Norwalk Seaport Association Inc
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Norwalk, CT
- Founding
- 03/1980
- Data as of
- 12/2022
- EIN
- 06-0986800
Organization Overview
Norwalk Seaport Association Inc is located in Norwalk, CT. The organization was established in 1980. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Norwalk Seaport Association Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwalk Seaport Association Inc 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 12/2022, Norwalk Seaport Association Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $477.9k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE NORWALK SEAPORT ASSOCIATION IS TO FOSTER PUBLIC AWARENESS OF OUR MARINE ENVIRONMENT AND MARITIME HERITAGE THROUGH EDUCATION AND PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHEFFIELD ISLAND LIGHTHOUSE AND ADJACENT KEEPER'S COTTAGE ARE LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES. THE ASSOCIATION OWNS AND MAINTAINS THE LIGHTHOUSE AND COTTAGE AS A HISTORICAL AND EDUCATIONAL TOURIST ATTRACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Toni Business Manger | Officer | 40 | $85,800 |
Richard Mcquaid Vice President | OfficerTrustee | 10 | $0 |
Gerald Rabin Treasurer | OfficerTrustee | 10 | $0 |
Maureen Bonenfant Secretary | OfficerTrustee | 10 | $0 |
Mike Reilly President | OfficerTrustee | 10 | $0 |
Linda Cappello Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $992,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $994,361 |
| Total Program Service Revenue | $265,931 |
| Investment income | $333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,319,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,800 |
| Compensation of current officers, directors, key employees. | $85,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,755 |
| Payroll taxes | $14,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,398 |
| Advertising and promotion | $15,978 |
| Office expenses | $92,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,989 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,433 |
| Insurance | $38,000 |
| All other expenses | $0 |
| Total functional expenses | $477,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $843,180 |
| Accounts receivable, net | $2,940 |
| 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 | $24,200 |
| Net Land, buildings, and equipment | $631,700 |
| Investments—publicly traded securities | $6,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,336,122 |
| Accounts payable and accrued expenses | $6,135 |
| 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 | $6,135 |
| Net assets without donor restrictions | $2,311,819 |
| Net assets with donor restrictions | $18,168 |
| 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 | $2,336,122 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Norwalk Seaport Association Inc has recieved totaling $6,089.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,584 |
Maurice Goodman Foundation Inc Tr Tax 1a-4-078 Norwalk, CT PURPOSE: CHARITABLE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |