Maine Motor Transport Association Inc
- Assets
- $8.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Augusta, ME
- Founding
- 09/1979
- Data as of
- 06/2022
- EIN
- 01-0361328
Organization Overview
Maine Motor Transport Association Inc is located in Augusta, ME. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Maine Motor Transport Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Motor Transport Association Inc 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 06/2022, Maine Motor Transport Association Inc generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE MOTOR TRANSPORTATION INDUSTRY IN THE STATE OF MAINE AND ELSEWHERE, AND TO PROMOTE THE WELFARE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - PROVISION OF GROUP TURNPIKE BILLING FOR MEMBER CONVENIENCE. DRUG TESTING TO PROMOTE INDUSTRY SAFETY.
CONVENTIONS & MEETINGS - SEMINARS TO EDUCATE MEMBERS ABOUT INDUSTRY AFFAIRS. DRIVING COMPETITION TO PROMOTE SAFETY.
PUBLICATIONS - E-NEWSLETTER AND MAGAZINE TO PROVIDE MEMBERS WITH INDUSTRY INFORMATION AND CURRENT DEVELOPMENTS.
INDUSTRY AFFAIRS - MOBILE TRAINING UNIT TO PROMOTE INDUSTRY. GENERAL INDUSTRY PROMOTION AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Parke President | Officer | 60 | $210,160 |
Timothy Doyle Vice Preside | 50 | $160,160 | |
Alan Reed Chairman | OfficerTrustee | 2 | $0 |
Duane Graves Treasurer | OfficerTrustee | 2 | $0 |
Jeff Bouchard Vice Chairma | OfficerTrustee | 2 | $0 |
Shawn Moore Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,858,326 |
| Investment income | $106,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $400,240 |
| Net Rental Income | $40,715 |
| Net Gain/Loss on Asset Sales | $21,424 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,668,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $210,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,082 |
| Pension plan accruals and contributions | $17,669 |
| Other employee benefits | $65,388 |
| Payroll taxes | $40,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,456 |
| Travel | $1,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,379 |
| Interest | $98 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,869 |
| Insurance | $13,690 |
| All other expenses | -$23,357 |
| Total functional expenses | $5,527,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125 |
| Savings and temporary cash investments | $455,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $658,069 |
| 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 | $21,632 |
| Net Land, buildings, and equipment | $577,832 |
| Investments—publicly traded securities | $6,960,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,884 |
| Total assets | $8,785,601 |
| Accounts payable and accrued expenses | $726,605 |
| Grants payable | $0 |
| Deferred revenue | $367,662 |
| 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 | $1,094,267 |
| Net assets without donor restrictions | $7,691,334 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,785,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Motor Transport Association Inc Augusta, ME | $8,785,601 | $5,668,651 |
Northeastern Lumber Mfrs Assoc Cumberland Center, ME | $1,382,567 | $2,317,379 |
New Hampshire Association Of Realtors Concord, NH | $4,491,328 | $2,021,289 |
Maine Peoples Alliance Portland, ME | $2,675,665 | $1,912,467 |
Portland Regional Chamber Portland, ME | $1,319,394 | $1,407,304 |
Maine Association Of Realtors Augusta, ME | $5,135,583 | $1,535,466 |
Waterville Valley Resort Association Inc Watervl Vly, NH | $405,665 | $871,090 |
Maine Dairy Promotion Board Augusta, ME | $343,200 | $574,167 |
New Hampshire Home Builders Association Concord, NH | $278,319 | $157,009 |
Granite State Dairy Promotion Inc Tilton, NH | $314,188 | $312,910 |
Maine People Before Politics Augusta, ME | $71,982 | $201,065 |
Maine Beer & Wine Wholesalers Assoc Inc Augusta, ME | $32,380 | $181,674 |