Marine Insurance Association Of Seattle
- Assets
- $86.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gig Harbor, WA
- Founding
- 09/1944
- Data as of
- 12/2022
- 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 12/2022, Marine Insurance Association Of Seattle generated $85.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Park President | 2 | $0 | |
Romen Cross Treasurer | 2 | $0 | |
Morgan Ramey Mchugh Vice President | 2 | $0 | |
Lauren Dixon Secretary | 2 | $0 | |
Angela N Merrell Director | 2 | $0 | |
Caitie Millman Immediate Past President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $68,428 |
| Membership dues | $16,750 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,191 |
| 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 | $21,320 |
| Occupancy, rent, utilities, and maintenance | $1,291 |
| Printing, publications, postage, and shipping | $163 |
| Other expenses | $70,848 |
| Total expenses | $102,622 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,204 |
| Other assets | $0 |
| Total assets | $86,704 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,704 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Counties Insurance Fund Tumwater, WA | $12,803,774 | $66,207,996 |
Power Engineers Inc Employee Benefit Plan Hailey, ID | $6,741,524 | $36,639,487 |
Carrix Inc Benefits Trust Seattle, WA | $13,678,947 | $20,538,875 |
United Employees Benefit Trust Tacoma, WA | $48,936,771 | $25,801,114 |
Oregon Processors Employees Trust Portland, OR | $10,788,893 | $16,907,062 |
San Diego City Employees Retiree Medical Trust Spokane, WA | $249,053,704 | $31,450,538 |
Washington Life And Disability Guaranty Association Shelton, WA | $17,623,213 | $10,170,457 |
Roofers-49 Welfare Fund Portland, OR | $18,594,666 | $10,766,232 |
Washington Surveying & Rating Bureau Renton, WA | $7,711,093 | $10,036,683 |
Paradigm Indemnity Corporation Corvallis, OR | $60,433,945 | $10,885,201 |
Hagadone Employee Benefit Trust Coeur Dalene, ID | $293,742 | $6,679,723 |
Apartment Employees Welfare Fund Seattle, WA | $5,477,744 | $6,534,681 |