World Trade Center Institute Inc
- Assets
- $3.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Baltimore, MD
- Founding
- 06/1989
- Data as of
- 06/2022
- EIN
- 52-1591820
Organization Overview
World Trade Center Institute Inc is located in Baltimore, MD. The organization was established in 1989. 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 06/2022, World Trade Center Institute Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Trade Center Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, World Trade Center Institute Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INTERNATIONAL BUSINESS NETWORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS AND EVENTS PROVIDED TO EDUCATE THE BUSINESS COMMUNITY FOR
MEMBERSHIP ACTIVITIES PROVIDE THE MEMBERS ACCESS TO VARIOUS
ARRANGE PROFESSIONAL MEETING AND CULTURAL ACTIVITIES FOR INTERNATIONAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Thomson Director | Trustee | $0 | |
Scott Menzies Director | OfficerTrustee | $0 | |
K Flanagan Director | Trustee | $0 | |
Kelly Schulz Director | Trustee | $0 | |
Kewin Gales Director | Trustee | $0 | |
K Vignarajah Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $181,710 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $837,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,196,104 |
| Total Program Service Revenue | $581,851 |
| Investment income | $107,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,926,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $393,549 |
| Compensation of current officers, directors, key employees. | $98,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,083,630 |
| Pension plan accruals and contributions | $43,000 |
| Other employee benefits | $105,437 |
| Payroll taxes | $105,774 |
| Fees for services: Management | $23,016 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,912 |
| Office expenses | $84,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,461 |
| Travel | $13,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,818 |
| Insurance | $7,737 |
| All other expenses | $28,255 |
| Total functional expenses | $2,279,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,792 |
| Savings and temporary cash investments | $36,585 |
| Pledges and grants receivable | $80,342 |
| Accounts receivable, net | $58,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,594 |
| Net Land, buildings, and equipment | $22,032 |
| Investments—publicly traded securities | $3,509,405 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,944,230 |
| Accounts payable and accrued expenses | $373,928 |
| Grants payable | $0 |
| Deferred revenue | $210,755 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $584,683 |
| Net assets without donor restrictions | $2,903,468 |
| Net assets with donor restrictions | $456,079 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,944,230 |