CMBA - Connecticut Motorsports Business Association
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:
- Promoting motorsports to the general public,
- Protecting the rights of motorsports businesses, and
- Assisting motorsports businesses to improve their sales and profits.
2.1 Legal Entity
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.
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