Missoula Economic Partnership
- Assets
- $522.8k
- Revenue
- $654.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Missoula, MT
- Founding
- 02/2012
- Data as of
- 06/2022
- 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 06/2022, Missoula Economic Partnership employed 6 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 06/2022, Missoula Economic Partnership generated $654.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
2022
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 DEVELOPMENT PROGRAM:THE MISSOULA ECONOMIC PARTNERSHIP'S (MEP) BUSINESS DEVELOPMENT PROGRAM SERVES ALL STAGES OF BUSINESS THROUGH DIRECT SERVICES AND COOPERATION WITH KEY PARTNERS. OUR TEAM ALSO WORKS STRATEGICALLY TO IDENTIFY AND RECRUIT BUSINESSES THAT BEST FIT OUR REGIONAL STRENGTHS AND HAVE THE STRONGEST POTENTIAL TO SUCCEED IN MISSOULA. HIGH VALUE MANUFACTURING IS ONE OF THE SECTORS MEP PRIORITIZES. IN A TIGHT LABOR MARKET, JOB GROWTH IN THIS SECTOR CAN HAVE THE BIGGEST POSITIVE IMPACT ON EARNINGS AMONG LOCAL RESIDENTS. HIGH VALUE MANUFACTURING HAS ADDED THREE TIMES MORE JOBS THAN THE AVERAGE AMONG ALL SECTORS COUNTYWIDE, FAR OUTPACING NATIONAL TRENDS. MEP HELPED SEVERAL OF THESE BUSINESSES PLAN FOR EXPANSION INCLUDING PARADISE DENTAL TECHNOLOGIES, FELCO INDUSTRIES, AND DIVERSIFIED PLASTICS THROUGH THE BIG SKY ECONOMIC DEVELOP TRUST FUND GRANT PROGRAM, WITH AWARDS TOTALING $75,000. MEP CONDUCTED 33 BUSINESS RETENTION AND EXPANSION MEETINGS WITH LOCAL COMPANIES.
BIG SKY BUSINESS INSIGHT SUMMIT (BIG SKY BIS): IN FISCAL YEAR 2022, MEP HOSTED THE 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. FOR THE FIRST TIME, THE EVENT WAS HELD IN-PERSON AT THE UNIVERSITY OF MONTANA IN THE ALI AUDITORIUM. THE 2022 SUMMIT ADDRESSED HOUSING AND CHILDCARE AS SPECIFIC CHALLENGES TO CULTIVATING AND SUSTAINING A HEALTHY WORKFORCE. LOCAL AND REGIONAL EXPERTS WEIGHED IN ON HOW THESE CHALLENGES IMPACT THE AVAILABILITY OF SKILLED LABOR AND EXPLORED WAYS TO RESPOND THROUGH INNOVATION AND COLLABORATION.
TALENT DEVELOPMENT PROGRAM: MEP SEEKS TO ENABLE EVERY PERSON TO PUT THEIR SKILLS TO WORK IN OUR COMMUNITY. WE SEEK TO ENSURE OUR BUSINESSES HAVE ACCESS TO THE TALENT THEY NEED TO GROW IN MISSOULA. MEP'S TALENT DEVELOPMENT PROGRAM BRINGS TOGETHER STAKEHOLDERS FROM THE PRIVATE SECTOR, EDUCATIONAL INSTITUTIONS AND PEER ORGANIZATIONS TO EXPAND CAREER PATHWAYS, INCUMBENT WORKER TRAINING, TALENT RETENTION, AND TALENT ATTRACTION. MEP HOSTED VIRTUAL WORKSHOPS FOR EMPLOYERS AND LOCAL STUDENTS/JOB SEEKERS ON HOW TO RECRUIT WITH THE UNIVERSITY OF MONTANA AND MISSOULA COLLEGE, AND JOB OPPORTUNITIES IN THE FAST-GROWING BIOSCIENCE INDUSTRY.
LAND DEVELOPMENT PROGRAM: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. MEP RESPONDED TO MORE THAN 3 INITIAL INQUIRIES FROM BUSINESSES CONSIDERING RELOCATION AND MEP CONTINUES TO WORK WITH SEVERAL BUSINESSES WITH CONTINUED INTEREST.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Williams Chair | OfficerTrustee | 1 | $0 |
Jack Lawson Secretary | OfficerTrustee | 1 | $0 |
Scott Burke Treasurer | OfficerTrustee | 1 | $0 |
Debbie Johnston Past Chair | Trustee | 1 | $0 |
John Engen Director At-Large | Trustee | 1 | $0 |
Dave Strohmaier Director At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,231 |
| Total Program Service Revenue | $294,238 |
| 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 | $654,163 |
| 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. | $160,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,633 |
| Pension plan accruals and contributions | $21,346 |
| Other employee benefits | $36,898 |
| Payroll taxes | $38,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,894 |
| Fees for services: Accounting | $26,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,668 |
| Advertising and promotion | $3,499 |
| Office expenses | $2,122 |
| Information technology | $8,363 |
| Royalties | $0 |
| Occupancy | $58,788 |
| Travel | $3,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,898 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,529 |
| Insurance | $6,503 |
| All other expenses | $9,802 |
| Total functional expenses | $1,078,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,577 |
| Savings and temporary cash investments | $10,005 |
| Pledges and grants receivable | $380,511 |
| Accounts receivable, net | $15,978 |
| 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 | $884 |
| Net Land, buildings, and equipment | $19,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,100 |
| Total assets | $522,776 |
| Accounts payable and accrued expenses | $65,928 |
| 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 | $65,928 |
| Net assets without donor restrictions | $76,337 |
| Net assets with donor restrictions | $380,511 |
| 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 | $522,776 |