Civic Intelligence

Old Orchard Beach Chamber of Commerce

990 • Fiscal year 2019 • EIN 01-0212181

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

11 First StreetOld Orchard Beach, ME 04064

(207) 934-2500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.70x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

0.88x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

29th percentile

-8.3%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-7.5%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$340,587

Down $30,757 (-8.3%) from 2018

Net Assets

Down

$102,301

Down $29,983 (-23%) from 2018

Liabilities

Down

$238,286

Down $774 (-0.3%) from 2018

Revenue

Down

$270,807

Down $21,896 (-7.5%) from 2018

Expenses

Up

$300,790

Up $3,777 (+1.3%) from 2018

Net Income

Down

-$29,983

Down $25,673 (-596%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2009: $374,312Liabilities 2009: $220,933Net Assets 2009: $153,3792009Assets 2010: $366,838Liabilities 2010: $208,616Net Assets 2010: $158,2222010Assets 2011: $345,869Liabilities 2011: $221,028Net Assets 2011: $124,8412011Assets 2012: $325,637Liabilities 2012: $221,633Net Assets 2012: $104,0042012Assets 2013: $298,226Liabilities 2013: $217,878Net Assets 2013: $80,3482013Assets 2014: $296,538Liabilities 2014: $217,500Net Assets 2014: $79,0382014Assets 2015: $305,439Liabilities 2015: $212,600Net Assets 2015: $92,8392015Assets 2016: $317,375Liabilities 2016: $201,282Net Assets 2016: $116,0932016Assets 2017: $322,089Liabilities 2017: $185,495Net Assets 2017: $136,5942017Assets 2018: $371,344Liabilities 2018: $239,060Net Assets 2018: $132,2842018Assets 2019: $340,587Liabilities 2019: $238,286Net Assets 2019: $102,3012019Assets 2020: $446,222Liabilities 2020: $367,575Net Assets 2020: $78,6472020Assets 2021: $345,472Liabilities 2021: $268,280Net Assets 2021: $77,1922021Assets 2022: $327,743Liabilities 2022: $266,369Net Assets 2022: $61,3742022Assets 2023: $287,633Liabilities 2023: $263,612Net Assets 2023: $24,0212023Assets 2024: $380,743Liabilities 2024: $357,384Net Assets 2024: $23,3592024

Highlighted filing

2019

Assets$340,587
Liabilities$238,286
Net Assets$102,301

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2009: $248,796Expenses 2009: $262,630Net Income 2009: -$13,8342009Revenue 2010: $251,584Expenses 2010: $246,741Net Income 2010: $4,8432010Revenue 2011: $213,193Expenses 2011: $246,574Net Income 2011: -$33,3812011Revenue 2012: $218,851Expenses 2012: $239,688Net Income 2012: -$20,8372012Revenue 2013: $231,294Expenses 2013: $254,950Net Income 2013: -$23,6562013Revenue 2014: $223,525Expenses 2014: $224,835Net Income 2014: -$1,3102014Revenue 2015: $245,817Expenses 2015: $232,016Net Income 2015: $13,8012015Revenue 2016: $279,968Expenses 2016: $256,714Net Income 2016: $23,2542016Revenue 2017: $300,218Expenses 2017: $279,717Net Income 2017: $20,5012017Revenue 2018: $292,703Expenses 2018: $297,013Net Income 2018: -$4,3102018Revenue 2019: $270,807Expenses 2019: $300,790Net Income 2019: -$29,9832019Revenue 2020: $202,977Expenses 2020: $226,631Net Income 2020: -$23,6542020Revenue 2021: $255,409Expenses 2021: $256,864Net Income 2021: -$1,4552021Revenue 2022: $235,096Expenses 2022: $250,914Net Income 2022: -$15,8182022Revenue 2023: $208,320Expenses 2023: $256,530Net Income 2023: -$48,2102023Revenue 2024: $253,128Expenses 2024: $266,796Net Income 2024: -$13,6682024

Highlighted filing

2019

Revenue$270,807
Expenses$300,790
Net Income-$29,983
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$273,042
Mission and Program Overview

