Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
EIN 06-0986800 • 501(c)3 • Norwalk, CT
Profile
The Norwalk Seaport Association, Inc. offers a cultural, environmental, and historical journey to the Norwalk Islands. The Sheffield Island Lighthouse and the Light Keeper's Cottage provide a unique historical and educational venue which strives to increase awareness, appreciation and consideration for our environment and how the preservation of historic buildings and nature contribute to our quality of life.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
44th percentile
Faster asset growth than 44% of similar nonprofits.
Revenue Growth
40th percentile
Faster revenue growth than 40% of similar nonprofits.
Assets
Up$2,361,862
Up $40,031 (+1.7%) from 2023
Liabilities
Up$85,034
Up $81,134 (+2080%) from 2023
Net Assets
Down$2,276,828
Down $41,103 (-1.8%) from 2023
Revenue
Up$489,895
Up $11,649 (+2.4%) from 2023
Expenses
Up$530,998
Up $40,696 (+8.3%) from 2023
Net Income
Down-$41,103
Down $29,047 (-241%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The Norwalk Seaport Association, Inc. offers a cultural, environmental, and historical journey to the Norwalk Islands. The Sheffield Island Lighthouse and the Light Keeper's Cottage provide a unique historical and educational venue which strives to increase awareness, appreciation and consideration for our environment and how the preservation of historic buildings and nature contribute to our quality of life.
The purpose of the Norwalk Seaport Association is to foster public awareness of our marine environment and maritime heritage through education and preservation.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,253,107 | $1,523,209 | ▲ $270,102 |
| Savings and Temporary Cash Investments | $984,133 | $763,747 | ▼ $220,386 |
| Cash and Non-Interest-Bearing Accounts | $49,064 | $35,954 | ▼ $13,110 |
| Prepaid Expenses and Deferred Charges | $28,095 | $30,916 | ▲ $2,821 |
| Investments in Publicly Traded Securities | $7,432 | $8,036 | ▲ $604 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $2,321,831 | $2,361,862 | ▲ $40,031 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $3,900 | $85,034 | ▲ $81,134 |
| Total Liabilities | $3,900 | $85,034 | ▲ $81,134 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,317,931 | $2,276,828 | ▼ $41,103 |
| Total Net Assets Fund Balance | $2,317,931 | $2,276,828 | ▼ $41,103 |
| Total Liabilities and Net Assets / Fund Balance | $2,321,831 | $2,361,862 | ▲ $40,031 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $643,503 | $327,374 | $970,877 |
| Buildings | $428,104 | $290,352 | $718,456 |
| Land | $407,992 | - | $407,992 |
| Equipment | $43,610 | $279,904 | $323,514 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jerry Toni | Executive Director | FT | $95,040 | $95,040 |
| Name | Title |
|---|---|
| Mike Reilly | President |
| Richard McQuaid | Vice President |
| Andrew Thane | Director |
| Bruce Cross | Director |
| Carol Pote | Director |
| Charles Chinzi | Director |
| Chuck Kriewald | Director |
| Donna Ferguson | Director |
| Emanuel Santa-Donato | Director |
| James Ferguson | Director |
| Jeremy Rubino | Director |
| Jim Erotopoulos | Director |
| Jim Madden | Director |
| Johnathan Small | Director |
| Lillian Santa-Donato | Director |
| Linda Cappello | Director |
| Morgan Wetmore | Director |
| Robert Terpin | Director |
| Shenton King | Director |
| Steve DeMarco Sr | Director |
| Urban Mulvehill III | Director |
| Urban Mulvehill Jr | Director |
| Maureen Bonenfant | Secretary |
| Gerald Rabin | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $318,015 |
| Salaries, Compensation, and Employee Benefits | $212,483 |
| Grants and Similar Amounts Paid | $500 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Office Expenses | $80,914 | $40,890 | - | $121,804 |
| Current Officers, Directors, Trustees, and Key Employees | - | $95,040 | - | $95,040 |
| Other Salaries and Wages | $48,883 | $45,589 | - | $94,472 |
| Depreciation Depletion | $37,866 | $7,028 | - | $44,894 |
| Fees for Services Other | $36,463 | $654 | - | $37,117 |
| Insurance | $23,352 | $13,322 | - | $36,674 |
| Other Expenses | $23,745 | - | - | $23,745 |
| Fees for Services Accounting | - | $21,125 | - | $21,125 |
| Occupancy | $2,862 | $15,489 | - | $18,351 |
| Payroll Taxes | $4,155 | $11,955 | - | $16,110 |
| Advertising | $7,491 | $6,814 | - | $14,305 |
| Other Employee Benefits | $3,981 | $2,880 | - | $6,861 |
| Grants to Domestic Individuals | $500 | - | - | $500 |
| Total Functional Expenses | $270,212 | $260,786 | $0 | $530,998 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,365,225 |
| Expenses Not Reported on Form 990 | $834,227 |
| Expenses per Audited Statements | $530,998 |
| Total Expenses per Form 990 | $530,998 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $853,803 |
| Fundraising Direct Expenses | $834,227 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Oyster Festival | $835,009 | $835,009 | $351,672 | $483,337 |
| DockTails | $18,794 | $18,794 | $3,032 | $15,762 |
| Total Events | $853,803 | $853,803 | $834,227 | $19,576 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Jim Erotopoulos | Board Member | Printing Vendor | No | $9,285 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“The Organization is incorporated as a non-stock corporation in the State of Connecticut”
“Form 990 is provided to all Board Members prior to filing with the IRS for review and input, if any.”
