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← SOUTHEASTERN NEW ENGLAND DEFENSE INDUSTRY ALLIANCE

Form 990 for tax year 2023

Filed by SOUTHEASTERN NEW ENGLAND DEFENSE INDUSTRY ALLIANCE.

Totals

Total revenue
$20,065,496
Total expenses
$19,917,141
Contributions and grants received
$0
Grants paid
$6,000
Program service revenue
$20,054,209
Investment income
$11,287
Other revenue
$0
Total assets, end of year
$2,807,755
Total liabilities, end of year
$2,079,829
Net assets or fund balances, end of year
$727,926
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Industry OTA

    total $19,383,501 · related or exempt $19,383,501

  • 2b · Program service revenue: Real Jobs Rhode Island

    total $186,495 · related or exempt $186,495

  • 2c · Program service revenue: Special Program Events

    total $391,820 · related or exempt $391,820

  • 2d · Program service revenue: Membership

    total $90,793 · related or exempt $90,793

  • 2f · All other program service revenue

    total $1,600 · related or exempt $1,600

  • 3 · Investment income

    total $11,287 · excluded $11,287

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,000

  • 5 · Compensation of officers, directors and key employees

    total $80,896

  • 7 · Other salaries and wages

    total $277,655

  • 8 · Pension plan contributions

    total $6,088

  • 10 · Payroll taxes

    total $30,605

  • 11c · Fees: accounting

    total $7,300

  • 11g · Fees: other

    total $19,261,791

  • 12 · Advertising and promotion

    total $3,627

  • 13 · Office expenses

    total $21,863

  • 14 · Information technology

    total $53,335

  • 16 · Occupancy

    total $28,935

  • 19 · Conferences, conventions and meetings

    total $131,139

  • 23 · Insurance

    total $2,375

  • 24a · Other expenses: Sponsorship

    total $5,400 · program services $5,400

  • 24b · Other expenses: Taxes and licenses

    total $32 · program services $32

  • 24c · Other expenses: Charitable contribution

    total $100 · program services $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $373,365 · end of year $420,940

  • 2 · Savings and temporary cash investments

    beginning of year $179,317 · end of year $247,075

  • 3 · Pledges and grants receivable

    beginning of year $1,489,363 · end of year $30,325

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,270 · end of year $1,327

  • 15 · Other assets

    beginning of year $53,563 · end of year $2,108,088

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,444,381 · end of year $2,011,406

  • 19 · Deferred revenue

    beginning of year $29,563 · end of year $34,270

  • 25 · Other liabilities

    beginning of year $48,563 · end of year $34,153

  • 27 · Net assets without donor restrictions

    beginning of year $544,808 · end of year $693,656

  • 28 · Net assets with donor restrictions

    beginning of year $29,563 · end of year $34,270

Mission and programs · 2023

Mission

To enable the development of critical technologies, foster thought leadership, and facilitate workforce development.

  • Cornerstone Other Transactions Authority (OTA) Provides program management support to regional workforce development efforts focused on trade and industrial skilled current and future workers in support of the submarine shipbuilding supply chain.

  • Real Jobs RI Provides program management support for workforce development efforts in support of the Defense sector internship program focused on engineering, science, IT/cyber, supply chain and business management, and veterans. The program helps develop the pipeline of current and future defense sector workers for the Defense sector.

  • Conferences and Industry Partnership- On behalf of our member companies and the Southeastern NE defense industry at large, we identify, champion and coordinate issues that contribute to the National security and provide benefit to the defense sector. Membership, education, development, and outreach efforts are provided including incumbent and future workforce development.

  • Member Support - membership events which include networking and technical information events on topics such as cybersecurity, unmanned technology, and new technologies. A social media program is in place to share relevant information in a timely manner with members.

As filed on the 2023 return.

Listed in Part VII

  • Molly Donohue Magee

    Executive Director

    Total calculated
    $80,796
    From this org
    $78,443
    From related orgs
    $0
    Other
    $2,353
    Hours/week
    20

  • Jaime Degala

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Beretta

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donald McCormack

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Ferraro

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dennis McLaughlin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Pazera

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Adams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Gaynor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stan Kordana

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ted Curley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Goetz-Partridge

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deborah Proffitt

    Vice Chair Strategic Planning

    Total calculated
    $0
    Hours/week
    2

  • Kelly Mendell

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Timothy DelGiudice

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Joe Donovan

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Colin McClennan

    Vice Chair Membership

    Total calculated
    $0
    Hours/week
    2

  • Edward Lopes

    Vice Chair Infastructure

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 June 2024
IRS schema version
2023v5.1
Source object
202411979349300746

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