Gallatin Valley Foundation For Economic Development Inc
- Assets
- $422.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-3116452
Organization Overview
Gallatin Valley Foundation For Economic Development Inc is located in Bozeman, MT. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallatin Valley Foundation For Economic Development 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 12/2023, Gallatin Valley Foundation For Economic Development Inc generated $95.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $86.9k during the year ending 12/2023. While expenses have increased by 7.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDED GRANTS TO PROSPERA BUSINESS NETWORK TO SUPPORT ITS ECONOMIC DEVELOPMENT ACTIVITIES.
THE FOUNDATION PROVIDED GRANTS TO SMALL BUSINESSES IN WESTERN MONTANA TO HELP GROW THEIR BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,973 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,608 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $41,057 |
| Other Revenue | $0 |
| Total Revenue | $95,638 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,251 |
| Total expenses | $86,940 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $422,688 |
| Other assets | $0 |
| Total assets | $422,688 |
| Total liabilities | $361 |
| Net assets or fund balances | $422,327 |
Grants Awarded
Over the last fiscal year, Gallatin Valley Foundation For Economic Development Inc has awarded $211,666 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BIG SKY MOHAIR CINCHES LLC PURPOSE: IMPACT GRANT | $6,966 |
GALLATIN DEVELOPMENT CORP PURPOSE: SCHOLARSHIPS, CONSTRUCTION, GRANTS | $204,700 |