Montana Business Assistance Connection Inc
- Assets
- $12.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Helena, MT
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 36-3693967
Organization Overview
Montana Business Assistance Connection Inc is located in Helena, MT. The organization was established in 1990. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Montana Business Assistance Connection Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Business Assistance Connection Inc 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, Montana Business Assistance Connection Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $932.2k during the year ending 12/2021. While expenses have increased by 8.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE RETENTION AND CREATION OF JOBS IN THE TRI-COUNTY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ONE-TO-ONE COUNSELING FOR NEW AND EXISTING BUSINESSES, PROVIDES INVESTMENT AND INCENTIVE CAPITAL, COLLECTS AND MAINTAINS DATABASES OF DEMOGRAPHIC, SOCIO-ECONOMIC, AND PROPERTY/FACILITY INFORMATION ABOUT THE SERVICE AREA, AND ASSISTS LOCAL GOVERNMENTS AND COMMUNITY DEVELOPMENT ORGANIZATIONS TO CREATE AND MAINTAIN HUMAN, ORGANIZATION, AND PHYSICAL INFRASTRUCTURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Obert Executive Director | Officer | 40 | $87,062 |
Dan Mazurek Past President | OfficerTrustee | 1 | $0 |
Jim Mccormick President | OfficerTrustee | 1 | $0 |
Klint Fisher Vice President | OfficerTrustee | 1 | $0 |
Vickie Rauser Secretary | OfficerTrustee | 1 | $0 |
Jenny Taylor Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $834,312 |
| 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 | $876,062 |
| Total Program Service Revenue | $501,937 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,898 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,416,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,068 |
| 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. | $99,482 |
| Compensation of current officers, directors, key employees. | $9,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,343 |
| Pension plan accruals and contributions | $10,204 |
| Other employee benefits | $52,735 |
| Payroll taxes | $30,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,408 |
| Advertising and promotion | $5,831 |
| Office expenses | $10,725 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,667 |
| Travel | $5,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,522 |
| Insurance | $21,325 |
| All other expenses | $8,765 |
| Total functional expenses | $932,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,648 |
| Savings and temporary cash investments | $1,222,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,286,455 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,200 |
| Net Land, buildings, and equipment | $151,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,964,243 |
| Accounts payable and accrued expenses | $105,742 |
| Grants payable | $0 |
| Deferred revenue | $320,576 |
| 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 | $8,113,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $929 |
| Total liabilities | $8,540,573 |
| Net assets without donor restrictions | $2,707,161 |
| Net assets with donor restrictions | $716,509 |
| 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 | $11,964,243 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montana Business Assistance Connection Inc has recieved totaling $194,646.
| Awarding Organization | Amount |
|---|---|
Snowy Mountain Development Corporation Lewistown, MT PURPOSE: EPA CLEANUP/MITIGATE | $194,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camelback Ventures Inc Garden City, ID | $16,707,228 | $5,830,113 |
Great Fls Development Authority Inc Great Falls, MT | $19,433,536 | $5,045,202 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Montana Business Assistance Connection Inc Helena, MT | $11,964,243 | $1,416,863 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
East-Central Idaho Development Company Rexburg, ID | $3,332,671 | $702,206 |
First District Development Company Watertown, SD | $3,325,748 | $430,953 |
West River Business Center Inc Dickinson, ND | $87,910 | $0 |
Early Stage Montana Bozeman, MT | $46,384 | $0 |