2024-11-15T13:45:01-05:00 2023-12-31 463637074 Mehling Tax & Accounting Inc PO Box 2039 Billings MT 59103 990 2023-01-01 810485103 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION SOUT PO BOX 1935 COLSTRIP MT 59323 JAMES L ATCHISON EXECUTIVE DIREC 4067482990 2024-10-25 false true Kathy Pimley P01225453 4062542724 2024-11-15 2023 2024-10-15 13:58:12Z 2074045 false X WWW.SEMDC.ORG X 1993 MT TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA 17 17 6 0 0 658184 1981317 38698 52373 1424 4062 46514 23867 744820 2061619 25000 20500 0 355552 306644 0 0 149711 916701 530263 1243845 214557 817774 1996928 2809153 399164 345707 1597764 2463446 TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA false false 913941 PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES 182788 ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY 45697 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 1142426 true true false false false false false false false false true false false false true false false false false false false 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 true 0 0 true 6 true false false false false false false false false X 17 17 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 80000 0 0 KEN ROLANDSON DIRECTOR 1.00 0.00 X 0 0 0 ALAN SEE DIRECTOR 1.00 0.00 X 0 0 0 RITA KRATKY DIRECTOR 1.00 0.00 X 0 0 0 SCOTT HEIN DIRECTOR 1.00 0.00 X 0 0 0 JACK REGAN DIRECTOR 1.00 0.00 X 0 0 0 DWAYNE ANDREWS DIRECTOR 1.00 0.00 X 0 0 0 KEN WOOLEY DIRECTOR 1.00 0.00 X 0 0 0 LORI FORTNER DIRECTOR 1.00 0.00 X 0 0 0 AMY PONTIUS SECRETARY TREASURER 4.00 0.00 X 0 0 0 RAYMOND RAGSDALE DIRECTOR 1.00 0.00 X 0 0 0 JOHN WILLIAMS PRESIDENT 4.00 0.00 X 0 0 0 JASON STROUF VICE PRESIDENT 4.00 0.00 X 0 0 0 RUTH BAKER DIRECTOR 1.00 0.00 X 0 0 0 STEVE SMALL DIRECTOR 1.00 0.00 X 0 0 0 DENNIS KOPITZKE DIRECTOR 1.00 0.00 X 0 0 0 MARLO MOEHR DIRECTOR 1.00 0.00 X 0 0 0 80000 0 0 0 false false false 1864452 116865 1981317 REVOLVING LOAN INCOME 900099 52373 52373 52373 4062 4062 36293 12426 23867 23867 2061619 56435 0 23867 20500 20500 80000 56000 24000 158405 118804 39601 10604 7423 3181 36469 27352 9117 21166 15875 5291 10744 8058 2686 3572 2679 893 1807 1355 452 1563 1172 391 7743 5807 1936 10824 8118 2706 7267 7267 7276 5457 1819 TRAINING 2925 2194 731 OTHER MISC BUSINESS EXP 185 139 46 GRANTLOAN EXPENSES 844975 844975 LOAN LOSS EXPENSES 12612 12612 5208 3906 1302 1243845 1142426 101419 0 150190 199252 667250 619560 1092965 1911085 156649 77393 86523 79256 1996928 2809153 34903 14089 364261 331618 399164 345707 X 1597764 1635646 827800 1597764 2463446 1996928 2809153 817774 47908 0 X false false false X 289084 572279 1296601 743396 2057557 4958917 289084 572279 1296601 743396 2057557 4958917 3241136 1717781 2848 296 50 1424 4062 8680 4967597 0.34580 0.38130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 55200 38893 16307 51449 38500 12949 79256 LONG TERM LIABILITIES 331618 331618 GOLF TOURNEY 36293 36293 12426 36293 36293 12426 12426 23867 SCHOLARSHIPS 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