Carroll County Chamber Of Commerce
- Assets
- $384.7k
- Revenue
- $727.0k
- Investments
- $208.2k
- Employees
- 4
- Location
- Westminster, MD
- Founding
- 11/1926
- Data as of
- 12/2023
- EIN
- 52-0684041
Organization Overview
Carroll County Chamber Of Commerce is located in Westminster, MD. The organization was established in 1926. 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, Carroll County Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll County Chamber Of Commerce 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, Carroll County Chamber Of Commerce generated $727.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $718.4k during the year ending 12/2023. While expenses have increased by 6.2% 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
THE CARROLL COUNTY CHAMBER OF COMMERCE EXISTS TO PROMOTE A SOUND ECONOMIC ENVIRONMENT IN WHICH OUR BUSINESS COMMUNITY CAN PROSPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER HOSTS 50-60 EVENTS PER YEAR FOCUSING ON PROMOTING LOCAL BUSINESSES IN CARROLL COUNTY. RELATIONSHIPS ARE THE FABRIC OF EVERY SUCCESSFUL BUSINESS. THEREFORE, WE PLACE A PREMIUM ON CREATING OPPORTUNITIES AND EXPERIENCES FOR OUR MEMBERS TO MAKE MEANINGFUL CONNECTIONS AND BUILD RELATIONSHIPS WITH PROFESSIONALS, BUSINESS OWNERS, AND COMMUNITY LEADERS FROM CARROLL COUNTY, MD AND SURROUNDING AREAS. WE ARE OVER 650 MEMBERS STRONG AND LOOK FORWARD TO SERVING MANY MORE BUSINESSES IN THE YEARS TO COME.
LEADERSHIP CARROLL IS COSPONSORED BY THE CARROLL COUNTY CHAMBER OF COMMERCE AND CARROLL COMMUNITY COLLEGE. SINCE ITS DEBUT IN 1990, LEADERSHIP CARROLL HAS BEEN THE PREMIER LEADERSHIP DEVELOPMENT PROGRAM IN CARROLL COUNTY. ITS PURPOSE IS TO PROVIDE EXISTING AND EMERGING LEADERS WITH A COMBINATION OF LEADERSHIP TRAINING AND DETAILED KNOWLEDGE OF THE COMMUNITY, INCLUDING A DESCRIPTION OF THE PROBLEMS, OPPORTUNITIES, AND ISSUES FACING OUR COMMUNITY. EMPLOYERS FROM EVERY SIZE BUSINESS, ALONG WITH NONPROFIT AND GOVERNMENT ORGANIZATIONS, ENROLL THEIR MANAGERS AND KEY PROFESSIONAL STAFF IN THE PROGRAM AND PROVIDE THEM DIRECT CONTACT WITH THE LEADERS AND THE INSTITUTIONS CENTRAL TO THE PROCESS OF CHANGE IN CARROLL COUNTY. LEADERSHIP CARROLL IS YOUR BEST OPPORTUNITY TO ENHANCE YOUR OWN OR YOUR EMPLOYEE'S KNOWLEDGE OF WHO TO CALL ON AND HOW TO GET THINGS DONE IN CARROLL COUNTY. THE LEADERSHIP CARROLL PROGRAM HAD 43 GRADUATES IN 2023 AND CURRENTLY HAS 45 ENROLLED IN THE CLASS THIS YEAR.
THE CHAMBER HOSTS AN EVENT CALLED THE CARROLL BIZ CHALLENGE, WHICH HAS BECOME AN ANNUAL TRADITION IN CARROLL COUNTY. THE BIZ CHALLENGE OFFERS LOCAL ENTREPRENUERS THE EXCITING OPPORTUNITY TO PITCH THEIR NEW BUSINESS IDEAS TO MAKE GREAT CONNECTIONS, GET LOADS OF PUBLICITY, AND COMPETE FOR A 10,000 CASH PRIZE. IN 2023, THERE WERE 44 ENTRANTS IN THE CARROLL BIZ CHALLENGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcmullin President | Officer | 40 | $131,901 |
Brady Chapman Chair Of The | OfficerTrustee | 1 | $0 |
Val Giovagnoni Immediate Pa | OfficerTrustee | 1 | $0 |
Sherry Cracium-Bolin Treasurer | OfficerTrustee | 1 | $0 |
Steve Aquino Director | Trustee | 1 | $0 |
Andrea Berstler Director | Trustee | 1 | $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 | $192 |
| Noncash contributions included in lines 1a–1f | $192 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192 |
| Total Program Service Revenue | $674,798 |
| Investment income | $4,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,253 |
| Net Income from Fundraising Events | $49,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,998 |
| 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. | $146,589 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $140,682 |
| Office expenses | $30,031 |
| Information technology | $10,657 |
| Royalties | $0 |
| Occupancy | $23,853 |
| Travel | $7,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $168,312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,772 |
| All other expenses | $0 |
| Total functional expenses | $718,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,147 |
| Savings and temporary cash investments | $5,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,176 |
| 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 | $0 |
| Investments—other securities | $208,232 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,653 |
| Accounts payable and accrued expenses | $2,405 |
| 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 | $2,405 |
| Net assets without donor restrictions | $382,248 |
| 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 | $384,653 |