Nonprofit · EIN 20-1473560
MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP
Tax-exempt · MINNEAPOLIS, MN 55428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $21,986 | $8,228 | $13,758 | $113,349 | $6,400 | $106,949 |
| December 31, 2023 | 990-EZ | $1,110 | $16,622 | -$15,512 | $99,208 | $2,900 | $96,308 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,986
Expenses
- Grants and similar amounts paid
- $3,500
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,500
- Other expenses
- $1,228
- Program services (functional)
- $4,728
Balance sheet and other
- Total assets, start of year
- $99,208
- Total assets, end of year
- $113,349
- Total liabilities, end of year
- $6,400
- Net assets, end of year
- $106,949
- Cash, savings and investments
- $112,349
- Gross receipts
- $21,986
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT GRUHN | PRESIDENT/EXECUTIVE DIRECT | 1 | $0 |
| MATT LODDER | CHAIR | 1 | $0 |
| PATRICK GREEN | VICE CHAIR | 1 | $0 |
| JIM COBURN | SECRETARY/TREASURER | 1 | $0 |
| JIM PETERSON | BOARD MEMBER | 1 | $0 |
| JOHN RELYEA | BOARD MEMBER | 1 | $0 |
| CHAD TAYLOR | BOARD MEMBER | 1 | $0 |
| SUSAN DUQUETTE | BOARD MEMBER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT GRUHN | PRESIDENT/EXECUTIVE DIRECTOR | 1 | $0 |
| MATT LODDER | CHAIR | 1 | $0 |
| PATRICK GREEN | VICE CHAIR | 1 | $0 |
| JEFF SIEMS | IMMEDIATE PAST CHAIR | 1 | $0 |
| JIM COBURN | SECRETARY/TREASURER | 1 | $0 |
| JIM PETERSON | BOARD MEMBER | 1 | $0 |
| JOHN RELYEA | BOARD MEMBER | 1 | $0 |
| CHAD TAYLOR | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7225 NORTHLAND DR N STE 110, MINNEAPOLIS, MN 55428-1572
- In care of
- % INCORP SVCS INC
- Signed the 990-EZ
- MATT GRUHN, PRESIDENT
- Phone
- (763) 315-8043
- Return prepared by
- OLSEN THIELEN & CO LTD
Mission
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR EDUCATION, TRAINING, AND PROFESSIONAL DEVELOPMENT IN THE RECREATIONAL MARINE TRADES. MRAA EDUCATIONAL FOUNDATION IS DEDICATED TO THE GROWTH OF THE RECREATIONAL MARINE INDUSTRY THROUGH WORKFORCE DEVELOPMENT.
Program accomplishments
- THE MRAA EDUCATIONAL FOUNDATION EXISTS TO PROVIDE SCHOLARSHIPS FOR EDUCATIONAL PROGRAMS DEDICATED TO TEACHING RECREATIONAL MARINE INDUSTRY SKILLS. THE FOUNDATION PROVIDED SCHOLARSHIPS TO TWO INDIVIDUALS AND RECOGNIZED THE MARINE INDUSTRY WOMAN OF THE YEAR AT ITS ANNUAL AWARDS AND SCHOLARSHIP PRESENTATIONS.Expenses $4,728 · grants $3,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-1473560
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $113,349
- Income (IRS master file)
- $21,986
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $21,986 | $8,228 | $113,349 | XML |
| 990-EZ | December 2023 | $1,110 | $16,622 | $99,208 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1473560).
Questions about MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP
- What is the EIN of MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP?
- The employer identification number (EIN) of MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP is 20-1473560.
- Is MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP?
- The 990-EZ for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MARINE RETAILERS ASSOCIATION OF AMERICA EDUCATIONAL FOUNDATION NFP have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $21,986, expenses of $8,228 and total assets of $113,349 at year end.
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