Hospitalitymaine

Organization Overview

Hospitalitymaine is located in Augusta, ME. The organization was established in 1983. 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 12/2021, Hospitalitymaine employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitalitymaine 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, Hospitalitymaine generated $825.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $749.9k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE, PROMOTE, PROTECT AND EDUCATE THE LODGING, RESTAURANT AND HOSPITALITY INDUSTRIES IN MAINE

Describe the Organization's Program Activity:

Part 3 - Line 4a

LODGING GUIDE - PRINT PUBLICATION LISTING ALL MEMBERS, AND OVER 100,000 DISTRIBUTED TO VISITOR CENTERS, CVBS, AND ON REQUEST TO VISITORS


HOSPITALITY SUMMIT/ANNUAL MEETING - THE ANNUAL MEETING IS REQUIRED BY THE BYLAWS. THE SUMMIT IS AN OPPORTUNITY TO BRING EVERYONE TOGETHER TO NETWORK, AND FULFILL OUR COMMUNICATION AND EDUCATION MISSION.


MEMBER SERVICES - PROMOTING MEMBERSHIP AND ANSWERING QUESTIONS FROM MEMBERS IN REGARDS TO OPERATING THEIR BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Lewis
Ceo/board Se
$93,261
Michelle Corry
At Large
$0
Steve Dimillo
Past Chair
$0
Chip Gray
At Large
$0
Tina Hewett Gordon
Treasurer
$0
Matthew Levin
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$314,613
Fundraising events$0
Related organizations$0
Government grants $179,718
All other contributions, gifts, grants, and similar amounts not included above$54,306
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$548,637
Total Program Service Revenue$206,649
Investment income $3,745
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,106
Net Income from Fundraising Events $16,799
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $824,980

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