Marine Insurance Association Of Seattle
- Assets
- $98.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 09/1944
- Data as of
- 12/2023
- EIN
- 91-6054613
Organization Overview
Marine Insurance Association Of Seattle is located in Gig Harbor, WA. The organization was established in 1944. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Insurance Association Of Seattle 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 Insurance Association Of Seattle generated $161.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $149.7k during the year ending 12/2023. While expenses have increased by 0.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Ramey Mchugh President | 2 | $0 | |
Romen Cross Vice President | 2 | $0 | |
Lauren Dixon Treasurer | 2 | $0 | |
Brenda Migota Secretary | 2 | $0 | |
Angela N Merrell Director | 2 | $0 | |
Rachel Neuharth Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $145,094 |
| Membership dues | $16,250 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $161,377 |
| 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 | $17,230 |
| Occupancy, rent, utilities, and maintenance | $1,123 |
| Printing, publications, postage, and shipping | $144 |
| Other expenses | $117,705 |
| Total expenses | $149,702 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,953 |
| Other assets | $0 |
| Total assets | $98,379 |
| Total liabilities | $0 |
| Net assets or fund balances | $98,379 |