Society Of Accredited Marine Surveyors Inc
- Assets
- $700.4k
- Revenue
- $495.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Jacksonville, FL
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 59-3084806
Organization Overview
Society Of Accredited Marine Surveyors Inc is located in Jacksonville, FL. The organization was established in 1992. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2021, Society Of Accredited Marine Surveyors Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Accredited Marine Surveyors 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, Society Of Accredited Marine Surveyors Inc generated $495.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $384.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. 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
A PROFESSIONAL MEMBERSHIP ORGANIZATION THAT OFFERS MEMBERSHIP TO THOSE INDIVIDUALS IN THE MARINE SURVEY PROFESSION, AND THOSE INDIVIDUALS AND CORPORATIONS INTERESTED IN THE MARINE SURVEYOR PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH STANDARDS FOR TECHNICAL PROCEDURES; SET FORTH CODE OF ETHICS; SPONSOR MEETINGS OF MEMBERSHIP; PROVIDE ADVERTISEMENT AND PRINTED MATERIALS; PROVIDE TECHNICAL ASSISTANCE, INFORMATION AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhea Shea Executive Director | Officer | 40 | $60,161 |
Joseph B Lobley Vice President | OfficerTrustee | 0.5 | $0 |
Angel Zeno Vice President | OfficerTrustee | 10 | $0 |
Gary Frankovich Secretary/treasurer | OfficerTrustee | 10 | $0 |
Bill Trenkle Immediate Past President | OfficerTrustee | 10 | $0 |
Kenneth Weinbrecht Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,698 |
| 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 | $29,698 |
| Total Program Service Revenue | $458,695 |
| Investment income | $75 |
| 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 | $495,309 |
| 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. | $60,161 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,201 |
| Fees for services: Accounting | $6,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,970 |
| Office expenses | $30,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,422 |
| Travel | $547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,379 |
| Insurance | $69,431 |
| All other expenses | $1,838 |
| Total functional expenses | $384,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,122 |
| Savings and temporary cash investments | $319,157 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $210,155 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $700,434 |
| Accounts payable and accrued expenses | $946 |
| 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 | $946 |
| Net assets without donor restrictions | $699,488 |
| 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 | $700,434 |
Peer Organizations
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|---|---|---|
Association Of Energy Engineers Inc Atlanta, GA | $13,488,495 | $8,551,361 |
Georgia Association Of Water Professionals Inc Marietta, GA | $5,254,458 | $1,654,787 |
Alabama Mountain Lakes Association Inc Decatur, AL | $2,032,457 | $1,891,482 |
Society Of Environmental Toxicology And Chemistry Pensacola, FL | $1,353,566 | $1,404,327 |
Center For Civic Innovation Inc Atlanta, GA | $1,558,268 | $855,270 |
The Florida Natural Gas Association Inc Tallahassee, FL | $747,424 | $676,208 |
Senpa Inc New Port Richey, FL | $347,202 | $596,458 |
Florida Land Title Association Inc Tallahassee, FL | $1,696,367 | $823,185 |
Alabama Natural Gas Association Hartselle, AL | $1,571,711 | $961,929 |
Florida Federation Of Garden Clubs Inc Winter Park, FL | $2,499,967 | $1,333,171 |
The Board Of Environmental Health And Safety Auditor Certifications Lake Mary, FL | $0 | $10,523 |
Florida Chapter Of The Intl Society Of Arboriculture Sarasota, FL | $929,423 | $622,835 |