Visit Baltimore Education & Training Foundation Inc
- Assets
- $120.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 10/2014
- Data as of
- 06/2024
- EIN
- 47-1753100
Organization Overview
Visit Baltimore Education & Training Foundation Inc is located in Baltimore, MD. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Baltimore Education & Training 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 06/2024, Visit Baltimore Education & Training Foundation Inc generated $25.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $35.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
28 THE ORGANIZATION WAS FOUNDED TO HELP GROW AND STRENGTHEN BALTIMORE'S TOURISM, COMMUNITY AND WORKFORCE. WE REALIZED OUR MISSION THROUGH THE DELIVERY OF SCHOLARSHIPS, GRANTS, AND INNOVATIVE PROGRAMS AND ALLIANCES, EACH DESIGNED TO ASSIST AND ENCOURAGE INDIVIDUAL RESIDENTS IN STARTING AND/OR BUILDING A CAREER, STRENGTHEN THE CAPACITY OF LOCAL NONPROFIT AND HERITAGE ORGANIZATIONS TO BETTER ATTRACT AND SERVE VISITORS, AND CONTRIBUTE TO AN INCREASINGLY VIBRANT TOURISM INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adenike Akintilo Board Member | 0.5 | $0 | |
Stacey Whitfield Board Member | 0.5 | $0 | |
Gregory Brown Board Member | 0.5 | $0 | |
Mac Campbell Board Member | 0.5 | $0 | |
Joya Dortch Board Member | 0.5 | $0 | |
Wanda Draper Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,275 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,295 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,630 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,152 |
| Total expenses | $35,782 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,434 |
| Other assets | $0 |
| Total assets | $120,434 |
| Total liabilities | $19,947 |
| Net assets or fund balances | $100,487 |