Maryland Vehicle Titling Association
- Assets
- $150.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 27-4673356
Organization Overview
Maryland Vehicle Titling Association is located in Westminster, MD. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Vehicle Titling Association 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, Maryland Vehicle Titling Association generated $158.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $161.4k during the year ending 12/2022. While expenses have increased by 14.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Smack Treasurer | 1 | $0 | |
Elizabeth Caro President / Secretary | 8 | $0 | |
Wendy May Executive Director | 1 | $0 | |
Lisa Thompas Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $133,543 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,543 |
| 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 | $88,313 |
| Occupancy, rent, utilities, and maintenance | $136 |
| Printing, publications, postage, and shipping | $916 |
| Other expenses | $72,064 |
| Total expenses | $161,429 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $149,246 |
| Other assets | $0 |
| Total assets | $150,021 |
| Total liabilities | $0 |
| Net assets or fund balances | $150,021 |