American Boat Builders & Repairers Association Inc
- Assets
- $36.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, RI
- Founding
- 06/1945
- Data as of
- 12/2021
- EIN
- 13-6162913
Organization Overview
American Boat Builders & Repairers Association Inc is located in Warren, RI. The organization was established in 1945. 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. American Boat Builders & Repairers 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 12/2021, American Boat Builders & Repairers Association Inc generated $78.1k 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 (11.1%) each year. All expenses for the organization totaled $64.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.2%) 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
TO DEVELOP AND ENCOURAGE HIGH STANDARDS OF SERVICE AND CONTROL WITHIN THE BOAT BUILDING AND REPAIRERS INDUSTRY.
Describe the Organization's Program Activity:
Part 3
PROVIDING TRAINING MATERIALS AND OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT IN THE BOAT BUILDERS AND REPAIRERS INDUSTRY
ADVERTISING AND PUBLIC RELATIONS TO PROMOTE THE USE OF MEMBER BOATYARDS, TO ENCOURAGE YARDS TO JOIN THE ASSOCIATION, TO DISSEMINATE EDUCATIONAL AND INFORMATIONAL MATERIALS, PROVIDE EDUCATIONAL SEMINARS AND SAFETY PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Morse President | 2 | $0 | |
Ernie D'alto Vice Preside | 2 | $0 | |
Peter Sabo Treasurer | 2 | $0 | |
John Hall Jr Director | 0.5 | $0 | |
Gerard Mcdonough Director | 0.5 | $0 | |
Jessica Parker Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,917 |
| Total Program Service Revenue | $30,212 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,132 |
| 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 | $54,752 |
| Occupancy, rent, utilities, and maintenance | $370 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,717 |
| Total expenses | $64,839 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,444 |
| Other assets | $0 |
| Total assets | $36,692 |
| Total liabilities | $11,955 |
| Net assets or fund balances | $24,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
Nantucket Community Sailing Inc Nantucket, MA | $4,938,871 | $779,029 |
Piers Park Sailing Center Inc East Boston, MA | $910,975 | $1,064,918 |
Pleasant Bay Community Boating Inc North Chatham, MA | $4,919,007 | $1,766,472 |
Cambridge Boat Club Cambridge, MA | $1,664,674 | $711,494 |
Crew Family Foundation Inc Plainville, CT | $603,187 | $731,564 |
Winchester Swim Club Inc South Dartmouth, MA | $1,267,611 | $790,941 |