Yorks Chamber of Commerce FY2022 filing

Not tax-deductible

York, ME501(c)(6)EIN 01-0195310Revenue $180K in FY2022

On file with the IRSgatewaytomaine.org1 Stonewall Ln, 03909-1662 · York, METax-exempt since Jun 1993

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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

20¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$572K
160% of total assets
Concern: liabilities are 160% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180K
-21% vs prior year
Spent
$292K
To programs
20%
Net assets
−$215K
By yearFY2020–FY2024
Revenue
$180K
FY2022▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$197K
FY2021$228K
FY2022$180K
FY2023$169K
FY2024$286K
Expenses
$292K
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$215K
FY2021$228K
FY2022$292K
FY2023$287K
FY2024$283K
Net assets
−$215K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$223K
FY2021−$207K
FY2022−$215K
FY2023−$371K
FY2024−$222K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

20 cents of each dollar spent went to programs.

Program services 20% · $59K Management & general 80% · $233K

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

12 people listed on the 990.

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

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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.

Questions for Yorks Chamber of Commerce

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Provided by the organization

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1 program · in their own filed words · FY2022
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…

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$180K
Ln 12
Gifts and grantsLn 1h$62K
Other incomeLn 4–11$59K
Fees for servicesLn 2g$59K
Money outPt IX
$292K
Ln 25
Programscol B$59K
Managementcol C$233K
Owns and owesPt X
−$215K
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$357K
LiabilitiesLn 26$572K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fees for servicesLn 2g$59K
Investment incomeLn 3$39
Other incomeLn 4–11$59K
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Land, buildings, equipmentLn 10c$260K
Total assetsLn 16$357K
LiabilitiesLn 26$572K
Net assetsLn 32−$215K
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 FY22End FY22
Cash and savingsLn 1–2$131K$92K
Land, buildings, equipmentLn 10c$272K$260K
Total assetsLn 16$408K$357K
LiabilitiesLn 26$615K$572K
Net assetsLn 32−$207K−$215K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$3K$3K
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$123K$48K$75K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$22K$22K
Payroll taxesLn 10$10K$4K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$35K$35K
Office expensesLn 13$10K$10K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$12K$12K
TravelLn 17$819$819
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$20K$20K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$33K$33K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$292K$59K$233K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $286K$283K$3K−$222K 990 PDF
FY2023 $169K$287K−$118K−$371K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $180,220 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $93,041$62,016
I-9 Program service revenuePrior year $89,242$59,061
I-10 Investment incomePrior year $87$39
I-11 Other revenuePrior year $45,590$59,104
I-12 Total revenuePrior year $227,960$180,220
I-13 Grants and similar amounts paidPrior year $1,000$3,248
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $126,954$155,134
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,725$133,947
I-18 Total expensesPrior year $227,679$292,329
I-19 Revenue less expensesPrior year $281−$112,109
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $180,220 across 7 lines filed
VIII-1b Membership dues$55,559
VIII-1f All other contributions, gifts and grants$6,457
VIII-1h Total contributions, gifts and grants$62,016
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$59,061
VIII-3 Investment income$39
VIII-8 Net income from fundraising events$59,104
VIII-12 Total revenue$180,220
Part IX · Statement of functional expenses $292,329 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $3,248$3,248
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 staffPrograms $47,932 · Management $75,000$122,932
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $22,316$22,316
IX-10 Payroll taxesPrograms $3,857 · Management $6,029$9,886
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,160$3,160
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $34,694$34,694
IX-13 Office expensesManagement $9,708$9,708
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $11,516$11,516
IX-17 TravelManagement $819$819
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $19,928$19,928
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $11,859$11,859
IX-23 InsuranceManagement $5,327$5,327
IX-24 Other expenses (24a–d)Management $33,032$33,032
IX-24e All other expensesPrograms $3,904$3,904
IX-25 Total functional expensesPrograms $58,941 · Management $233,388$292,329
Part X · Balance sheet $356,991 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $131,179$91,662
X-8 Inventories for sale or useStart of year $1,553$1,553
X-10c Land, buildings and equipment, netStart of year $272,107$260,405
X-14 Intangible assetsStart of year $3,528$3,371
X-16 Total assetsStart of year $408,367$356,991
X-17 Accounts payable and accrued expensesStart of year $1,070$2,382
X-19 Deferred revenueStart of year $126,279$99,383
X-26 Total liabilitiesStart of year $615,027$572,014
X-27 Net assets without donor restrictionsStart of year −$248,217−$256,580
X-28 Net assets with donor restrictionsStart of year $41,557$41,557
X-32 Total net assets or fund balancesStart of year −$206,660−$215,023
X-33 Total liabilities and net assetsStart of year $408,367$356,991
Part XI · Reconciliation of net assets −$215,023 net assets at year end
XI-1 Total revenue$180,220
XI-2 Total expenses$292,329
XI-3 Revenue less expenses−$112,109
XI-4 Net assets at start of year−$206,660
XI-8 Prior period adjustments$103,746
XI-10 Net assets at end of year−$215,023

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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