Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4A | ACCOMPLISHMENTS FOR 2020: THE COVID-19 PANDEMIC ENVIRONMENT OF 2020 HAD A SUBSTANTIAL IMPACT ON AREA BUSINESSES, WITH MANY UNCERTAIN IF THEY WOULD BE ABLE TO CONTINUE. MWED TOOK SWIFT ACTION TO DEVELOP AN EMERGENCY LOAN PROGRAM WITH 0% INTEREST AND 6-MONTH DEFERRAL OF PAYMENTS. TWENTY-ONE BUSINESSES WERE ABLE TO TAKE ADVANTAGE OF THESE $5,000 LOANS, WHICH HELPED RETAIN 70-80 JOBS. MWED ALSO OFFERED THREE-MONTH DEFERRAL OF PAYMENTS FOR OUR EXISTING LOAN CLIENTS TO HELP THEM GET THROUGH THE SHUT-DOWN PERIOD. THE TOTAL LOAN PORTFOLIO WAS ~ $2,900,000. OUR PROCUREMENT TECHNICAL ASSISTANCE CENTER (PTAC) CONTINUED TO BE ACTIVE IN 2020, WITH 338 UNIQUE CLIENTS SERVED, 118 CONTRACTS AWARDED TO 55 CLIENTS, FOR A TOTAL CONTRACT VALUE OF $18,730,798. PTAC HELD SIX TRAINING EVENTS ON CONTRACTING WITH THE GOVERNMENT. MWED STAFF PRIORITIZED MEMBERSHIP, LOANS (ESPECIALLY EMERGENCY NEEDS DUE TO COVID, GOVERNMENT CONTRACT OPPORTUNITIES AND SERVICES UNDER CONTRACT TO FLATHEAD COUNTY ECONOMIC DEVELOPMENT AUTHORITY (FCEDA). UNDER THE SERVICES CONTRACT, STAFF CONTINUED TO FULFILL THE WORK PLAN WITH FCEDA BY FOCUSING ON ENVIRONMENTAL CLEANUP OF CHS ACQUIRED PROPERTY AND SALE OF REMAINING GLACIER RAIL PARK PROPERTY. CLEAN UP BEGAN AND WILL BE COMPLETED BY 2Q 2021 ON BOTH CHS PROPERTIES. BOTH LOCATIONS HAVE INTERESTED PARTIES WILLING TO PURCHASE ONCE CLEANUP IS COMPLETE. THE REMAINING RAIL-SERVED PROPERTY (APPROXIMATELY 9.49 ACRES) IS UNDER CONTRACT TO SELL IN 2021 AS WELL. 1ST HALF OF 2021 WILL SEE THE CLOSING OF CONTRACTED SALES AGREEMENTS ON AVAILABLE LAND, PAYOFF OF THE REMAINING MORTGAGE BALANCE TO CHS OWED BY FCEDA AND NEW STRATEGIC DEVELOPMENTS FOCUSED THROUGHOUT FLATHEAD COUNTY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 DRAFT IS PROVIDED TO THE EXECUTIVE COMMITTEE PRIOR TO FILING FOR REVIEW. THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 IN DEPTH PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS ARE REQUIRED ANNUALLY TO DISCLOSE ANY KNOW CONFLICT OF INTEREST IN WRITING AND TO IMMEDIATELY DISCLOSE ANY POTENTIAL CONFLICT WHEN IT ARRIVES. THE MEMBER WITH THE CONFLICT IS THEN EXCUSED FROM PARTICIPATING IN THE DISCUSSIONS OR DECISIONS REGARDING THE SUBJECT THAT CREATED THE CONFLICT. STAFF DISCUSSES POTENTIAL CONFLICTS OF INTEREST WITH THE DIRECTOR OR RELATED PARTY AND THE EXECUTIVE COMMITTEE. STAFF REQUESTS THE CONFLICT BE DISCLOSED IN A CONFLICT OF INTEREST FORM. STAFF OR BOARD OFFICER REPORTS THE POTENTIAL CONFLICT WITH THE GOVERNING BODY DURING A MONTHLY MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE ANNUALLY EVALUATES THE EXECUTIVE DIRECTOR. WAGES ARE BASED ON PERFORMANCE AND COMPENSATION PAID BY OTHER ECONOMIC DEVELOPMENT ENTITIES WITHIN MONTANA. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, POLICIES, 990 FORMS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE AGENCY'S OFFICES. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS FROM PRIOR YEARS IN REGARDS TO THE INDEPENDENT AUDIT. |
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