Big Sky Economic Development Corporation logo

Big Sky Economic Development Corporation

Public charity · Grantmaker Billings, MT EIN: 22-3880639 Website

To promote, stimulate, and advance the general welfare and economic development for Billings, Yellowstone county, and the state of Montana.

Key facts about Big Sky Economic Development Corporation

EIN
22-3880639
Latest 990 filing
Form 990, 2025
Total assets
$6,047,605

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$6.0M

+16.2% YoY

Revenue

$2.4M

-26.0% YoY

Net Investment Income

$182K

+47.8% YoY

Expenses

$1.6M

+1.4% YoY

About Big Sky Economic Development Corporation

Based on IRS filings

Big Sky Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Billings, MT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.0M in total assets. Net investment income was $182K.

Open Grants

3 open opportunities from Big Sky Economic Development Corporation

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Billings

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants2020 0 grants2021 1 grant2022 1 grant2023 0 grants2024 0 grants2025

From 2022 to 2023, annual grant giving ranged from $93K (2023) to $532K (2022). In 2023 it made 1 grant totaling $93K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

<$50K1$50–100K$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$6,047,605$5,205,774$3,741,252
Revenue$2,357,871$3,187,457$2,056,608
Expenses$1,587,112$1,565,004$1,489,314
Net Investment Income$181,904$123,093$64,465

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS April 3, 2023)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
  3. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Big Sky Economic Development Corporation is led by Steve Arveschoug, Executive Director on every filing since 2020; none of the 23 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Steve Arveschoug

    Executive Director

    On filings since 2020

    40 hrs/week

    No compensation reported

  • Nick Pancheau

    Chair

    Secretary & Treasurer → Vice Chair, 2024

    Vice Chair → Chair, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Bob Wilmouth

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Dave Ballard

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kim Jakub

    Director

    Chair → Immediate Past Chair, 2024

    Immediate Past Chair → Director, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Michael Phillips

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Spencer Frederick

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mike Marsh

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Dj Clark

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Keagan Harsha

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Molly Schwend

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Nicole Mehling

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Tyler Wiltgen

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • George Warmer

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Judi Powers

    Director

    Member at Large → Director, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

  • Matt Robertson

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Cole Derks

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Jerry Simonson

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Mark Morse

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Andy Gott

    Immediate Past Chair

    Vice Chair → Chair, 2024

    Chair → Immediate Past Chair, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jennifer Kobza

    Vice Chair

    Member at Large → Secretary & Treasurer, 2024

    Secretary & Treasurer → Vice Chair, 2025

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jennifer Weaver Kondracki

    Secretary & Treasurer

    Director → Secretary & Treasurer, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Stefani Hicswa

    Member at Large

    Director → Member at Large, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (20)
  • Former: Mac Fogelsong (2020–2024) — Director
  • Former: Mike Seppala (2020–2024) — Director
  • Former: John Ostlund (2023–2024) — Director
  • Former: Ann Kosempa (2020–2023) — Immediate Past Chair
  • Former: Craig Bartholomew (2020–2023) — Director
  • Former: Mike Nelson (2020–2023) — Director
  • Former: Denis Pitman (2020–2022) — Director
  • Former: Nicole Benge (2020–2022) — Director
  • Former: Brad Hamilton (2021–2022) — Director
  • Former: Justin Martin (2022) — Director
  • Former: Mary Albers (2022) — Director
  • Former: Aaron Ramage (2020–2021) — Director
  • Former: Eric Simonsen (2020–2021) — Director
  • Former: Jon Stepanek (2020–2021) — Director
  • Former: Mitch Goplen (2020–2021) — Director
  • Former: Scott Chesarek (2020–2021) — Director
  • Former: Dan Edelman (2020) — Director
  • Former: David Ellis (2020) — Director
  • Former: Doug Hansen (2020) — Director
  • Former: Steve Loveless (2020) — Vice Chair

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Big Sky Economic Development Corporation

How large is Big Sky Economic Development Corporation?

Big Sky Economic Development Corporation reported $6.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.4M.

What is Big Sky Economic Development Corporation?

Big Sky Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Billings, MT. It holds $6.0M in total assets as of 2025.

Where does Big Sky Economic Development Corporation operate?

Big Sky Economic Development Corporation has awarded grants in Montana.

What is Big Sky Economic Development Corporation's EIN?

Big Sky Economic Development Corporation's EIN (Employer Identification Number) is 22-3880639. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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