2026-09-09T12:40:09-05:00 2025-10-31 810333198 NEWLAND AND COMPANY PC PO BOX 3006 BUTTE MT 597023006 990 2024-11-01 810307232 BUTTE LOCAL DEVELOPMENT CORPORATION BUTT 4067234349 65 E BROADWAY BUTTE MT 59701 KELLY SULLIVAN EXECUTIVE DIRECTOR 4067234349 2026-09-08 1 1 PATRICK BURT P00542745 4064944754 2026-09-08 2024 KELLY SULLIVAN 65 E BROADWAY BUTTE MT 59701 871047 0 X WWW.BUTTEMONTANA.ORG X 1969 MT TO PROMOTE ECONOMIC DEVELOPMENT IN THE AREA 15 15 0 0 0 0 326718 396672 146879 128061 335933 346314 0 0 809530 871047 0 0 0 0 329264 289052 0 0 28927 224105 248629 553369 537681 256161 333366 9028335 9260156 1004334 902789 8024001 8357367 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 259587 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. 259587 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 TABATHA HYATT MEMBER 0.00 X 0 0 0 RICK EDWARDS MEMBER 0.00 X 0 0 0 MIKE PAFFHAUSEN PRESIDENT 0.00 X X 0 0 0 LINDSEY SILVEIRA SECRETARY/TREASURER 0.00 X 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 0 0 0 0 0 0 0 0 81397 234550 80725 396672 INTEREST INCOME LOANS 525990 126411 126411 LOAN ORIGINATION FEES 525990 1650 1650 128061 346314 346314 871047 474375 0 0 235241 126818 86091 22332 53811 31018 19132 3661 60741 9352 51389 13225 12069 1156 7210 6648 562 29423 4252 24243 928 5123 5123 3340 3340 5052 5052 JOINT VENTURE CONTRACT 74908 46148 28760 RENT 19089 4812 14277 COMMUNICATION 11994 2502 9272 220 SUPPLIES 9360 3934 3640 1786 9164 6911 2253 537681 259587 249167 28927 2476040 2610965 425236 535679 27415 31634 5780892 5766387 2253 2332 398797 85638 316499 313159 9028335 9260156 33734 15879 1000 1000 966162 884951 3438 959 1004334 902789 X 672473 848694 7351528 7508673 8024001 8357367 9028335 9260156 333366 0 X X 0 1 X 1 1 1 121776 121776 133736 133736 30547 25603 4944 112738 60035 52703 313159 PAYROLL LIABILITIES 959 959 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. PART XXI THE ORGANIZATION HAS A FINANCE COMMITTEE THAT APPROVES THE SELECTION OF THE AUDITORS AND ALSO APPROVES THE AUDIT REPOR TPRIOR TO SUBMISSION.