Dorchester Chamber Of Commerce Inc
- Assets
- $295.0k
- Revenue
- $195.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MD
- Founding
- 06/1945
- Data as of
- 12/2022
- EIN
- 52-0262287
Organization Overview
Dorchester Chamber Of Commerce Inc is located in Cambridge, MD. The organization was established in 1945. 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 12/2022, Dorchester 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. Dorchester 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 12/2022, Dorchester Chamber Of Commerce Inc generated $195.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $176.0k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS AND COMMUNITY GROWTH IN THE DORCHESTER COUNTY AREA AND PROGRAMS OF A CIVIC, SOCIAL, OR CULTURAL NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE BUSINESS AND COMMUNITY GROWTH IN THE DORCHESTER COUNTY AREA AND PROGRAMS OF A CIVIC, SOCIAL, OR CULTURAL NATURE.
TO PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY CREATING A BETTER UNDERSTANDING OF THE BUSINESS ENVIRONMENT.
TO EDUCATE AND REPRESENT THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Bunde Chairman | Officer | 6 | $0 |
Michael Dodd Vice Chairman | Officer | 6 | $0 |
Blake Whitten Treasurer | Officer | 6 | $0 |
Tracy Tyler Director | Trustee | 1 | $0 |
Omeaka Jackson Director | Trustee | 1 | $0 |
Jennifer Layton Chair Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,441 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,851 |
| Total Program Service Revenue | $14,810 |
| Investment income | $569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,680 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,910 |
| 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 | $113,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,939 |
| Payroll taxes | $6,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,783 |
| Office expenses | $8,981 |
| Information technology | $6,601 |
| Royalties | $0 |
| Occupancy | $11,144 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $428 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,283 |
| Insurance | $2,401 |
| All other expenses | $0 |
| Total functional expenses | $175,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,530 |
| Savings and temporary cash investments | $96,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,285 |
| 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 | $9,138 |
| Net Land, buildings, and equipment | $4,924 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,972 |
| Accounts payable and accrued expenses | $10,312 |
| Grants payable | $0 |
| Deferred revenue | $131,410 |
| 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 | $141,722 |
| Net assets without donor restrictions | $153,250 |
| 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 | $294,972 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dorchester Chamber Of Commerce Inc has recieved totaling $83,309.
| Awarding Organization | Amount |
|---|---|
Mac Incorporated Salisbury, MD PURPOSE: VARIOUS SENIOR SERVICES | $83,309 |
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 |