Overview
What is Michigan Boating Industries Association?
The Michigan Boating Industries Association (MBIA) is a nonprofit organization situated in Commerce Township, Michigan. With a team of six dedicated individuals, MBIA's primary purpose is to advocate for and advance the boating industry within the state. They achieve this through educational initiatives and promotional events, such as three annual boat shows in Detroit, Novi, and Metro Detroit. These shows, attended by a combined 299 exhibiting firms, serve as buying opportunities for consumers and a service to MBIA members. Moreover, MBIA aims to raise awareness of the numerous recreational boating opportunities offered by Michigan's 11,000 inland lakes, Great Lakes, and rivers and streams, thereby encouraging the local community to embrace boating as a leisure activity.
Official website here: www.mbia.org
Is Michigan Boating Industries Association legitimate?
Michigan Boating Industries Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Boating Industries Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $172,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,421
For more financial information, click here
Official website here: www.mbia.org
What is the mission statement of Michigan Boating Industries Association?
The Michigan Boating Industries Association (MBIA) is dedicated to educating and promoting the growth of the boating industry within its jurisdiction. This organization's mission encompasses not only fostering industry advancement but also addressing related ethical issues. One of the ways MBIA achieves this is by organizing boat shows, such as the Detroit Boat Show, Novi Boat Show, and Metro Boat Show, which serve as buying opportunities for consumers and a service to its member companies. These events aim to raise awareness of the benefits of boating as a recreational activity and showcase the ample opportunities for enjoying Michigan's vast network of inland lakes, Great Lakes, rivers, and streams.
Official website here: www.mbia.org
Who is the CEO of Michigan Boating Industries Association?
Nicki Polan is the Director of Michigan Boating Industries Association.
Official website here: www.mbia.org
What is the revenue of Michigan Boating Industries Association?
Michigan Boating Industries Association's revenue in 2023 was $3,313,964.
Official website here: www.mbia.org
Who are the executives of Michigan Boating Industries Association and what are their salaries?
The average compensation at Michigan Boating Industries Association during 2023 was $66,391. There are 6 employees and 11 volunteers at Michigan Boating Industries Association.
Here are 12 key members and their salaries:
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- Compensation: $151,684
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- Other: $18,274
Official website here: www.mbia.org
Where can I find the form 990 for Michigan Boating Industries Association?
Michigan Boating Industries Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mbia.org
Learn more at the official website: www.mbia.org
Mission Statement of Michigan Boating Industries Association
Michigan Boating Industries Association, or MBIA, is committed to educating and promoting the growth of the boating industry within Michigan. Their mission involves disseminating knowledge and fostering advancements in this sector. Additionally, MBIA plays a significant role in addressing ethical issues related to the boating industry.
To accomplish its objectives, MBIA organizes and hosts several boat shows. These events, including the Detroit Boat Show, Novi Boat Show, and Metro Boat Show, attract numerous exhibiting firms. These shows serve as valuable opportunities for MBIA members and consumers alike. For members, they offer a platform to showcase their products and services. For consumers, they provide a chance to explore the world of boating, learn about its benefits, and potentially make a purchase. These events also help increase awareness of boating as a recreational activity, highlighting the abundance of water bodies in Michigan, such as inland lakes, the Great Lakes, and rivers and streams.
By hosting these boat shows, MBIA not only supports its members but also contributes to the overall growth of the boating industry in Michigan. Through education and promotion, the organization works towards fostering a thriving boating community in the state.
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Impact
October, 2024
The Michigan Boating Industries Association (MBIA) plays a crucial role in advancing the boating industry in Michigan. Its impact is evident through the production of key boat shows, such as the Detroit Boat Show, Novi Boat Show, and Metro Boat Show, which collectively feature hundreds of exhibiting firms. These events serve not only as a platform for businesses to showcase their offerings but also as significant buying opportunities for consumers, promoting the recreational boating lifestyle.
By highlighting Michigan's vast natural resources—over 11,000 inland lakes, the Great Lakes, and numerous rivers and streams—the MBIA fosters appreciation for boating as an enjoyable recreational activity. This promotion not only benefits the boating industry economically but also encourages responsible and ethical boating practices among enthusiasts. Ultimately, the association enhances public awareness about the numerous advantages of boating and the vibrant community that surrounds it, making a substantial positive impact on both the industry and the local economy.
This information is meant to be a general summary of Michigan Boating Industries Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $132,535
- Program Service Revenue: $3,033,275
- Gross Receipts: $3,313,964
Assets and Liabilities:
- Total Assets: $7,724,982
- Total Liabilities: $0
- Net Assets: $7,724,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOAT SHOWS
Revenue
$2,828,563
MEMBERSHIP DUES
Revenue
$99,468
CLEAN MARINA PROGRAM
Revenue
$79,083
CONFERENCE INCOME
Revenue
$15,740
EDUCATIONAL PROGRAMS
Revenue
$10,421
Organization Details
Founding Year
1958
Phone
(734) 261-0123Principal Officer
Nicki Polan
Main Address
8625 RICHARDSON ROAD, COMMERCE TOWNSHIP, MI, 48390
Website
www.mbia.orgNTEE Category
Code: N67 - Recreation
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