Nonprofit · EIN 81-0515595
RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY
Tax-exempt · HAMILTON, MT 59840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $436,833 | $342,847 | $93,986 | $6,922,977 | $1,881,859 | $5,041,118 |
| June 30, 2024 | 990 | $430,835 | $424,383 | $6,452 | $5,746,259 | $808,633 | $4,937,626 |
| June 30, 2023 | 990 | $383,902 | $349,359 | $34,543 | $5,774,759 | $852,865 | $4,921,894 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $149,169
- of which government grants
- $141,169
- Program service revenue
- $285,033
- Investment income
- $0
- Other revenue
- $2,631
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,041
- Other salaries and wages
- $90,086
- Salaries, compensation and benefits (total)
- $169,314
- Professional fundraising fees
- $0
- Accounting fees
- $22,150
- Occupancy
- $32,968
- Travel
- $2,579
- Depreciation
- $62,894
- Program services (functional)
- $298,564
- Management and general (functional)
- $44,283
Balance sheet and other
- Total assets, start of year
- $5,746,259
- Total assets, end of year
- $6,922,977
- Total liabilities, end of year
- $1,881,859
- Net assets, end of year
- $5,041,118
- Land, buildings and equipment
- $2,518,822
- Net assets without donor restrictions
- $1,518,961
- Net assets with donor restrictions
- $3,522,157
- Gross receipts
- $436,833
- Employees
- 3
- Year formed
- 1997
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE FOSTER | Executive Dir. Officer | 40 | $67,308 |
| MICHAEL BRADT | CHAIR Trustee or director, Officer | 1.5 | $0 |
| DOUG DAVIS | Treasurer Trustee or director, Officer | 0.8 | $0 |
| WAYNE RUSK | COMMISSIONER Trustee or director | 0.5 | $0 |
| JAMIE TADVICK | COMMISSIONER Trustee or director | 0.5 | $0 |
| TERESA POLUMSKY | VICE CHAIR Trustee or director, Officer | 0.8 | $0 |
| ALICIA CARTER | COMMISSIONER Trustee or director | 0.5 | $0 |
| KAREN MAHAR | COMMISSIONER Trustee or director | 0.5 | $0 |
| GREG CHILCOTT | COUNTY LIASON Trustee or director | 0.5 | $0 |
| KURT SAGER | COMMISSIONER Trustee or director | 0.5 | $0 |
| HAYDEN DAVIS | COMMISSIONER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE FOSTER | Executive Dir. Officer | 40 | $58,135 |
| ROBERT WHALEN | COMMISSIONER Trustee or director | 0.5 | $0 |
| MICHAEL BRADT | CHAIR Trustee or director, Officer | 1.5 | $0 |
| DOUG DAVIS | Treasurer Trustee or director, Officer | 0.8 | $0 |
| WAYNE RUSK | COMMISSIONER Trustee or director | 0.5 | $0 |
| JAMIE TADVICK | COMMISSIONER Trustee or director | 0.5 | $0 |
| ROBERT THOMAS | COMMISSIONER Trustee or director | 0.5 | $0 |
| TERESA POLUMSKY | VICE CHAIR Trustee or director, Officer | 0.8 | $0 |
| ALICIA CARTER | COMMISSIONER Trustee or director | 0.5 | $0 |
| KAREN MAHAR | COMMISSIONER Trustee or director | 0.5 | $0 |
| GREG CHILCOTT | COUNTY LIASON Trustee or director | 0.5 | $0 |
| KURT SAGER | COMMISSIONER Trustee or director | 0.5 | $0 |
| HAYDON DAVIS | COMMISSIONER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE FOSTER | EXECUTIVE DIRECTOR Officer | 40 | $56,112 |
| ROBERT WHALEN | CHAIR Trustee or director, Officer | 1.5 | $0 |
| MICHAEL BRADT | VICE CHAIR Trustee or director, Officer | 0.8 | $0 |
| DOUG DAVIS | TREASURER Trustee or director, Officer | 0.8 | $0 |
| WAYNE RUSK | COMMISSIONER Trustee or director | 0.5 | $0 |
| JAMIE TADVICK | COMMISSIONER Trustee or director | 0.5 | $0 |
| ROBERT THOMAS | COMMISSIONER Trustee or director | 0.5 | $0 |
| TERI POLUMSKY | COMMISSIONER Trustee or director | 0.5 | $0 |
| ALICIA CARTER | COMMISSIONER Trustee or director | 0.5 | $0 |
| KAREN MAHAR | COMMISSIONER Trustee or director | 0.5 | $0 |
| GREG CHILCOTT | COUNTY LIASON Trustee or director | 0.5 | $0 |
| EDWARD GREEF | COMMISSIONER (FORMER) Trustee or director | 0.5 | $0 |
| JEFF YOUNKIN | COMMISSIONER (FORMER) Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 274 OLD CORVALLIS RD STE A, HAMILTON, MT 59840-3213
- In care of
- % MONTE K DRAKE
- Principal officer (990 for 2024)
- JULIE FOSTER, 274 OLD CORVALLIS RD STE A, HAMILTON, MT 59840
- Signed the 990
- JULIE FOSTER, Executive Dir.
- Phone
- (406) 375-9416
- Website
- WWW.RCEDA.ORG
- Return prepared by
- Carver Florek & James LLC
Mission
PROVIDE ECONOMIC ASSISTANCE TO LOCAL BUSINESSES AND ENTREPRENEURS
Program accomplishments
- ASSIST BUSINESSES IN SECURING FINANCING THAT CAN HELP DEVELOP INFRASTRUCTURE, SUPPORT GROWTH OF EXISTING COMPANIES, NURTURE NEW COMPANY FORMATION, AND WORK TO EXPAND EARLY-STAGE BUSINESS CAPITAL RESOURCES FOR YOUNG COMPANIES.Expenses $228,998 · revenue $183,449
- OPERATE BUSINESS INCUBATOR AND PROVIDE ENTREPRENEURIAL SUPPORT SERVICES AND HELP CREATE THE INFRASTRUCTURE FOR A "KNOWLEDGE-BASED ECONOMY".Expenses $69,566 · revenue $101,584
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0515595
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,922,977
- Income (IRS master file)
- $436,833
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $436,833 | $342,847 | $6,922,977 | XML |
| 990 | June 2024 | $430,835 | $424,383 | $5,746,259 | XML |
| 990 | June 2023 | $383,902 | $349,359 | $5,774,759 | XML |
| 990 | June 2022 | $263,981 | $230,500 | $5,790,854 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 81-0515595).
Questions about RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY
- What is the EIN of RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY?
- The employer identification number (EIN) of RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY is 81-0515595.
- Is RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY 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 RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY?
- The 990 for the year ended June 30, 2025 names JULIE FOSTER.
- Who are the officers and directors of RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $67,308 (JULIE FOSTER, Executive Dir.).
- How much revenue does RAVALLI COUNTY ECONOMIC DEVELOPMENT AUTHORITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $436,833, expenses of $342,847 and total assets of $6,922,977 at year end.
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