Glasgow Chamber Of Commerce & Agriculture Inc
- Assets
- $303.2k
- Revenue
- $595.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Glasgow, MT
- Founding
- 03/1947
- Data as of
- 12/2022
- EIN
- 81-0139945
Organization Overview
Glasgow Chamber Of Commerce & Agriculture Inc is located in Glasgow, MT. The organization was established in 1947. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glasgow Chamber Of Commerce & Agriculture 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 12/2022, Glasgow Chamber Of Commerce & Agriculture Inc generated $595.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $617.7k during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOURISM, AGRICULTURAL, AND RECREATIONAL ACTIVITIES BENEFITING NORTHEASTERN MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM, AGRICULTURAL AND RECREATIONAL ACTIVITIES BENEFITING NORTHEASTERN MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa A Koski Executive Director | 45 | $40,200 | |
Shannon Fargo Director | Trustee | 0 | $0 |
Heidi Gault Director | Trustee | 0 | $0 |
Gail Fast Treasurer | Trustee | 0 | $0 |
Jason Eggebrecht Director | Trustee | 0 | $0 |
Gregg Hunter President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,555 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,462 |
| Total Program Service Revenue | $479,598 |
| Investment income | $807 |
| 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 | $8,806 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $595,673 |
| 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. | $40,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,065 |
| Pension plan accruals and contributions | $5,591 |
| Other employee benefits | $6,000 |
| Payroll taxes | $8,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,974 |
| Office expenses | $8,584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,477 |
| Travel | $4,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,445 |
| Insurance | $7,568 |
| All other expenses | $6,345 |
| Total functional expenses | $617,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,422 |
| Savings and temporary cash investments | $212,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$117,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,038 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $68,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $303,246 |
| Accounts payable and accrued expenses | $21,697 |
| 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 | $6,462 |
| Total liabilities | $28,159 |
| Net assets without donor restrictions | $265,557 |
| Net assets with donor restrictions | $9,530 |
| 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 | $303,246 |