Nonprofit · EIN 81-0435350
GALLATIN DEVELOPMENT CORPORATION INC
Tax-exempt · BOZEMAN, MT 59718
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,620,490 | $1,424,456 | $196,034 | $13,325,816 | $12,273,705 | $1,052,111 |
| December 31, 2023 | 990 | $1,492,955 | $1,308,234 | $184,721 | $11,661,293 | $10,805,216 | $856,077 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $827,664
- of which government grants
- $467,245
- Membership dues
- $147,050
- Program service revenue
- $398,046
- Investment income
- $383,218
- Net income from fundraising events
- -$1,438
- Other revenue
- $11,562
Expenses
- Grants and similar amounts paid
- $77,643
- Compensation of officers, directors and key employees
- $230,582
- Other salaries and wages
- $528,843
- Salaries, compensation and benefits (total)
- $935,383
- Professional fundraising fees
- $0
- Occupancy
- $91,299
- Travel
- $16,874
- Depreciation
- $41,513
- Program services (functional)
- $1,022,859
- Management and general (functional)
- $302,906
- Fundraising (functional)
- $98,691
Balance sheet and other
- Total assets, start of year
- $11,661,293
- Total assets, end of year
- $13,325,816
- Total liabilities, end of year
- $12,273,705
- Net assets, end of year
- $1,052,111
- Land, buildings and equipment
- $74,732
- Net assets without donor restrictions
- $1,030,111
- Net assets with donor restrictions
- $22,000
- Gross receipts
- $1,622,628
- Employees
- 14
- Volunteers
- 43
- Year formed
- 1986
- 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 | Other / benefits |
|---|---|---|---|---|
| PAUL REICHERT | Executive Dir Officer | 40 | $120,003 | $12,546 |
| CAROLYN MURRAY | Finance Dir Officer | 40 | $101,506 | $18,651 |
| STEPHANIE GRAY | Director Trustee or director | 1 | $0 | $0 |
| MARLEY MCKENNA | Director Trustee or director | 1 | $0 | $0 |
| SKY COOK | Past President Trustee or director, Officer | 1.5 | $0 | $0 |
| ANNA JOHNSON | Director Trustee or director | 1 | $0 | $0 |
| BRYAN ROBERTUS | Director Trustee or director | 1 | $0 | $0 |
| CAREY LEEP | Director Trustee or director | 1 | $0 | $0 |
| COLEE WINGO | Director Trustee or director | 1 | $0 | $0 |
| JASON JOHNSON | President Trustee or director, Officer | 1.5 | $0 | $0 |
| DANIEL JULIANO | Director Trustee or director | 1 | $0 | $0 |
| SCOTT SEHNERT | Director Trustee or director | 1 | $0 | $0 |
| JON AYRES | Treasurer Trustee or director, Officer | 1.5 | $0 | $0 |
| VALERIE EDWARDS | Director Trustee or director | 1 | $0 | $0 |
| MATT SZCZEPANSKI | Secretary Trustee or director, Officer | 1.5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY MCNULTY | President Elect Trustee or director, Officer | 1.5 | $0 |
| EMMETT HASLER | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL REICHERT | Executive Dir Officer | 40 | $104,869 | $17,516 |
| CAROLYN MURRAY | Finance Dir Officer | 40 | $89,597 | $12,189 |
| STEPHANIE GRAY | Director Trustee or director | 1 | $0 | $0 |
| MARLEY MCKENNA | Past President Trustee or director, Officer | 1.5 | $0 | $0 |
| SKY COOK | President Trustee or director, Officer | 1.5 | $0 | $0 |
| ANNA JOHNSON | Director Trustee or director | 1 | $0 | $0 |
| BRYAN ROBERTUS | Director Trustee or director | 1 | $0 | $0 |
| CAREY LEEP | Director Trustee or director | 1 | $0 | $0 |
| COLEE WINGO | Director Trustee or director | 1 | $0 | $0 |
| JASON JOHNSON | President Elect Trustee or director, Officer | 1.5 | $0 | $0 |
| DANIEL JULIANO | Director Trustee or director | 1 | $0 | $0 |
| SCOTT SEHNERT | Director Trustee or director | 1 | $0 | $0 |
| JON AYRES | Director Trustee or director | 1 | $0 | $0 |
| VALERIE EDWARDS | Director Trustee or director | 1 | $0 | $0 |
| MATT SZCZEPANSKI | Secretary Trustee or director, Officer | 1.5 | $0 | $0 |
| AMY MCNULTY | Treasurer Trustee or director, Officer | 1.5 | $0 | $0 |
| EMMETT HASLER | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 865 TECHNOLOGY BLVD STE A, BOZEMAN, MT 59718-1552
- Principal officer (990 for 2024)
- PAUL REICHERT, 865 TECHNOLOGY BLVD SUITE A, BOZEMAN, MT 59718
- Signed the 990
- PAUL REICHERT, Executive Dir.
- Phone
- (406) 587-3113
- Website
- PROSPERAMT.ORG
- Return prepared by
- Amatics CPA Group
Mission
TO ADVANCE AND INSPIRE DIVERSE ECONOMIES AND RESILIENT COMMUNITIES IN SOUTHWEST MONTANA.
Program accomplishments
- OTHER ECONOMIC DEVELOPMENT:WE COORDINATE AND APPLY FOR VARIOUS GRANTS ON BEHALF OF BUSINESSES AND LOCAL GOVERNMENTS TO SUPPORT ECONOMIC DEVELOPMENT JOB CREATION AND PLANNING PROJECTS, RURAL BUSINESS DEVELOPMENT GRANTS, AND OTHER FEDERAL, STATE AND PRIVATE GRANTS AWARDED FOR DIVERSE COMMUNITY AND ECONOMIC DEVELOPMENT.Expenses $451,010 · grants $77,643 · revenue $288,737
- MONTANA WOMEN'S BUSINESS CENTER:THE MONTANA WOMEN'S BUSINESS CENTER PROVIDES BUSINESS COUNSELING, TRAINING,NETWORKING, AND MENTORING SERVICES TO NASCENT AND ESTABLISHED WOMEN ENTREPRENEURS. THE PROGRAM IS PARTIALLY FUNDED THROUGH A COOPERATIVE AGREEMENT WITH THE U.S. SMALL BUSINESS ADMINISTRATION. THE SERVICES ARE AVAILABLE TO EVERYONE.Expenses $301,367 · revenue $44,791
- MEMBERSHIP AND EVENTS:MEMBERSHIP SERVICES INCLUDE A HOST OF NETWORKING, TRAINING, AND RESEARCH FUNCTIONS DESIGNED TO ADVANCE OUR MISSION. WE HOLD MORE THAN 20 FUNCTIONS PER YEAR, CREATE OUR OWN PUBLICATIONS AND MATERIALS DISTRIBUTION, ATTEND PUBLIC SPEAKING AND MEDIA EVENTS.Expenses $159,408 · revenue $64,518
- LOAN PROGRAMS: PROVIDE ALTERNATIVE FINANCING FOR SMALL BUSINESSES WITH REVOLVING LOAN FUNDS AVAILABLE IN THE GALLATIN AND PARK COUNTIES.Expenses $111,074
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 on file |
IRS record
- EIN
- 81-0435350
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,325,816
- Income (IRS master file)
- $1,622,628
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,620,490 | $1,424,456 | $13,325,816 | XML |
| 990 | December 2023 | $1,492,955 | $1,308,234 | $11,661,293 | XML |
| 990 | December 2022 | $1,450,415 | $1,466,860 | $9,145,103 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 81-0435350).
Questions about GALLATIN DEVELOPMENT CORPORATION INC
- What is the EIN of GALLATIN DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of GALLATIN DEVELOPMENT CORPORATION INC is 81-0435350.
- Is GALLATIN DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1986.
- Are donations to GALLATIN DEVELOPMENT CORPORATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GALLATIN DEVELOPMENT CORPORATION 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 DEVELOPMENT CORPORATION 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 DEVELOPMENT CORPORATION 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 DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names PAUL REICHERT.
- Who are the officers and directors of GALLATIN DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $120,003 (PAUL REICHERT, Executive Dir).
- How much revenue does GALLATIN DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,620,490, expenses of $1,424,456 and total assets of $13,325,816 at year end.
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