Salisbury Area Chamber Of Commerce Foundation Inc
- Assets
- $46.1k
- Revenue
- $45.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 09/2003
- Data as of
- 03/2017
- EIN
- 13-4226978
Organization Overview
Salisbury Area Chamber Of Commerce Foundation Inc is located in Salisbury, MD. The organization was established in 2003. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Area Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2017, Salisbury Area Chamber Of Commerce Foundation Inc generated $45.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $101.9k during the year ending 03/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO AID IN MAINTAINING HIGH ETHICAL STANDARDS IN ALL HUMAN RELATIONSHIPS BY PROMOTING ECONOMIC EDUCATION AND QUALITY OF LIFE DEVELOPMENT AND IN SO DOING AID IN PROVIDING COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG ENTREPRENEURS ACADEMY - ENTREPRENEURSHIP EDUCATION FOR YOUNG ADULTS
VARIOUS PROGRAMS TO ASSIST IN COMMUNITY EDUCATION PROJECTS
ECONOMIC FORECAST PROGRAM - PROVIDES EDUCATIONAL SNAPSHOT OF THE LOCAL ECONOMY FOR THE COMING YEAR.
WAR MEMORIAL - EDUCATION AND TRAINING FOR VETERANS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Cox Director | Trustee | $0 | |
Jordan Gilmore Director | Trustee | $0 | |
Gerry Dibartolo Director | Trustee | $0 | |
Bradley Gillis President | Officer | $0 | |
Ruth Baker Vice Preside | Officer | $0 | |
Emily Nock Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,293 |
| Total Program Service Revenue | $0 |
| Investment income | $13,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,504 |
| Office expenses | $0 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $101,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,276 |
| Savings and temporary cash investments | $19,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,136 |
| Accounts payable and accrued expenses | -$1,747 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$1,747 |
| Unrestricted restricted net Assets | $12,046 |
| Temporarily restricted net Assets | $35,837 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $47,883 |