Kalispell Area Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $27.5k
- Employees
- 16
- Location
- Kalispell, MT
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 81-0154268
Organization Overview
Kalispell Area Chamber Of Commerce is located in Kalispell, MT. The organization was established in 1942. 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, Kalispell Area Chamber Of Commerce employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalispell Area 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, Kalispell Area Chamber Of Commerce generated $1.1m 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 (4.8%) each year. All expenses for the organization totaled $997.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC AND COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT ACCOMPLISHED THROUGH PLANNING AN ACTION IN THE KALISPELL REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Clarno President/ceo | Officer | 40 | $99,166 |
Courtenay Sprunger Chair | Officer | 0 | $0 |
Tagen Vine Secretary & Treasurer | Officer | 0 | $0 |
Tom Ray Immediate Past Chair | Officer | 0 | $0 |
Erica Wirtala Vice Chair | Officer | 0 | $0 |
Doug Russell Ex-Offcio Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $369,705 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $428,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,082 |
| Total Program Service Revenue | $287,572 |
| Investment income | $1,803 |
| 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 | $1,087,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,940 |
| 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. | $99,166 |
| Compensation of current officers, directors, key employees. | $14,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,435 |
| Payroll taxes | $44,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,246 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,071 |
| Advertising and promotion | $0 |
| Office expenses | $31,984 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,274 |
| Travel | $15,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,748 |
| Interest | $494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,672 |
| Insurance | $7,910 |
| All other expenses | $8,849 |
| Total functional expenses | $997,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,769 |
| Savings and temporary cash investments | $285,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,259 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $506 |
| Prepaid expenses and deferred charges | $9,329 |
| Net Land, buildings, and equipment | $178,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,450 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,192,977 |
| Accounts payable and accrued expenses | $47,352 |
| Grants payable | $0 |
| Deferred revenue | $59,080 |
| 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 | $40,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $446,095 |
| Total liabilities | $593,413 |
| Net assets without donor restrictions | $599,564 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,192,977 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kalispell Area Chamber Of Commerce has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Heck Family Foundation Kalispell, MT PURPOSE: UNRESTRICTED | $0 |
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 |