Overview
What is Montana Chamber Foundation?
Montana Chamber Foundation is a nonprofit organization situated in Helena, Montana. Its primary focus is fostering economic development opportunities within the state and its communities. The foundation achieves this by engaging in educational projects and research. They showcased this commitment by co-hosting the Energy Summit with Montana Senator Daines, which showcased various industries in Montana, including high-tech, photonics, bioscience, and crypto. The foundation aims to educate Montanans about the essentials of business operations, needs, and responsibilities, as well as the role of businesses in society. The organization's mission extends beyond the city limits, contributing positively to the overall growth and prosperity of Montana.
Official website here: www.montanachamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial health within the organization. While the Montana Chamber Foundation has scored well in certain areas, it has room for improvement, particularly in its program expense ratio, which stands at 52.60%.
The foundation demonstrates strong governance practices, with 100% of its board members being independent and having a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Additionally, the organization has a low liabilities to assets ratio, indicating a stable financial position and prudent management of resources.
However, the program expense ratio is notably lower than ideal, suggesting that a significant portion of funds may not be directed towards programmatic activities. This area could benefit from increased focus to enhance overall effectiveness and impact. Overall, while the Montana Chamber Foundation has strengths in governance and financial oversight, enhancing its program spending could provide greater benefit to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Montana Chamber Foundation legitimate?
Montana Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Chamber Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.montanachamber.com
What is the mission statement of Montana Chamber Foundation?
The Montana Chamber Foundation's mission is centered around promoting and enhancing economic development opportunities for the state and its communities. This is achieved through involvement in educational projects and research. The foundation's primary objective is to educate the general public about the fundamentals of business operations, the needs and responsibilities of businesses, and the contributions of businesses to society.
In pursuit of its mission, the Montana Chamber Foundation hosts events such as the Energy Summit, a collaboration with Montana Senator Daines. This summit showcases Montana's emerging and established industries, ranging from high-tech and photonics to bioscience and crypto, featuring leading companies from within the state and beyond.
Official website here: www.montanachamber.com
Who is the CEO of Montana Chamber Foundation?
Todd O'Hair is the Executive Director of Montana Chamber Foundation.
Official website here: www.montanachamber.com
What is the revenue of Montana Chamber Foundation?
Montana Chamber Foundation's revenue in 2022 was $702,984.
Official website here: www.montanachamber.com
Who are the executives of Montana Chamber Foundation and what are their salaries?
There 15 volunteers at Montana Chamber Foundation.
Here are 15 key members and their salaries:
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Official website here: www.montanachamber.com
Where can I find the form 990 for Montana Chamber Foundation?
Montana Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montanachamber.com
Learn more at the official website: www.montanachamber.com
Mission Statement of Montana Chamber Foundation
The Montana Chamber Foundation, a nonprofit organization, is committed to enhancing the economic development prospects of the state and its communities. It achieves this by engaging in educational projects and conducting research. The primary mission of this organization is to educate Montanans about the essential aspects of business operations, the requirements and responsibilities of businesses, and their significant contributions to society. By doing so, the Montana Chamber Foundation aims to foster a deeper understanding of the role of businesses within the community.
To further its mission, the Montana Chamber Foundation hosts events like the Energy Summit in collaboration with Montana Senator Daines. This summit showcases Montana's burgeoning industries, such as high-tech, photonics, bioscience, and crypto, featuring prominent companies from across the state and beyond. By organizing such events, the Montana Chamber Foundation seeks to promote dialogue, collaboration, and innovation within the business community, ultimately contributing to the state's economic growth and development.
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Impact
July, 2024
The Montana Chamber Foundation is making a significant impact by promoting and improving economic development opportunities in the state and its communities through education projects and research. One of their key initiatives is the Energy Summit, which they host in collaboration with Montana Senator Daines. This summit showcases Montana's emerging and existing industries, ranging from high-tech and photonics to bioscience and crypto, and features leading companies from across the state and around the country. By educating Montanans about the fundamentals of business operations, business needs, and the contributions of business to society, the foundation is driving community improvement and economic growth in Montana.
This information is meant to be a general summary of Montana Chamber Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $305
- Program Service Revenue: $13,425
- Gross Receipts: $985,925
Assets and Liabilities:
- Total Assets: $894,642
- Total Liabilities: $36,875
- Net Assets: $857,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC SUMMITT
Revenue
$10,150
ECONOMIC UPDATE
Revenue
$3,275
Organization Details
Founding Year
1969
Phone
(406) 431-3248Principal Officer
Todd O'Hair
Main Address
PO BOX 1162, HELENA, MT, 59624
Website
www.montanachamber.comNTEE Category
Code: S30 - Community improvement
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