Gallatin Development Corporation DBA Prospera
To advance and inspire diverse economies and resilient communities in southwest Montana.
Gallatin Development Corporation DBA Prospera at a glance
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.
- Grants paid (2024)
- $77,643 — reported as a total on the IRS filing, without an itemized list
- +20.6% vs 2023
- Total assets
- $13,325,816
- +14.3% vs 2023
- Revenue (2024)
- $1,620,490
- +8.5% vs 2023
- Net investment income (2024)
- $383,218
- +3.6% vs 2023
- Expenses (2024)
- $1,424,456
- +8.9% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Gallatin Development Corporation DBA Prospera
- Next open deadline
- December 31, 2026 (56Strong Women's Mentorship Program)
Open Grants
4 open opportunities from Gallatin Development Corporation DBA Prospera
56Strong Women's Mentorship Program
Gallatin Development Corporation DBA Prospera
Amount
Varies
Deadline
Expected ~December
Based on past cycles
Link Up Business Accelerator for Women
Gallatin Development Corporation DBA Prospera
Amount
Varies
Deadline
Deadline not published
Prospera Loan Program
Gallatin Development Corporation DBA Prospera
Amount
Up to $400,000
Deadline
Rolling (quarterly review)
Who Gallatin Development Corporation DBA Prospera funds
How this funder distributes its grants
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Gallatin Development Corporation DBA Prospera gives
- Giving grew 562% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montana Photonics Industry Lewistown, MT | Economic Development | $36,150 |
| Optimalabs Inc Bozeman, MT | Economic Development | $18,853 |
| Big Sky EDA Billings, MT | Economic Development | $9,400 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $13,325,816 | $1,620,490 | $1,424,456 | $77,643 | Total only | $383,218 |
| 2023 | $11,661,293 | $1,492,955 | $1,308,234 | $64,403 | 3 | $369,871 |
| 2022 | $9,145,103 | $1,450,415 | $1,466,860 | $50,062 | 3 | $132,750 |
| 2021 | $4,838,186 | $1,633,170 | $1,293,115 | $72,275 | 5 | $107,578 |
| 2020 | $3,426,821 | $1,112,507 | $902,793 | $9,728 | 1 | $108,716 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
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.
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
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.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 19, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 25, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 21, 2025)
- IRS filings on file for fiscal years 2020–2024
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