2024-09-13T13:19:11-05:00 2023-10-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2022-11-01 810307232 BUTTE LOCAL DEVELOPMENT CORPORATION BUTT 4067234349 65 E BROADWAY BUTTE MT 59701 KELLY SULLIVAN EXECUTIVE DIRECTOR 4067234349 2024-09-13 1 0 PATRICK BURT P00542745 4064944754 2024-09-13 2022 2024-08-08 14:25:15Z KELLY SULLIVAN 65 E BROADWAY BUTTE MT 59701 136819 0 X WWW.BUTTEMONTANA.ORG X 1969 MT TO PROMOTE ECONOMIC DEVELOPMENT IN THE AREA 15 15 0 0 0 0 2006828 332008 192130 -432067 164048 223350 0 0 2363006 123291 0 0 0 0 243174 307807 0 0 21631 452888 209810 696062 517617 1666944 -394326 9224367 8971051 1322196 1203211 7902171 7767840 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 258168 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. 258168 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 TY STENZNER 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 LINDSEY SILVEIRA MEMBER 0.00 X 0 0 0 BILL KEBE MEMBER 0.00 X 0 0 0 SHAWN FREDRICKSON MEMBER 0.00 X 0 0 0 KYLE CARTER MEMBER 0.00 X 0 0 0 LORETTA BOLYARD VICE PRESIDENT 0.00 X X 0 0 0 ANGELA LUEKING MEMBER 0.00 X 0 0 0 JP GALLAGHER CHIEF EXECUTIVE 0.00 X X 0 0 0 TONY MICHLIG MEMBER 0.00 X 0 0 0 ANTHONY LASLOVICH MEMBER 0.00 X 0 0 0 TABATHA HYATT MEMBER 0.00 X 0 0 0 0 0 0 0 0 0 0 0 85610 203863 42535 332008 INTEREST INCOME LOANS 525990 92839 92839 LOAN ORIGINATION FEES 525990 27931 27931 RECOVERY OF BAD DEBT 525990 -552837 -552837 -432067 162927 162927 73951 13528 60423 60423 60423 123291 -208717 0 0 250892 140011 95361 15520 56915 27274 26757 2884 15931 10293 5638 13044 5823 7221 16449 2105 14344 17461 17461 17180 17180 7596 7436 160 JOINT VENTURE CONTRACT 69846 35256 34590 GRANT EXPENSES 20196 20196 SUPPLIES 12386 6605 2554 3227 LAND HOLDING COST 5427 5427 14294 477 13817 517617 258168 237818 21631 3293132 2710774 178581 246712 17974 1416 5395940 5689469 2272 2539 398797 78656 336468 320141 9224367 8971051 6840 6130 10120 1000 1294440 1194614 10796 1467 1322196 1203211 X 618466 574586 7283705 7193254 7902171 7767840 9224367 8971051 X -394326 259995 X 0 0 0 121776 121776 133736 133736 30547 15607 14940 112738 63049 49689 320141 PAYROLL LIABILITIES 1467 1467 X 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. FORM 990, PART XI, LINE 9: BEG OF YEAR CORRECTION 259,995.