Libby Area Chamber Of Commerce
- Assets
- $91.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Libby, MT
- Founding
- 12/1944
- Data as of
- 12/2022
- 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 12/2022, Libby Area Chamber Of Commerce generated $162.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $173.0k during the year ending 12/2022. While expenses have increased by 19.0% 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
2022
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 |
|---|---|---|---|
Elizabeth Whalen Treasurer | 0 | $0 | |
Bruce Vincent President | 0 | $0 | |
Leroy Thom Board Member | 0 | $0 | |
Kim Peck Board Member | 0 | $0 | |
Emily Gilbert Secretary | 0 | $0 | |
Doreen Gruber Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,599 |
| Total Program Service Revenue | $92,236 |
| Membership dues | $29,116 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,809 |
| Other Revenue | $2,192 |
| Total Revenue | $161,952 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,045 |
| Professional fees and other payments to independent contractors | $1,665 |
| Occupancy, rent, utilities, and maintenance | $5,285 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $95,040 |
| Total expenses | $173,035 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,315 |
| Other assets | $0 |
| Total assets | $91,485 |
| Total liabilities | $1,328 |
| Net assets or fund balances | $90,157 |