Baltimorewashington Corridor Chamber Laurel Maryland Inc
- Assets
- $0.0
- Revenue
- $268.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Laurel, MD
- Founding
- Data as of
- 06/2017
- EIN
- 52-1071930
Organization Overview
Baltimorewashington Corridor Chamber Laurel Maryland Inc is located in Laurel, MD. As of 06/2017, Baltimorewashington Corridor Chamber Laurel Maryland Inc employed 3 individuals. Baltimorewashington Corridor Chamber Laurel Maryland 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 06/2017, Baltimorewashington Corridor Chamber Laurel Maryland Inc generated $268.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $187.2k during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES BUSINESSES IN THE BALTIMORE/WASHINGTON CORRIDOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER ENGAGES IN ACTIVITIES SUCH AS MIXERS, DINNERS, TRADE SHOWS, AND NETWORKING BREAKFASTS TO PROMOTE BUSINESSES AND BUSINESS CONTACTS AND ALLOW LOCAL BUSINESSES TO DISPLAY THEIR PRODUCTS AND INFORMATION IN THE BALTIMORE WASHINGTON CORRIDOR. THE CHAMBER ALSO HOSTS SEMINARS, DEVELOPS "WHITEPAPERS AND EDUCATES THE BUSINESS COMMUNITY ABOUT LEGISLATIVE MATTERS.
THE CHAMBER OFFERS PUBLICATIONS SUCH AS THE CHAMBER NEWS, AREA MAPS AND AN ONLINE DIRECTORY TO MEMBERS, POTENTIAL MEMBERS AND AREA VISITORS.
THE CHAMBER PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE BALTIMORE WASHINGTON CORRIDOR CHAMBER FOUNDATION. THE FOUNDATION PROVIDES SCHOLARSHIPS TO AREA HIGH SCHOOL STUDENTS TO HELP DEFRAY THE COSTS OF ATTENDING COLLEGE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Harris Chairman | OfficerTrustee | 3 | $0 |
Ray Plummercpa Immediate Past Chair | OfficerTrustee | 3 | $0 |
Ellen Christian Vice President | OfficerTrustee | 1 | $0 |
Kent Menser Vice President | OfficerTrustee | 1 | $0 |
Richard Story Vice President | OfficerTrustee | 1 | $0 |
Bobby Mitchell Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,927 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,530 |
| Total Program Service Revenue | $121,184 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,859 |
| 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 | $67,413 |
| Pension plan accruals and contributions | $413 |
| Other employee benefits | $3,719 |
| Payroll taxes | $9,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,924 |
| Advertising and promotion | $9,043 |
| Office expenses | $9,154 |
| Information technology | $6,976 |
| Royalties | $0 |
| Occupancy | $19,370 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264 |
| Insurance | $3,102 |
| All other expenses | $10,013 |
| Total functional expenses | $187,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |