Gorham Business Exchange
- Assets
- $2.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gorham, ME
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 01-0488013
Organization Overview
Gorham Business Exchange is located in Gorham, ME. The organization was established in 2008. 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 the central organization for a national or regional group of organizations. Gorham Business Exchange is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Gorham Business Exchange generated $8.8k 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 (43.8%) each year. All expenses for the organization totaled $17.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE GORHAM BUSINESS EXCHANGE HELPS IN THE GROWTH AND DEVELOPMENT OF EXISTINGAND NEW BUSINESSES IN THE GORHAM COMMUNITY.EVENTS INCLUDE MONTHLY FORUMSFOR MEMBERS, ANNUAL MARKETPLACE EVENT AND A BUSINESS DIRECTORY OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ethan Johnson President | 2 | $0 | |
Suzie Phillips Vice President | 2 | $0 | |
Joan Hopkins Secretary | 2 | $0 | |
Patricia Kenney Treasurer | 4 | $0 | |
John Sawyer ESQ Clerk | 2 | $0 | |
Bill Benson Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,422 |
| Total Program Service Revenue | $6,149 |
| Membership dues | $276 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,847 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,449 |
| Total expenses | $17,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,202 |
| Other assets | $0 |
| Total assets | $2,202 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,202 |