Solomons Business Association Inc

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

EIN: 521993093 ✦ Solomons, MD ✦ Designated as a 501(c)(4)

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Overview

What is Solomons Business Association Inc?

The Solomons Business Association Inc is a nonprofit organization that actively promotes community engagement. Their primary initiative is the annual Solomons Christmas Walk, a festive event filled with holiday lights, decorations, and entertainment, designed to boost community spirit and socialization. Beyond festivities, they also contribute to local programs by providing sponsorship. In 2022, they supported Boy Scout Troop 451 and the Patuxent High School Band Program, demonstrating their commitment to enriching the community.


Official website here: www.solomonsmaryland.com

Is Solomons Business Association Inc legitimate?

Solomons Business Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Solomons Business Association 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.solomonsmaryland.com

What is the mission statement of Solomons Business Association Inc?

The Solomons Business Association's mission revolves around fostering community engagement through different initiatives. One of their significant endeavors is the annual Solomons Christmas Walk, designed to offer the public a delightful experience of holiday lights, decorations, and entertainment. This event aims to stimulate community activity and socialization. Furthermore, the association extends its support to local community programs, as evidenced by their sponsorship of organizations such as Boy Scout Troop 451 and the Patuxent High School Band Program in 2022.


Official website here: www.solomonsmaryland.com

Who is the CEO of Solomons Business Association Inc?

Unavailable


Official website here: www.solomonsmaryland.com

What is the revenue of Solomons Business Association Inc?

Solomons Business Association Inc's revenue in 2022 was $59,284.


Official website here: www.solomonsmaryland.com

Who are the executives of Solomons Business Association Inc and what are their salaries?


Here are 11 key members and their salaries:


Vandy Young (President/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Stotler (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Bird (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carmen Nance Gambrill (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gwyn Novak (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Stafford (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Macadams (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachele Green (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Simpson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Digeorgio (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Gambrill (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.solomonsmaryland.com

Where can I find the form 990EZ for Solomons Business Association Inc?

Solomons Business Association Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.solomonsmaryland.com

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

Mission Statement of Solomons Business Association Inc

The Solomons Business Association, an organization dedicated to fostering community engagement, achieves this goal through various initiatives. One of their significant endeavors is the annual Solomons Christmas Walk. This event is designed to bring joy and festivity to the public, with holiday decorations, lights, and entertainment. The primary aim is to stimulate community interaction and socialization during the festive season. Beyond festivities, the Solomons Business Association also extends its support to local community programs. In 2022, they sponsored initiatives such as Boy Scout Troop 451 and the Patuxent High School Band Program, demonstrating their commitment to enriching the community's cultural and educational experiences.

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Impact




October, 2024

Solomons Business Association Inc significantly enhances community engagement and social cohesion in Solomons, MD. By organizing events like the Solomons Christmas Walk, the association transforms the town into a festive gathering place, showcasing holiday lights and decorations that bring joy and foster connection among residents and visitors alike. This event not only entertains but also encourages locals to come together, facilitating interactions that strengthen community ties.

Moreover, the association supports vital community programs such as Boy Scout Troop 451 and the Patuxent High School Band Program. By providing sponsorship, it invests in youth development, enriching the local culture and nurturing the next generation's growth and involvement in community activities. Through these initiatives, Solomons Business Association Inc plays a crucial role in promoting civic pride and fostering an inviting, vibrant atmosphere in the area.




This information is meant to be a general summary of Solomons Business 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.

Revenue
$59,284 (2022)
Expenses
$68,906 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $57,034
  • Gross Receipts: $59,284

Assets and Liabilities:

  • Total Assets: $26,900
  • Total Liabilities: $24,924
  • Net Assets: $1,976

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Organization Details

Main Address

PO BOX 724, SOLOMONS, MD, 20688

NTEE Category

Code: S20 - Community improvement

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