Baltimore Maritime Exchange Inc
- Assets
- $776.8k
- Revenue
- $343.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Baltimore, MD
- Founding
- 04/1956
- Data as of
- 12/2023
- EIN
- 52-0634742
Organization Overview
Baltimore Maritime Exchange Inc is located in Baltimore, MD. The organization was established in 1956. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. As of 12/2023, Baltimore Maritime Exchange Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Maritime Exchange 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, Baltimore Maritime Exchange Inc generated $343.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $215.9k 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 EXCHANGE PROVIDES SHIP-TO-SHORE RADIO COMMUNICATIONS & INFO SERVICES BETWEEN SHIPS COMING TO THE PORT OF BALTIMORE, RESPECTIVE SHIPPING AGENTS, AND OTHER INTERESTED PARTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXCHANGE PROVIDES SHP-TO-SHORE RADIO COMMUNICATIONS BETWEEN SHIPS COMING INTO THE PORT OF BALTIMORE AND THEIR RESPECTIVE SHIPPING AGENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ingrid Londono General Manager | Officer | 40 | $68,688 |
Michael Reagoso Director | Trustee | 0 | $0 |
Michael Derby Director | Trustee | 0 | $0 |
James W Bartlett III Director | Trustee | 0 | $0 |
David Chenowith Vice President | Officer | 0 | $0 |
Captain Eric A Nielsen President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,195 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| 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 | $74,195 |
| Total Program Service Revenue | $264,265 |
| Investment income | $4,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,627 |
| 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. | $68,688 |
| Compensation of current officers, directors, key employees. | $34,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,295 |
| Pension plan accruals and contributions | $13,240 |
| Other employee benefits | $17,335 |
| Payroll taxes | $11,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $856 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $419 |
| Information technology | $11,471 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,989 |
| All other expenses | $26 |
| Total functional expenses | $215,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,942 |
| Savings and temporary cash investments | $524,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,737 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $118,856 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,769 |
| Accounts payable and accrued expenses | $1,624 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,624 |
| Net assets without donor restrictions | $775,145 |
| 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 | $776,769 |
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|---|---|---|
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Association Of Clean Water Administrators Washington, DC | $2,123,161 | $1,401,696 |
Virginia Water Environment Association Inc Glen Allen, VA | $1,100,081 | $512,680 |
National Fish Habitat Fund Inc Washington, DC | $1,398,536 | $1,586,940 |
Baltimore Maritime Exchange Inc Baltimore, MD | $776,769 | $343,627 |
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