Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Maryland Lgbtq Chamber Of
EIN 81-2923454 • 501(c)6 • Baltimore, MD
Profile
Empower and promote lgbt+ professionals in the maryland marketplace through education, networking and advocacy.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.16x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
95th percentile
Faster revenue growth than 95% of similar nonprofits.
Balance Sheet
Assets
Down$67,840
Down $22,312 (-25%) from 2023
Liabilities
Up$11,166
Up $2,522 (+29%) from 2023
Net Assets
Down$56,674
Down $24,834 (-30%) from 2023
Revenue
Up$115,861
Up $57,293 (+98%) from 2023
Expenses
Up$140,695
Up $26,256 (+23%) from 2023
Net Income
Up-$24,834
Up $31,037 (+56%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $67,840
- Liabilities
- $11,166
- Net assets
- $56,674
- Revenue
- $115,861
- Expenses
- $140,695
- Net income
- -$24,834
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $115,861
Mission and Program Overview
Mission
Empower and promote lgbt+ professionals in the maryland marketplace through education, networking and advocacy.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| EVENTS FOR MEMBER AND NON-MEMBER PROFESSIONAL EDUCATION AND ENRICHMENT | $0 | $38,328 |
| SPONSORSHIP AND SUPPORT OF LOCAL LGBT+ BUSINESSES, PROGRAMS AND EVENTS | $0 | $600 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RICHARD ADAMS | President | PT | $0 | - | - |
| DEAN FALZONE | Vice President | PT | $0 | - | - |
| KRISTOFF BANNIES | Treasurer | PT | $0 | - | - |
Political and Lobbying Activity
- In-house lobbying only
- No
Filing and Contact Details
Filer
- Filer Name
- Maryland Lgbtq Chamber of Commerce Inc
- EIN
- 81-2923454
- Phone
- 4432267043
- Address
- 4132 E JOPPA ROAD STE 110-1268, BALTIMORE, MD 21236
Signing Officer
- Name
- Keith Holt
- Title
- President
- Phone
- 4432267043
- Signed
- 2025-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Gross Mendelsohn & Associates Pa
- Address
- 1801 PORTER STREET SUITE 500, BALTIMORE, MD 21230
- Preparer
- Leonard B Rus
- Phone
- 4106855512
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising. Amount: 31,717. Description: bank fees. Amount: 2,134. Description: contractor expense. Amount: 50,459. Description: event and program expenses. Amount: 38,328. Description: insurance. Amount: 1,355. Description: membership fees. Amount: 1,216. Description: office expenses. Amount: 5,542. Description: sponsorships. Amount: 600. Description: taxes & licenses. Amount: 175. Description: travel. Amount: 2,886. Total to form 990-ez, line 16: 134,412.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: stripe clearing. Beg. Of year amount: 388. End of year amount: 388.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: credit card. Beg. Of year amount: 8,644. End of year amount: 11,166.”
Raw XML Appendix119 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | RICHARD ADAMS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4436822162 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4132 E JOPPA ROAD SUITE 110-1268 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BALTIMORE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 21236 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 89764 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 67452 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -24834 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5764 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 90152 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 67840 |
| IRS990EZ/GrossReceiptsAmt | 0 | 115861 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 17800 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 81508 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 56674 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 81508 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 56674 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 519 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RICHARD ADAMS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DEAN FALZONE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KRISTOFF BANNIES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 388 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 388 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 134412 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | EMPOWER AND PROMOTE LGBT+ PROFESSIONALS IN THE MARYLAND MARKETPLACE THROUGH EDUCATION, NETWORKING AND ADVOCACY. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 98061 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | EVENTS FOR MEMBER AND NON-MEMBER PROFESSIONAL EDUCATION AND ENRICHMENT |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | SPONSORSHIP AND SUPPORT OF LOCAL LGBT+ BUSINESSES, PROGRAMS AND EVENTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 38328 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 600 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MD |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 1 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 8644 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 11166 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 140695 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 38928 |
| IRS990EZ/TotalRevenueAmt | 0 | 115861 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://MDLGBT.ORG |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | 0 |
| IRS990ScheduleC/DuesAssessmentsAmt | 0 | 17800 |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | 0 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: ADVERTISING. AMOUNT: 31,717. DESCRIPTION: BANK FEES. AMOUNT: 2,134. DESCRIPTION: CONTRACTOR EXPENSE. AMOUNT: 50,459. DESCRIPTION: EVENT AND PROGRAM EXPENSES. AMOUNT: 38,328. DESCRIPTION: INSURANCE. AMOUNT: 1,355. DESCRIPTION: MEMBERSHIP FEES. AMOUNT: 1,216. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 5,542. DESCRIPTION: SPONSORSHIPS. AMOUNT: 600. DESCRIPTION: TAXES & LICENSES. AMOUNT: 175. DESCRIPTION: TRAVEL. AMOUNT: 2,886. TOTAL TO FORM 990-EZ, LINE 16: 134,412. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: STRIPE CLEARING. BEG. OF YEAR AMOUNT: 388. END OF YEAR AMOUNT: 388. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: CREDIT CARD. BEG. OF YEAR AMOUNT: 8,644. END OF YEAR AMOUNT: 11,166. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KEITH HOLT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4432267043 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MARYLAND LGBTQ CHAMBER OF COMMERCE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARY |
| ReturnHeader/Filer/EIN | 0 | 812923454 |
| ReturnHeader/Filer/PhoneNum | 0 | 4432267043 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4132 E JOPPA ROAD STE 110-1268 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BALTIMORE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 21236 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 520982413 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GROSS MENDELSOHN & ASSOCIATES PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1801 PORTER STREET SUITE 500 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BALTIMORE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 21230 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4106855512 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LEONARD B RUS |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T14:40:47-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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