Form 990 for tax year 2022
Filed by CENTRAL MARYLAND CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $275,992
- Total expenses
- $296,323
- Contributions and grants received
- $253,031
- Grants paid
- $0
- Program service revenue
- $22,961
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $82,906
- Total liabilities, end of year
- $76,104
- Net assets or fund balances, end of year
- $6,802
- Program services expenses (Part IX)
- $296,323
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 100.0% 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
$131,675
-
1e · Government grants (contributions)
$33,000
-
1f · All other contributions, gifts and grants
$88,356
-
2a · Program service revenue: Annual Members Meeting
total $2,023 · related or exempt $2,023
-
2b · Program service revenue: Golf Tournament
total $11,002 · related or exempt $11,002
-
2c · Program service revenue: Membership Meeting
total $4,854 · related or exempt $4,854
-
2d · Program service revenue: Military Affairs
total $1,417 · related or exempt $1,417
-
2e · Program service revenue: Silent Auction
total $5,611 · related or exempt $5,611
-
2f · All other program service revenue
total -$1,946 · related or exempt -$1,946
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $193,867 · program services $193,867
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $7,305 · program services $7,305
-
10 · Payroll taxes
total $16,038 · program services $16,038
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,212 · program services $4,212
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $188 · program services $188
-
13 · Office expenses
total $1,250 · program services $1,250
-
14 · Information technology
total $12,912 · program services $12,912
-
15 · Royalties
total $0
-
16 · Occupancy
total $34,323 · program services $34,323
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,444 · program services $1,444
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,694 · program services $3,694
-
24a · Other expenses: Credit Card Fees
total $5,671 · program services $5,671
-
24b · Other expenses: Board Expenses
total $4,897 · program services $4,897
-
24c · Other expenses: Telephone
total $3,572 · program services $3,572
-
24d · Other expenses: PROFESSIONAL DEV
total $2,679 · program services $2,679
-
24e · All other expenses
total $4,271 · program services $4,271
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $80,180 · end of year $67,466
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $12,687 · end of year $15,438
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$5,686
-
10b · Land, buildings and equipment: accumulated depreciation
$5,686
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $2
-
17 · Accounts payable and accrued expenses
beginning of year $1,190 · end of year $3,528
-
19 · Deferred revenue
beginning of year $12,400 · end of year $25,000
-
24 · Unsecured notes and loans payable
beginning of year $52,144 · end of year $47,576
-
27 · Net assets without donor restrictions
beginning of year $27,133 · end of year $6,802
Mission and programs · 2022
Mission
The Cenral Maryland County Chamber of Commerce is a proven advocate for the Central Maryland ecomomy, including development of the Odenton Town Center, growth at Fort Meade, expansion of Arundel Mills, and funding of the public infrastructure needed to support all of it. The Chamber actively works to improve the market for business by growing the local economy. It also keeps you informed about what is going on in the area, promotes your business throughout Central Maryland and connects you to opportunities through networking events and personal introductions.Not your usual networking chamber,the Central Maryland Chamber is an active agent for economic development, facilitating business growth and advocating for the infrastructure necessary to support that growth.
Activities or mission (Part I)
The Central Maryland Chamber of Commerce is a proven advocate for the central Maryland Economy, including development of the Odenton Town Center, growth at Ft Meade, expansion of Arundel Mills, and funding infrasture needed to support all of it.The Chamber works to improve the market for business by growing the local economy. It also keeps its members informed about what is going on in the area, promotes business throughout central maryland and connects its members to opportunities through networking and personal introductions.
-
ADVOCATE: - The Central Maryland Chamber of Commerce is the voice for the central Maryland business community on issues impacting the area. Advocacy issues include: * supporting development of the Odenton Town Center, including the adoption of a functional Odenton Town Center Master Plan; * seeking funding for infrastructure, including roads, on and off post in support of continuing Fort Meade and private sector expansion; * monitoring county and state legislative processes to encourage business and development friendly regulation and taxation, and * addressing business and community needs related to the success of Maryland Live! Casino at Arundel Mills.PROMOTE AND CONNECT: - The Cenral Maryland County Chamber of Commerce actively promotes member businesses to those who can use their services, and helps members connect to opportunities through networking events, referrals and personal introductions.INFORM: - The Central Maryland Chamber of Commerce serves as a resource for members to learn about the area issues and trends, including growth at Fort Meade and in the surrounding area, area demographics, new projects on the horizon and legislation that can impact their businesses.
As filed on the 2022 return.
Listed in Part VII
-
Chris Riismandel
Past Chair
- Total calculated
- $0
- Hours/week
- 3
-
Mike Cammarata
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Cindi Mitchell
1st Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Shay Cook
2nd Vice Chair
- Total calculated
- $0
- Hours/week
- 0
-
Eric Harris
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sonja Gladwin
At Large
- Total calculated
- $0
- Hours/week
- 0
-
Anthony Brooks Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Deena Kilmon
At Large
- Total calculated
- $0
- Hours/week
- 1
-
Kristi Korwek
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Kristi Simon
President & CEO
- Total calculated
- $0
- Hours/week
- 1
-
Bola Audena
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Mary Bello
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Kimberly Austing
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Lee Crumbaugh
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Jeremy Day
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Barry Fields
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
M Scott Spedden
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Jonathan Williams
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Lori Ratzburg
Ex Officio
- Total calculated
- $0
- Hours/week
- 0
-
Stephen Stern
Board Attorney
- 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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349312002
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