NonprofitsOcean City Development Corporation

Arts, Culture & Humanities

Ocean City Development Corporation

OCEAN CITY, MD

Total revenue

$907K

Total expenses

$861K

Net assets

$3.7M

Grants received

$24K

3 grants

EIN

522222484

Tax year

2024

Mission

The ocean city development corporation is dedicated to the revitalization of the downtown area of ocean city, maryland. Programs are designed by the organization to formulate and implement long range development strategies for commercial, office, residential, and other development in the downtown area.

Programs

3 programs

Public art program - this program adds interest to the downtown area and will increasepedestrian traffic, as the area becomes better known for its public art offerings.

Expenses: $26K

Green building initiatives program - commercial program provides financial assistance tobusinesses to install new long-term energy-efficient products. The program is funded by grantsfrom the maryland department of housing and community development.

Expenses: $17K

Various programs related to the revitalization of downtown ocean city.

Expenses: $465KGrants: $12K

Financials

FY 2024

Revenue

Contributions & grants$800K
Program service revenue
Investment income$33K
Other revenue$75K
Total revenue$907K

Expenses

Grants paid$12K
Salaries & benefits$201K
Fundraising
Other expenses$649K
Total expenses$861K
Total assets$5.2M
Net assets$3.7M

People

15 listed

NameRoleCompensation

ZACHARY BANKERT

EXECUTIVE DIRECTOR

Board

$99K

40 hrs/wk

PATRICK MCLAUGHLIN

VICE PRESIDENT

Board

1 hrs/wk

SONIA BAKER

SECRETARY

Board

1 hrs/wk

NANCY BRADFORD

DIRECTOR

Board

1 hrs/wk

SPIRO BUAS

DIRECTOR

Board

1 hrs/wk

MICHAEL NOLEN

DIRECTOR

Board

1 hrs/wk

HEATHER MORRISON

DIRECTOR

Board

1 hrs/wk

JOE WILSON

PRESIDENT

Board

1 hrs/wk

SCOTT SAVAGE

DIRECTOR

Board

1 hrs/wk

IGOR CONEV

DIRECTOR

Board

1 hrs/wk

BILL SIEG

DIRECTOR

Board

1 hrs/wk

DENNIS DARE

DIRECTOR

Board

1 hrs/wk

STEPHANIE MEEHAN

DIRECTOR

Board

1 hrs/wk

CALEIGH WOOTTEN

DIRECTOR

Board

1 hrs/wk

NICK TEKMEN

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$6K
COMMUNITY DEVELOPMENT
2023
$13K
COMMUNITY DEVELOPMENT
2019
$5K
COMMUNITY DEVELOPMENT
2018

Funded by

$24K from 1 funder · 3 grants · 2018–2023

Community Foundation Of The Eastern Shor

$24K · 3 grants · 2018–2023

Details

EIN522222484
NTEE codeA80
Subsection03
Ruling date2001-06
Formed2000
Employees7
Volunteers60
OCEAN CITY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo