Eastern Plains Economic Development Corporation
- Assets
- $474.7k
- Revenue
- $419.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Baker, MT
- Founding
- 12/2008
- Data as of
- 09/2023
- EIN
- 20-8067492
Organization Overview
Eastern Plains Economic Development Corporation is located in Baker, MT. The organization was established in 2008. 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. As of 09/2023, Eastern Plains Economic Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Plains Economic Development Corporation 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 09/2023, Eastern Plains Economic Development Corporation generated $419.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $196.6k during the year ending 09/2023. While expenses have increased by 4.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, STIMULATE AND PROMOTE ECONOMIC DEVELOPMENT, EXPANSION AND DIVERSIFICATION IN SOUTHEASTERN MONTANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIATION OF AN ECONOMIC DEVELOPMENT DISTRICT AND PROVIDING TECHNICAL ASSISTANCE TO STARTUP AND EXPANDING BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Epley Executive Di | Officer | 40 | $57,846 |
Steve Baldwin Director | Trustee | $0 | |
Jeff Bertelsen Director | Trustee | $0 | |
Jolene Boes Director | Trustee | $0 | |
Nadine Brown Director | Trustee | $0 | |
Amy Deines Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $374,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $380,217 |
| Total Program Service Revenue | $38,587 |
| Investment income | $411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $58,417 |
| Compensation of current officers, directors, key employees. | $7,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,061 |
| Pension plan accruals and contributions | $1,612 |
| Other employee benefits | $0 |
| Payroll taxes | $17,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,278 |
| Advertising and promotion | $1,749 |
| Office expenses | $8,406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,700 |
| Travel | $17,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $413 |
| Insurance | $4,457 |
| All other expenses | $20 |
| Total functional expenses | $196,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,068 |
| Savings and temporary cash investments | $103,234 |
| Pledges and grants receivable | $0 |
| 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 | $3,068 |
| Net Land, buildings, and equipment | $1,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,014 |
| Total assets | $474,665 |
| Accounts payable and accrued expenses | $13,040 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $13,040 |
| Net assets without donor restrictions | $411,625 |
| Net assets with donor restrictions | $50,000 |
| 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 | $474,665 |