Offshore Service Vessel Dynamic Positioning Authority
- Assets
- $72.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/2015
- Data as of
- 12/2023
- EIN
- 46-5075710
Organization Overview
Offshore Service Vessel Dynamic Positioning Authority is located in New Orleans, LA. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Offshore Service Vessel Dynamic Positioning Authority 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, Offshore Service Vessel Dynamic Positioning Authority generated $39.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 53.4% each year . All expenses for the organization totaled $11.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO ESTABLISH STANDARDS FOR TESTING AND A TRAINING CURRICULUM TO PREPARE PERSONNEL AND COMPANIES IN THE OFFSHORE INDUSTRY TO COMPLY WITH THE STANDARDS IN THE PERFORMANCE OF THEIR EMPLOYMENT DUTIES AND TO ESTABLISH STANDARDS FOR THE DYNAMIC POSITIONING OF OFFSHORE SERVICE VESSELS, WITH PARTICULAR REFERENCE TO THE OFFSHORE OIL AND GAS INDUSTRY, THAT APPLY TO PERSONNEL AND COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron C Smith Executive Director | 40 | $0 | |
Stuart Faucheux Director | 1 | $0 | |
Robert Vosbein Jr Director | 1 | $0 | |
Jan Mikalsen Director | 1 | $0 | |
Steve Marcrum Director | 1 | $0 | |
Tommy Brown Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,130 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,130 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,410 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,504 |
| Total expenses | $11,914 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,360 |
| Other assets | $0 |
| Total assets | $72,220 |
| Total liabilities | $611,152 |
| Net assets or fund balances | -$538,932 |