Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
45 people listed on the 990; $155K paid to officers and key staff.
Brett Doney’s $244K as President is at the 78th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 |
|---|---|---|---|---|
| Brett Doney | $243,973 | $196,415 | $186,405 | $155,057 |
| Jolene Schalper | $107,179 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Grows and diversifies the Great Falls regional economy by creating high-wage jobs and developing an industrial park to attract and expand local businesses.
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The organization provides business development services throughout a 13-COUNTY, 44,000 square mile region of north central montana that includes urban, rural and tribal areas. These services include seven strategic directions: business startup, retention and expansion; downtown and riverfront redevelopment; business attraction…
The organization is a certified community development financial institution that provides gap and bridge financing to entrepreneurs, businesses, developers and non-profits who cannot secure all the financing they need from conventional sources.
The organization is developing a heavy industrial rail-served industrial park, the great falls agritech park, to provide sites not available from the private sector for business startups, expansions and attraction. The organization has sold lots in the park to four companies.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.6M | $3.7M |
| Land, buildings, equipmentLn 10c | $84K | $66K |
| Total assetsLn 16 | $11.3M | $16.4M |
| LiabilitiesLn 26 | $1.7M | $2.8M |
| Net assetsLn 32 | $9.7M | $13.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $201K | $201K | ||
| Other salaries and wagesLn 7 | $838K | $770K | $38K | $30K |
| Pension plan contributionsLn 8 | $42K | $39K | $2K | $1K |
| Other employee benefitsLn 9 | $143K | $113K | $25K | $5K |
| Payroll taxesLn 10 | $82K | $77K | $3K | $2K |
| Legal feesLn 11b | $27K | $22K | $4K | |
| Accounting feesLn 11c | $18K | $18K | ||
| Other fees for servicesLn 11g | $240K | $199K | $41K | |
| Advertising and promotionLn 12 | $42K | $42K | ||
| Office expensesLn 13 | $77K | $19K | $58K | |
| Information technologyLn 14 | $19K | $4K | $15K | |
| TravelLn 17 | $14K | $3K | $11K | |
| Conferences, conventions and meetingsLn 19 | $8K | $8K | $185 | $459 |
| InterestLn 20 | $57K | $23K | $34K | |
| Depreciation, depletion and amortizationLn 22 | $29K | $29K | ||
| InsuranceLn 23 | $18K | $18K | ||
| Other expenses (24a–d)Ln 24 | $835K | $834K | $1K | |
| All other expensesLn 24e | −$45K | $162K | −$208K | |
| Total functional expensesLn 25 | $2.6M | $2.5M | $89K | $39K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $9.1M | $4.1M | $5.0M | $27.6M | 990 PDF |
| FY2024 | $9.9M | $4.3M | $5.6M | $22.6M | 990 PDF |
| FY2023 | $5.7M | $4.0M | $1.7M | $16.9M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 Viewing | $6.6M | $2.6M | $4.0M | $13.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $6,629,023 revenue, 12 lines filed
Part VI · Governance 44 of 44 board members independent, no flags
Part VIII · Statement of revenue $6,629,023 across 8 lines filed
Part IX · Statement of functional expenses $2,644,612 across 18 lines filed
Part X · Balance sheet $16,421,780 assets, 13 lines filed
Part XI · Reconciliation of net assets $13,666,739 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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