Nonprofit · EIN 27-2151222
OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC
Tax-exempt · OCEAN CITY, MD 21842
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $24,817 | $41,007 | -$16,190 | $346,384 | $2,215 | $344,169 |
| August 31, 2024 | 990 | $20,682 | $56,465 | -$35,783 | $360,359 | $0 | $360,359 |
| August 31, 2023 | 990 | $30,194 | $48,029 | -$17,835 | $399,141 | $2,999 | $396,142 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,745
- Program service revenue
- $10,588
- Investment income
- $11,182
- Net income from sales of inventory
- $302
- Other revenue
- $302
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,170
- Occupancy
- $16,524
- Program services (functional)
- $11,757
- Management and general (functional)
- $29,250
Balance sheet and other
- Total assets, start of year
- $360,359
- Total assets, end of year
- $346,384
- Total liabilities, end of year
- $2,215
- Net assets, end of year
- $344,169
- Net assets without donor restrictions
- $344,169
- Gross receipts
- $26,154
- Employees
- 0
- Year formed
- 2010
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY THOMPSON | EXECUTIVE DI Officer | – | $0 |
990 for the year ended August 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY THOMPSON | EXECUTIVE DI Officer | – | $0 |
990 for the year ended August 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTI CONNELL | DIRECTOR Trustee or director | 1 | $0 |
| CHRISSY MADDY | DIRECTOR Trustee or director | 1 | $0 |
| BUNK MANN | DIRECTOR Trustee or director | 1 | $0 |
| RICKY POLLITT | DIRECTOR Trustee or director | 1 | $0 |
| ALLISON SAPPINGTON | DIRECTOR Trustee or director | 1 | $0 |
| MARGE STEELE | DIRECTOR Trustee or director | 1 | $0 |
| KAREN TOMASELLO | DIRECTOR Trustee or director | 1 | $0 |
| JUDY WILBUR | DIRECTOR Trustee or director | 1 | $0 |
| DEAN LANGRALL | SECRETARY Officer | 1 | $0 |
| STEFANIE RIDER | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 12320 OCEAN GTWY, OCEAN CITY, MD 21842-9688
- Principal officer (990 for 2024)
- AMY THOMPSON
- Signed the 990
- AMY THOMPSON, EXECUTIVE DIRECTOR
- Phone
- (410) 213-0144
- Return prepared by
- CG ACCOUNTING GROUP LLC
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.
Program accomplishments
- SCHOLARSHIP PROGRAM AVAILABLE TO AREA RESIDENTS TO APPLY AND USED TO OFFSET COST OF TUITION AT POST SECONDARY INSTITUTIONS.
- CHRISTMAS SPIRIT CAMPAIGN PROVIDES HOLIDAY GIFTS FOR UNDERPRIVILEGED CHILDREN IN WORCESTER COUNTY WHO HAVE BEEN IDENTIFIED AS IN-NEED AND AT RISK.Expenses $10,950
- ALLOCATION OF OCCUPANCY EXPENSE. THE USE OF OFFICE SPACE AND OFFICE EQUIPMENT ALLOWS THE FOUNDATION TO OBTAIN CERTAIN CONTRIBUTIONS, SELL MERCHANDIES AND CONDUCT ACTIVITIES.Expenses $807
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 27-2151222
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- August
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $346,384
- Income (IRS master file)
- $26,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $24,817 | $41,007 | $346,384 | XML |
| 990 | August 2024 | $20,682 | $56,465 | $360,359 | XML |
| 990 | August 2023 | $30,194 | $48,029 | $399,141 | XML |
| 990 | August 2022 | $37,947 | $45,576 | $413,977 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2151222).
Questions about OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC
- What is the EIN of OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC?
- The employer identification number (EIN) of OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC is 27-2151222.
- Is OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names AMY THOMPSON.
- Who are the officers and directors of OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $24,817, expenses of $41,007 and total assets of $346,384 at year end.
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