Montana Chamber Foundation
- Assets
- $655.6k
- Revenue
- $193.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 03/1970
- Data as of
- 09/2021
- EIN
- 23-7059679
Organization Overview
Montana Chamber Foundation is located in Helena, MT. The organization was established in 1970. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Montana Chamber Foundation generated $193.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $244.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROMOTES AND IMPROVES THE ECONOMIC DEVELOPMENT OPPORTUNITIES OF THE STATE AND ITS COMMUNITIES BY PARTICIPATING IN EDUCATION PROJECTS AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVISION 2026 WAS IMPLEMENTED IN 2016 AS A 10-YEAR STRATEGIC PLAN FOCUSED ON THE SUSTAINED ECONOMIC GROWTH FOR MONTANA. TO MEET ITS FOUR GOALS BY 2026, THE MONTANA CHAMBER WILL WORK IN THE FOLLOWING FOUR KEY AREAS TO DRIVE PER CAPITA PERSONAL INCOME LEVELS AND GROWTH, GROSS STATE PRODUCT GROWTH, AND JOB GROWTH: WORKFORCE; ENTREPRENEURSHIP; BUSINESS CLIMATE; AND INFRASTRUCTURE.
TYPICALLY, THE FOUNDATION HOSTS A SUMMIT (TECH, AGRICULTURE, ENERGY) IN COLLABORATION WITH SENATOR DAINES. DUE TO COVID, ALL IN-PERSON EVENTS WERE PUT ON HOLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd O'hair Executive Director | OfficerTrustee | 26 | $0 |
Laurence Hubbard Chair | OfficerTrustee | 1 | $0 |
Angela Murdo Vice Chair | OfficerTrustee | 1 | $0 |
Jessie Luther Immediate Past Chair | Trustee | 1 | $0 |
Chad Bauer Director | Trustee | 1 | $0 |
Ed Bartlett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,444 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,609 |
| Total Program Service Revenue | $580 |
| Investment income | $1,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$63,194 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,650 |
| Grants and other assistance to domestic individuals. | $2,274 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,358 |
| Fees for services: Accounting | $14,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,800 |
| Advertising and promotion | $43,341 |
| Office expenses | $8,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,070 |
| All other expenses | $0 |
| Total functional expenses | $244,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $632,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,978 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $655,624 |
| Accounts payable and accrued expenses | $12,401 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,401 |
| Net assets without donor restrictions | $642,973 |
| Net assets with donor restrictions | $250 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $655,624 |
Grants Awarded
Over the last fiscal year, Montana Chamber Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA INFRASTRUCTURE COALITION PURPOSE: SPONSORSHIP | $5,000 |
Bozeman, MT PURPOSE: SPONSORSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Chamber Foundation has recieved totaling $6,625.
| Awarding Organization | Amount |
|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT PURPOSE: SPONSORSHIPS OF BUSINESS DAY, GOVERNORS CUP, TRADESHOW | $6,625 |
Endowment Analysis
| Beg. Balance | $250 |
| Ending Balance | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |
Clear Global Inc Garden City, ID | $1,164,863 | $4,482,626 |
Bair Ranch Foundation Billings, MT | $61,742,372 | $8,939,986 |
Tomorrows Hope Inc Meridian, ID | $1,190,251 | $4,513,856 |
Farmers Educational & Cooperative Union Of America North Dakota Div Jamestown, ND | $92,870,322 | $4,688,383 |
Manhattan Christian School Manhattan, MT | $7,516,310 | $3,166,523 |
Valley Christian School Missoula, MT | $1,321,751 | $3,128,317 |
Prairie Learning Center Inc Raleigh, ND | $1,031,504 | $3,066,433 |
Foothills School Of Art & Sciences Boise, ID | $5,851,372 | $2,932,578 |