Maine Marine Trade Assn
- Assets
- $99.5k
- Revenue
- $546.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Rockland, ME
- Founding
- 06/1991
- Data as of
- 09/2020
- EIN
- 01-0288275
Organization Overview
Maine Marine Trade Assn is located in Rockland, ME. The organization was established in 1991. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Maine Marine Trade Assn 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 09/2020, Maine Marine Trade Assn generated $546.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $553.1k during the year ending 09/2020. While expenses have increased by 14.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO ACHIEVE THROUGH THE JOINT EFFORT OF MEMBERSHIP THE FOLLOWING:A. PROMOTE THE GROWTH OF ALL PHASES OF THE MARINE INDUSTRY IN MAINEB. PROMOTE MUTUAL CONFIDENCE AND COOPERATION AMONG PERSONS ENGAGED IN THE MARINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCED: ANNUAL CONFERENCE & BUSINESS MEETING OSHA 10 HOUR TRAININGS 2 ABYC FAST TRAC CERTIFICATION CLASSES HYDRAULIC TRAILER TRAINING HYDRAULIC SYSTEMS TRAINING WATERFRONT FIRST AID CERTIFICATION CLASS NEW WEBSITE FOR MMTA PREPARED PRODUCTION OF THE MAINE BOAT SHOWREPRESENTED THE INDUSTRY AS PART OF: MAINE OCEAN SCHOOL WORKFORCE AND COMMUNITY DEVELOPMENT COMMITTEE NEW ENGLAND MARINE TRADES ASSOCIATIONPARTICIPATED IN: GOVERNORS ECONOMIC DEVELOPMENT SUMMITPROVIDED ONGOING ADMINISTRATION OF: MAINE CLEAN MARINE ENGINES PROGRAM WITH MAINE DEPMONITORED: KEY LEGISLATIVE AND REGULATORY ISSUES AT THE STATE AND FEDERAL LEVELS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Keefer Executive Director | Officer | 0 | $45,225 |
Jill Jacobs President | OfficerTrustee | 4 | $0 |
Leon Maccorkle Vice President | OfficerTrustee | 4 | $0 |
Robert Armstrong Director | Trustee | 2 | $0 |
Ben Ford Secretary | OfficerTrustee | 4 | $0 |
Paul Belesca Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,546 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,316 |
| Payroll taxes | $3,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $114 |
| Office expenses | $382 |
| Information technology | $4,066 |
| Royalties | $0 |
| Occupancy | $3,760 |
| Travel | $556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60 |
| Insurance | $1,402 |
| All other expenses | $0 |
| Total functional expenses | $553,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,172 |
| Savings and temporary cash investments | $91,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,539 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $99,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Maine State Chamber Of Commerce Augusta, ME | $923,733 | $2,213,591 |
Dartmouth Regional Technology Center Inc Lebanon, NH | $5,511,627 | $2,160,751 |
New England Apple Council Inc Goffstown, NH | $795,628 | $1,773,754 |
Maine Oil Dealers Association Brunswick, ME | $1,645,866 | $1,757,717 |
University Of Maine Pulp And Paper Foundation Orono, ME | $31,514,138 | $1,541,694 |
Pope Memorial Spca Of Concord Merrimack County Concord, NH | $5,304,139 | $1,435,100 |
New Hampshire Bankers Association Concord, NH | $1,878,135 | $1,082,708 |
Associated Builders And Contractors Inc Concord, NH | $1,404,762 | $1,170,910 |
Maine Automobile Dealers Association Inc Augusta, ME | $2,325,139 | $1,081,224 |