Yorks Chamber of Commerce

Not tax-deductible

York, ME501(c)(6)EIN 01-0195310

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The Chamber continues to advance the civic, commercial, industrial, and agricultural interests of the towns of york, kittery, eliot and south berwick me. The Chamber sponsors various informational seminars and organizes

21¢ of each $1 spent went to programs.
Run by 4 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $49K a year · 23% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
21%
of spending
Concern: 21% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$546K
168% of total assets
Concern: liabilities are 168% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286K
+69% vs prior year
Spent
$283K
To programs
21%
Net assets
−$222K
By yearFY2020–FY2024
Revenue
$286K
FY2024▲ +69%
Revenue by fiscal year
FY2020$197K
FY2021$228K
FY2022$180K
FY2023$169K
FY2024$286K
Expenses
$283K
FY2024▼ -1%
Expenses by fiscal year
FY2020$215K
FY2021$228K
FY2022$292K
FY2023$287K
FY2024$283K
Net assets
−$222K
FY2024▲ +40%
Net assets by fiscal year
FY2020−$223K
FY2021−$207K
FY2022−$215K
FY2023−$371K
FY2024−$222K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

21 cents of each dollar spent went to programs.

Program services 21% · $60K Management & general 79% · $223K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2021
Holly Roberts$75,000$75,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Yorks Chamber of Commerce executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes local business and community interests through seminars and events.

Provided by the organization

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1 program · $60K · in their own filed words · FY2024
01

The chamber continues to advance the civic, commercial, industrial, and agricultural interests of the towns of york, kittery, eliot and south berwick me. During the past year, the chamber has sponsored various informational seminars, has organized monthly business to business meeting nights where business owners and others can meet and…

$60Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$286K
Ln 12
Gifts and grantsLn 1h$157K
Fees for servicesLn 2g$71K
Other incomeLn 4–11$58K
Money outPt IX
$283K
Ln 25
Programscol B$60K
Managementcol C$223K
Owns and owesPt X
−$222K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$325K
LiabilitiesLn 26$546K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$157K
Government grantsLn 1e$17K
Fees for servicesLn 2g$71K
Investment incomeLn 3$12
Other incomeLn 4–11$58K
Total revenueLn 12$286K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$262K
Total assetsLn 16$325K
LiabilitiesLn 26$546K
Net assetsLn 32−$222K
OperationsPt I, VI
EmployeesI 56
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$70K$54K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$249K$262K
Total assetsLn 16$323K$325K
LiabilitiesLn 26$694K$546K
Net assetsLn 32−$371K−$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$75K$75K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$50K$50K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$22K$22K
Payroll taxesLn 10$10K$4K$6K
Management feesLn 11a$0
Legal feesLn 11b$70$70
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$43K$43K
Office expensesLn 13$6K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$9K$9K
TravelLn 17$829$829
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$23K$23K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$6K$6K$555
Total functional expensesLn 25$283K$60K$223K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $286K$283K$3K−$222K 990 PDF
FY2023 $169K$287K−$118K−$371K 990 PDF
FY2022 $180K$292K−$112K−$215K 990 PDF
FY2021 $228K$228K$281−$207K 990 PDF
FY2020 $197K$215K−$18K−$223K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $286,098 across 9 lines filed
VIII-1b Membership dues$131,044
VIII-1e Government grants$17,292
VIII-1f All other contributions, gifts and grants$9,136
VIII-1h Total contributions, gifts and grants$157,472
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$70,867
VIII-3 Investment income$12
VIII-8 Net income from fundraising events$56,503
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$1,244
VIII-12 Total revenue$286,098
Part IX · Statement of functional expenses $282,991 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $75,000$75,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $49,836$49,836
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $21,904$21,904
IX-10 Payroll taxesPrograms $4,133 · Management $6,219$10,352
IX-11a Management fees$0
IX-11b Legal feesManagement $70$70
IX-11c Accounting feesManagement $3,165$3,165
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $42,698$42,698
IX-13 Office expensesManagement $5,617$5,617
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $8,858$8,858
IX-17 TravelManagement $829$829
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $23,352$23,352
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $12,331$12,331
IX-23 InsuranceManagement $6,965$6,965
IX-24 Other expenses (24a–d)Management $15,615$15,615
IX-24e All other expensesPrograms $5,844 · Management $555$6,399
IX-25 Total functional expensesPrograms $59,813 · Management $223,178$282,991
Part X · Balance sheet $324,520 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $69,863$53,903
X-4 Accounts receivable−$453
X-8 Inventories for sale or useStart of year $1,554$1,554
X-10c Land, buildings and equipment, netStart of year $248,703$262,467
X-12 Other securities$3,992
X-14 Intangible assetsStart of year $3,214$3,057
X-16 Total assetsStart of year $323,334$324,520
X-17 Accounts payable and accrued expensesStart of year $1,359−$336
X-25 Other liabilities$2,211
X-26 Total liabilitiesStart of year $694,196$546,463
X-27 Net assets without donor restrictionsStart of year −$412,419−$263,500
X-28 Net assets with donor restrictionsStart of year $41,557$41,557
X-32 Total net assets or fund balancesStart of year −$370,862−$221,943
X-33 Total liabilities and net assetsStart of year $323,334$324,520
Part XI · Reconciliation of net assets −$221,943 net assets at year end
XI-1 Total revenue$286,098
XI-2 Total expenses$282,991
XI-3 Revenue less expenses$3,107
XI-4 Net assets at start of year−$370,862
XI-5 Net unrealized gains (losses) on investments−$3,992
XI-8 Prior period adjustments$149,804
XI-10 Net assets at end of year−$221,943

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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