Yarmouth Chamber Of Commerce Inc
- Assets
- $205.7k
- Revenue
- $112.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Yarmouth, ME
- Founding
- 09/1978
- Data as of
- 12/2021
- EIN
- 01-0356733
Organization Overview
Yarmouth Chamber Of Commerce Inc is located in Yarmouth, ME. The organization was established in 1978. 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, Yarmouth Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yarmouth Chamber Of Commerce Inc 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, Yarmouth Chamber Of Commerce Inc generated $112.8k 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 (18.1%) each year. All expenses for the organization totaled $145.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE YARMOUTH CHAMBER OF COMMERCE PROVIDES SUPPORT TO LOCAL BUSINESSES AND COMMUNITY INCLUDING MULTIPLE PROGRAMS, ACTIVITIES, AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YARMOUTH CLAM FESTIVAL HOSTED BY THE YARMOUTH CHAMBER OF COMMERCE IS HELD ANNUALLY ON THE THIRD WEEKEND IN JULY AND INCLUDES A PARADE, ENTERTAINMENT, ART SHOW, CRAFT SHOW, FOOD CIRCLE, CARNIVAL AND OTHER ACTIVITIES. THE YARMOUTH CLAM FESTIVAL PROVIDES AN ECONOMIC STIMILUS FOR AREA BUSINESSES AND LOCAL NON-PROFIT ORGANIZATIONS. THE CLAM FESTIVAL WAS NOT HELD IN 2021 DUE TO COVID-19 RESTRICTIONS ON GATHERINGS.
YARMOUTH CHAMBER OF COMMERCE PROGRAMS THAT SUPPORT LOCAL BUSINESSES AND THE COMMUNITY INCLUDE BUSINESS AFTER HOURS, BREAKFAST AND LUNCH EVENTS, A GOLF TOURNAMENT AND A HOLIDAY PARTY. A PORTION OF FUNDS RECEIVED SUPPORT LOCAL SCHOLARSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Nardi Executive Di | Officer | 40 | $70,592 |
Amanda Schultz Brown Secretary | OfficerTrustee | 1 | $0 |
Judy Knaub Treasurer | OfficerTrustee | 1 | $0 |
Christiana Mann Vice Preside | OfficerTrustee | 1 | $0 |
Erik Tiner President | OfficerTrustee | 1 | $0 |
Bob Berwick Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,057 |
| Total Program Service Revenue | $65,364 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$17 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,028 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85 |
| Fees for services: Accounting | $4,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,092 |
| Fees for services: Other | $195 |
| Advertising and promotion | $11,424 |
| Office expenses | $27,201 |
| Information technology | $1,500 |
| Royalties | $0 |
| Occupancy | $10,137 |
| Travel | $600 |
| 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 | $473 |
| Insurance | $3,999 |
| All other expenses | $0 |
| Total functional expenses | $145,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,633 |
| Savings and temporary cash investments | $26,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,787 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $670 |
| Investments—publicly traded securities | $151,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $33,833 |
| 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 | -$70 |
| Total liabilities | $33,763 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $171,936 |
| Total liabilities and net assets/fund balances | $205,699 |
Peer Organizations
| 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 |