Association Of Marina Industries
- Assets
- $2.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, RI
- Founding
- 02/2005
- Data as of
- 09/2023
- EIN
- 16-1710160
Organization Overview
Association Of Marina Industries is located in Warren, RI. The organization was established in 2005. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Marina Industries 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 09/2023, Association Of Marina Industries generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 4.6% per year over the past 7 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
TO PROMOTE THE GENERAL WELFARE OF THE MARINA INDUSTRY AROUND THE WORLD THROUGH EDUCATION AND PROGRAMS DESIGNED TO DISSEMINATE INFORMATION OF VALUE THROUGHOUT THE INDUSTRY AND TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES WORKSHOPS AND SEMINARS ON SUBJECTS ASSOCIATED WITH THE MARINA INDUSTRY TO SUPPORT AND PROVIDE PROFESSIONAL CERTIFICATION PROGRAMS FOR THE MARINA PROFESSIONAL AND DEVELOPMENT OPPORTUNITIES FOR THE MARINA INDUSTRY.
PROMOTE NATIONAL MARINA DAY WHICH BRINGS HISTORY OF MARINAS TO THE PUBLIC, AND ENCOURAGES AMERICA'S MARINAS TO CONTINUE TO SERVE AS ENVIRONMENTALLY FRIENDLY GATEWAYS TO BOATING.
PUBLICATION AND DISTRIBUTION OF NEWSLETTER AND NEWS RELEASES DISCUSSING CURRENT INDUSTRY TRENDS AND ENVIRONMENTAL COMPLIANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Swick Chairman | OfficerTrustee | 2 | $0 |
Rick Chapman Vice Chairma | OfficerTrustee | 2 | $0 |
Maieke Van Peer Treasurer | OfficerTrustee | 2 | $0 |
Kevin Thompson Secretary | OfficerTrustee | 2 | $0 |
Chris Petty Immediate Pa | OfficerTrustee | 1 | $0 |
Giuseppe Alvarado Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $296,558 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,531 |
| Total Program Service Revenue | $1,166,068 |
| Investment income | $21,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,593,138 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $611,514 |
| Fees for services: Legal | $16,940 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,476 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,180 |
| Office expenses | $20,100 |
| Information technology | $6,471 |
| Royalties | $0 |
| Occupancy | $6,875 |
| Travel | $35,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $441,277 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,502 |
| All other expenses | $0 |
| Total functional expenses | $1,309,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $974,444 |
| Savings and temporary cash investments | $963,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,164 |
| 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 | $160,585 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,173,918 |
| Accounts payable and accrued expenses | $95,913 |
| Grants payable | $0 |
| Deferred revenue | $722,750 |
| 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 | $818,663 |
| Net assets without donor restrictions | $1,355,255 |
| 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 | $2,173,918 |