Anaconda Local Development Corp

Organization Overview

Anaconda Local Development Corp is located in Anaconda, MT. The organization was established in 1982. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Anaconda Local Development Corp employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anaconda Local Development Corp 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, Anaconda Local Development Corp generated $452.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $306.3k during the year ending 09/2021. While expenses have increased by 4.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST IN THE CREATION AND RETAINAGE OF JOBS THROUGH ECONOMIC EXPANSION IN THE CITY AND COUNTY

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT ACTIVITIES IN ANACONDA-DEER LODGE COUNTY


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Board, Officers & Key Employees

Name (title)Compensation
Adam Vauthier
Executive Director
$70,025
James Davison
CEO
$2,065
Mike Hale
President
$0
Kristy Mckay
Secretary/tresurer
$0
Kaitlin Leary
Vice President
$0
Ben Everett
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $306,483
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$306,483
Total Program Service Revenue$6,500
Investment income $39,467
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $33,007
Net Gain/Loss on Asset Sales $63,864
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $452,869

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Anaconda Local Development Corp has recieved totaling $8,000.

Awarding OrganizationAmount
Anaconda Community Foundation Inc

Anaconda, MT

PURPOSE: COMMUNITY BETTERMENT

$8,000
View Grant Recipient Profile

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