2024-09-17T13:15:22-05:00 2023-12-31 520959934 ELLIN & TUCKER CHARTERED 400 EAST PRATT ST SUITE 200 BALTIMORE MD 21202 990 2023-01-01 521557804 MARYLAND CHAMBER FOUNDATION MARY 4102690642 60 WEST STREET 100 ANNAPOLIS MD 214012434 WHITNEY HARMEL EXECUTIVE DIRECTOR 4102690642 2024-09-11 1 0 CHANDINI SHAH P02176326 4107275735 2024-09-11 2023 2024-08-08 14:25:15Z WHITNEY HARMEL 60 WEST STREET 100 ANNAPOLIS MD 214012434 271008 0 X WWW.MDCHAMBER.ORG/FOUNDATION X 1988 MD THE MARYLAND CHAMBER FOUNDATION IS FOCUSED ON THE RESEARCH AND EDUCATIONAL OBJECTIVES OF THE MARYLAND CHAMBER OF COMMERCE, INCLUDING ANALYSIS OF MARYLAND'S ECONOMY AND BUSINESS CLIMATE, TALENT PIPELINE AND ECONOMIC COMPETITIVENESS. 6 6 0 8 0 0 246100 269750 0 0 0 1258 0 0 246100 271008 130000 149500 0 0 81438 56587 0 0 0 59114 36164 270552 242251 -24452 28757 81304 114852 4506 9297 76798 105555 TO SUPPORT THE SHARED VISION OF A BETTER MARYLAND. WITH PRIORITIES LIKE RESEARCH, DEVELOPMENT, AND EDUCATION, THE FOUNDATION IS A CORNERSTONE OF COMMUNITY-BUILDING IN BUSINESS. 0 0 200878 149500 THE MARYLAND CHAMBER FOUNDATION WAS CREATED BY THE MARYLAND CHAMBER OF COMMERCE TO FURTHER IT'S MISSION OF ADVANCING INCLUSIVE PARTNERSHIPS FOR A MARYLAND WHERE ALL BUSINESSES AND THEIR COMMUNITIES THRIVE. THE MARYLAND CHAMBER FOUNDATION CONTINUES IT'S COMMITMENT TO DEVELOPING PROGRAMS PRIORITIZING WORKFORCE, EDUCATION AND CIVICS. 200878 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X WHITNEY HARMEL 4102690642 60 WEST STREET SUITE 100 ANNAPOLIS MD 21401 MARY KANE PRESIDENT/CEO 1.00 37.50 X X 0 247170 37208 JIM CANTOR CHAIRMAN 1.00 X X 0 0 0 STEVEN EDWARDS TREASURER 1.00 X X 0 0 0 WHITNEY HARMEL EXECUTIVE DIRECTOR 9.00 37.50 X 0 176500 20106 BRANDON BUTLER DIRECTOR 1.00 X 0 0 0 FIONA ONG DIRECTOR 1.00 X 0 0 0 MEL LITTER DIRECTOR 1.00 X 0 0 0 TIM ADAMS DIRECTOR 1.00 X 0 0 0 SHEELA MURTHY DIRECTOR 1.00 X 0 0 0 DANA WILLIAMS DIRECTOR 1.00 X 0 0 0 0 423670 57314 0 0 1 0 0 269750 269750 1258 1258 271008 0 0 1258 149500 149500 56587 26711 29876 8091 8091 1382 1382 2024 2024 TEACHER EXTERN PROGRAM 24540 24540 OTHER EXPENSES 127 127 242251 200878 41373 0 81304 114852 81304 114852 4506 2547 0 6750 4506 9297 X 63798 95555 13000 10000 76798 105555 81304 114852 28757 0 X 1 X 0 0 0 X 93515 282845 207682 246100 269750 1099892 93515 282845 207682 246100 269750 1099892 276393 823499 1258 1258 1101150 0.74790 0.75920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEFERRED EVENT SPONSORSHIPS 6750 6750 X 271008 0 271008 0 271008 242251 0 242251 0 242251 PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE CODIFICATION. THE CODIFICATION REQUIRES THE EVALUATION OF TAX POSITIONS, WHICH INCLUDE MAINTAINING ITS TAX-EXEMPT STATUS AND THE TAXABILITY OF ANY UNRELATED BUSINESS INCOME, AND DOES NOT ALLOW RECOGNITION OF TAX POSITIONS WHICH DO NOT MEET A "MORE-LIKELY-THAN-NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. MANAGEMENT DOES NOT BELIEVE IT TOOK ANY TAX POSITIONS THAT WOULD NOT MEET THIS THRESHOLD. 0 STIPEND 23 149500 SCHEDULE I PART III THE MARYLAND CHAMBER FOUNDATION'S TEACHER EXTERNSHIP PROGRAM PROVIDES STIPENDS TO TEACHER EXTERNS, WHO PARTICIPATE IN A FOURWEEK SUMMER PROGRAM, WHICH BUILDS BRIDGES BETWEEN BUSINESSES AND EDUCATORS BY PAIRING HIGH SCHOOL TEACHERS WITH TOP MARYLAND BUSINESSES WHO PROVIDE HANDS ON EXPERIENCE IN INDUSTRIES RELATED TO THE SUBJECTS THEY TEACH. THE KNOWLEDGE TEACHERS GAIN ALLOW THEM TO ENHANCE THEIR CURRICULUM AND EDUCATE THEIR STUDENTS ON BOTH THE HARD AND SOFT SKILLS REQUIRED TO ENTER THE WORKFORCE AND OBTAIN A LIVABLE-WAGE CAREER. 0 0 0 0 0 0 0 0 0 MARY KANE PRESIDENT/CEO 0 224700 0 22470 0 0 0 11235 0 25973 0 284378 0 0 WHITNEY HARMEL EXECUTIVE DIRECTOR 0 160500 0 16000 0 0 0 8025 0 12081 0 196606 0 0 FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE BOARD REVIEWED THE DRAFT FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND OFFICER ANNUALLY SIGNS A STATEMENT AFFIRMING (A)RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY (B)HAS READ AND UNDERSTANDS THE POLICY (C)AGRESS TO COMPLY WITH THE POLICY (D)UNDERSTANDS THAT THE FOUNDATION IS A NON-PROFIT WHICH MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISHES ITS TAX EXEMPT PURPOSES IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION. MINUTES OF THE GOVERNING BOARD CONTAIN NAMES OF PERSONS WHICH HAVE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, ALL RELEVENT DATA AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, ALL DISCUSSIONS AND NAMES OF THOSE PARTICIPATING AND THE RECORD OF VOTES ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENT AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. MARYLAND CHAMBER OF COMMERCE INC 60 WEST STREET SUITE 100 ANNAPOLIS MD 21401 521784310 TO SUPPORT MARYLAND'S BUSINESSES AND INDUSTRIAL SECTORS MD 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MARYLAND CHAMBER OF COMMERCE INC P 56587 FMV