Civic Intelligence

Bear Paw Development Corp

EIN 81-0302638 • 501(c)3 • Havre, MT

Profile

The Company's primary function is the encouragement of economic development in Hill, Blaine, Liberty, Phillips and Chouteau counties of Montana.

PO Box 170Havre, MT 59501

bearpaw.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.29x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

37%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

101%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,681,687

Up $4,730,707 (+37%) from 2023

Liabilities

Down

$1,873,325

Down $163,670 (-8.0%) from 2023

Net Assets

Up

$15,808,362

Up $4,894,377 (+45%) from 2023

Revenue

Up

$6,478,183

Up $3,260,913 (+101%) from 2023

Expenses

Up

$1,580,208

Up $428,816 (+37%) from 2023

Net Income

Up

$4,897,975

Up $2,832,097 (+137%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $8,203,477Liabilities 2011: $3,657,359Net Assets 2011: $4,546,1182011Assets 2012: $8,634,195Liabilities 2012: $3,217,224Net Assets 2012: $5,416,9712012Assets 2013: $8,185,963Liabilities 2013: $2,339,086Net Assets 2013: $5,846,8772013Assets 2014: $8,067,146Liabilities 2014: $2,201,744Net Assets 2014: $5,865,4022014Assets 2015: $8,093,632Liabilities 2015: $2,149,106Net Assets 2015: $5,944,5262015Assets 2016: $7,892,853Liabilities 2016: $1,940,341Net Assets 2016: $5,952,5122016Assets 2017: $7,850,897Liabilities 2017: $1,783,424Net Assets 2017: $6,067,4732017Assets 2018: $7,888,591Liabilities 2018: $1,765,631Net Assets 2018: $6,122,9602018Assets 2019: $7,887,338Liabilities 2019: $1,748,743Net Assets 2019: $6,138,5952019Assets 2020: $8,356,902Liabilities 2020: $1,746,266Net Assets 2020: $6,610,6362020Assets 2021: $10,546,975Liabilities 2021: $1,832,960Net Assets 2021: $8,714,0152021Assets 2022: $10,521,298Liabilities 2022: $1,673,191Net Assets 2022: $8,848,1072022Assets 2023: $12,950,980Liabilities 2023: $2,036,995Net Assets 2023: $10,913,9852023Assets 2024: $17,681,687Liabilities 2024: $1,873,325Net Assets 2024: $15,808,3622024

Highlighted filing

2024

Assets$17,681,687
Liabilities$1,873,325
Net Assets$15,808,362

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2011: $1,149,754Expenses 2011: $1,073,786Net Income 2011: $75,9682011Revenue 2012: $1,764,383Expenses 2012: $893,530Net Income 2012: $870,8532012Revenue 2013: $1,232,594Expenses 2013: $802,688Net Income 2013: $429,9062013Revenue 2014: $803,175Expenses 2014: $784,650Net Income 2014: $18,5252014Revenue 2015: $1,011,500Expenses 2015: $932,376Net Income 2015: $79,1242015Revenue 2016: $1,165,265Expenses 2016: $1,157,279Net Income 2016: $7,9862016Revenue 2017: $1,337,158Expenses 2017: $1,222,197Net Income 2017: $114,9612017Revenue 2018: $1,002,903Expenses 2018: $947,416Net Income 2018: $55,4872018Revenue 2019: $1,266,940Expenses 2019: $1,251,305Net Income 2019: $15,6352019Revenue 2020: $1,547,539Expenses 2020: $1,092,998Net Income 2020: $454,5412020Revenue 2021: $3,629,842Expenses 2021: $1,526,463Net Income 2021: $2,103,3792021Revenue 2022: $1,522,594Expenses 2022: $1,388,502Net Income 2022: $134,0922022Revenue 2023: $3,217,270Expenses 2023: $1,151,392Net Income 2023: $2,065,8782023Revenue 2024: $6,478,183Expenses 2024: $1,580,208Net Income 2024: $4,897,9752024

Highlighted filing

2024

Revenue$6,478,183
Expenses$1,580,208
Net Income$4,897,975

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.7$1.87$15.8$6.48$1.58$4.90
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$2.04$10.9$3.22$1.15$2.07
2022Detailed filing. Detailed filing data is available for this year.$10.5$1.67$8.85$1.52$1.39$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$1.83$8.71$3.63$1.53$2.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.36$1.75$6.61$1.55$1.09$0.45
2019Detailed filing. Detailed filing data is available for this year.$7.89$1.75$6.14$1.27$1.25$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$1.77$6.12$1.00$0.95$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.85$1.78$6.07$1.34$1.22$0.11
2016Detailed filing. Detailed filing data is available for this year.$7.89$1.94$5.95$1.17$1.16$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.09$2.15$5.94$1.01$0.93$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.07$2.20$5.87$0.80$0.78$0.02
2013Detailed filing. Detailed filing data is available for this year.$8.19$2.34$5.85$1.23$0.80$0.43
2012Summary only. Only limited summary data is available for this year.$8.63$3.22$5.42$1.76$0.89$0.87
2011Summary only. Only limited summary data is available for this year.$8.20$3.66$4.55$1.15$1.07$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 6, 2025
Return Version
2024v5.2
Gross Receipts
$6,478,183
Mission and Program Overview

Mission

The company's primary function is the encouragement of economic development in hill, blaine, liberty, phillips and chouteau counties of montana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$8,374,265$10,067,941▲ $1,693,676
Savings and Temporary Cash Investments$3,828,836$6,922,547▲ $3,093,711
Land, Buildings, and Equipment, Net$533,687$524,410▼ $9,277
Pledges and Grants Receivable$209,926$163,060▼ $46,866
Prepaid Expenses and Deferred Charges$4,266$3,729▼ $537
Total Assets$12,950,980$17,681,687▲ $4,730,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,847,841$1,691,187▼ $156,654
Deferred Revenue$99,145$102,270▲ $3,125
Accounts Payable and Accrued Expenses$90,009$79,868▼ $10,141
Total Liabilities$2,036,995$1,873,325▼ $163,670
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,858,961$15,756,556▲ $4,897,595
Net Assets With Donor Restrictions$55,024$51,806▼ $3,218
Total Net Assets Fund Balance$10,913,985$15,808,362▲ $4,894,377
Total Liabilities and Net Assets / Fund Balance$12,950,980$17,681,687▲ $4,730,707

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$491,942$2,058$494,000
Leasehold Improvements$1,468$85,456$86,924
Land$31,000-$31,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul TussEdFT$100,810$7,718$108,528
Stefnie ReddingDooFT$64,597$7,405$72,002
Patrisha CichoszLoan OfficerFT$61,791$4,055$65,846

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,819,786
Program Service Revenue
$124,484
Investment Income
$533,913
Other Revenue
$0
All Other Contributions
$18,500
Change in Net Assets
$4,897,975

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,478,183
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,478,183
Total Revenue per Form 990
$6,478,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$892,847
Salaries, Compensation, and Employee Benefits$687,361
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$300,967--$300,967
Current Officers, Directors, Trustees, and Key Employees$147,940$79,257-$227,197
Other Employee Benefits$78,103$14,023-$92,126
Interest$24,846$21,744-$46,590
All Other Expenses$26,672$10,036-$36,708
Pension Plan Contributions$29,942$5,286-$35,228
Travel$18,203$15,914-$34,117
Fees for Services Accounting$33,753--$33,753
Payroll Taxes$25,780$6,063-$31,843
Fees for Services Other$29,035$711-$29,746
Depreciation Depletion-$16,634-$16,634
Insurance$8,066$7,229-$15,295
Other Expenses$426$10,151-$10,577
Office Expenses$4,378$3,273-$7,651
Occupancy$3,953--$3,953
Advertising$3,164$250-$3,414
Fees for Services Legal$1,841$64-$1,905
Total Functional Expenses$1,388,052$192,156$0$1,580,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,583,806
Expenses per Audited Statements$1,580,208
Total Expenses per Form 990$1,580,208
Expenses Not Reported on Form 990$3,598
Expenses Not Reported on Financial Statements$0
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Line 6 explanation - local government units within the bear paw development economic development district as designated by the us economic development administration and the governor of montana.

Form 990, Part VI, Section A, Line 7A

Line 7a explanation - each member (governmental unit) appoints an individual to serve on the board of directors for a four year term.

Form 990, Part VI, Section B, Line 11B

Line 11a explanation - a pdf copy of the form 990 was provided electronically to all board members. Board members were given a two week period to review and comment on the return.

Form 990, Part VI, Section B, Line 12C

Directors complete an annual conflict of interest disclosure which is reviewed by the executive committee.

Form 990, Part VI, Section C, Line 19

Documents available upon request to the public.

Filing and Contact Details

Filer

Filer Name
Bear Paw Development Corp
EIN
81-0302638
Phone
4062659226
Address
PO BOX 170, HAVRE, MT 59501

Signing Officer

Name
Doug Kaercher
Title
Board President
Phone
4062659226
Signed
2025-10-06
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
Mt
Voting Board Members
24
Independent Board Members
24
Employees
12
Volunteers
64

Preparer

Firm
Pinion LLC
Address
21 10TH STREET SOUTH, GREAT FALLS, MT 59401
Preparer
Sarah Stanger
Phone
4067270888
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The finance committee of the board of directors assumes responsibility for oversight of the audit and selection of an independent accountant. There is no change from the previous year.

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

OTHER EXPENSES

Raw XML AppendixShowing 400 of 592 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE COMPANY'S PRIMARY FUNCTION IS THE ENCOURAGEMENT OF ECONOMIC DEVELOPMENT IN HILL, BLAINE, LIBERTY, PHILLIPS AND CHOUTEAU COUNTIES OF MONTANA.
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IRS990/Form990PartVIISectionAGrp/PersonNm9BRUCE CHRISTOFFERSON
IRS990/Form990PartVIISectionAGrp/PersonNm10DIANE MCLEAN
IRS990/Form990PartVIISectionAGrp/PersonNm11DOUG KAERCHER
IRS990/Form990PartVIISectionAGrp/PersonNm12EMILY HARSHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13FRANK DEPRIEST
IRS990/Form990PartVIISectionAGrp/PersonNm14JIM GHEKIERE
IRS990/Form990PartVIISectionAGrp/PersonNm15JOESEPH WERTZ
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN DEMARAIS
IRS990/Form990PartVIISectionAGrp/PersonNm17LANNY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm18RICK DARLINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm19SCOTT ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm20WENDY KLEINSASSER
IRS990/Form990PartVIISectionAGrp/PersonNm21LEONA KIENENBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm22RICHARD SANGREY
IRS990/Form990PartVIISectionAGrp/PersonNm23LORETTA BELL
IRS990/Form990PartVIISectionAGrp/PersonNm24TIFFANY MELBY
IRS990/Form990PartVIISectionAGrp/PersonNm25STEFNIE REDDING
IRS990/Form990PartVIISectionAGrp/PersonNm26PAUL TUSS
IRS990/Form990PartVIISectionAGrp/PersonNm27PATRISHA CICHOSZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25DOO
IRS990/Form990PartVIISectionAGrp/TitleTxt26ED
