ECONOMIC ALLIANCE OF GREATER BALTIMORE INC

EIN: 522034715

BALTIMORE, MD

Total Revenue
$587,397
Total Expenses
$473,305
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Principal Officer
Sharon Markley Schreiber
Phone
4104680100
Tax Period
2022-01-01 to 2022-06-02

ECONOMIC ALLIANCE OF GREATER BALTIMORE INC, founded in 1996, is a small nonprofit that reported $587K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $114K, a strong 19% operating margin.

Mission

TO FOSTER ECONOMIC DEVELOPMENT IN THE STATE OF MARYLAND. THE ALLIANCE UNITES BUSINESSES, GOVERNMENT, AND EDUCATIONAL INSTITUTIONS TO MARKET BALTIMORE AND MARYLAND AS A HIGHLY DESIRABLE REGION FOR GROWTH AND INVESTMENT.

Program Service Accomplishments

Program 1

EAGB'S OVERARCHING GOAL IS TO ELEVATE AWARENESS OF THE GREATER BALTIMORE REGION AS A LOCATION OF CHOICE FOR BUSINESS GROWTH AND DEVELOPMENT. TO ACHIEVE THIS GOAL, EAGB ANALYZES THE COMPETITIVE...

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EAGB'S OVERARCHING GOAL IS TO ELEVATE AWARENESS OF THE GREATER BALTIMORE REGION AS A LOCATION OF CHOICE FOR BUSINESS GROWTH AND DEVELOPMENT. TO ACHIEVE THIS GOAL, EAGB ANALYZES THE COMPETITIVE STRENGTH OF THE STRATEGIC GROWTH INDUSTRIES THAT DRIVE THE ECONOMIC VITALITY IN THE SEVEN JURISDICTIONS THAT COMPRISE THE GREATER BALTIMORE REGION AND PACKAGES THIS INFORMATION AS PART OF A MESSAGING PLATFORM FOR BUSINESS ATTRACTION, GROWTH AND RETENTION.

Program 2

EAGB AND ITS BOARD OF PRIVATE, NON-PROFIT, INSTITUTIONAL AND GOVERNMENT MEMBERS, WORKS COLLABORATIVELY WITH ECONOMIC DEVELOPMENT PARTNERS, INCLUDING THE STATE OF MARYLAND'S DEPARTMENT OF COMMERCE...

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EAGB AND ITS BOARD OF PRIVATE, NON-PROFIT, INSTITUTIONAL AND GOVERNMENT MEMBERS, WORKS COLLABORATIVELY WITH ECONOMIC DEVELOPMENT PARTNERS, INCLUDING THE STATE OF MARYLAND'S DEPARTMENT OF COMMERCE, LOCAL ECONOMIC DEVELOPMENT AGENCIES AND INDUSTRY-FOCUSED TRADE ORGANIZATIONS TO FACILITATE AND STRENGTHEN THE ECOSYSTEM NEEDED FOR BUSINESS GROWTH, ATTRACTION AND RETENTION.

Program 3

EAGB BRINGS TOGETHER BUSINESS, GOVERNMENT, EDUCATION AND NON-PROFIT LEADERS TO MARKET THE REGION'S ECONOMIC DEVELOPMENT ASSETS AND OPPORTUNITIES THROUGH A MULTI-FACETED MARKETING PLATFORM. WORKING IN...

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EAGB BRINGS TOGETHER BUSINESS, GOVERNMENT, EDUCATION AND NON-PROFIT LEADERS TO MARKET THE REGION'S ECONOMIC DEVELOPMENT ASSETS AND OPPORTUNITIES THROUGH A MULTI-FACETED MARKETING PLATFORM. WORKING IN PARTNERSHIP WITH ITS BOARD MEMBERS AND OTHER STAKEHOLDERS, EAGB PROVIDES CURRENT DATA WITHIN A ROBUST POSITIVE MESSAGING PROGRAM AND AGGRESSIVE OUTREACH WITHIN AND BEYOND THE GREATER BALTIMORE REGION TO BUILD AWARENESS OF THE REGION'S COMPETITIVE STRENGTHS AND FACILITATE ALLIANCES AND PARTNERSHIPS AS A CATALYST FOR BUSINESS GROWTH, ATTRACTION AND RETENTION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $577,500
Investment Income $9,897
Other Revenue $0
TOTAL REVENUE $587,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $269,125
Fundraising Expenses $0
Other Expenses $204,180
TOTAL EXPENSES $473,305

