Rangeley Lakes Region Chamber Of Commerce
- Assets
- $148.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rangeley, ME
- Founding
- 04/1957
- Data as of
- 12/2021
- EIN
- 01-0237491
Organization Overview
Rangeley Lakes Region Chamber Of Commerce is located in Rangeley, ME. The organization was established in 1957. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rangeley Lakes Region Chamber Of Commerce 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, Rangeley Lakes Region Chamber Of Commerce generated $172.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $135.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
INCREASE IN VISITATION AND TOURISM SPENDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Damm Secretary | 0 | $0 | |
Margery Jamison Vice President | 4 | $0 | |
Linda Dexter Treasurer | 4 | $0 | |
Joanne Dunlap President | 4 | $0 | |
Anna Moog Director | 1 | $0 | |
Nick Leadley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,005 |
| Total Program Service Revenue | $0 |
| Membership dues | $40,796 |
| Investment income | $323 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,497 |
| Other Revenue | $57,669 |
| Total Revenue | $172,872 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,000 |
| Professional fees and other payments to independent contractors | $4,230 |
| Occupancy, rent, utilities, and maintenance | $6,883 |
| Printing, publications, postage, and shipping | $7,138 |
| Other expenses | $53,630 |
| Total expenses | $135,881 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $148,865 |
| Other assets | $0 |
| Total assets | $148,865 |
| Total liabilities | $2,658 |
| Net assets or fund balances | $146,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Maine State Chamber Of Commerce Augusta, ME | $923,733 | $2,213,591 |
Dartmouth Regional Technology Center Inc Lebanon, NH | $5,511,627 | $2,160,751 |
New England Apple Council Inc Goffstown, NH | $795,628 | $1,773,754 |
Maine Oil Dealers Association Brunswick, ME | $1,645,866 | $1,757,717 |
University Of Maine Pulp And Paper Foundation Orono, ME | $31,514,138 | $1,541,694 |
Pope Memorial Spca Of Concord Merrimack County Concord, NH | $5,304,139 | $1,435,100 |
New Hampshire Bankers Association Concord, NH | $1,878,135 | $1,082,708 |
Associated Builders And Contractors Inc Concord, NH | $1,404,762 | $1,170,910 |
Maine Automobile Dealers Association Inc Augusta, ME | $2,325,139 | $1,081,224 |