Institute Of International Container Lessors Ltd
- Assets
- $832.5k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Holmdel, NJ
- Founding
- 10/1973
- Data as of
- 12/2023
- EIN
- 23-7309986
Organization Overview
Institute Of International Container Lessors Ltd is located in Holmdel, NJ. The organization was established in 1973. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Institute Of International Container Lessors Ltd employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of International Container Lessors Ltd 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, Institute Of International Container Lessors Ltd generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 3.6% 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 INTERESTS OF ITS MEMBERS AND IMPROVE CONDITIONS WITHIN THE CONTAINER AND CHASSIS LEASING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMINATIONS AND COURSES - THERE WERE 699 INSPECTORS CERTIFIED DURING 2023. THERE WERE NO COURSES HELD DURING THE YEAR 2023.
MEMBER SERVICES - THE IICL IS ACTIVE IN TECHNOLOGICAL, EDUCATIONAL, SAFETY, ENVIRONMENTAL, GOVERNMENTAL, REGULATORY, AND SECURITY ISSUES. COMPLEMENTING ITS WIDELY ACCEPTED INDUSTRY STANDARDS AND BEST PRACTICES, THE IICL OFFERS ITS INSPECTOR CERTIFICATION EXAMINATIONS FOR CONTAINERS AND CHASSIS IN MORE THAN 5,000 LOCATIONS AROUND THE WORLD, SUPPORTED BY PUBLICATIONS, TOOLS AND COURSES. IICL MEMBERS SERVICES INCLUDE CONDUCTING ADVOCACIES AND STUDIES ON VARIOUS TOPICS OF INTEREST TO ITS MEMBER. DURING 2023, THE FOLLOWING ADVOCACIES AND STUDIES WERE CONDUCTED: CHASSIS ADVOCACY, GLOBAL COMPENSATION STUDY, MARITIME TV VIDEO CREATION, AND SIDE UNDERRIDE GUARD ADVOCACIES.
PUBLICATION AND TOOLS - IICL ISSUES TWO NEWSLETTERS ANNUALLY AND TOPICAL TECHNICAL BULLETINS TO THE INDUSTRY AS NEEDED AND SOLD DIGITAL MANUALS TOOLS TO THE GENERAL PUBLIC AND ITS MEMBERS FOR USE IN THE CONTAINER INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Lombardi President/secretary | Officer | 40 | $292,500 |
Luiz Goncalves Technical Service Director | 40 | $205,053 | |
Oliver Ghesquiere Chairman | OfficerTrustee | 1 | $0 |
Daniel Walsh First Vice President | OfficerTrustee | 1 | $0 |
Katherine Mccabe Second Vice President | OfficerTrustee | 1 | $0 |
Jeremy Matthew Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K&l Gates Llp Legal Services | 12/30/21 | $191,900 |
Mayer Brown Llp Legal Services | 12/30/21 | $175,313 |
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 | $1,649,425 |
| Investment income | $24 |
| 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 | $114,759 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,764,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $499,893 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,555 |
| Pension plan accruals and contributions | $15,372 |
| Other employee benefits | $66,881 |
| Payroll taxes | $44,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $265,328 |
| Fees for services: Accounting | $76,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,400 |
| Advertising and promotion | $2,337 |
| Office expenses | $2,447 |
| Information technology | $10,100 |
| Royalties | $0 |
| Occupancy | $28,937 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,848 |
| Insurance | $30,770 |
| All other expenses | $69,985 |
| Total functional expenses | $1,541,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $677,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,526 |
| Prepaid expenses and deferred charges | $32,564 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,236 |
| Other assets | $0 |
| Total assets | $832,469 |
| Accounts payable and accrued expenses | $188,782 |
| 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 | $0 |
| Total liabilities | $188,782 |
| Net assets without donor restrictions | $643,687 |
| 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 | $832,469 |