Ocean City Md Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 520710234 ✦ Ocean city, MD ✦ Designated as a 501(c)(6)

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Overview

What is Ocean City Md Chamber Of Commerce?

Ocean City Md Chamber Of Commerce is a nonprofit organization situated in Ocean City, Maryland. Their primary mission is to foster and champion the prosperity of local businesses by cultivating a deeper awareness and esteem for their significance. They accomplish this through educating the business community and advocating for their interests on both local and national legislative and political platforms. Additionally, they strive to resolve or mitigate any business-related controversies that may arise. The organization supports the Ocean City Chamber of Commerce foundation, a 501(c)(3) entity, through various programs.


Official website here: www.oceancity.org

Is Ocean City Md Chamber Of Commerce legitimate?

Ocean City Md Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ocean City Md Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $358,295

For more financial information, click here


Official website here: www.oceancity.org

What is the mission statement of Ocean City Md Chamber Of Commerce?

The Ocean City Md Chamber of Commerce is dedicated to fostering commerce by enhancing the recognition and value of businesses. They accomplish this by educating the business community and serving as their advocate in local, state, and national legislative and political matters. The chamber also takes an active role in addressing any controversies that may impact commerce. One of their initiatives is supporting the Ocean City Chamber of Commerce Foundation, a non-profit organization. Their goal is to promote a thriving business environment and ensure the continued success of the business community.


Official website here: www.oceancity.org

Who is the CEO of Ocean City Md Chamber Of Commerce?

Amy Thompson is the Past Chair of Ocean City Md Chamber Of Commerce.


Official website here: www.oceancity.org

What is the revenue of Ocean City Md Chamber Of Commerce?

Ocean City Md Chamber Of Commerce's revenue in 2022 was $646,787.


Official website here: www.oceancity.org

Who are the executives of Ocean City Md Chamber Of Commerce and what are their salaries?

The average compensation at Ocean City Md Chamber Of Commerce during 2022 was $27,561. There are 13 employees at Ocean City Md Chamber Of Commerce.


Here are 19 key members and their salaries:


Toni Keiser (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Thompson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Cheung (Chair Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Pastusak (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobbi Sample (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sal Fasano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cole Taustin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan James (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Figgs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stefanie Rider (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Magnolia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Toms (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr George Ojie Ahamiojie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Groves (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Meehan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Apostolou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lyndsey Odachowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.oceancity.org

Where can I find the form 990 for Ocean City Md Chamber Of Commerce?

Ocean City Md Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.oceancity.org

Learn more at the official website: www.oceancity.org

Mission Statement of Ocean City Md Chamber Of Commerce

The Ocean City Md Chamber of Commerce serves a vital role in promoting commerce within Ocean City, Maryland. Their mission is multifaceted, involving the creation of a greater awareness and appreciation for the significance of businesses. They accomplish this by educating the local business community and advocating for their interests on various legislative and political platforms at both city, county, state, and national levels. Furthermore, the chamber seeks to mitigate or resolve any controversies that may arise in relation to commerce.

In line with their mission, the Ocean City Md Chamber of Commerce has established a foundation, Ocean City Chamber of Commerce Foundation, Inc., which operates as a 501(c)(3) organization. This foundation is an integral part of the chamber's activities, contributing to its overall objectives by providing additional support and resources for the betterment of the business community.

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Impact




October, 2024

The Ocean City MD Chamber of Commerce plays a crucial role in enhancing the economic landscape of Ocean City, Maryland. By fostering a greater understanding of the significance of local businesses, it helps create a robust commercial environment that benefits both entrepreneurs and the community at large.

The Chamber actively educates the business community, ensuring that local enterprises are informed about best practices, trends, and opportunities for growth. Its advocacy efforts on city, county, state, and national levels empower businesses, giving them a voice in legislative matters that can impact their operations and success.

Additionally, the Chamber addresses and mitigates controversies related to commerce, ensuring a stable business climate. Its support for initiatives through the Ocean City Chamber of Commerce Foundation further contributes to community improvement, reinforcing the bond between local businesses and the residents they serve. Overall, the Chamber is a vital catalyst for promoting commerce and enhancing the overall vitality of Ocean City.




This information is meant to be a general summary of Ocean City Md Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$646,787 (2022)
Expenses
$818,747 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,560
  • Program Service Revenue: $531,027
  • Gross Receipts: $698,348

Assets and Liabilities:

  • Total Assets: $1,239,829
  • Total Liabilities: $692,872
  • Net Assets: $546,957

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

THE GUIDE

Revenue

$356,317

MEMBERSHIP DUES

Revenue

$174,710

Organization Details

Founding Year

1953

Principal Officer

Amy Thompson

Main Address

12320 OCEAN GATEWAY, OCEAN CITY, MD, 21842

NTEE Category

Code: S41 - Community improvement

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