Form 990 for tax year 2022

Totals

Total revenue

$1,048,353

Total expenses

$858,869

Contributions and grants received

$603,854

Grants paid

$0

Program service revenue

$437,754

Investment income

$2

Other revenue

$6,743

Total assets, end of year

$826,008

Total liabilities, end of year

$179,676

Net assets or fund balances, end of year

$646,332

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 · 2022

• BUSINESS DEVELOPMENT PROGRAM:THE BUSINESS DEVELOPMENT PROGRAM AT THE MISSOULA ECONOMIC PARTNERSHIP (MEP) IS DESIGNED TO CATER TO BUSINESSES AT ALL STAGES, OFFERING DIRECT SERVICES AND COLLABORATING WITH KEY PARTNERS. IN 2023, MEP CONDUCTED 52 BUSINESS RETENTION VISITS WITH MISSOULA COUNTY BUSINESSES, MARKING A SIGNIFICANT INCREASE FROM THE PREVIOUS FISCAL YEAR. THESE VISITS WERE AIMED AT UNDERSTANDING BUSINESS PRIORITIES, EXPLORING AVAILABLE RESOURCES, AND GAINING INSIGHTS INTO THE CURRENT BUSINESS CLIMATE. THROUGH THESE ENGAGEMENTS, MEP NOT ONLY FOSTERED STRONGER RELATIONSHIPS WITH LOCAL BUSINESSES BUT ALSO GAINED A DEEPER UNDERSTANDING OF THEIR UNIQUE NEEDS. RECOGNIZING THE IMPORTANCE OF DOWNTOWN BUSINESSES, MEP ESTABLISHED A PARTNERSHIP WITH THE MISSOULA BUSINESS IMPROVEMENT DISTRICT. THIS COLLABORATION INVOLVES ALLOCATING A PORTION OF A FULL-TIME BUSINESS DEVELOPMENT DIRECTOR'S TIME TO FOCUS SPECIFICALLY ON DOWNTOWN BUSINESSES. THIS CONCERTED EFFORT ENSURES ENHANCED SUPPORT FOR DOWNTOWN BUSINESSES AND CONTRIBUTES TO THEIR OVERALL GROWTH. TO EXTEND OUR IMPACT COUNTYWIDE, MEP ORGANIZED A DAY-LONG BUSINESS MEET-AND-GREET EVENT IN SEELEY LAKE. THIS EVENT SERVED AS AN INVALUABLE PLATFORM TO CONNECT WITH LOCAL BUSINESSES, GAIN INSIGHTS INTO THEIR DISTINCTIVE CHALLENGES, AND EXPLORE COLLABORATIVE OPPORTUNITIES FOR MUTUAL GROWTH AND SUPPORT.

• TALENT DEVELOPMENT PROGRAM: MEP ACTIVELY FOSTERS PATHWAYS FOR INDIVIDUALS TO UNLOCK THEIR POTENTIAL. IN COLLABORATION WITH MISSOULA COUNTY, MEP SECURED $1,615,000 IN BIG SKY ECONOMIC DEVELOPMENT TRUST FUND JOB CREATION GRANTS. THESE GRANTS SUPPORT SEVEN MISSOULA COMPANIES IN CREATING 325 FULL-TIME JOBS SURPASSING THE COUNTY'S AVERAGE WAGE OF $24.26/HOUR. SUCCESSFULLY FULFILLED, THESE JOBS WILL GENERATE OVER $16M IN ANNUAL WAGES. ADDITIONALLY, MEP PARTNERED WITH MISSOULA COUNTY, CLIMATE SMART MISSOULA, AND MOUNTAIN HOME MONTANA TO SECURE $180,000 FUNDING FROM THE U.S. DEPARTMENT OF ENERGY AMERICAN-MADE CHALLENGE. THIS FUNDING AIDS THE COALITION'S EFFORTS TO BUILD A DIVERSE AND EQUITABLE WORKFORCE, CONNECTING LOW-INCOME WOMEN TO JOB OPPORTUNITIES AND ADVANCING MISSOULA'S TRANSITION TO CLEAN ENERGY. MEP FURTHERED THIS INITIATIVE BY SUCCESSFULLY SUBMITTING A JOINT APPLICATION WITH THE CITY TO THE NATIONAL LEAGUE OF CITIES GOOD JOBS, GREAT CITIES ACADEMY. MEP'S TALENT 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:BUILDING ON THE PREVIOUS YEAR'S EFFORTS TO ACCELERATE HOUSING AND COMMERCIAL DEVELOPMENT PROCESSES, MEP ESTABLISHED A LAND DEVELOPMENT COMMITTEE. COMPRISING OF LAND DEVELOPMENT PRACTITIONERS AND PROFESSIONAL EXPERTS, THIS ONGOING COMMITTEE MEETS QUARTERLY TO ADVANCE LAND DEVELOPMENT STRATEGIES AND OPPORTUNITIES OUTLINED IN MEP'S STRATEGIC PLAN AND MISSOULA'S COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS). ADDITIONALLY, IN COLLABORATION WITH THE CITY AND MISSOULA REDEVELOPMENT AGENCY, MEP PLAYED A PIVOTAL ROLE IN RECRUITING AND INFORMING INVESTORS AND DEVELOPERS INTERESTED IN THE DEVELOPMENT OF MISSOULA'S OLD LIBRARY BLOCK. THROUGH THESE EFFORTS, MEP ENGAGED WITH 14 TEAMS AND PLAYED A KEY ROLE IN HELPING THE CITY FIND A TEAM THAT ALIGNS WITH ITS VISION AND GOALS FOR THE SITE.

• COMMUNICATIONS AND ENGAGEMENT PROGRAMMEP EXPANDED COMMUNICATION AND ENGAGEMENT EFFORTS TO FOSTER STRONGER CONNECTIONS WITH THE COMMUNITY AND PROVIDE VALUABLE RESOURCES AND INFORMATION TO BUSINESSES AND EMPLOYEES. MEP INITIATED A MONTHLY RADIO NEWS PROGRAM REACHING 20,000 LISTENERS WHILE COVERING PRESSING ECONOMIC ISSUES. MORE THAN 800 PEOPLE WERE REACHED ON A BIMONTHLY BASIS THROUGH MEP'S NEWSLETTER, THE INDICATOR. IN PARTNERSHIP WITH PARSONS BEHLE & LATIMER, MEP HOSTED A SUCCESSFUL EVENT TO INFORM MORE THAN 100 ATTENDEES OF IMPACTFUL LEGISLATION FROM MONTANA'S RECENT SESSION. IN ADDITION, MEP ENGAGED WITH THE COMMUNITY BY PROVIDING RESOURCES THROUGH WORKSHOP EVENTS AND SOCIAL MEDIA CAMPAIGNS, BUILDING BOTH AUDIENCES THROUGHOUT THE YEAR.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

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

2022

Filed

14 May 2024

IRS schema version

2022v5.0

Source object

202431359349303613

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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