The Central Maryland Chamber Educational Foundation Inc
- Assets
- $173.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 02/1985
- Data as of
- 12/2019
- EIN
- 52-1256069
Organization Overview
The Central Maryland Chamber Educational Foundation Inc is located in Laurel, MD. The organization was established in 1985. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Maryland Chamber Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Central Maryland Chamber Educational Foundation Inc generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $19.4k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS - PROVIDE SCHOLARSHIP AWARDS FOR POST SECONDARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Barrett Secretary/treasurer | 2 | $0 | |
Wayne Wilhelm Immediate Past President | 1 | $0 | |
Andrew Flott President | 3 | $0 | |
Adam Berman Director | 1 | $0 | |
Larry Bormel CPA Director | 1 | $0 | |
R Stephen Carroll ESQ Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,235 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,133 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$99 |
| Other Revenue | $0 |
| Total Revenue | $5,269 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,035 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,344 |
| Total expenses | $19,379 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $173,541 |
| Other assets | $0 |
| Total assets | $173,541 |
| Total liabilities | $0 |
| Net assets or fund balances | $173,541 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Lawyers Committee For Civil Rights & Urban Affairs Washington, DC | $6,938,100 | $7,098,758 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
Ruth And Jo Stone Foundation Wilmington, DE | $38,423,105 | $10,158,893 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
Tudor Place Foundation Inc Washington, DC | $3,166,856 | $2,256,203 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |
Comcast Spectacor Charities Philadelphia, PA | $2,242,195 | $1,546,757 |
Unidentified Foundation Wilmington, DE | $12,790,593 | $141,502 |
Nada Foundation Tysons, VA | $20,736,330 | $5,973,378 |
National Taxpayers Union Foundation Washington, DC | $4,764,354 | $2,191,113 |