Rhode Island Saltwater Anglers Association
- Assets
- $430.2k
- Revenue
- $114.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Tiverton, RI
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 05-0497421
Organization Overview
Rhode Island Saltwater Anglers Association is located in Tiverton, RI. The organization was established in 2003. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Rhode Island Saltwater Anglers Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Saltwater Anglers Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Rhode Island Saltwater Anglers Association generated $114.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $179.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR RECREATIONAL SALTWATER ANGLERS AND TO PROVIDE EDUCATION IN VARIOUS FISHING TECHIQUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO MEMBERS CONCERNING FISHING TECHNIQUES, IMPROVED CATCHES, AND OVERALL ENJOYMENT OF FISHING; TO FOSTER SPORTSMANSHIP; TO SUPPORT MARINE CONSERVATION AND SOUND MANAGEMENT OF FISHERIES RESOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Medeiros President | OfficerTrustee | 3 | $0 |
Peter O'biso Treasurer | OfficerTrustee | 25 | $14,588 |
Greg Vespe Executive Director | OfficerTrustee | 60 | $9,750 |
Susan Lema Secretary | OfficerTrustee | 3 | $0 |
Richard Hittinger 1st Vice President | OfficerTrustee | 3 | $0 |
David Michel Sergeant At Arms | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,033 |
| 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 | $45,033 |
| Total Program Service Revenue | $44,775 |
| Investment income | $12,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,257 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $108 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,883 |
| 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. | $71,288 |
| Compensation of current officers, directors, key employees. | $71,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,030 |
| Office expenses | $6,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $79,027 |
| Total functional expenses | $179,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,118 |
| Savings and temporary cash investments | $62,149 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $366,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,207 |
| 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 | $430,207 |
| 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 | $430,207 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rhode Island Saltwater Anglers Association has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Michel Foundation Deerfield, IL PURPOSE: TO SUPPORT MARINE CONVERSATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Third Sector Capital Partners Inc Boston, MA | $27,345,891 | $27,551,770 |
Build Commonwealth Inc Boston, MA | $4,562,136 | $1,917,151 |
Boston Public Market Boston, MA | $10,519,355 | $1,304,589 |
Catholic Investment Services Inc Boston, MA | $1,253,675 | $2,110,461 |
Worcester Community Housing Resources Inc Worcester, MA | $25,013,732 | $2,233,936 |
Ocean State Business Development Authority Inc Warwick, RI | $521,138 | $1,243,867 |
Coalition For Social Justice Education Fund Inc New Bedford, MA | $653,415 | $1,123,859 |
Support The Soupman Corp Bridgewater, MA | $218,317 | $496,171 |
Foundation For Agnosticism And Meritocracy Inc Woburn, MA | $28,436 | $0 |
Rhode Island Saltwater Anglers Association Tiverton, RI | $430,207 | $114,883 |
Confetti Foundation Middletown, RI | $143,613 | $0 |
Authentic Caribbean Foundation Boston, MA | $37,023 | $0 |