Martinsburg Berkeley County Chamber Of Commerce
- Assets
- $220.6k
- Revenue
- $297.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Martinsburg, WV
- Founding
- 11/1975
- Data as of
- 12/2022
- EIN
- 55-0140178
Organization Overview
Martinsburg Berkeley County Chamber Of Commerce is located in Martinsburg, WV. The organization was established in 1975. 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, Martinsburg Berkeley 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. Martinsburg Berkeley 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 12/2022, Martinsburg Berkeley County Chamber Of Commerce generated $297.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $344.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 4 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 MARTINSBURG BERKELEY COUNTY CHAMBER OF COMMERCE IS TO FACILITATE THE ECONOMIC PROGRESS OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CHAMBER OF COMMERCE HAS APPROXIMATELY 500 MEMBERS WITH MORE THAN 1400 REPRESENTATIVES. WE HELD OVER 75 INFORMATIONAL MEETING, STATEWIDE LEGISLATIVE ISSUES MEETINGS, AND 11 BUSINESS NETWORKING MIXERS. WE ALSO HELD OTHER EVENTS WHICH INCLUDED PROVIDING WELCOME BAGS TO TEACHERS, AN AUCTION EVENT, ANNUAL BUSINESS RECOGNITION EVENT, AND CORPORATE GOLF TOURNAMENT. OUR COMMITTEES ADDRESSED MANY ISSUES INCLUDING WORKFORCE NEEDS, TRANSPORTATION, AND OTHER COMMUNITY ISSUES AND WORKED WITH OTHER ORGANIZATIONS AND COMPANIES TO ATTRACT NEW BUSINESSES, PROFESSIONALS, AND INDUSTRIES THAT WOULD COMPLEMENT EXISTING BUSINESSES AND INDUSTRIES. WE ALSO INCREASED OUR EFFORTS IN SHARING INFORMATION ABOUT OUR BUSINESSES AND THE IMPORTANCE OF SUPPORTING THE LOCAL BUSINESS COMMUNITY. PROGRAMS AND EVENTS WERE HELD EITHER IN PERSON OR VIA ZOOM, WHICH ENABLED US TO CONTINUE TO PROVIDE SUPPORT AND INFORMATION SHARING TO OUR MEMBERS AND PARTICIPANTS REGARDESS OF WHERE THEY WERE LOCATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Langford Board Chairman | OfficerTrustee | 5 | $0 |
Justin Henry Board Chair Elect | OfficerTrustee | 5 | $0 |
Maria Lorensen Board Vice Chair | OfficerTrustee | 5 | $0 |
Pamela Wagoner Board Past Chair | OfficerTrustee | 5 | $0 |
Kenneth Barton Treasurer | OfficerTrustee | 5 | $0 |
Mary Beth Blair Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $135,788 |
| 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 | $135,788 |
| Total Program Service Revenue | $136,462 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,385 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,594 |
| 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 | $169,033 |
| Pension plan accruals and contributions | $5,450 |
| Other employee benefits | $28,961 |
| Payroll taxes | $7,136 |
| 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 | $0 |
| Advertising and promotion | $10,297 |
| Office expenses | $6,498 |
| Information technology | $6,168 |
| Royalties | $0 |
| Occupancy | $21,527 |
| 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 | $4,922 |
| All other expenses | $0 |
| Total functional expenses | $344,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343 |
| Savings and temporary cash investments | $220,299 |
| 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 | $220,642 |
| Accounts payable and accrued expenses | $2,918 |
| 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 | $2,918 |
| Net assets without donor restrictions | $217,724 |
| 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 | $220,642 |