Form 990 for tax year 2024
Filed by CENTRAL MARYLAND CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $330,276
- Total expenses
- $323,578
- Contributions and grants received
- $158,726
- Grants paid
- $0
- Program service revenue
- $84,750
- Investment income
- $0
- Other revenue
- $86,800
- Total assets, end of year
- $21,945
- Total liabilities, end of year
- $53,645
- Net assets or fund balances, end of year
- -$31,700
- Program services expenses (Part IX)
- $318,823
- Management and general expenses
- $4,755
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $318,823
Program services were 98.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$158,726
-
2a · Program service revenue: Program Service Revenue
total $84,750 · related or exempt $84,750
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Miscellaneous
total $86,800 · related or exempt $86,800
-
11e · Other revenue, total
$86,800
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $144,814 · program services $144,814
-
7 · Other salaries and wages
total $38,887 · program services $38,887
-
11g · Fees: other
total $4,755 · management and general $4,755
-
14 · Information technology
total $11,755 · program services $11,755
-
16 · Occupancy
total $42,628 · program services $42,628
-
20 · Interest
total $1,072 · program services $1,072
-
24a · Other expenses: Event Cost
total $3,981 · program services $3,981
-
24b · Other expenses: Program Expenses
total $55,974 · program services $55,974
-
24c · Other expenses: Telephone Internet
total $4,093 · program services $4,093
-
24d · Other expenses: Office Expenses
total $15,619 · program services $15,619
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,272 · end of year $15,070
-
4 · Accounts receivable
beginning of year $7,342
-
9 · Prepaid expenses and deferred charges
end of year $6,875
-
17 · Accounts payable and accrued expenses
beginning of year $1,210 · end of year $6,569
-
19 · Deferred revenue
beginning of year $26,900 · end of year -$30,662
-
23 · Secured mortgages and notes payable
end of year $12,214
-
24 · Unsecured notes and loans payable
beginning of year $41,902 · end of year $65,524
-
27 · Net assets without donor restrictions
beginning of year -$38,398 · end of year -$31,700
Mission and programs · 2024
Mission
See Schedule O
-
See Schedule O
Expenses $318,823
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shay Cook
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Mary Bello
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Chris Barber
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Rochelle Hazzard
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Stephen Stern
Attorney
- Total calculated
- $0
- Hours/week
- 0
-
Mike Cammarata
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Dewan Clayborn
President & CEO
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533009349302123
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