Civic Intelligence

Visit Freeport

990 • Fiscal year 2023 • EIN 01-0428597

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profilevisitfreeport.com
115 Main StFreeport, ME 04032

(207) 865-1040

Siviq Scores

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

Liabilities / Assets

96th percentile

0.91x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.44x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

39th percentile

-3.4%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

89th percentile

$61,658

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

4.9%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$209,284

Down $26,366 (-11%) from 2022

Net Assets

Down

$18,458

Down $14,734 (-44%) from 2022

Liabilities

Down

$190,826

Down $11,632 (-5.7%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin39th percentile

Revenue

Up

$438,536

Up $20,611 (+4.9%) from 2022

Expenses

Up

$453,270

Up $13,927 (+3.2%) from 2022

Net Income

Up

-$14,734

Up $6,684 (+31%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$300K$200K$100K$0Assets 2014: $49,167Liabilities 2014: $8,245Net Assets 2014: $40,9222014Assets 2015: $283,978Liabilities 2015: $231,515Net Assets 2015: $52,4632015Assets 2016: $274,703Liabilities 2016: $216,556Net Assets 2016: $58,1472016Assets 2017: $265,822Liabilities 2017: $209,535Net Assets 2017: $56,2872017Assets 2018: $265,678Liabilities 2018: $203,400Net Assets 2018: $62,2782018Assets 2019: $221,786Liabilities 2019: $183,938Net Assets 2019: $37,8482019Assets 2020: $205,852Liabilities 2020: $170,774Net Assets 2020: $35,0782020Assets 2021: $244,785Liabilities 2021: $190,200Net Assets 2021: $54,5852021Assets 2022: $235,650Liabilities 2022: $202,458Net Assets 2022: $33,1922022Assets 2023: $209,284Liabilities 2023: $190,826Net Assets 2023: $18,4582023Assets 2024: $190,577Liabilities 2024: $187,380Net Assets 2024: $3,1972024

Highlighted filing

2023

Assets$209,284
Liabilities$190,826
Net Assets$18,458
Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $345,812Expenses 2014: $295,786Net Income 2014: $50,0262014Revenue 2015: $354,463Expenses 2015: $342,922Net Income 2015: $11,5412015Revenue 2016: $337,012Expenses 2016: $331,329Net Income 2016: $5,6832016Revenue 2017: $342,347Expenses 2017: $344,206Net Income 2017: -$1,8592017Revenue 2018: $324,955Expenses 2018: $318,964Net Income 2018: $5,9912018Revenue 2019: $311,330Expenses 2019: $335,760Net Income 2019: -$24,4302019Revenue 2020: $263,684Expenses 2020: $266,454Net Income 2020: -$2,7702020Revenue 2021: $298,267Expenses 2021: $278,760Net Income 2021: $19,5072021Revenue 2022: $417,925Expenses 2022: $439,343Net Income 2022: -$21,4182022Revenue 2023: $438,536Expenses 2023: $453,270Net Income 2023: -$14,7342023Revenue 2024: $516,027Expenses 2024: $531,288Net Income 2024: -$15,2612024

Highlighted filing

2023

Revenue$438,536
Expenses$453,270
Net Income-$14,734
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$438,536
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$141,797$171,175▲ $29,378
Cash and Non-Interest-Bearing Accounts$82,320$25,947▼ $56,373
Rtn Earn Endowment Incm Other Fnds$33,192$18,458▼ $14,734
Land, Buildings, and Equipment, Net$11,533$11,212▼ $321
Prepaid Expenses and Deferred Charges-$950-
Total Assets$235,650$209,284▼ $26,366
Liabilities
Deferred Revenue$192,972$180,117▼ $12,855
Accounts Payable and Accrued Expenses$9,486$10,709▲ $1,223
Total Liabilities$202,458$190,826▼ $11,632
Net Assets / Fund Balance
Total Net Assets Fund Balance$33,192$18,458▼ $14,734
Total Liabilities and Net Assets / Fund Balance$235,650$209,284▼ $26,366

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$25,306$25,306
Leasehold Improvements$11,212$1,303$12,515
Other Land Buildings-$762$762
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kelly EdwardsExecutive DirectorFT$61,658$61,658

