Form 990 for tax year 2023
Filed by HEADWATERS RESOURCE CONSERVATION AND DEVELOPMENT AREA INC.
Totals
- Total revenue
- $1,088,951
- Total expenses
- $903,337
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,076,761
- Investment income
- $12,190
- Other revenue
- $0
- Total assets, end of year
- $5,470,118
- Total liabilities, end of year
- $2,095,832
- Net assets or fund balances, end of year
- $3,374,286
- Program services expenses (Part IX)
- $872,800
- Management and general expenses
- $30,537
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $872,800
Program services were 96.6% 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.
-
2a · Program service revenue: CONTRIBUTIONS AND GRAN
total $683,269 · related or exempt $683,269
-
2b · Program service revenue: FEES FOR SERVICE
total $231,126 · related or exempt $231,126
-
2c · Program service revenue: INTEREST FROM LOANS
total $161,147 · related or exempt $161,147
-
2f · All other program service revenue
total $1,219 · related or exempt $1,219
-
3 · Investment income
total $12,190 · excluded $12,190
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $46,200 · program services $45,599 · management and general $601
-
7 · Other salaries and wages
total $328,836 · program services $324,562 · management and general $4,274
-
8 · Pension plan contributions
total $14,321 · program services $14,135 · management and general $186
-
9 · Other employee benefits
total $16,611 · program services $16,395 · management and general $216
-
10 · Payroll taxes
total $28,898 · program services $28,522 · management and general $376
-
11c · Fees: accounting
total $30,899 · program services $29,399 · management and general $1,500
-
13 · Office expenses
total $57,752 · program services $51,245 · management and general $6,507
-
17 · Travel
total $28,213 · program services $27,007 · management and general $1,206
-
19 · Conferences, conventions and meetings
total $3,675 · program services $3,675
-
20 · Interest
total $24,630 · program services $24,630
-
22 · Depreciation, depletion and amortization
total $6,130 · program services $4,141 · management and general $1,989
-
24a · Other expenses: GRANT EXPENSE
total $135,717 · program services $135,717 · management and general $0
-
24b · Other expenses: IN-KIND EXPENSE
total $60,000 · program services $60,000 · management and general $0
-
24c · Other expenses: PROGRAM EXPENSE
total $57,125 · program services $57,125 · management and general $0
-
24d · Other expenses: CONTRACT EXPENSE
total $53,845 · program services $43,704 · management and general $10,141
-
24e · All other expenses
total $10,485 · program services $6,944 · management and general $3,541
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,606 · end of year $55,498
-
2 · Savings and temporary cash investments
beginning of year $3,466,097 · end of year $1,819,971
-
4 · Accounts receivable
beginning of year $216,966 · end of year $144,433
-
7 · Other notes and loans receivable
beginning of year $1,946,551 · end of year $3,437,595
-
9 · Prepaid expenses and deferred charges
beginning of year $5,085 · end of year $5,000
-
10a · Land, buildings and equipment: cost or other basis
$47,214
-
10b · Land, buildings and equipment: accumulated depreciation
$39,593
-
10c · Land, buildings and equipment, net
beginning of year $13,751 · end of year $7,621
-
17 · Accounts payable and accrued expenses
beginning of year $174,687 · end of year $11,775
-
23 · Secured mortgages and notes payable
beginning of year $2,032,519 · end of year $1,818,614
-
25 · Other liabilities
beginning of year $307,676 · end of year $265,443
-
27 · Net assets without donor restrictions
beginning of year $45,951 · end of year $223,959
-
28 · Net assets with donor restrictions
beginning of year $3,101,223 · end of year $3,150,327
Mission and programs · 2023
Mission
TO MEET THE NEEDS OF THE PEOPLE, ACHIEVE THE OBJECTIVES AND GOALS OF THE AREA PLAN/COMPREHENSIVE ECONOMIC STRATEGY; A COMMUNITY OR GROUP APPROACH IN SOLVING CULTURAL, SOCIAL, AND ECONOMIC PROBLEMS IS ENCOURAGED.
Activities or mission (Part I)
CONSERVATION AND IMPROVEMENT OF HUMAN AND NATURAL RESOURCES AND LOCAL ECONOMIC DEVELOPMENT.
-
THE ORGANIZATION IMPROVES HUMAN AND NATURAL RESOURCES, AND ENHANCES THE ENVIRONMENT AND STANDARD OF LIVING IN SEVEN COUNTIES IN SOUTHWEST MONTANA THROUGH CONSERVATION, ECONOMIC DEVELOPMENT, AND EDUCATION. HEADWATERS OFFERS THE FOLLOWING SERVICES: GRANT ADMINISTRATION, ORGANIZATIONAL DEVELOPMENT WORKSHOPS, CONSENSUS BUILDING, SMALL BUSINESS TECHNICAL ASSISTANCE, SMALL BUSINESS DEVELOPMENT CENTER, SMALL BUSINESS ADMINISTRATION, LOAN PACKAGING, FINANCE PROGRAMS, REVOLVING LOAN FUNDS, TECHNICAL ASSISTANCE FOR BOARD AND COMMITTEE APPROVED PROJECTS, HOMEBUYER EDUCATION CLASS, ENTRY LEVEL ENTREPRENEUR INFORMATION AND EDUCATION AND FOOD AND AGRICULTURAL DEVELOPMENT CENTER.
Expenses $872,800 · Revenue $1,076,761
As filed on the 2023 return.
Listed in Part VII
-
Amanda CooleyAMANDA COOLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Blanche McLureBLANCHE MCLURE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carl HammingCARL HAMMING
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cory KirschCORY KIRSCH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dan SagerDAN SAGER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dave OlsenDAVE OLSEN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gerry KeoghGERRY KEOGH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John BancroftJOHN BANCROFT
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jordan GreenJORDAN GREEN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jp GallagherJP GALLAGHER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Karen ByrnesKAREN BYRNES
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen TarkalsonKATHLEEN TARKALSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lindsey GrahamLINDSEY GRAHAM
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike McGinleyMIKE MCGINLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ray Ann SuttonRAY ANN SUTTON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ron NyeRON NYE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Terry VermierTERRY VERMIER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rick EdwardsRICK EDWARDS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Gail LeeperGAIL LEEPER
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Kelly SullivanKELLY SULLIVAN
EXECUTIVE DIRECTOR
- Total calculated
- $46,200
- From this org
- $46,200
- From related orgs
- $0
- Other
- $0
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432899349301568
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