Greater Montgomery County Economic Council is located in Montgomery City, MO. The organization was established in 1990. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Montgomery County Economic Council 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, Greater Montgomery County Economic Council generated $115.1k 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 (5.9%) each year. All expenses for the organization totaled $117.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT AND BUSINESS SUPPORT FOR THE COUNTY OF MONTGOMERY, MISSOURI
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT FOR THE COUNTY OF MONTGOMERY, MO INCLUDING EXISTING BUSINESS SUPPORT, PROMOTING ENTREPRENEURSHIP, COMMUNITY MARKETING, WORKFORCE DEVELOPMENT AND SITE AND INFRASTRUCTURE DEVELOPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brent Speight President | OfficerTrustee | 1 | $0 |
James Krattli Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mike Lichtenberg VP | OfficerTrustee | 1 | $0 |
Dave Johnson Director | Trustee | 1 | $0 |
Jeff Arens Director | Trustee | 1 | $0 |
Jack Holtman Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
Total Program Service Revenue | $103,000 |
Investment income | $2,109 |
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 | $115,109 |
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. | $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 | $108,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,030 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $1,509 |
All other expenses | $0 |
Total functional expenses | $116,999 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $178,918 |
Savings and temporary cash investments | $165,530 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $171,582 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
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 | $516,030 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $516,030 |
Total liabilities and net assets/fund balances | $516,030 |
Organization Name | Assets | Revenue |
---|---|---|
Barton County Elec Coop Inc Lamar, MO | $53,305,232 | $19,554,475 |
Cristo Rey Kansas City Kansas City, MO | $7,796,405 | $4,970,520 |
Center For Technology And Civic Life Chicago, IL | $81,351,444 | $64,574,797 |
City Of Pikeville Exposition Center Corporation Pikeville, KY | $1,321,608 | $4,939,974 |
Heartland Institute Arlington Heights, IL | $1,778,407 | $4,106,509 |
Brotherhood Of Maintenance Of Way Employees Mayfield, KY | $4,737,490 | $3,573,473 |
Wilson County Promotions Inc Lebanon, TN | $3,248,871 | $4,128,841 |
Better Government Association Inc Chicago, IL | $3,907,227 | $3,042,344 |
Southeast Kansasworks Inc Emporia, KS | $271,427 | $2,525,875 |
Devou Properties Inc Covington, KY | $3,178,668 | $2,304,792 |
Mechanical Contractors Of Kansas City Overland Park, KS | $3,329,023 | $2,016,251 |
Iowa City Downtown Self Supported Municipal Improvement District Iowa City, IA | $210,596 | $1,321,560 |