Towson Chamber Of Commerce

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

EIN: 520821965 ✦ Towson, MD ✦ Designated as a 501(c)(6)

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Overview

What is Towson Chamber Of Commerce?

The Towson Chamber of Commerce, situated in Towson, Maryland, serves as a pivotal organization fostering business relationships within the local community. With a team of four dedicated individuals, its primary purpose is to stimulate the growth and development of businesses in the area. The chamber achieves this by organizing events such as weekly block parties during the spring and summer seasons, featuring live entertainment and children's activities, to engage the community and promote local businesses. Notable events include "Rocktoberfest" in October, a music festival, and events like "Garden Day" and "Spring Festival," all designed to boost business and merchant popularity in Towson. The chamber's mission extends beyond promotion, offering networking opportunities for its members, and contributing to the enhancement of the community's economy and overall quality of life.


Official website here: www. towsonchamber.com

Is Towson Chamber Of Commerce legitimate?

Towson Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Towson 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: $107,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,976

For more financial information, click here


Official website here: www. towsonchamber.com

What is the mission statement of Towson Chamber Of Commerce?

The Towson Chamber of Commerce's mission is primarily focused on promoting business relations within the community. This organization encourages the growth and development of local businesses, serving as a catalyst for their success. In addition to this, they provide networking opportunities for their members, fostering a sense of camaraderie and collaboration amongst businesses. The chamber also plays a significant role in promoting the community's economy and quality of life, contributing to its overall prosperity.

To achieve these objectives, the Towson Chamber of Commerce organizes various events and activities. For instance, they sponsor weekly block parties during the summer months, featuring live entertainment and children's activities, all aimed at promoting local businesses. They also host events such as "Rocktoberfest," a music festival, and "Garden Day" and "Spring Festival," which further support and showcase local merchants in the area.


Official website here: www. towsonchamber.com

Who is the CEO of Towson Chamber Of Commerce?

Nancy Hafford is the Executive Dir. of Towson Chamber Of Commerce.


Official website here: www. towsonchamber.com

What is the revenue of Towson Chamber Of Commerce?

Towson Chamber Of Commerce's revenue in 2022 was $547,085.


Official website here: www. towsonchamber.com

Who are the executives of Towson Chamber Of Commerce and what are their salaries?

The average compensation at Towson Chamber Of Commerce during 2022 was $33,767. There are 4 employees at Towson Chamber Of Commerce.


Here are 5 key members and their salaries:


Nancy Hafford (Executive Dir.)
  • Compensation: $107,093
  • Related: $0
  • Other: $0
Emily Brophy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Simpson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Dimartino (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Gronert (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www. towsonchamber.com

Where can I find the form 990 for Towson Chamber Of Commerce?

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


Official website here: www. towsonchamber.com

Learn more at the official website: www. towsonchamber.com

Mission Statement of Towson Chamber Of Commerce

The Towson Chamber of Commerce is dedicated to fostering strong business relationships within the community and encouraging the growth and development of local businesses and merchants. Their mission involves promoting networking opportunities for its members, thereby contributing to the enhancement of the community's economy and quality of life. To achieve this, the Chamber organizes various events and activities, such as weekly block parties during the summer months, known as "Feet on the Street." These events feature live entertainment and children's activities, aiming to attract community members and boost local businesses.

Beyond these weekly gatherings, the Towson Chamber of Commerce also sponsors larger-scale events like "Rocktoberfest," a music festival, and "Garden Day" and "Spring Festival," both of which are designed to showcase and promote local businesses in the Towson area. By organizing these events, the Chamber of Commerce plays a significant role in fostering a sense of community and supporting the growth of local businesses and merchants.

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Impact




October, 2024

The Towson Chamber of Commerce significantly impacts the local business environment and community engagement in Towson, Maryland. By fostering strong relationships between businesses and community members, it creates a vibrant atmosphere that encourages economic development.

Events like "Feet on the Street," weekly block parties from May through September, bring the community together. These gatherings feature live entertainment and children's activities, drawing foot traffic that benefits local merchants. Additionally, major events such as "Rocktoberfest," a music festival in October, "Garden Day," and "Spring Festival" further enhance community interaction and highlight local businesses.

The chamber's mission focuses on promoting business relations, supporting the growth and development of local enterprises, and enhancing the overall quality of life in Towson. By providing valuable networking opportunities, the Towson Chamber of Commerce not only strengthens the local economy but also enriches community ties, making it a vital asset to the area.




This information is meant to be a general summary of Towson 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
$547,085 (2022)
201120122013201420152016201720182019202020212022$0$150k$300k$450k$600k
Expenses
$475,435 (2022)
201120122013201420152016201720182019202020212022$0$150k$300k$450k$600k
Efficiency
2011201220132014201520162017201820192020202120220%9%18%27%41%

Other financial information:

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

  • Investment Income: $79
  • Program Service Revenue: $179,965
  • Gross Receipts: $686,999

Assets and Liabilities:

  • Total Assets: $642,910
  • Total Liabilities: $80,956
  • Net Assets: $561,954

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Organization Details

Founding Year

1964

Principal Officer

Nancy Hafford

Main Address

44 W CHESAPEAKE AVE, TOWSON, MD, 21204

NTEE Category

Code: S41 - Community improvement

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