Libby Area Chamber Of Commerce
- Assets
- $104.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Libby, MT
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 81-0299519
Organization Overview
Libby Area Chamber Of Commerce is located in Libby, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Libby 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, Libby Area Chamber Of Commerce generated $138.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $123.8k during the year ending 12/2021. While expenses have increased by 15.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND IMPROVE COMMERCE IN THE CITY OF LIBBY AND LINCOLN COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Vincent Vice-Preside | 0 | $0 | |
Liz Whalen Secretary | 0 | $0 | |
Leroy Thom Board Member | 0 | $0 | |
Amber Pacheco-Holm President | 0 | $0 | |
Emily Gilbert Board Member | 0 | $0 | |
Alyssa Ramirez Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,461 |
| Total Program Service Revenue | $66,870 |
| Membership dues | $28,760 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,857 |
| Other Revenue | $970 |
| Total Revenue | $138,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,337 |
| Professional fees and other payments to independent contractors | $945 |
| Occupancy, rent, utilities, and maintenance | $4,366 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $77,158 |
| Total expenses | $123,806 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,240 |
| Other assets | $0 |
| Total assets | $104,357 |
| Total liabilities | $3,117 |
| Net assets or fund balances | $101,240 |
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 |