“The Executive Committee works with the Executive Director or President on implementing goals and objectives and compensation levels for all employees. The Board of Directors is responsible for determining and reviewing the compensation of the Executive Director. The Executive Director position was vacant from 2014 through 2023. In 2024, the Business Manager was elevated to Executive Director.”
“Executive Director or PresidentSection 6.1 Office - The Board, at its discretion, may employ an Executive Director to act as the Chief Operating Officer of the NSA. Such employment shall require approval by a vote of three-quarters of the entire Board of Trustees then in office and not on leave of absence. In the absence of employment of an Executive Director, the President of the NSA shall also be the Chief Operating Officer.Section 6.2 Duties - The Executive Director shall:- Report directly to the Board;- Be responsible for the overall management of NSA operations;- Be responsible for conducting the official correspondence of the NSA;- Preserve all books, documents, records, communications and archives;- Be responsible for preserving books of account and for maintaining accurate records of the activities of the NSA;- Receive and deposit all monies in the name of the NSA and, upon approval of the annual budget, make such disbursements as are provided for in the budget without further approval of the Board, subject to the requirements for joint execution of all checks over $750;- Be responsible for the direction and supervision of all staff;- Attend meetings of the Board and of the Executive Committee;- Attend Committee meetings when requested by its Chairperson or when the Executive Director deems it appropriate.Section 6.3 Term - The Executive Director may be dismissed with or without cause by a vote of three-quarters of the members of the entire Board of Trustees then in office and not on leave of absence.Section 6.4 Compensation - The Executive Director shall be paid such compensation as the Board determines.”
“The Organization makes its governing documents and financial statements available to the public upon request.”
“Special Event Expenses $834227”
“Special Event Expenses $834227”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | Urban Mulvehill III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 17 | Carol Pote |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 18 | Jeremy Rubino |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 19 | Emanuel Santa-Donato |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 20 | Lillian Santa-Donato |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 21 | Johnathan Small |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 22 | Robert Terpin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 23 | Andrew Thane |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 24 | Morgan Wetmore |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 95040 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 18 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 19 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 20 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 21 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 22 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 23 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 24 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Executive Dir. |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1978 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | true |
| IRS990/FundraisingDirectExpensesAmt | 0 | 834227 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 853803 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 24 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 500 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 500 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
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| IRS990/GrossRentsGrp/RealAmt | 0 | 18675 |
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| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 23352 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 36674 |
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| IRS990/MissionDesc | 0 | The Norwalk Seaport Association, Inc. offers a cultural, environmental, and historical journey to the Norwalk Islands. The Sheffield Island Lighthouse and the Light Keeper's Cottage provide a unique historical and educational venue which strives to increase awareness, appreciation and consideration for our environment and how the preservation of historic buildings and nature contribute to our quality of life. |
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| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 19576 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2276828 |
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| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 2862 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 18351 |
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| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 80914 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 121804 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 2880 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 3981 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 6861 |
| IRS990/OtherExpensesGrp/Desc | 0 | Ferry-Related Costs |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 23745 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 23745 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 45589 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 48883 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 94472 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 11955 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 4155 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 16110 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 28095 |
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