Civic Intelligence

Forsyth Development Foundation

990 • Fiscal year 2022 • EIN 81-0502764

Jan 01, 2022 to Dec 31, 2022 • Filed on May 31, 2023

PO Box 398Forsyth, MT 59327

(406) 252-3773

Siviq Scores

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

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.15x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

61st percentile

7.3%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

5.0%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$789,048

Up $53,977 (+7.3%) from 2021

Net Assets

Up

$724,898

Up $51,839 (+7.7%) from 2021

Liabilities

Up

$64,150

Up $2,138 (+3.4%) from 2021

Revenue

Up

$421,320

Up $20,148 (+5.0%) from 2021

Expenses

Up

$369,481

Up $41,365 (+13%) from 2021

Net Income

Down

$51,839

Down $21,217 (-29%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $346,675Liabilities 2011: $50,402Net Assets 2011: $296,2732011Assets 2012: $366,040Liabilities 2012: $62,990Net Assets 2012: $303,0502012Assets 2013: $406,798Liabilities 2013: $73,758Net Assets 2013: $333,0402013Assets 2014: $382,454Liabilities 2014: $79,449Net Assets 2014: $303,0052014Assets 2015: $422,110Liabilities 2015: $78,118Net Assets 2015: $343,9922015Assets 2016: $462,029Liabilities 2016: $69,594Net Assets 2016: $392,4352016Assets 2017: $508,362Liabilities 2017: $54,984Net Assets 2017: $453,3782017Assets 2018: $781,520Liabilities 2018: $288,895Net Assets 2018: $492,6252018Assets 2019: $613,171Liabilities 2019: $97,469Net Assets 2019: $515,7022019Assets 2020: $670,094Liabilities 2020: $70,091Net Assets 2020: $600,0032020Assets 2021: $735,071Liabilities 2021: $62,012Net Assets 2021: $673,0592021Assets 2022: $789,048Liabilities 2022: $64,150Net Assets 2022: $724,8982022Assets 2023: $1,407,310Liabilities 2023: $668,996Net Assets 2023: $738,3142023Assets 2024: $1,382,154Liabilities 2024: $633,693Net Assets 2024: $748,4612024

Highlighted filing

2022

Assets$789,048
Liabilities$64,150
Net Assets$724,898

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $256,3842011Expenses 2012: $296,5652012Revenue 2013: $311,298Expenses 2013: $293,104Net Income 2013: $18,1942013Revenue 2014: $325,846Expenses 2014: $355,430Net Income 2014: -$29,5842014Revenue 2015: $338,400Expenses 2015: $313,540Net Income 2015: $24,8602015Revenue 2016: $352,083Expenses 2016: $303,640Net Income 2016: $48,4432016Revenue 2017: $352,450Expenses 2017: $291,507Net Income 2017: $60,9432017Revenue 2018: $361,605Expenses 2018: $322,358Net Income 2018: $39,2472018Revenue 2019: $364,197Expenses 2019: $341,120Net Income 2019: $23,0772019Revenue 2020: $433,824Expenses 2020: $349,523Net Income 2020: $84,3012020Revenue 2021: $401,172Expenses 2021: $328,116Net Income 2021: $73,0562021Revenue 2022: $421,320Expenses 2022: $369,481Net Income 2022: $51,8392022Revenue 2023: $443,544Expenses 2023: $425,414Net Income 2023: $18,1302023Revenue 2024: $454,050Expenses 2024: $443,903Net Income 2024: $10,1472024

Highlighted filing

2022

Revenue$421,320
Expenses$369,481
Net Income$51,839
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 31, 2023
Return Version
2022v5.0
Gross Receipts
$421,320
Mission and Program Overview

Mission

Assistance in the recreational and developmental growth of the community of forsyth, mt.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$287,597$268,531▼ $19,066
Cash and Non-Interest-Bearing Accounts$92,823$42,813▼ $50,010
Prepaid Expenses and Deferred Charges$7,242$8,264▲ $1,022
Accounts Receivable$356$1,584▲ $1,228
Savings and Temporary Cash Investments-$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$735,071$789,048▲ $53,977
Other Assets Total$347,053$467,856▲ $120,803
Liabilities
Other Liabilities$48,762$47,753▼ $1,009
Accounts Payable and Accrued Expenses$12,521$15,674▲ $3,153
Deferred Revenue$729$723▼ $6
Total Liabilities$62,012$64,150▲ $2,138
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$673,059$724,898▲ $51,839
Total Net Assets Fund Balance$673,059$724,898▲ $51,839
Total Liabilities and Net Assets / Fund Balance$735,071$789,048▲ $53,977

