Retail Association Of Maine
- Assets
- $466.1k
- Revenue
- $390.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Augusta, ME
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 01-0165117
Organization Overview
Retail Association Of Maine is located in Augusta, ME. The organization was established in 1942. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Retail Association Of Maine employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retail Association Of Maine 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 12/2022, Retail Association Of Maine generated $390.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $549.6k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RETAIL ASSOCIATION OF MAINE IS THE LEADING ADVOCATE FOR SUCCESSFUL RETAIL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION REVIEWS, DISCUSSES, AND ADVOCATES ON BEHALF OF THEIR MEMBERS ON NUMEROUS PIECES OF LEGISLATION THAT IMPACT MEMBERS' BUSINESSES. THE ASSOCIATION ALSO TESTIFIES ON LEGISLATION, NOTIFIES MEMBERS OF CHANGES TO PASSED LEGISLATION, AND COMMUNICATES THE INPUT OF THEIR MEMBERS INTO THE LEGISLATIVE PROCESS.
THE ASSOCIATION COMMUNICATES WITH THEIR MEMBERSHIP ON ISSUES THAT AFFECT THEIR BUSINESSES THROUGH NEWSLETTERS, INFORMATIONAL EMAILS, AND DIRECT MAILINGS.
THE ASSOCIATION ORGANIZES A NUMBER OF EVENTS TO HELP EDUCATE THEIR MEMBERSHIP ON ISSUES THAT AFFECT THEIR BUSINESSES. THESE EVENTS INCLUDE PRACTICE WORKSHOPS, LEGISLATIVE ROUND TABLES, MARKETING AND RETAIL-SPECIFIC WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Picard President & | Officer | 40 | $108,957 |
Amelia Arnold At-Large Exe | OfficerTrustee | 1 | $0 |
Peter Bolton Board Member | Trustee | 1 | $0 |
Craig Gorris Crx Board Member | Trustee | 1 | $0 |
Roger Diffin Board Member | Trustee | 1 | $0 |
Christina Fisher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $199,944 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $199,944 |
| Total Program Service Revenue | $65,830 |
| Investment income | $521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,323 |
| Net Gain/Loss on Asset Sales | -$125,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $114,506 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $277,503 |
| Pension plan accruals and contributions | $7,540 |
| Other employee benefits | $2,092 |
| Payroll taxes | $27,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $38,275 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,839 |
| Advertising and promotion | $0 |
| Office expenses | $2,793 |
| Information technology | $4,819 |
| Royalties | $0 |
| Occupancy | $3,647 |
| Travel | $16,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,570 |
| Insurance | $606 |
| All other expenses | $3,475 |
| Total functional expenses | $549,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,132 |
| Savings and temporary cash investments | $370,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,381 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,287 |
| Net Land, buildings, and equipment | $199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $466,074 |
| Accounts payable and accrued expenses | $18,802 |
| Grants payable | $0 |
| Deferred revenue | $3,529 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $500 |
| Total liabilities | $22,831 |
| Net assets without donor restrictions | $431,502 |
| Net assets with donor restrictions | $11,741 |
| 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 | $466,074 |