Form 990 for tax year 2023
Filed by MARINE RETAILERS ASSOCIATION OF AMERICA.
Totals
- Total revenue
- $4,604,947
- Total expenses
- $4,198,930
- Contributions and grants received
- $27,005
- Grants paid
- $0
- Program service revenue
- $4,376,906
- Investment income
- $63,602
- Other revenue
- $137,434
- Total assets, end of year
- $2,306,373
- Total liabilities, end of year
- $329,361
- Net assets or fund balances, end of year
- $1,977,012
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$27,005
-
2a · Program service revenue: PARTNERSHIPS
total $1,809,400 · related or exempt $1,809,400
-
2b · Program service revenue: MEMBERSHIP DUES & ASSE
total $852,935 · related or exempt $852,935
-
2c · Program service revenue: ANNUAL CONVENTION
total $617,399 · related or exempt $617,399
-
2d · Program service revenue: DISCOVER BOATING
total $472,847 · related or exempt $472,847
-
2e · Program service revenue: CERTIFICATION
total $377,172 · related or exempt $377,172
-
2f · All other program service revenue
total $247,153 · related or exempt $247,153
-
3 · Investment income
total $64,814 · excluded $64,814
-
7a · Gross sales of assets other than inventory
securities $700,000
-
7b · Less cost or other basis and sales expenses
securities $699,665 · other assets $1,547
-
7c · Gain or loss
securities $335 · other assets -$1,547
-
7d · Net gain or loss
total -$1,212 · excluded -$1,212
-
11a · Other revenue: MISCELLANEOUS
total $137,434 · related or exempt $137,434
-
11e · Other revenue, total
$137,434
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $218,803
-
7 · Other salaries and wages
total $1,715,154
-
8 · Pension plan contributions
total $25,240
-
9 · Other employee benefits
total $55,958
-
10 · Payroll taxes
total $136,958
-
11b · Fees: legal
total $9,158
-
11c · Fees: accounting
total $66,366
-
11g · Fees: other
total $52,782
-
12 · Advertising and promotion
total $71,903
-
13 · Office expenses
total $27,428
-
14 · Information technology
total $12,041
-
16 · Occupancy
total $64,920
-
17 · Travel
total $167,291
-
19 · Conferences, conventions and meetings
total $882,284
-
22 · Depreciation, depletion and amortization
total $10,049
-
23 · Insurance
total $11,929
-
24a · Other expenses: CONTRACT SERVICES
total $290,278
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $137,477
-
24c · Other expenses: BAD DEBTS
total $67,552
-
24d · Other expenses: BANK CHARGES
total $67,177
-
24e · All other expenses
total $108,182
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $473,122 · end of year $162,125
-
2 · Savings and temporary cash investments
beginning of year $400,200 · end of year $100,634
-
4 · Accounts receivable
beginning of year $166,985 · end of year $174,911
-
9 · Prepaid expenses and deferred charges
beginning of year $85,306 · end of year $62,501
-
10a · Land, buildings and equipment: cost or other basis
$86,904
-
10b · Land, buildings and equipment: accumulated depreciation
$52,261
-
10c · Land, buildings and equipment, net
beginning of year $29,317 · end of year $34,643
-
11 · Investments: publicly traded securities
beginning of year $799,058 · end of year $1,715,978
-
14 · Intangible assets
beginning of year $101,544 · end of year $55,581
-
17 · Accounts payable and accrued expenses
beginning of year $284,398 · end of year $189,654
-
19 · Deferred revenue
beginning of year $100,025 · end of year $82,521
-
25 · Other liabilities
beginning of year $103,560 · end of year $57,186
-
27 · Net assets without donor restrictions
beginning of year $1,567,549 · end of year $1,977,012
Mission and programs · 2023
Mission
TRADE ASSOCIATION FOR MARINE RETAILERS. THE PURPOSE OF THE ORGANIZATION IS TO RENDER EDUCATIONAL, DEVELOPMENTAL, LEGISLATIVE, REGULATORY AND PROMOTIONAL SERVICES FOR THE BENEFIT OF ITS MEMBERS.
-
WE HAVE A GOVERNMENT RELATIONS FUNCTION TO KEEP MEMBERS INFORMED OF CURRENT LEGISLATION AND REGULATIONS AFFECTING THE MARINE INDUSTRY AND TO LOBBY IN AN EFFORT TO FURTHER THE INTEREST OF OUR MEMBERS. WE DISTRIBUTE WEEKLY NEWSLETTERS TO MEMBERS AND NONMEMBERS TO KEEPTHEM ABREAST OF INDUSTRY TRENDS AND NEWS, ASSOCIATION NEWS AND UPDATES, LEGISLATIVE INSIGHTS, OUR BENEFITS, AND OTHER VALUABLE INFORMATION RELATED TO CURRENT INDUSTRY NEEDS. WE PROVIDE TRADE SHOWS AND A CONVENTION THAT PROVIDES EDUCATIONAL PROGRAMS RELATING TO THE INDUSTRY.
As filed on the 2023 return.
Listed in Part VII
-
Jeff StrongJEFF STRONG
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Joe LewisJOE LEWIS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Rob SoucyROB SOUCY
IMMEDIATE PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Craig BrosenneCRAIG BROSENNE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Craig LeblancCRAIG LEBLANC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob PetzoldBOB PETZOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bryan BucklandBRYAN BUCKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stacy GreenwoodSTACY GREENWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul BerubePAUL BERUBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chad TaylorCHAD TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason ShallcrossJASON SHALLCROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff SiemsJEFF SIEMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brandon SharpeBRANDON SHARPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob BenseBOB BENSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carly PooleCARLY POOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan DuquetteSUSAN DUQUETTE
DIRECTOR AT LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Matt GruhnMATT GRUHN
PRESIDENT
- Total calculated
- $218,803
- From this org
- $214,130
- From related orgs
- $0
- Other
- $4,673
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,130
- Bonus
- $0
- Other
- $0
- Deferred
- $4,673
- Nontaxable benefits
- $0
- Filer's total
- $218,803
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION
501(C)(3) · THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FINANCIAL SUPPORT · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349304641
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