Visit Freeport FY2022 filing

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Through the annual support of our members, we market Freeport as a travel destination and promote member businesses to the people who come to Freeport and visit us online at our digital destinations.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0428597) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
49¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
49% of spending went to programs.
Pt IX · Ln 25 · col B
2.2 mo
of spending, in cash
2.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$202K
86% of total assets
Liabilities are 86% of assets.
Pt X · Ln 26
Independent board members
9
of 10 voting members
9 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$418K
+40% vs prior year
Spent
$439K
To programs
49%
Net assets
$33K
By yearFY2020–FY2024
Revenue
$418K
FY2022▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$298K
FY2022$418K
FY2023$439K
FY2024$516K
Expenses
$439K
FY2022▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020$266K
FY2021$279K
FY2022$439K
FY2023$453K
FY2024$531K
Net assets
$33K
FY2022▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2020$35K
FY2021$55K
FY2022$33K
FY2023$18K
FY2024$3K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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 Jul 2014.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $216K Management & general 45% · $200K

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
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kelly Edwards’s $65K as Executive Director is at the 42nd percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2021FY2020
Kelly Edwards$65,000$61,658$49,467$53,938

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 Visit Freeport executive salaries →

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 15aNo

Programs and updates

Promote Freeport as a travel destination and market member businesses online and in person.

Questions for Visit Freeport

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2 programs · $216K · in their own filed words · FY2022
01

The organization creates, organizes, and holds events in the community of Freeport for the purpose of attracting visitors and encouraging them to enjoy the beauty and vitality of the retail community.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0428597) · Dispute this line
$172Kprogram expense
02

The organization created, designed, had printed, and distributed a Freeport Visitors Guide, which included a detailed map of the entire retail community.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0428597) · Dispute this line
$44Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$418K
Ln 12
Fees for servicesLn 2g$232K
Gifts and grantsLn 1h$186K
Money outPt IX
$439K
Ln 25
Programscol B$216K
Managementcol C$200K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$236K
LiabilitiesLn 26$202K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Fees for servicesLn 2g$232K
Total revenueLn 12$418K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Accounts receivableLn 4$142K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$236K
LiabilitiesLn 26$202K
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$132K$82K
Land, buildings, equipmentLn 10c$12K$12K
Total assetsLn 16$244K$236K
LiabilitiesLn 26$190K$202K
Net assetsLn 32$55K$33K
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 officers and key staff (Part IX, line 5)Ln 5$65K$49K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$70K$70K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$9K$9K
Payroll taxesLn 10$11K$11K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$11K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$25K$25K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$321$321
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$202K$188K$15K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$439K$216K$200K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Mar 16, 2026 $516K$531K−$15K$3K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $439K$453K−$15K$18K 990 PDF
FY2022 ViewingFiled with the IRS Feb 15, 2024 $418K$439K−$21K$33K 990 PDF
FY2021Filed with the IRS Jun 13, 2022 $298K$279K$20K$55K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $264K$266K−$3K$35K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $417,925 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $189,274$185,773
I-9 Program service revenuePrior year $108,993$232,152
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $298,267$417,925
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $120,642$155,005
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $158,118$284,338
I-18 Total expensesPrior year $278,760$439,343
I-19 Revenue less expensesPrior year $19,507−$21,418
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $417,925 across 4 lines filed
VIII-1b Membership dues$185,773
VIII-1h Total contributions, gifts and grants$185,773
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $189,852 · Unrelated business $42,300$232,152
VIII-12 Total revenueRelated to mission $189,852 · Unrelated business $42,300$417,925
Part IX · Statement of functional expenses $439,343 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 officers and key staff (Part IX, line 5)Management $49,467$65,176
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $70,347$70,347
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $8,712$8,712
IX-10 Payroll taxesManagement $10,770$10,770
IX-11a Management fees$0
IX-11b Legal feesManagement $1,895$1,895
IX-11c Accounting feesManagement $1,480$1,480
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $28,361$28,361
IX-13 Office expensesManagement $6,355$10,941
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $24,609$24,609
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $321$321
IX-23 Insurance$3,135
IX-24 Other expenses (24a–d)Programs $187,736 · Management $14,695$202,431
IX-24e All other expensesManagement $11,165$11,165
IX-25 Total functional expensesPrograms $216,097 · Management $199,816$439,343
Part X · Balance sheet $235,650 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $131,582$82,320
X-4 Accounts receivableStart of year $98,430$141,797
X-10c Land, buildings and equipment, netStart of year $11,854$11,533
X-16 Total assetsStart of year $244,285$235,650
X-17 Accounts payable and accrued expensesStart of year $3,845$9,486
X-19 Deferred revenueStart of year $185,830$192,972
X-26 Total liabilitiesStart of year $189,675$202,458
X-31 Retained earnings or endowmentStart of year $54,610$33,192
X-32 Total net assets or fund balancesStart of year $54,610$33,192
X-33 Total liabilities and net assetsStart of year $244,285$235,650
Part XI · Reconciliation of net assets $33,192 net assets at year end
XI-1 Total revenue$417,925
XI-2 Total expenses$439,343
XI-3 Revenue less expenses−$21,418
XI-4 Net assets at start of year$54,610
XI-10 Net assets at end of year$33,192

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

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