Hospitalitymaine
- Assets
- $673.4k
- Revenue
- $825.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Augusta, ME
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 01-0360869
Organization Overview
Hospitalitymaine is located in Augusta, ME. The organization was established in 1983. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Hospitalitymaine employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitalitymaine 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, Hospitalitymaine generated $825.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $749.9k during the year ending 12/2021. While expenses have increased by 9.4% 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
TO IMPROVE, PROMOTE, PROTECT AND EDUCATE THE LODGING, RESTAURANT AND HOSPITALITY INDUSTRIES IN MAINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LODGING GUIDE - PRINT PUBLICATION LISTING ALL MEMBERS, AND OVER 100,000 DISTRIBUTED TO VISITOR CENTERS, CVBS, AND ON REQUEST TO VISITORS
HOSPITALITY SUMMIT/ANNUAL MEETING - THE ANNUAL MEETING IS REQUIRED BY THE BYLAWS. THE SUMMIT IS AN OPPORTUNITY TO BRING EVERYONE TOGETHER TO NETWORK, AND FULFILL OUR COMMUNICATION AND EDUCATION MISSION.
MEMBER SERVICES - PROMOTING MEMBERSHIP AND ANSWERING QUESTIONS FROM MEMBERS IN REGARDS TO OPERATING THEIR BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Lewis Ceo/board Se | Officer | 40 | $93,261 |
Michelle Corry At Large | OfficerTrustee | 0.3 | $0 |
Matthew Levin Chairman | OfficerTrustee | 0.3 | $0 |
Steve Dimillo Past Chair | OfficerTrustee | 0.3 | $0 |
Chip Gray At Large | OfficerTrustee | 0.3 | $0 |
Tina Hewett Gordon Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $314,613 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $179,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $548,637 |
| Total Program Service Revenue | $206,649 |
| Investment income | $3,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,106 |
| Net Income from Fundraising Events | $16,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $824,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $93,261 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,149 |
| Pension plan accruals and contributions | $19,617 |
| Other employee benefits | $24,916 |
| Payroll taxes | $31,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,543 |
| Fees for services: Other | $0 |
| Advertising and promotion | $93,348 |
| Office expenses | $15,534 |
| Information technology | $14,134 |
| Royalties | $0 |
| Occupancy | $26,849 |
| Travel | $9,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,226 |
| Insurance | $5,680 |
| All other expenses | $35,213 |
| Total functional expenses | $749,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,900 |
| Savings and temporary cash investments | $115,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,936 |
| 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 | $605 |
| Net Land, buildings, and equipment | $35,997 |
| Investments—publicly traded securities | $323,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,998 |
| Other assets | $0 |
| Total assets | $673,443 |
| Accounts payable and accrued expenses | $74,830 |
| Grants payable | $0 |
| Deferred revenue | $142,127 |
| 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 | $216,957 |
| Net assets without donor restrictions | $456,486 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $673,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Hooksett, NH | $1,906,150 | $965,768 |
Hospitalitymaine Augusta, ME | $673,443 | $824,980 |
Retail Association Of Maine Augusta, ME | $616,381 | $534,767 |
Maine Real Estate Development Assn Portland, ME | $350,883 | $392,302 |
New Hampshire Society Of Certified Public Accountants Manchester, NH | $614,780 | $417,024 |
Vermont Truck & Bus Association Inc Concord, NH | $189,743 | $317,441 |
New Hampshire Retail Association Bow, NH | $378,268 | $340,520 |
M H H A Augusta, ME | $208,249 | $297,731 |
Maine State Chiropractors Association Lewiston, ME | $222,399 | $236,821 |
Beverage Distributors Of New Hampshire Llc Brentwood, NH | $36,365 | $192,215 |
Maine Association Of Plumbing Heating Cooling Contractors Inc Cumberland, ME | $172,241 | $0 |
Island Marina Association Alton Bay, NH | $230,285 | $0 |