Greater Montgomery County Economic Council

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Brent Speight
President
$0
James Krattli
Secretary/treasurer
$0
Mike Lichtenberg
VP
$0
Dave Johnson
Director
$0
Jeff Arens
Director
$0
Jack Holtman
Director
$0

Financial Statements

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

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