Gallatin Valley Foundation For Economic Development Inc
Gallatin Valley Foundation For Economic Development Inc shows consistent asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 203116452 · Bozeman, MT · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $87K |
| Program Spending | 80% |
| Net Assets | $422K |
| Transparency Score | 85/100 |
Is Gallatin Valley Foundation For Economic Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gallatin Valley Foundation For Economic Development Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gallatin Valley Foundation For Economic Development Inc
Gallatin Valley Foundation For Economic Development Inc (EIN: 203116452) is a nonprofit organization based in Bozeman, MT, classified under NTEE code S30. The organization reported total revenue of $206K and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gallatin Valley Foundation For Economic Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gallatin Valley Foundation For Economic Development Inc is a small nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $87K |
| Surplus / Deficit | +$9K |
| Total Assets | $423K |
| Total Liabilities | $361 |
| Net Assets | $422K |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 58.3 months |
Financial Health Grade: A
In 2023, Gallatin Valley Foundation For Economic Development Inc reported a surplus of $9K with revenue exceeding expenses, holds 58.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Gallatin Valley Foundation For Economic Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.6% | +45.7% | +1.7% |
| 2022 | -52.9% | -75.2% | -32.1% |
| 2021 | +161.2% | +514.3% | +130.0% |
| 2020 | +13.3% | -6.2% | +71.6% |
| 2019 | +55.9% | -24.3% | +137.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gallatin Valley Foundation For Economic Development Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gallatin Valley Foundation For Economic Development Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other forms of compensation are paid to its officers, which is highly unusual for an organization of its size and could suggest a volunteer-led executive team or that compensation is reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gallatin Valley Foundation For Economic Development Inc's IRS 990 filings:
- Significant fluctuation in annual revenue, indicating potential instability in funding sources.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Gallatin Valley Foundation For Economic Development Inc:
- Consistent asset growth from $65,414 in 2018 to $422,688 in 2023, demonstrating financial stability.
- Consistent reporting of 0% officer compensation, suggesting resources are directed away from executive salaries.
- Positive net income in most years, indicating effective financial management.
- Regular and timely filing of IRS 990 forms, indicating good transparency and compliance.
Frequently Asked Questions about Gallatin Valley Foundation For Economic Development Inc
Is Gallatin Valley Foundation For Economic Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gallatin Valley Foundation For Economic Development Inc (EIN: 203116452) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Gallatin Valley Foundation For Economic Development Inc spend its money?
Gallatin Valley Foundation For Economic Development Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gallatin Valley Foundation For Economic Development Inc tax-deductible?
Gallatin Valley Foundation For Economic Development Inc is registered as a tax-exempt nonprofit (EIN: 203116452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gallatin Valley Foundation For Economic Development Inc's spending goes to programs?
Gallatin Valley Foundation For Economic Development Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gallatin Valley Foundation For Economic Development Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gallatin Valley Foundation For Economic Development Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gallatin Valley Foundation For Economic Development Inc located?
Gallatin Valley Foundation For Economic Development Inc is headquartered in Bozeman, Montana and files with the IRS under EIN 203116452. It is classified under NTEE code S30.
How many years of IRS 990 filings does Gallatin Valley Foundation For Economic Development Inc have?
Gallatin Valley Foundation For Economic Development Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $206K in total revenue.
Is Gallatin Valley Foundation For Economic Development Inc a good charity?
Based on the available data, the organization appears to be a good charity. It demonstrates strong financial health with growing assets, consistently reports 0% officer compensation, and maintains a positive net income in most years, indicating effective management of resources.
How has the organization's revenue trended over the past few years?
Revenue has been volatile, peaking at $380,161 in 2021, then decreasing to $179,110 in 2022, and further to $95,638 in 2023. This suggests a reliance on variable funding sources or project-specific grants.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, which is a notable characteristic. This could mean that executive functions are performed by volunteers or that compensation is categorized differently within their expenses.
Filing History
IRS 990 filing history for Gallatin Valley Foundation For Economic Development Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Gallatin Valley Foundation For Economic Development Inc's revenue has grown by 16.1%, moving from $82K to $96K. Total assets increased by 546.2% over the same period, from $65K to $423K. Total functional expenses rose by 57.9%, from $55K to $87K. In its most recent filing year (2023), Gallatin Valley Foundation For Economic Development Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $361 in liabilities against $423K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $422K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $87K | $423K | $361 | — | — |
| 2022 | $179K | $60K | $416K | $2K | — | View 990 |
| 2021 | $380K | $240K | $613K | $215K | — | View 990 |
| 2020 | $146K | $39K | $266K | $9K | — | — |
| 2019 | $128K | $42K | $155K | $5K | — | View 990 |
| 2018 | $82K | $55K | $65K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $87K, and assets of $423K (revenue -46.6% year-over-year).
- 2022: Revenue of $179K, expenses of $60K, and assets of $416K (revenue -52.9% year-over-year).
- 2021: Revenue of $380K, expenses of $240K, and assets of $613K (revenue +161.2% year-over-year).
- 2020: Revenue of $146K, expenses of $39K, and assets of $266K (revenue +13.3% year-over-year).
- 2019: Revenue of $128K, expenses of $42K, and assets of $155K (revenue +55.9% year-over-year).
- 2018: Revenue of $82K, expenses of $55K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gallatin Valley Foundation For Economic Development Inc:
Data Sources and Methodology
This transparency report for Gallatin Valley Foundation For Economic Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.