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Nonprofiteer
← BILLINGS CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by BILLINGS CHAMBER OF COMMERCE.

Totals

Total revenue
$2,542,070
Total expenses
$2,603,925
Contributions and grants received
$1,250,573
Grants paid
$0
Program service revenue
$1,258,676
Investment income
$25,952
Other revenue
$6,869
Total assets, end of year
$1,374,565
Total liabilities, end of year
$282,400
Net assets or fund balances, end of year
$1,092,165
Program services expenses (Part IX)
$2,073,844
Management and general expenses
$530,081
Fundraising expenses
$0
Program service expenses (Part III)
$2,073,844

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $739,157

  • 1e · Government grants (contributions)

    $511,416

  • 2a · Program service revenue: TBID REIMBURSEMENTS

    total $556,426 · related or exempt $556,426

  • 2b · Program service revenue: MEMBER SERVICES

    total $467,422 · related or exempt $467,422

  • 2c · Program service revenue: SOUTHEAST MT ADMIN FEE

    total $174,687 · related or exempt $174,687

  • 2d · Program service revenue: BUSINESS ADVOCACY

    total $29,725 · related or exempt $29,725

  • 2e · Program service revenue: STRATEGIC PRIORITY

    total $15,357 · related or exempt $15,357

  • 2f · All other program service revenue

    total $15,059 · related or exempt $2,623 · unrelated business $12,436

  • 3 · Investment income

    total $25,952 · excluded $25,952

  • 11a · Other revenue: MISC - OTHER REVENUE

    total $6,528 · related or exempt $6,528

  • 11b · Other revenue: MISC - RESTRICTED INTE

    total $341 · related or exempt $341

  • 11e · Other revenue, total

    $6,869

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $319,043 · program services $276,260 · management and general $42,783

  • 7 · Other salaries and wages

    total $945,706 · program services $710,496 · management and general $235,210

  • 8 · Pension plan contributions

    total $89,356 · program services $65,688 · management and general $23,668

  • 9 · Other employee benefits

    total $174,208 · program services $120,795 · management and general $53,413

  • 10 · Payroll taxes

    total $107,398 · program services $87,547 · management and general $19,851

  • 11c · Fees: accounting

    total $32,535 · management and general $32,535

  • 11d · Fees: lobbying

    total $40,920 · program services $40,920

  • 12 · Advertising and promotion

    total $255,623 · program services $255,623

  • 13 · Office expenses

    total $45,989 · program services $44,488 · management and general $1,501

  • 16 · Occupancy

    total $61,564 · program services $19,099 · management and general $42,465

  • 17 · Travel

    total $11,042 · program services $9,075 · management and general $1,967

  • 19 · Conferences, conventions and meetings

    total $21,605 · program services $9,814 · management and general $11,791

  • 20 · Interest

    total $87 · program services $70 · management and general $17

  • 22 · Depreciation, depletion and amortization

    total $20,204 · program services $16,232 · management and general $3,972

  • 23 · Insurance

    total $7,481 · program services $5,807 · management and general $1,674

  • 24a · Other expenses: MEMBER EVENTS

    total $283,926 · program services $283,926 · management and general $0

  • 24b · Other expenses: MARKETING RESEARCH

    total $46,788 · program services $46,788 · management and general $0

  • 24c · Other expenses: SUPPLIES

    total $35,310 · program services $27,424 · management and general $7,886

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $28,408 · program services $23,099 · management and general $5,309

  • 24e · All other expenses

    total $76,732 · program services $30,693 · management and general $46,039

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $425,062 · end of year $429,876

  • 2 · Savings and temporary cash investments

    beginning of year $189,313 · end of year $140,760

  • 4 · Accounts receivable

    beginning of year $110,106 · end of year $215,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,831 · end of year $7,903

  • 10a · Land, buildings and equipment: cost or other basis

    $1,044,226

  • 10b · Land, buildings and equipment: accumulated depreciation

    $886,380

  • 10c · Land, buildings and equipment, net

    beginning of year $175,345 · end of year $157,846

  • 11 · Investments: publicly traded securities

    beginning of year $421,751 · end of year $422,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,817 · end of year $232,277

  • 19 · Deferred revenue

    beginning of year $58,104 · end of year $47,113

  • 24 · Unsecured notes and loans payable

    beginning of year $4,543 · end of year $3,010

  • 27 · Net assets without donor restrictions

    beginning of year $936,023 · end of year $894,807

  • 28 · Net assets with donor restrictions

    beginning of year $212,921 · end of year $197,358

Mission and programs · 2024

Mission

OUR MISSION IS TO DEVELOP A STRONG BUSINESS CLIMATE AND VIBRANT ECONOMY BY SERVING THE COMMUNITY IN A LEADERSHIP ROLE THERAPY ENHANCING THE QUALITY OF LIFE.

Activities or mission (Part I)

OUR MISSION IS TO DEVELOP A STRONG BUSINESS CLIMATE AND VIBRANT ECONOMY BY SERVING THE COMMUNITY IN A LEADERSHIP ROLE THEREBY ENHANCING THE QUALITY OF LIFE.

  • DEVELOP AND MARKET THE BILLINGS, MONTANA REGION AS A PREFERRED DESTINATION FOR VISITORS IN ORDER TO CONTRIBUTE TO THE ECONOMIC AND CULTURAL GROWTH OF THE REGION.

    Expenses $979,523 · Revenue $731,113

  • PROVIDE EDUCATION AND INFORMATION SERVICES TO MEMBERS, RECRUIT NEW MEMBERS, AND MAKE THE CHAMBER AVAILABLE TO THE COMMUNITY.

    Expenses $778,480 · Revenue $467,422

  • SERVICE THE MEMBERSHIP BY MONITORING THE GOVERNMENTAL AND BUSINESS ARENAS.

    Expenses $315,841 · Revenue $45,082

  • ALL OTHER PROGRAM SERVICES.

    Revenue $9,492

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Deborah Potter

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Heather McDowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jess Peterson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Toby O'Rourke

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Carmelita Dominguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bryce Terpstra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steve Warhlich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Nick Steen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carolee McCall Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Matt Blakeslee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Spencer Frederick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Becky Rosenleaf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jill Dawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dusty Eaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karen Baumgart-Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tracy Neary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Don Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jeremy Vanatta

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Ryan Brosseau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Brewer

    PRESIDENT/CEO

    Total calculated
    $286,578
    From this org
    $253,366
    From related orgs
    $0
    Other
    $33,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,366
    Bonus
    $0
    Other
    $0
    Deferred
    $15,764
    Nontaxable benefits
    $17,448
    Filer's total
    $286,578

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.5
Source object
202630419349301428

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