Norwalk Seaport Association Inc
- Assets
- $2.3m
- Revenue
- $478.2k
- Investments
- $0.0
- Employees
- 21
- Location
- Norwalk, CT
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 06-0986800
Organization Overview
Norwalk Seaport Association Inc is located in Norwalk, CT. The organization was established in 1980. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Norwalk Seaport Association Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Seaport Association Inc 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 12/2023, Norwalk Seaport Association Inc generated $478.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $490.3k during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE NORWALK SEAPORT ASSOCIATION IS TO FOSTER PUBLIC AWARENESS OF OUR MARINE ENVIRONMENT AND MARITIME HERITAGE THROUGH EDUCATION AND PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHEFFIELD ISLAND LIGHTHOUSE AND ADJACENT KEEPER'S COTTAGE ARE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE ASSOCIATION OWNS AND MAINTAINS THE LIGHTHOUSE AND COTTAGE AS A HISTORICAL AND EDUCATIONAL TOURIST ATTRACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Toni Business Manger | Officer | 40 | $85,800 |
Mike Reilly President | OfficerTrustee | 10 | $0 |
Richard Mcquaid Vice President | OfficerTrustee | 10 | $0 |
Maureen Bonenfant Secretary | OfficerTrustee | 10 | $0 |
Gerald Rabin Treasurer | OfficerTrustee | 10 | $0 |
Linda Cappello Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,267 |
| Total Program Service Revenue | $220,129 |
| Investment income | $28,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,232 |
| Net Gain/Loss on Asset Sales | -$21,899 |
| Net Income from Fundraising Events | $97,268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,800 |
| Compensation of current officers, directors, key employees. | $85,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,020 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,597 |
| Payroll taxes | $14,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,986 |
| Advertising and promotion | $15,854 |
| Office expenses | $102,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,543 |
| 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 | $31,456 |
| Insurance | $34,987 |
| All other expenses | $0 |
| Total functional expenses | $490,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,064 |
| Savings and temporary cash investments | $984,133 |
| 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 | $28,095 |
| Net Land, buildings, and equipment | $1,253,107 |
| Investments—publicly traded securities | $7,432 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,321,831 |
| Accounts payable and accrued expenses | $3,900 |
| 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 | $3,900 |
| Net assets without donor restrictions | $2,317,931 |
| 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 | $2,321,831 |