Park Local Development Corporation Inc
- Assets
- $990.1k
- Revenue
- $1.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Livingston, MT
- Founding
- Data as of
- 06/2023
- EIN
- 83-3526093
Organization Overview
Park Local Development Corporation Inc is located in Livingston, MT. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Local Development Corporation 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 06/2023, Park Local Development Corporation Inc generated $1.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $24.8k during the year ending 06/2023. 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 SUPPORT ECONOMIC AND COMMUNITY DEVELOPMENT IN PARK COUNTY, MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVINGSTON-PARK COUNTY REVOLVING LOAN PROGRAM - LOAN PROGRAM TO ADVANCE THE ECONOMIC WELL-BEING OF SMALL BUSINESSES IN LIVINGSTON AND PARK COUNTY BY PROVIDING ACCESS TO LOANS. DURING THE YEAR OUR ORGANIZATION HAD THE FOLLOWING IMPACTS ON THE SURROUNDING COMMUNITY:- ONE-ON-ONE CONSULTING WITH 142 ENTREPRENEURS, BUSINESSES, AND ORGANIZATIONS;- ASSISTED THREE BUSINESSES IN SUCCESSFUL GRANT AWARDS FOR $160,000;- ONE JOB CREATED AND 21 JOBS RETAINED WITH ESTIMATED WAGES OF $865,000;- TEN LOANS TOTALING $206,700 WERE UNDER MANAGEMENT BY PARK LOCAL DEVELOPMENT VIA THE LIVINGSTON-PARK COUNTY RLF, OF WHICH NINE LOANS TOTALING $85,000 WERE AWARDED UNDER THE EMERGENCY MICROLOAN PROGRAM FOR BUSINESSES EXPERIENCING NEGATIVE IMPACTS OF COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Turner President | OfficerTrustee | 2 | $0 |
Sarah Skofield Vice President | OfficerTrustee | 2 | $0 |
Steve Caldwell Treasurer | OfficerTrustee | 2 | $0 |
Mary Anne Keyes Executive Dir. | Officer | 20 | $0 |
Trent Balestri Executive Dir. | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304 |
| Total Program Service Revenue | $1,581 |
| Investment income | $0 |
| 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 | $1,885 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,385 |
| Fees for services: Legal | $1,372 |
| Fees for services: Accounting | $9,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $400 |
| Advertising and promotion | $820 |
| Office expenses | $0 |
| Information technology | $2,716 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,197 |
| All other expenses | $0 |
| Total functional expenses | $24,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,928 |
| Savings and temporary cash investments | $901,266 |
| 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 | $62,939 |
| 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 | $1 |
| Total assets | $990,134 |
| Accounts payable and accrued expenses | $0 |
| 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 | $964,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $964,223 |
| Net assets without donor restrictions | $25,911 |
| Net assets with donor restrictions | $0 |
| 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 | $990,134 |