Whitefish Area Chamber Of Commerce
- Assets
- $459.1k
- Revenue
- $466.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Whitefish, MT
- Founding
- 06/1945
- Data as of
- 12/2023
- EIN
- 81-0208719
Organization Overview
Whitefish Area Chamber Of Commerce is located in Whitefish, MT. The organization was established in 1945. 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 12/2023, Whitefish Area Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitefish 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 12/2023, Whitefish Area Chamber Of Commerce generated $466.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $399.3k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CITY OF WHITEFISH, MONTANA AND MEMBER BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER PRODUCES FLYERS, BUSINESS DIRECTORIES, AND SPONSORS OTHER ACTIVITIES WHICH PROMOTE BUSINESS AND ENHANCE THE IMAGE OF WHITEFISH, MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Raper Former Chairman | OfficerTrustee | 1 | $0 |
Clare Goble Chairman | OfficerTrustee | 1 | $0 |
Reeves Stanwood Chair-Elect | OfficerTrustee | 1 | $0 |
Marcus Duffey Board Member | Trustee | 1 | $0 |
Alex Hopkins Director | Trustee | 1 | $0 |
Katie Williams Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $256,507 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,047 |
| Total Program Service Revenue | $77,646 |
| Investment income | $2,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,148 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,498 |
| 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. | $102,636 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,967 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,683 |
| Office expenses | $8,165 |
| Information technology | $12,360 |
| Royalties | $0 |
| Occupancy | $23,826 |
| Travel | $8,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $664 |
| Insurance | $5,104 |
| All other expenses | $18,116 |
| Total functional expenses | $399,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,882 |
| Savings and temporary cash investments | $181,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,531 |
| 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 | $22,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $459,072 |
| Accounts payable and accrued expenses | $4,754 |
| 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 | $0 |
| Total liabilities | $4,754 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $454,318 |
| Total liabilities and net assets/fund balances | $459,072 |