Missoula Economic Partnership
- Assets
- $1.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Missoula, MT
- Founding
- 02/2012
- Data as of
- 06/2021
- EIN
- 27-3994460
Organization Overview
Missoula Economic Partnership is located in Missoula, MT. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Missoula Economic Partnership employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missoula Economic Partnership is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Missoula Economic Partnership generated $1.1m 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 (8.9%) each year. All expenses for the organization totaled $818.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) 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
SUPPORTING SUSTAINABLE BUSINESS GROWTH AND QUALITY JOB CREATION THROUGHOUT MISSOULA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS RETENTION AND EXPANSION PROGRAM: THE MISSOULA ECONOMIC PARTNERSHIP'S (MEP) BUSINESS RETENTION AND EXPANSION PROGRAM SUPPORTS MISSOULA'S EXISTING BUSINESSES IN SUCCESSFULLY ADDING JOBS THAT PAY ABOVE THE CURRENT MEDIAN WAGE. MEP MET WITH 47 AREA BUSINESSES TO IDENTIFY WAYS TO SUPPORT THEIR GROWTH. IN PARTNERSHIP WITH MISSOULA COUNTY, MEP ADMINISTERED THE BIG SKY ECONOMIC DEVELOPMENT TRUST FUND JOB CREATION GRANT PROGRAM TO ASSIST COMPANIES WITH THE DEVELOPMENT OF HIGH WAGE JOBS. IN FISCAL YEAR 2021, MEP SECURED $506,000 IN GRANTS TO SUPPORT 100 JOBS CREATED AT FIVE MISSOULA COMPANIES AND $155,650 IN PLANNING GRANTS TO SUPPORT SIX LOCAL PLANNING AND ECONOMIC DEVELOPMENT EFFORTS.
BUSINESS ATTRACTION PROGRAM: MEP WORKS WITH KEY STRATEGIC PARTNERS TO ATTRACT NEW BUSINESSES TO MISSOULA. BUSINESS ATTRACTION SUCCESSES BENEFIT NOT ONLY THE EMPLOYEES WHO SECURE HIGH-WAGE JOBS, BUT ALL OF MISSOULA. HIGHER WAGES FOR MISSOULA'S WORKFORCE MEAN MORE EXPENDABLE INCOME AND AN INCREASE IN CAPITAL SPENDING AT MISSOULA BUSINESSES. MEP RESPONDED TO MORE THAN 7 INITIAL INQUIRIES FROM BUSINESSES CONSIDERING RELOCATION AND MEP CONTINUES TO WORK WITH SEVERAL BUSINESSES WITH CONTINUED INTEREST.
BIOSCIENCE CLUSTER TALENT DEVELOPMENT: MEP LEADS THE MONTANA BIOSCIENCE CLUSTER INITIATIVE TALENT DEVELOPMENT EFFORTS. THE PROGRAM IS COMPRISED OF STAKEHOLDERS FROM THE PRIVATE SECTOR, UNIVERSITY OF MONTANA, MISSOULA ECONOMIC PARTNERSHIP, TRADE ASSOCIATIONS, AND OTHERS TO PROVIDE TECHNICAL ASSISTANCE SUPPORT, TRAINING, AND MENTORING TO NEW AND ESTABLISHED BIOSCIENCE BUSINESSES, ENTREPRENEURS, AND STUDENTS. IN FISCAL YEAR 2021, THE CLUSTER INITIATIVE WAS AWARDED AN ADDITIONAL YEAR OF FUNDING FROM THE SMALL BUSINESS ADMINISTRATION. MEP COMMISSIONED AND HELPED CONDUCT A WORKFORCE STUDY FOR MISSOULA COUNTY, WHICH PROVIDED DETAILED INFORMATION ON KEY TRENDS AND OPPORTUNITIES RELATED TO WORKFORCE AND ITS OVERALL IMPACT ON OUR ECONOMY.
