Beartooth Resource Conservation And Development Area Inc
- Assets
- $1.9m
- Revenue
- $547.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Joliet, MT
- Founding
- 11/1990
- Data as of
- 12/2022
- EIN
- 36-3705448
Organization Overview
Beartooth Resource Conservation And Development Area Inc is located in Joliet, MT. The organization was established in 1990. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Beartooth Resource Conservation And Development Area Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beartooth Resource Conservation And Development Area 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 12/2022, Beartooth Resource Conservation And Development Area Inc generated $547.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $483.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RC&D IS SPONSORED AND DIRECTED BY LOCAL PEOPLE AS A REGIONAL VEHICLE TO IMPROVE THE ECONOMIC AND SOCIAL CONDITIONS THROUGH THE CONSERVATION, UTILIZATION, AND DEVELOPMENT OF THE NATURAL AND HUMAN RESOURCES OF THE AREA. BEARTOOTH RESOURCE CONSERVATION AND DEVELOPMENT AREA, INC. PROVIDES A MEANS TO FOCUS THE RESOURCES OF PEOPLE WITH VARIOUS BACKGROUNDS, EXPERTISE, AND POINTS OF VIEW. PEOPLE WORKING TOGETHER CAN DEVELOP AND IMPLEMENT A PLAN WHICH WILL ADDRESS PROBLEMS OR ISSUES THAT AFFECT THEIR QUALITY OF LIFE. THE RC&D IS ESSENTIALLY "CITIZENS BUILDING STRONGER COMMUNITIES."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RC&D PROMOTES RURAL DEVELOPMENT, ECONOMIC DEVELOPMENT AND CONSERVATION IN BIG HORN, CARBON, STILLWATER, SWEETGRASS, AND YELLOWSTONE COUNTIES OF MONTANA AS A CERTIFIED REGIONAL DEVELOPMENT CORPORATION (CRDC) BY ASSISTING CLIENTS WITH PROJECT DEVELOPMENT, PROJECT PLANNING, AND GRANT WRITING AS WELL AS WELL AS WORKING WITH MUNICIPALITIES AND COUNTIES ON IMPROVEMENT OF PUBLIC SERVICES, INFRASTRUCTURE AND FACILITIES. THE RC&D ALSO HAS A FOOD AND AG DEVELOPMENT CENTER (FADC) THAT HELPS PRODUCERS INNOVATE AND GROW BUSINESSES THAT PRODUCE AND COMMERCIALIZE FOOD, AGRICULTURE, AND RENEWABLE ENERGY PRODUCTS AND PROCESSES.
THE RC&D ADMINISTERS A REVOLVING LOAN FUND (RLF) TO PROMOTE ECONOMIC DEVELOPMENT. THE ROLE OF THE RLF IS TO PROVIDE GAP FINANCING TO BUSINESSES WHO WOULD FIND IT DIFFICULT TO MEET CONVENTIONAL UNDERWRITING STANDARDS. JOB CREATION IS THE PRIMARY GOAL, ESPECIALLY BY PROVIDING EMPLOYMENT TO THOSE IN LOW AND MODERATE INCOME CATEGORIES. IN 2022, 17 LOANS WERE SERVICED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Van Ballegooyen Chair | OfficerTrustee | 1 | $0 |
Sidney Fitzpatrick Director | Trustee | 1 | $0 |
Scott Miller Director | Trustee | 1 | $0 |
Melanie Roe Director | Trustee | 1 | $0 |
Steve Riveland Director | Trustee | 1 | $0 |
Don Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,453 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $391,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,060 |
| Total Program Service Revenue | $71,682 |
| Investment income | $1,941 |
| 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 | $547,906 |
| 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. | $128,299 |
| Compensation of current officers, directors, key employees. | $17,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,664 |
| Payroll taxes | $0 |
| Fees for services: Management | $16,475 |
| Fees for services: Legal | $1,940 |
| Fees for services: Accounting | $26,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,247 |
| Advertising and promotion | $3,445 |
| Office expenses | $4,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,731 |
| Travel | $7,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,769 |
| All other expenses | $0 |
| Total functional expenses | $483,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,761 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,281,552 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,334 |
| Total assets | $1,870,260 |
| Accounts payable and accrued expenses | $78,751 |
| 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 | $486,053 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $564,804 |
| Net assets without donor restrictions | $99,609 |
| Net assets with donor restrictions | $1,205,847 |
| 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 | $1,870,260 |