Bigfork Development Company EIN 23-7067099 Form 990 (PDF) Claim this org

Bigfork Development Company FY2022 filing

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Fosters community growth and development in Bigfork, Montana. For fiscal year 2022 it reported $286K in revenue, $122K in expenses, and $845K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Bigfork, MT
Website
cfbbigfork.org
Filings
5 on file (2020–2022)
Revenue
$286KFY2022
Expenses
$122K
Net assets
$845K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7067099 Public charity (501(c)(3)) Bigfork, MT
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Fosters community growth and development in Bigfork, Montana.
Leadership
Paul Mutascio · President
Money in and out
$286K revenue, $122K expenses
Bottom line
86% program efficiency
Where the money goes · FY2022
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$845K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $164K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14 Fundraising $0.01
Program efficiency
86%
of spending reaches programs
Operating runway
77.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+57%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$286K
FY2022▲ +72%
Expenses
$122K
FY2022▲ +17%
Total assets
$854K
FY2022▲ +26%
Total liabilities
$9K
FY2022
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$845K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$164K
Total assetsPt X · Ln 16$854K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

2 program services account for $104K of program spending, described in the organization's own filed words · FY2022.
01

Community development. Develop and maintain community land and improvements, including sidewalks, parks, nature trail, and highway beautification to benefit the members of the community and the general public in bigfork, montana.

$84Kprogram expense
02

Library. Provide housing and pay all costs to maintain the building for the bigfork, montana branch of the flathead county library used by the general public.

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBigfork Development Company
EINHdr · item D23-7067099
Principal addressHdr · item CBigfork, MT
WebsiteHdr · item Jcfbbigfork.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B71Z)
Ruling yearIRS BMFMay 1970

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$256K · 90%
Investment income$19K · 7%
Other revenue$11K · 4%
Contributions & grants90%$256K
Investment income7%$19K
Other revenue4%$11K
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14 Fundraising $0.01
Program services86%$104K
Management & general14%$17K
Fundraising1%$725
Total functional expensesLn 25$122K

Balance Sheet

Part X · end of year
CashLn 1$302K
Total assetsLn 16$854K
Total liabilitiesLn 26$9K
Total net assetsLn 32$845K
Months of cash on handcomputed29.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $790K · Operating expenses/yr $122K
77.9 months
Where the money goes
Program services
Program services $104K · Total expenses $122K
86%
Management & General
Management & general $17K · Total expenses $122K
14%
Fundraising
Fundraising $725 · Total expenses $122K
0.6%
Cost to raise $1
Fundraising expense (3-yr avg) $899 · Solicited contributions (3-yr avg) $155K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $256K · Total revenue $286K
90%
Government reliance
Government grants — · Total revenue $286K
Earned-income share
Program service revenue $0 · Total revenue $286K
0%
Investment reliance
Investment income $19K · Total revenue $286K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $122K
0%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year $166K
+72%
Net-asset trend (YoY)
End of year $845K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $122K
+57%
Liabilities-to-Assets
Total liabilities — · Total assets $854K
Net-asset ratio
Net assets $845K · Total assets $854K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $488K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $854K
57%
People & payroll
Highest Reported Total Compensation
Individual Paul Mutascio · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $122K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $122K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0.3%
Revenue growth 72%
Investment management fee ratio 0.8%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$53K
See all 3 funders →
Grants paid · 8 grants · $172K · 2020–2024
Flathead CountyFY2024$84,460
Imagineif Library FoundationMT · FY2024$20,000
Bigfork Area Chamber of CommerceFY2023$15,000
Imagineif Library FoundationMT · FY2023$10,000
Imagineif Library FoundationMT · FY2022$10,000
Imagineif Library FoundationMT · FY2021$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$271K revenue · ⤓ 990 PDF
FY2023$184K revenue · ⤓ 990 PDF
FY2022$286K revenue · viewing · ⤓ 990 PDF
FY2021$166K revenue · ⤓ 990 PDF
FY2020$-37K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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