Program areas at Southeastern Montana Development Corporation
Provide business consultation services, free of charge, to clients: work with business expansions, business startups and buyouts of existing businesses
Administered a revolving loan program for small businesses throughout the year, providing assistance through the application process and Development of business plan, and obtaining commercial financing: technical assistance to loan program clients
Administer grants and technical assistance grants received by entity or by businesses under the adminstration of this entity
Who funds Southeastern Montana Development Corporation
Grants from foundations and other nonprofits
Personnel at Southeastern Montana Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Jim Atchison | Executive Director | | 2024-09-23 |
| Amber Hert | Administrative Services Director and Loan Officer | | 2024-09-23 |
| Julie Emmons-Stoddard | Community Service Director and Grant Manager | | 2024-09-23 |
| James L Atchison | Past Director | $81,000 | 2023-11-15 |
Financials for Southeastern Montana Development Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $1,981,317 | $658,184 | 201% |
| Program services | $52,373 | $38,698 | 35.3% |
| Investment income and dividends | $4,062 | $1,424 | 185.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $23,867 | $0 | 999% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $46,514 | -100% |
| Total revenues | $2,061,619 | $744,820 | 176.8% |
Organizations like Southeastern Montana Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Cumberland Area Economic Development Corporation | 501(c)(3) | Mechanicsburg, PA | $3,143,193 |
| Central Carolina Economic Development Alliance | 501(c)(3) | Columbia, SC | $2,238,552 |
| East New York Restoration Local Development Corp | 501(c)(3) | Brooklyn, NY | $713,844 |
| The Well Community Development Corporation | 501(c)(3) | Akron, OH | $5,122,965 |
| Southern Minnesota Initiative Foundation (SMIF) | 501(c)(3) | Owatonna, MN | $5,876,900 |
| Hartford Economic Development Corporation (HEDCO) | 501(c)(3) | Hartford, CT | $4,502,536 |
| Bronx Overall Economic Development Corporation (BXEDC) | 501(c)(3) | Bronx, NY | $1,719,593 |
| Door County Economic Development Corporation | 501(c)(3) | Sturgeon Bay, WI | $597,296 |
| Horizon Foundation | 501(c)(3) | Fort Myers, FL | $598,513 |
| Maui Economic Development Board | 501(c)(3) | Kihei, HI | $6,751,092 |
Data update history
September 24, 2024
Updated personnel
Identified 3 new personnel
August 9, 2024
Used new vendors
Identified 1 new vendor, including
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
- Address
- PO Box 1935
- Colstrip, MT 59323
- County
- Rosebud County, MT
- Website URL
- semdc.org/Â
IRS details
- EIN
- 81-0485103
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1993
- 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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