Bear Paw Development Corp Of North Montana Hill County Courthouse
- Assets
- $13.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Havre, MT
- Founding
- 05/1969
- Data as of
- 12/2023
- EIN
- 81-0302638
Organization Overview
Bear Paw Development Corp Of North Montana Hill County Courthouse is located in Havre, MT. The organization was established in 1969. 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 12/2023, Bear Paw Development Corp Of North Montana Hill County Courthouse employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Paw Development Corp Of North Montana Hill County Courthouse 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, Bear Paw Development Corp Of North Montana Hill County Courthouse generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
THE COMPANY'S PRIMARY FUNCTION IS THE ENCOURAGEMENT OF ECONOMIC DEVELOPMENT IN HILL, BLAINE, LIBERTY, PHILLIPS AND CHOUTEAU COUNTIES OF MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT PROGRAM ACTIVITIES. BEAR PAW DEVELOPMENT CORPORATION WORKS WITH LOCAL AND TRIBAL GOVERNMENT OFFICIALS, AND PRIVATE INTERESTS, ON INDIVIDUAL PROJECTS IN A NUMBER OF AREAS, INCLUDING COMMUNITY PLANNING, VALUE-ADDED AGRICULTURE AND INFRASTRUCTURE DEVELOPMENT. IN 2023, THESE EFFORTS CONTRIBUTED SUBSTANTIALLY TO THE ECONOMIC VITALITY OF THE REGION, UNDERSCORING BEAR PAW'S PIVOTAL ROLE IN ADVANCING DEVELOPMENT IN THIS RURAL AREA.
SMALL BUSINESS DEVELOPMENT CENTER ACTIVITIES. BEAR PAW DEVELOPMENT CORPORATION SERVES AS THE HOST FOR ONE OF TEN SMALL BUSINESS DEVELOPMENT CENTERS LOCATED THROUGHOUT MONTANA. FUNDING THROUGH A VARIETY OF SOURCES ALLOWS BEAR PAW DEVELOPMENT TO HIRE AN INDIVIDUAL RESPONSIBLE FOR ASSISTING SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS WITH ASSISTANCE IN DEVELOPING BUSINESS PLANS, FINANCE STRATEGIES, AND MARKETING OPPORTUNITIES. IN 2023, THE SBDC AT BEAR PAW DEVELOPMENT COUNSELED 80 DISTINCT CLIENTS, WHICH RESULTED IN OVER $515,000 IN FINANCING FROM LOCAL BANKS AND OTHER SOURCES. THIS FUNDING HELPED TO START 5 NEW BUSINESSES, WHILE SUPPORTING 36 JOBS.ST. MARY REHABILITATION WORKING GROUP ACTIVITIES. BEAR PAW DEVELOPMENT CORPORATION SERVES AS FISCAL AGENT FOR THIS GROUP OF CONCERNED ENTITIES IN THE MILK RIVER BASIN THAT HAS ORGANIZED TO EXPEDITE THE REHABILITATION OF THE ST. MARY CONVEYANCE WORKS AND CANAL SYSTEM, WHICH DELIVERS WATER FOR IRRIGATION, RECREATION, AND MUNICIPAL USE TO A BROAD AREA OF NORTHERN MONTANA. THE GROUP CONSISTS OF REPRESENTATIVES FROM MUNICIPALITIES, CONSERVATION GROUPS, IRRIGATION DISTRICTS, AND OTHERS, AND WORKS WITH THE STATE AND FEDERAL OFFICIALS, IN AN ATTEMPT TO SECURE FUNDING FOR THIS AGING INFRASTRUCTURE, WHICH WAS DEVELOPED NEARLY 100 YEARS AGO.
BEAR PAW DEVELOPMENT'S BROWNFIELDS PROGRAM THAT STARTED IN 2009 HAS BEEN FUNDED BY A TOTAL OF $5.45 MILLION IN GRANTS FROM THE EPA. $1.8 MILLION OF THIS AMOUNT IS ASSOCIATED WITH PERFORMING ENVIRONMENTAL ASSESSMENTS ON PROPERTIES IN THE BEAR PAW DISTRICT THAT ARE CONTAMINATED OR PERCEIVED TO BE CONTAMINATED. $3.65 MILLION IS ASSOCIATED WITH THE ESTABLISHMENT OF A BROWNFIELDS REVOLVING LOAN FUND TO MAKE LOW OR NO INTEREST LOANS TO BUSINESSES AND OTHER ENTITIES WISHING TO CLEANUP CONTAMINATION ON THEIR PROPERTY. TO DATE, 93 ASSESSMENTS AND 17 CLEANUPS HAVE BEEN COMPLETED
ADMINISTRATION OF LOAN PROGRAMS FOR ECONOMIC DEVELOPMENT. THROUGH BEAR PAW DEVELOPMENT'S LOAN DEPARTMENT, $2.6 MILLION WAS LOANED TO SMALL BUSINESSES IN 2023 FOR START-UP OR EXPANSION OPPORTUNITIES. THESE LOANS WERE FOR BUSINESSES THAT COULD NOT RECEIVE FINANCING FROM CONVENTIONAL BANK SOURCES. THIS LOAN ACTIVITY RESULTED IN THE CREATION OR RETENTION OF 3 JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Skiff Director | Trustee | 1 | $0 |
Debbie Callahan President | OfficerTrustee | 2 | $0 |
Greg Kegel Director | Trustee | 1 | $0 |
Karey Bishop Director | Trustee | 1 | $0 |
Kirsten Kammerzell Director | Trustee | 1 | $0 |
Rhonda Brewer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $105,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,401,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,602,823 |
| Total Program Service Revenue | $176,936 |
| Investment income | $437,511 |
| 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 | $3,217,270 |
| 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. | $228,994 |
| Compensation of current officers, directors, key employees. | $84,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,713 |
| Pension plan accruals and contributions | $32,663 |
| Other employee benefits | $62,159 |
| Payroll taxes | $48,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,726 |
| Fees for services: Accounting | $33,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,591 |
| Advertising and promotion | $4,131 |
| Office expenses | $13,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,378 |
| Travel | $35,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,803 |
| Insurance | $8,066 |
| All other expenses | $19,760 |
| Total functional expenses | $1,151,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,828,836 |
| Pledges and grants receivable | $209,926 |
| Accounts receivable, net | $8,374,265 |
| 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 | $4,266 |
| Net Land, buildings, and equipment | $533,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,950,980 |
| Accounts payable and accrued expenses | $90,009 |
| Grants payable | $0 |
| Deferred revenue | $99,145 |
| 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 | $1,847,841 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,036,995 |
| Net assets without donor restrictions | $10,858,961 |
| Net assets with donor restrictions | $55,024 |
| 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 | $12,950,980 |