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

Butte Local Development Corporation FY2022 filing

Not tax-deductible

Butte, MT501(c)(6)Mutual / membership EIN 81-0307232Revenue $2.4M in FY2022

On file with the IRSbuttemontana.org65 E Broadway St, 59701-9305 · Butte, MTTax-exempt since Oct 1970

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To promote economic Development in the area

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
63¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
60 mo
of spending, in cash
Looks good: 59.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
14% of total assets
Looks good: liabilities are 14% 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
$2.4M
+10% vs prior year
Spent
$696K
To programs
63%
Net assets
$7.9M
By yearFY2020–FY2024
Revenue
$2.4M
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$643K
FY2021$2.2M
FY2022$2.4M
FY2023$123K
FY2024$810K
Expenses
$696K
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$559K
FY2021$592K
FY2022$696K
FY2023$518K
FY2024$553K
Net assets
$7.9M
FY2022▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$6.2M
FY2022$7.9M
FY2023$7.8M
FY2024$8.0M

From the FY2022 Form 990 (year ending October 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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

63 cents of each dollar spent went to programs.

Program services 63% · $441K Management & general 35% · $240K Fundraising 2% · $15K

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

Something off? Claim to add context

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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 →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Butte Local Development Corporation

Tap to ask. Butte Local Development Corporation sees how many people are interested.

Your first name shows with your question. Butte Local Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $441K · in their own filed words · FY2021
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.

$441Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$192K
Investment incomeLn 3$164K
Money outPt IX
$696K
Ln 25
Programscol B$441K
Managementcol C$240K
Fundraisingcol D$15K
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$9.2M
LiabilitiesLn 26$1.3M
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$2.0M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$192K
Investment incomeLn 3$164K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$3.3M
SavingsLn 2$179K
Cash and savings togetherLn 1–2$3.5M
Land, buildings, equipmentLn 10c$336K
Total assetsLn 16$9.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$7.9M
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 FY22End FY22
Cash and savingsLn 1–2$2.7M$3.5M
Land, buildings, equipmentLn 10c$324K$336K
Total assetsLn 16$7.7M$9.2M
LiabilitiesLn 26$1.4M$1.3M
Net assetsLn 32$6.2M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$206K$145K$56K$4K
Other employee benefitsLn 9$38K$17K$19K$1K
Management feesLn 11a$70K$51K$19K
Advertising and promotionLn 12$7K$7K
OccupancyLn 16$15K$15K
TravelLn 17$11K$5K$6K
Conferences, conventions and meetingsLn 19$2K$311$2K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$319K$207K$111K$1K
All other expensesLn 24e$22K$8K$6K$8K
Total functional expensesLn 25$696K$441K$240K$15K

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 Viewing $2.4M$696K$1.7M$7.9M 990 PDF
FY2021 $2.2M$592K$1.6M$6.2M 990 PDF
FY2020 $643K$559K$83K$4.7M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,363,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,398,682$2,006,828
I-9 Program service revenuePrior year $513,671$192,130
I-10 Investment incomePrior year $240,988$164,048
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,153,341$2,363,006
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $320,485$243,174
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $271,463$452,888
I-18 Total expensesPrior year $591,948$696,062
I-19 Revenue less expensesPrior year $1,561,393$1,666,944
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,363,006 across 7 lines filed
VIII-1b Membership dues$94,668
VIII-1e Government grants$1,893,270
VIII-1f All other contributions, gifts and grants$18,890
VIII-1h Total contributions, gifts and grants$2,006,828
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $192,130$192,130
VIII-3 Investment incomeRelated to mission $164,048$164,048
VIII-12 Total revenueRelated to mission $356,178 · Unrelated business $0 · Excluded from tax $0$2,363,006
Part IX · Statement of functional expenses $696,062 across 11 lines filed
IX-7 Other salaries and wagesPrograms $145,403 · Management $56,085 · Fundraising $4,066$205,554
IX-9 Other employee benefitsPrograms $16,963 · Management $19,290 · Fundraising $1,367$37,620
IX-11a Management feesPrograms $51,161 · Management $19,325$70,486
IX-12 Advertising and promotionPrograms $7,463$7,463
IX-16 OccupancyManagement $15,281$15,281
IX-17 TravelPrograms $4,826 · Management $6,393$11,219
IX-19 Conferences, conventions and meetingsPrograms $311 · Management $1,726$2,037
IX-22 Depreciation, depletion and amortizationManagement $1,664$1,664
IX-23 InsuranceManagement $3,826$3,826
IX-24 Other expenses (24a–d)Programs $206,646 · Management $111,284 · Fundraising $1,068$318,998
IX-24e All other expensesPrograms $8,071 · Management $5,597 · Fundraising $8,246$21,914
IX-25 Total functional expensesPrograms $440,844 · Management $240,471 · Fundraising $14,747$696,062
Part X · Balance sheet $9,224,367 assets, 14 lines filed
Asset lines not itemized here account for $5,395,940; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,673,671$3,293,132
X-2 Savings and temporary cash investmentsStart of year $49,612$178,581
X-4 Accounts receivableStart of year $74,623$17,974
X-9 Prepaid expenses and deferred chargesStart of year $3,006$2,272
X-10c Land, buildings and equipment, netStart of year $323,661$336,468
X-16 Total assetsStart of year $7,654,650$9,224,367
X-17 Accounts payable and accrued expensesStart of year $11,568$6,840
X-19 Deferred revenueStart of year $10,120$10,120
X-25 Other liabilitiesStart of year $0$10,796
X-26 Total liabilitiesStart of year $1,419,424$1,322,196
X-27 Net assets without donor restrictionsStart of year $440,187$618,466
X-28 Net assets with donor restrictionsStart of year $5,795,039$7,283,705
X-32 Total net assets or fund balancesStart of year $6,235,226$7,902,171
X-33 Total liabilities and net assetsStart of year $7,654,650$9,224,367
Part XI · Reconciliation of net assets $7,902,171 net assets at year end
XI-1 Total revenue$2,363,006
XI-2 Total expenses$696,062
XI-3 Revenue less expenses$1,666,944
XI-4 Net assets at start of year$6,235,226
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,902,171

Form 990 e-file (XML) FY2022 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.

Your org? Add context

Made it to the end? Claim this org

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.