goal by employing conservation, utilization, expansion, and development strategies for all readily available resources. Its mission is to leverage these approaches to foster sustainable growth and improvement, ultimately benefiting the community as a whole. By focusing on the responsible use of resources, Snowy Mountain Development Corp aims to build a robust economic and communal foundation.
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Impact
July, 2024
Snowy Mountain Development Corp has had a significant impact on the rural six-county area of central Montana by actively working to improve economic and social conditions through the conservation, utilization, expansion, and development of all accessible resources in the region. By focusing on building economic and community capital in an all-rural area, Snowy Mountain Development Corp has been instrumental in driving progress and positive change in this area. Through their dedicated efforts, they have helped enhance the quality of life for residents, promote sustainable practices, and foster community improvement.
This information is meant to be a general summary of Snowy Mountain Development Corp. 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.
- Program Service Revenue: $262,413
- Gross Receipts: $1,131,925
Assets and Liabilities:
- Total Assets: $3,680,506
- Total Liabilities: $629,155
- Net Assets: $3,051,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUES
Revenue
$150,446
OTHER INCOME
Revenue
$54,803
LOAN INTEREST
Revenue
$45,532
LOAN FEES
Revenue
$11,632
Organization Details
Founding Year
2021
Phone
(406) 535-2591Principal Officer
Sara Hudson
Main Address
507 W MAIN ST, LEWISTOWN, MT, 59457
NTEE Category
Code: S30 - Community improvement
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