Butte Chamber Of Commerce
- Assets
- $1.9m
- Revenue
- $955.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Butte, MT
- Founding
- 09/1944
- Data as of
- 10/2020
- EIN
- 81-0116175
Organization Overview
Butte Chamber Of Commerce is located in Butte, MT. The organization was established in 1944. 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 10/2020, Butte Chamber Of Commerce employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butte Chamber Of Commerce 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 10/2020, Butte Chamber Of Commerce generated $955.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $579.1k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT, PROSPERITY, TOURISM AND THE ENHANCED GENERAL WELFARE OF A SOUTHWEST MONTANA COMMUNITY RICH IN HISTORY AND POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A COMMUNITY ALLIANCE DEDICATED TO THE PROMOTION OF ECONOMIC GROWTH AND DEVELOPMENT, PROSPERITY, TOURISM AND THE ENHANCED GENERAL WELFARE OF A SMALL SOUTHWEST MONTANA MINING COMMUNITY RICH IN HISTORY AND POTENTIAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Sorini Executive Director | Officer | 40 | $79,300 |
Leo Mccarthy Vice President | OfficerTrustee | 1 | $0 |
Dorea Wilmoth Vice President | OfficerTrustee | 1 | $0 |
John Winston President | OfficerTrustee | 5 | $0 |
Jenean Kujawa Vice President | OfficerTrustee | 1 | $0 |
Craig Tippett Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $955,001 |
| Statement of Expenses | |
|---|---|
| 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. | $79,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,113 |
| Pension plan accruals and contributions | $3,972 |
| Other employee benefits | $12,449 |
| Payroll taxes | $17,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $113,339 |
| Office expenses | $25,568 |
| 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 | $3,763 |
| Interest | $243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,488 |
| All other expenses | $0 |
| Total functional expenses | $579,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,348 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,873,550 |
| Accounts payable and accrued expenses | $9,376 |
| 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 | $28,416 |
| Total liabilities | $37,792 |
| 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 | $1,835,758 |
| Total liabilities and net assets/fund balances | $1,835,758 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Butte Chamber Of Commerce has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Town Pump Charitable Foundation Butte, MT PURPOSE: BUTTE CENTRAL AND BUTTE HIGH GRADUATION | $2,000 |
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 |