EIN 81-0485103

Southeastern Montana Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Colstrip
State
Year formed
1993
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Southeastern Montana Development Corporation encourages, stimulates, and promotes economic development, expansion and diversification in Southeastern Montana. The corporation administers a revolving loan program for small businesses, provides technical assistance to loan program clients and offers free business consultation services to work with business expansions, business startups and buyouts of existing businesses.
Total revenues
$2,061,619
2023
Total expenses
$1,243,845
2023
Total assets
$2,809,153
2023
Num. employees
6
2023

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
GrantmakerDescriptionAmount
Montana Community Foundation (MCF)Moose Lodge Renovation; Local Business Development$209,750
First Interstate BancSystem FoundationGeneral Support$1,065

Personnel at Southeastern Montana Development Corporation

NameTitleCompensation
Jim AtchisonExecutive Director
Amber HertAdministrative Services Director and Loan Officer
Julie Emmons-StoddardCommunity Service Director and Grant Manager
James L AtchisonPast Director$81,000

Financials for Southeastern Montana Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,981,317
Program services$52,373
Investment income and dividends$4,062
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$23,867
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,061,619

Form 990s for Southeastern Montana Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-12990View PDF
2019-122021-03-02990View PDF
...and 10 more Form 990s
Data update history
September 24, 2024
Updated personnel
Identified 3 new personnel
August 9, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $209,750 from Montana Community Foundation (MCF)
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/ 
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
Free account sign-up

Want updates when Southeastern Montana Development Corporation has new information, or want to find more organizations like Southeastern Montana Development Corporation?

Create free Cause IQ account