Marine Retailers Association Of America
- Assets
- $1.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Minneapolis, MN
- Founding
- 08/1975
- Data as of
- 12/2021
- EIN
- 23-7432127
Organization Overview
Marine Retailers Association Of America is located in Minneapolis, MN. The organization was established in 1975. 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 12/2021, Marine Retailers Association Of America employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Retailers Association Of America 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, Marine Retailers Association Of America generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 16.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION FOR MARINE RETAILERS. THE PURPOSE OF THE ORGANIZATION IS TO RENDER EDUCATIONAL, DEVELOPMENTAL, LEGISLATIVE, REGULATORY AND PROMOTIONAL SERVICES FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE A GOVERNMENT RELATIONS FUNCTION TO KEEP MEMBERS INFORMED OF CURRENT LEGISLATION AND REGULATIONS AFFECTING THE MARINE INDUSTRY AND TO LOBBY IN AN EFFORT TO FURTHER THE INTEREST OF OUR MEMBERS. WE DISTRIBUTE WEEKLY NEWSLETTERS TO MEMBERS AND NON-MEMBERS TO KEEP THEM ABREAST OF INDUSTRY TRENDS AND NEWS, ASSOCIATION NEWS AND UPDATES, LEGISLATIVE INSIGHTS, OUR BENEFITS, AND OTHER VALUABLE INFORMATION RELATED TO CURRENT INDUSTRY NEEDS. WE PROVIDE TRADE SHOWS AND A CONVENTION THAT PROVIDES EDUCATIONAL PROGRAMS RELATING TO THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Gruhn President | Officer | 40 | $172,196 |
Joe Hoffmaster Past Chairma | OfficerTrustee | 2 | $0 |
Rob Soucy Chairman | OfficerTrustee | 2 | $0 |
Jeff Strong Vice Chairma | OfficerTrustee | 2 | $0 |
Joe Lewis Secretary/tr | Officer | 2 | $0 |
Liz Walz Vice Preside | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $336,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,025 |
| Total Program Service Revenue | $2,761,157 |
| Investment income | $90 |
| 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 | $3,179,675 |
| 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. | $172,196 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,119,146 |
| Pension plan accruals and contributions | $25,712 |
| Other employee benefits | $0 |
| Payroll taxes | $93,430 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,421 |
| Travel | $64,956 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $573,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,685 |
| Insurance | $0 |
| All other expenses | $138,974 |
| Total functional expenses | $2,740,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,982 |
| Savings and temporary cash investments | $1,000,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,258 |
| 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 | $47,653 |
| Net Land, buildings, and equipment | $22,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,676,361 |
| Accounts payable and accrued expenses | $186,564 |
| Grants payable | $0 |
| Deferred revenue | $64,490 |
| 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 | $251,054 |
| Net assets without donor restrictions | $1,425,307 |
| 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 | $1,676,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marine Retailers Association Of America has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Elkhart County Inc Elkhart, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |