Ogunguit Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $980.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Ogunquit, ME
- Founding
- 11/1999
- Data as of
- 10/2023
- 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 10/2023, Ogunguit Chamber Of Commerce employed 5 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 10/2023, Ogunguit Chamber Of Commerce generated $980.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $365.9k during the year ending 10/2023. 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
2023
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 OGUNQUIT CHAMBER PRODUCES AND DISTRIBUTES A VISITOR'S GUIDE, A MAP OF THE OGUNQUIT AREA, AND A DINING GUIDE. THE GUIDE OFFERS SUGGESTIONS ON WHAT TO SEE AND DO, AND WHERE TO DINE, SHOP AND STAY IN THE LOCAL AREA. THE GUIDE AND MAP ARE DISTRIBUTED AT THE OGUNQUIT CHAMBER WELCOME CENTER, BY MAIL BY REQUEST, AND AT MEMBER BUSINESSES AND AT MUNICIPAL PARKING LOTS. WE PRINT 25,000 COPIES OF THE VISITOR'S GUIDE AND 20,000 COPIES OF THE MAP. DIGITAL COPIES ARE AVAILABLE FOR DOWNLOAD ON OGUNQUIT.ORG. THE CHAMBER RAISES FUNDS FROM MEMBER BUSINESSES FOR THE COMMUNITY'S RENOWNED ANNUAL FOURTH OF JULY FIREWORKS SHOW. IN ADDITION TO HOSTING THE FIREWORKS SHOW, THE CHAMBER PRODUCES FOUR OTHER FESTIVALS TO HELP BRING GUESTS TO THE COMMUNITY DURING THE "SHOULDER SEASON": BONAIRE, CHRISTMAS BY THE SEA, OGUNQUITFEST AND PRIDE. BONAIRE IS AN ALL-DAY MUSIC FESTIVAL HELD ON AN OCEANFRONT STAGE, FEATURING LOCAL ARTISTS AND A HEADLINE BAND; IT IS SUPPORTED WITH ADDITIONAL ACTIVITIES THROUGHOUT TOWN. CHRISTMAS BY THE SEA, NOW IN ITS 37TH YEAR, BRINGS THOUSANDS OF GUESTS TO TOWN FOR THE ANNUAL PARADE, TREE LIGHTINGS, AND BONFIRE & FIREWORKS DISPLAY. OGUNQUITFEST ALSO BRINGS THOUSANDS OF GUESTS TO TOWN, AND CELEBRATES THE HARVEST SEASON WITH A CLASSIC CAR SHOW, ARTISAN CRAFT FAIR, AND HALLOWEEN-THEMED ACTIVITIES. PRIDE IS A RELATIVELY-NEW EVENT, NOW IN ITS THIRD YEAR, AND JOYFULLY SALUTES THE LEGACY OF THE LGBTQ+ COMMUNITY IN OGUNQUIT, WITH A PRIDE FLAG RAISING, COMMUNITY PICNIC, AND MUSIC.
OPERATING EXPENSES INCCURRED IN OPERATING THE CHAMBER FOR THE FISCAL YEAR AS LISTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Pearce Executive Di | Trustee | 40 | $86,289 |
Christina Chadbourne Director | Trustee | 1 | $0 |
Brian Crawford Chair | OfficerTrustee | 1 | $0 |
Maddie Dignam Vice Chair | OfficerTrustee | 1 | $0 |
Paul Humphrey Director | Trustee | 1 | $0 |
Katie Keene Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,966 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,296 |
| Total Program Service Revenue | $160,420 |
| Investment income | $27,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $623,552 |
| Net Income from Fundraising Events | $44,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $980,197 |
| 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 | $168,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,224 |
| Payroll taxes | $14,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305 |
| Fees for services: Accounting | $6,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $579 |
| Advertising and promotion | $36,040 |
| Office expenses | $30,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,012 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,845 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,171 |
| Insurance | $1,710 |
| All other expenses | $0 |
| Total functional expenses | $365,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,499 |
| Savings and temporary cash investments | $709,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,263 |
| Net Land, buildings, and equipment | $7,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $1,443,093 |
| Accounts payable and accrued expenses | $5,559 |
| Grants payable | $0 |
| Deferred revenue | $280,964 |
| 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 | $9,735 |
| Total liabilities | $296,258 |
| Net assets without donor restrictions | $1,146,835 |
| 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 | $1,443,093 |