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      <Form990PartVIISectionA>
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      <Form990PartVIISectionA>
        <NamePerson>CHRIS MEHUS</NamePerson>
        <Title>EXECUTIVE DIRECTOR</Title>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
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      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
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      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
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      <CompensationFromOtherSources>0</CompensationFromOtherSources>
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      <MembershipDues>13875</MembershipDues>
      <GovernmentGrants>613911</GovernmentGrants>
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      <ProgramServiceRevenue>
        <Description>INTEREST INCOME</Description>
        <BusinessCode>900099</BusinessCode>
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      <OtherRevenueMisc>
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        <ExclusionAmount>0</ExclusionAmount>
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        <ProgramServices>5362</ProgramServices>
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        <ManagementAndGeneral>19731</ManagementAndGeneral>
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        <ManagementAndGeneral>4901</ManagementAndGeneral>
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        <ManagementAndGeneral>7360</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>PROVISION FOR BAD DEBTS</Description>
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        <ProgramServices>207260</ProgramServices>
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      <OtherExpenses>
        <Description>SUPPLIES</Description>
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        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>9538</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>REPAIRS</Description>
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      <AllOtherExpenses>
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        <ManagementAndGeneral>7574</ManagementAndGeneral>
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      <TotalFunctionalExpenses>
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        <ManagementAndGeneral>81755</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
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        <EOY>158353</EOY>
      </CashNonInterestBearing>
      <AccountsReceivable>
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        <EOY>27691</EOY>
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      <OtherNotesLoansReceivableNet>
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        <EOY>916779</EOY>
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      <PrepaidExpensesDeferredCharges>
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        <EOY>1717</EOY>
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      <LandBuildingsEquipmentBasis>25118</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>17257</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
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        <EOY>7861</EOY>
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      <OtherAssetsTotal>
        <BOY>784332</BOY>
        <EOY>1072022</EOY>
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      <TotalAssets>
        <BOY>2300731</BOY>
        <EOY>2184423</EOY>
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      <AccountsPayableAccruedExpenses>
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        <EOY>115609</EOY>
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      <MortNotesPyblSecuredInvestProp>
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        <EOY>839124</EOY>
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      <TotalLiabilities>
        <BOY>998171</BOY>
        <EOY>954733</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>27036</BOY>
        <EOY>79925</EOY>
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      <TemporarilyRestrictedNetAssets>
        <BOY>1275524</BOY>
        <EOY>1149765</EOY>
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      <TotalNetAssetsFundBalances>
        <BOY>1302560</BOY>
        <EOY>1229690</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>2300731</BOY>
        <EOY>2184423</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-72870</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>935881</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>471690</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>728582</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>652897</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>627786</CurrentTaxYear>
        <Total>3416836</Total>
      </GiftsGrantsContribReceived170>
      <ValueSrvcFcltsFurnishedByGovt>
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        <CurrentTaxYearMinus3Years>127994</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>143315</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>85547</CurrentTaxYearMinus1Year>
        <Total>498719</Total>
      </ValueSrvcFcltsFurnishedByGovt>
      <Total170>
        <CurrentTaxYearMinus4Years>1077744</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>599684</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>871897</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>738444</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>627786</CurrentTaxYear>
        <Total>3915555</Total>
      </Total170>
      <PublicSupportTotal170>3915555</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>14727</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>9303</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>11221</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>114311</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>96155</CurrentTaxYear>
        <Total>245717</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>9300</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2610</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1095</CurrentTaxYearMinus2Years>
        <Total>13005</Total>
      </OtherIncome170>
      <TotalSupport>4174277</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>836311</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.93800</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.94980</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
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        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <OtherExpenditures>2659</OtherExpenditures>
        <AdministrativeExpenses>315</AdministrativeExpenses>
        <EndOfYearBalance>66306</EndOfYearBalance>
      </CurrentYear>
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      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Equipment>
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        <Depreciation>17257</Depreciation>
        <BookValue>7861</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>7861</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>REVOLVING LOAN FUND</Description>
        <BookValue>1004553</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>ACCRUED INTEREST RECEIVABLE</Description>
        <BookValue>67469</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>1072022</TotalBookValueOtherAssets>
      <TotRevenueEtcAuditedFinclStmt>743313</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>743313</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>743313</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>816183</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>816183</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>816183</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE 990 IS REVIEWED BY THE OFFICE MANAGER, THEN APPROVED AND SIGNED BY THE CHAIRMAN</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS PART OF THE SEMI-ANNUAL REVIEW PROCESS. EVERY 6 MONTHS EMPLOYEES ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>COMPENSATION IS DETERMINED BY THE VOLUNTEER EXECUTIVE COMMITTEE WITH SUPPORTING DOCUMENTATION PROVIDED BY THE PEER STRUCTURE OF THE MONTANA ECONOMIC DEVELOPMENT ASSOCIATION AND OTHER RELATED CAREERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>ALL INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>