Civic Intelligence

Lewiston Auburn Metropolitan Chamber of Commerce Foundation

EIN 81-3725460 • 501(c)3 • Lewiston, ME

Profile

The la metro chamber of commerce foundation is 501(c)3 whose mission is to support education and workforce efforts in the lewiston-auburn region.

415 Lisbon Street 100Lewiston, ME 04240

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-68%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$139,740

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-52%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-23%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$862,743

Down $953,056 (-52%) from 2023

Liabilities

Up

$16,083

Up $16,025 (+27629%) from 2023

Net Assets

Down

$846,660

Down $969,081 (-53%) from 2023

Revenue

Down

$1,457,123

Down $440,206 (-23%) from 2023

Expenses

Up

$2,448,112

Up $1,836,851 (+301%) from 2023

Net Income

Down

-$990,989

Down $2,277,057 (-177%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2019: $204,714Liabilities 2019: $0Net Assets 2019: $204,7142019Assets 2020: $367,983Liabilities 2020: $50Net Assets 2020: $367,9332020Assets 2021: $467,739Liabilities 2021: $8,674Net Assets 2021: $459,0652021Assets 2022: $521,630Liabilities 2022: $14,502Net Assets 2022: $507,1282022Assets 2023: $1,815,799Liabilities 2023: $58Net Assets 2023: $1,815,7412023Assets 2024: $862,743Liabilities 2024: $16,083Net Assets 2024: $846,6602024

Highlighted filing

2024

Assets$862,743
Liabilities$16,083
Net Assets$846,660

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $115,541Expenses 2019: $22,834Net Income 2019: $92,7072019Revenue 2020: $247,270Expenses 2020: $189,173Net Income 2020: $58,0972020Revenue 2021: $329,086Expenses 2021: $255,706Net Income 2021: $73,3802021Revenue 2022: $352,999Expenses 2022: $277,388Net Income 2022: $75,6112022Revenue 2023: $1,897,329Expenses 2023: $611,261Net Income 2023: $1,286,0682023Revenue 2024: $1,457,123Expenses 2024: $2,448,112Net Income 2024: -$990,9892024

Highlighted filing

2024

Revenue$1,457,123
Expenses$2,448,112
Net Income-$990,989

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$415,576
Mission and Program Overview

Mission

To manage funds to be utilized for scholarships and charitable giving.

The la metro chamber of commerce foundation is a 501(c)3 whose mission is to support education and workforce efforts in the lewiston-auburn region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$194,699$313,408▲ $118,709
Savings and Temporary Cash Investments$140,774$119,265▼ $21,509
Investments in Publicly Traded Securities$130,266$87,957▼ $42,309
Accounts Receivable$2,000$1,000▼ $1,000
Total Assets$467,739$521,630▲ $53,891
Liabilities
Other Liabilities$8,651$14,502▲ $5,851
Accounts Payable and Accrued Expenses$23--
Total Liabilities$8,674$14,502▲ $5,828
Net Assets / Fund Balance
Net Assets With Donor Restrictions$436,401$496,735▲ $60,334
Net Assets Without Donor Restrictions$22,664$10,393▼ $12,271
Total Net Assets Fund Balance$459,065$507,128▲ $48,063
Total Liabilities and Net Assets / Fund Balance$467,739$521,630▲ $53,891
Compensation and Service Providers

Employees

NameTitleOtherTotal
Shanna CoxPresident$113,737$113,737

Board Members and Trustees

NameTitle
John RiceChair
Michelle HawleyChair Elect
Alyson DanielsBoard Member
Betsey SibleyBoard Member
Chris RugulliesBoard Member
Cyndi RobbinsBoard Member
Elaine St PierreBoard Member
Elise JohansenBoard Member
Gael KarombaBoard Member
Jessica DonovanBoard Member
Jon LevesqueBoard Member
Kevin SimoneauBoard Member
Mark AdamsBoard Member
Matthew ShawBoard Member
Paul AndersonBoard Member
Rachel MckinleyBoard Member
Ray DebloisBoard Member
Rich VeilluexBoard Member
Sohpia BaileyBoard Member
Steve LittlesonBoard Member
Tom PerkinsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$368,016
Program Service Revenue
$369
Investment Income
$4,393
Other Revenue
$-19,779
All Other Contributions
$368,016
Change in Net Assets
$75,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,707
Salaries, Compensation, and Employee Benefits$135,681
Total Fundraising Expense$6,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,906$40,704$4,071$135,681
Office Expenses$28,157$12,608$1,260$42,025
Fees for Services Other-$29,361-$29,361
Advertising$6,849--$6,849
Other Expenses$3,453$1,546$155$5,154
All Other Expenses$4,446$23$2$4,471
Fees for Service Investment Mgmnt Fees-$736-$736
Fees for Services Accounting-$480-$480
Travel$38$17$1$56
Total Functional Expenses$175,681$95,241$6,466$277,388
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$47,579
Fundraising Gross Income$27,800
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun & Films$27,350$27,350$40,797$-13,447
Various$450$450$5,088$-4,638
Total Events$27,800$27,800$47,579$-19,779
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payable$14,502
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, line 7A

The board chair shall appoint a nominating committee of at least six members of the chamber. The board chair shall desginate the committee chair. The nominating committee shall present to the board a slate of candidates to serve two-year terms, to replace the directors whose terms are expiring. Each candidate must be a member in good standing and must have agreed to accept the responsibility of directorship. Upon receipt of the report of the nominating committee, the president shall notify the membership by mail the names of the persons nominated as candidates for directors and the right of petition. Additional names of candidates for directors can be nominated by petition bearing the genuine signatures of at least 30 members in good standing of the chamber. Such petition must be filed with the nominating committee within ten days after notice has been given of those nominated. The determination of the nominating committee as to the legality of the petition(s) shall be final. If no petition is filed within the desginated period, the nominations shall be closed and the nominated slate of directors shall be declared elected by the board of directors at their regular december meeting. If a valid petition is filed an election procedure by the entire membership is prescribed.

Form 990, Part VI, Section A, line 8B

Not applicable, there are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

Form 990 is reviewed by the board prior to filing. At a regular meeting, theboard votes to accept form 990 prior to filing.

Form 990, Part VI, Section B, line 15

The executive committee of the board, annually in the budget process, reviews the compensation of the ceo and makes a recommendation to the board as a whole as part of the budget process. The board takes action on the compensation after reviewing the recommendation of the executive committee.

Form 990, Part VI, Section C, line 19

All governing documents, bylaws, personnel policies, board agendas and minutes are kept available for inspection at the chamber office.

Filing and Contact Details

Filer

Filer Name
Lewiston Auburn Metropolitan Chamber of
EIN
81-3725460
Phone
2077832249
Address
415 LISBON STREET 100, LEWISTON, ME 04240

Signing Officer

Name
Shanna Cox
Title
President
Phone
2077832249
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shanna Cox
Formed
2017
Legal Domicile
Me
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
100

Preparer

Firm
Ouellette & Associates Pa
Address
1111 LISBON STREET, LEWISTON, ME 04240
Preparer
Keith Morin
Phone
2077860328
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

CONSULTING: Program service expenses 0. Management and general expenses 29,361. Fundraising expenses 0. Total expenses 29,361.

Financial Statement Notes

Part X, Line 2:

The foundation does not believe it has done anything during the past year that would jeopardize its tax exempt status at either the state or federal level. The chamber reports its activities to the irs in an annual information return. These filings are subject to review by the tax authorities and the federal income tax returns are subject to examination by the irs, generally for three years after they were filed.

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