Rhode Island Saltwater Anglers Association is located in Tiverton, RI. The organization was established in 2003. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Rhode Island Saltwater Anglers Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Saltwater Anglers Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Rhode Island Saltwater Anglers Association generated $114.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $179.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR RECREATIONAL SALTWATER ANGLERS AND TO PROVIDE EDUCATION IN VARIOUS FISHING TECHIQUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO MEMBERS CONCERNING FISHING TECHNIQUES, IMPROVED CATCHES, AND OVERALL ENJOYMENT OF FISHING; TO FOSTER SPORTSMANSHIP; TO SUPPORT MARINE CONSERVATION AND SOUND MANAGEMENT OF FISHERIES RESOURCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen J Medeiros President | OfficerTrustee | 3 | $0 |
Peter O'biso Treasurer | OfficerTrustee | 25 | $14,588 |
Greg Vespe Executive Director | OfficerTrustee | 60 | $9,750 |
Richard Hittinger 1st Vice President | OfficerTrustee | 3 | $0 |
David Michel Sergeant At Arms | OfficerTrustee | 3 | $0 |
Susan Lema Secretary | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $45,033 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $45,033 |
Total Program Service Revenue | $44,775 |
Investment income | $12,710 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,257 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $108 |
Miscellaneous Revenue | $0 |
Total Revenue | $114,883 |
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. | $71,288 |
Compensation of current officers, directors, key employees. | $71,288 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,319 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,030 |
Office expenses | $6,539 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $79,027 |
Total functional expenses | $179,705 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,118 |
Savings and temporary cash investments | $62,149 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $366,940 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $430,207 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Net assets without donor restrictions | $430,207 |
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 | $430,207 |
Over the last fiscal year, we have identified 1 grants that Rhode Island Saltwater Anglers Association has recieved totaling $100.
Awarding Organization | Amount |
---|---|
Michel Foundation Deerfield, IL PURPOSE: TO SUPPORT MARINE CONVERSATION | $100 |
Organization Name | Assets | Revenue |
---|---|---|
Third Sector Capital Partners Inc Boston, MA | $27,345,891 | $27,551,770 |
Build Commonwealth Inc Boston, MA | $4,562,136 | $1,917,151 |
Boston Public Market Boston, MA | $10,519,355 | $1,304,589 |
Catholic Investment Services Inc Boston, MA | $1,253,675 | $2,110,461 |
Worcester Community Housing Resources Inc Worcester, MA | $25,013,732 | $2,233,936 |
Ocean State Business Development Authority Inc Warwick, RI | $521,138 | $1,243,867 |
Coalition For Social Justice Education Fund Inc New Bedford, MA | $653,415 | $1,123,859 |
Support The Soupman Corp Bridgewater, MA | $218,317 | $496,171 |
Foundation For Agnosticism And Meritocracy Inc Woburn, MA | $28,436 | $0 |
Rhode Island Saltwater Anglers Association Tiverton, RI | $430,207 | $114,883 |
Confetti Foundation Middletown, RI | $143,613 | $0 |
Authentic Caribbean Foundation Boston, MA | $37,023 | $0 |