EIN 81-0302638

Bear Paw Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
12
City
Havre
State
Year formed
1968
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Bear Paw Development Corporation encourages economic development in five Montana counties, serving as the host for a small business development center. Funding from various sources enables the corporation to hire individuals. The brownfields program has received $5.45 million in grants from the EPA since 2009, with $1.8 million going towards performing environmental assessments on properties within the Bear Paw district.
Also known as...
Bear Paw Development Corp of North Montana Hill County Courthouse
Total revenues
$3,217,270
2023
Total expenses
$1,151,392
2023
Total assets
$12,950,980
2023
Num. employees
12
2023

Program areas at Bear Paw Development Corporation

Economic Development program activities. Bear Paw Development corporation works with local and tribal government officials, and private interests, on individual projects in a number of areas, including community planning, value-added agriculture and infrastructure Development. In 2023, these efforts contributed substantially to the economic vitality of the region, underscoring Bear Paw's pivotal role in advancing Development in this rural area.
Administration of loan programs for economic Development. Through Bear Paw Development's loan department, $2.6 million was loaned to small businesses in 2023 for start-up or expansion opportunities. These loans were for businesses that could not receive financing from conventional bank sources. This loan activity resulted in the creation or retention of 3 jobs.
Bear Paw Development's brownfields program that started in 2009 has been funded by a total of $5.45 million in grants from the epa. $1.8 million of this amount is associated with performing environmental assessments on properties in the Bear Paw district that are contaminated or perceived to be contaminated. $3.65 million is associated with the establishment of a brownfields revolving loan fund to make low or no interest loans to businesses and other entities wishing to cleanup contamination on their property. To date, 93 assessments and 17 cleanups have been completed
Small business Development center activities. Bear Paw Development corporation serves as the host for one of ten small business Development centers located throughout Montana. Funding through a variety of sources allows Bear Paw Development to hire an individual responsible for assisting small business owners and aspiring entrepreneurs with assistance in developing business plans, finance strategies, and marketing opportunities. In 2023, the sbdc at Bear Paw Development counseled 80 distinct clients, which resulted in over $515,000 in financing from local banks and other sources. This funding helped to start 5 new businesses, while supporting 36 jobs.st. Mary rehabilitation working group activities. Bear Paw Development corporation serves as fiscal agent for this group of concerned entities in the milk river basin that has organized to expedite the rehabilitation of the st. mary conveyance works and canal system, which delivers water for irrigation, recreation, and municipal use to a broad area of northern Montana. The group consists of representatives from municipalities, conservation groups, irrigation districts, and others, and works with the state and federal officials, in an attempt to secure funding for this aging infrastructure, which was developed nearly 100 years ago.

Grants made by Bear Paw Development Corporation

GranteeGrant descriptionAmount
Help Committee Boys and Girls Club of the Hi-LineAsbestos Cleanup$76,042
Havre Eagles ManorAsbestos Cleanup$8,898

Personnel at Bear Paw Development Corporation

NameTitleCompensation
Paul TussExecutive Director$94,724
Stefnie ReddingDirector of Operations$51,811
Sara StrisselDirector of Community Planning
Julea RobbinsDirector of Community Development
Joe LaplanteDirector of Small Business
...and 11 more key personnel

Financials for Bear Paw Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,602,823
Program services$176,936
Investment income and dividends$437,511
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,217,270

Form 990s for Bear Paw Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-10990View PDF
2022-122023-11-01990View PDF
2021-122022-11-15990View PDF
2020-122021-09-27990View PDF
2019-122020-12-03990View PDF
...and 9 more Form 990s
Data update history
August 8, 2024
Used new vendors
Identified 1 new vendor, including
January 21, 2024
Updated personnel
Identified 6 new personnel
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Used new vendors
Identified 1 new vendor, including
October 8, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 170
Havre, MT 59501
County
Hill County, MT
Website URL
bearpaw.org/ 
Phone
(406) 265-9226
IRS details
EIN
81-0302638
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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