Franklin County Chamber Of Commerce
- Assets
- $51.7k
- Revenue
- $83.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Farmington, ME
- Founding
- 06/1998
- Data as of
- 09/2020
- EIN
- 01-0451396
Organization Overview
Franklin County Chamber Of Commerce is located in Farmington, ME. The organization was established in 1998. 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 09/2020, Franklin County Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County 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 09/2020, Franklin County Chamber Of Commerce generated $83.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $86.3k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE MEMBERS LOCAL ECONOMIC GROWTH AND TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANKLIN COUNTY CHAMBER OF COMMERCE IS AN ORGANIZATION THAT PROMOTES AND SUPPORTS ITS MEMBERS VISION, THE CHAMBER ENVISONS A STRONG AND VIBRANT BUSINESS ENVIRONMENT FOR THE PROSPERITY OF OUR MEMBERS AND THE COMMUNITY
THE FRANKLIN COUNTY CHAMBER OF COMMERCE IS AN ORGANIZATION THAT PROMOTES AND SUPPORTS ITS MEMBERS VISION, THE CHAMBER ENVISONS A STRONG AND VIBRANT BUSINESS ENVIRONMENT FOR THE PROSPERITY OF OUR MEMBERS AND THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Leclair President | OfficerTrustee | 4 | $0 |
Pam Dixon Treasurer | OfficerTrustee | 4 | $0 |
Robert Berry Vice President | OfficerTrustee | 4 | $0 |
Heidi Elliott Secretary | OfficerTrustee | 4 | $0 |
Shannon Smith Membership Chair | OfficerTrustee | 4 | $0 |
Mike Blanchet Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,079 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,343 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,422 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $36,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $462 |
| Payroll taxes | $12,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,202 |
| Advertising and promotion | $11,095 |
| Office expenses | $2,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,448 |
| Travel | $1,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $86,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51 |
| Savings and temporary cash investments | $51,783 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$108 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,726 |
| Accounts payable and accrued expenses | $30 |
| Grants payable | $0 |
| Deferred revenue | $614 |
| 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 | $644 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $51,082 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Greater Manchester Chamber Of Commerce Manchester, NH | $764,279 | $1,070,211 |
Hampton Beach Area Chamber Of Commerce Hampton, NH | $686,290 | $1,006,773 |
Greater Concord Chamber Of Commerce Concord, NH | $655,907 | $665,660 |