philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Butte Local Development Corporation FY2021 filing

Not tax-deductible

Butte, MT501(c)(6)EIN 81-0307232

This page gets seen. Tell your story. Claim this org.

To promote economic Development in the area

52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $635K a year · 52% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
55 mo
of spending, in cash
Looks good: 55.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+235% vs prior year
Spent
$592K
To programs
52%
Net assets
$6.2M
By yearFY2020–FY2024
Revenue
$2.2M
FY2021▲ +235%
Revenue by fiscal year
FY2020$643K
FY2021$2.2M
FY2022$2.4M
FY2023$123K
FY2024$810K
Expenses
$592K
FY2021▲ +6%
Expenses by fiscal year
FY2020$559K
FY2021$592K
FY2022$696K
FY2023$518K
FY2024$553K
Net assets
$6.2M
FY2021▲ +33%
Net assets by fiscal year
FY2020$4.7M
FY2021$6.2M
FY2022$7.9M
FY2023$7.8M
FY2024$8.0M

From the FY2021 Form 990 (year ending October 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1970.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $306K Management & general 44% · $260K Fundraising 4% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Maria Pochervina
Past-President
$0Pt VII · Sec A
Jay Doyle
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Kebe
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Ty Stetzner
Vice President
$0Pt VII · Sec A
See Butte Local Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Drives economic growth and opportunity within the community.

Provided by the organization

This section is blank until Butte Local Development Corporation claims this page.

Know this organization? Claim it to add your story

1 program service account for $306K of program spending, described in the organization's own filed words · FY2020.
01

Local economic development projects and business development to promote business relocation and expansion as well as start up in the area. Providing small business with low interest loans.

$306Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$514K
Investment incomeLn 3$241K
Money outPt IX
$592K
Ln 25
Programscol B$306K
Managementcol C$260K
Fundraisingcol D$27K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$7.7M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$514K
Investment incomeLn 3$241K
Gains on assetsLn 7$99K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$50K
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$324K
Total assetsLn 16$7.7M
LiabilitiesLn 26$1.4M
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.7M
Land, buildings, equipmentLn 10c$574K$324K
Total assetsLn 16$6.9M$7.7M
LiabilitiesLn 26$2.2M$1.4M
Net assetsLn 32$4.7M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$223K$154K$55K$14K
Other employee benefitsLn 9$98K$50K$43K$4K
Management feesLn 11a$44K$3K$39K$1K
Advertising and promotionLn 12$30K$28K$3K
OccupancyLn 16$13K$4K$6K$3K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$2K$2K$1
InterestLn 20$20K$18K$1K
Depreciation, depletion and amortizationLn 22$398$398
InsuranceLn 23$4K$1K$2K$694
Other expenses (24a–d)Ln 24$127K$34K$94K
All other expensesLn 24e$26K$14K$12K$389
Total functional expensesLn 25$592K$306K$260K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $810K$553K$256K$8.0M 990 PDF
FY2023 $123K$518K−$394K$7.8M 990 PDF
FY2022 $2.4M$696K$1.7M$7.9M 990 PDF
FY2021 Viewing $2.2M$592K$1.6M$6.2M 990 PDF
FY2020 $643K$559K$83K$4.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,153,341 across 8 lines filed
VIII-1b Membership dues$53,510
VIII-1e Government grants$1,328,922
VIII-1f All other contributions, gifts and grants$16,250
VIII-1h Total contributions, gifts and grants$1,398,682
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $513,671$513,671
VIII-3 Investment incomeRelated to mission $142,344$142,344
VIII-7 Net gain or loss on sales of assetsRelated to mission $98,644$98,644
VIII-12 Total revenueRelated to mission $754,659 · Unrelated business $0 · Excluded from tax $0$2,153,341
Part IX · Statement of functional expenses $591,948 across 12 lines filed
IX-7 Other salaries and wagesPrograms $154,174 · Management $54,511 · Fundraising $14,260$222,945
IX-9 Other employee benefitsPrograms $49,994 · Management $43,484 · Fundraising $4,062$97,540
IX-11a Management feesPrograms $3,132 · Management $39,369 · Fundraising $1,077$43,578
IX-12 Advertising and promotionPrograms $27,627 · Fundraising $2,770$30,397
IX-16 OccupancyPrograms $3,653 · Management $6,132 · Fundraising $3,262$13,047
IX-17 TravelManagement $4,585$4,585
IX-19 Conferences, conventions and meetingsManagement $2,435 · Fundraising $1$2,436
IX-20 InterestPrograms $18,316 · Management $1,395$19,711
IX-22 Depreciation, depletion and amortizationManagement $398$398
IX-23 InsurancePrograms $1,234 · Management $2,018 · Fundraising $694$3,946
IX-24 Other expenses (24a–d)Programs $33,674 · Management $93,799$127,473
IX-24e All other expensesPrograms $13,789 · Management $11,714 · Fundraising $389$25,892
IX-25 Total functional expensesPrograms $305,593 · Management $259,840 · Fundraising $26,515$591,948
Part X · Balance sheet $7,654,650 assets, 13 lines filed
Asset lines not itemized here account for $4,530,077; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,844,489$2,673,671
X-2 Savings and temporary cash investmentsStart of year $39,648$49,612
X-4 Accounts receivableStart of year $204,727$74,623
X-9 Prepaid expenses and deferred chargesStart of year $3,021$3,006
X-10c Land, buildings and equipment, netStart of year $574,059$323,661
X-16 Total assetsStart of year $6,871,207$7,654,650
X-17 Accounts payable and accrued expensesStart of year $157,742$11,568
X-19 Deferred revenueStart of year $5,120$10,120
X-26 Total liabilitiesStart of year $2,197,374$1,419,424
X-27 Net assets without donor restrictionsStart of year $46,053$440,187
X-28 Net assets with donor restrictionsStart of year $4,627,780$5,795,039
X-32 Total net assets or fund balancesStart of year $4,673,833$6,235,226
X-33 Total liabilities and net assetsStart of year $6,871,207$7,654,650
Part XI · Reconciliation of net assets $6,235,226 net assets at year end
XI-1 Total revenue$2,153,341
XI-2 Total expenses$591,948
XI-3 Revenue less expenses$1,561,393
XI-4 Net assets at start of year$4,673,833
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,235,226

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.