Marine Retailers Association Of America Educational Foundation Nfp
- Assets
- $111.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1473560
Organization Overview
Marine Retailers Association Of America Educational Foundation Nfp is located in Minneapolis, MN. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Retailers Association Of America Educational Foundation Nfp 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, Marine Retailers Association Of America Educational Foundation Nfp generated $84.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $125.0k during the year ending 12/2022. While expenses have increased by 28.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDES TECHNICAL SCHOLARSHIPS FOR STUDENTS TRAINING IN THE TECHNICAL AREA OF THE RECREATIONAL MARINE INDUSTRY. THE FUNDS WILL BE USED FOR FUTURE MARINE INDUSTRY EUCATION. THE KEVIN LODDER SCHOLARHIP RECEIPIENTS ATTEND THE SPADER BUSINESS MANAGEMENT 1 WORKSHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Siems President | 1 | $0 | |
Matt Lodder Baord Member | 1 | $0 | |
Stacy Greenwood Board Member | 1 | $0 | |
Patrick Green Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,208 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$10,596 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $250 |
| Total Revenue | $84,862 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,241 |
| Professional fees and other payments to independent contractors | $34,697 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $296 |
| Other expenses | $14,063 |
| Total expenses | $124,969 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,894 |
| Other assets | $0 |
| Total assets | $111,894 |
| Total liabilities | $75 |
| Net assets or fund balances | $111,819 |