Gallatin Development Corporation DBA Prospera logo

Gallatin Development Corporation DBA Prospera

501(c)(4) organization Bozeman, MT EIN: 81-0435350 Website

To advance and inspire diverse economies and resilient communities in southwest Montana.

Key facts about Gallatin Development Corporation DBA Prospera

In short: Gallatin Development Corporation DBA Prospera reported $78K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.

EIN
81-0435350
Latest 990 filing
Form 990, 2024
Grants paid (2024)
$77,643 — reported as a total on the IRS filing, without an itemized list
Total assets
$13,325,816
Next open deadline
December 31, 2026 (56Strong Women's Mentorship Program)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$13.3M

+14.3% YoY

Grants Paid (reported total)

$78K

+20.6% YoY

Revenue

$1.6M

+8.5% YoY

Net Investment Income

$383K

+3.6% YoY

How Gallatin Development Corporation DBA Prospera gives

  • Giving grew 562% from 2020 to 2023. Method

From the foundation's IRS Form 990 filings. Methodology.

About Gallatin Development Corporation DBA Prospera

Based on IRS filings

Gallatin Development Corporation DBA Prospera is a public charity, based in Bozeman, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.3M in total assets. In 2024, it reported $78K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $383K.

Open Grants

4 open opportunities from Gallatin Development Corporation DBA Prospera

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BozemanHamiltonBillingsDenverLewistown

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K1 grant2020 5 grants2021 3 grants2022 3 grants2023 Total only2024

From 2020 to 2024, annual grant giving ranged from $10K (2020) to $78K (2024). In 2024 it reported $78K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$13,325,816$11,661,293$9,145,103
Revenue$1,620,490$1,492,955$1,450,415
Expenses$1,424,456$1,308,234$1,466,860
Net Investment Income$383,218$369,871$132,750

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 8, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS October 19, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS July 25, 2023)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS October 21, 2025)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Gallatin Development Corporation DBA Prospera is led by Paul Reichert, Executive Director on every filing since 2020; 2 of 17 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Paul Reichert

    Executive Director

    On filings since 2020

    40 hrs/week

    $86K (2020) → $120K (2024)

  • Jason Johnson

    President

    Secretary → President Elect, 2023

    President Elect → President, 2024

    On filings since 2020

    1.5 hrs/week

    No compensation reported

  • Carolyn Murray

    Finance Director

    On filings since 2020

    40 hrs/week

    $71K (2020) → $102K (2024)

  • Marley McKenna

    Director

    President → Past President, 2023

    Past President → Director, 2024

    On filings since 2020

    1 hr/week

    No compensation reported

  • Scott Sehnert

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Stephanie Gray

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Bryan Robertus

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Colee Wingo

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Anna Johnson

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Carey Leep

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Daniel Juliano

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Emmett Hasler

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Valerie Edwards

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Sky Cook

    Past President

    President Elect → President, 2023

    President → Past President, 2024

    On filings since 2020

    1.5 hrs/week

    No compensation reported

  • Amy McNulty

    President Elect

    Director → Treasurer, 2023

    Treasurer → President Elect, 2024

    On filings since 2021

    1.5 hrs/week

    No compensation reported

  • Matt Szczepanski

    Secretary

    Director → Secretary, 2023

    On filings since 2021

    1.5 hrs/week

    No compensation reported

  • Jon Ayres

    Treasurer

    Director → Treasurer, 2024

    On filings since 2023

    1.5 hrs/week

    No compensation reported

Former officers (11)
  • Former: Bert Bartle (2020–2022) — Treasurer
  • Former: Brit Fontenot (2020–2022) — Director
  • Former: Callan Nagy (2020–2022) — Past-President
  • Former: Heather Bellamy (2020–2022) — Director
  • Former: Samantha Kimmet (2020–2022) — Director
  • Former: Mark Ranalli (2021–2022) — Director
  • Former: Jim Ness (2020–2021) — Treasurer
  • Former: Kelly Bresnahan (2020–2021) — Director
  • Former: Cory Hollern (2020) — Director
  • Former: Stacie Bruon (2020) — Director
  • Former: Stacy Gray (2020) — Director

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Paul Reichert — Executive Dir: $120KPaul ReichertExecutive Dir$120KCarolyn Murray — Finance Dir: $102KCarolyn MurrayFinance Dir$102K

The highest reported compensation on the 2024 filing was $120K, to Paul Reichert (Executive Dir). 2 officers or directors reported compensation on that filing.

Frequently asked questions about Gallatin Development Corporation DBA Prospera

How much does Gallatin Development Corporation DBA Prospera give each year?

Gallatin Development Corporation DBA Prospera reported $78K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it gave $64K across 3 grants.

How large is Gallatin Development Corporation DBA Prospera?

Gallatin Development Corporation DBA Prospera reported $13.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.6M.

Where does Gallatin Development Corporation DBA Prospera operate?

Gallatin Development Corporation DBA Prospera has awarded grants in Colorado, Montana.

What is Gallatin Development Corporation DBA Prospera's EIN?

Gallatin Development Corporation DBA Prospera's EIN (Employer Identification Number) is 81-0435350. IRS Form 990 filing data is available on this page for 2020–2024.

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

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