REAL ESTATE AND COMMERCIAL DEVELOPMENT: AS A STRATEGIC INITIATIVE, MISSOULA ECONOMIC PARTNERSHIP WORKS TO MAXIMIZE THE POTENTIAL OF MISSOULA'S COMMERCIAL REAL ESTATE ASSETS AND DEVELOPMENT OPPORTUNITIES BY ENGAGING DIFFERENT SECTORS, STAKEHOLDERS, AND THE PUBLIC TO LEVERAGE COLLECTIVE ASSETS AND ALIGN COLLECTIVE DECISIONS COVID-19 RESPONSE: MEP CONTINUED TO LEAD THE MISSOULA COUNTY ECONOMIC RECOVERY TASK FORCE WHICH PULLED TOGETHER MEMBERS FROM PUBLIC, PRIVATE, AND NON-GOVERNMENTAL SECTORS TO QUICKLY RESPOND TO THE ECONOMIC CHALLENGES PRESENTED BY THE COVID-19 PANDEMIC. BIG SKY BUSINESS INSIGHT SUMMIT (BIG SKY BIS): IN FISCAL YEAR 2021, MEP HOSTED THE FIRST ANNUAL BIG SKY BIS, A MULTI-DAY CONFERENCE THAT CONVENES CROSS-SECTOR LEADERS TO DEFINE BIG PROBLEMS, IDENTIFY MONTANA'S STRENGTHS TO ADDRESS THEM, AND PROVIDE INSIGHTS ON HOW SOLUTIONS CAN GROW HIGHER PAYING JOBS, STRENGTHEN OUR STATEWIDE ECONOMY, AND IMPROVE OUR OVERALL QUALITY OF LIFE. HELD VIRTUALLY, THIS EVENT LOOKED AT THE CHALLENGES PRESENTED BY COVID-19 AND MONTANA'S OPPORTUNITIES TO SOLVE THEM AND GROW STRONGER IN THE PROCESS AND FEATURED DISTINGUISHED LEADERS IN THE FIELDS OF BIOSCIENCE, HEALTH, AND TECHNOLOGY. COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY: MEP CONVENED A STEERING COMMITTEE AND MULTIPLE FOCUS GROUPS TO DEVELOP A STRATEGIC DOCUMENT THAT WILL GUIDE ECONOMIC DEVELOPMENT IN MISSOULA COUNTY OVER THE NEXT FIVE YEARS. A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) IS A MEASURABLE AND ACTIONABLE PLAN DEVELOPED BY A DIVERSE WORKGROUP OF LOCAL REPRESENTATIVES FROM PRIVATE, PUBLIC, AND NONPROFIT SECTORS TO IDENTIFY REGIONAL PRIORITIES FOR ECONOMIC AND COMMUNITY DEVELOPMENT. THIS PROCESS INVOLVED A HIGH LEVEL OF PLANNING AROUND STEERING COMMITTEE AND FOCUS GROUP MEETINGS TO MAXIMIZE PARTICIPANT TIME AND ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Kier President & CEO | Officer | 40 | $136,136 |
Debbie Johnston Chair | OfficerTrustee | 1 | $0 |
Annelise Hedahl Treasurer | OfficerTrustee | 1 | $0 |
Jason Williams Vice Chair | OfficerTrustee | 1 | $0 |
Jack Lawson Secretary | OfficerTrustee | 1 | $0 |
John Engen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $584,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,873 |
| Total Program Service Revenue | $437,991 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,944 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,601 |
| Pension plan accruals and contributions | $19,670 |
| Other employee benefits | $33,676 |
| Payroll taxes | $36,609 |
| Fees for services: Management | $34,507 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,679 |
| Advertising and promotion | $8,064 |
| Office expenses | $3,569 |
| Information technology | $6,000 |
| Royalties | $0 |
| Occupancy | $57,155 |
| Travel | $3,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,693 |
| Insurance | $5,776 |
| All other expenses | $2,305 |
| Total functional expenses | $818,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,011 |
| Savings and temporary cash investments | $10,003 |
| Pledges and grants receivable | $552,963 |
| Accounts receivable, net | $37,149 |
| 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 | $6,789 |
| Net Land, buildings, and equipment | $37,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,100 |
| Total assets | $1,026,718 |
| Accounts payable and accrued expenses | $55,021 |
| 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 | $90,073 |
| Total liabilities | $145,094 |
| Net assets without donor restrictions | $241,394 |
| Net assets with donor restrictions | $640,230 |
| 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 | $1,026,718 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Missoula Economic Partnership has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Run Wild Missoula Inc Missoula, MT PURPOSE: DONATION FOR TAKE FLIGHT MISSOULA TO ENCOURAGE ADDITIONAL AIR ROUTES TO MISSOULA TO PROVIDE ADDITIONAL SEATS AND REDUCED FARES FOR RUNNERS LOOKING TO COME TO THE MISSOULA MARATHON. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
Lignite Energy Council Bismarck, ND | $4,866,875 | $4,452,905 |
National Association Of Tower Erectors Watertown, SD | $8,490,002 | $4,294,406 |
Cheyenne Leads Cheyenne, WY | $28,201,578 | $5,161,104 |
The Chamber Fargo Moorhead West Fargo Fargo, ND | $4,165,478 | $3,579,587 |
North Dakota Petroleum Council Inc Bismarck, ND | $7,053,440 | $4,010,483 |
Visit Rapid City Rapid City, SD | $2,991,953 | $3,408,774 |
Billings Chamber Of Commerce Billings, MT | $1,283,550 | $2,461,660 |
Sun Valley Marketing Alliance Inc Ketchum, ID | $1,577,529 | $2,909,558 |
Minot Chamber Of Commerce Minot, ND | $9,669,464 | $3,024,271 |