Cut Bank Area Chamber Of Commerce is located in Cut Bank, MT. The organization was established in 2007. 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. Cut Bank 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, Cut Bank Area Chamber Of Commerce generated $53.0k 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 (10.0%) each year. All expenses for the organization totaled $37.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 years. 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 BUSINESS AND ECONOMIC GROWTH IN THE CUT BANK AREA AND PROVIDE INFORMATION TO THE COMMUNITY AND ALL WHO VISIT THE AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melissa Lee Director | 2 | $0 | |
Rhonda Grainger Secretary | 2 | $0 | |
Larry Schwindt Director | 2 | $0 | |
Jenika Sammons Treasurer | 4 | $0 | |
Amber Simonds Director | 2 | $0 | |
Nate Kavanagh President | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $19,794 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $7,059 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $16,565 |
Other Revenue | $9,179 |
Total Revenue | $52,973 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $9,919 |
Professional fees and other payments to independent contractors | $4,513 |
Occupancy, rent, utilities, and maintenance | $14,455 |
Printing, publications, postage, and shipping | $110 |
Other expenses | $8,121 |
Total expenses | $37,118 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $392,833 |
Other assets | $0 |
Total assets | $411,763 |
Total liabilities | $3,223 |
Net assets or fund balances | $408,540 |
Over the last fiscal year, we have identified 1 grants that Cut Bank Area Chamber Of Commerce has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Town Pump Charitable Foundation Butte, MT PURPOSE: ADOPT A FAMILY | $500 |
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 |