Nonprofit · EIN 20-3116452
GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC
Tax-exempt · BOZEMAN, MT 59718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $182,243 | $182,677 | -$434 | $422,048 | $155 | $421,893 |
| December 31, 2023 | 990-EZ | $95,638 | $86,940 | $8,698 | $422,688 | $361 | $422,327 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $152,318
- Program service revenue
- $0
- Investment income
- $12,649
- Net income from fundraising events
- $17,276
- Other revenue
- $17,276
Expenses
- Grants and similar amounts paid
- $161,947
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $161,947
- Management and general (functional)
- $20,730
Balance sheet and other
- Total assets, start of year
- $422,688
- Total assets, end of year
- $422,048
- Total liabilities, end of year
- $155
- Net assets, end of year
- $421,893
- Net assets without donor restrictions
- $421,893
- Gross receipts
- $206,184
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- MT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PAUL REICHERT | Executive Dir Officer | 1 | $0 | $120,003 | $12,546 |
| CAROLYN MURRAY | FINANCE DIR Officer | 0.5 | $0 | $101,506 | $18,651 |
| STEPHANIE GRAY | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| MARLEY MCKENNA | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| SKY COOK | Past President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ANNA JOHNSON | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| BRYAN ROBERTUS | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| CAREY LEEP | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| COLEE WINGO | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| JASON JOHNSON | President Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| DANIEL JULIANO | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| SCOTT SEHNERT | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| JON AYRES | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| VALERIE EDWARDS | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| MATT SZCZEPANSKI | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY MCNULTY | PRESIDENT ELECT Trustee or director, Officer | 0.5 | $0 |
| EMMETT HASLER | Director Trustee or director | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL REICHERT | Executive Dir | 1 | $0 |
| CAROLYN MURRAY | FINANCE DIR | 0.5 | $0 |
| STEPHANIE GRAY | Director | 0.5 | $0 |
| MARLEY MCKENNA | PAST PRESIDENT | 0.5 | $0 |
| SKY COOK | President | 0.5 | $0 |
| ANNA JOHNSON | Director | 0.5 | $0 |
| BRYAN ROBERTUS | Director | 0.5 | $0 |
| CAREY LEEP | Director | 0.5 | $0 |
| COLEE WINGO | Director | 0.5 | $0 |
| JASON JOHNSON | PRESIDENT ELECT | 0.5 | $0 |
| DANIEL JULIANO | Director | 0.5 | $0 |
| SCOTT SEHNERT | Director | 0.5 | $0 |
| JON AYRES | Director | 0.5 | $0 |
| VALERIE EDWARDS | Director | 0.5 | $0 |
| MATT SZCZEPANSKI | Secretary | 0.5 | $0 |
| AMY MCNULTY | Treasurer | 0.5 | $0 |
| EMMETT HASLER | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 865 TECHNOLOGY BLVD STE A, BOZEMAN, MT 59718-1552
- In care of
- % PROSPERA BUSINESS NETWORK
- Mailing address (990-N for 2017)
- 2015 Charlotte Street Suite 1, Bozeman MT 59718
- Principal officer (990 for 2024)
- PAUL REICHERT, 865 TECHNOLOGY BLVD SUITE A, Bozeman, MT 59718
- Principal officer (990-N for 2017)
- Paul Reichert, 2015 Charlotte Street Suite 1, Bozeman MT 59718
- Signed the 990
- PAUL REICHERT, Executive Dir.
- Phone
- (406) 587-3113
- Return prepared by
- Amatics CPA Group
Mission
THE FOUNDATION WORKS TO STRENGTHEN THE ECONOMY OF GALLATIN COUNTY, MONTANA THROUGH LOCAL BUSINESS DEVELOPMENT ACTIVITIES IN AN EFFORT TO ATTRACT, RETAIN AND GROW JOBS AND BUSINESSES THROUGHOUT GALLATIN COUNTY.
Program accomplishments
- THE FOUNDATION PROVIDED GRANTS TO PROSPERA BUSINESS NETWORK TO SUPPORT ITS ECONOMIC DEVELOPMENT ACTIVITIES.Expenses $144,000 · grants $144,000
- The Foundation works to strengthen the economies of Gallatin and Park Counties and other areas of the state of Montana through business and community development.Expenses $17,947 · grants $17,947
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-3116452
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $422,048
- Income (IRS master file)
- $206,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $182,243 | $182,677 | $422,048 | XML |
| 990-EZ | December 2023 | $95,638 | $86,940 | $422,688 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Paul Reichert | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3116452).
Questions about GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC
- What is the EIN of GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC is 20-3116452.
- Is GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names PAUL REICHERT.
- Who are the officers and directors of GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does GALLATIN VALLEY FOUNDATION FOR ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $182,243, expenses of $182,677 and total assets of $422,048 at year end.
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