Managers Of Boston Port And Seamens Aid Society is located in Salem, MA. The organization was established in 1973. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Managers Of Boston Port And Seamens Aid Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Managers Of Boston Port And Seamens Aid Society generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Managers Of Boston Port And Seamens Aid Society has awarded 32 individual grants totaling $529,725. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Sorrentino Executve Director | 0 | $127,631 | |
Martha R Bagley Treasurer/secretary | 0 | $18,750 | |
Richard C Avery Trustee | 0 | $0 | |
Nancy J Caruso Trustee | 0 | $0 | |
Donald W Gardner Jr Trustee | 0 | $0 | |
Oliver A Spalding Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bny Mellon Financial Center | 12/30/19 | $70,817 |
Law Offices Of Martha Bagley | 12/30/19 | $72,000 |
Bny Mellon Financial Center | 12/30/19 | $0 |
Law Offices Of Martha Bagley | 12/30/19 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $34,000 |
Interest on Savings | $0 |
Dividends & Interest | $380,672 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $338,991 |
Capital Gain Net Income | $338,991 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $573,536 |
Total Revenue | $1,327,199 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $146,381 |
Other employee salaries and wages | $434,736 |
Pension plans, employee benefits | $3,791 |
Interest | $0 |
Taxes | $13,932 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $347,026 |
Total operating and administrative expenses | $1,028,683 |
Contributions, gifts, grants paid | $110,000 |
Total expenses and disbursements | $1,138,683 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $110,004 |
Savings and temporary cash investments | $283,033 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $4,705,226 |
Other assets | $0 |
Total assets | $17,586,771 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $3,042 |
Total liabilities | $3,042 |
Over the last fiscal year, Managers Of Boston Port And Seamens Aid Society has awarded $110,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
MASSACHUSETTS MARITIME AC PURPOSE: GENERAL | $30,000 |
FISHING PARTNERSHIP HEALT PURPOSE: GENERAL | $20,000 |
MAINE MARITIME ACADEMY PURPOSE: GENERAL | $20,000 |
Boston, MA PURPOSE: GENERAL | $15,000 |
BOSTON SEAMEN'S FRIEND SO PURPOSE: GENERAL | $15,000 |
SHAW'S FUND FOR MAIRNERS' CHILDREN PURPOSE: GENERAL | $10,000 |
Over the last fiscal year, we have identified 1 grants that Managers Of Boston Port And Seamens Aid Society has recieved totaling $45,547.
Awarding Organization | Amount |
---|---|
Trust Uw Elisha V Ashton C/O Choate Hall & Stewart Boston, MA PURPOSE: GENERAL | $45,547 |
Organization Name | Assets | Revenue |
---|---|---|
Harc Inc Hartford, CT | $9,020,938 | $21,432,465 |
Community Action Programs Inter-City Inc Chelsea, MA | $5,352,397 | $12,740,283 |
North Shore Community Action Programs Inc Peabody, MA | $2,572,434 | $10,364,701 |
Bridgeport Rescue Mission Inc Bridgeport, CT | $13,115,904 | $7,507,161 |
Community Action Agency Of Somerville Inc Somerville, MA | $3,713,517 | $6,600,399 |
Family Center Inc Brooklyn, NY | $5,076,025 | $6,630,119 |
Child Health And Development Institute Of Connecticut Inc Farmington, CT | $14,669,719 | $19,966,539 |
Marys Meadow At Providence Place Inc Holyoke, MA | $7,290,034 | $5,907,065 |
Nashua Center Nashua, NH | $2,054,563 | $6,528,352 |
Community Action Program For Madison County Inc Morrisville, NY | $2,954,895 | $4,819,285 |
American Corporate Partners New York, NY | $9,248,208 | $6,198,246 |
Womens Lunch Place Inc Boston, MA | $7,446,341 | $6,100,392 |