Great Northern Development Corporation
- Assets
- $4.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Wolf Point, MT
- Founding
- 05/1996
- Data as of
- 06/2022
- EIN
- 81-0494064
Organization Overview
Great Northern Development Corporation is located in Wolf Point, MT. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Great Northern Development Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Northern 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 06/2022, Great Northern Development Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $968.1k during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREAT NORTHERN DEVELOPMENT CORPORATION (GNDC) IS A MONTANA NONPROFIT CORPORATION. ITS PURPOSE IS TO SUPPORT AND PROMOTE COMMERCE IN NORTHEASTERN MONTANA. THE BOARD OF GNDC SOLICITS PUBLIC AND PRIVATE CONTRIBUTIONS TO ALLOCATE AMONG VARIOUS PROGRAMS THROUGHOUT THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPLICATION AND ADMINISTRATION OF CDBG GRANTS, INTERMEDIARY RELENDING PROGRAM LOANS, MONTANA BOARD OF INVESTMENTS MICROBUSINESS LOANS, AND EPA BROWNSFIELD GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Matejovsky Executive Director | Officer | 40 | $63,302 |
Mark Sansaver Finance Officer | Officer | 40 | $55,489 |
Frank French President | OfficerTrustee | 2 | $0 |
Jim Moos 1st Vice President | OfficerTrustee | 2 | $0 |
Duane Kurokawa Past President | OfficerTrustee | 2 | $0 |
Chris Dschaak 2nd Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,005,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,083,563 |
| Total Program Service Revenue | $20,305 |
| Investment income | $135,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,290 |
| 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 | $1,261,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $130,457 |
| Other salaries and wages | $254,771 |
| Pension plan accruals and contributions | $4,987 |
| Other employee benefits | $27,215 |
| Payroll taxes | $37,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,848 |
| Fees for services: Accounting | $16,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268,466 |
| Advertising and promotion | $25,533 |
| Office expenses | $55,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,293 |
| Travel | $27,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,231 |
| Insurance | $11,399 |
| All other expenses | $102 |
| Total functional expenses | $968,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,380 |
| Savings and temporary cash investments | $544,132 |
| Pledges and grants receivable | $188,981 |
| Accounts receivable, net | $130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,279,982 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $97,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,957 |
| Total assets | $4,303,021 |
| Accounts payable and accrued expenses | $88,666 |
| Grants payable | $0 |
| Deferred revenue | $45,688 |
| 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 | $1,868,634 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,400 |
| Total liabilities | $2,071,388 |
| Net assets without donor restrictions | $1,497,407 |
| Net assets with donor restrictions | $734,226 |
| 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 | $4,303,021 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Great Northern Development Corporation has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Montana Community Foundation Inc Helena, MT PURPOSE: COVID-19 FUND FOR RURAL RESILIENCE | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Counseling And Correctional Services Inc Butte, MT | $34,634,302 | $30,045,680 |
Great Northern Development Corporation Wolf Point, MT | $4,303,021 | $1,261,613 |
Career Futures Inc Butte, MT | $58,419 | $944,777 |
Cornerstones Career Learning Center Inc Huron, SD | $382,055 | $828,937 |
Success Unlimited Inc Grand Forks, ND | $103,243 | $496,271 |
Career Transitions Inc Belgrade, MT | $454,464 | $495,523 |
International Association Of Fire Fighters Boise, ID | $621,812 | $531,435 |
Boise Metro Chamber Foundation Inc Boise, ID | $3,482,763 | $419,190 |
Working Innovations Inc Polson, MT | $110,938 | $397,880 |
Youth Employment Program Inc Salmon, ID | $707,818 | $523,430 |
Magic Valley Youth Services Inc Twin Falls, ID | $89,345 | $277,315 |
Conscious Youth Solutions Inc Sioux Falls, SD | $32,963 | $0 |