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Nonprofiteer
← MONTANA COOPERATIVE DEVELOPMENT CENTER INC

Form 990 for tax year 2022

Filed by MONTANA COOPERATIVE DEVELOPMENT CENTER INC.

Totals

Total revenue
$677,678
Total expenses
$731,062
Contributions and grants received
$613,335
Grants paid
$0
Program service revenue
$50,840
Investment income
$9,160
Other revenue
$4,343
Total assets, end of year
$359,452
Total liabilities, end of year
$241,612
Net assets or fund balances, end of year
$117,840
Program services expenses (Part IX)
$633,260
Management and general expenses
$53,591
Fundraising expenses
$44,211
Program service expenses (Part III)
$633,260

Program services were 86.6% 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)

    $449,353

  • 1f · All other contributions, gifts and grants

    $163,982

  • 2a · Program service revenue: CONTRACT REVENUE

    total $31,755 · related or exempt $31,755

  • 2b · Program service revenue: MCOC DIRECT COSTS

    total $17,809 · related or exempt $17,809

  • 2c · Program service revenue: MANAGEMENT FEE & RELAT

    total $1,276 · related or exempt $1,276

  • 3 · Investment income

    total $9,160 · excluded $9,160

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,343 · related or exempt $4,343

  • 11e · Other revenue, total

    $4,343

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,145 · program services $62,513 · management and general $8,015 · fundraising $9,617

  • 7 · Other salaries and wages

    total $239,610 · program services $186,895 · management and general $30,356 · fundraising $22,359

  • 8 · Pension plan contributions

    total $13,083 · program services $10,205 · management and general $1,570 · fundraising $1,308

  • 9 · Other employee benefits

    total $23,242 · program services $20,917 · fundraising $2,325

  • 10 · Payroll taxes

    total $26,786 · program services $22,232 · management and general $1,875 · fundraising $2,679

  • 11b · Fees: legal

    total $4,996 · program services $4,996

  • 11c · Fees: accounting

    total $13,000 · program services $13,000

  • 11g · Fees: other

    total $153,799 · program services $147,139 · management and general $4,701 · fundraising $1,959

  • 12 · Advertising and promotion

    total $26,013 · program services $26,013

  • 16 · Occupancy

    total $17,981 · program services $14,025 · management and general $2,158 · fundraising $1,798

  • 17 · Travel

    total $72,280 · program services $70,834 · management and general $1,446

  • 20 · Interest

    total $8 · program services $6 · management and general $1 · fundraising $1

  • 22 · Depreciation, depletion and amortization

    total $3,058 · program services $1,192 · management and general $1,560 · fundraising $306

  • 23 · Insurance

    total $3,284 · program services $2,690 · management and general $265 · fundraising $329

  • 24a · Other expenses: MEMBERSHIP/LICENSING FE

    total $19,588 · program services $19,588

  • 24b · Other expenses: PROJECT DIRECT COSTS

    total $18,407 · program services $18,407

  • 24c · Other expenses: COMMUNICATION

    total $8,049 · program services $6,371 · management and general $873 · fundraising $805

  • 24d · Other expenses: SUPPLIES

    total $3,523 · program services $2,748 · management and general $423 · fundraising $352

  • 24e · All other expenses

    total $4,210 · program services $3,489 · management and general $348 · fundraising $373

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,062 · end of year $24,876

  • 2 · Savings and temporary cash investments

    beginning of year $15,964 · end of year $103,874

  • 3 · Pledges and grants receivable

    beginning of year $157,242 · end of year $90,039

  • 10a · Land, buildings and equipment: cost or other basis

    $50,302

  • 10b · Land, buildings and equipment: accumulated depreciation

    $49,655

  • 10c · Land, buildings and equipment, net

    beginning of year $3,705 · end of year $647

  • 12 · Investments: other securities

    beginning of year $127,872 · end of year $121,536

  • 14 · Intangible assets

    end of year $18,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,521 · end of year $48,958

  • 19 · Deferred revenue

    beginning of year $12,500 · end of year $153,556

  • 23 · Secured mortgages and notes payable

    end of year $815

  • 25 · Other liabilities

    beginning of year $21,014 · end of year $38,283

  • 27 · Net assets without donor restrictions

    beginning of year $180,795 · end of year $86,622

  • 28 · Net assets with donor restrictions

    beginning of year $24,015 · end of year $31,218

Mission and programs · 2022

Mission

TO PROMOTE AND DEVELOP COOPERATIVES TO MEET THE ECONOMIC NEEDS AND COMMUNITY NEEDS OF RURAL MONTANA.

Activities or mission (Part I)

TO PROMOTE AND DEVELOP COORPERATIVES TO MEET THE ECONOMIC NEEDS AND COMMUNITY NEEDS OF RURAL MONTANA.

  • THESE ARE MCDC'S TOP THREE PROGRAM SERVICE ACCOMPLISHMENTS AS MEASURED BY THEIR SHARE OF OVERALL EXPENDITURES: 1) TECHNICAL ASSISTANCE PROVIDED TO LEADERS OF PROSPECTIVE COOPERATIVE ENTERPRISES AND TRAINING OF THOSE GOVERNING AND MANAGING START-UP COOPERATIVES.2) DEVELOPMENT OF OUTREACH MATERIALS TO EDUCATE THE PUBLIC ABOUT THE COOPERATIVE BUSINESS MODEL'S VALUE AND IMPACT ON THE STATE OF MONTANA.3) ENGAGE IN ECONOMIC DEVELOPMENT ACTIVITIES ACROSS THE STATE OF MONTANA, WORKING WITH COMMUNITIES TO BUILD LOCAL CAPACITY TO ADDRESS ECONOMIC AND COMMUNITY NEEDS.

    Expenses $633,260 · Revenue $55,183

As filed on the 2022 return.

Listed in Part VII

  • Erik Somerfeld

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tyrel Hamilton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Marshall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamie Seifert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Jaksha

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Leanne Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donya Parrish

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kris Descheemaeker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heidi Borlaug

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Obert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracy McIntyre

    EXECUTIVE DIRECTOR

    Total calculated
    $85,855
    From this org
    $75,236
    From related orgs
    $0
    Other
    $10,619
    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202411439349300301

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