Belgrade Chamber Of Commerce
- Assets
- $210.8k
- Revenue
- $162.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Belgrade, MT
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 81-0371426
Organization Overview
Belgrade Chamber Of Commerce is located in Belgrade, MT. The organization was established in 1991. 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, Belgrade Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belgrade 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, Belgrade Chamber Of Commerce generated $162.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $93.6k during the year ending 12/2023. 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
THROUGH LEADERSHIP AND INTEGRITY, THE BELGRADE CHAMBER OF COMMERCE IS COMMITTED TO UNITE THE BUSINESS COMMUNITY AND ENHANCE THE QUALITY OF LIFE IN BELGRADE, MT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BELGRADE CHAMBER SERVES OVER 300 MEMBERS. THE ORGANIZATION PROMOTES COMMERCE THROUGH SPONSORING BUSINESS FORUMS, PROMOTING THE LOCAL BUSINESS COMMUNITY AND GENERATING NEWSLETTERS. THE CHAMBER ALOS SPONSORS A NUMBER OF OTHER FUNCTIONS AND ACTIVITIES THAT PROMOTE BUSINESS AT A LOCAL AND REGIONAL LEVEL.
ALL OTHER ACCOMPLISHMENTS: THE BELGRADE CHAMBER SERVES OVER 300 MEMBERS. THE ORGANIZATION PROMOTES COMMERCE THROUGH SPONSORING BUSINESS FORUMS, PROMOTING THE LOCAL BUSINESS AT COMMUNITY AND GEERAING NEWSLETERS. THE CHAMBER ALSO SPONSORS A NUMBER OF OTHER FUNCTIONS AND ACTIVITIES THAT PR0MOTE BUSINESS AY A LOCAL AND REGIONAL LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan K Elliot Executive Director | 20 | $16,649 | |
Erink Hoppe Employee | 2 | $482 | |
Kristi Gee Past Executive Director | 40 | $4,581 | |
Hannah Gee Employee | 25 | $12,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,620 |
| Total Program Service Revenue | $73,865 |
| Investment income | $153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,485 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,187 |
| 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. | $34,274 |
| Compensation of current officers, directors, key employees. | $34,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,711 |
| Office expenses | $7,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,938 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,559 |
| All other expenses | $6,839 |
| Total functional expenses | $93,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,312 |
| Savings and temporary cash investments | $53,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $68,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,818 |
| Accounts payable and accrued expenses | $88 |
| 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 | $88 |
| 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 | $210,730 |
| Total liabilities and net assets/fund balances | $210,818 |