Montana Cooperative Development Center Inc
- Assets
- $357.5k
- Revenue
- $497.6k
- Investments
- $140.2k
- Employees
- 6
- Location
- Great Falls, MT
- Founding
- 09/2004
- Data as of
- 09/2021
- EIN
- 20-0436490
Organization Overview
Montana Cooperative Development Center Inc is located in Great Falls, MT. The organization was established in 2004. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Montana Cooperative Development Center Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Cooperative Development Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Montana Cooperative Development Center Inc generated $497.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $497.9k during the year ending 09/2021. While expenses have increased by 3.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP COORPERATIVES TO MEET THE ECONOMIC NEEDS AND COMMUNITY NEEDS OF RURAL MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE ARE MCDC'S TOP THREE PROGRAM SERVICE ACCOMPLISHMENTS AS MEASURED BY THEIR SHARE OF OVERALL EXPENDITURES: 1) TECHNICAL ASSISTANCE PROVIDED TO LEADERS OF PROSPECTIVE COOPERATIVE ENTERPRISES AND TRAINING OF THOSE GOVERNING AND MANAGING START-UP COOPERATIVES.2) DEVELOPMENT OF AN OPI APPROVED ONLINE CURRICULUM WITH A WEBSITE FOR EDUCATION AND OUTREACH OF THE COOPERATIVE BUSINESS MODEL, AND THE IMPACTS COOPERATIVES HAVE IN MONTANA.3) THE CONTINUED GROWTH OF A NETWORK OF COOPERATIVE SPECIALISTS ACROSS THE STATE AND IMPLEMENTING/UTILIZING SALESFORCE FOR TRACKING OF MCDC IMPACTS IN MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Mcintyre Executive Director | Officer | 40 | $66,982 |
Erik Somerfeld President | OfficerTrustee | 1 | $0 |
Ranel Smith Vice President | OfficerTrustee | 1 | $0 |
Cyndi Johnson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Keith Schumacher Board Member | Trustee | 1 | $0 |
Tyrel Hamilton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $346,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,441 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,336 |
| Total Program Service Revenue | $45,825 |
| Investment income | $9,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,833 |
| Compensation of current officers, directors, key employees. | $8,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,187 |
| Pension plan accruals and contributions | $5,861 |
| Other employee benefits | $18,640 |
| Payroll taxes | $19,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,833 |
| Fees for services: Accounting | $5,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,863 |
| Advertising and promotion | $23,158 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,576 |
| Travel | $18,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,510 |
| Insurance | $2,810 |
| All other expenses | $11,095 |
| Total functional expenses | $497,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,205 |
| Savings and temporary cash investments | $109,777 |
| Pledges and grants receivable | $67,431 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $140,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $357,457 |
| Accounts payable and accrued expenses | $3,830 |
| Grants payable | $0 |
| Deferred revenue | $97,931 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,132 |
| Total liabilities | $131,893 |
| Net assets without donor restrictions | $221,133 |
| Net assets with donor restrictions | $4,431 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $357,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Cooperative Development Center Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT PURPOSE: MONTANA YOUTH APPRENTICE SUBGRANT-COMMUNITY CAPACITY BUILDING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Western Organization Of Resource Billings, MT | $7,655,474 | $9,479,621 |
Dubois Community Project Inc Dubois, WY | $25,993 | $2,941 |
New West Community Capital Inc Boise, ID | $45,251,574 | $3,085,847 |
Lemhi County Economic Development Corporation Salmon, ID | $408,880 | $806,548 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
North Central Planning Council Devils Lake, ND | $2,034,561 | $1,088,900 |
The Blessing Projects Moran, WY | $225,465 | $598,592 |
Montana Cooperative Development Center Inc Great Falls, MT | $357,457 | $497,645 |
North Dakota Farmers Union Foundation Jamestown, ND | $258,278 | $297,826 |
Griggs-Steele Empowerment Zone Inc Finley, ND | $5,018,876 | $162,623 |