Wheaton & Kensington Chamber Of Commerce Inc
- Assets
- $9.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wheaton, MD
- Founding
- 08/1957
- Data as of
- 12/2023
- EIN
- 52-0634562
Organization Overview
Wheaton & Kensington Chamber Of Commerce Inc is located in Wheaton, MD. The organization was established in 1957. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheaton & Kensington 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 12/2023, Wheaton & Kensington Chamber Of Commerce Inc generated $38.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $45.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Moore President | 0 | $0 | |
James Onder Secretary-Treasurer | 0 | $0 | |
Laura-Leigh Palmer Trustee | 0 | $0 | |
Ellen Riger Trustee | 0 | $0 | |
George Sydnor Trustee | 0 | $0 | |
Omar Lazo Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,973 |
| Membership dues | $17,497 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,471 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,720 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $7,146 |
| Printing, publications, postage, and shipping | $1,947 |
| Other expenses | $8,301 |
| Total expenses | $45,614 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,788 |
| Other assets | $0 |
| Total assets | $9,665 |
| Total liabilities | $762 |
| Net assets or fund balances | $8,903 |