IRS990/Form990PartVIISectionAGrp/TitleTxt27LOAN OFFICER
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IRS990/MissionDesc0THE COMPANY'S PRIMARY FUNCTION IS THE ENCOURAGEMENT OF ECONOMIC DEVELOPMENT IN HILL, BLAINE, LIBERTY, PHILLIPS AND CHOUTEAU COUNTIES OF MONTANA.
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IRS990/ProgSrvcAccomActy2Grp/Desc0BEAR PAW DEVELOPMENT'S BROWNFIELDS PROGRAM THAT STARTED IN 2009 HAS BEEN FUNDED BY A TOTAL OF $5.45 MILLION IN GRANTS FROM THE EPA. $1.8 MILLION OF THIS AMOUNT IS ASSOCIATED WITH PERFORMING ENVIRONMENTAL ASSESSMENTS ON PROPERTIES IN THE BEAR PAW DISTRICT THAT ARE CONTAMINATED OR PERCEIVED TO BE CONTAMINATED. $3.65 MILLION IS ASSOCIATED WITH THE ESTABLISHMENT OF A BROWNFIELDS REVOLVING LOAN FUND TO MAKE LOW OR NO INTEREST LOANS TO BUSINESSES AND OTHER ENTITIES WISHING TO CLEANUP CONTAMINATION ON THEIR PROPERTY. TO DATE, 93 ASSESSMENTS AND 17 CLEANUPS HAVE BEEN COMPLETED
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047906
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTRATION OF LOAN PROGRAMS FOR ECONOMIC DEVELOPMENT. THROUGH BEAR PAW DEVELOPMENT'S LOAN DEPARTMENT, $2.6 MILLION WAS LOANED TO SMALL BUSINESSES IN 2024 FOR START-UP OR EXPANSION OPPORTUNITIES. THESE LOANS WERE FOR BUSINESSES THAT COULD NOT RECEIVE FINANCING FROM CONVENTIONAL BANK SOURCES. THIS LOAN ACTIVITY RESULTED IN THE CREATION OR RETENTION OF 3 JOBS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0957780
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0124484
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SMALL BUSINESS DEVELOPMENT CENTER ACTIVITIES. BEAR PAW DEVELOPMENT CORPORATION SERVES AS THE HOST FOR ONE OF TEN SMALL BUSINESS DEVELOPMENT CENTERS LOCATED THROUGHOUT MONTANA. FUNDING THROUGH A VARIETY OF SOURCES ALLOWS BEAR PAW DEVELOPMENT TO HIRE AN INDIVIDUAL RESPONSIBLE FOR ASSISTING SMALL BUSINESS OWNERS AND ASPIRING ENTREPRENEURS WITH ASSISTANCE IN DEVELOPING BUSINESS PLANS, FINANCE STRATEGIES, AND MARKETING OPPORTUNITIES. IN 2024, THE SBDC AT BEAR PAW DEVELOPMENT COUNSELED 80 DISTINCT CLIENTS, WHICH RESULTED IN OVER $515,000 IN FINANCING FROM LOCAL BANKS AND OTHER SOURCES. THIS FUNDING HELPED TO START 5 NEW BUSINESSES, WHILE SUPPORTING 36 JOBS.ST. MARY REHABILITATION WORKING GROUP ACTIVITIES. BEAR PAW DEVELOPMENT CORPORATION SERVES AS FISCAL AGENT FOR THIS GROUP OF CONCERNED ENTITIES IN THE MILK RIVER BASIN THAT HAS ORGANIZED TO EXPEDITE THE REHABILITATION OF THE ST. MARY CONVEYANCE WORKS AND CANAL SYSTEM, WHICH DELIVERS WATER FOR IRRIGATION, RECREATION, AND MUNICIPAL USE TO A BROAD AREA OF NORTHERN MONTANA. THE GROUP CONSISTS OF REPRESENTATIVES FROM MUNICIPALITIES, CONSERVATION GROUPS, IRRIGATION DISTRICTS, AND OTHERS, AND WORKS WITH THE STATE AND FEDERAL OFFICIALS, IN AN ATTEMPT TO SECURE FUNDING FOR THIS AGING INFRASTRUCTURE, WHICH WAS DEVELOPED NEARLY 100 YEARS AGO.

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