Overview
What is Laurel Board Of Trade Inc?
Laurel Board of Trade Inc is a nonprofit organization situated in Laurel, Maryland. Its primary objective is to foster the shared economic growth of local businesses within the region. This is achieved through the organization of annual festivals, specifically Riverfest and another event held in the Main Street historic district. These events aim to draw in the public and stimulate commercial activity in the area. Regrettably, both events were canceled this year due to the ongoing Covid-19 pandemic. Laurel Board of Trade Inc continues to operate and work towards its mission during these challenging times.
Official website here: www.laurelboardoftrade.org
Is Laurel Board Of Trade Inc legitimate?
Laurel Board Of Trade Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Laurel Board Of Trade Inc submitted a form 990EZ, 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.
Official website here: www.laurelboardoftrade.org
What is the mission statement of Laurel Board Of Trade Inc?
The Laurel Board of Trade's mission is to foster the shared economic interests of businesses, primarily in the local community. They achieve this through the organization of annual festivals, aimed at drawing public attention to specific areas and thereby promoting commerce. Regrettably, both the Riverfest and the festival in the Main Street historic district were unable to take place this year due to the impact of Covid-19. The Laurel Board of Trade's activities are therefore temporarily halted, but their commitment to supporting local commerce remains unwavering.
Official website here: www.laurelboardoftrade.org
Who is the CEO of Laurel Board Of Trade Inc?
Marilyn Johnson is the President of Laurel Board Of Trade Inc.
Official website here: www.laurelboardoftrade.org
What is the revenue of Laurel Board Of Trade Inc?
Laurel Board Of Trade Inc's revenue in 2022 was $81,450.
Official website here: www.laurelboardoftrade.org
Who are the executives of Laurel Board Of Trade Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.laurelboardoftrade.org
Where can I find the form 990EZ for Laurel Board Of Trade Inc?
Laurel Board Of Trade Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.laurelboardoftrade.org
Learn more at the official website: www.laurelboardoftrade.org
Mission Statement of Laurel Board Of Trade Inc
Laurel Board of Trade Inc, as a nonprofit organization, aims to foster the shared economic interests of businesses within Laurel, Maryland. To accomplish this, they host two annual festivals: Riverfest and an event in the Main Street historic district. These events serve to attract the public to these areas, thereby promoting commercial activities and boosting economic growth. Regrettably, both Riverfest and the Main Street festival were cancelled this year due to the Covid-19 pandemic. Despite the absence of these events, Laurel Board of Trade Inc remains committed to supporting the local business community and promoting commerce in the area.
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Impact
October, 2024
The Laurel Board of Trade Inc significantly impacts the local economy and community in Laurel, MD, by fostering collaboration among businesses and promoting commerce in the area. Through its initiatives, such as annual festivals, the organization attracts residents and visitors to the park area off Main Street and the historic district, enhancing community engagement and supporting local enterprises.
By working to elevate the profile of local businesses, the Laurel Board of Trade contributes to a vibrant economic landscape, helping to drive foot traffic and encourage spending within the community. Although the pandemic hindered some of their events, the organization’s efforts in promoting the common economic interests of businesses remain critical. Ultimately, the Laurel Board of Trade plays a vital role in community improvement and the overall vitality of the local economy.
This information is meant to be a general summary of Laurel Board Of Trade 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: $175
- Program Service Revenue: $5,410
- Gross Receipts: $92,161
Assets and Liabilities:
- Total Assets: $73,945
- Total Liabilities: $34,900
- Net Assets: $39,045
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Organization Details
Phone
(301) 483-0838Principal Officer
Marilyn Johnson
Main Address
383 MAIN STREET, LAUREL, MD, 20707
Website
www.laurelboardoftrade.orgNTEE Category
Code: S41 - Community improvement
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