Kennebunk Kennebunkport Chamber Of Commerce
- Assets
- $537.5k
- Revenue
- $463.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Kennebunk, ME
- Founding
- 01/1991
- Data as of
- 09/2021
- EIN
- 01-0265292
Organization Overview
Kennebunk Kennebunkport Chamber Of Commerce is located in Kennebunk, ME. The organization was established in 1991. 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. As of 09/2021, Kennebunk Kennebunkport Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebunk Kennebunkport 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 09/2021, Kennebunk Kennebunkport Chamber Of Commerce generated $463.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $342.0k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TOURISM AND ECONOMIC SUCCESS OF COMMUNITY BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURISM: PROMOTE LOCAL AREA BUSINESSES & ECONOMIC DEVELOPMENT PRIMARILY THROUGH REPRESENTATION OF BUSINESSES AT TRADE AND TRAVEL SHOWS AND PARTICIPATION IN MAINE MARKETING PROGRAMS THAT INCREASE LOCAL TOURISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Spurling Chairman | Trustee | 3 | $0 |
Bridget Lee Trustee | Trustee | 2 | $0 |
Mark Ross Treasurer | Trustee | 3 | $0 |
Maureen Digiovanni Trustee | Trustee | 2 | $0 |
Colby Marvin Bracy Trustee | Trustee | 3 | $0 |
Stacy Miller Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $173,326 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,471 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,782 |
| Total Program Service Revenue | $111,852 |
| Investment income | $57 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,495 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,186 |
| 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. | $76,626 |
| Compensation of current officers, directors, key employees. | $7,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,922 |
| Pension plan accruals and contributions | $4,897 |
| Other employee benefits | $3,766 |
| Payroll taxes | $14,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,546 |
| Advertising and promotion | $0 |
| Office expenses | $3,034 |
| Information technology | $14,408 |
| Royalties | $0 |
| Occupancy | $27,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,880 |
| Insurance | $8,145 |
| All other expenses | $8,732 |
| Total functional expenses | $341,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,853 |
| 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 | $0 |
| Net Land, buildings, and equipment | $327,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,225 |
| Other assets | $0 |
| Total assets | $537,534 |
| Accounts payable and accrued expenses | $8,900 |
| Grants payable | $0 |
| Deferred revenue | $9,000 |
| 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 | $326,661 |
| Unsecured mortgages and notes payable | -$247 |
| Other liabilities | $6,141 |
| Total liabilities | $350,455 |
| Net assets without donor restrictions | $187,079 |
| Net assets with donor restrictions | $0 |
| 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 | $537,534 |
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 |