National Marine Manufacturers Association Inc
- Assets
- $24.9m
- Revenue
- $19.3m
- Investments
- $135.5k
- Employees
- 403
- Location
- Chicago, IL
- Founding
- 08/1982
- Data as of
- 09/2021
- EIN
- 36-2369301
Organization Overview
National Marine Manufacturers Association Inc is located in Chicago, IL. The organization was established in 1982. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, National Marine Manufacturers Association Inc employed 403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Marine Manufacturers Association Inc 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 09/2021, National Marine Manufacturers Association Inc generated $19.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $25.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Marine Manufacturers Association Inc has awarded 42 individual grants totaling $28,340,770. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, PROMOTE, AND PROTECT AN ENVIRONMENT WHERE MEMBERS CAN ACHIEVE FINANCIAL (SEE SCH O) SUCCESS THROUGH EXCELLENCE IN MANUFACTURING, IN SELLING, AND IN SERVICING THEIR CUSTOMERS IN THE BOATING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR AND PARTICIPATE IN NATIONAL, INTERNATIONAL, AND REGIONAL BOAT SHOWS IN ORDER TO PROMOTE THE USE OF BOATS AND THEIR RELATED PRODUCTS FOR RECREATIONAL INDUSTRIAL PURPOSES AND FACILITATE THE USE OF WATERWAYS.
PROVIDE TECHNICAL INFORMATION AND SERVICES THROUGH AN ENGINEERING DEPARTMENT IN ORDER TO ENCOURAGE COMPLIANCE WITH MANDATORY BOAT STANDARDS AND SAFETY.
PROMOTE BOATING AND RELATED PRODUCTS THROUGH PUBLIC AND GOVERNMENTAL REGULATIONS PROVIDING THE INDUSTRY WITH A VOICE IN LEGISLATION AND REGULATORY MATTERS.
CONDUCT SEMINARS AND CONFERENCES TO EDUCATE COMMUNITIES AND INDIVIDUALS AS WELL AS TO GENERATE INTEREST IN THE BOATING INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Hugelmeyer President | Officer | 40 | $623,661 |
Thomas Dammrich President Emeritus | Officer | 40 | $507,032 |
Carl Blackwell Sr. VP Marketing And Commu | Officer | 16 | $438,580 |
Craig Boskey Senior VP And CFO | Officer | 40 | $299,586 |
John Mcknight Senior Vp, Environmental H | Officer | 40 | $236,414 |
Jennifer Thompson Senior Vp, Boat And Sport | Officer | 40 | $235,824 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Of Miami Property & Asset Manageme License Fees | 9/29/21 | $1,022,770 |
Ad Strategies Inc Advertising Agency | 9/29/21 | $3,872,799 |
Dock & Marine Construction Corp Dock Transportation | 9/29/21 | $2,292,429 |
Eventstar Structures Corp Tent Structures | 9/29/21 | $1,911,485 |
Edd Helms Electrical Inc Electrical Services | 9/29/21 | $1,185,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $22,429,969 |
| Investment income | $185,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,274,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,298,889 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,000 |
| 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. | $3,974,354 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,012,905 |
| Pension plan accruals and contributions | $315,000 |
| Other employee benefits | $2,025,115 |
| Payroll taxes | $677,047 |
| Fees for services: Management | $1,114,954 |
| Fees for services: Legal | $279,279 |
| Fees for services: Accounting | $79,603 |
| Fees for services: Lobbying | $325,439 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,301 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,550,074 |
| Office expenses | $201,903 |
| Information technology | $935,861 |
| Royalties | $0 |
| Occupancy | $966,586 |
| Travel | $142,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,255 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,528,334 |
| Insurance | $274,733 |
| All other expenses | $63,715 |
| Total functional expenses | $25,597,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658 |
| Savings and temporary cash investments | $12,888,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,415,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $100,150 |
| Prepaid expenses and deferred charges | $787,108 |
| Net Land, buildings, and equipment | $559,776 |
| Investments—publicly traded securities | $8,613,678 |
| Investments—other securities | $135,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,073 |
| Total assets | $24,852,893 |
| Accounts payable and accrued expenses | $3,963,085 |
| Grants payable | $0 |
| Deferred revenue | $9,188,137 |
| 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 | $2,756,653 |
| Total liabilities | $15,907,875 |
| Net assets without donor restrictions | $8,945,018 |
| 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 | $24,852,893 |
Grants Awarded
Over the last fiscal year, National Marine Manufacturers Association Inc has awarded $335,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL FUNDING | $100,000 |
Baton Rouge, LA PURPOSE: GENERAL FUNDING | $100,000 |
Washington, DC PURPOSE: GENERAL FUNDING | $50,000 |
New Gretna, NJ PURPOSE: GENERAL FUNDING | $35,000 |
Alexandria, VA PURPOSE: GENERAL FUNDING | $25,000 |
Alexandria, VA PURPOSE: GENERAL FUNDING | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Marine Manufacturers Association Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
American Sportfishing Association Alexandria, VA PURPOSE: BOOSTING FISH PARTICIPATION BY BOAT OWNERS | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Athletic Louisville, KY | $287,292,046 | $98,698,845 |
National Marine Manufacturers Association Inc Chicago, IL | $24,852,893 | $19,298,889 |
National Thoroughbred Racing Lexington, KY | $16,910,608 | $10,577,962 |
American Camping Association Inc Martinsville, IN | $11,963,370 | $10,286,086 |
International Coach Federation Inc Lexington, KY | $18,635,968 | $11,387,975 |
Crandon International Off-Road Raceway Association Inc Crandon, WI | $1,048,368 | $3,340,258 |
National Association Of Sports Officials Inc Racine, WI | $1,356,401 | $2,334,833 |
American Volleyball Coaches Assn Lexington, KY | $2,919,842 | $2,493,075 |
American Camping Association Illinois Section Evanston, IL | $1,134,307 | $1,483,779 |
Indiana Section Of The Professional Golfers Association Of America Inc Indianapolis, IN | $1,336,237 | $1,065,938 |
Professional Golfers Association Of America Iowa Section Riverside, IA | $1,857,898 | $1,108,691 |
Clinton County Gaming Association Ltd Clinton, IA | $2,643,623 | $1,588,934 |