Greater Baltimore Committee Inc
- Assets
- $7.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Baltimore, MD
- Founding
- 03/1957
- Data as of
- 12/2023
- EIN
- 52-0645650
Organization Overview
Greater Baltimore Committee Inc is located in Baltimore, 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. As of 12/2023, Greater Baltimore Committee Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Baltimore Committee Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Greater Baltimore Committee Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A STRONG, UNIFIED AND EFFECTIVE VOICE FOR THE BUSINESS COMMUNITY IN THE FUNCTIONAL AREA OF URBAN AFFAIRS AND PUBLIC POLICY, BUSINESS SERVICES AND INFORMATION, AND ECONOMIC DEVELOPMENT, THEREBY PROMOTING THE BALTIMORE REGION AS AN OUTSTANDING PLACE TO LIVE, WORK AND DO BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ADVOCACY - ACTIVITIES INCLUDE MULTIPLE SUBJECT MATTER POLICY COMMITTEE MEETINGS WITH MEMBERS TO LEARN, FORGE CONSENSUS, AND DEVELOP POLICY POSITIONS ON BUSINESS AND INDUSTRY RELATED MATTERS. COMMITTEES INCLUDE, BUT ARE NOT LIMITED TO, EDUCATION AND WORKFORCE, TRANSPORTATION AND MOBILITY, HEALTH CARE, PUBLIC SAFETY, TOURISM, CULTURE AND ENTERTAINMENT, BIOSCIENCE, AND ECONOMIC DEVELOPMENT. POLICY POSITIONS ARE COMMUNICATED TO MEMBERS AND ELECTED AND APPOINTED OFFICIALS DIRECTLY AND INDIRECTLY THROUGH VARIOUS METHODS OF COMMUNICATION. SPECIAL WORKGROUPS ARE CREATED FOR ISSUES SUCH AS COALITION FOR A SECOND CHANCE BUSINESS RELATED ISSUES PERTAINING TO RETURNING CITIZENS, BRIDGING THE GAP WOMEN AND MINORITY-OWNED BUSINESSES, AND REGIONAL WORKFORCE DEVELOPMENT TASK FORCE PREPARING THE NEXT GENERATION FOR WORKERS.
MEMBERSHIP DEVELOPMENT - ACTIVITIES INCLUDE HOSTING PERSONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS, INFORMATIONAL EVENTS FOCUSED ON PROMINENT POLITICAL, EDUCATION, AND BUSINESS LEADERS, SEMINARS ON BUSINESS AND ECONOMIC RELATED ISSUES, AND RECRUITMENT OF NEW MEMBERS AND RETENTION EFFORTS OF EXISTING MEMBERS. SPECIAL PROGRAMS INCLUDE NEXT UP EMERGING LEADERS PROGRAM AND BWOMEN WOMEN BUSINESS EXECUTIVE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Thomas President & CEO | Officer | 40 | $407,670 |
Sharon M Schreiber COO | Officer | 40 | $196,796 |
Pothik Chatterjee Econ Str Officer | 40 | $129,690 | |
Nekoro Gomes VP Marketing | 40 | $128,428 | |
Timothy Evans VP Of Membership | 40 | $126,578 | |
Jeffrey Zuback Sr Dir Pub Safety | 40 | $124,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,774,050 |
| Fundraising events | $285,419 |
| 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 | $3,059,469 |
| Total Program Service Revenue | $36,336 |
| Investment income | $147,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$229,002 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,019,291 |
| 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. | $604,466 |
| Compensation of current officers, directors, key employees. | $142,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,079,495 |
| Pension plan accruals and contributions | $59,619 |
| Other employee benefits | $280,111 |
| Payroll taxes | $113,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,366 |
| Fees for services: Accounting | $84,784 |
| Fees for services: Lobbying | $45,700 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,218 |
| Fees for services: Other | $54,049 |
| Advertising and promotion | $198,810 |
| Office expenses | $72,040 |
| Information technology | $159,116 |
| Royalties | $0 |
| Occupancy | $335,724 |
| Travel | $39,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,337 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,455 |
| Insurance | $12,628 |
| All other expenses | $8,754 |
| Total functional expenses | $3,791,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,767 |
| Savings and temporary cash investments | $81,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,950 |
| 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 | $60,643 |
| Net Land, buildings, and equipment | $131,938 |
| Investments—publicly traded securities | $4,830,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,320,153 |
| Total assets | $7,176,538 |
| Accounts payable and accrued expenses | $283,714 |
| Grants payable | $0 |
| Deferred revenue | $42,250 |
| 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 | $1,362,992 |
| Total liabilities | $1,688,956 |
| Net assets without donor restrictions | $5,487,582 |
| 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 | $7,176,538 |