National Marine Manufacturers Association Inc
- Assets
- $46.9m
- Revenue
- $52.3m
- Investments
- $2.6m
- Employees
- 137
- Location
- Washington, DC
- Founding
- 08/1982
- Data as of
- 09/2023
- EIN
- 36-2369301
Organization Overview
National Marine Manufacturers Association Inc is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, National Marine Manufacturers Association Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Marine Manufacturers 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 09/2023, National Marine Manufacturers Association Inc generated $52.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $44.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Marine Manufacturers Association Inc has awarded 53 individual grants totaling $34,345,894. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THE GROWTH AND SUCCESS OF THE RECREATIONAL BOATING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVER BOATING CONSUMER MARKETING CAMPAIGN AND BOAT SHOWS: CONTINUOUSLY IDENTIFY GROWTH OPPORTUNITIES WITHIN THE RECREATIONAL MARINE INDUSTRY TO EXPAND THE MARKET FOR BOATING, AND CHAMPION THOSE OPPORTUNITIES THROUGH CONSUMER COMMUNICATIONS, TARGETED MARKETING PROGRAMS, AND BY DEVELOPING INDUSTRY EDUCATION AND RESOURCES. PRODUCE BOAT AND SPORT SHOWS IN KEY NORTH AMERICAN MARKETS TO PROVIDE QUALITY SALES VENUES FOR EXHIBITORS AND CONSUMERS.
OTHER: COLLECTS, ANALYZES AND DISTRIBUTES INDUSTRY, ECONOMIC AND MARKET DATA; PROMOTES RECREATIONAL BOATING THROUGH CONSUMER OUTREACH; PROVIDE INFORMATION/REPRESENT THE INDUSTRY'S INTERESTS TO THE MEDIA AND OTHER PUBLIC ENTITIES; WORKS TO CREATE OPPORTUNITIES OVERSEAS; OFFERS INFORMATION AND SERVICES TO HELP MEMBERS EXPAND INTO THE GLOBAL MARKETPLACE; ASSISTS THE INDUSTRY IN CONTINUOUSLY IMPROVING CUSTOMER SATISFACTION WITH THE PURCHASE, DELIVERY, PRODUCT, USE AND AFTER-SALE EXPERIENCES THROUGH CSI (CONSUMER SATISFACTION INDEX).
ADVOCACY: REPRESENTS THE INDUSTRY ON PUBLIC POLICY ISSUES, ADVOCATING AT STATE AND FEDERAL LEVELS TO PROTECT THE INTERESTS OF THE MARINE INDUSTRY AND THE USERS OF PRODUCTS.
CERTIFICATION: MAINTAINS BOAT, TRAILER AND OIL CERTIFICATION PROGRAMS TO PROMOTE SAFETY AND HELP MANUFACTURERS PRODUCE QUALITY PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Yeargin Chairperson | OfficerTrustee | 2 | $0 |
Eric Braitmayer Treasurer | OfficerTrustee | 2 | $0 |
Matt Peat Director | Trustee | 1 | $0 |
Aine Denari Secretary | OfficerTrustee | 2 | $0 |
Ann Baldree Director | Trustee | 1 | $0 |
Ben Speciale Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ad Strategies Inc Advertising Agency | 9/29/23 | $2,109,172 |
Cutwater Llc Advertising Agency | 9/29/23 | $4,209,953 |
Jacob K Javits Convention Center Of New Convention Center Facility | 9/29/23 | $858,361 |
Massachusetts Convention Center Authorit Convention Center Facility | 9/29/23 | $997,798 |
Bcsp 231 Reit Llc Office Lease | 9/29/23 | $654,538 |
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 | $51,348,449 |
| Investment income | $1,080,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$149,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,279,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $747,847 |
| 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. | $5,113,991 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,574,553 |
| Pension plan accruals and contributions | $774,602 |
| Other employee benefits | $2,043,945 |
| Payroll taxes | $728,388 |
| Fees for services: Management | $1,559,392 |
| Fees for services: Legal | $410,957 |
| Fees for services: Accounting | $70,266 |
| Fees for services: Lobbying | $239,212 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,998 |
| Fees for services: Other | $1,940,374 |
| Advertising and promotion | $8,312,917 |
| Office expenses | $172,370 |
| Information technology | $1,384,525 |
| Royalties | $0 |
| Occupancy | $909,482 |
| Travel | $1,232,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,945 |
| Insurance | $390,529 |
| All other expenses | $0 |
| Total functional expenses | $44,776,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658 |
| Savings and temporary cash investments | $18,825,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,539,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,389 |
| Prepaid expenses and deferred charges | $1,322,897 |
| Net Land, buildings, and equipment | $63,537 |
| Investments—publicly traded securities | $17,687,369 |
| Investments—other securities | $2,631,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,720,434 |
| Total assets | $46,888,890 |
| Accounts payable and accrued expenses | $3,990,192 |
| Grants payable | $0 |
| Deferred revenue | $12,855,720 |
| 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 | $6,047,352 |
| Total liabilities | $22,893,264 |
| Net assets without donor restrictions | $23,995,626 |
| 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 | $46,888,890 |
Grants Awarded
Over the last fiscal year, National Marine Manufacturers Association Inc has awarded $747,847 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OUTDOOR RECREATION ROUNDTABLE PURPOSE: GENERAL FUNDING | $150,000 |
MARINE RETAILERS ASSOC OF AMERICA PURPOSE: GENERAL FUNDING | $472,847 |
AMERICAN BOAT & YACHT COUNCIL PURPOSE: GENERAL FUNDING | $50,000 |
OUTDOOR RECREATION ROUNDTABLE ASSOCIATION PURPOSE: GENERAL FUNDING | $75,000 |