Civic Intelligence

West Yellowstone Economic Development Council Inc

990 • Fiscal year 2017 • EIN 20-4982309

Jan 01, 2017 to Dec 31, 2017 • Filed on May 16, 2018

239 Firehole AveWest Yellowstone, MT 59758

(406) 580-1520

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.24x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

2.03x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

42nd percentile

-1.0%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-20%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$474,804

Down $4,710 (-1.0%) from 2016

Net Assets

Up

$362,323

Up $10,932 (+3.1%) from 2016

Liabilities

Down

$112,481

Down $15,642 (-12%) from 2016

Revenue

Down

$55,455

Down $14,112 (-20%) from 2016

Expenses

Down

$44,545

Down $18,613 (-29%) from 2016

Net Income

Up

$10,910

Up $4,501 (+70%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $615,512Liabilities 2011: $251,749Net Assets 2011: $363,7632011Assets 2012: $568,356Liabilities 2012: $170,095Net Assets 2012: $398,2612012Assets 2013: $538,841Liabilities 2013: $170,096Net Assets 2013: $368,7452013Assets 2014: $520,711Liabilities 2014: $156,426Net Assets 2014: $364,2852014Assets 2015: $487,739Liabilities 2015: $142,757Net Assets 2015: $344,9822015Assets 2016: $479,514Liabilities 2016: $128,123Net Assets 2016: $351,3912016Assets 2017: $474,804Liabilities 2017: $112,481Net Assets 2017: $362,3232017Assets 2018: $473,305Liabilities 2018: $96,311Net Assets 2018: $376,9942018Assets 2020: $446,294Liabilities 2020: $62,402Net Assets 2020: $383,8922020Assets 2021: $430,303Liabilities 2021: $43,668Net Assets 2021: $386,6352021Assets 2022: $408,368Liabilities 2022: $24,230Net Assets 2022: $384,1382022Assets 2023: $392,510Liabilities 2023: $1,050Net Assets 2023: $391,4602023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$474,804
Liabilities$112,481
Net Assets$362,323

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KExpenses 2011: $62,6782011Expenses 2012: $67,4722012Revenue 2013: $52,216Expenses 2013: $81,732Net Income 2013: -$29,5162013Revenue 2014: $53,219Expenses 2014: $57,679Net Income 2014: -$4,4602014Revenue 2015: $44,920Expenses 2015: $64,223Net Income 2015: -$19,3032015Revenue 2016: $69,567Expenses 2016: $63,158Net Income 2016: $6,4092016Revenue 2017: $55,455Expenses 2017: $44,545Net Income 2017: $10,9102017Revenue 2018: $77,334Expenses 2018: $62,663Net Income 2018: $14,6712018Revenue 2020: $58,881Expenses 2020: $54,798Net Income 2020: $4,0832020Revenue 2021: $67,655Expenses 2021: $64,912Net Income 2021: $2,7432021Revenue 2022: $79,407Expenses 2022: $81,904Net Income 2022: -$2,4972022Revenue 2023: $81,672Expenses 2023: $74,855Net Income 2023: $6,8172023Revenue 2024: $12,636Expenses 2024: $50,051Net Income 2024: -$37,4152024

Highlighted filing

2017

Revenue$55,455
Expenses$44,545
Net Income$10,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 16, 2018
Return Version
2017v2.2
Gross Receipts
$73,847
Mission and Program Overview

