Damariscotta Region Chamber Of Commerce in Damariscotta, Maine (ME)

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Damariscotta Region Chamber Of Commerce
Employer Identification Number (EIN)222769394
Name of OrganizationDamariscotta Region Chamber Of Commerce
In Care of NameComm
Address15 Courtyard Street, Damariscotta, ME 04543
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionChamber of Commerce
Ruling Date02/1987
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$32,353
Amount of Income$89,068
Form 990 Revenue Amount$54,956


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$62,464$61,250$54,956
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$53,326$54,851$45,393
Investment income$129$55$26
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,958$2,374$850
Gross income from gaming$0$0$0
Gross income from fundraising events$5,245$4,833$4,360
Less: direct expenses from gaming and fundraising events$2,287$2,459$3,510
Gross profit/loss from sales of inventory$6,051$3,970$8,687
Gross sales of inventory, less returns and allowances$52,516$38,275$39,289
Less: cost of goods sold$46,465$34,305$30,602
Other revenue$0$0$0
Total expenses$61,531$75,722$64,697
Total net assets$13,096$-1,376$-11,117
Excess/Deficit for the year$933$-14,472$-9,741
Net assets or fund balances at beginning of year$12,163$13,096$-1,376
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$-1,376$-11,117
Balance Sheets
201120122013
Total assets$59,211$40,146$32,353
Total liabilities$46,115$41,522$43,470
Net assets or fund balances$13,096$-1,376$-11,117
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesYesYesYes
Has the organization filed a Form 990-T for the year?YesYes
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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