Big Sky Resort Association Inc
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Big Sky, MT
- Founding
- 04/1994
- Data as of
- 06/2023
- EIN
- 81-0426408
Organization Overview
Big Sky Resort Association Inc, operating under the name Big Sky Chamber Of Commerce, is located in Big Sky, MT. The organization was established in 1994. 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 06/2023, Big Sky Chamber Of Commerce employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Sky 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 06/2023, Big Sky Chamber Of Commerce generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 6.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVING AS THE VOICE OF BUSINESS, THE BIG SKY CHAMBER OF COMMERCE CHAMPIONS A HEALTHY ECONOMY AND WORKS COLLABORATIVELY WITH COMMUNITY STAKEHOLDERS AS A CONVEYOR AND A CATALYST TO IMPROVE THE OVERALL QUALITY OF LIFE IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MAJOR STRATEGIC FOCUS FOR THE BIG SKY CHAMBER IS ADVOCATING FOR OUR 500 MEMBERS IN AND AROUND BIG SKY, MONTANA. AS A CHAMBER OF COMMERCE, WE'RE INVOLVED IN SEVERAL ACTIONS TO SUPPORT THE BUSINESS ECONOMY AND COMMUNITY OF BIG SKY. BUSINESS ENGAGEMENT WITH TRAININGS, EVENTS, AND BENEFITS ARE KEY COMPONENTS OF OUR WORK. THE DEVELOPMENT OF A LEADERSHIP PROGRAM FOR OUR COMMUNITY AND WORKFORCE SUSTAINABILITY ARE ALL KEY INITIATIVES THAT WE FOCUS ON.
ANOTHER PILLAR OF THE BIG SKY CHAMBER IS TO FACILITATE LOCAL GOVERNANCE AND PUBLIC AFFAIRS. OUR BI-ANNUAL EGGS AND ISSUES MEETING ADDRESSES CRITICAL COMMUNITY CONCERNS ALONG WITH CONVENING THE TWO LOCAL COUNTY GOVERNMENT ENTITIES WHO OVERSEE THESE ISSUES. THE COORDINATING COUNCIL OF BIG SKY WAS CREATED TO BRING TOGETHER KEY COMMUNITY LEADERS, ADMINISTERED BY THE BIG SKY CHAMBER, TO ENSURE THAT EVERYONE IS WORKING TOGETHER TO IMPLEMENT THE COMMUNITY STRATEGIC PLAN. ALSO, A COMMUNITY BUILDING FORUM WAS ESTABLISHED TO ADDRESS THE MATTERS THAT ARISE FROM COMMUNITY GROWTH AND TO KEEP RESIDENTS INFORMED OF THESE ITEMS.
THE BIG SKY CHAMBER'S ANNUAL MEETING SPEAKS TO THE YEAR AHEAD, RECOGNIZES MEMBER BUSINESSESX AND INDIVIDUAL PROFESSIONALS' ACHIEVEMENTS, AND FACILITATES THE ELECTION OF THE NEW BOARD MEMBERS AND OFFICERS. BUSINESS OWNERS ARE ABLE TO VISIT WITH EACH OTHER, DISCUSS STRATEGY, AND RECEIVE NEW IDEAS THAT CAN HELP THEIR BIG SKY BUSINESS SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Niva CEO | Officer | 26.67 | $177,189 |
Katie Grice Board Chair | OfficerTrustee | 2 | $0 |
Kevin Hinkle Sec./treasurer | OfficerTrustee | 1 | $0 |
Frank Acito Vice Chair | OfficerTrustee | 1 | $0 |
Tim Kent Director | Trustee | 0.5 | $0 |
Joel Hinkel Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $265,767 |
| Fundraising events | $41,615 |
| Related organizations | $0 |
| Government grants | $263,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,802 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,399 |
| Total Program Service Revenue | $598,400 |
| Investment income | $4,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,150,758 |
| 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. | $197,161 |
| Compensation of current officers, directors, key employees. | $14,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,238 |
| Payroll taxes | $45,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,558 |
| Advertising and promotion | $46,552 |
| Office expenses | $22,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,036 |
| Insurance | $7,702 |
| All other expenses | $29,292 |
| Total functional expenses | $1,118,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,480 |
| Savings and temporary cash investments | $591,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,018 |
| 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 | $7,761 |
| Net Land, buildings, and equipment | $13,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $1,180,808 |
| Accounts payable and accrued expenses | $96,042 |
| Grants payable | $0 |
| Deferred revenue | $159,727 |
| 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 | $255,769 |
| Net assets without donor restrictions | $893,203 |
| Net assets with donor restrictions | $31,836 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,180,808 |