Marine Industries Association Of Palm Beach County Inc
- Assets
- $4.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- North Palm Beach, FL
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 59-2834931
Organization Overview
Marine Industries Association Of Palm Beach County Inc is located in North Palm Beach, FL. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Marine Industries Association Of Palm Beach County Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Industries Association Of Palm Beach County 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 12/2023, Marine Industries Association Of Palm Beach County Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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.
Since 2020, Marine Industries Association Of Palm Beach County Inc has awarded 46 individual grants totaling $472,860. 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
THE VOICE OF PALM BEACH COUNTY'S BOATING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOAT SHOW: THE PALM BEACH INTERNATIONAL BOAT SHOW, WHICH TAKES PLACE ALONG FLAGLER DRIVE IN DOWNTOWN WEST PALM BEACH, IS ONE OF THE TOP FIVE LARGEST BOAT SHOWS IN THE U.S. WITH A STATEWIDE ECONOMIC IMPACT OF $1.05 BILLION. THE SHOW FEATURES MORE THAN $1.2 BILLION WORTH OF YACHTS AND ACCESSORIES, INCLUDING HUNDREDS OF BOATS RANGING FROM 8-FOOT INFLATABLES TO SUPER YACHTS NEARLY 300 FEET IN LENGTH.
BOAT PARADE: THE PALM BEACH HOLIDAY BOAT PARADE AND TOY DRIVE IS A PREMIER EVENT OF THE MIAPBC AND GIFT TO THE COMMUNITY, WHICH COLLECTS MORE THAN 10,000 TOYS FOR LOCAL FAMILIES EACH YEAR. THE PARADE OF DOZENS OF DECORATED BOATS, LED BY A TRAVELING FIREWORKS DISPLAY, NAVIGATES UP THE INTRACOASTAL WATERWAY FROM NORTH PALM BEACH TO THE JUPITER INLET LIGHTHOUSE THE FIRST SATURDAY OF DECEMBER EACH YEAR.
LEGISLATIVE AND REGULATORY ADVOCACY: PROVIDING A VOICE FOR THE INDUSTRYMIAPBC CAREFULLY MONITORS, COMMENTS, SUPPORTS OR CHALLENGES GOVERNMENT REGULATIONS OR LEGISLATION THAT IT HAS DETERMINED MAY HAVE AN IMPACT ON PALM BEACH COUNTY'S MARINE INDUSTRY ON THE LOCAL, STATE AND NATIONAL LEVELS. IN ADDITION TO ACTIVISM ON THE LOCAL LEVEL IN PALM BEACH COUNTY, OUR LEGISLATIVE COMMITTEE, BOARD OF DIRECTORS AND GOVERNMENT RELATIONS REPRESENTATIVES IN TALLAHASSEE AND IN WASHINGTON D.C. ARE FOCUSED ON A WIDE VARIETY OF ISSUES TO ENSURE THAT MARINE BUSINESSES ARE PROTECTED, OR CAN BENEFIT FROM GOVERNMENTAL POLICIES OR ACTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Burkett President | OfficerTrustee | 1 | $0 |
Tamra Fitzgerald Vice President | OfficerTrustee | 1 | $0 |
Ray Graziotto Sec/treasurer | Trustee | 1 | $0 |
Janet Zimmerman Treasurer | Trustee | 1 | $0 |
Mallory Doremus Director | Trustee | 1 | $0 |
Tino Garcia Director | Trustee | 1 | $0 |
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 | $1,856,059 |
| Investment income | $174,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,027,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $196,156 |
| 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. | $101,113 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,548 |
| Payroll taxes | $30,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,759 |
| Advertising and promotion | $25,088 |
| Office expenses | $13,918 |
| Information technology | $14,536 |
| Royalties | $0 |
| Occupancy | $31,307 |
| Travel | $2,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,315 |
| All other expenses | $237,532 |
| Total functional expenses | $1,305,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,241 |
| Savings and temporary cash investments | $4,188,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,752 |
| 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 | $4,305,015 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,330 |
| 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 | $3,330 |
| Net assets without donor restrictions | $4,301,685 |
| 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 | $4,305,015 |
Grants Awarded
Over the last fiscal year, Marine Industries Association Of Palm Beach County Inc has awarded $120,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW RED HARRIS FOUNDATION PURPOSE: OPERATING GRANT | $10,000 |
FLORIDA FISHING ACADEMY PURPOSE: OPERATING GRANT | $15,000 |
WEST PLAM BEACH FISHING CLUB PURPOSE: SPONSORSHIP | $8,000 |
LOGGERHEAD MARINELIFE CENTER PURPOSE: OPERATING GRANT | $25,500 |
BIG DOG FAT CAT TOURNAMENT PURPOSE: EVENT SPONSORSHIP | $6,500 |
ANGARI FOUNDATION PURPOSE: SPONSORSHIP | $8,500 |