Civic Intelligence

Ocean City Chamber of Commerce Foundation Inc.

990 • Fiscal year 2014 • EIN 27-2151222

Sep 01, 2013 to Aug 31, 2014 • Filed on Nov 14, 2014

Organization Profile
12320 Ocean Gateway21842

(410) 213-0144

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

4th percentile

-105%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

87th percentile

$33,916

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 231.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

38th percentile

-3.5%

Faster asset growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$425,952

Down $15,417 (-3.5%) from 2013

Net Assets

Down

$425,952

Down $15,417 (-3.5%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin4th percentile

Revenue

$14,682

No earlier filing loaded for comparison.

Expenses

Down

$30,099

Down $6,846 (-19%) from 2013

Net Income

-$15,417

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2012: $471,764Liabilities 2012: $46Net Assets 2012: $471,7182012Assets 2013: $441,369Liabilities 2013: $0Net Assets 2013: $441,3692013Assets 2014: $425,952Liabilities 2014: $0Net Assets 2014: $425,9522014Assets 2015: $416,186Liabilities 2015: $0Net Assets 2015: $416,1862015Assets 2016: $412,646Liabilities 2016: $0Net Assets 2016: $412,6462016Assets 2017: $413,245Liabilities 2017: $0Net Assets 2017: $413,2452017Assets 2018: $419,339Liabilities 2018: $0Net Assets 2018: $419,3392018Assets 2020: $425,588Liabilities 2020: $0Net Assets 2020: $425,5882020Assets 2021: $421,606Liabilities 2021: $0Net Assets 2021: $421,6062021Assets 2022: $413,977Liabilities 2022: $0Net Assets 2022: $413,9772022Assets 2023: $399,141Liabilities 2023: $2,999Net Assets 2023: $396,1422023Assets 2024: $360,359Liabilities 2024: $0Net Assets 2024: $360,3592024Assets 2025: $346,384Liabilities 2025: $2,215Net Assets 2025: $344,1692025

Highlighted filing

2014

Assets$425,952
Liabilities$0
Net Assets$425,952
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KExpenses 2012: $37,2042012Expenses 2013: $36,9452013Revenue 2014: $14,682Expenses 2014: $30,099Net Income 2014: -$15,4172014Revenue 2015: $26,811Expenses 2015: $36,577Net Income 2015: -$9,7662015Revenue 2016: $24,595Expenses 2016: $28,135Net Income 2016: -$3,5402016Revenue 2017: $32,279Expenses 2017: $31,680Net Income 2017: $5992017Revenue 2018: $34,415Expenses 2018: $28,320Net Income 2018: $6,0952018Revenue 2020: $24,358Expenses 2020: $15,577Net Income 2020: $8,7812020Revenue 2021: $32,112Expenses 2021: $36,094Net Income 2021: -$3,9822021Revenue 2022: $37,947Expenses 2022: $45,576Net Income 2022: -$7,6292022Revenue 2023: $30,194Expenses 2023: $48,029Net Income 2023: -$17,8352023Revenue 2024: $20,682Expenses 2024: $56,465Net Income 2024: -$35,7832024Revenue 2025: $24,817Expenses 2025: $41,007Net Income 2025: -$16,1902025

Highlighted filing

2014

Revenue$14,682
Expenses$30,099
Net Income-$15,417
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$14,682
Mission and Program Overview

Mission

Charitably formed to encourage, foster, and promote the growth and development of the ocean city business community, the educational development of the workforce, the beautification and environmental protection of the ocean city area, and the growth and development of the ocean city workforce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$438,608$414,962▼ $23,646
Cash and Non-Interest-Bearing Accounts$2,611$10,840▲ $8,229
Accounts Receivable$150$150→ $0
Total Assets$441,369$425,952▼ $15,417
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$441,369$425,952▼ $15,417
Total Net Assets Fund Balance$441,369$425,952▼ $15,417
Total Liabilities and Net Assets / Fund Balance$441,369$425,952▼ $15,417
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleBaseOtherTotal
Melanie PurselExecutive Di$4,845$29,071$33,916