Mission

The organization defines and develops activities and programs to expand business opportunities and economic activity in and around the old orchard beach area. The organization is also a vehicle through which resources can be marshaled to promote and maintain a favorable quality of life for citizens and visitors alike.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$232,115$227,820▼ $4,295
Cash and Non-Interest-Bearing Accounts$130,484$103,449▼ $27,035
Accounts Receivable$8,745$9,318▲ $573
Total Assets$371,344$340,587▼ $30,757
Liabilities
Mortgage Notes Payable Secured by Investment Property$181,789$179,162▼ $2,627
Deferred Revenue$35,361$36,178▲ $817
Accounts Payable and Accrued Expenses$21,910$22,946▲ $1,036
Total Liabilities$239,060$238,286▼ $774
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,284$102,301▼ $29,983
Total Net Assets Fund Balance$132,284$102,301▼ $29,983
Total Liabilities and Net Assets / Fund Balance$371,344$340,587▼ $30,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$195,935$171,749$367,684
Equipment$25,885$37,298$63,183
Land$6,000-$6,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Perian CarpenterChair
Phil SmithVice Chair
Heather ClarkBoard Repres
Colin PattonDirector
Diana ChapmanDirector
Erica StaggDirector
Jennifer HayesDirector
Jim AlbertDirector
Jonni PenceDirector
Kara PoulinDirector
Mikey RagueDirector
Sean NicklessDirector
Sterling MorseDirector
Mike HalleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$257,090
Investment Income
$207
Other Revenue
$13,510
Change in Net Assets
$-29,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,453
Salaries, Compensation, and Employee Benefits$140,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$70,467
Office Expenses---$66,557
Other Salaries and Wages---$60,013
Interest---$11,320
Payroll Taxes---$9,857
Depreciation Depletion---$9,797
Fees for Services Other---$7,082
Occupancy---$5,560
Insurance---$4,381
Travel---$2,000
Fees for Services Accounting---$1,940
All Other Expenses---$1,862
Other Expenses---$1,324
Information Technology---$1,161
Conferences and Meetings---$365
Fees for Services Legal---$150
Total Functional Expenses$0$0$0$300,790
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Active members in good standing may be elected to governing board

Form 990, Page 6, Part VI, Line 11B

Treasurer and director review return prior to filing. Comments and questions are resolved with paid preparer prior to filing .

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Old Orchard Beach Chamber
EIN
01-0212181
Phone
2079342500
Address
11 FIRST STREET, OLD ORCHARD BEACH, ME 04064

Signing Officer

Name
Mike Halle
Title
Treasurer
Phone
2079342500
Signed
2020-11-06

Organization Details

Principal Officer
Perian Carpenter
Formed
1949
Legal Domicile
Me
Voting Board Members
14
Independent Board Members
14
Employees
4

Preparer

Firm
SIMENSKY ENGSTROM & ASSOCIATES CPA'S
Address
PO BOX 760, SACO, ME 04072
Preparer
Aubrey G Engstrom Jr
Phone
2072845943
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization defines and develops activities and programs to expand business opportunities and economic activity in and around the old orchard beach area. The organization is also a vehicle through which resources can be marshaled to promote and maintain a favorable quality of life for citizens and visitors alike.