Year-over-Year Comparison

2022 2021 Change
Revenue $587,397 $949,968 -0.4%
Expenses $473,305 $1,133,182 -0.6%
Net Income $114,092 $-183,214 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
49
Independent Members
49
Employees
4
Volunteers
48

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$162,607
Total Directors
49
$162,607
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE L WHELLEY President & CEO 40.00
Officer Director
$154,907 $7,700 $162,607
BRIAN PIENINCK Chairman 10.00
Officer Director
$0 $0 $0
MARTIN T FLETCHER ESQUIRE Secretary 1.00
Officer Director
$0 $0 $0
EDWIN R BRAKE Treasurer 1.00
Officer Director
$0 $0 $0
AUGUST J CHIASERA Director 1.00
Director
$0 $0 $0
SCOTT DORSEY Director 1.00
Director
$0 $0 $0
JOHN A OLSZEWSKI JR Director 1.00
Director
$0 $0 $0
FRANK PALMER Director 1.00
Director
$0 $0 $0
CARIM KHOUZAMI Director 1.00
Director
$0 $0 $0
JANET CURRIE Director 1.00
Director
$0 $0 $0
RICK KOHR Director 1.00
Director
$0 $0 $0
CHRISTY WYSKIEL Director 1.00
Director
$0 $0 $0
KIM SCHATZEL PHD Director 1.00
Director
$0 $0 $0
STACIE TOBIN Director 1.00
Director
$0 $0 $0
STEUART PITTMAN Director 1.00
Director
$0 $0 $0
BRANDON SCOTT Director 1.00
Director
$0 $0 $0
ED ROTHSTEIN Director 1.00
Director
$0 $0 $0
JACOB HSU Director 1.00
Director
$0 $0 $0
DANIELLE HORNBERGER Director 1.00
Director
$0 $0 $0
JONATHAN CASELLA Director 1.00
Director
$0 $0 $0
KELLY SCHULZ Director 1.00
Director
$0 $0 $0
WILLIAM BARROLL Director 1.00
Director
$0 $0 $0
PETER STANFORD Director 1.00
Director
$0 $0 $0
SUZANNE FISCHER-HUETTNER Director 1.00
Director
$0 $0 $0
BRUCE H JURIST ESQUIRE Director 1.00
Director
$0 $0 $0
STEVE CANARAS Director 1.00
Director
$0 $0 $0
CALVIN BUTLER Director 1.00
Director
$0 $0 $0
J MACGREGOR TISDALE Director 1.00
Director
$0 $0 $0
BARRY GLASSMAN Director 1.00
Director
$0 $0 $0
DR DARIA WILLIS Director 1.00
Director
$0 $0 $0
LAWRENCE TWELE Director 1.00
Director
$0 $0 $0
CALVIN BALL Director 1.00
Director
$0 $0 $0
GREG FITCHITT Director 1.00
Director
$0 $0 $0
NEIL MELTZER Director 1.00
Director
$0 $0 $0
JOHN COPPOLA Director 1.00
Director
$0 $0 $0
MIKE GILL Director 1.00
Director
$0 $0 $0
NANCY GREENE Director 1.00
Director
$0 $0 $0
JOHN DELONG Director 1.00
Director
$0 $0 $0
DR DAVID KWABENA WILSON Director 1.00
Director
$0 $0 $0
PAUL MAURITZ Director 1.00
Director
$0 $0 $0
GEORGE VON ZEDLITZ Director 1.00
Director
$0 $0 $0
ART YONOWITZ Director 1.00
Director
$0 $0 $0
ANDREW ROUD Director 1.00
Director
$0 $0 $0
AARON TOMARCHINO Director 1.00
Director
$0 $0 $0
GREGORY FARNO Director 1.00
Director
$0 $0 $0
JON LAU Director 1.00
Director
$0 $0 $0
DR JAY PERMAN Director 1.00
Director
$0 $0 $0
ERIC REED Director 1.00
Director
$0 $0 $0
DEREK LYNCH Director 1.00
Director
$0 $0 $0
Sharon Markley Schreiber COO 40.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $587,397 $473,305 No data $114,092
2021 $949,968 $1,133,182 $2,277,375 $-183,214
2020 $896,468 $932,277 $2,091,347 $-35,809
2019 $1,123,964 $957,136 $1,983,424 $166,828
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