Governors Economic Development Commission in Ocean City, Maryland (MD)

Governors Economic Development Commission
Employer Identification Number (EIN)	521866910
Name of Organization	Governors Economic Development Commission
Address	10100 Coastal Hwy, Ocean City, MD 21842-2619
Activities	Business promotion (chamber of commerce, business league, etc.)
Subsection	Board of Trade
Ruling Date	05/1997
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1 to $9,999
Income	$1 to $9,999
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$9,104
Amount of Income	$14
Form 990 Revenue Amount	$14

Non-representatives - add comments:

Financial snapshot ($)

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$40	$25	$14
Contributions, gifts, grants, and similar amounts received	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$0	$0	$0
Investment income	$40	$25	$14
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$0	$0	$0
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$0	$0	$0
Total expenses	$1,500	$0	$0
Total net assets	$9,065	$9,090	$9,104
Excess/Deficit for the year	$-1,460	$25	$14
Net assets or fund balances at beginning of year	$10,525	$9,065	$9,090
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$9,090	$9,104

	2011	2012	2013
Balance Sheets
Total assets	$9,065	$9,090	$9,104
Total liabilities	$0	$0	$0
Net assets or fund balances	$9,065	$9,090	$9,104

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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