Massachusetts Energy Marketers Association Inc
- Assets
- $208.6k
- Revenue
- $588.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Wilmington, MA
- Founding
- 03/1957
- Data as of
- 11/2022
- EIN
- 04-2183106
Organization Overview
Massachusetts Energy Marketers Association Inc is located in Wilmington, MA. The organization was established in 1957. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2022, Massachusetts Energy Marketers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Energy Marketers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2022, Massachusetts Energy Marketers Association Inc generated $588.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $638.1k during the year ending 11/2022. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A TRADE ASSOCIATION SERVING AND REPRESENTING MEMBERS DOING BUSINESS IN THE STATE OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE SALE OF HEATING OIL AND RENEWABLE LIQUID FUELS THROUGH VARIOUS ADVERTISING, MARKETING AND COMMUNICATION ACTIVITIES.
PROTECTED AND FOSTERED THE BEST INTEREST OF THE INDUSTRY AND THE CONSUMER. DISSEMINATE USEFUL AND TIMELY INFORMATION TO THE INDUSTRY AND THE CONSUMING PUBLIC.
MONITORED ALL PERTINENT LEGISLATION AND REGULATORY ACTIVITY AND COORDINATE UNIFIED ACTION BY ALL INDUSTRY SEGMENTS.
ENCOURAGE HIGH STANDARDS OF SERVICE WITHIN THE INDUSTRY TO BEST SERVE THE PUBLIC AND THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ferrante President, Secretary | 40 | $138,533 | |
Scott Macfarlane Vc Region 5 | OfficerTrustee | 0 | $0 |
Leo Verruso Vc Region 2 | OfficerTrustee | 0 | $0 |
Ted Noonan Vc Region 1 | OfficerTrustee | 0 | $0 |
Chris Leboeuf Senior Vice Chairman | OfficerTrustee | 0 | $0 |
Charles Uglietto Vc Region 4 | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $317,863 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,290 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,153 |
| Total Program Service Revenue | $44,062 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $588,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,743 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,393 |
| Pension plan accruals and contributions | $4,475 |
| Other employee benefits | $29,605 |
| Payroll taxes | $16,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,876 |
| Fees for services: Accounting | $12,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,612 |
| Travel | $22,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568 |
| Insurance | $0 |
| All other expenses | $7,351 |
| Total functional expenses | $638,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,995 |
| Net Land, buildings, and equipment | $1,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,621 |
| Accounts payable and accrued expenses | $110,814 |
| Grants payable | $0 |
| Deferred revenue | $26,615 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,429 |
| Net assets without donor restrictions | $71,192 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $208,621 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Massachusetts Energy Marketers Association Inc has recieved totaling $503,379.
| Awarding Organization | Amount |
|---|---|
National Oilheat Research Alliance Alexandria, VA PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $503,379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Southeastern New England Defense Industry Alliance Middletown, RI | $1,374,254 | $9,240,701 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |
Science Park Development Corporation New Haven, CT | $13,300,850 | $3,489,303 |
New York Society Of Security Analysts Inc New York, NY | $12,287,632 | $4,837,133 |