Connecticut Maritime Association
- Assets
- $354.5k
- Revenue
- $255.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 22-2655500
Organization Overview
Connecticut Maritime Association is located in Stamford, CT. The organization was established in 1986. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Maritime Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Connecticut Maritime Association generated $255.3k 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 (22.2%) each year. All expenses for the organization totaled $266.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER SOCIAL AND EDUCATIONAL INTERACTION AMONG THOSE INDIVIDUALS WORKING IN THE MARITIME INDUSTRY AND/OR INTERNATIONAL TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL TRADE SHOW IS HELD TO PROVIDE INFORMATION TO MEMBERS AND OTHER INTERESTED INDIVIDUALS ABOUT THE CONNECTICUT MARITIME INDUSTRY.
PUBLICATION OF A NEWSLETTER TO INFORM MEMBERS ON ISSUES AND OTHER ITEMS AFFECTING THE CONNECTICUT MARITIME INDUSTRY.
MEMBERSHIP PROGRAMS AND EVENTS - THE AGENCY CONDUCTS THE FOLLOWING EVENTS AS PART OF ITS MEMBERSHIP PROGRAMS: GOLF OUTING, LUNCHEONS, SOFTBALL, PICNIC, TENNIS TOURNAMENT, HOLIDAY PARTY AND GENERAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Feltch Treasurer | OfficerTrustee | 5 | $0 |
Antonia Lycouris Secretary | OfficerTrustee | 5 | $0 |
Joseph Gaudiano Board Member | Trustee | 5 | $0 |
Paul Mazzarulli Board Member | Trustee | 5 | $0 |
Sandi Ennor President | OfficerTrustee | 5 | $0 |
Patrick Bahr Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,785 |
| 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 | $74,785 |
| Total Program Service Revenue | $180,330 |
| Investment income | $153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,268 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,611 |
| 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 | $4,244 |
| All other expenses | $36,303 |
| Total functional expenses | $266,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,754 |
| Savings and temporary cash investments | $163,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,033 |
| 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 | $2,872 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $354,480 |
| Accounts payable and accrued expenses | $27,649 |
| Grants payable | $0 |
| Deferred revenue | $33,779 |
| 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 | $61,428 |
| Net assets without donor restrictions | $293,052 |
| 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 | $354,480 |
Grants Awarded
Over the last fiscal year, Connecticut Maritime Association has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CMA EDUCATION FOUNDATION INC PURPOSE: TO FUND THE MISSION OF CMA EDUCATION FOUNDATION, INC. TO PROVIDE FINANCIAL ASSISTANCE TO HELP FURTHER MARITIME RELATED EDUCATION OF STUDENTS OF ALL AGES. | $50,000 |
COAST GUARD MUTUAL ASSISTANCE FUND PURPOSE: PROVIDE FINANCIAL ASSISTANCE AS NEEDED TO FAMILIES IN THE COAST GUARD COMMUNITY. | $20,000 |