2020-11-16T17:05:40-05:00 2019-12-31 463637074 Mehling Tax & Accounting Inc PO Box 2039 Billings MT 59103 990 2019-01-01 810485103 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION SOUT PO BOX 1935 COLSTRIP MT 59323 JAMES ATCHISON DIRECTOR 4067482990 2020-11-16 true Kathy Pimley P01225453 4062542724 2020-11-16 184.171.130.253 2020-11-16 18:08:38 8115242020321azcjmpd 2020-11-16 P D70510E1AA704905932FB197B00D4316E43F9108 D70510E1AA704905932FB197B00D4316E43F9108 2019 2021-01-29 14:40:06Z 291932 false X WWW.SEMDC.ORG X 1993 MT TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA 16 16 5 0 0 141888 151336 30825 32261 2211 2848 46765 105487 221689 291932 0 0 216041 214479 0 0 71732 44026 287773 258505 -66084 33427 1383493 1425795 422061 408131 961432 1017664 TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA false false 143516 78822 ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY 28703 64225 PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES 7176 17516 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 179395 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 5 true false false false false false false false false false false false false false false X 16 16 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 JOHN WILLIAMS PRESIDENT 4.00 0.00 X 0 0 0 JACK REGAN VICE PRESIDENT 4.00 0.00 X 0 0 0 AMY PONTIUS SECRETARY TREASURER 4.00 0.00 X 0 0 0 DONNA GIACOMETTO DIRECTOR 1.00 0.00 X 0 0 0 RAYMOND RAGSDALE DIRECTOR 1.00 0.00 X 0 0 0 DENNIS KOPITZKE DIRECTOR 1.00 0.00 X 0 0 0 DOUG MARTENS DIRECTOR 1.00 0.00 X 0 0 0 LARRY FINK DIRECTOR 1.00 0.00 X 0 0 0 ALAN SEE DIRECTOR 1.00 0.00 X 0 0 0 MARLO MOEHR DIRECTOR 1.00 0.00 X 0 0 0 KEITH HOLMLUND DIRECTOR 1.00 0.00 X 0 0 0 RICK HUBER DIRECTOR 1.00 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 RITA KRATKY DIRECTOR 1.00 0.00 X 0 0 0 JAMES ATCHISON EXECUTIVE DIRECTOR 40.00 0.00 X 69525 0 0 69525 0 0 0 false false false 28806 12043 106287 4200 151336 REVOLVING LOAN INCOME 900099 32261 32261 32261 2848 2848 12043 TOTAL OTHER REVENUE 561499 105487 105487 105487 291932 140596 0 0 69526 48668 20858 104772 78579 26193 5747 4023 1724 18751 14063 4688 15683 11762 3921 8328 6246 2082 6865 5149 1716 3868 2901 967 649 487 162 1312 984 328 8720 6540 2180 7973 5980 1993 6215 4661 1554 4369 4369 7495 5621 1874 TRAINING 687 515 172 OTHER OPERATING EXPENSES 12617 9463 3154 GRANT EXPENSE 72182 72182 LOAN LOSS EXPENSE -101953 -101953 4699 3524 1175 258505 179395 79110 0 230107 138859 266956 538804 45387 799248 619932 151407 68594 87182 82813 1383493 1425795 3164 -70 418897 408201 422061 408131 X 961432 1017664 961432 1017664 1383493 1425795 X 33427 22805 X false true X true false X 194426 211186 254075 219478 289084 1168249 194426 211186 254075 219478 289084 1168249 530625 637624 350 712 2307 2211 2848 8428 1176677 0.54190 0.65910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 55200 33897 21303 46207 34697 11510 82813 NOTES PAYABLE 373578 COMPENSATED ABSENCES 34623 408201 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