Cumberland-Allegany County Industrial Foundation Incorporated
- Assets
- $116.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cumberland, MD
- Founding
- 03/1965
- Data as of
- 06/2024
- EIN
- 52-0816138
Organization Overview
Cumberland-Allegany County Industrial Foundation Incorporated is located in Cumberland, MD. The organization was established in 1965. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland-Allegany County Industrial Foundation Incorporated 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 06/2024, Cumberland-Allegany County Industrial Foundation Incorporated generated $84.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $100.0k during the year ending 06/2024. While expenses have increased by 4.1% per year over the past 9 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO AID LOCAL COMMERCE AND INDUSTRY GROWTH AND EXPANSION AND TO FOSTER CREATION OF NEW INDUSTRY COMING INTO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Mckenzie President | 2 | $0 | |
John Emerick Vice Preside | 1 | $0 | |
David Turnbull CPA Treasurer | 1 | $0 | |
Jeff Mckenzie Secretary | 1 | $0 | |
Renee Bone Director | 0 | $0 | |
Dr Sudhir Singh Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,450 |
| Total Program Service Revenue | $49,681 |
| Membership dues | $2,900 |
| Investment income | $4,129 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,160 |
| 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 | $6,720 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $93,150 |
| Total expenses | $99,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $116,596 |
| Other assets | $0 |
| Total assets | $116,596 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,596 |