Managers Of Boston Port And Seamens Aid Society
- Assets
- $17.6m
- Revenue
- $1.3m
- Investments
- $12.5m
- Employees
- 0
- Location
- Salem, MA
- Founding
- 07/1973
- Data as of
- 12/2019
- EIN
- 04-2104688
Organization Overview
Managers Of Boston Port And Seamens Aid Society is located in Salem, MA. The organization was established in 1973. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Managers Of Boston Port And Seamens Aid Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Managers Of Boston Port And Seamens Aid Society generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Managers Of Boston Port And Seamens Aid Society has awarded 32 individual grants totaling $529,725. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Sorrentino Executve Director | 0 | $127,631 | |
Martha R Bagley Treasurer/secretary | 0 | $18,750 | |
Nancy J Caruso Trustee | 0 | $0 | |
Bradley K Lima Trustee | 0 | $0 | |
George B Watts Jr Trustee | 0 | $0 | |
Maria Mccormack Assistant Treasurer/secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of Martha Bagley | 12/30/19 | $72,000 |
Law Offices Of Martha Bagley | 12/30/19 | $0 |
Bny Mellon Financial Center | 12/30/19 | $70,817 |
Bny Mellon Financial Center | 12/30/19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $380,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $338,991 |
| Capital Gain Net Income | $338,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $573,536 |
| Total Revenue | $1,327,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,381 |
| Other employee salaries and wages | $434,736 |
| Pension plans, employee benefits | $3,791 |
| Interest | $0 |
| Taxes | $13,932 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $347,026 |
| Total operating and administrative expenses | $1,028,683 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $1,138,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,004 |
| Savings and temporary cash investments | $283,033 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,705,226 |
| Other assets | $0 |
| Total assets | $17,586,771 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,042 |
| Total liabilities | $3,042 |
Grants Awarded
Over the last fiscal year, Managers Of Boston Port And Seamens Aid Society has awarded $110,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS MARITIME AC PURPOSE: GENERAL | $30,000 |
FISHING PARTNERSHIP HEALT PURPOSE: GENERAL | $20,000 |
MAINE MARITIME ACADEMY PURPOSE: GENERAL | $20,000 |
Boston, MA PURPOSE: GENERAL | $15,000 |
BOSTON SEAMEN'S FRIEND SO PURPOSE: GENERAL | $15,000 |
SHAW'S FUND FOR MAIRNERS' CHILDREN PURPOSE: GENERAL | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Managers Of Boston Port And Seamens Aid Society has recieved totaling $45,547.
| Awarding Organization | Amount |
|---|---|
Trust Uw Elisha V Ashton C/O Choate Hall & Stewart Boston, MA PURPOSE: GENERAL | $45,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harc Inc Hartford, CT | $9,020,938 | $21,432,465 |
Community Action Programs Inter-City Inc Chelsea, MA | $5,352,397 | $12,740,283 |
North Shore Community Action Programs Inc Peabody, MA | $2,572,434 | $10,364,701 |
Bridgeport Rescue Mission Inc Bridgeport, CT | $13,115,904 | $7,507,161 |
Community Action Agency Of Somerville Inc Somerville, MA | $3,713,517 | $6,600,399 |
Family Center Inc Brooklyn, NY | $5,076,025 | $6,630,119 |
Child Health And Development Institute Of Connecticut Inc Farmington, CT | $14,669,719 | $19,966,539 |
Marys Meadow At Providence Place Inc Holyoke, MA | $7,290,034 | $5,907,065 |
Nashua Center Nashua, NH | $2,054,563 | $6,528,352 |
Community Action Program For Madison County Inc Morrisville, NY | $2,954,895 | $4,819,285 |
American Corporate Partners New York, NY | $9,248,208 | $6,198,246 |
Womens Lunch Place Inc Boston, MA | $7,446,341 | $6,100,392 |