2024-05-03T18:52:45-04:00 2023-12-31 933962119 SWIFTCURRENT ACCOUNTING & TAX INC 19 APPLEWAY DRIVE KALISPELL MT 59901 990EZ 2023-01-01 473336769 COLUMBIA FALLS COMMUNITY MARKET COLU 4062607084 PO BOX 130070 CORAM MT 59913 MICHELLE BANKS TREASURER 4062607084 2024-04-24 true MICHELLE BANKS 999009999 true CHRISTIAN SHAEFFER CPA P01458458 4067555428 2024-04-24 X 2023 2023-04-26 12:10:37Z X X N/A X X 98678 X 62667 36011 98678 45073 45037 2932 35 30011 123088 -24410 39757 15347 X 25812 1287 16980 15528 42792 16815 3035 1468 39757 15347 X COLUMBIA FALLS COMMUNITY MARKET OFFERS FRIENDS, FAMILIES, NEIGHBORS AND VISITORS THE CHANCE TO MORE CONVENIENTLY LIVE A FARM-TO-TABLE LIFESTYLE WHILE ENJOYING EACH OTHERS COMPANY, LIVE MUSIC, FRESH FOOD, DESSERTS, ARTISAN GIFTS AND LOCALLY-BREWED BEER. THE ORGANIZATION PRODUCES A WEEKLY EVENT EVERY THURSDAY THROUGH THE SUMMER FROM 5:00PM UNTIL 8:00PM. THE HIGHWAY-FRONT LOCATION AT THE HEART OF TOWN AND THE GATEWAY TO GLACIER NATIONAL PARK IS A MEANINGFUL ADDITION TO THE COMMUNITY. THE OPPORTUNITY FOR OUR COMMUNITY TO MORE CONVENIENTLY LIVE A FARM-TO- TABLE LIFESTYLE IS BEYOND EXCITING THE MARKET SPACE PROVIDES AMPLE PARKING FOR VENDORS AND ATTENDEES, A SAFELY-ENCLOSED BUT OPEN-AIR SELLING SPACE, A CENTRAL MUSIC STAGE AND DANCE FLOOR, FOOD COURT, EXCELLENT CURB APPEAL AND PLENTY OF VISIBILITY. 102433 102433 RYAN GARNACHE VICE PRESIDE 1.35 0 MICHELLE BANKS TREASURER 1.04 0 MELISSA ELLIS EXECUTIVE DI 1.85 41309 LISA JAKOBER PRESIDENT 1.25 0 LANCE LYNCH SECRETARY 0.30 0 X false false false false false false false false false SHEILA COULTER PO BOX 552 WHITEFISH MT 59937 4062700928 false false false false false false false false false false false NONE NONE true X 18475 17935 25000 60000 62667 184077 38842 26621 39076 62619 36011 203169 8550 10158 18000 3102 39810 65867 54714 82076 125721 98678 427056 427056 65867 54714 82076 125721 98678 427056 1.00000 1.00000 0.00000 0.00000 X FORM 990-EZ, PART I, LINE 16 MARKET MERCHANDISE SUPPLIES 799 COST OF GOODS SOLD 507 EXPENSES ADVERTISING 4,682 OFFICE SUPPLIES 311 LICENSE FEE AND DUES 385 MEETING MEALS 9 INSURANCE 3,874 BANK CHARGES 285 RENTAL 15,164 NON-INVESTMENT DEPRECIATION 3,995 TOTAL 30,011 FORM 990-EZ, PART II, LINE 24 PREPAID EXPENSES AND DEFERRED CHARGES 82 0 31,860 34,485 LESS ACCUMULATED DEPRECIATION 14,962 18,957 TOTAL 16,980 15,528 FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,035 1,468 FORM 990-EZ, PART III COLUMBIA FALLS COMMUNITY MARKET OFFERS FRIENDS, FAMILIES, NEIGHBORS AND VISITORS THE CHANCE TO MORE CONVENIENTLY LIVE A FARM-TO-TABLE LIFESTYLE WHILE ENJOYING EACH OTHERS COMPANY, LIVE MUSIC, FRESH FOOD, DESSERTS, ARTISAN GIFTS AND LOCALLY-BREWED BEER. FORM 990-EZ, PART III, LINE 28 THE ORGANIZATION PRODUCES A WEEKLY EVENT EVERY THURSDAY THROUGH THE SUMMER FROM 5:00PM UNTIL 8:00PM. THE HIGHWAY-FRONT LOCATION AT THE HEART OF TOWN AND THE GATEWAY TO GLACIER NATIONAL PARK IS A MEANINGFUL ADDITION TO THE COMMUNITY. THE OPPORTUNITY FOR OUR COMMUNITY TO MORE CONVENIENTLY LIVE A FARM-TO- TABLE LIFESTYLE IS BEYOND EXCITING THE MARKET SPACE PROVIDES AMPLE PARKING FOR VENDORS AND ATTENDEES, A SAFELY-ENCLOSED BUT OPEN-AIR SELLING SPACE, A CENTRAL MUSIC STAGE AND DANCE FLOOR, FOOD COURT, EXCELLENT CURB APPEAL AND PLENTY OF VISIBILITY. FORM 990-EZ, PART V THE ORGANIZATION CAME UNDER NEW LEADERSHIP IN JUNE 2020. PRIOR TO THAT DATE, THE ORGANIZATION WAS RUN AND OPERATED WITHOUT A BOARD, TO THE EXTENT OF THE ORGANIZATION'S KNOWLEDGE. RATHER, THE SOLE LEADERSHIP WAS THE FOUNDER, O'BRIEN BYRD ALONG WITH HIS WIFE, MELANIE BYRD. WHEN NEW LEADERSHIP FOR THE ORGANIZATION REVIEWED THE PAST BOOKS AND RECORDS, IT IDENTIFIED SEVERAL TRANSACTIONS BETWEEN THE ORGANIZATION AND THE BYRDS OR ONE OF THEIR ENTITIES, BOTH O'BRIEN'S LIQUOR STORE AND THREE BYRDS PROPERTIES, LLC. ON INFORMATION AND BELIEF, THE ORGANIZATION UNDERSTANDS THE BYRDS OWNED AT LEAST A 35% INTEREST IN THESE ENTITIES AT THE TIME OF THE TRANSACTIONS BETWEEN THE ORGANIZATION AND THE RELATED LLCS. THE BYRDS USED ORGANIZATION FUNDS TO MAKE IMPROVEMENTS TO REAL PROPERTY HELD BY THE BYRDS THROUGH BOTH THREE BYRDS AND O'BRIEN'S LIQUOR STORE. THIS WAS DISCOVERED THROUGH THE ORGANIZATIONS RETENTION OF LEGAL AND TAX PROFESSIONALS TO REVIEW THE ORGANIZATION'S PAST TRANSACTIONS. THE ORGANIZATION HAS ATTEMPTED TO COORDINATE RESOLUTION OF THESE ISSUES WITH THE BYRDS' CONDUCT SINCE LATE 2022, AS WELL AS TO PROVIDE THE BYRDS AND THE RELATED ENTITIES THE OPPORTUNITY TO REIMBURSE THE ORGANIZATION. THE ORGANIZATION RUNS A COMMUNITY MARKET LOCATED ON PROPERTY OWNED BY THE BYRD LLCS CURRENTLY, AND IT ENTERED INTO A NEW ARMS-LENGTH LEASE IN EARLY 2021 AND UPDATED IN 2022. THE ORGANIZATION IS NOW IN LITIGATION WITH THE BYRDS AND THE LLCS RELATED TO THAT LEASE AS WELL AS THE REQUESTS FOR REIMBURSEMENT FOR THE BYRDS USE OF ORGANIZATION FUNDS FOR THE BENEFIT OF THEMSELVES AND THEIR RELATED CLOSELY HELD COMPANIES.