2024-08-06T11:02:32-05:00 2023-09-30 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2022-10-01 237059679 MONTANA CHAMBER FOUNDATION MONT 4064313248 PO BOX 1162 HELENA MT 59624 TODD O'HAIR PRESIDENT/CEO 4064422045 2024-06-21 1 1 SAM BRUNSON CPA P01696998 4067281800 2024-06-21 2022 2024-08-08 14:25:15Z TODD O'HAIR PO BOX 1162 HELENA MT 59624 832054 0 X MONTANACHAMBER.COM X 1969 MT THE FOUNDATION PROMOTES AND IMPROVES THE ECONOMIC DEVELOPMENT OPPORTUNITIES OF THE STATE AND ITS COMMUNITIES BY PARTICIPATING IN EDUCATION PROJECTS AND RESEARCH. 15 15 0 20 0 0 620795 576184 13425 0 305 16282 68459 -30433 702984 562033 0 12849 0 0 0 0 0 0 171732 488440 580640 488440 593489 214544 -31456 894642 957173 36875 130862 857767 826311 X TO EDUCATE MONTANANS ABOUT THE FUNDAMENTALS OF BUSINESS OPERATIONS, BUSINESS NEEDS, AND RESPONSIBILITIES AND CONTRIBUTIONS OF BUSINESS TO SOCIETY. 1 0 155276 10349 0 MT YOUTH ENTREPRENEURS FUELED BY EMPOWERED - IN 2017, THE MONTANA CHAMBER FOUNDATION BROUGHT TO MONTANA "EMPOWERED", A NATIONALLY RECOGNIZED PROGRAM THAT DEVELOPS EMPLOYABILITY TRAITS AND INSTILLS ECONOMIC AND ENTREPRENEURIAL PRINCIPLES IN OUR FUTURE WORKFORCE. DURING THE FISCAL YEAR, THE FOUNDATION ADDED AN ADDITIONAL FULL TIME WORKFORCE STRATEGIST WHO TRAVELS THE STATE EXPANDING AND EXECUTING THE YOUTH ENTREPRENEURS PROGRAM AND EMPOWERED TEACHER NETWORK. 39565 0 0 THE PROSPECTS ENCOMPASSES A VIRTUAL STATEWIDE ENTREPRENEURSHIP COMPETITION WITH SCHOLARSHIPS AND CASH PRIZES FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS WITH NEW IDEAS AND EXISTING SMALL BUSINESSES.THIS COMPETITION IS DESIGNED TO FIND, CELEBRATE AND REWARD PROMISING STUDENTS BY PROVIDING THEM WITH OPPORTUNITIES TO SHOW OFF THEIR ENTREPRENEURIAL MINDSET AND ABILITY TO SOLVE PROBLEMS FOR THE REAL WORLD. MONTANA CHAMBER FOUNDATION IS CONNECTING STUDENTS AND BUSINESSES LEADERS FROM AROUND THE STATE. 2500 2500 0 ENVISION 2026 WAS IMPLEMENTED IN 2016 AS A 10-YEAR STRATEGIC PLAN FOCUSED ON THE SUSTAINED ECONOMIC GROWTH FOR MONTANA. TO MEET ITS FOUR GOALS BY 2026, THE MONTANA CHAMBER WILL WORK IN THE FOLLOWING FOUR KEY AREAS TO DRIVE PER CAPITA PERSONAL INCOME LEVELS AND GROWTH, GROSS STATE PRODUCT GROWTH, AND JOB GROWTH: WORKFORCE; ENTREPRENEURSHIP; BUSINESS CLIMATE; AND INFRASTRUCTURE. 197341 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X CHARMAINE ROGERS 4062022549 10604 CREEKTOP DRIVE CANYON CREEK MT 59633 X TODD O'HAIR EXECUTIVE DIRECTOR 26.00 X X 0 0 0 ANGELA MURDO CHAIR 1.00 X X 0 0 0 LAURENCE HUBBARD IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JESSIE LUTHER DIRECTOR 1.00 X 0 0 0 ED BARTLETT DIRECTOR 1.00 X 0 0 0 CHAD BAUER DIRECTOR 1.00 X 0 0 0 RICK EDWARDS DIRECTOR 1.00 X 0 0 0 STEVE HOLLAND DIRECTOR 1.00 X 0 0 0 PAUL HOPFAUF DIRECTOR 1.00 X 0 0 0 COURTNEY KIBBLEWHITE DIRECTOR 1.00 X 0 0 0 KYLE LINGSCHEIT DIRECTOR 1.00 X 0 0 0 BILL MCGLADDERY DIRECTOR 1.00 X 0 0 0 STEPHANIE GRAY DIRECTOR 1.00 X 0 0 0 CARL NYSTUEN DIRECTOR 1.00 X 0 0 0 RYAN CONNOR DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 300212 275972 576184 16282 16282 239588 300212 270021 -30433 -30433 562033 0 0 -14151 X 12849 12849 23778 23778 264923 27050 185140 52733 13231 11242 1989 23317 8443 14671 203 52964 32035 12 20917 8959 8661 298 11 11 6533 37 506 5990 BAD DEBT EXPENSES 89900 89900 PRIZES 50066 50066 EVENT EXPENSES 46958 46958 593489 197341 224416 171732 875686 888587 13000 54000 5956 14586 894642 957173 36875 28787 0 9000 0 93075 36875 130862 X 807517 715300 50250 111011 857767 826311 894642 957173 -31456 0 X X 0 1 X 1 0 X 196499 74660 254609 620795 576184 1722747 196499 74660 254609 620795 576184 1722747 55796 1666951 2147 2089 1686 305 16282 22509 2300 2300 1747556 60020 0.95390 0.97710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 