Montana Business Assistance Connection Inc
- Assets
- $14.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Helena, MT
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 36-3693967
Organization Overview
Montana Business Assistance Connection Inc is located in Helena, MT. The organization was established in 1990. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Montana Business Assistance Connection Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Business Assistance Connection Inc 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 12/2023, Montana Business Assistance Connection Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Montana Business Assistance Connection Inc has awarded 23 individual grants totaling $495,103. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE RETENTION AND CREATION OF JOBS IN THE TRI-COUNTY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ONE-TO-ONE COUNSELING FOR NEW AND EXISTING BUSINESSES, PROVIDES INVESTMENT AND INCENTIVE CAPITAL, COLLECTS AND MAINTAINS DATABASES OF DEMOGRAPHIC, SOCIO-ECONOMIC, AND PROPERTY/FACILITY INFORMATION ABOUT THE SERVICE AREA, AND ASSISTS LOCAL GOVERNMENTS AND COMMUNITY DEVELOPMENT ORGANIZATIONS TO CREATE AND MAINTAIN HUMAN, ORGANIZATION, AND PHYSICAL INFRASTRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vickie Rauser President | OfficerTrustee | 1 | $0 |
Klint Fisher Past President | OfficerTrustee | 1 | $0 |
Dustin Stewart Vice President | OfficerTrustee | 1 | $0 |
Jenny Taylor Treasurer | OfficerTrustee | 1 | $0 |
Andy Shirtliff Secretary | OfficerTrustee | 1 | $0 |
Kali Wicks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $985,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $994,758 |
| Total Program Service Revenue | $680,567 |
| Investment income | $4,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,088 |
| 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 | $1,733,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,151 |
| 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. | $105,041 |
| Compensation of current officers, directors, key employees. | $19,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,123 |
| Pension plan accruals and contributions | $11,523 |
| Other employee benefits | $61,640 |
| Payroll taxes | $41,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,958 |
| Fees for services: Accounting | $14,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,253 |
| Advertising and promotion | $10,194 |
| Office expenses | $15,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,599 |
| Travel | $12,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,122 |
| Insurance | $24,705 |
| All other expenses | $6,971 |
| Total functional expenses | $1,208,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,749 |
| Savings and temporary cash investments | $1,243,694 |
| Pledges and grants receivable | $68,229 |
| Accounts receivable, net | $102,512 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,120,710 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,708 |
| Net Land, buildings, and equipment | $183,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,245,101 |
| Accounts payable and accrued expenses | $109,966 |
| 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 | $9,874,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $929 |
| Total liabilities | $9,985,154 |
| Net assets without donor restrictions | $3,685,687 |
| Net assets with donor restrictions | $574,260 |
| 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 | $14,245,101 |
Grants Awarded
Over the last fiscal year, Montana Business Assistance Connection Inc has awarded $127,151 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COPPER PINES LLC PURPOSE: WORKFORCE HOUSING FOR HI COUNTRY SNACK FOODS EMPLOYEES | $37,745 |
MELCHER MANUFACTURING LLC PURPOSE: RE-LOCATION FEASIBILITY STUDY | $9,000 |
LINCOLN VALLEY CHAMBER OF COMMERCE PURPOSE: DOWNTOWN MASTER PLAN FOR THE LINCOLN COMMUNITY | $12,500 |
MOUNTAIN-PACIFIC QUALITY HEALTH FOUNDATION PURPOSE: TELEHEALTH RESEARCH AND FEASIBILITY STUDY TO SUPPORT MPQH'S WORK AND EXPANSION | $3,188 |
THE HELENA SYMPHONY PURPOSE: Feasibility study | $43,363 |
EAST HELENA VALLEY RODEO ASSOCIATION PURPOSE: Re-location and re-use study looking planning and layout of moving existing rodeo grounds to new location | $9,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camelback Ventures Inc Garden City, ID | $17,591,280 | $5,442,890 |
Great Fls Development Authority Inc Great Falls, MT | $32,752,170 | $9,946,706 |
Lakota Fund Kyle, SD | $17,693,947 | $1,806,150 |
Montana Business Assistance Connection Inc Helena, MT | $14,245,101 | $1,733,307 |
Northeast South Dakota Economic Corporation Sisseton, SD | $31,356,241 | $1,331,875 |
Wyoming Womens Business Center Laramie, WY | $812,684 | $738,273 |
East-Central Idaho Development Company Rexburg, ID | $3,332,671 | $702,206 |
First District Development Company Watertown, SD | $3,604,020 | $590,537 |
Early Stage Montana Bozeman, MT | $75,605 | $290,244 |
West River Business Center Inc Dickinson, ND | $77,636 | $0 |