Form 990 for tax year 2022
Filed by LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE.
Totals
- Total revenue
- $748,441
- Total expenses
- $810,507
- Contributions and grants received
- $125,842
- Grants paid
- $0
- Program service revenue
- $618,906
- Investment income
- $3,693
- Other revenue
- $0
- Total assets, end of year
- $1,011,664
- Total liabilities, end of year
- $472,749
- Net assets or fund balances, end of year
- $538,915
- Program services expenses (Part IX)
- $572,830
- Management and general expenses
- $218,389
- Fundraising expenses
- $19,288
- Program service expenses (Part III)
- $572,830
Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$125,842
-
2a · Program service revenue: DUES
total $304,773 · related or exempt $304,773
-
2b · Program service revenue: ADMIN FEES
total $229,229 · related or exempt $229,229
-
2c · Program service revenue: MEMBERSHIP SERVICES
total $67,668 · related or exempt $67,668
-
2d · Program service revenue: MISCELLANEOUS
total $17,236 · related or exempt $17,236
-
3 · Investment income
total $3,286 · excluded $3,286
-
7a · Gross sales of assets other than inventory
securities $5,716
-
7b · Less cost or other basis and sales expenses
securities $5,309
-
7c · Gain or loss
securities $407
-
7d · Net gain or loss
total $407 · excluded $407
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $449,751 · program services $301,333 · management and general $134,925 · fundraising $13,493
-
9 · Other employee benefits
total $35,423 · program services $23,734 · management and general $10,627 · fundraising $1,062
-
10 · Payroll taxes
total $40,195 · program services $26,931 · management and general $12,059 · fundraising $1,205
-
11c · Fees: accounting
total $24,675 · management and general $24,675
-
11f · Fees: investment management
total $842 · management and general $842
-
12 · Advertising and promotion
total $23,061 · program services $23,061
-
13 · Office expenses
total $40,490 · program services $27,128 · management and general $12,146 · fundraising $1,216
-
16 · Occupancy
total $31,283 · program services $20,960 · management and general $9,384 · fundraising $939
-
17 · Travel
total $76 · program services $51 · management and general $23 · fundraising $2
-
20 · Interest
total $11,392 · program services $7,633 · management and general $3,418 · fundraising $341
-
22 · Depreciation, depletion and amortization
total $22,158 · program services $14,846 · management and general $6,647 · fundraising $665
-
23 · Insurance
total $4,906 · program services $3,287 · management and general $1,472 · fundraising $147
-
24a · Other expenses: MEMBERSHIP SERVICES
total $80,621 · program services $80,621
-
24b · Other expenses: BILLED/NON-RENEWED MEMB
total $36,947 · program services $36,947
-
24c · Other expenses: MISCELLANEOUS
total $4,788 · program services $3,208 · management and general $1,436 · fundraising $144
-
24d · Other expenses: PAYROLL PROCESSING FEES
total $1,488 · program services $997 · management and general $446 · fundraising $45
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24e · All other expenses
total $2,411 · program services $2,093 · management and general $289 · fundraising $29
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $124,911 · end of year $95,747
-
2 · Savings and temporary cash investments
beginning of year $309,250 · end of year $291,638
-
4 · Accounts receivable
beginning of year $25,008 · end of year $42,824
-
6 · Loans and receivables from disqualified persons
beginning of year $2,198 · end of year $29,422
-
9 · Prepaid expenses and deferred charges
beginning of year $2,770
-
10a · Land, buildings and equipment: cost or other basis
$631,198
-
10b · Land, buildings and equipment: accumulated depreciation
$209,469
-
10c · Land, buildings and equipment, net
beginning of year $438,887 · end of year $421,729
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11 · Investments: publicly traded securities
beginning of year $149,903 · end of year $122,804
-
14 · Intangible assets
beginning of year $12,500 · end of year $7,500
-
15 · Other assets
beginning of year $8,651
-
17 · Accounts payable and accrued expenses
beginning of year $37,266 · end of year $67,754
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19 · Deferred revenue
beginning of year $98,626 · end of year $105,035
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23 · Secured mortgages and notes payable
beginning of year $306,010 · end of year $299,960
-
25 · Other liabilities
beginning of year $3,353 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $628,823 · end of year $538,915
Mission and programs · 2022
Mission
THE CHAMBER IS AN INDEPENDENT, MEMBER-SUPPORTED ORGANIZATION, WHICH EXISTS TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT THAT CONTRIBUTES TO THE COMMUNITY AMD ECONOMIC VITALITY OF THE ANDROSCOGGIN COUNTY REGION.THROUGH NETWORKING EVENTS, PROFESSIONAL DEVELOPMENT OPPORUNITIES, EDUCATIONAL SCHOLARSHIPS, AND PRACTICAL RESOURCES, WE HELP PROFESSIONALS ADVANCE AND BUSINESSES OF ALL SIZES GROW. OUR MEMBERSHIP, REPRESENTING MORE THAN 950 AREA BUSINESSES, IS THE LARGEST OF ITS KIND IN MAINE. THE STRENGTH IN OUR NUMBERS ALLOWS THE LA METRO CHAMBER TO PROVIDE A COLLECTIVE VOICE, ADVOCATING FOR ISSUES, INFLUENCING IDEAS, AND FACILITATING CONVERSATIONS IN SUPPORT OF BUSINESS, COMMERCE AND COMMUNITY.
Activities or mission (Part I)
THE LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE IS AN ORGANIZATION OF COMMUNITY-MINDED BUSINESSES THAT SERVES THE GREATER LEWISTON AUBURN METROPOLITAN AREA AND BEYOND. AN ENGINE FOR ECONOMIC VITALITY AND ENHANCED QUALITY OF LIFE, WE CHALLENGE BUSINESS AND COMMUNITY TO BUILD, LEAD AND THRIVE.
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THE CHAMBER'S MISSION IS ACCOMPLISHED THROUGH BUSINESS ADVOCACY, MEMBER SUPPORT SERVICES, REGIONAL DEVELOPMENT AND BUSINESS EDUCATION PARTNERSHIPS.
Expenses $572,830
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shanna CoxSHANNA COX
PRESIDENT
- Total calculated
- $113,737
- From this org
- $106,255
- From related orgs
- $0
- Other
- $7,482
- Hours/week
- 40
-
Jessica DonovanJESSICA DONOVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jon LevesqueJON LEVESQUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cyndi RobbinsCYNDI ROBBINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rich VeilleuxRICH VEILLEUX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rachel McKinleyRACHEL MCKINLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John RiceJOHN RICE
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Kevin SimoneauKEVIN SIMONEAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ray DebloisRAY DEBLOIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle HawleyMICHELLE HAWLEY
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 4
-
Tom PerkinsTOM PERKINS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Elaine St PierreELAINE ST PIERRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul AndersonPAUL ANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew ShawMATTHEW SHAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris RugulliesCHRIS RUGULLIES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve LittlesonSTEVE LITTLESON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark AdamsMARK ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sophia BaileySOPHIA BAILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alyson DanielsALYSON DANIELS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elise JohansenELISE JOHANSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gael KarombaGAEL KAROMBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Betsy SibleyBETSY SIBLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
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LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE FOUNDATION
501(c)(3) · MANAGE FUNDS TO BE UTILIZED FOR SCHOLARSHIPS · ME
Directly controlled by LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE
-
LEWISTON-AUBURN ECONOMIC GROWTH COUNCIL
501(c)(6) · PROMOTE BUSINESS DEVELOPMENT · ME · controlled entity
Directly controlled by LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349307341
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