American Maritime Congress
- Assets
- $5.2m
- Revenue
- $986.8k
- Investments
- $3.4m
- Employees
- 3
- Location
- Washington, DC
- Founding
- 09/1978
- Data as of
- 12/2022
- EIN
- 52-1090976
Organization Overview
American Maritime Congress is located in Washington, DC. The organization was established in 1978. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2022, American Maritime Congress employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Maritime Congress 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 12/2022, American Maritime Congress generated $986.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $789.9k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT EDUCATIONAL AND RESEARCH GROUP REPRESENTING U.S.-FLAG VESSEL OPERATING COMPANIES IN THE INTERNATIONAL AND DOMESTIC TRADES THAT HAVE COLLECTIVE BARGAINING AGREEMENTS WITH THE MARINE ENGINEERS' BENEFICIAL ASSOCIATION (AFL-CIO), WHICH REPRESENTS THE LICENSED ENGINEERS AND DECK OFFICERS OF THE U.S. MERCHANT MARINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INFORMATION ON RECENT DEVELOPMENTS IN RESEARCH, EDUCATION, AND LEGISLATIVE ACTIVITY THAT AFFECT U.S.-FLAG VESSEL OPERATING COMPANIES IN THE INTERNATIONAL AND DOMESTIC TRADES THAT HAVE COLLECTIVE BARGAINING AGREEMENTS WITH THE MARINE ENGINEERS' BENEFICIAL ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Vokac Chairman/director | OfficerTrustee | 0 | $0 |
Philip Shapiro Vice Chairman/director | OfficerTrustee | 0 | $0 |
Philip Fisher Director | Trustee | 0 | $0 |
Roland Rexha Director | Trustee | 0 | $0 |
Adam Smith Director | Trustee | 0 | $0 |
Claudia Cimini Director | Trustee | 0 | $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 | $918,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $918,476 |
| Total Program Service Revenue | $0 |
| Investment income | $32,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,799 |
| 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. | $191,337 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,387 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,827 |
| Fees for services: Other | $32,817 |
| Advertising and promotion | $200,740 |
| Office expenses | $9,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,506 |
| Travel | $23,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,319 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,275 |
| All other expenses | $0 |
| Total functional expenses | $789,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,147 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,596,881 |
| Investments—other securities | $3,417,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,225,871 |
| Accounts payable and accrued expenses | $111,571 |
| 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 | $111,571 |
| Net assets without donor restrictions | $5,114,300 |
| 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 | $5,225,871 |