250 250 250 250 250 250 250 250 250 250 1.00000 0 0 0 DUE TO CHAMBER 32314 DUE TO OTHERS 60761 93075 X 742154 270021 270021 472133 89900 89900 562033 773610 270021 270021 503589 89900 89900 593489 PART V, LINE 4: IN ACCORDANCE WITH MT UPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR- RESTRICTED ENDOWMENT FUNDS: 1) THE DURATION AND PRESERVATION OF THE FUND; 2) THE PURPOSES OF THE FOUNDATION ENDOWMENT FUND; 3) GENERAL ECONOMIC CONDITIONS; 4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; 5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; 6) OTHER RESOURCES OF THE FOUNDATION; AND 7) THE INVESTMENT POLICIES OF THE FOUNDATION. ALL ENDOWMENTS OF THE FOUNDATION ARE PERMANENTLY RESTRICTED. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR FEDERAL INCOME TAX REPORTING AND THEREFORE, NO LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN RECORDED. THE FOUNDATION IS SUBJECT TO TAXES ON ANY UNRELATED BUSINESS INCOME UNDER THE PROVISIONS OF SECTION 511 OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. AS A MATTER OF LAW, THE FOUNDATION IS SUBJECT TO EXAMINATION FOR THE FEDERAL INCOME TAX FILINGS IN THE UNITED STATES FOR THE LAST THREE YEARS. IN THE EVENT THE FOUNDATION IS ASSESSED PENALTIES AND/OR INTEREST, PENALTIES WOULD BE CHARGED TO ADMINISTRATIVE EXPENSES AND INTEREST WILL BE CHARGED TO INTEREST EXPENSE IN THE YEAR ASSESSED. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 270,021. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 89,900. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 270,021. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 89,900. GOLF TOURNAMENT 539800 300212 239588 41836 126550 16162 85473 539800 300212 239588 41836 126550 16162 85473 270021 -30433 0 MONTANA DECA INC 502 S 19TH AVE STE 108B BOZEMAN MT 59718 816017160 501(C)(3) 5239 0 CORPORATE PARTNERSHIP - 2022 - 2023 PROGAMS AND SUPPLIES 1 FORM 990, PART III, LINE 2 THE PROSPECTS ENCOMPASSES A VIRTUAL STATEWIDE ENTREPRENEURSHIP COMPETITION WITH SCHOLARSHIPS AND CASH PRIZES FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS WITH NEW IDEAS AND EXISTING SMALL BUSINESSES. THIS COMPETITION IS DESIGNED TO FIND, CELEBRATE AND REWARD PROMISING STUDENTS BY PROVIDING THEM WITH OPPORTUNITIES TO SHOW OFF THEIR ENTREPRENEURIAL MINDSET AND ABILITY TO SOLVE PROBLEMS FOR THE REAL WORLD. MONTANA CHAMBER FOUNDATION IS CONNECTING STUDENTS AND BUSINESSES LEADERS FROM AROUND THE STATE. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION DELEGATED MANAGEMENT DUTIES TO THE MONTANA CHAMBER OF COMMERCE. THE CHAMBER OF COMMERCE PROVIDES USE OF BASIC OFFICE SPACE AND EQUIPMENT, ROUTINE BOOKKEEPING FUNCTIONS, PREPARATION AND MAINTENANCE OF MINUTES, TRACKING ACTUAL SHARED COSTS, AND COORDINATING THE MONTANA CHAMBER GOVERNORS' CUP GOLF TOURNAMENT AND ECONOMIC EDUCATION SUMMITS. THE ORGANIZATION'S EXECUTIVE DIRECTOR, TODD O'HAIR, IS AN EMPLOYEE OF THE MONTANA CHAMBER OF COMMERCE. COMPENSATION FOR SERVICES PROVIDED TO THE FOUNDATION INCLUDE THE FOLLOWING: SALARY - $166,224 OTHER COMPENSATION - $15,400 EMPLOYER CONTRIBUTION TO RETIREMENT - $12,712 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REMINDS ALL MEMBERS OF THE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF THEIR MEETINGS AND WILL HAVE SESSIONS ON THIS AT THEIR ANNUAL MEETING. THE BOARD MEMBERS ARE ASKED TO SIGN CONFLICT LETTERS, AND THE PRESIDENT WILL DO A FOLLOW-UP WITH ANY QUESTIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 ALL FINANCIAL INFORMATION, GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PERSONNEL: PROGRAM SERVICE EXPENSES 27,050. MANAGEMENT AND GENERAL EXPENSES 185,140. FUNDRAISING EXPENSES 52,733. TOTAL EXPENSES 264,923. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.