Calvert County Chamber Of Commerce Inc
- Assets
- $511.0k
- Revenue
- $190.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Prince Frederick, MD
- Founding
- 01/1983
- Data as of
- 12/2022
- EIN
- 52-1215923
Organization Overview
Calvert County Chamber Of Commerce Inc is located in Prince Frederick, MD. The organization was established in 1983. 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 12/2022, Calvert County Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calvert County 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 12/2022, Calvert County Chamber Of Commerce Inc generated $190.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $214.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CALVERT COUNTY CHAMBER OF COMMERCE IS TO BE THE INFLUENTIAL VOICE OF BUSINESS, CREATING ECONOMIC VITALITY BY PROMOTING BUSINESS COMMUNITY AND ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OF COMMERCE ALLOWS ITS MEMBERSHIP THE ABILITY TO BE PART OF A LARGER ORGANIZATION THAT WILL ADVOCATE, EDUCATE AND CONNECT WITHIN THE BUSINESS COMMUNITY. THE CHAMBER OFFERS NUMEROUS OPPORTUNITIES THROUGH NETWORKING AND EDUCATIONAL PROGRAMS TO ALLOW A BUSINESS TO SUCCEED IN CALVERT COUNTY. MONTHLY NETWORKING MEETINGS, EDUCTIONAL PROGRAMS ON CURRENT BUSINESS TOPICS AND WEEKLY NEWSLETTERS ARE AVAILABLE TO HELP THE BUSINESS SUCCEED IN THE COMMUNITY.
WEEKLY E-BLAST NEWSLETTER IS SENT TO ALL MEMBERS WHICH HELPS BUSINESS COMMUNITY STAY INFORMED ON LOCAL BUSINESS ISSUES AND EVENTS. INFORMATIONAL EDUCTIONAL EVENTS TO INFORM THE MEMBERSHIP ON CURRENT BUSINESS TOPICS AND LEGISLATIVE MATTERS THAT MAY AFFECT THEIR BUSINESS. PROVIDE A VOICE ON LOCAL COMMITTEES IN THE COMMUNITY THAT ARE INVOLVED IN ISSUES IMPACTING THE BUSINESS CLIMATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Barrett 1st Vice Cha | OfficerTrustee | $0 | |
Dana Bustin Board Member | Trustee | $0 | |
Tony Destefano Treasurer | OfficerTrustee | $0 | |
Thais Falavigna Board Member | Trustee | $0 | |
Mark Frisco Chair Of The | OfficerTrustee | $0 | |
Janna Jackson Past Chair | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $175,238 |
| Investment income | $2,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,500 |
| Net Gain/Loss on Asset Sales | $580 |
| Net Income from Fundraising Events | $3,547 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,658 |
| 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 | $145,499 |
| Pension plan accruals and contributions | $2,415 |
| Other employee benefits | $0 |
| Payroll taxes | $11,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,095 |
| Office expenses | $2,905 |
| Information technology | $12,413 |
| Royalties | $0 |
| Occupancy | $9,433 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,932 |
| Insurance | $5,526 |
| All other expenses | $1,933 |
| Total functional expenses | $214,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,422 |
| Savings and temporary cash investments | $239,926 |
| 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 | $20,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $163,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $511,033 |
| Accounts payable and accrued expenses | $2,337 |
| Grants payable | $0 |
| Deferred revenue | $23,014 |
| 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 | $144,659 |
| Total liabilities | $170,010 |
| Net assets without donor restrictions | $341,023 |
| 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 | $511,033 |