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Nonprofit · EIN 81-0485103

SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION

Tax-exempt · COLSTRIP, MT 59323

Financials

$2.1M$1.2M2023$1.2M$621K2024
Revenue Expenses · by fiscal year end
Financials of SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,225,242$621,149$604,093$3,540,841$311,133$3,229,708
December 31, 2023990$2,061,619$1,243,845$817,774$2,809,153$345,707$2,463,446
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,146,613
of which government grants
$741,614
Program service revenue
$56,989
Investment income
$12,887
Net income from fundraising events
$8,753
Other revenue
$8,753

Expenses

Grants and similar amounts paid
$27,000
Compensation of officers, directors and key employees
$81,500
Other salaries and wages
$151,989
Salaries, compensation and benefits (total)
$299,961
Professional fundraising fees
$0
Legal fees
$517
Accounting fees
$1,577
Occupancy
$6,756
Travel
$8,336
Depreciation
$4,883
Program services (functional)
$526,381
Management and general (functional)
$94,768

Balance sheet and other

Total assets, start of year
$2,809,153
Total assets, end of year
$3,540,841
Total liabilities, end of year
$311,133
Net assets, end of year
$3,229,708
Land, buildings and equipment
$73,952
Net assets without donor restrictions
$2,401,908
Net assets with donor restrictions
$827,800
Gross receipts
$1,241,732
Employees
7
Year formed
1993
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.

NameTitleHours / weekCompensation
JAMES ATCHISONEXECUTIVE DIRECTOR
Officer
40$81,500
JOHN WILLIAMSPRESIDENT
Trustee or director
4$0
JASON STROUFVICE PRESIDENT
Trustee or director
4$0
AMY PONTIUSSECRETARY TREASURER
Trustee or director
4$0
RAYMOND RAGSDALEDIRECTOR
Trustee or director
1$0
DENNIS KOPITZKEDIRECTOR
Trustee or director
1$0
MARLO MOEHRDIRECTOR
Trustee or director
1$0
RUTH BAKERDIRECTOR
Trustee or director
1$0
STEVE SMALLDIRECTOR
Trustee or director
1$0
RITA KRATKYDIRECTOR
Trustee or director
1$0
SCOTT HEINDIRECTOR
Trustee or director
1$0
KEN ROLANDSONDIRECTOR
Trustee or director
1$0
ALAN SEEDIRECTOR
Trustee or director
1$0
KEN WOOLEYDIRECTOR
Trustee or director
1$0
LORI FORTNERDIRECTOR
Trustee or director
1$0
3 more people on this return
NameTitleHours / weekCompensation
JACK REGANDIRECTOR
Trustee or director
1$0
DWAYNE ANDREWSDIRECTOR
Trustee or director
1$0
MARIAH SOLDIERWOLFDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
JAMES ATCHISONEXECUTIVE DIRECTOR
Officer
40$80,000
KEN ROLANDSONDIRECTOR
Trustee or director
1$0
ALAN SEEDIRECTOR
Trustee or director
1$0
RITA KRATKYDIRECTOR
Trustee or director
1$0
SCOTT HEINDIRECTOR
Trustee or director
1$0
JACK REGANDIRECTOR
Trustee or director
1$0
DWAYNE ANDREWSDIRECTOR
Trustee or director
1$0
KEN WOOLEYDIRECTOR
Trustee or director
1$0
LORI FORTNERDIRECTOR
Trustee or director
1$0
AMY PONTIUSSECRETARY TREASURER
Trustee or director
4$0
RAYMOND RAGSDALEDIRECTOR
Trustee or director
1$0
JOHN WILLIAMSPRESIDENT
Trustee or director
4$0
JASON STROUFVICE PRESIDENT
Trustee or director
4$0
RUTH BAKERDIRECTOR
Trustee or director
1$0
STEVE SMALLDIRECTOR
Trustee or director
1$0
DENNIS KOPITZKEDIRECTOR
Trustee or director
1$0
MARLO MOEHRDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 1935, COLSTRIP, MT 59323-1935
In care of
% JAMES ATCHISON
Signed the 990
JAMES ATCHISON, EXECUTIVE DIRECTOR
Phone
(406) 748-2990
Return prepared by
Mehling Tax & Accounting Inc

Mission

TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE BUSINESS CONSULTATION SERVICES, FREE OF CHARGE, TO CLIENTS: WORK WITH BUSINESS EXPANSIONS, BUSINESS STARTUPS AND BUYOUTS OF EXISTING BUSINESSES
    Expenses $421,105
  • ADMINISTER GRANTS AND TECHNICAL ASSISTANCE GRANTS RECEIVED BY ENTITY OR BY BUSINESSES UNDER THE ADMINSTRATION OF THIS ENTITY
    Expenses $84,221
  • ADMINISTERED A REVOLVING LOAN PROGRAM FOR SMALL BUSINESSES THROUGHOUT THE YEAR, PROVIDING ASSISTANCE THROUGH THE APPLICATION PROCESS AND DEVELOPMENT OF BUSINESS PLAN, AND OBTAINING COMMERCIAL FINANCING: TECHNICAL ASSISTANCE TO LOAN PROGRAM CLIENTS
    Expenses $21,055

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-0485103
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
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,540,841
Income (IRS master file)
$1,241,732

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,225,242$621,149$3,540,841IRS
990December 2023$2,061,619$1,243,845$2,809,153XML
990December 2022$744,820$530,263$1,996,928IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 81-0485103).

Questions about SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION

What is the EIN of SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION?
The employer identification number (EIN) of SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION is 81-0485103.
Is SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION 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 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION 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 SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $81,500 (JAMES ATCHISON, EXECUTIVE DIRECTOR).
How much revenue does SOUTHEASTERN MONTANA DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,225,242, expenses of $621,149 and total assets of $3,540,841 at year end.

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