Mettatuxet Improvement Association
- Assets
- $73.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Narragansett, RI
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 05-0420565
Organization Overview
Mettatuxet Improvement Association is located in Narragansett, RI. The organization was established in 2017. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mettatuxet Improvement Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Mettatuxet Improvement Association generated $95.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $88.3k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
METTATUXET IMPROVEMENT ASSOCIATION OWNS, MAINTAINS AND OPERATES A 66 BOAT SLIP MARINA, CLUB HOUSE AND BANQUET HALL FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Colombo President | 10 | $0 | |
Jerry Bonner Vice President | 10 | $0 | |
Karen Hagan Treasurer | 10 | $0 | |
Sandy Flosi Secretary | 10 | $0 | |
Michel Casey Director | 5 | $0 | |
Nicole Colombo Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,907 |
| Total Program Service Revenue | $10,745 |
| Membership dues | $65,777 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,229 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,070 |
| Professional fees and other payments to independent contractors | $3,933 |
| Occupancy, rent, utilities, and maintenance | $37,525 |
| Printing, publications, postage, and shipping | $269 |
| Other expenses | $35,550 |
| Total expenses | $88,347 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,900 |
| Other assets | $0 |
| Total assets | $73,298 |
| Total liabilities | $62,865 |
| Net assets or fund balances | $10,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Np Bangerter Crossing Llc Boston, MA | $37,424,620 | $1,679,593 |
Masspace Inc Boston, MA | $110,174 | $302,118 |
Mettatuxet Improvement Association Narragansett, RI | $73,298 | $0 |
Mhch Foundation Tr Boston, MA | $640,827 | $35,066 |
The Great Hill Hose Company Incorporated Seymour, CT | $313,315 | $0 |
Chatham Harwich Newcomers Club Corporation Harwich, MA | $16,054 | $0 |
The Masonic Building Corporation Preston, CT | $39,616 | $0 |
Warwick Firefighters Relief Association Welfare Benefit Plan Warwick, RI | $566,418 | $96,490 |