Laurel Board Of Trade Inc
- Assets
- $73.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laurel, MD
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 52-1783170
Organization Overview
Laurel Board Of Trade Inc is located in Laurel, MD. The organization was established in 1992. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, 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. Laurel Board Of Trade 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 12/2022, Laurel Board Of Trade Inc generated $81.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $46.8k during the year ending 12/2022. 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 |
|---|---|---|---|
James Cross Chairman | 0 | $0 | |
Marilyn Johnson President | 0 | $0 | |
Garry Wilson Vice Preside | 0 | $0 | |
Jan Able Secretary | 0 | $0 | |
John Donohue Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
| Total Program Service Revenue | $5,410 |
| Membership dues | $11,338 |
| Investment income | $175 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $34,527 |
| Other Revenue | $0 |
| Total Revenue | $81,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,887 |
| Professional fees and other payments to independent contractors | $2,850 |
| Occupancy, rent, utilities, and maintenance | $10,800 |
| Printing, publications, postage, and shipping | $174 |
| Other expenses | $15,046 |
| Total expenses | $46,757 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,945 |
| Other assets | $0 |
| Total assets | $73,945 |
| Total liabilities | $34,900 |
| Net assets or fund balances | $39,045 |