Maryland Chamber Foundation
- Assets
- $111.5k
- Revenue
- $207.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 06/1988
- Data as of
- 12/2021
- EIN
- 52-1557804
Organization Overview
Maryland Chamber Foundation is located in Annapolis, MD. The organization was established in 1988. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE SHARED VISION OF A BETTER MARYLAND. WITH PRIORITIES LIKE RESEARCH, DEVELOPMENT, AND EDUCATION, THE FOUNDATION IS A CORNERSTONE OF COMMUNITY-BUILDING IN BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISED AND EXPENDED FUNDS FOR THE PURPOSES OF TEACHER EXTERNSHIPS, PROMOTING AND DISTRIBUTING RESEARCH ON IMPORTANT BUSINESS ISSUES IN THE MARYLAND ECONOMY AND BUSINESS CLIMATE ALONG WITH PROVIDING EDUCATIONAL FORUMS TO DISCUSS AND DEBATE POLICY IMPACTING MARYLAND BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Ross President/ceo - Term End 07/2021 | OfficerTrustee | 3 | $0 |
Jim Cantor Chairman | OfficerTrustee | 1 | $0 |
Mary Kane President/ceo - Term Begin 10/2021 | OfficerTrustee | 1 | $0 |
Steven Edwards Treasurer | OfficerTrustee | 1 | $0 |
Sheela Murthy Immediate Past Chair | OfficerTrustee | 1 | $0 |
Fiona Ong 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 | $207,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,682 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $156,000 |
| 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 | $68,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $13,052 |
| Total functional expenses | $249,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,474 |
| 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 | $111,474 |
| Accounts payable and accrued expenses | $2,724 |
| Grants payable | $0 |
| Deferred revenue | $7,500 |
| 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 | $10,224 |
| Net assets without donor restrictions | $68,750 |
| Net assets with donor restrictions | $32,500 |
| 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 | $111,474 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Chamber Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Grant to raise awareness for civics education through a local competition. | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Rural Service Arlington, VA | $5,153,069 | $1,221,350 |
The Correctional Education Association Inc Norfolk, VA | $504,980 | $455,224 |
Maryland Chamber Foundation Annapolis, MD | $111,474 | $207,682 |
The York County Alliance For Learning York, PA | $117,711 | $0 |
Three Rivers Area Labor Management Committee Inc Canonsburg, PA | $9,813 | $0 |
Meadville Area Chamber Of Commerce Foundation Meadville, PA | $61,333 | $0 |
Lancaster Building Industry Foundation Lancaster, PA | $147,245 | $0 |