2022-09-14T10:26:13-05:00 2021-10-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2020-11-01 810307232 BUTTE LOCAL DEVELOPMENT CORPORATION BUTT 4067234349 65 E BROADWAY BUTTE MT 59701 KELLY SULLIVAN EXECUTIVE DIRECTOR 4067234349 2022-09-12 1 KELLY SULLIVAN 999009999 PATRICK BURT P00542745 4064944754 2022-09-12 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z KELLY SULLIVAN 65 E BROADWAY BUTTE MT 59701 2404697 0 X WWW.BUTTEMONTANA.ORG X 1969 MT TO PROMOTE ECONOMIC DEVELOPMENT IN THE AREA 15 15 0 0 0 0 418554 1398682 83514 513671 140623 240988 0 0 642691 2153341 0 0 0 0 321430 320485 0 0 26515 238047 271463 559477 591948 83214 1561393 6871207 7654650 2197374 1419424 4673833 6235226 LOCAL ECONOMIC DEVELOPMENT PROJECTS AND BUSINESS DEVELOPMENT TO PROMOTE BUSINESS RELOCATION AND EXPANSION AS WELL AS START UP IN THE AREA. PROVIDING SMALL BUSINESS WITH LOW INTEREST LOANS. 0 0 305593 LOCAL ECONOMIC DEVELOPMENT PROJECTS AND BUSINESS DEVELOPMENT TO PROMOTE BUSINESS RELOCATION AND EXPANSION AS WELL AS START UP IN THE AREA. PROVIDING SMALL BUSINESS WITH LOW INTEREST LOANS. 305593 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MT X BUTTE LOCAL DEVELOPMENT CORP 4067234349 65 E BROADWAY BUTTE MT 59701 X MARIA POCHERVINA PAST-PRESIDENT 0.00 X 0 0 0 JAY DOYLE PRESIDENT 0.00 X X 0 0 0 RICK EDWARDS MEMBER 0.00 X 0 0 0 MIKE PAFFHAUSEN MEMBER 0.00 X 0 0 0 CHAD LACEY MEMBER 0.00 X 0 0 0 BILL KEBE MEMBER 0.00 X 0 0 0 BILL MARKOVICH MEMBER 0.00 X 0 0 0 TY STETZNER VICE PRESIDENT 0.00 X X 0 0 0 CINDI SHAW MEMBER 0.00 X 0 0 0 LORETTA BOLYARD MEMBER 0.00 X 0 0 0 MIKE MCGIVERN MEMBER 0.00 X 0 0 0 JP GALLAGHER CHIEF EXECUTIVE 0.00 X X 0 0 0 STEVE GAMMONS MEMBER 0.00 X 0 0 0 ANTHONY LASLOVICH MEMBER 0.00 X 0 0 0 0 0 0 0 0 0 0 0 53510 1328922 16250 1398682 RECOVERY OF BAD DEBT 525990 398503 398503 INTEREST INCOME LOANS 525990 81030 81030 LOAN ORIGINATION FEES 525990 34138 34138 513671 142344 142344 350000 251356 98644 98644 98644 2153341 754659 0 0 222945 154174 54511 14260 97540 49994 43484 4062 43578 3132 39369 1077 30397 27627 2770 13047 3653 6132 3262 4585 4585 2436 2435 1 19711 18316 1395 398 398 3946 1234 2018 694 JOINT VENTURE CONTRACT 51245 51245 GRANT EXPENSES 44185 12226 31959 SSBCI FEES 21448 21448 COMPENSATED ABSENCES 10595 10595 25892 13789 11714 389 591948 305593 259840 26515 1844489 2673671 39648 49612 204727 74623 4205263 4530077 3021 3006 396983 73322 574059 323661 6871207 7654650 157742 11568 5120 10120 2034512 1397736 2197374 1419424 X 46053 440187 4627780 5795039 4673833 6235226 6871207 7654650 1561393 0 X 0 1 X 1 1 1 121776 121776 135736 135736 15745 13613 2132 123726 59709 64017 323661 X 2153341 0 2153341 0 2153341 0 0 0 0 0 PART X, LINE 2: AS OF OCTOBER 31, 2019, THE BLDC HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE MONTANA ECONOMIC REVITALIZATION & DEVELOPMENT INSTITUTE (MERDI) FORMER DIRECTOR IS THE PRESIDENT OF MERDI THE MONTANA ECONOMIC REVITALIZATION & DEVELOPMENT INSTITUTE (MERDI)PROVIDES TO THE BLDC FINANCIAL MANAGEMENT SERVICES, HOSTED ACCOUNTING AND LOAN MANAGEMENT SERVICES, AND OTHER DATA CENTER SERVICES FOR AN $18,000 ANNUAL FEE. THE PRESIDENT OF MERDI SERVED ON THE BOARD OF DIRECTORS OF THE BLDC. MERDI IS ALSO THE SOLE SHAREHOLDER OF MSE, INC. DURING 2014, THE BLDC ISSUED LOANS IN THE AMOUNT OF $145,169. IN AUGUST 2014, THE BLDC WAS APPROVED FOR RELEASE OF $316,040 FROM THE MONTANA STATE SMALL BUSINESS CREDIT INITIATIVE USED TO PAY DOWN BLDC LOANS ISSUED IN 2013 AND 2014. THESE LOANS WERE CURRENT AS OF OCTOBER 2014. 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWED A DRAFT COPY OF THE 2019 FORM 990 FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY BEING ACTIVE AND COMMUNICATING WITH THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 BUTTE LOCAL DEVELOPMENT MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.