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 12/2021, Laurel Board Of Trade Inc generated $9.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $23.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Cross Chairman | 0 | $0 | |
Marilyn Johnson President | 0 | $0 | |
Garry Wilson Vice Preside | 0 | $0 | |
John Donohue Treasurer | 0 | $0 | |
Jan Able Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $9,345 |
Investment income | $170 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $9,515 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $4,480 |
Professional fees and other payments to independent contractors | $1,540 |
Occupancy, rent, utilities, and maintenance | $10,800 |
Printing, publications, postage, and shipping | $58 |
Other expenses | $6,349 |
Total expenses | $23,227 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $39,251 |
Other assets | $0 |
Total assets | $39,251 |
Total liabilities | $34,900 |
Net assets or fund balances | $4,351 |
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