Overview
What is Montana Business Assistance Connection?
Montana Business Assistance Connection is a nonprofit organization situated in Helena, Montana. Its primary goal is to support the retention and creation of jobs in the tri-county region, specifically Lewis & Clark, Broadwater, and Meager Counties. To achieve this, the organization provides one-to-one counseling for new and existing businesses, invests in and offers incentive capital, and maintains databases with demographic, socio-economic, and property/facility information about the service area. Furthermore, the Montana Business Assistance Connection assists local governments and community development organizations in creating and maintaining necessary infrastructure. The organization also manages public and private revolving loan funds, offers training, counseling, technical assistance, and access to capital for qualified businesses, and evaluates and manages County and City Community Development Block Grant requests. With a team of 10 employees, the Montana Business Assistance Connection is committed to fostering business growth and job creation in the region.
Official website here: www.mbac.biz
Is Montana Business Assistance Connection legitimate?
Montana Business Assistance Connection is a legitimate nonprofit organization registered as a 501(c)(6) entity. Montana Business Assistance Connection 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $102,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $426,828
For more financial information, click here
Official website here: www.mbac.biz
What is the mission statement of Montana Business Assistance Connection?
Montana Business Assistance Connection, as an organization, is committed to supporting the retention of existing jobs and fostering the creation of new ones. This is achieved through various means, including managing public and private revolving loan funds, providing training, counseling, technical assistance, and access to capital for qualified businesses. The organization also assists in the expansion of businesses and evaluates community development block grant requests. Additionally, they manage these loans to help stimulate economic growth and development in the region.
Official website here: www.mbac.biz
Who is the CEO of Montana Business Assistance Connection?
Brian Obert is the Past President of Montana Business Assistance Connection.
Official website here: www.mbac.biz
What is the revenue of Montana Business Assistance Connection?
Montana Business Assistance Connection's revenue in 2022 was $1,856,589.
Official website here: www.mbac.biz
Who are the executives of Montana Business Assistance Connection and what are their salaries?
The average compensation at Montana Business Assistance Connection during 2022 was $52,942. There are 10 employees and 21 volunteers at Montana Business Assistance Connection.
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- Compensation: $89,211
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- Other: $13,379
Official website here: www.mbac.biz
Where can I find the form 990 for Montana Business Assistance Connection?
Montana Business Assistance Connection's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbac.biz
Learn more at the official website: www.mbac.biz
Mission Statement of Montana Business Assistance Connection
Montana Business Assistance Connection, Inc., is committed to supporting the retention and creation of job opportunities in the tri-county region. This nonprofit organization achieves this goal through various means. Firstly, it manages and promotes public and private revolving loan funds, which provide capital for the start-up or expansion of qualified businesses. By offering access to capital, Montana Business Assistance Connection aids in business growth and job creation.
Secondly, the organization provides training, counseling, and technical assistance to these businesses. This support helps existing businesses to retain their jobs and grow, while also enabling new businesses to establish themselves effectively. By offering these services, Montana Business Assistance Connection contributes to the overall economic health of the region.
Lastly, the nonprofit organization plays a role in the evaluation and management of community development block grant requests. This involvement ensures that these funds are allocated effectively and contribute to the creation and retention of jobs in the tri-county region. In summary, Montana Business Assistance Connection, Inc., is dedicated to supporting job growth and retention in the tri-county region by providing capital, business assistance, and advocacy for community development block grants.
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Impact
October, 2024
Montana Business Assistance Connection significantly impacts the tri-county region by fostering job retention and creation in Lewis & Clark, Broadwater, and Meagher Counties. The organization offers personalized counseling to both new and existing businesses, helping them navigate the complexities of starting or expanding their operations. By providing access to investment and incentive capital, it empowers entrepreneurs to invest in their ventures and stimulate local economic growth.
In addition, Montana Business Assistance Connection plays a crucial role in collecting and maintaining valuable demographic, socio-economic, and property information, which aids local governments and community development organizations in strategic planning. The creation and management of public and private revolving loan funds demonstrate its commitment to enhancing the area's economic infrastructure. Through training, technical assistance, and promoting community development block grant requests, the organization strengthens the region’s operational framework, ensuring that both businesses and communities are equipped to thrive in a competitive environment.
Overall, the efforts of Montana Business Assistance Connection contribute to a more robust economic landscape, fostering sustainable development and improving quality of life in the communities it serves.
This information is meant to be a general summary of Montana Business Assistance Connection. 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: $1,546
- Program Service Revenue: $576,191
- Gross Receipts: $1,856,589
Assets and Liabilities:
- Total Assets: $13,027,178
- Total Liabilities: $9,257,190
- Net Assets: $3,769,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$472,627
LOAN ORIGINATION FEES
Revenue
$83,652
ECONOMIC DEVELOPMENT S
Revenue
$16,050
LATE FEES
Revenue
$3,862
Organization Details
Founding Year
1999
Phone
(406) 447-1510Principal Officer
Brian Obert
Main Address
225 CRUSE AVE SUITE D, HELENA, MT, 59601
Website
www.mbac.bizNTEE Category
Code: S43 - Community improvement
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