Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 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
12 people listed on the 990; $642K paid to officers and key staff.
Leonard Smith’s $179K as CEO is at the 59th 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Seth Larson | — | $284,170 | $135,600 | — | — | — |
| Leonard Smith | $178,869 | $171,455 | $135,693 | $123,150 | — | $106,521 |
| Mary Walks Over Ice | $138,072 | $116,464 | $102,367 | $94,361 | — | — |
| Kenneth Smoker | $117,115 | — | — | — | — | — |
| Leonard Smith JR | — | — | — | — | $116,755 | — |
| Bernadette a Nyberg | $106,358 | $97,546 | $116,604 | $112,373 | — | — |
| Jason R Smith | — | — | $105,840 | $102,265 | — | — |
| Lisa Murray | — | $75,541 | $101,125 | $101,870 | $102,179 | — |
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
Empowers individuals and families in Montana with resources for community and economic development.
Questions for Native American Development Corporation
Your first name shows with your question. Native American Development Corporation answers here, for everyone.
Know this org? Add your story
Cooperative agreement with defence logistics agency assisting in supporting the economic development of native americans in procurring government contracts.
Economic development cluster grants including build back better workforce development and workforce & professional development (four bands) to support economic development and job creation for native american communities.
Capital access is a four year grant from the minority business development agency (mbda) to provide capacity,, capital, and community for native american entrepreneurs
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.5M | $14.5M |
| InvestmentsLn 11–13 | $2.6M | $4.0M |
| Land, buildings, equipmentLn 10c | $1.1M | $1.3M |
| Total assetsLn 16 | $21.8M | $23.5M |
| LiabilitiesLn 26 | $5.4M | $6.0M |
| Net assetsLn 32 | $16.3M | $17.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $3.1M | $2.2M | $973K | |
| Other employee benefitsLn 9 | $660K | $288K | $373K | |
| Payroll taxesLn 10 | $228K | $187K | $41K | |
| Legal feesLn 11b | $95K | $39K | $56K | |
| Accounting feesLn 11c | $72K | $29K | $43K | |
| Other fees for servicesLn 11g | $1.4M | $650K | $750K | |
| Advertising and promotionLn 12 | $75K | $42K | $33K | |
| Office expensesLn 13 | $49K | $42K | $7K | |
| OccupancyLn 16 | $264K | $241K | $23K | |
| TravelLn 17 | $141K | $119K | $22K | |
| Conferences, conventions and meetingsLn 19 | $51K | $15K | $36K | |
| InterestLn 20 | $60K | $3K | $57K | |
| Depreciation, depletion and amortizationLn 22 | $60K | $60K | ||
| InsuranceLn 23 | $44K | $12K | $32K | |
| Other expenses (24a–d)Ln 24 | $714K | $267K | $448K | |
| All other expensesLn 24e | $282K | $210K | $72K | |
| Total functional expensesLn 25 | $7.3M | $4.3M | $3.0M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $8.4M | $7.3M | $1.0M | $17.5M | 990 PDF |
| FY2024 | $20.9M | $9.6M | $11.3M | $16.3M | 990 PDF |
| FY2023 | $12.1M | $8.3M | $3.8M | $5.2M | 990 PDF |
| FY2022 | $7.8M | $7.6M | $196K | $1.3M | 990 PDF |
| FY2021 | $5.8M | $5.5M | $234K | $1.4M | 990 PDF |
| FY2020 | $4.5M | $4.3M | $198K | $769K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $8,372,908 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $8,372,908 across 9 lines filed
Part IX · Statement of functional expenses $7,338,184 across 16 lines filed
Part X · Balance sheet $23,467,342 assets, 15 lines filed
Part XI · Reconciliation of net assets $17,454,273 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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