Transportation Institute
- Assets
- $17.6m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Camp Springs, MD
- Founding
- 03/1966
- Data as of
- 12/2022
- EIN
- 11-2099490
Organization Overview
Transportation Institute is located in Camp Springs, MD. The organization was established in 1966. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Transportation Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transportation Institute is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Transportation Institute generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARITIME INDUSTRY EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: TO STUDY, EXAMINE AND RESEARCH ISSUES AND PROBLEMS AFFECTING THE MARITIME INDUSTRY AND THEIR RELATED MODES OF TRANSPORTATION.
EDUCATION: TO PROVIDE AND ENGAGE IN EDUCATIONAL, PROMOTIONAL AND OTHER ACTIVITIES WHICH MAY BE RELATED TO THE MARITIME INDUSTRY.
PUBLIC RELATIONS: TO PUBLISH THE RESULTS OF ITS RESEARCH TOGETHER WITH APPROPRIATE RECOMMENDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Henry Chairman And President | OfficerTrustee | 40 | $340,354 |
David Foster Director | Trustee | 1 | $0 |
Thomas Crowley Jr Director | Trustee | 1 | $0 |
Joseph Starck Director | Trustee | 1 | $0 |
Tim Nolan Director | Trustee | 1 | $0 |
Sara C Fuentes V.P. For Government Affairs | Officer | 40 | $193,726 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nahigan Strategies Llc Public Relations | 12/30/22 | $576,000 |
Squire Patton Boggs Public Relations | 12/30/22 | $480,000 |
Ascent Media Public Relations | 12/30/22 | $388,764 |
Ernst & Young Us Llp Public Relations | 12/30/22 | $300,000 |
Pricewaterhousecoopers Public Relations | 12/30/22 | $225,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,193,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,193,054 |
| Total Program Service Revenue | $0 |
| Investment income | $382,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,576 |
| Net Gain/Loss on Asset Sales | -$386,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,221,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $697,370 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,354 |
| Pension plan accruals and contributions | $353,345 |
| Other employee benefits | $186,841 |
| Payroll taxes | $48,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,769 |
| Fees for services: Accounting | $36,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,971 |
| Fees for services: Other | $491,100 |
| Advertising and promotion | $1,705,258 |
| Office expenses | $120,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $403,936 |
| Travel | $34,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,240 |
| Insurance | $31,134 |
| All other expenses | $0 |
| Total functional expenses | $4,768,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $861,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $526,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,163 |
| Net Land, buildings, and equipment | $17,845 |
| Investments—publicly traded securities | $16,196,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,785 |
| Total assets | $17,635,409 |
| Accounts payable and accrued expenses | $68,309 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,705 |
| Total liabilities | $91,014 |
| Net assets without donor restrictions | $17,544,395 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,635,409 |