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IRS990/PrincipalOfficerNm0PERIAN CARPENTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/Desc0ADS-VARIOUS PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBER DUES
IRS990/ProgramServiceRevenueGrp/Desc2COMMUNITY EVENTS
IRS990/ProgramServiceRevenueGrp/Desc3OTHER MEMBER SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc4BROCHURE DISTRIBUTION
IRS990/ProgramServiceRevenueGrp/ExclusionAmt030700
IRS990/ProgramServiceRevenueGrp/ExclusionAmt13500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058909
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0127335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43500
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0127335
IRS990/ProgSrvcAccomActy2Grp/Desc0ORGANIZATION COORDINATED THE PRODUCTION OF SEVERAL COMMUNITY EVENTS WHICH SERVED TO BENEFIT THE BUSINESS AND ECONOMIC CLIMATE OF THE AREA.
IRS990/ProgSrvcAccomActy3Grp/Desc0ORGANIZATION MAINTAINED YEAR ROUND OFFICE PROVIDING ASSISTANCE TO MEMBER BUSINESSES AND RESPONDED TO THOUSANDS OF REQUESTS FOR VISITOR INFORMATION.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0167
IRS990/PYOtherExpensesAmt0182327
IRS990/PYOtherRevenueAmt017992
IRS990/PYProgramServiceRevenueAmt0274544
IRS990/PYRevenuesLessExpensesAmt0-4310
IRS990/PYSalariesCompEmpBnftPaidAmt0114686
IRS990/PYTotalExpensesAmt0297013
IRS990/PYTotalRevenueAmt0292703
IRS990/ReconcilationRevenueExpnssAmt0-29983
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt010200
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0195935
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0171749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0367684
IRS990ScheduleD/EquipmentGrp/BookValueAmt025885
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037298
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063183
IRS990ScheduleD/LandGrp/BookValueAmt06000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0227820
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DEFINES AND DEVELOPS ACTIVITIES AND PROGRAMS TO EXPAND BUSINESS OPPORTUNITIES AND ECONOMIC ACTIVITY IN AND AROUND THE OLD ORCHARD BEACH AREA. THE ORGANIZATION IS ALSO A VEHICLE THROUGH WHICH RESOURCES CAN BE MARSHALED TO PROMOTE AND MAINTAIN A FAVORABLE QUALITY OF LIFE FOR CITIZENS AND VISITORS ALIKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVE MEMBERS IN GOOD STANDING MAY BE ELECTED TO GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TREASURER AND DIRECTOR REVIEW RETURN PRIOR TO FILING. COMMENTS AND QUESTIONS ARE RESOLVED WITH PAID PREPARER PRIOR TO FILING .
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0371344
IRS990/TotalAssetsEOYAmt0340587
IRS990/TotalAssetsGrp/BOYAmt0371344
IRS990/TotalAssetsGrp/EOYAmt0340587
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0300790
IRS990/TotalGrossUBIAmt0128399
IRS990/TotalLiabilitiesBOYAmt0239060
IRS990/TotalLiabilitiesEOYAmt0238286
IRS990/TotalLiabilitiesGrp/BOYAmt0239060
IRS990/TotalLiabilitiesGrp/EOYAmt0238286
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0132284
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0102301
IRS990/TotalProgramServiceRevenueAmt0257090
IRS990/TotalRevenueGrp/ExclusionAmt044607
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt097801
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270807
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0128399
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0371344
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0340587
IRS990/TravelGrp/TotalAmt02000
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 FIRST ST
IRS990/USAddress/CityNm0OLD ORCHARD BEACH
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004064
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.OLDORCHARDBEACHMAINE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE HALLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02079342500
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLD ORCHARD BEACH CHAMBER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0OLDO
ReturnHeader/Filer/EIN0010212181
ReturnHeader/Filer/PhoneNum02079342500
ReturnHeader/Filer/USAddress/AddressLine1Txt011 FIRST STREET
ReturnHeader/Filer/USAddress/CityNm0OLD ORCHARD BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004064
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B61FE91E56D83485E82EFF8F86D0736734421301
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FC04B765C14BFFC5F0235B59801297AA26A43730
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.97.43.35
ReturnHeader/FilingSecurityInformation/IPDt02020-11-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:01:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010353028
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIMENSKY ENGSTROM & ASSOCIATES CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 760
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004072
ReturnHeader/PreparerPersonGrp/PhoneNum02072845943
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AUBREY G ENGSTROM JR
ReturnHeader/ReturnTs02020-11-10T16:01:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$3.57$0.23$2.53$2.67$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.88$2.64$0.24$2.08$2.57$0.48
2022Detailed filing. Detailed filing data is available for this year.$3.28$2.66$0.61$2.35$2.51$0.16
2021Detailed filing. Detailed filing data is available for this year.$3.45$2.68$0.77$2.55$2.57$0.01
2020Detailed filing. Detailed filing data is available for this year.$4.46$3.68$0.79$2.03$2.27$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.41$2.38$1.02$2.71$3.01$0.30
2018Summary only. Only limited summary data is available for this year.$3.71$2.39$1.32$2.93$2.97$0.04
2017Summary only. Only limited summary data is available for this year.$3.22$1.85$1.37$3.00$2.80$0.21
2016Summary only. Only limited summary data is available for this year.$3.17$2.01$1.16$2.80$2.57$0.23
2015Summary only. Only limited summary data is available for this year.$3.05$2.13$0.93$2.46$2.32$0.14
2014Summary only. Only limited summary data is available for this year.$2.97$2.18$0.79$2.24$2.25$0.01
2013Summary only. Only limited summary data is available for this year.$2.98$2.18$0.80$2.31$2.55$0.24
2012Summary only. Only limited summary data is available for this year.$3.26$2.22$1.04$2.19$2.40$0.21
2011Summary only. Only limited summary data is available for this year.$3.46$2.21$1.25$2.13$2.47$0.33
2010Summary only. Only limited summary data is available for this year.$3.67$2.09$1.58$2.52$2.47$0.05
2009Summary only. Only limited summary data is available for this year.$3.74$2.21$1.53$2.49$2.63$0.14