National Customs Brokers & Forwarders Assn Of America Inc
- Assets
- $3.2m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Silver Spring, MD
- Founding
- 05/1962
- Data as of
- 12/2023
- EIN
- 13-5544472
Organization Overview
National Customs Brokers & Forwarders Assn Of America Inc is located in Silver Spring, MD. The organization was established in 1962. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, National Customs Brokers & Forwarders Assn Of America Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Customs Brokers & Forwarders Assn Of America 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 12/2023, National Customs Brokers & Forwarders Assn Of America Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON BUSINESS INTERESTS OF CUSTOMS BROKERS, INTERNATIONAL FREIGHT FORWARDERS, AND INTERNATIONAL AIR CARGO AGENTS, AND TO ENCOURAGE THE MAINTENANCE OF PROFESSIONALISM AND A STANDARD OF INTEGRITY AND EFFICIENCY THAT WILL PROTECT CLIENTS AND THE GOVERNMENT IN THE FAIR, REASONABLE AND EQUITABLE ADMINISTRATION OF IMPORT AND EXPORT LAWS AND REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADQUARTERED IN SILVER SPRING, MD, THE NCBFAA REPRESENTS MORE THAN 1,000 MEMBER COMPANIES WITH 110,000 EMPLOYEES IN INTERNATIONAL TRADE - THE NATION'S LEADING FREIGHT FORWARDERS, CUSTOMS BROKERS, OCEAN TRANSPORTATION INTERMEDIARIES (OTIS), NVOCCS AND AIR CARGO AGENTS, SERVING MORE THAN 250,000 IMPORTERS AND EXPORTERS. ESTABLISHED IN 1897 IN NEW YORK, NCBFAA IS THE EFFECTIVE NATIONAL VOICE OF THE INDUSTRY. THROUGH THE VARIOUS COMMITTEES, COUNSEL AND REPRESENTATIVES, THE ASSOCIATION MAINTAINS A CLOSE WATCH OVER LEGISLATIVE AND REGULATORY ISSUES THAT AFFECT ITS MEMBERS. IT KEEPS THEM INFORMED OF THESE AND OTHER RELATED ISSUES THROUGH ITS WEEKLY MONDAY MORNING EBRIEFING, AND VARIOUS MEETINGS AND CONFERENCES THROUGHOUT THE YEAR. THE ASSOCIATION HAS SEVERAL PROGRAMS CONSISTING OF AN ANNUAL CONFERENCE, GOVERNMENTAL AFFAIRS CONFERENCE, EDUCATIONAL INSTITUTE, MEMBERSHIP, REGULATORY AGENCIES COMMITTEE, TRANSPORTATION AND CUSTOMS IMPORT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Montgomery Executive Vice President | Officer | 40 | $201,407 |
Cynthia Whittenburg Nei Executive Vice President | Officer | 40 | $163,800 |
Jose D Gonzalez President | OfficerTrustee | 2 | $0 |
Victoria Lane Vice President | OfficerTrustee | 2 | $0 |
Janet Fields Chairman | OfficerTrustee | 2 | $0 |
Kristiann App Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Llp Transportation Counsel. | 12/30/23 | $172,368 |
Amy R Dawson Member Relations | 12/30/23 | $165,293 |
Sandler Travis & Rosenberg Pa Legal & Legislative Rep. | 12/30/23 | $400,594 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,102,836 |
| Investment income | $52,674 |
| 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 | $4,155,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,441 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $379,733 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $955,167 |
| Pension plan accruals and contributions | $29,385 |
| Other employee benefits | $75,428 |
| Payroll taxes | $195,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $598,952 |
| Fees for services: Accounting | $8,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345,396 |
| Advertising and promotion | $21,454 |
| Office expenses | $247,392 |
| Information technology | $128,489 |
| Royalties | $0 |
| Occupancy | $68,088 |
| Travel | $161,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $751,782 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,720 |
| Insurance | $7,701 |
| All other expenses | $0 |
| Total functional expenses | $4,021,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $646 |
| Savings and temporary cash investments | $2,830,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,228 |
| 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 | $154,358 |
| Net Land, buildings, and equipment | $19,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,950 |
| Total assets | $3,190,156 |
| Accounts payable and accrued expenses | $732,021 |
| Grants payable | $0 |
| Deferred revenue | $1,164,111 |
| 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 | $137,177 |
| Total liabilities | $2,033,309 |
| Net assets without donor restrictions | $1,156,847 |
| 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 | $3,190,156 |