Sustainable Terminal Services Inc
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bayonne, NJ
- Founding
- 06/2011
- Data as of
- 12/2023
- EIN
- 45-0676029
Organization Overview
Sustainable Terminal Services Inc is located in Bayonne, NJ. The organization was established in 2011. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Terminal Services 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, Sustainable Terminal Services Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 0.0% 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
STS PROMOTES ENVIRONMENTALLY SENSITIVE, EFFICIENT, AND SECURE MARINE TERMINAL OPERATIONS IN THE PORT OF NEW YORK AND NEW JERSEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
STS HAS IMPLEMENTED A RADIO-FREQUENCY IDENTIFICATION (RFID)BASED TRUCK IDENTIFICATION SYSTEM TO BE USED BY THE CONTAINER TERMINALS IN THE PORT OF NEW YORK AND NEW JERSEY. IN ADDITION, STS HAS IMPLEMENTED A TERMINAL INFORMATION PORTAL SYSTEM THAT PROVIDES CARGO INTERESTS INFORMATION ABOUT THE STATUS OF CONTAINERS ARRIVING IN THE PORT AS WELL AS A CYBER RESILIENCY PROGRAM THAT PERMITS ITS MEMBERS TO UTILIZE READY TO DEPLOY COMPUTER HARDWARE AND REDUNDANT CLOUD-BASED SYSTEMS IN THE EVENT OF A CYBER ATTACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ficarra Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Atkins Chairman | OfficerTrustee | 1 | $0 |
Jay Ruble Board Member | Trustee | 1 | $0 |
Daniel Mulligan Board Member | Trustee | 1 | $0 |
Michael Stamatis Board Member | Trustee | 1 | $0 |
Courtney Robinson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $860,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,242,837 |
| 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 | $2,102,837 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,102,837 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,393 |
| Fees for services: Accounting | $21,736 |
| 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 | $8,211 |
| Information technology | $1,037,826 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,347 |
| Insurance | $16,350 |
| All other expenses | $186,300 |
| Total functional expenses | $1,372,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $208,887 |
| Accounts receivable, net | $351,138 |
| 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 | $60,853 |
| Net Land, buildings, and equipment | $366,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,229 |
| Total assets | $1,269,987 |
| Accounts payable and accrued expenses | $141,869 |
| 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 | $59,227 |
| Total liabilities | $201,096 |
| Net assets without donor restrictions | $628,891 |
| Net assets with donor restrictions | $440,000 |
| 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 | $1,269,987 |