Flagstaff Area Business Association

Organization Overview

Flagstaff Area Business Association is located in Carrabassett Valley, ME. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flagstaff Area Business Association 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, Flagstaff Area Business Association generated $47.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $60.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

UPDATED AND MAINTAINED WEBSITE FOR MEMBER BUSINESSES. PRINT AND DIGITAL ADS IN PUBLICATIONS SUCH AS MAINE INVITES YOU, MAINE TOURISM CENTER, WEST COAST MAINE, THE ORIGINAL IRREGULAR, DISCOVER MAINE. ALL MEMBER BUSINESSES BENEFITED FROM THESE ADS. REPRINTED MAINE'S NORTHWESTERN MOUNTAINS HIKING MAP AND THE FLAGSTAFF VALLEY BELOW MAP. ALL TOURIST BENEFIT FROM HAVING THIS MAP.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$32,798
Total Program Service Revenue$0
Membership dues$14,287
Investment income $0
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$47,085

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