Ogunguit Chamber Of Commerce
- Assets
- $835.7k
- Revenue
- $384.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Ogunquit, ME
- Founding
- 11/1999
- Data as of
- 10/2021
- EIN
- 01-0348709
Organization Overview
Ogunguit Chamber Of Commerce is located in Ogunquit, ME. The organization was established in 1999. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 10/2021, Ogunguit Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ogunguit 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 10/2021, Ogunguit Chamber Of Commerce generated $384.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $331.8k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. 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
THE CHAMBER OF COMMERCE FOSTERS AND PROMOTES BUSINESS, ENHANCES THE ECONOMY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OF COMMERCE PRODUCES AND DISTRIBUTES A VISITOR'S GUIDE AND A MAP OF THE OGUNQUIT AREA. THEY ARE FREE TO VISITORS AND MAILED OUT IN RESPONSE TO INTERNET AND TELEPHONE REQUESTS. THE GUIDE OFFERS SUGGESTIONS ON WHAT TO SEE AND DO AND WHERE TO DINE, SHOP, AND STAY IN THE LOCAL AREA. INFORMATION SUCH AS BIKING RULES AND WALKING PATHS IS ALSO INCLUDED. THE MAP IS DISTRIBUTED BY MEMBER BUSINESSES AND AT MUNICIPAL PARKING LOTS. APPROXIMATELY 35,000 GUIDEBOOKS AND 25,000 MAPS ARE PRODUCED EACH YEAR. CHRISTMAS BY THE SEA IS A TOWN-WIDE EVENT CREATED TO DRAW BUSINESS TO OGUNQUIT DURING THE TRADITIONALLY SLOW SEASON. THE EVENT BRINGS THOUSANDS OF PEOPLE TO TOWN IN DECEMBER. THE EVENT WAS FIRST HELD IN THE LATE 1980S. THE PATRIOTS DAY EVENT SIGNIFIES THE UNOFFICIAL START OF THE ANNUAL TOURIST SEASON. THE EVENT HAS A PATRIOTIC THEME AND DRAWS SEVERAL THOUSAND VISITORS TO OUR TOWN. DOWNEAST MAGAZINE NAMED THE EVENT "THE BEST DISPLAY OF PATRIOTISM" IN THE STATE OF MAINE. MANY RESIDENTS PARTICIPATE IN THE EVENT BY DRESSING IN COSTUME WHICH SERVES TO ENHANCE THE RELATIONSHIP BETWEEN THE RESIDENT POPULATION AND BUSINESS OWNERS OF OGUNQUIT. THE EVENT WAS FIRST HELD IN 1990. OGUNQUITFEST IS OUR ANNUAL EVENT HELD AT THE END OF OCTOBER. IT DRAWS RESIDENTS AND VISITORS INTO TOWN FOR THE FALL SEASON. ACTIVITIES INCLUDE FAMILY ENTERTAINMENT, GHOSTLY TOURS AND PUMPKIN DECORATING.
OPERATING EXPENSES INCCURRED IN OPERATING THE CHAMBER FOR THE FISCAL YEAR AS LISTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Pearce Executive Di | Trustee | 40 | $76,250 |
Carole Aaron Secretary | OfficerTrustee | 1 | $0 |
Brian Crawford Vice Chair | OfficerTrustee | 1 | $0 |
David Nosnik Treasurer | OfficerTrustee | 1 | $0 |
Scott Vogel Chair | OfficerTrustee | 1 | $0 |
Kerry Ellen Enright Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,127 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,528 |
| 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 | $200,655 |
| Total Program Service Revenue | $156,607 |
| Investment income | $557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,833 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,370 |
| Payroll taxes | $14,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $4,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,169 |
| Advertising and promotion | $42,015 |
| Office expenses | $32,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,843 |
| Insurance | $2,938 |
| All other expenses | $0 |
| Total functional expenses | $331,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,831 |
| Savings and temporary cash investments | $327,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,900 |
| 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 | $22,590 |
| Net Land, buildings, and equipment | $292,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $835,676 |
| Accounts payable and accrued expenses | $947 |
| Grants payable | $0 |
| Deferred revenue | $280,864 |
| 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 | $62,097 |
| Total liabilities | $343,908 |
| Net assets without donor restrictions | $491,768 |
| 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 | $835,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Development Corporation Bangor, ME | $11,518,769 | $64,676,194 |
Northern Maine Development Commission Inc Caribou, ME | $20,810,299 | $32,269,814 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Maine Development Foundation Hallowell, ME | $970,799 | $2,681,444 |
Maine Tourism Association Hallowell, ME | $2,552,212 | $2,806,092 |
Maine Manufacturing Extension Partnership Augusta, ME | $1,279,245 | $1,939,009 |
Rockingham Economic Development Corporation Raymond, NH | $17,369,754 | $4,323,565 |
Kennebec Valley Council Of Governments Fairfield, ME | $3,745,709 | $1,561,553 |
Main Street Skowhegan Skowhegan, ME | $357,285 | $771,437 |
Convention Visitors Bureau Of Greater Portland Portland, ME | $563,151 | $741,115 |
Walpole Foundation Walpole, NH | $9,906,634 | $599,898 |
New Hampshire Lodging And Resturant Association Concord, NH | $788,383 | $690,976 |