2024-10-09T14:28:36-07:00 2023-12-31 030483170 CEA Scholtes and Associates 106 Tunbridge Rd Baltimore MD 21212 990 2023-01-01 520645650 GREATER BALTIMORE COMMITTEE INC GREA 4107272820 111 SOUTH CALVERT STREET 1700 BALTIMORE MD 21202 CRISTINA LOPEZ COO 2024-10-09 true true CHRIS SCHOLTES CPA P01607734 4103230010 2023 2024-10-15 13:58:12Z MARK A THOMAS 3302948 false X WWW.GBC.ORG X 1955 MD To provide a strong, unified and effective voice for the business community in the functional area of urban affairs and public policy, business services and information, and economic development, thereby promoting the Baltimore Region as an outstanding place to live, work and do business. 88 88 21 88 36336 18330 4424611 3059469 36336 94577 147488 -79934 -224002 4439254 3019291 0 0 1202901 2136726 0 325150 1478414 1654482 2681315 3791208 1757939 -771917 7617358 7176538 1895565 1688956 5721793 5487582 Greater Baltimore Committee, Inc. is a not-for-profit, civic-interest corporation comprised of business and professional organizations located within the Greater Baltimore Area. Its purpose is to provide a strong, unified and effective voice for the business community in the functional area of urban affairs and public policy, business services and information, and economic development thereby promoting the Baltimore Region as an outstanding place to live, work and do business. false false 2023267 5000 BUSINESS ADVOCACY - Activities include multiple subject matter policy committee meetings with members to learn, forge consensus, and develop policy positions on business and industry related matters. Committees include, but are not limited to, education and workforce, transportation and mobility, health care, public safety, tourism, culture and entertainment, bioscience, and economic development. Policy positions are communicated to members and elected and appointed officials directly and indirectly through various methods of communication. Special workgroups are created for issues such as Coalition for a Second Chance business related issues pertaining to returning citizens, Bridging the Gap women and minority-owned businesses, and Regional Workforce Development Task Force preparing the next generation for workers. 613845 MEMBERSHIP DEVELOPMENT - Activities include hosting personal and professional development programs, informational events focused on prominent political, education, and business leaders, seminars on business and economic related issues, and recruitment of new members and retention efforts of existing members. Special programs include Next Up emerging leaders program and BWomen women business executive program. 2637112 false true false true false false false false true true false false true true true false true false false false false false false true false false false false true false false false false false false false false false false false false false true true false false true 21 0 false 21 true true true false false false false false false false X 88 88 true false true false true true false true false false false true true true true true true true true false MD X X CEA SCHOLTES AND ASSOCIATES 4103230010 106 TUNBRIDGE ROAD BALTIMORE MD 21212 Mark A Thomas President & CEO 40.00 6.00 X 407670 0 0 Sharon M Schreiber COO 40.00 6.00 X 196796 0 0 Pothik Chatterjee Econ Str Officer 40.00 0.00 129690 0 1154 