Transportation Institute
- Assets
- $18.8m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Camp Springs, MD
- Founding
- 03/1966
- Data as of
- 12/2021
- 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 12/2021, Transportation Institute employed 6 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 12/2021, Transportation Institute generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Henry Chairman And President | OfficerTrustee | 40 | $345,158 |
Richard Berkowitz Ti Director Wa State | Officer | 40 | $222,659 |
Sara C Fuentes V.P. For Government Relati | Officer | 40 | $181,732 |
David Foster Director | Trustee | 1 | $0 |
Thomas Crowley Jr Director | Trustee | 1 | $0 |
Joseph Starck Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nahigan Strategies Llc Public Relations | 12/30/21 | $1,084,130 |
Breaux Lott Leadership Group Llc Public Relations | 12/30/21 | $480,000 |
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 | $5,032,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,032,796 |
| Total Program Service Revenue | $0 |
| Investment income | $285,582 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,576 |
| Net Gain/Loss on Asset Sales | $164,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,492,906 |
| 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. | $749,549 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,026 |
| Pension plan accruals and contributions | $316,713 |
| Other employee benefits | $206,473 |
| Payroll taxes | $51,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,504 |
| Fees for services: Accounting | $35,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,833 |
| Fees for services: Other | $519,580 |
| Advertising and promotion | $1,259,713 |
| Office expenses | $67,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $393,117 |
| Travel | $19,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,076 |
| Insurance | $32,344 |
| All other expenses | $0 |
| Total functional expenses | $4,273,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,438,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $495,481 |
| 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 | $30,533 |
| Net Land, buildings, and equipment | $35,084 |
| Investments—publicly traded securities | $16,834,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,785 |
| Total assets | $18,841,476 |
| Accounts payable and accrued expenses | $106,109 |
| 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 | $52,255 |
| Total liabilities | $158,364 |
| Net assets without donor restrictions | $18,683,112 |
| 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 | $18,841,476 |