Helena Chamber Of Commerce
- Assets
- $235.9k
- Revenue
- $647.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Helena, MT
- Founding
- 08/1944
- Data as of
- 12/2021
- EIN
- 81-0145987
Organization Overview
Helena Chamber Of Commerce is located in Helena, 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 12/2021, Helena Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helena 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 12/2021, Helena Chamber Of Commerce generated $647.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $716.5k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HELENA AREA CHAMBER OF COMMERCE PROVIDES INFORMATION AND RESOURCES ABOUT THE CITY, ASSISTS LOCAL RESIDENTS WITH SEMINARS, AND PROMOTES CONVENTIONS, TOURISM, AND CIVIC PRIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HELENA AREA CHAMBER OF COMMERCE PROVIDED INFORMATION & RESOURCES ABOUT THE CITY; ASSISTED RESIDENTS WITH SEMINARS; AND PROMOTES CONVENTIONS, TOURISM, AND CIVIC PRIDE. THE CHAMBER ADVOCATES ON BEHALF OF BUSINESS MEMEBERS AND PROVIDES SERVICES AND PROGRAMS FOR BUSINESS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Burwell President/ceo | OfficerTrustee | 40 | $102,138 |
Mike Mergenthaler Vice President | Trustee | 40 | $78,612 |
Mckinley Winkle Wins Director | Trustee | 40 | $55,168 |
Katie Nichols Communications Director | Trustee | 40 | $47,995 |
Cameron Johnson Membership Director | Trustee | 20 | $22,578 |
Kirsin Chaney Office And Events Assistant | Trustee | 20 | $20,526 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $314,789 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,832 |
| Total Program Service Revenue | $260,134 |
| Investment income | $43 |
| 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 | $647,884 |
| 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. | $102,138 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,020 |
| Pension plan accruals and contributions | $7,676 |
| Other employee benefits | $27,590 |
| Payroll taxes | $29,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $4,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,029 |
| Office expenses | $10,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,306 |
| Travel | $7,718 |
| 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 | $301 |
| Insurance | $3,772 |
| All other expenses | $21,901 |
| Total functional expenses | $716,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,145 |
| Savings and temporary cash investments | $107,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,945 |
| Accounts payable and accrued expenses | -$2,570 |
| 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 | $1,895 |
| Other liabilities | $253 |
| Total liabilities | -$422 |
| Net assets without donor restrictions | $218,522 |
| Net assets with donor restrictions | $17,845 |
| 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 | $235,945 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Helena Chamber Of Commerce has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Heck Family Foundation Kalispell, MT PURPOSE: UNRESTRICTED | $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 |