Nekoro Gomes VP Marketing 40.00 0.00 128428 0 2308 Timothy Evans VP of Membership 40.00 0.00 126578 0 12 Jeffrey Zuback Sr Dir Pub Safety 40.00 0.00 124187 0 0 Lisa Byrd Communications Dir 40.00 0.00 95919 0 5200 Mohan Suntha Chair 1.00 0.00 X X 0 0 0 Brian Pieninck Co-Vice Chair 1.00 0.00 X X 0 0 0 Janet Currie Secretary 1.00 0.00 X X 0 0 0 Martin P Brunk Treasurer 1.00 0.00 X X 0 0 0 Christine Aspell Co-Vice Chair 1.00 0.00 X X 0 0 0 Robert C Embry Jr Director 0.50 0.00 X 0 0 0 Paul A Tiburzi Director 0.50 0.00 X 0 0 0 Ed Brake Director 0.50 0.00 X 0 0 0 Rick Kohr Director 0.50 0.00 X 0 0 0 Ron Daniels Director 0.50 0.00 X 0 0 0 Bill McCarthy Director 0.50 0.00 X 0 0 0 August Chiasera Director 0.50 0.00 X 0 0 0 Scott Dorsey Director 0.50 0.00 X 0 0 0 Dr David Wilson Director 0.50 0.00 X 0 0 0 Calvin G Butler Jr Director 0.50 0.00 X 0 0 0 Martin T Fletcher Director 0.50 0.00 X 0 0 0 Tim Regan Director 0.50 0.00 X 0 0 0 Arnold Williams Director 0.50 0.00 X 0 0 0 Archibishop William E Lori Director 0.50 0.00 X 0 0 0 Chrissy Thornton Director 0.50 0.00 X 0 0 0 Alexander F Smith Director 0.50 0.00 X 0 0 0 Adam A Gross Director 0.50 0.00 X 0 0 0 Jon M Laria Director 0.50 0.00 X 0 0 0 Sashi Brown Director 0.50 0.00 X 0 0 0 Trif Alatzas Director 0.50 0.00 X 0 0 0 Dave Hickey Director 0.50 0.00 X 0 0 0 Robert L Wallace Director 0.50 0.00 X 0 0 0 Thomas S Bozzuto Director 0.50 0.00 X 0 0 0 Michael D Hankin Director 0.50 0.00 X 0 0 0 Jonathan Casella Director 0.50 0.00 X 0 0 0 Sandra Kurtinitis Director 0.50 0.00 X 0 0 0 James McHugh Director 0.50 0.00 X 0 0 0 Stephen E Budorick Director 0.50 0.00 X 0 0 0 Michael Bronfein Director 0.50 0.00 X 0 0 0 Peter Stanford Director 0.50 0.00 X 0 0 0 Dr Sheridan Todd Yeary Director 0.50 0.00 X 0 0 0 Bruce Jurist Director 0.50 0.00 X 0 0 0 Arun Subhas Director 0.50 0.00 X 0 0 0 R Andrew Bauer Director 0.50 0.00 X 0 0 0 J MacGregor Tisdale Director 0.50 0.00 X 0 0 0 Gary Attman Director 0.50 0.00 X 0 0 0 Dr Daria Willis Director 0.50 0.00 X 0 0 0 Greg Fitchitt Director 0.50 0.00 X 0 0 0 Francis X Kelly III Director 0.50 0.00 X 0 0 0 Neil Meltzer Director 0.50 0.00 X 0 0 0 Terrence M Sawyer Director 0.50 0.00 X 0 0 0 Jeffrey Hargrave Director 0.50 0.00 X 0 0 0 John Angelos Director 0.50 0.00 X 0 0 0 Bradley S Chambers Director 0.50 0.00 X 0 0 0 Dr David Maine Director 0.50 0.00 X 0 0 0 Nancy Greene Director 0.50 0.00 X 0 0 0 John McGrory Director 0.50 0.00 X 0 0 0 John Racanelli Director 0.50 0.00 X 0 0 0 Paul Mauritz Director 0.50 0.00 X 0 0 0 Laura Gamble Director 0.50 0.00 X 0 0 0 Richard Greenwood Director 0.50 0.00 X 0 0 0 Sandra S Hillman Director 0.50 0.00 X 0 0 0 Mark K Joseph Director 0.50 0.00 X 0 0 0 William H Moore Director 0.50 0.00 X 0 0 0 Andrew Roud Director 0.50 0.00 X 0 0 0 Richard J Himelfarb Director 0.50 0.00 X 0 0 0 William Stromberg Director 0.50 0.00 X 0 0 0 Aaron Tomarchio Director 0.50 0.00 X 0 0 0 Kevin A Plank Director 0.50 0.00 X 0 0 0 Kurt Schmoke Director 0.50 0.00 X 0 0 0 Dr Jay Perman Director 0.50 0.00 X 0 0 0 Gregory A Cross Director 0.50 0.00 X 0 0 0 Eric Reed Director 0.50 0.00 X 0 0 0 Dan Joerres Director 0.50 0.00 X 0 0 0 Derek Lynch Director 0.50 0.00 X 0 0 0 Gregg Bernstein Director 0.50 0.00 X 0 0 0 KRIS HOELLEN Director 0.50 0.00 X 0 0 0 JENNIFER CURRY Director 0.50 0.00 X 0 0 0 KATE BURGIN Director 0.50 0.00 X 0 0 0 WILL ENGLEHART