World Shipping Council
- Assets
- $7.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 11/2000
- Data as of
- 07/2021
- EIN
- 52-2265096
Organization Overview
World Shipping Council is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2021, World Shipping Council employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Shipping Council 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 07/2021, World Shipping Council generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $4.7m during the year ending 07/2021. While expenses have increased by 8.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE A COORDINATED VOICE FOR THE LINER SHIPPING INDUSTRY IN ITS WORK WITH POLICYMAKERS & OTHER INDUSTRY GROUPS WITH AN INTEREST IN INTERNATIONAL TRANSPORTATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARITIME SAFETY AND SECURITY ISSUES - SEE SCHEDULE O
ENVIRONMENTAL ISSUES - SEE SCHEDULE O
LINER SHIPPING REGULATORY SYSTEM - SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Butler President/ceo | Officer | 40 | $558,408 |
Lars Kjaer Senior Vice President | Officer | 40 | $294,010 |
Bryan Wood-Thomas Vice President, Environ Policy | Officer | 40 | $276,338 |
Tim Wickmann Director Of Asia | 40 | $233,333 | |
Doug Schneider Vice Pres (thru 6/30/2021) | Officer | 40 | $231,192 |
Ann Marie Kappel Vice President | Officer | 40 | $190,245 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cozen O'connor Legal Services | 7/30/21 | $427,625 |
Mayer Brown Llp Legal Services | 7/30/21 | $253,300 |
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 | $5,134,402 |
| Investment income | $3,081 |
| 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 | $5,137,483 |
| 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. | $1,904,134 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052,044 |
| Pension plan accruals and contributions | $45,544 |
| Other employee benefits | $39,068 |
| Payroll taxes | $87,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $709,967 |
| Fees for services: Accounting | $31,259 |
| Fees for services: Lobbying | $211,704 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,764 |
| Advertising and promotion | $0 |
| Office expenses | $130,183 |
| Information technology | $54,668 |
| Royalties | $0 |
| Occupancy | $274,160 |
| Travel | $3,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,309 |
| Insurance | $5,672 |
| All other expenses | $43,532 |
| Total functional expenses | $4,705,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,244 |
| Savings and temporary cash investments | $7,326,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $28,209 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $80,821 |
| Other assets | $42,491 |
| Total assets | $7,943,701 |
| Accounts payable and accrued expenses | $155,740 |
| Grants payable | $0 |
| Deferred revenue | $5,593,422 |
| 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 | $73,166 |
| Total liabilities | $5,822,328 |
| Net assets without donor restrictions | $2,121,373 |
| 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 | $7,943,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |