Electric Boat Management Association
- Assets
- $150.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Groton, CT
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 06-1052293
Organization Overview
Electric Boat Management Association is located in Groton, CT. The organization was established in 1982. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electric Boat Management Association 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 12/2021, Electric Boat Management Association generated $80.2k 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 (15.5%) each year. All expenses for the organization totaled $45.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE PROFESSIONAL DEVELOPMENT TO THE MEMBERSHIP
Describe the Organization's Program Activity:
Part 3
MONTHLY DINNER MEETINGS FOSTER EMPLOYEE FELLOWSHIP; SPEAKERS PROVIDE INFORMATION OF A PROFESSIONAL OR MOTIVATIONAL NATURE TO THE MEMBERSHIP.
PERIODIC OUTINGS OF A SOCIAL NATURE FOR THE PURPOSE OF FOSTERING EMPLOYEE FELLOWSHIP.
OTHER PROGRAM DEVELOPMENT EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Johnson Treasurer | 2 | $0 | |
Erick Cushman Vice President | 2 | $0 | |
Mark Wiggins President | 2 | $0 | |
Tabitha Hubbling Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,841 |
| Total Program Service Revenue | $5,335 |
| Membership dues | $0 |
| Investment income | $68 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,244 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,486 |
| Total expenses | $45,486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,940 |
| Other assets | $0 |
| Total assets | $150,940 |
| Total liabilities | $0 |
| Net assets or fund balances | $150,940 |
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|---|---|---|
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New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
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Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |