Cove Merchants Association Inc
- Assets
- $57.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cape Canaveral, FL
- Founding
- 09/2014
- Data as of
- 01/2022
- EIN
- 59-3460888
Organization Overview
Cove Merchants Association Inc is located in Cape Canaveral, FL. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Cove Merchants 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 01/2022, Cove Merchants Association Inc generated $24.2k 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 (32.1%) each year. All expenses for the organization totaled $10.8k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (38.9%) 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
2022
Describe the Organization's Program Activity:
Part 3
THE PRIMARY GOAL IS TO MARKET LOCAL BUSINESSES IN PORT CANAVERAL, WHICH IS A WATERFRONT DESTINATION FOR TOURISTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhett Fischer President/treasurer | 20 | $0 | |
Kerry Bartlett Vice President/secretary | 20 | $0 | |
Michael Schwarz Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,651 |
| Membership dues | $500 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,151 |
| 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 | $2,120 |
| Occupancy, rent, utilities, and maintenance | $4,820 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,835 |
| Total expenses | $10,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,968 |
| Other assets | $0 |
| Total assets | $56,968 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,968 |
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