Ogunquit Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 010348709
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Ogunquit, ME, USA
- Phone
- 2076461279
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $399,460
- Expenses
- $401,525
- Assets
- $1,373,590
- Liabilities
- $343,540
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Highest reported compensation
- ALICE PEARCE (EXECUTIVE DI): $91,451 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ogunquit chamber of commerce promotes business, enhances economic and community development and serves as a partner in improving the overall quality of life in the ogunquit area.
What it reported doing in 2024
The ogunquit chamber produces and distributes a visitor's guide, a map of the ogunquit area, and a dining guide. The guide offers suggestions on what to see and do, and where to dine, shop and stay in the local area. The guide and map are distributed at the ogunquit chamber welcome center, by mail by request, and at member businesses and at municipal parking lots. We print 25,000 copies of the visitor's guide and 20,000 copies of the map. Digital copies are available for download on ogunquit.org. The chamber raises funds from member businesses for the community's renowned annual fourth of july fireworks show. In addition to hosting the fireworks show, the chamber produces four other festivals to help bring guests to the community during the "shoulder season": bonaire, christmas by the sea, ogunquitfest and pride. Bonaire is an all-day music festival held on an oceanfront stage, featuring local artists and a headline band; it is supported with additional activities throughout town. Christmas by the sea, now in its 37th year, brings thousands of guests to town for the annual parade, tree lightings, and bonfire & fireworks display. Ogunquitfest also brings thousands of guests to town, and celebrates the harvest season with a classic car show, artisan craft fair, and halloween-themed activities. Pride is a relatively-new event, now in its third year, and joyfully salutes the legacy of the lgbtq+ community in ogunquit, with a pride flag raising, community picnic, and music.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.5%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 3.42; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 22.8%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.5% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 14 of 14 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $91K · 14 people listed
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.