Society Of Marine Port Engineers New York Ny Inc
- Assets
- $497.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eatontown, NJ
- Founding
- 05/1948
- Data as of
- 12/2022
- EIN
- 13-6114438
Organization Overview
Society Of Marine Port Engineers New York Ny Inc is located in Eatontown, NJ. The organization was established in 1948. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Marine Port Engineers New York NY 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 12/2022, Society Of Marine Port Engineers New York NY Inc generated $19.7k 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 (6.5%) each year. All expenses for the organization totaled $25.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOANS AND SCHOLARSHIPS FOR ENGINEERING STUDENTS
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOANS AND SCHOLARSHIPS TO ENGINEERING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Norris President | 10 | $0 | |
Paul Hormann Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,865 |
| Total Program Service Revenue | $6,220 |
| Membership dues | $0 |
| Investment income | $4,587 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,672 |
| 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 | $5,011 |
| Occupancy, rent, utilities, and maintenance | $11,306 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,431 |
| Total expenses | $25,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $478,774 |
| Other assets | $0 |
| Total assets | $497,321 |
| Total liabilities | $0 |
| Net assets or fund balances | $497,321 |