2018-11-13T13:21:57-05:00 2017-12-31 463637074 Mehling Tax & Accounting Inc PO Box 2039 Billings MT 59103 990 2017-01-01 810485103 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION SOUT PO BOX 1935 COLSTRIP MT 59323 JAMES ATCHISON EXECUTIVE DIREC 4067482990 2018-11-06 false Kathy Pimley P01225453 4062542724 2018-11-13 184.171.140.17 2018-11-13 13:35:03 8115242018317mkey20p 2018-11-13 P D11F06B266107DC5A282FCDB540342AC3208D76F D11F06B266107DC5A282FCDB540342AC3208D76F 2017 2019-02-21 02:37:17Z 340690 false X WWW.SEMDC.ORG X 1993 MT TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA 15 15 6 0 0 211186 254075 32879 32545 712 2307 104168 51763 348945 340690 0 0 275718 210948 0 0 80259 269357 355977 480305 -7032 -139615 1667524 1456345 463679 428829 1203845 1027516 TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA false false 321240 139933 ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY 64248 114142 PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES 16062 32545 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 401550 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 3 0 true 6 true false false false false false false false 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 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 SHARON DECOCK 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 STACY KIPPENSTEIN DIRECTOR 1.00 0.00 X 0 0 0 JAMES ATCHISON EXECUTIVE DIRECTOR 40.00 0.00 X 66049 0 0 66049 0 0 0 false false false 39802 139933 74340 254075 REVOLVING LOAN INCOME 900099 32545 32545 32545 2307 2307 TOTAL OTHER REVENUE 561499 51763 51763 51763 340690 86615 0 0 66049 46234 19815 108375 81281 27094 5846 4092 1754 16977 12733 4244 13701 10276 3425 2839 2129 710 3800 2850 950 6075 4556 1519 1235 926 309 9629 7222 2407 10781 8086 2695 6445 4834 1611 3881 3881 5523 4142 1381 TRAINING 1003 752 251 OTHER OPERATING EXPENSES 26830 20121 6709 GRANT EXPENSE 101534 101534 LOAN LOSS EXPENSE 89782 89782 480305 401550 78755 0 164346 218232 410810 486687 34234 8690 973875 653743 148837 59844 84259 88993 1667524 1456345 27703 16341 435976 412488 463679 428829 X 432099 255770 676746 676746 95000 95000 1203845 1027516 1667524 1456345 X -139615 -67445 30731 X false true X true false X 487310 367771 194426 211186 254075 1514768 487310 367771 194426 211186 254075 1514768 315233 1199535 1076 206 350 712 2307 4651 1519419 0.78950 0.88480 X 50000 50000 55200 31399 23801 43637 28445 15192 88993 NOTES PAYABLE 389118 COMPENSATED ABSENCES 23370 412488 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