Board Members and Trustees

NameTitle
Ruth WatersPresident
Allison SappingtonDirector
Dean LangrallDirector
Macky StansellDirector
Robin LattinvilleDirector
Todd FerranteDirector
Toni KeiserDirector
Louise GulyasSecretary
John GehrigTreasurer
Jay KnerrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$6,303
Program Service Revenue
$0
Investment Income
$8,379
Other Revenue
$0
All Other Contributions
$6,303
Change in Net Assets
$-15,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,024
Other Expenses$13,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$17,024-$17,024
Occupancy-$12,000-$12,000
Fees for Services Accounting-$1,075-$1,075
Total Functional Expenses$0$30,099$0$30,099
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The officers and directors will review the tax return before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“The executive director is responsible for all human resource management including enforcement of conflicts policy.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

EIN
27-2151222
Phone
4102130144

Signing Officer

Name
Ruth Waters
Title
President
Phone
4102130144
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
30

Preparer

Preparer
Phillip J Cheung CPA
Phone
4105242720
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Charitably formed to encourage, foster, and promote the growth and development of the ocean city business community, the educational development of the workforce, the beautification and environmental protection of the ocean city area, and the growth and development of the ocean city workforce.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARITABLY FORMED TO ENCOURAGE, FOSTER, AND PROMOTE THE GROWTH AND DEVELOPMENT OF THE OCEAN CITY BUSINESS COMMUNITY, THE EDUCATIONAL DEVELOPMENT OF THE WORKFORCE, THE BEAUTIFICATION AND ENVIRONMENTAL PROTECTION OF THE OCEAN CITY AREA, AND THE GROWTH AND DEVELOPMENT OF THE OCEAN CITY WORKFORCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND DIRECTORS WILL REVIEW THE TAX RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ALL HUMAN RESOURCE MANAGEMENT INCLUDING ENFORCEMENT OF CONFLICTS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1012320 OCEAN GATEWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0OCEAN CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode021842
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0441369
IRS990/TotalAssetsEOYAmt0425952
IRS990/TotalAssetsGrp/BOYAmt0441369
IRS990/TotalAssetsGrp/EOYAmt0425952
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06303
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030099
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt030099
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0441369
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0425952
IRS990/TotalReportableCompFromOrgAmt04845
IRS990/TotalRevenueGrp/ExclusionAmt08379
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014682
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0441369
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0425952
IRS990/TotReportableCompRltdOrgAmt029071
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0441369
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0425952
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUTH WATERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04102130144
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10OCEAN CITY CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OCEA
ReturnHeader/Filer/EIN0272151222
ReturnHeader/Filer/PhoneNum04102130144
ReturnHeader/Filer/USAddress/AddressLine1012320 OCEAN GATEWAY
ReturnHeader/Filer/USAddress/City0OCEAN CITY
ReturnHeader/Filer/USAddress/State0MD
ReturnHeader/Filer/USAddress/ZIPCode021842
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522327877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GREGORY & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1019 120TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0OCEAN CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode021842
ReturnHeader/PreparerPersonGrp/PhoneNum04105242720
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILLIP J CHEUNG CPA
ReturnHeader/ReturnTs02014-12-02T08:44:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-09-01
ReturnHeader/TaxPeriodEndDt02014-08-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$425,952
Liabilities
$0
Net assets
$425,952
Revenue
$14,682
Expenses
$30,099
Net income
-$15,417
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.46$0.02$3.44$0.25$0.41$0.16
2024Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$0.21$0.56$0.36
2023Detailed filing. Detailed filing data is available for this year.$3.99$0.03$3.96$0.30$0.48$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.00$4.14$0.38$0.46$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.22$0.32$0.36$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.26$0.00$4.26$0.24$0.16$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.34$0.28$0.06
2017Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$0.32$0.32$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$0.25$0.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.16$0.00$4.16$0.27$0.37$0.10
2014Detailed filing. Detailed filing data is available for this year.$4.26$0.00$4.26$0.15$0.30$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.00$4.41$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.00$4.72$0.37