Mission

The west yellowstone economic development council, inc. (wyed) is a non-profit organization created for the primary purpose of creating a healthier and more vibrant economy as well as a revitalized community in west yellowstone, montana and the surrounding hebgen lake basin. Wyed works toward this goal by coordinating economic development planning and assisting with the implementation of innovative projects in the community, by assisting local government as a resource in planning public works and administering of public and private investments, and by coordinating research, planning and advisory functions appropriate to the attainment of its objectives. Through these activities, we will assist in the natural and timely evolution of our economy by creating and nourishing successful long-term partnerships with public and private entities for the benefit of our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$393,926$384,681▼ $9,245
Savings and Temporary Cash Investments$68,115$70,309▲ $2,194
Cash and Non-Interest-Bearing Accounts$15,322$17,604▲ $2,282
Prepaid Expenses and Deferred Charges$2,151$2,210▲ $59
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$479,514$474,804▼ $4,710
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$127,823$112,181▼ $15,642
Other Liabilities$300$300→ $0
Total Liabilities$128,123$112,481▼ $15,642
Net Assets / Fund Balance
Unrestricted Net Assets$351,391$362,323▲ $10,932
Total Net Assets Fund Balance$351,391$362,323▲ $10,932
Total Liabilities and Net Assets / Fund Balance$479,514$474,804▼ $4,710

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$279,627$61,613$341,240
Land$100,000-$100,000
Other Land Buildings$915$7,286$8,201
Leasehold Improvements$4,139$2,953$7,092
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pierre MartineauPresident
Clyde G SeelyVice President
Mark PetroniDirector
Wayde AustadDirector
John GreveSecretary
Ed GeigerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275
Program Service Revenue
$21,552
Investment Income
$295
Other Revenue
$33,333
Change in Net Assets
$10,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,545
Total Fundraising Expense$246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$12,950--$12,950
Depreciation Depletion$5,675$305$122$6,102
Interest$4,217--$4,217
Fees for Services Accounting$2,843$153$61$3,057
Advertising$2,955--$2,955
All Other Expenses$2,868$30$12$2,910
Travel$1,815--$1,815
Insurance$1,552--$1,552
Other Expenses$721$39$15$775
Total Functional Expenses$43,682$617$246$44,545
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Clyde seely is the sole shareholder of the incorporated entity west yellowstone economic development council inc.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
West Yellowstone Economic Development
EIN
20-4982309
Phone
4065801520
Address
239 FIREHOLE AVE, WEST YELLOWSTONE, MT 59758

Signing Officer

Name
John Greve
Title
Secretary
Signed
2018-05-16
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Mt
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Rudd & Company PLLC
Address
3805 Valley Commons Drive Suite 7, Bozeman, MT 59718
Preparer
Brent Walker CPA
Phone
4065853393
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IRS990/ProgramServiceRevenueGrp/Desc1WALKING TOUR
IRS990/ProgramServiceRevenueGrp/Desc2YSC CONSORTIUM
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218005
IRS990/ProgSrvcAccomActy2Grp/Desc0BRING MORE VISITORS TO AN ECONOMICALLY DEPRESSED AREA TO BOOST THE LOCAL ECONOMONY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010571
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt070309
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt01. West Yellowstone Economic Development (WYED) regularly and continuously maintains programs developed specifically for the development and support of the community of West Yellowstone, Montana. These programs are supported by funds received from the community in the form of donations and membership fees.2. The majority of support received by the organization is generated via programs operated by WYED in alignment with their charitable purpose. The organization is directed by a board of six individuals that steward resources to accurately reflect the charitable purpose of the organization to further improve and develop the community of West Yellowstone. The organization also allows community members to use the WYED building to operate the Yellowstone Studies Center Consortium for experiential learning in the community. 3. West Yellowstone Economic Development is a membership-based organization. Businesses and individuals pay a membership fee to be involved in programs that stimulate economic development within the community. The membership fee program has failed to generate significant support and the board is actively looking for ways to increase membership support.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011026
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt013857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt015489
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0295
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0113
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IRS990ScheduleA/TotalSupportAmt052430
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0279627
IRS990ScheduleD/BuildingsGrp/DepreciationAmt061613
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IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04139
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02953
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt0300
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLYDE SEELY IS THE SOLE SHAREHOLDER OF THE INCORPORATED ENTITY WEST YELLOWSTONE ECONOMIC DEVELOPMENT COUNCIL INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalVolunteersCnt07
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