Director 0.50 0.00 X 0 0 0 Kent Devereaux Director 0.50 0.00 X 0 0 0 Kevin Sowers Director 0.50 0.00 X 0 0 0 Tim Berry Director 0.50 0.00 X 0 0 0 Michael O Willis Director 0.50 0.00 X 0 0 0 Jonathan Schwartz Director 0.50 0.00 X 0 0 0 David Bramble Director 0.50 0.00 X 0 0 0 Brendan Foley Director 0.50 0.00 X 0 0 0 Todd Marks Director 0.50 0.00 X 0 0 0 Kraig Long Director 0.50 0.00 X 0 0 0 Bob Cawley Director 0.50 0.00 X 0 0 0 Jason St John Director 0.50 0.00 X 0 0 0 Mark Ginsberg Director 0.50 0.00 X 0 0 0 Evelyn Lee Director 0.50 0.00 X 0 0 0 1209268 8674 6 false true false 0 2774050 285419 3059469 PUBLICATIONS 541800 36336 36336 36336 147488 147488 0 0 0 0 54655 285419 283657 -229002 -229002 0 0 OTHER INCOME 900099 5000 5000 5000 3019291 5000 36336 -81514 0 0 0 0 604466 392464 142366 69636 0 1079495 700888 254247 124360 59619 38709 14042 6868 280111 181869 65973 32269 113035 73391 26622 13022 0 22366 22366 84784 84784 45700 45700 0 34218 34218 54049 19065 23493 11491 198810 198810 72040 46731 16996 8313 159116 117164 28172 13780 0 335724 217977 79071 38676 39450 25614 9291 4545 0 10337 10337 0 0 20455 20455 12628 8199 2974 1455 STRATEGY PLAN 357270 357270 TECH HUBS 112500 112500 STRATEGIC PARTNERSHIPS 63341 63341 MEMBERSHIP 22940 22940 8754 4143 3876 735 3791208 2637112 828946 325150 1842460 408767 92454 81436 0 74999 342950 0 0 0 0 51869 60643 387464 255526 31056 131938 3932481 4830651 0 0 0 1592039 1320153 7617358 7176538 70878 283714 206585 42250 1618102 1362992 1895565 1688956 X 5721793 5487582 5721793 5487582 7617358 7176538 -771917 537706 X X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false 2774050 45700 45700 180313 3932481 247193 650977 4830651 3233041 1311680 -612240 3932481 2936548 296493 109975 3123066 2757710 288813 3046523 2304660 453050 2757710 1.00000 false false false 64135 64135 124902 44199 80703 198427 147192 51235 131938 RIGHT OF USE ASSETS, NET 1320153 1320153 LEASE LIABILITY 1362992 1362992 X 4048936 537706 242500 283657 1063863 2985073 34218 34218 3019291 4283147 242500 283657 526157 3756990 34218 34218 3791208 Part V, Line 4: Intended uses of the endowment fund. GBC's board designated investments consist of a long-term investment fund established by its Board of Directors to ensure future stability and capacity to provide services to its members. Part X : FIN48 Footnote Greater Baltimore Committee, Inc. is a nonprofit organization exempt from the Federal income tax under Section 501(c)(4) of the Internal Revenue Code and is recognized as such by the Internal Revenue Service, except for unrelated business income. Accounting principles generally accepted in the United States of America provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of more likely than not for recognition of tax positions taken or expected to be taken in a tax return. GBC performed an evaluation of uncertain tax positions as of December 31, 2023, and determined that there were no matters that would require recognition in the accompanying financial statements or which may have any effect on its tax-exempt status. It is GBC's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 DIRECT SPECIAL EVENT EXPENSES $283657 Part XII, Line 2d: Other expenses and losses per audited F/S DIRECT SPECIAL EVENT EXPENSES $283657 false Annual Meeting 249500 212500 37000 71698 20263 130714 Transportation Summit 51929 37500 14429 2531 28022 1 38027 35250 2777 19231 11198 339456 285250 54206 93460 20263 169934 283657 -229451 X false true X X X false false false false false false false false false Mark A Thomas President & CEO 407670 407670 Sharon M Schreiber COO 196796 196796 Part I, Line 1a: Relevant information in regards to selections on 1a. The President and CEO is a member of a social club and the cost is considered part of his compensation. The expense is paid for by the organization. Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses The President and CEO is a member of a social club and the cost is part of his compensation. The expense is not reimbursed to the employee. It is paid directly to the social club. Form 990, Part VI, Section A, Line 2 GBC board members are presidents and CEOs of local businesses in the Baltimore community, relationships are inevitable due to the businesses operating in the same community. Form 990, Part VI, Section A, Line 4 ON MAY 25, 2022, BY A VOTE OF THE MEMBERS OF THE BOARD OF DIRECTORS OF GREATER BALTIMORE COMMITTEE, INC. GBC AS WELL AS THE BOARD OF DIRECTORS OF THE ECONOMIC ALLIANCE OF GREATER BALTIMORE, INC. EAGB, THE EAGB WAS MERGED WITH THE GBC AND GBC IS THE SURVIVING ORGANIZATION. UPON MERGER, GBC TOOK POSSESSION OF ALL LEASES, ASSETS, AND OBLIGATIONS OF THE EAGB AND IT ITS RELATED FOUNDATION, THE ECONOMIC ALLIANCE OF GREATER BALTIMORE FOUNDATION, INC. WHICH WAS MERGED WITH THE GBC FOUNDATION, INC. THE TRANSACTIONS EFFECTIVE DATE WAS JUNE 2, 2022 AND RESULTED IN ADDITIONS OF ASSETS OF $2,343,466, LIABILITIES OF $291,780 AND NET ASSETS OF $2,051,686 TO GBC, INC. Form 990, Part VI, Section A, Line 6 The organization has one governing body, the Board of Directors, who is responsible for the governance of the organization. The Board of Directors represent the members of the organization. Nominated board members are presented for member approval at GBC's annual meeting. Once approved, the individuals who sit on the board's sole right is to participate in the organization's governance. Form 990, Part VI, Section A, Line 8b Executive committee does not have any authority. Form 990, Part VI, Section B, Line 11b A copy of the form 990 is provided to all board members with opportunity to comment. After appropriate amount of time, the board files with the IRS. Form 990, Part VI, Section B, Line 12c The policy is reviewed and monitored by the President or Executive Assistant and the Executive Committee will determine any restrictions. Form 990, Part VI, Section B, Line 15a For the President: The annual review, which is received from the Executive Committee, determines salary and bonus. For all other employees: compensation is set by the President. Form 990, Part VI, Section C, Line 19 The Organization's conflict of interest policy, governing documents and financial statements are available upon request. Form 990, Part XII, Line 2c The organization has a committee that assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant. Both processes have not changed since prior year. Greater Baltimore Committee Foundation 111 South Calvert Street 1700 Baltimore MD 21202 521131843 To accept charitable contributions MD 501C3 7 Greater Baltimore Committee Inc true false false false false false false false false false false false false false true false false false false false