Board Members and Trustees

NameTitle
Jay PaulusPresident
Emily KirktonVice President
Adrienne PatenaudeDirector
Andrew LombardiDirector
Chip BurnhamDirector
Christine MyrickDirector
Gabe ShirleyDirector
Karen LevesqueDirector
Sharyn PeaveyDirector
Emily CarterDirectior
Kristin FrazierSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$187,912
Program Service Revenue
$250,624
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-14,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,258
Salaries, Compensation, and Employee Benefits$158,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$70,497-$70,497
Current Officers, Directors, Trustees, and Key Employees-$66,083-$66,083
Occupancy-$28,460-$28,460
Advertising$23,679--$23,679
All Other Expenses-$22,686-$22,686
Other Expenses$161,803$15,570-$15,570
Payroll Taxes-$10,755-$10,755
Other Employee Benefits-$10,677-$10,677
Insurance-$3,283-$3,283
Fees for Services Accounting-$1,480-$1,480
Fees for Services Other-$1,251-$1,251
Depreciation Depletion-$321-$321
Fees for Services Legal-$245-$245
Total Functional Expenses$221,962$231,308$0$453,270
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Part VI, Section C, Line 19

“The organizations governing documents and income tax return are available upon request at its offices in Freeport, Maine.”

Filing and Contact Details

Filer

Filer Name
Visit Freeport
EIN
01-0428597
Phone
2078651040
Address
115 Main St, Freeport, ME 04032

Signing Officer

Name
Jay S Paulus
Title
President
Phone
2078651040
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay S Paulus
Formed
1977
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
4

Preparer

Firm
Countinghouse Associates
Address
234 Hodsdon Road, Pownal, ME 04069
Preparer
Warren S Bell
Phone
2077765813
Raw XML Appendix377 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm2Jay Paulus
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Directior
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025306
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025306
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011212
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01303
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012515
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0762
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011212
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organizations governing documents and income tax return are available upon request at its offices in Freeport, Maine.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0235650
IRS990/TotalAssetsEOYAmt0209284
IRS990/TotalAssetsGrp/BOYAmt0235650
IRS990/TotalAssetsGrp/EOYAmt0209284
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0187912
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0231308
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221962
IRS990/TotalFunctionalExpensesGrp/TotalAmt0453270
IRS990/TotalGrossUBIAmt041108
IRS990/TotalLiabilitiesBOYAmt0202458
IRS990/TotalLiabilitiesEOYAmt0190826
IRS990/TotalLiabilitiesGrp/BOYAmt0202458
IRS990/TotalLiabilitiesGrp/EOYAmt0190826
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt033192
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018458
IRS990/TotalProgramServiceExpensesAmt0221962
IRS990/TotalProgramServiceRevenueAmt0250624
IRS990/TotalReportableCompFromOrgAmt061658
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0209516
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438536
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt041108
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0235650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0209284
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Brigham and Cook Ltd 123 Main St
IRS990/USAddress/CityNm0Freeport
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004032
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0visitfreeport.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jay S Paulus
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02078651040
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Visit Freeport
ReturnHeader/Filer/BusinessNameControlTxt0VISI
ReturnHeader/Filer/EIN0010428597
ReturnHeader/Filer/PhoneNum02078651040
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 Main St
ReturnHeader/Filer/USAddress/CityNm0Freeport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004032
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010440407
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Countinghouse Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0234 Hodsdon Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pownal
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004069
ReturnHeader/PreparerPersonGrp/PhoneNum02077765813
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Warren S Bell
ReturnHeader/ReturnTs02024-11-14T03:08:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$209,284
Liabilities
$190,826
Net assets
$18,458
Revenue
$438,536
Expenses
$453,270
Net income
-$14,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.91$1.87$0.03$5.16$5.31$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.09$1.91$0.18$4.39$4.53$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.36$2.02$0.33$4.18$4.39$0.21
2021Detailed filing. Detailed filing data is available for this year.$2.45$1.90$0.55$2.98$2.79$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.06$1.71$0.35$2.64$2.66$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.22$1.84$0.38$3.11$3.36$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.66$2.03$0.62$3.25$3.19$0.06
2017Summary only. Only limited summary data is available for this year.$2.66$2.10$0.56$3.42$3.44$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.75$2.17$0.58$3.37$3.31$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.84$2.32$0.52$3.54$3.43$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.08$0.41$3.46$2.96$0.50