Nonprofit · EIN 01-0024245
BANGOR REGION CHAMBER OF COMMERCE
Tax-exempt · BANGOR, ME 04401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $630,825 | $742,779 | -$111,954 | $161,050 | $558,543 | -$397,493 |
| December 31, 2023 | 990 | $573,304 | $720,955 | -$147,651 | $349,152 | $634,691 | -$285,539 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $52,888
- of which government grants
- $33,000
- Program service revenue
- $535,770
- Investment income
- $78
- Net income from fundraising events
- $40,910
- Other revenue
- $42,089
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $105,493
- Other salaries and wages
- $229,523
- Salaries, compensation and benefits (total)
- $399,148
- Professional fundraising fees
- $0
- Accounting fees
- $35,742
- Occupancy
- $72,505
- Travel
- $5,247
- Depreciation
- $2,214
- Program services (functional)
- $651,102
- Management and general (functional)
- $91,677
Balance sheet and other
- Total assets, start of year
- $349,152
- Total assets, end of year
- $161,050
- Total liabilities, end of year
- $558,543
- Net assets, end of year
- -$397,493
- Land, buildings and equipment
- $2,801
- Net assets without donor restrictions
- -$397,493
- Gross unrelated business income
- $54,826
- Gross receipts
- $670,582
- Employees
- 7
- Volunteers
- 60
- Year formed
- 1911
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEB NEUMAN | PRESIDENT/CEO Trustee or director, Officer | 40 | $105,493 |
| JACLYN FISH | CHAIR Trustee or director, Officer | 1.5 | $0 |
| JODI REYNOLDS | CHAIR ELECT/TREASURER Trustee or director, Officer | 1.5 | $0 |
| DAVID DUNNING | PAST CHAIR Trustee or director, Officer | 1.5 | $0 |
| NETTIE KILBY | MEMBERSHIP COMMITTEE Trustee or director | 1.5 | $0 |
| JUDY LONG | POLICY LIAISON Trustee or director | 1 | $0 |
| JASON CLAY | COMMUNITY COUNCIL Trustee or director | 1 | $0 |
| WOODROW CROSS II | DIRECTOR Trustee or director | 1 | $0 |
| RENEE DOBLE | DIRECTOR Trustee or director | 1 | $0 |
| JOAN FERRINI-MUNDY | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER FURTH | DIRECTOR Trustee or director | 1.5 | $0 |
| JANET KELLE | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP HENRY | DIRECTOR Trustee or director | 1.5 | $0 |
| CHRIS KILGOUR | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN MCALPINE | DIRECTOR Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AUSTIN MUCHEMORE | DIRECTOR Trustee or director | 1 | $0 |
| SHIRAR PATTERSON | DIRECTOR Trustee or director | 1 | $0 |
| KELLY PEARSON | DIRECTOR Trustee or director | 1 | $0 |
| TIM PEASE | DIRECTOR Trustee or director | 1 | $0 |
| LIZ RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| KAREN SHOREY | DIRECTOR Trustee or director | 1 | $0 |
| AIMEE THIBODEAU | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEB NEUMAN | PRESIDENT/CEO Trustee or director, Officer | 40 | $99,501 |
| JACLYN FISH | CHAIR Trustee or director, Officer | 1.5 | $0 |
| JODI REYNOLDS | CHAIR ELECT/TREASURER Trustee or director, Officer | 1.5 | $0 |
| DAVID DUNNING | PAST CHAIR Trustee or director, Officer | 1.5 | $0 |
| NETTIE KILBY | MEMBERSHIP COMMITTEE Trustee or director | 1.5 | $0 |
| JUDY LONG | POLICY LIAISON Trustee or director | 1 | $0 |
| JASON CLAY | COMMUNITY COUNCIL Trustee or director | 1 | $0 |
| WOODROW CROSS II | DIRECTOR Trustee or director | 1 | $0 |
| RENEE DOBLE | DIRECTOR Trustee or director | 1 | $0 |
| JOAN FERRINI-MUNDY | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER FURTH | DIRECTOR Trustee or director | 1.5 | $0 |
| JANET KELLE | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP HENRY | DIRECTOR Trustee or director | 1.5 | $0 |
| CHRIS KILGOUR | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN MCALPINE | DIRECTOR Trustee or director | 1 | $0 |
| AUSTIN MUCHEMORE | DIRECTOR Trustee or director | 1 | $0 |
| SHIRAR PATTERSON | DIRECTOR Trustee or director | 1 | $0 |
| KELLY PEARSON | DIRECTOR Trustee or director | 1 | $0 |
| TIM PEASE | DIRECTOR Trustee or director | 1 | $0 |
| LIZ RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| KAREN SHOREY | DIRECTOR Trustee or director | 1 | $0 |
| AIMEE THIBODEAU | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2 HAMMOND ST STE 1, BANGOR, ME 04401-5188
- Principal officer (990 for 2024)
- DEB NEUMAN, 2 HAMMOND STREET SUITE 1, BANGOR, ME 04401
- Signed the 990
- DEB NEUMAN, PRESIDENT
- Phone
- (207) 947-0307
- Website
- WWW.BANGORREGION.COM
- Return prepared by
- THE CPA SOLUTION LLC
Mission
TO PROMOTE AND ADVANCE A VITAL, HEALTHY BUSINESS ENVIROMENT.
Program accomplishments
- THE BANGOR REGION CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION WITH MANY AREA PROFESSIONALS WORKING TO PROMOTE AND ADVANCE A VITAL, HEALTHY BUSINESS ENVIROMENT.Expenses $651,102 · grants $48,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0024245
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $161,050
- Income (IRS master file)
- $670,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $630,825 | $742,779 | $161,050 | IRS |
| 990 | December 2023 | $573,304 | $720,955 | $349,152 | XML |
| 990 | December 2022 | $468,599 | $610,617 | $467,556 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0024245).
Questions about BANGOR REGION CHAMBER OF COMMERCE
- What is the EIN of BANGOR REGION CHAMBER OF COMMERCE?
- The employer identification number (EIN) of BANGOR REGION CHAMBER OF COMMERCE is 01-0024245.
- Is BANGOR REGION CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
- Are donations to BANGOR REGION CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BANGOR REGION CHAMBER OF COMMERCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BANGOR REGION CHAMBER OF COMMERCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANGOR REGION CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BANGOR REGION CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names DEB NEUMAN.
- Who are the officers and directors of BANGOR REGION CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 22 people; 1 received compensation from the organization, the highest $105,493 (DEB NEUMAN, PRESIDENT/CEO).
- How much revenue does BANGOR REGION CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $630,825, expenses of $742,779 and total assets of $161,050 at year end.
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