Black Chamber Of Commerce Of Maryland is located in Derwood, MD. The organization was established in 2018. 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. Black Chamber Of Commerce Of Maryland 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 12/2021, Black Chamber Of Commerce Of Maryland generated $32.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $19.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
HOSTING PROGRAMS AND EVENTS THAT PROMOTE BUSINESS DEVELOPMENT AND GROWTH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shanton Kittler Secretary | 2 | $0 | |
Nelson Davy Treasurer And Bd Cochair | 2 | $0 | |
Kenneth White Chairman | 2 | $0 | |
Marva Jo Camp Board Member | 2 | $0 | |
Michelle Taylor Board Member | 2 | $0 | |
Ebony Johnson Board Member | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $19,590 |
Total Program Service Revenue | $0 |
Membership dues | $12,468 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $32,058 |
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 | $4,686 |
Occupancy, rent, utilities, and maintenance | $2,835 |
Printing, publications, postage, and shipping | $11 |
Other expenses | $11,992 |
Total expenses | $19,524 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $35,379 |
Other assets | $0 |
Total assets | $35,379 |
Total liabilities | $0 |
Net assets or fund balances | $35,379 |
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