Lakeland Marine Retailers Association Inc
- Assets
- $130.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MI
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 35-1485433
Organization Overview
Lakeland Marine Retailers Association Inc is located in Quincy, MI. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeland Marine Retailers 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, Lakeland Marine Retailers Association Inc generated $125.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $125.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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 Program Activity:
Part 3
EACH YEAR, THE ASSOCATION HOSTS A BOAT SHOW IN FORT WAYNE, INDIANA. DUE TO COVID, THE 2021 BOAT SHOW WAS CANCELLED. REFUNDS WERE ISSUED TO THE EXHIBITORS. FOR THE 2020 BOAT SHOW, 8,979 PEOPLE ATTENDED THE SHOW. FOR THE 2019 BOAT SHOW, 9,169 PEOPLE ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Marsh Director | 1 | $0 | |
Terry Archbold Director | 1 | $0 | |
Terry Van Daele President | 2 | $0 | |
Bryan Reynolds Director | 1 | $0 | |
Doug Anderson Secretary | 2 | $0 | |
Dave Aker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $125,290 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,296 |
| 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 | $17,014 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $108,282 |
| Total expenses | $125,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $117,190 |
| Other assets | $0 |
| Total assets | $130,718 |
| Total liabilities | $108,299 |
| Net assets or fund balances | $22,419 |
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