Overview
What is Ocean City Hotel Motel Restaurant Association Inc?
Ocean City Hotel Motel Restaurant Association Inc is a nonprofit organization that actively supports its member establishments and the local community. By promoting community services, they aim to enhance the well-being of their members. In addition to this, they extend their generosity by offering scholarships to Worcester Technical School, Wor-Wic Community College, and the University of Maryland Eastern Shore, providing educational opportunities for numerous individuals. Their initiatives include OC Bike Week, Restaurant Assoc of MD Donation Gala, and MD Tourism Donation-MD Tourism Events, which contribute to the local economy and engage the community. These events and donations demonstrate their commitment to supporting the tourism industry in the area.
Official website here: www.ocvisitor.com
Is Ocean City Hotel Motel Restaurant Association Inc legitimate?
Ocean City Hotel Motel Restaurant Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ocean City Hotel Motel Restaurant Association Inc 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: $124,996
For more financial information, click here
Official website here: www.ocvisitor.com
What is the mission statement of Ocean City Hotel Motel Restaurant Association Inc?
The Ocean City Hotel Motel Restaurant Association's primary mission is to promote community services for its members. This organization goes beyond its business role by providing educational scholarships to Wor-Wic Community College, Worcester Technical School, and the University of Maryland Eastern Shore. Furthermore, it engages in various programs such as OC Bike Week, the Restaurant Association of Maryland Donation Gala, and the MD Tourism Donation-MD Tourism Events, all aimed at enhancing the community's wellbeing.
Official website here: www.ocvisitor.com
Who is the CEO of Ocean City Hotel Motel Restaurant Association Inc?
Ryan Wilde is the Director of Ocean City Hotel Motel Restaurant Association Inc.
Official website here: www.ocvisitor.com
What is the revenue of Ocean City Hotel Motel Restaurant Association Inc?
Ocean City Hotel Motel Restaurant Association Inc's revenue in 2022 was $504,247.
Official website here: www.ocvisitor.com
Who are the executives of Ocean City Hotel Motel Restaurant Association Inc and what are their salaries?
The average compensation at Ocean City Hotel Motel Restaurant Association Inc during 2022 was $24,999. There are 5 employees at Ocean City Hotel Motel Restaurant Association Inc.
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Official website here: www.ocvisitor.com
Where can I find the form 990 for Ocean City Hotel Motel Restaurant Association Inc?
Ocean City Hotel Motel Restaurant Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocvisitor.com
Learn more at the official website: www.ocvisitor.com
Mission Statement of Ocean City Hotel Motel Restaurant Association Inc
The Ocean City Hotel Motel Restaurant Association, a renowned organization, is committed to promoting community services among its members. One of its significant missions is to provide scholarships to deserving students pursuing their education at Wor-Wic Community College, Worcester Technical School, and the University of Maryland Eastern Shore. Beyond this, the association engages in various programs designed to uplift its members and contribute to the community at large. These initiatives include organizing events such as OC Bike Week, hosting the Restaurant Association of MD Donation Gala, and supporting MD Tourism Events through donations. By doing so, the Ocean City Hotel Motel Restaurant Association effectively fosters a sense of unity and community among its members while also making a positive impact on the broader society.
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Impact
October, 2024
The Ocean City Hotel Motel Restaurant Association Inc significantly influences the community by actively promoting essential services and educational opportunities for its members. Through initiatives such as OC Bike Week and the Restaurant Association of Maryland Donation Gala, the organization fosters community engagement and economic vitality in Ocean City.
Additionally, it supports local students by offering scholarships to Wor-Wic Community College, Worcester Technical School, and the University of Maryland Eastern Shore, thereby enhancing educational access and workforce development.
Moreover, the association plays a key role in supporting tourism, facilitating events that boost local businesses and enhance the overall visitor experience in Ocean City. This comprehensive approach to community improvement not only strengthens the hospitality sector but also enriches the broader community through collaboration and support.
This information is meant to be a general summary of Ocean City Hotel Motel Restaurant Association Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,098
- Program Service Revenue: $362,620
- Gross Receipts: $526,213
Assets and Liabilities:
- Total Assets: $450,978
- Total Liabilities: $71,635
- Net Assets: $379,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRADE SHOW, BROCHURES
Revenue
$272,343
OC KEYCARD HOLDERS ADS
Revenue
$56,500
DINNER MTGS, SPECIAL PROMO
Revenue
$33,777
Organization Details
Founding Year
1973
Phone
(410) 289-6733Principal Officer
Ryan Wilde
Main Address
POST OFFICE BOX 340, OCEAN CITY, MD, 21843
Website
www.ocvisitor.comNTEE Category
Code: S41Z - Community improvement
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