Marine Trades Association Of New Jersey is located in Brielle, NJ. The organization was established in 1974. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Marine Trades Association Of New Jersey employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Trades Association Of New Jersey 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 03/2022, Marine Trades Association Of New Jersey generated $775.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $674.0k during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO ADVANCING, PROMOTING AND PROTECTING THE RECREATIONAL MARINE INDUSTRY AND WATERWAYS IN NJ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE BOATER EDUCATION, SAFETY, AND LEGISLATIVE ISSUES IN ORDER TO ESTABLISH BETTER SAFETY AND BOATING CONDITIONS IN NEW JERSEY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Greg Wright President | OfficerTrustee | 5 | $0 |
Colleen Blake 2nd Vice President | OfficerTrustee | 5 | $0 |
George Fuller 1st Vice President | OfficerTrustee | 5 | $0 |
Ed Harrison III Treasurer | OfficerTrustee | 5 | $0 |
Raymond Bogan Secretary | OfficerTrustee | 5 | $0 |
Mark Cassidy Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $123,454 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $42,002 |
All other contributions, gifts, grants, and similar amounts not included above | $82,065 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $247,521 |
Total Program Service Revenue | $62,506 |
Investment income | $851 |
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 | $775,647 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $430 |
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. | $228,466 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $5,127 |
Other employee benefits | $0 |
Payroll taxes | $18,486 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,550 |
Fees for services: Lobbying | $30,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $303 |
Office expenses | $23,102 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $20,120 |
Travel | $2,058 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $278,534 |
Interest | $648 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $14,694 |
All other expenses | $12,091 |
Total functional expenses | $674,033 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $202,581 |
Savings and temporary cash investments | $125,112 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,015 |
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 | $0 |
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 | $333,708 |
Accounts payable and accrued expenses | $10,042 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $10,042 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $171,618 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $152,048 |
Total liabilities and net assets/fund balances | $333,708 |
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