Mettatuxet Improvement Association
- Assets
- $69.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Narragansett, RI
- Founding
- 02/2017
- Data as of
- 12/2023
- 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 12/2023, Mettatuxet Improvement Association generated $128.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $119.4k during the year ending 12/2023. While expenses have increased by 0.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Colombo President | 10 | $0 | |
Jerry Bonner Vice President | 10 | $0 | |
Kaitlyn Hagan Treasurer | 10 | $0 | |
Alyssa Bonner Secretary | 10 | $0 | |
Sandra Flossi Director | 5 | $0 | |
Joseph Vingi Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $28,628 |
| Membership dues | $71,542 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $128,218 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,570 |
| Professional fees and other payments to independent contractors | $8,885 |
| Occupancy, rent, utilities, and maintenance | $45,582 |
| Printing, publications, postage, and shipping | $562 |
| Other expenses | $45,809 |
| Total expenses | $119,408 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,331 |
| Other assets | $0 |
| Total assets | $69,657 |
| Total liabilities | $49,070 |
| Net assets or fund balances | $20,587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Np Bangerter Crossing Llc Boston, MA | $24,857,444 | $2,105,955 |
Masspace Inc Boston, MA | $90,131 | $352,997 |
Hope Street Merchants Association Providence, RI | $23,319 | $0 |
Mettatuxet Improvement Association Narragansett, RI | $69,657 | $0 |
The Great Hill Hose Company Incorporated Seymour, CT | $350,920 | $0 |
Mhch Foundation Tr Boston, MA | $539,177 | $57 |
The Masonic Building Corporation Preston, CT | $37,709 | $0 |
Chatham Harwich Newcomers Club Corporation Harwich, MA | $42,789 | $0 |
Warwick Firefighters Relief Association Welfare Benefit Plan Warwick, RI | $484,731 | $33,506 |