Baltimore Maritime Exchange Inc

Baltimore, MD
Tax-exempt since April 1956
EIN: 52-0634742

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$344k (2023)

Expenses

$216k (2023)

Total Assets

$777k (2023)

Total Liabilities

$1.62k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$343,627

Expenses

$215,863

Net Income

$127,764

Net Assets

$775,145

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$74,195	21.6%
Program Services	$264,265	76.9%
Investment Income	$4,941	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$226	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$68,688	31.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$78,295	36.3%

Assets/Debt
Total Assets	$776,769
Total Liabilities	$1,624
Net Assets	$775,145

Compensation

Key Employees and Officers	Compensation	Related	Other
Ingrid Londono (General Manager)	$68,688	$0	$0
Michael Reagoso (Director)	$0	$0	$0
Michael Derby (Director)	$0	$0	$0
James W Bartlett Iii (Director)	$0	$0	$0
David Chenowith (Vice President)	$0	$0	$0
Captain Eric A Nielsen (President)	$0	$0	$0
Rupert Denney (Treasurer)	$0	$0	$0

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990

Filed on Oct. 24, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2022

Revenue

$338,039

Expenses

$206,291

Net Income

$131,748

Net Assets

$636,529

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$78,246	23.1%
Program Services	$254,793	75.4%
Investment Income	$4,634	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$366	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$64,970	31.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$72,581	35.2%

Assets/Debt
Total Assets	$636,668
Total Liabilities	$139
Net Assets	$636,529

Compensation

Key Employees and Officers	Compensation	Related	Other
Ingrid Londono (General Manager)	$64,970	$0	$0
Michael Reagoso (Director)	$0	$0	$0
Michael Derby (Director)	$0	$0	$0
James W Bartlett Iii (Director)	$0	$0	$0
David Chenowith (Vice President)	$0	$0	$0
Captain Eric A Nielsen (President)	$0	$0	$0
Rupert Denney (Treasurer)	$0	$0	$0

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990

Filed on June 20, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$355,604

Expenses

$169,016

Net Income

$186,588

Net Assets

$527,011

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$117,154	32.9%
Program Services	$226,000	63.6%
Investment Income	$9,950	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,495	0.4%
Net Inventory Sales	$0
Other Revenue	$1,005	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$62,446	36.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,672	27.6%

Assets/Debt
Total Assets	$527,416
Total Liabilities	$405
Net Assets	$527,011

Compensation

Key Employees and Officers	Compensation	Related	Other
Ingrid Londono (General Manager)	$62,445	$0	$0
James W Bartlett Iii (Director)	$0	$0	$0
Michael Derby (Director)	$0	$0	$0
Captain Eric A Nielsen (President)	$0	$0	$0
Rupert Denney (Treasurer)	$0	$0	$0
David Chenowith (Vice President)	$0	$0	$0
Michael Reagoso (Director)	$0	$0	$0

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990

Filed on Aug. 26, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$280,860

Expenses

$198,208

Net Income

$82,652

Net Assets

$336,889

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$77,682	27.7%
Program Services	$198,894	70.8%
Investment Income	$4,114	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$170	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$65,747	33.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$67,506	34.1%

Assets/Debt
Total Assets	$337,211
Total Liabilities	$322
Net Assets	$336,889

Compensation

Key Employees and Officers	Compensation	Related	Other
Ingrid Londono (General Manager)	$65,747	$0	$0
James W Bartlett Iii (Director)	$0	$0	$0
Michael Derby (Director)	$0	$0	$0
Captain Eric A Nielsen (President)	$0	$0	$0
Rupert Denney (Treasurer)	$0	$0	$0
David Chenowith (Vice President)	$0	$0	$0
Michael Reagoso (Director)	$0	$0	$0

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990

Filed on July 19, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$376,363

Expenses

$288,030

Net Income

$88,333

Net Assets

$245,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$139,334	37.0%
Program Services	$237,261	63.0%
Investment Income	$4,634	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$5,396
Net Inventory Sales	$0
Other Revenue	$530	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$60,265	20.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$104,028	36.1%

