Form 990 for tax year 2022
Filed by GREAT NORTHERN DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,146,929
- Total expenses
- $1,018,701
- Contributions and grants received
- $958,071
- Grants paid
- $9,088
- Program service revenue
- $156,104
- Investment income
- $4,619
- Other revenue
- $28,135
- Total assets, end of year
- $4,622,420
- Total liabilities, end of year
- $2,262,559
- Net assets or fund balances, end of year
- $2,359,861
- Program services expenses (Part IX)
- $883,009
- Management and general expenses
- $135,692
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $883,009
Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$875,782
-
1f · All other contributions, gifts and grants
$82,289
-
2a · Program service revenue: REVOLVING LOAN FUND IN
total $133,438 · related or exempt $133,438
-
2b · Program service revenue: LOAN FEES
total $18,166 · related or exempt $18,166
-
2c · Program service revenue: LOAN RESERVE ADJUSTMEN
total $4,500 · related or exempt $4,500
-
3 · Investment income
total $4,619 · excluded $4,619
-
6a · Gross rents
real property $28,135
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $28,135
-
6d · Net rental income or loss
total $28,135 · related or exempt $28,135
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,088 · program services $9,088
-
5 · Compensation of officers, directors and key employees
total $138,911 · program services $124,631 · management and general $14,280
-
7 · Other salaries and wages
total $263,839 · program services $236,933 · management and general $26,906
-
8 · Pension plan contributions
total $4,412 · program services $3,927 · management and general $485
-
9 · Other employee benefits
total $37,366 · program services $33,256 · management and general $4,110
-
10 · Payroll taxes
total $33,937 · program services $30,204 · management and general $3,733
-
11b · Fees: legal
total $4,939 · program services $3,951 · management and general $988
-
11c · Fees: accounting
total $17,675 · management and general $17,675
-
11g · Fees: other
total $310,580 · program services $310,580
-
12 · Advertising and promotion
total $14,062 · program services $11,250 · management and general $2,812
-
13 · Office expenses
total $52,719 · program services $31,631 · management and general $21,088
-
16 · Occupancy
total $22,820 · program services $18,256 · management and general $4,564
-
17 · Travel
total $30,132 · program services $24,106 · management and general $6,026
-
20 · Interest
total $26,471 · program services $26,471
-
22 · Depreciation, depletion and amortization
total $37,594 · program services $9,846 · management and general $27,748
-
24a · Other expenses: EQUIPMENT
total $7,252 · program services $5,802 · management and general $1,450
-
24b · Other expenses: TRAINING
total $3,636 · management and general $3,636
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $2,312 · program services $2,312
-
24d · Other expenses: TAXES AND FEES
total $956 · program services $765 · management and general $191
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,179,380 · end of year $76,951
-
2 · Savings and temporary cash investments
beginning of year $544,132 · end of year $2,082,071
-
3 · Pledges and grants receivable
beginning of year $188,981 · end of year $86,267
-
4 · Accounts receivable
beginning of year $130 · end of year $3,130
-
7 · Other notes and loans receivable
beginning of year $2,279,982 · end of year $2,282,799
-
10a · Land, buildings and equipment: cost or other basis
$302,552
-
10b · Land, buildings and equipment: accumulated depreciation
$221,893
-
10c · Land, buildings and equipment, net
beginning of year $97,459 · end of year $80,659
-
15 · Other assets
beginning of year $12,957 · end of year $10,543
-
17 · Accounts payable and accrued expenses
beginning of year $88,666 · end of year $63,387
-
19 · Deferred revenue
beginning of year $45,688 · end of year $360,458
-
23 · Secured mortgages and notes payable
beginning of year $1,868,634 · end of year $1,770,314
-
25 · Other liabilities
beginning of year $68,400 · end of year $68,400
-
27 · Net assets without donor restrictions
beginning of year $1,497,407 · end of year $1,470,117
-
28 · Net assets with donor restrictions
beginning of year $734,226 · end of year $889,744
Mission and programs · 2022
Mission
GREAT NORTHERN DEVELOPMENT CORPORATION (GNDC) IS A MONTANA NONPROFIT CORPORATION. ITS PURPOSE IS TO SUPPORT AND PROMOTE COMMERCE IN NORTHEASTERN MONTANA. THE BOARD OF GNDC SOLICITS PUBLIC AND PRIVATE CONTRIBUTIONS TO ALLOCATE AMONG VARIOUS PROGRAMS THROUGHOUT THE AREA.
-
APPLICATION AND ADMINISTRATION OF CDBG GRANTS, INTERMEDIARY RELENDING PROGRAM LOANS, CDFI LOANS, MONTANA BOARD OF INVESTMENTS MICROBUSINESS LOANS, AND EPA BROWNSFIELD GRANTS.
Expenses $883,009 · Grants $9,088 · Revenue $184,239
As filed on the 2022 return.
Listed in Part VII
-
Jim MoosJIM MOOS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Mona AmundsonMONA AMUNDSON
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Duane KurokawaDUANE KUROKAWA
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Chris DschaakCHRIS DSCHAAK
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Diane BlackDIANE BLACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan CarrDAN CARR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary MacDonaldGARY MACDONALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terri MerrillTERRI MERRILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ben FoslandBEN FOSLAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary LinderGARY LINDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard RiceRICHARD RICE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alex SmithALEX SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Haven GourneauHAVEN GOURNEAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jerry CollinsJERRY COLLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rodney MillerRODNEY MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Maureen DionneMAUREEN DIONNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Victoria MatejovskyVICTORIA MATEJOVSKY
EXECUTIVE DIRECTOR
- Total calculated
- $67,170
- From this org
- $65,214
- From related orgs
- $0
- Other
- $1,956
- Hours/week
- 40
-
Mark SansaverMARK SANSAVER
FORMER FINANCE OFFICER
- Total calculated
- $68,607
- From this org
- $57,208
- From related orgs
- $0
- Other
- $11,399
- Hours/week
- 40
-
Missy BergerMISSY BERGER
FINANCE DIRECTOR
- Total calculated
- $3,134
- From this org
- $2,230
- From related orgs
- $0
- Other
- $904
- Hours/week
- 40
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.
Grants on this return
-
FUND LOCAL FOOD COORDINATOR POSITION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323559349300842
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