Building Congress & Exchange Of Baltimore Inc
- Assets
- $831.5k
- Revenue
- $297.1k
- Investments
- $542.6k
- Employees
- 0
- Location
- Elkridge, MD
- Founding
- 02/1942
- Data as of
- 12/2023
- EIN
- 52-0258830
Organization Overview
Building Congress & Exchange Of Baltimore Inc is located in Elkridge, MD. The organization was established in 1942. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. Building Congress & Exchange Of Baltimore 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 12/2023, Building Congress & Exchange Of Baltimore Inc generated $297.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $262.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE IS TO PROVIDE A COMMON MEETING GROUND FOR CONTRACTORS AND SUPPLIERS OF GOODS AND SERVICES TO THE CONSTRUCTION INDUSTRY IN THE BALTIMORE, MARYLAND AREA. IT ALSO PROVIDES A MEDIUM FOR INTERCHANGES OF IDEAS LEADING TO THE BETTERMENT OF THE CONSTRUCTION INDUSTRY IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING BUILDING CONGRESS AND EXCHANGE FOUNDATION, A NOT-FOR-PROFIT 501 (C)(3) ORGANIZATION , WHOSE PURPOSE IS TO CONDUCT, PROMOTE, AND SUPPORT EDUCATION RELATING TO THE BUILDING AND CONSTRUCTION INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Bowes President | OfficerTrustee | 5 | $0 |
Jeff Hossfeld Vice President | OfficerTrustee | 5 | $0 |
Thomas Koch Treasurer | OfficerTrustee | 5 | $0 |
Marianne Crampton Secretary | OfficerTrustee | 5 | $0 |
John Gregg Member At Large | Trustee | 5 | $0 |
Schyler Bailey Director | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $165,738 |
| Investment income | $18,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,070 |
| Net Income from Fundraising Events | $114,053 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,063 |
| 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 | $3,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,992 |
| Fees for services: Other | $223,993 |
| Advertising and promotion | $636 |
| Office expenses | $616 |
| Information technology | $2,753 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,219 |
| All other expenses | $1,200 |
| Total functional expenses | $261,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,206 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,270 |
| 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 | $26,443 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $542,587 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,506 |
| Accounts payable and accrued expenses | $18,094 |
| Grants payable | $0 |
| Deferred revenue | $241,730 |
| 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 | $259,824 |
| Net assets without donor restrictions | $571,682 |
| 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 | $831,506 |