Caribou Economic Growth Council

Organization Overview

Caribou Economic Growth Council is located in Caribou, ME. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caribou Economic Growth Council 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, Caribou Economic Growth Council generated $31.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.7%) each year. All expenses for the organization totaled $25.3k during the year ending 12/2021. 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 PROMOTE AND DEVELOP THE CITY OF CARIBOU

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE AND DEVELOP THE CITY OF CARIBOU, WORKING TO DEVELOP THE FINANCIAL, COMMERCIAL, AND GENERAL PROSPERITY AND WELFARE OF THE GREATER CARIBOU AREA


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Board, Officers & Key Employees

Name (title)Compensation
Lydia Kieffer
Secretary
$0
Karen Ouellette
President
$0
Craig Staples
Treasurer
$0
John Swanberg
Vice Preside
$0
John Morrill
Director
$0
Penny Thompson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$49
Investment income $31,249
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$8,640
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,302

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