Mid-Maine Chamber Of Commerce is located in Waterville, ME. The organization was established in 1982. 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 12/2021, Mid-Maine Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Maine 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 12/2021, Mid-Maine Chamber Of Commerce generated $783.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $756.5k during the year ending 12/2021. While expenses have increased by 6.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER OF COMMERCE WITH PROGRAM SERVICES THAT CONSIST OF VARIOUS ACTIVITIES DESIGNED TO PROMOTE THE MID-MAINE AREA, THEREBY INCREASING THE POTENTIAL MARKET FOR AREA BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES CONSIST OF VARIOUS ACTIVITIES DESIGNED TO PROMOTE THE MID-MAINE AREA, THEREBY INCREASING THE POTENTIAL MARKET FOR AREA BUSINESSES.
JOSEPH B EZHAYA SCHOLARSHIP FUND AWARDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kimberly Lindlof President An | Officer | 40 | $132,522 |
Joy Mckenna Chair | OfficerTrustee | 4 | $0 |
Michelle Joler-Labbe 1st Vice Cha | OfficerTrustee | 2 | $0 |
Mike Guarino 2nd Vice Cha | OfficerTrustee | 2 | $0 |
Bruce Harrington Treasurer | OfficerTrustee | 2 | $0 |
Greg Zimba Director At | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $198,687 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $79,532 |
All other contributions, gifts, grants, and similar amounts not included above | $29,699 |
Noncash contributions included in lines 1a–1f | $29,699 |
Total Revenue from Contributions, Gifts, Grants & Similar | $307,918 |
Total Program Service Revenue | $353,622 |
Investment income | $33,631 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $324 |
Net Gain/Loss on Asset Sales | $203 |
Net Income from Fundraising Events | $88,109 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $783,807 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,250 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $165,842 |
Compensation of current officers, directors, key employees. | $165,842 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $350,162 |
Pension plan accruals and contributions | $8,256 |
Other employee benefits | $2,457 |
Payroll taxes | $40,397 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,761 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,224 |
Fees for services: Other | $5,250 |
Advertising and promotion | $2,500 |
Office expenses | $15,798 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $4,058 |
Travel | $254 |
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 | $18,127 |
Insurance | $4,173 |
All other expenses | $13,652 |
Total functional expenses | $756,504 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $330 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $36,631 |
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 | $7,308 |
Net Land, buildings, and equipment | $450,802 |
Investments—publicly traded securities | $387,103 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $75,965 |
Total assets | $958,139 |
Accounts payable and accrued expenses | $12,060 |
Grants payable | $0 |
Deferred revenue | $26,461 |
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 | $28,569 |
Total liabilities | $67,090 |
Net assets without donor restrictions | $815,084 |
Net assets with donor restrictions | $75,965 |
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 | $958,139 |
Over the last fiscal year, we have identified 1 grants that Mid-Maine Chamber Of Commerce has recieved totaling $7,180.
Awarding Organization | Amount |
---|---|
President & Trustees Of Colby College Waterville, ME PURPOSE: general support | $7,180 |
Organization Name | Assets | Revenue |
---|---|---|
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
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 |