Ellsworth Area Chamber Of Commerce
- Assets
- $166.6k
- Revenue
- $419.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Ellsworth, ME
- Founding
- 02/1981
- Data as of
- 06/2022
- EIN
- 01-0371234
Organization Overview
Ellsworth Area Chamber Of Commerce is located in Ellsworth, ME. The organization was established in 1981. 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 06/2022, Ellsworth Area Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellsworth Area 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 06/2022, Ellsworth Area Chamber Of Commerce generated $419.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $390.8k during the year ending 06/2022. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO ENCOURAGE, PROMOTE AND SUPPORT THE GROWTH AND DEVELOPMENT OF COMMERCE THEREBY ENHANCING THE QUALITY OF LIFE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER PROVIDES VALUE TO ITS MEMBERS THRU EVENTS, EDUCATIONAL PROGRAMMING AND BUSINESS SUPPORT AND ECONOMIC DEVELOPMENT. THE CHAMBER'S LARGEST CITY WIDE EVENT TAKES PLACE THE FOURTH WEEKEND IN SEPTEMBER. AUTUMN GOLD DRAWS THOUSANDS OF VISITORS FROM THE REGION AND AWAY TO TAKE ADVANTAGE OF FALL IN NEW ENGLAND. SIGNATURE EVENTS INCLUDE A CAR SHOW, A CHOWDERFEST, CHOWDER TASTING ON THE WATERFRONT; FREE BOAT RIDES ON THE UNION RIVER, AND MANY MORE EVENTS, INCLUDING PRESENTATIONS, MUSIC, THEATER, CRAFT FAIRS, CHILDREN'S EVENTS AND MORE. RETAIL SALES, DINING AND LODGING ALL GO UP SIGNIFICANTLY FOR THE AREA DURING THIS WEEKEND. THE EVENT IS OVER THREE DECADES OLD AND EACH YEAR GROWS OR CHANGES TO REFLECT THE COMMUNITIES' INTERESTS. IT IS A TRUE ECONOMIC DRIVER FOR THE REGION, AS THE CHAMBER MARKETS THE EVENT HEAVILY STATEWIDE, THRU TV, RADIO, AND PRINT MEDIA.
OTHER ACTIVITIES INCLUDE CHRISTMAS IN ELLSWORTH, GUIDEBOOK, NEWSLETTER, WEBSITE, BUSINESS AFTER DARK, AND MORE.
OUR EDUCATIONAL PROGRAMS, PROVIDE OUR BUSINESSES WITH TIMELY AND IMPORTANT INFO, CLOSE TO HOME, AT SIGNIFICANTLY REDUCED COST. EVERYTHING FROM HUMAN RESOURCES, FINANCIAL, BUSINESS DEVELOPMENT AND MORE ARE OFFERED THRU THE YEAR. LEADERSHIP HANCOCK COUNTY IS ALSO A PROGRAM UNDER THE CHAMBER. IT PROVIDES INTENSIVE LEADERSHIP TRAINING TO MANAGERS, OWNERS AND UPWARDLY MOBILE PROFESSIONALS. IT ALLOWS FOR COMPANIES TO OFFER PROFESSIONAL DEVELOPMENT FOR THEIR EMPLOYEES, MAKING RETENTION STRONGER.
OUR HANCOCK COUNTY BUSINESS CONFERENCE AND TRADE SHOW, PROVIDE A TRADESHOW ONE YEAR WITH AN ALTERNATING FULL DAY BUSINESS CONFERENCE ON THE OPPOSITE YEAR. BOTH THE SHOW AND FULL DAY CONFERENCE ALLOW OUR BUSINESSES TO SHARE INFORMATION, GET EDUCATION LOCALLY, AND PROVIDE AN ECONOMIC BENEFIT TO OUR LOCAL BUSINESS ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Beal Vice Preside | OfficerTrustee | 1.15 | $0 |
Amy Boles Director | Trustee | 0.75 | $0 |
Kelly Columber Director | Trustee | 0.75 | $0 |
Kathy Cook Director | Trustee | 0.75 | $0 |
Jack Frost Director | Trustee | 0.75 | $0 |
Daron Goldstein Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $198,068 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,167 |
| Noncash contributions included in lines 1a–1f | $64,017 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,235 |
| Total Program Service Revenue | $128,578 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,121 |
| 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 | $110,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,426 |
| Payroll taxes | $11,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $20,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,243 |
| Office expenses | $22,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,227 |
| Travel | $2,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,538 |
| All other expenses | $4,660 |
| Total functional expenses | $390,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,355 |
| Savings and temporary cash investments | $114,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,426 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,588 |
| Prepaid expenses and deferred charges | $3,845 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,595 |
| Accounts payable and accrued expenses | $11,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $11,671 |
| Net assets without donor restrictions | $154,924 |
| 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 | $166,595 |