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        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>CHARITABLY FORMED TO ENCOURAGE, FOSTER, AND PROMOTE THE GROWTH AND DEVELOPMENT OF THE OCEAN CITY BUSINESS COMMUNITY, THE EDUCATIONAL DEVELOPMENT OF THE WORKFORCE, THE BEAUTIFICATION AND ENVIRONMENTAL PROTECTION OF THE OCEAN CITY AREA, AND THE GROWTH AND DEVELOPMENT OF THE OCEAN CITY WORKFORCE.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>ALLOCATION OF OCCUPANCY EXPENSE. THE USE OF OFFICE SPACE AND OFFICE EQUIPMENT ALLOWS THE FOUNDATION TO OBTAIN CERTAIN CONTRIBUTIONS, SELL MERCHANDIES AND CONDUCT ACTIVITIES.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE OFFICERS AND DIRECTORS WILL REVIEW THE TAX RETURN BEFORE IT IS FILED.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR ALL HUMAN RESOURCE MANAGEMENT INCLUDING ENFORCEMENT OF CONFLICTS POLICY.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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