Sporting Arms And Ammunition Manufacturers Institute Inc
- Assets
- $8.3m
- Revenue
- $2.1m
- Investments
- $7.2m
- Employees
- 4
- Location
- Shelton, CT
- Founding
- 07/2006
- Data as of
- 03/2023
- EIN
- 20-4993541
Organization Overview
Sporting Arms And Ammunition Manufacturers Institute Inc is located in Shelton, CT. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Sporting Arms And Ammunition Manufacturers Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sporting Arms And Ammunition Manufacturers Institute 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 03/2023, Sporting Arms And Ammunition Manufacturers Institute Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.6m during the year ending 03/2023. While expenses have increased by 2.4% per year over the past 8 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
CREATE & PROMULGATE TECHNICAL, PERFORMANCE & SAFETY STANDARDS FOR FIREARMS, AMMUNITION & COMPONENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY WORK OF SAAMI IS DONE BY ITS JOINT TECHNICAL COMMITTEE IN THE ESTABLISHMENT OF INDUSTRY STANDARDS. PRODUCT STANDARDS FOR FIREARMS AND AMMUNITION ARE DEVELOPED BY TWO PRODUCT STANDARDS TASK FORCES, ONE FOR AMMUNITION AND ONE FOR FIREARMS. RECOMMENDATIONS OF THE TASK FORCES ARE SUBMITTED FOR REVIEW BY THE ENTIRE TECHNICAL COMMITTEE.
LEGAL AND LEGISLATIVE - THIS COMMITTEE TRACKS DEVELOPMENTS AT THE STATE AND FEDERAL LEVELS IN THE FIELD OF PRODUCT LIABILITY LAW AND LEGISLATION THAT IMPACTS THE DESIGN, MANUFACTURE AND SALE OF FIREARMS, AMMUNITION AND PROPELLANTS BY MEMBER COMPANIES.
LOGISTICS AND REGULATORY AFFAIRS - THIS COMMITTEE WORKS TO SHAPE THE CONSTANTLY EVOLVING TRANSPORTATION AND STORAGE REGULATIONS, BOTH INTERNATIONAL AND DOMESTIC, SO THAT MEMBERS' PRODUCTS CAN BE DISTRIBUTED ECONOMICALLY, SECURELY AND SAFELY THROUGHOUT THE WORLD. EDUCATION IS A KEY FUNCTION AND THIS COMMITTEE IS DEDICATED TO PROVIDING SCIENCE-BASED INFORMATION TO REGULATORS AND KEEPING MEMBER COMPANIES UP-TO-DATE ON APPLICABLE CHANGES IN REGULATIONS. THE COMMITTEE ALSO PARTICIPATES IN THE DEVELOPMENT OF INDUSTRY STANDARDS THROUGH THEIR MEMBERSHIP IN VARIOUS ORGANIZATIONS.
INTERNATIONAL RELATIONS - THIS COMMITTEE PROVIDES FACT BASED INFORMATION RELATED TO MEMBER COMPANY PRODUCTS TO THE UNITED NATIONS AND OTHER INTERNATIONAL BODIES. THE COMMITTEE ALSO PARTICIPATES IN MEETINGS AND DISCUSSIONS RELATED TO MODEL REGULATIONS FOR TRANSPORTATION AND STORAGE AS WELL AS TREATY NEGOTIATIONS RELATED TO SMALL ARMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Chisholm Chairman | OfficerTrustee | 3 | $0 |
Jeff Ehrich Vice Chairman | OfficerTrustee | 3 | $0 |
Chris Bezzina Director | Trustee | 3 | $0 |
Ray Geyer Director | Trustee | 3 | $0 |
Stephen Hornady Director | Trustee | 3 | $0 |
Ryan Jibson Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dg Advisor Llc Consulting Services | 3/30/23 | $222,982 |
Safety Management Services Inc Testing Services | 3/30/23 | $211,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,944,512 |
| Investment income | $154,500 |
| 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 | $2,099,012 |
| 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 | $75,618 |
| 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 | $573,911 |
| Pension plan accruals and contributions | $28,926 |
| Other employee benefits | $76,501 |
| Payroll taxes | $39,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,163 |
| Fees for services: Accounting | $8,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $461,731 |
| Advertising and promotion | $8,561 |
| Office expenses | $57,078 |
| Information technology | $3,543 |
| Royalties | $0 |
| Occupancy | $32,921 |
| Travel | $108,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,654 |
| All other expenses | $46,393 |
| Total functional expenses | $1,625,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,048,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,500 |
| 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 | $28,854 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,238,438 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,341,346 |
| Accounts payable and accrued expenses | $122,169 |
| Grants payable | $0 |
| Deferred revenue | $51,563 |
| 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 | $136,321 |
| Total liabilities | $310,053 |
| Net assets without donor restrictions | $8,031,293 |
| 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 | $8,341,346 |