Olney Chamber Of Commerce Inc
- Assets
- $52.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olney, MD
- Founding
- 10/1987
- Data as of
- 06/2023
- EIN
- 52-1390825
Organization Overview
Olney Chamber Of Commerce Inc is located in Olney, MD. The organization was established in 1987. 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. Olney 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 06/2023, Olney Chamber Of Commerce Inc generated $146.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $114.6k during the year ending 06/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
SUPPORTED, PROMOTED, AND REPRESENTED THE BUSINESS INTERESTS OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Bailey Board Member | 0.5 | $0 | |
R Bienvenue Board Member | 0.5 | $0 | |
R Paugh Board Member | 0.5 | $0 | |
M Rosendorf Board Member | 0.5 | $0 | |
K Rollings Board Member | 0.5 | $0 | |
M Wetmore Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,584 |
| Total Program Service Revenue | $59,930 |
| Membership dues | $62,247 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,765 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,952 |
| Professional fees and other payments to independent contractors | $348 |
| Occupancy, rent, utilities, and maintenance | $1,908 |
| Printing, publications, postage, and shipping | $343 |
| Other expenses | $53,001 |
| Total expenses | $114,552 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,922 |
| Other assets | $0 |
| Total assets | $52,192 |
| Total liabilities | $1,182 |
| Net assets or fund balances | $51,010 |