American Maritime Safety Inc is located in White Plains, NY. The organization was established in 1990. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 10/2022, American Maritime Safety Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Maritime Safety Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2022, American Maritime Safety Inc generated $774.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $784.5k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
FOSTER, PROMOTE AND ENCOURAGE SAFETY IN THE AMERICAN-FLAG MARITIME TRADE AND ALL ITS SEGMENTS AND PROMOTE THE BEST INTERESTS OF AMERICAN-FLAG MARITIME COMPANIES BY FACILITATING COMPLIANCE WITH REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER, PROMOTE AND ENCOURAGE SAFETY IN THE AMERICAN-FLAG MARITIME TRADE AND ALL ITS SEGMENTS AND PROMOTE THE BEST INTERESTS OF AMERICAN-FLAG MARITIME COMPANIES BY FACILITATING COMPLIANCE WITH REGULATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joann Meltz Secretary | Trustee | 1 | $14,044 |
Jonathan Lopez Director | Trustee | 1 | $1,000 |
Julio Velazquez Director | Trustee | 1 | $1,000 |
Emmanuel Merced Director | Trustee | 1 | $1,000 |
Lee R A Seham ESQ President | OfficerTrustee | 20 | $0 |
Lucas K Middlebrook ESQ Vice President | OfficerTrustee | 20 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $756,792 |
Investment income | $17,807 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $774,599 |
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. | $17,044 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $158,836 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,946 |
Payroll taxes | $14,246 |
Fees for services: Management | $0 |
Fees for services: Legal | $446,393 |
Fees for services: Accounting | $9,975 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $11,310 |
Information technology | $5,327 |
Royalties | $0 |
Occupancy | $43,200 |
Travel | $8,367 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $87 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,302 |
All other expenses | $1,263 |
Total functional expenses | $784,538 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $34,358 |
Savings and temporary cash investments | $503,768 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $538,126 |
Accounts payable and accrued expenses | $46,085 |
Grants payable | $0 |
Deferred revenue | $136,737 |
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 | $0 |
Total liabilities | $182,822 |
Net assets without donor restrictions | $0 |
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 | $355,304 |
Total liabilities and net assets/fund balances | $538,126 |
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