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$281,321$423,803$705,124
Equipment$8,892$3,558$12,450
Buildings$-12,346$22,846$10,500
Other Land Buildings$-9,336$19,454$10,118
Other Assets Org$35,574--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carole RaymondDirector
Cindy LarsenDirector
Dennis KopitzkeDirector
Harry TatroDirector
Joel KlapmeierDirector
Robert MartelleDirector
Wayne PesterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$421,196
Investment Income
$124
Other Revenue
$0
Change in Net Assets
$51,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$369,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$223,191--$223,191
Fees for Services Other$27,446$31,359-$58,805
Depreciation Depletion$32,184--$32,184
Fees for Services Management-$25,269-$25,269
Insurance$10,868--$10,868
Fees for Services Accounting-$7,995-$7,995
Office Expenses$7,530--$7,530
Other Expenses$328--$328
Conferences and Meetings$312--$312
Advertising$126--$126
Total Functional Expenses$304,858$64,623$0$369,481
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
Tenant Security Deposits$30,253
Accrued Lease Payments$17,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Three members of the board of directors review the form 990 before it is filed.

Form 990, Part VI, Section C, Line 19

The governing, organization policies, tax returns and financial statements are made available to the city council of forsyth, mt on a regular basis. The signed form 990 can be found by searching the internet. A suggested site is guidestar. The form 990 is also available upon request.

Filing and Contact Details

Filer

Filer Name
Forsyth Development Foundation
EIN
81-0502764
Phone
4062523773
Address
PO BOX 398, FORSYTH, MT 59327

Signing Officer

Name
Robert Martelle
Title
Director
Signed
2023-05-31
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Mrachek Popp & Associates PC
Address
404 North 31st Suite 400, Billings, MT 59101
Preparer
Gregory Popp
Phone
4062526301
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Management and full board review and approve audit.

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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt039
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0328116
IRS990/PYProgramServiceRevenueAmt0401133
IRS990/PYRevenuesLessExpensesAmt073056
IRS990/PYTotalExpensesAmt0328116
IRS990/PYTotalRevenueAmt0401172
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt051839
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0421196
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0421196
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0401133
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0399223
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0364109
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0361555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01947216
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0345
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt034557
IRS990ScheduleA/OtherIncome509Grp/TotalAmt034557
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98240
IRS990ScheduleA/PublicSupportPY509Pct00.98180
IRS990ScheduleA/PublicSupportTotal509Amt01947216
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0421196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0401133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0399223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0364109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0361555
IRS990ScheduleA/Total509Grp/TotalAmt01947216
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0421320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0401172
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0433824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0364197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0361605
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01982118
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0-12346
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022846
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010500
IRS990ScheduleD/EquipmentGrp/BookValueAmt08892
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03558
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012450
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0281321
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0423803
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0705124
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0432282
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt135574
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT ACCOUNT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-9336
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019454
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LEASE PAYMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0268531
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0467856
IRS990ScheduleD/TotalLiabilityAmt047753
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THREE MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING, ORGANIZATION POLICIES, TAX RETURNS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE CITY COUNCIL OF FORSYTH, MT ON A REGULAR BASIS. THE SIGNED FORM 990 CAN BE FOUND BY SEARCHING THE INTERNET. A SUGGESTED SITE IS GUIDESTAR. THE FORM 990 IS ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT AND FULL BOARD REVIEW AND APPROVE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0735071
IRS990/TotalAssetsEOYAmt0789048
IRS990/TotalAssetsGrp/BOYAmt0735071
IRS990/TotalAssetsGrp/EOYAmt0789048
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064623
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0304858
IRS990/TotalFunctionalExpensesGrp/TotalAmt0369481
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062012
IRS990/TotalLiabilitiesEOYAmt064150
IRS990/TotalLiabilitiesGrp/BOYAmt062012
IRS990/TotalLiabilitiesGrp/EOYAmt064150
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0673059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0724898
IRS990/TotalProgramServiceExpensesAmt0304858
IRS990/TotalProgramServiceRevenueAmt0421196
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0421320
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0421320
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0735071
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0789048
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.63$0.75$0.45$0.44$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.67$0.74$0.44$0.43$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.06$0.72$0.42$0.37$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.06$0.67$0.40$0.33$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.07$0.60$0.43$0.35$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.10$0.52$0.36$0.34$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.29$0.49$0.36$0.32$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.05$0.45$0.35$0.29$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.07$0.39$0.35$0.30$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.08$0.34$0.34$0.31$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.08$0.30$0.33$0.36$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.07$0.33$0.31$0.29$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.06$0.30$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.05$0.30$0.26