NAVAL AND MARITIME CONSORTIUM INC Charity Report

Tax-exempt status may be revoked

NAVAL AND MARITIME CONSORTIUM INC

EIN 84-4451394 · Chambers of Commerce & Business Leagues (S41)

What they do

to CARRY OUT THE MISSION of THE CONSORTIUM - WHICH is for MEMBERSHIP to COLLECTIVELY ADDRESS CHALLENGES, SHARE SOLUTIONS, COLLABORATE ON OPPORTUNITIES and CAPITALIZE ON THE GROWING NATIONAL UNDERSEA, MARITIME and OFFSHORE WIND SUPPLY CHAINS.

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This record may have an IRS status problem. Do not give until you verify it.

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Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.35%of revenue went to mission work100.0% of expenses · Program services

$71.35spent for every $100 of revenueRevenue covered expenses this year.

$0.40in assets for every $1 spent this yearSome assets cannot be spent right away.

90.7%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$153,255

Mission workProgram services$109,34071.35% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$43,91528.65% of revenueShown in gray on the chart

Total expenses$109,34071.35% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$153,255

Expenses$109,340

Annual surplus $43,915 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$109,340 · 100.0% of expenses

See all reported dollar amounts

Revenue$153,255

Expenses$109,340

Assets$43,915

Contributions$139,000

Mission work (program services)$109,340

People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (11)

ALEXANDRA HALVORDSONDIRECTOR

ANDREW GIBSONTREASURER

BOB CHENALCHAIR

J DAVID SCHILLDIRECTOR

JOHN EVANSDIRECTOR

KAREN DELVECCHIOSECRETARY

KEVIN ZYDADLODIRECTOR

MILTON STRETTONDIRECTOR

PETER LEGNOSDIRECTOR

RICHARD J HINEDIRECTOR

WALKER POTTSEXECUTIVE DI

About this charity

Recognized since: June 2022
Location: 1084 SHENNECOSSETT RD - CPB 306, GROTON, CT 06340
County: New London
In care of: WALKER POTTS
Primary officer: WALKER POTTS, EXECUTIVE DIRECTOR

How to reach them

Phone(860) 536-9831

Filing and classification

Latest tax year: 2020
Tax period began: February 1, 2020
Return type: 990EZ
Tax preparer: GARVEY STEELE & BANCROFT LLP
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues
Revocation date: May 15, 2025