Assets/Debt
Total Assets	$246,146
Total Liabilities	$980
Net Assets	$245,166

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ingrid Londono (General Manager)	$60,265	$0	$0
James W Bartlett Iii (Director)	$0	$0	$0
Michael Derby (Director)	$0	$0	$0
C Duff Hughes (Director)	$0	$0	$0
Captain Eric A Nielsen (President)	$0	$0	$0
Rupert Denney (Treasurer)	$0	$0	$0
David Chenowith (Vice President)	$0	$0	$0
Michael Reagoso (Director)	$0	$0	$0

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990

Filed on July 9, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$338,587

Expenses

$389,980

Net Income

-$51,393

Net Assets

$150,905

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$100,520	29.7%
Program Services	$229,197	67.7%
Investment Income	$1,532	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,247	1.5%
Net Inventory Sales	$0
Other Revenue	$2,091	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$74,363	19.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$170,643	43.8%

Assets/Debt
Total Assets	$161,245
Total Liabilities	$10,340
Net Assets	$150,905

Compensation

Key Employees and Officers	Compensation	Related	Other
David Stambaugh (General Manager)	$74,363	$0	$0
James W Bartlett Iii (Director)	$0	$0	$0
Michael Derby (Director)	$0	$0	$0
C Duff Hughes (Director)	$0	$0	$0
Captain Eric A Nielsen (President)	$0	$0	$0
Rupert Denney (Treasureer)	$0	$0	$0
David Chenowith (Vice President)	$0	$0	$0

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990

Filed on Nov. 13, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$320,970

Expenses

$365,579

Net Income

-$44,609

Net Assets

$210,317

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,000	7.8%
Program Services	$290,660	90.6%
Investment Income	$1,426	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,740	1.2%
Net Inventory Sales	$0
Other Revenue	$144	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$82,240	22.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$152,109	41.6%

Assets/Debt
Total Assets	$232,773
Total Liabilities	$22,456
Net Assets	$210,317

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$313,701

Expenses

$371,246

Net Income

-$57,545

Net Assets

$251,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,000	8.0%
Program Services	$291,125	92.8%
Investment Income	$572	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$3,152
Net Inventory Sales	$0
Other Revenue	$156	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$80,002	21.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$119,787	32.3%

Assets/Debt
Total Assets	$270,909
Total Liabilities	$19,666
Net Assets	$251,243

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$337,728

Expenses

$369,590

Net Income

-$31,862

Net Assets

$303,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,000	7.4%
Program Services	$302,510	89.6%
Investment Income	$363	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$9,855	2.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$79,040	21.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$121,545	32.9%

Assets/Debt
Total Assets	$323,317
Total Liabilities	$20,002
Net Assets	$303,315

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$344,570

Expenses

$299,730

Net Income

$44,840

Net Assets

$345,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,000	7.3%
Program Services	$316,723	91.9%
Investment Income	$2,704	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$143	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,874	25.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$114,718	38.3%

Assets/Debt
Total Assets	$364,677
Total Liabilities	$19,103
Net Assets	$345,574

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$293,333

Expenses

$284,359

Net Income

$8,974

Net Assets

$295,408

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,000	8.5%
Program Services	$264,656	90.2%
Investment Income	$3,182	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$444	0.2%
Net Inventory Sales	$0
Other Revenue	$51	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,617	24.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$104,803	36.9%

Assets/Debt
Total Assets	$312,706
Total Liabilities	$17,298
Net Assets	$295,408

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$359,516

Expenses

$271,754

Net Income

$87,762

Net Assets

$282,552

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,000	7.0%
Program Services	$334,447	93.0%
Investment Income	$69	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$72,181	26.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$90,269	33.2%

Assets/Debt
Total Assets	$298,688
Total Liabilities	$16,136
Net Assets	$282,552

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$341,426

Expenses

$305,602

Net Income

$35,824

Net Assets

$194,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$46,442	13.6%
Program Services	$294,828	86.4%
Investment Income	$156	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$182,850	59.8%

Assets/Debt
Total Assets	$228,224
Total Liabilities	$33,434
Net Assets	$194,790

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated December 2, 2024

Baltimore Maritime Exchange Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $344k (2023)

Expenses $216k (2023)

Total Assets $777k (2023)

Total Liabilities $1.62k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$344k (2023)

Expenses

$216k (2023)

Total Assets

$777k (2023)

Total Liabilities

$1.62k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004