National Cargo Bureau Inc
- Assets
- $137.3m
- Revenue
- $24.1m
- Investments
- $2.3m
- Employees
- 127
- Location
- New York, NY
- Founding
- 12/1953
- Data as of
- 12/2023
- EIN
- 13-5615188
Organization Overview
National Cargo Bureau Inc is located in New York, NY. The organization was established in 1953. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Cargo Bureau Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cargo Bureau 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 Cargo Bureau Inc generated $24.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $20.8m during the year ending 12/2023. While expenses have increased by 4.2% 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.
Since 2018, National Cargo Bureau Inc has awarded 30 individual grants totaling $400,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE RECOMMENDATION FOR THE SAFE STOWAGE OF DANGEROUS GOODS AND OTHER CARGOES, AND DESIGN, STRENGTH, SAFETY AND SUITABILITY OF CARGO HANDLING GEAR AND CONTAINERS INCLUDING THE SECURITY AND INTEGRITY OF CONTAINERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUREAU PROVIDES RECOMMENDATIONS FOR THE SAFE STOWAGE OF DANGEROUS GOODS AND OTHER CARGOES, AND DESIGN, STRENGTH, SAFETY AND SUITABILITY OF CARGO HANDLING GEAR AND CARGO CONTAINERS INCLUDING THE SECURITY AND INTEGRITY OF CONTAINERS. IT WORKS AT THE INDUSTRY LEVEL TO ACHIEVE UNIFORMITY OF SAFETY STANDARDS AND REGULATIONS AND TO REMOVE OBSTACLES THAT RESULT FROM LACK OF UNIFORMITY FOR THE STOWAGE OF CARGO. NCB OFFERS LOW COST CARGO LOADING INSPECTION SERVICE, WHETHER ABOARD VESSELS OR IN CONTAINERS, AND AN INSPECTION SERVICE OF CARGO, CONTAINERS AND CARGO HANDLING GEAR; AND GENERALLY TO PROMOTE THE SAFETY OF LIFE AND CARGO AT SEA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian J Lennard President | OfficerTrustee | 40 | $843,031 |
Kristian Wiede Chief Financial Officer | OfficerTrustee | 40 | $425,417 |
John W Murray Chairman | OfficerTrustee | 1 | $0 |
Sean M Dalton Deputy Chairman | OfficerTrustee | 1 | $0 |
Philip H Greene Treasurer | OfficerTrustee | 1 | $0 |
Roger Ablett Director | Trustee | 1 | $0 |
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 | $20,509,294 |
| Investment income | $3,033,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $443,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$15,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,111,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,284,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,765,522 |
| Pension plan accruals and contributions | $145,655 |
| Other employee benefits | $1,391,514 |
| Payroll taxes | $1,262,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,621 |
| Fees for services: Accounting | $124,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,287 |
| Fees for services: Other | $331,005 |
| Advertising and promotion | $0 |
| Office expenses | $238,781 |
| Information technology | $161,413 |
| Royalties | $0 |
| Occupancy | $692,723 |
| Travel | $584,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $86,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $888,811 |
| Insurance | $542,568 |
| All other expenses | $11,809 |
| Total functional expenses | $20,798,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,529,778 |
| Savings and temporary cash investments | $64,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,030,112 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $318 |
| Prepaid expenses and deferred charges | $609,256 |
| Net Land, buildings, and equipment | $942,067 |
| Investments—publicly traded securities | $80,426,873 |
| Investments—other securities | $2,278,040 |
| Investments—program-related | $0 |
| Intangible assets | $1,508,267 |
| Other assets | $46,913,607 |
| Total assets | $137,303,136 |
| Accounts payable and accrued expenses | $377,545 |
| 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 | $2,044,900 |
| Total liabilities | $2,422,445 |
| Net assets without donor restrictions | $134,880,691 |
| 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 | $137,303,136 |
Grants Awarded
Over the last fiscal year, National Cargo Bureau Inc has awarded $75,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA MARITIME ACADEMY PURPOSE: AWARD FOR EXCELLENCE IN CARGO | $15,000 |
MAINE MARITIME ACADEMY PURPOSE: AWARD FOR EXCELLENCE IN CARGO | $15,000 |
TEXAS A&M MARITIME ACADEMY PURPOSE: AWARD FOR EXCELLENCE IN CARGO | $15,000 |
MASSACHUSETTS MARITIME ACADEMY PURPOSE: AWARD FOR EXCELLENCE IN CARGO | $15,000 |
SUNY MARITIME COLLEGE PURPOSE: AWARD FOR EXCELLENCE IN CARGO | $15,000 |