2017-11-09T16:13:17-05:00 2016-12-31 463637074 Mehling Tax & Accounting Inc PO Box 2039 Billings MT 59103 990 2016-01-01 810485103 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION SOUT PO BOX 1935 COLSTRIP MT 59323 JAMES ATCHISON EXECUTIVE DIREC 4067482990 2017-10-18 false Fritz Mehling II P00671003 4062542724 2017-11-09 184.171.140.17 2017-11-10 16:36:53 81152420173141qruyu4 2017-11-10 P 9FAD487FABB0FC693B40BD43CB9B547E0AE40483 9FAD487FABB0FC693B40BD43CB9B547E0AE40483 2016 2021-01-29 14:40:06Z 348945 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 194426 211186 46224 32879 35 712 56716 104168 297401 348945 0 0 274093 275718 0 0 109014 80259 383107 355977 -85706 -7032 1772684 1667524 461853 463679 1310831 1203845 TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA false false 207836 138762 ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY 41568 72424 PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES 10392 32879 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 259796 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 2 0 true 6 true false false false false false false false 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 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 38920 138762 33504 211186 REVOLVING LOAN INCOME 900099 32879 32879 32879 712 712 TOTAL OTHER REVENUE 561499 104168 104168 104168 348945 137759 0 0 66049 46234 19815 154437 115828 38609 12701 8891 3810 24692 18519 6173 17839 13379 4460 2678 2009 669 3700 2775 925 3457 2593 864 856 642 214 942 707 235 11794 8846 2948 7743 5807 1936 5169 5169 5192 3894 1298 TRAINING 14106 10580 3526 OTHER OPERATING EXPENSES 22122 16592 5530 GRANT EXPENSE 2500 2500 355977 259796 96181 0 155552 164346 345640 410810 26999 34234 1156024 973875 148137 63878 88469 84259 1772684 1667524 27474 27703 434379 435976 461853 463679 X 179860 432099 1035971 676746 95000 95000 1310831 1203845 1772684 1667524 X -7032 -9584 -90370 X false true X true false X 498976 487310 367771 194426 211186 1759669 498976 487310 367771 194426 211186 1759669 200112 1559557 673 1076 206 350 712 3017 1762686 0.88480 0.97350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 50000 55200 30150 25050 42937 33728 9209 84259 NOTES PAYABLE 418042 COMPENSATED ABSENCES 17934 435976 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