2021-11-12T14:32:55-05:00 2020-12-31 463637074 Mehling Tax & Accounting Inc PO Box 2039 Billings MT 59103 990 2020-01-01 810485103 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION SOUT PO BOX 1935 COLSTRIP MT 59323 JAMES L ATCHISON DIRECTOR 4067483282 2021-11-10 false JAMES ATCHISON XXX-XX-XXXX Kathy Pimley P01225453 4062542724 2021-11-12 0 00 AAL1 IAL1 2020 2022-09-23 18:48:47Z 572575 false X WWW.SEMDC.ORG X 1993 MT TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA 14 14 5 0 0 151336 452645 32261 30175 2848 296 105487 89459 291932 572575 0 0 214479 213875 0 0 44026 272316 258505 486191 33427 86384 1425795 1620598 408131 539355 1017664 1081243 TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA false false 326853 154595 PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES 65370 125967 ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY 16343 34355 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 408566 true true false false false false false false false false true false false false true 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 true 1 0 true 5 true false false false false false false false false X 14 14 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 69525 0 3476 KEITH HOLMLUND DIRECTOR 1.00 0.00 X 0 0 0 MARLO MOEHR DIRECTOR 1.00 0.00 X 0 0 0 ALAN SEE DIRECTOR 1.00 0.00 X 0 0 0 RICK HUBER DIRECTOR 1.00 0.00 X 0 0 0 RITA KRATKY DIRECTOR 1.00 0.00 X 0 0 0 STEVE SMALL DIRECTOR 1.00 0.00 X 0 0 0 RUTH BAKER 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 DONNA GIACOMETTO DIRECTOR 1.00 0.00 X 0 0 0 DOUG MARTENS DIRECTOR 1.00 0.00 X 0 0 0 DENNIS KOPITZKE DIRECTOR 1.00 0.00 X 0 0 0 RAYMOND RAGSDALE DIRECTOR 1.00 0.00 X 0 0 0 69525 0 3476 0 false false false 27819 13120 313488 98218 452645 REVOLVING LOAN INCOME 900099 30175 30175 30175 296 296 13120 TOTAL OTHER REVENUE 561499 89459 89459 89459 572575 119930 0 0 66049 46234 19815 103759 77819 25940 6019 4213 1806 21016 15762 5254 17032 12774 4258 6329 4747 1582 6981 5236 1745 1711 1283 428 3781 2836 945 9523 7142 2381 4203 3152 1051 5776 4332 1444 4228 4228 9119 6839 2280 TRAINING 2085 1564 521 OTHER OPERATING EXPENSES 11559 8669 2890 GRANT EXPENSE 199356 199356 LOAN LOSS EXPENSE 3438 3438 4227 3170 1057 486191 408566 77625 0 138859 258765 538804 428051 45387 129734 619932 725461 139179 60592 82813 78587 1425795 1620598 -70 147131 408201 392224 408131 539355 X 1017664 1081243 1017664 1081243 1425795 1620598 X 86384 -22805 X false true X true false X 211186 254075 219478 289084 572279 1546102 211186 254075 219478 289084 572279 1546102 722274 823828 712 2307 2211 2848 296 8374 1554476 0.53000 0.54190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 55200 35146 20054 33979 25446 8533 78587 NOTES PAYABLE 357601 COMPENSATED ABSENCES 34623 392224 566497 566497 566497 480125 480125 480125 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 CHANGES MADE DUE TO THE PERFORMED INDEPENDENT AUDIT RESULTS