Gaithersburg-Germantown Chamber Of Commerce Inc

Organization Overview

Gaithersburg-Germantown Chamber Of Commerce Inc is located in Gaithersburg, MD. The organization was established in 1978. 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 12/2021, Gaithersburg-Germantown Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaithersburg-Germantown Chamber Of Commerce Inc 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 12/2021, Gaithersburg-Germantown Chamber Of Commerce Inc generated $467.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $364.4k during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE, REPRESENT AND BE THE LEADING ADVOCATE FOR THE INTERESTS OF OUR MEMBERSHIP IN WAYS THAT ENHANCE THE BUSINESS ENVIRONMENT, QUALITY OF LIFE AND WELL BEING OF OUR UNIQUE COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACHIEVEMENT OF THE ORGANIZATION'S MISSION STATEMENT- TO SERVE, REPRESENT AND BE THE LEADING ADVOCATE FOR APPROXIMATELY 400 ACTIVE MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Marilyn Balcombe
President/ce
$124,738
Henry Bernstein
V.chair Econ
$0
Adam D Cox
Treasurer
$0
Anita Anderson
Chair
$0
Bruce Kanner
Past Chair
$0
Heather Madison
Vice-Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $53,475
All other contributions, gifts, grants, and similar amounts not included above$10,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$63,475
Total Program Service Revenue$363,723
Investment income $20
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $15,512
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $467,120

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Gaithersburg-Germantown Chamber Of Commerce Inc has recieved totaling $25,950.

Awarding OrganizationAmount
Johns Hopkins University

Baltimore, MD

PURPOSE: CONTRIBUTION

$8,650
Johns Hopkins University

Baltimore, MD

PURPOSE: CONTRIBUTION

$8,650
Johns Hopkins University

Baltimore, MD

PURPOSE: CONTRIBUTION

$8,650
View Grant Recipient Profile

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