St Marys County Chamber Of Commerce Inc
- Assets
- $216.5k
- Revenue
- $152.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Lexington Park, MD
- Founding
- 10/1987
- Data as of
- 06/2021
- EIN
- 23-7226106
Organization Overview
St Marys County Chamber Of Commerce Inc is located in Lexington Park, MD. The organization was established in 1987. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, St Marys County Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marys County Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, St Marys County Chamber Of Commerce Inc generated $152.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $148.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER ENCOURAGES BUSINESS AND INDUSTRIAL INVESTMENT IN THE COMMUNITY, SUPPORTS EDUCATION AT ALL LEVELS, PROMOTES TOURISM, AND STRIVES TOWARDS THE CREATION OF MORE JOBS IN ST. MARY'S COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS SHOWCASE: THE CHAMBER'S BUSINESS SHOWCASE GIVES MEMBERS A VENUE TO SHOWCASE THEIR BUSINESSES TO OTHER CHAMBER MEMBERS AND THE COMMUNITY. HELD EVERY YEAR IN MAY AT THE SOUTHERN MARYLAND HIGHER EDUCATION CENTER IN CALIFORNIA, MARYLAND, THIS EVENT ALLOWS OVER 50 CHAMBER BUSINESSES TO SET UP BOOTHS AND PROMOTE THEIR PRODUCTS AND SERVICES. EVERY YEAR THE ATTENDANCE KEEPS GROWING WITH WELL OVER 500 INDIVIDUALS AND EXHIBITORS VISITING EACH BOOTH.
A TASTE OF ST. MARY'S: THIS ANNUAL EVENT, ESTABLISHED TO PROMOTE THE LOCAL HOSPITALITY INDUSTRY, IS HELD IN THE FALL ON THE SQUARE OF HISTORIC LEONARDTOWN, MARYLAND. ADMISSION AND PARKING ARE FREE. THIS IS A FAMILY EVENT IN WHICH AREA RESTAURANTS AND CATERERS PROVIDE SAMPLES OF THEIR SPECIALTIES. THERE ARE CHILDREN'S ACTIVITIES, LIVE ENTERTAINMENT, AND HISTORICAL SITES OPEN TO TOUR. CHAMBER MEMBERS ARE WELCOME TO SPONSOR ANY ACTIVITY AND ALL RESTAURANTS AND CATERERS ARE WELCOME TO PARTICIPATE AS VENDORS.
ANNUAL MEETING: EACH JUNE, THE CHAMBER HOSTS ITS ANNUAL MEETING AND DINNER TO WELCOME THE NEW BOARD CHAIR AND THE NEWLY ELECTED BOARD MEMBERS, TO PRESENT VARIOUS AWARDS, AND TO REVIEW THE CHAMBER'S ACHIEVEMENTS THROUGHOUT THE PROGRAM YEAR. THIS IS AN OPPORTUNITY FOR MEMBERS TO SEE HOW THE CHAMBER IS WORKING FOR THEM EACH YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Fleming President And CEO | Officer | 40 | $50,327 |
Chad Day Chair Elect | OfficerTrustee | 3 | $0 |
Dan Dawson Chair | OfficerTrustee | 5 | $0 |
Tari Moore 1st Vice Chair | OfficerTrustee | 1 | $0 |
Scott Taylor Director | Trustee | 1 | $0 |
Jenny Wamsley Treasurer | OfficerTrustee | 1 | $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 | $19,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,139 |
| Total Program Service Revenue | $124,385 |
| Investment income | $2,430 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,346 |
| 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. | $50,327 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $777 |
| Payroll taxes | $6,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,724 |
| Advertising and promotion | $0 |
| Office expenses | $16,478 |
| Information technology | $3,550 |
| Royalties | $0 |
| Occupancy | $24,218 |
| Travel | $64 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$1,355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446 |
| Insurance | $2,441 |
| All other expenses | $2,370 |
| Total functional expenses | $148,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,312 |
| Savings and temporary cash investments | $197,895 |
| 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 | $8,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $216,484 |
| Accounts payable and accrued expenses | $963 |
| 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 | $130,765 |
| Total liabilities | $131,728 |
| Net assets without donor restrictions | $84,756 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $216,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Certified Financial Planner Board Of Standards Inc Washington, DC | $72,477,411 | $49,028,168 |