Form 990 for tax year 2023

Totals

Total revenue

$860,829

Total expenses

$935,268

Contributions and grants received

$390,789

Grants paid

$0

Program service revenue

$468,307

Investment income

$2

Other revenue

$1,731

Total assets, end of year

$704,708

Total liabilities, end of year

$132,815

Net assets or fund balances, end of year

$571,893

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• BUSINESS DEVELOPMENT PROGRAM:MISSOULA ECONOMIC PARTNERSHIP'S BUSINESS DEVELOPMENT PROGRAM SUPPORTS BUSINESSES AT EVERY STAGE OF GROWTH BY PROVIDING DIRECT SERVICES AND COLLABORATING WITH COMMUNITY PARTNERS. IN 2024, MEP WORKED CLOSELY WITH THE DOWNTOWN MISSOULA BUSINESS IMPROVEMENT DISTRICT TO DELIVER ONE-ON-ONE SUPPORT, MENTORSHIP, AND RESOURCES TO MORE THAN 40 DOWNTOWN BUSINESSES. KEY AREAS OF FOCUS INCLUDED COMMERCIAL RENT INCREASES, THE DOWNTOWN SAFETY AND MOBILITY PROJECT, THE NEW FY2025 PARKING PLAN, AND THE BROOKS STREET CORRIDOR INITIATIVE. MEP ALSO PARTNERED WITH THE CITY'S PARKING DIRECTOR TO INFORM AND PREPARE BUSINESSES FOR UPCOMING CHANGES, CULMINATING IN A ROUNDTABLE DISCUSSION WITH 15 BUSINESS OWNERS. BEYOND DOWNTOWN, MEP CONNECTED WITH OVER 70 BUSINESSES COUNTYWIDE, OFFERING TAILORED ASSISTANCE IN AREAS SUCH AS ACCESSING CAPITAL, EXPLORING MARKET EXPANSION, AND WORKFORCE DEVELOPMENT. ADDITIONALLY, MEP SUPPORTED 20 POTENTIAL STARTUPS, PROVIDING GUIDANCE ON BUSINESS PLANNING, FUNDING STRATEGIES, AND MENTORSHIP TO HELP LAUNCH AND GROW NEW VENTURES.

• WORKFORCE DEVELOPMENT PROGRAM: MISSOULA ECONOMIC PARTNERSHIP'S WORKFORCE DEVELOPMENT PROGRAM AIMS TO FOSTER INCLUSIVE ECONOMIC GROWTH BY IMPROVING ACCESS TO QUALITY JOBS AND SUPPORTING WORKFORCE RESILIENCE. IN 2024, MEP LED MISSOULA'S PARTICIPATION IN THE NATIONAL LEAGUE OF CITIES' GOOD JOBS, GREAT CITIES ACADEMY, A YEARLONG INITIATIVE FOCUSED ON ADVANCING EQUITABLE EMPLOYMENT OPPORTUNITIES. FOLLOWING THE CLOSURES OF ROSEBURG FOREST PRODUCTS AND PYRAMID MOUNTAIN LUMBER, MEP CONVENED MORE THAN 30 PUBLIC, PRIVATE, AND NONPROFIT STAKEHOLDERS TO ASSESS THE ECONOMIC IMPACT AND EXPLORE REDEVELOPMENT STRATEGIES, WORKER SUPPORT, AND LONG-TERM SUSTAINABILITY FOR THE WOOD PRODUCTS INDUSTRY. MEP ALSO CONTINUES TO WORK CLOSELY WITH INVESTORS TO IDENTIFY NEW OPPORTUNITIES IN THIS SECTOR. IN ADDITION, MEP PLAYED A KEY ROLE IN THE CLEAN ENERGY WORKFORCE COALITION, WHICH EARNED NATIONAL RECOGNITION AND FUNDING TO LAUNCH A CLEAN ENERGY TRAINING PROGRAM AT MISSOULA COLLEGE. THIS INITIATIVE, FOCUSED ON CREATING PATHWAYS FOR LOW-INCOME WOMEN, REFLECTS MEP'S COMMITMENT TO INCLUSIVE WORKFORCE DEVELOPMENT AND INDUSTRY DIVERSIFICATION. MEP'S WORKFORCE DEVELOPMENT PROGRAM COLLABORATES WITH PRIVATE SECTOR STAKEHOLDERS, EDUCATIONAL INSTITUTIONS, AND PEER ORGANIZATIONS. THE PROGRAM FOCUSES ON EXPANDING CAREER PATHWAYS, INCUMBENT WORKER TRAINING, TALENT RETENTION, AND ATTRACTION.

• LAND DEVELOPMENT PROGRAM:THE MISSOULA ECONOMIC PARTNERSHIP'S LAND DEVELOPMENT PROGRAM SUPPORTS STRATEGIC REDEVELOPMENT AND INFRASTRUCTURE COORDINATION TO ADVANCE HOUSING, COMMERCIAL SPACE, AND PUBLIC AMENITIES. IN 2024, MEP PLAYED A KEY ROLE IN ADVANCING THE MIDTOWN MASTER PLAN BY WORKING WITH PRIVATE LANDOWNERS AND DEVELOPMENT PARTNERS TO UNLOCK BROWNFIELD SITES. THIS EFFORT CONTRIBUTED TO THE CITY OF MISSOULA ENTERING INTO A PURCHASE AND SALE AGREEMENT FOR 10 ACRES SOUTH OF SOUTHGATE MALL-OPENING THE DOOR FOR POTENTIAL HOUSING, PARK SPACE, AND TRANSPORTATION CONNECTIVITY. MEP ALSO CONTINUED ITS SUPPORT OF THE OLD LIBRARY BLOCK REDEVELOPMENT BY COLLABORATING WITH THE CITY'S SELECTED DEVELOPERS, DECHASE MIKSIS AND EDLEN & CO., TO ATTRACT CAPITAL AND BUSINESS PARTNERS. THIS INCLUDED FACILITATING INTRODUCTIONS TO GROCERS, CHILDCARE PROVIDERS, AND RETAILERS TO HELP SHAPE A PROJECT ALIGNED WITH COMMUNITY NEEDS. ADDITIONALLY, MEP FOUNDED THE MISSOULA INFRASTRUCTURE COALITION, A QUARTERLY CONVENING OF INDUSTRY LEADERS AND PUBLIC AGENCIES FOCUSED ON ADDRESSING LONG-TERM INFRASTRUCTURE CHALLENGES AND IMPROVING COORDINATION ACROSS SECTORS TO SUPPORT SUSTAINABLE GROWTH THROUGHOUT MISSOULA COUNTY.

• Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

14 May 2025

IRS schema version

2023v6.0

Source object

202511349349304111

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