CMBA - Connecticut Motorsports Business Association

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Nonprofit Trade Association Business Plan

Organization Summary

The CMBA has been Connecticut's only trade association for motorcycle and motorsports businesses since 1974. Our focus is on improving and enhancing the motorsport business climate in Connecticut by:

  1. Promoting motorsports to the general public,
  2. Protecting the rights of motorsports businesses, and
  3. Assisting motorsports businesses to improve their sales and profits.

The Connecticut Motorsports Business Association, Inc. is a Connecticut nonprofit corporation.

2.2 Organization History

CMBA was founded in 1974 as the Connecticut Motorcycle Dealers Association. In 1992 the name was changed to the Connecticut Motorcycle Business Association to allow motorcycle accessory shops full participation in the Association. The name was changed again in 1995 to the Connecticut Motorsports Business Association in recognition of the other motorsports products, such as personal watercraft and ski mobiles, that our members sell and service.

Past Performance
FY 1997 FY 1998 FY 1999
Funding $18,000 $20,000 $20,780
Gross Surplus $3,000 $5,000 ($631)
Gross Surplus % 16.67% 25.00% -3.04%
Operating Expenses $50 $50 $50
Balance Sheet
FY 1997 FY 1998 FY 1999
Current Assets
Cash $11,000 $17,000 $12,000
Other Current Assets $0 $0 $0
Total Current Assets $11,000 $17,000 $12,000
Long-term Assets
Long-term Assets $0 $0 $0
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $0
Total Assets $11,000 $17,000 $12,000
Current Liabilities
Accounts Payable $0 $0 $0
Current Borrowing $0 $0 $0
Other Current Liabilities (interest free) $0 $0 $0
Total Current Liabilities $0 $0 $0
Long-term Liabilities $0 $0 $0
Total Liabilities $0 $0 $0
Paid-in Capital $0 $0 $0
Retained Earnings $11,000 $17,000 $12,000
Earnings $0 $0 $0
Total Capital $11,000 $17,000 $12,000
Total Capital and Liabilities $11,000 $17,000 $12,000
Other Inputs
Payment Days 0 0 0

2.3 Locations and Facilities

Since its inception, the CMBA's office has been that of its president. Since the mid-1990's, however, a paid executive director/association management firm has provided housing for the CMBA's office. At this time we have a modest website and are planning a phone line separate from that of the executive director.