2023-11-15T16:28:35-05:00 2022-12-31 463637074 Mehling Tax & Accounting Inc PO Box 2039 Billings MT 59103 990 2022-01-01 810485103 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION SOUT PO BOX 1935 COLSTRIP MT 59323 JAMES L ATCHISON DIRECTOR 4067482990 2023-11-08 false JAMES ATCHISON XXX-XX-XXXX Kathy Pimley P01225453 4062542724 2023-11-15 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z 744820 false X WWW.SEMDC.ORG X 1993 MT TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA 15 15 7 0 0 1223520 658184 37055 38698 50 1424 36029 46514 1296654 744820 25000 0 237399 355552 0 0 483505 149711 720904 530263 575750 214557 2050730 1996928 393737 399164 1656993 1597764 TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA false false 334467 PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES 66893 ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY 16723 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 418083 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 7 true false false false false false false false false X 15 15 false false false false true true false true true false false true true false false false false false false false MT X JIM ATCHISON 4067482990 PO BOX 1935 COLSTRIP MT 59323 JAMES ATCHISON EXECUTIVE DIRECTOR 40.00 0.00 X 81000 0 0 LARRY FINK DIRECTOR 1.00 0.00 X 0 0 0 SCOTT HEIN DIRECTOR 1.00 0.00 X 0 0 0 RITA KRATKY DIRECTOR 1.00 0.00 X 0 0 0 ALAN SEE DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW REGAN DIRECTOR 1.00 0.00 X 0 0 0 LORI FORTNER DIRECTOR 1.00 0.00 X 0 0 0 JASON STROUF DIRECTOR 1.00 0.00 X 0 0 0 STEVE SMALL DIRECTOR 1.00 0.00 X 0 0 0 AMY PONTIUS SECRETARY TREASURER 4.00 0.00 X 0 0 0 JACK REGAN VICE PRESIDENT 4.00 0.00 X 0 0 0 JOHN WILLIAMS PRESIDENT 4.00 0.00 X 0 0 0 RAYMOND RAGSDALE DIRECTOR 1.00 0.00 X 0 0 0 RUTH BAKER DIRECTOR 1.00 0.00 X 0 0 0 MARLO MOEHR DIRECTOR 1.00 0.00 X 0 0 0 DENNIS KOPITZKE DIRECTOR 1.00 0.00 X 0 0 0 81000 0 0 0 false false false 27525 391876 238783 658184 REVOLVING LOAN INCOME 900099 38698 38698 38698 1424 1424 TOTAL OTHER REVENUE 561499 46514 46514 46514 744820 86636 0 0 25000 25000 81000 56700 24300 201449 151087 50362 9016 6311 2705 40792 30594 10198 23295 17471 5824 1837 1378 459 3637 2728 909 375 281 94 1297 973 324 7911 5933 1978 13263 9947 3316 5283 5283 8943 6707 2236 TRAINING 2947 2210 737 FUNDRAISING EXPENSES 9402 9402 GRANT EXPENSE 75111 75111 LOAN FEES 5885 5885 13820 10365 3455 530263 418083 112180 0 363645 150190 295007 667250 52000 1262756 1092965 156649 70126 77322 86523 2050730 1996928 23267 34903 370470 364261 393737 399164 X 1656993 1597764 1656993 1597764 2050730 1996928 X 214557 -273786 X false false false X 219478 289084 572279 1296601 743396 3120838 219478 289084 572279 1296601 743396 3120838 1928155 1192683 2211 2848 296 50 1424 6829 3127667 0.38130 0.40550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 55200 37644 17556 51449 32482 18967 86523 NOTES PAYABLE 364261 COMPENSATED ABSENCES 364261 SCHOLARSHIPS 5 25000 Members or stockholder classes and rights Part VI line 6 ELIGIBLE MEMBERSHIP OF THIS ENTITY IS RESTRICTED TO LOCAL GOVERNMENT UNITS WITHIN THE SOUTHEASTERN MONTANA ECONOMIC DEVELOPMENT CORPORATIONS DEVELOPMENT DISTRICT AS DESIGNATED BY THE US ECONOMIC DEVELOPMENT ADMINISTRATION Member election for additional members Part VI line 7a THE LOCAL GOVERNMENT UNITS WITHIN THIS DEVELOPMENT DISTRICT CAN ELECT MEMBERS OF THE GOVERNING BODY, OR CAN APPOINT THOSE MEMBERS FROM WITHIN THEIR LOCAL GOVERNMENT UNIT Form 990 governing body review Part VI line 11 REVIEW OF FORM 990 IS CONDUCTED BY THE EXECUTIVE DIRECTOR Governing documents etc available to public Part VI line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE ORGANIZATIONS OFFICE IN COLSTRIP, MONTANA. THE PUBLIC MAY MAKE A REQUEST TO THE EXECUTIVE DIRECTOR TO SEE THE DOCUMENTS AND WILL BE ALLOWED TO REVIEW COPIES OF THE DOCUMENTS AT THE ORGANZIATIONS OFFICE. Explanation of other changes in net assets or fund balances Part XI line 9 2021 FIGURES ENTERED BEFORE AUDIT CORRECTIONS WERE KNOWN AND ADJUSTED