World Coatings Council Inc is located in Washington, DC. The organization was established in 2003. 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. World Coatings Council 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 12/2022, World Coatings Council Inc generated $165.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $164.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS OF AND IMPROVE THE BUSINESS CONDITIONS AMONG MEMBERS OF THE GLOBAL PAINT AND COATINGS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARINE COATINGS TECHNICAL COMMITTEE: THE WORLD COATINGS COUNCIL (WCC) MARINE COATINGS TECHNICAL COMMITTEE (MCTC) WAS FORMED TO ADDRESS THE INTERNATIONAL MARITIME ORGANIZATION'S (IMO) PROGRAM ESTABLISHING A UNIFORM PERFORMANCE STANDARDS FOR ANTI-CORROSION PROTECTIVE COATINGS WHICH ARE APPLIED TO BALLAST TANKS, CRUDE OIL TANKER CARGO HOLDS, AND VOID SPACES. EFFECTIVE COATINGS TO PREVENT CORROSION OF THESE CRITICAL AREAS ARE ESSENTIAL TO PRECLUDE THEIR BREACHING AND CAUSING CATASTROPHIC LOSS OF LIFE. ESTABLISHED BY WCC MEMBER COMPANIES, THE WORK GROUP IN 2010 SUCCESSFULLY CONCLUDED THE DEVELOPMENT OF THE MAJOR ELEMENTS OF A TEST PROTOCOL TO BE USED IN ASCERTAINING THE EFFECTIVENESS OF PROTECTIVE COATINGS FOR CRUDE OIL TANKER HOLDS. THIS WAS DONE UNDER THE AUSPICES OF THE INTERNATIONAL MARITIME ORGANIZATION WHICH AGREED TO WCC'S RECOMMENDATIONS INCLUDING, ADDITIONAL TIME IN WHICH TO RESOLVE LINGERING ISSUES. IN DEVELOPING THE TEST PROTOCOL THE WCC MCTC INCLUDED INDEPENDENT TESTING LABS, CERTIFICATION SOCIETIES, SHIPYARDS, AND SHIP OWNERS- ALL OF THE MAJOR INTERESTS AFFECTED BY THE STANDARDS. THE COMMITTEE'S CURRENT PROJECTS INCLUDE FURTHER REFINEMENT OF THE TEST PROTOCOL AND A RENEWED EFFORT CONCERNING THE IMPLEMENTATION OF THE IMO BALLAST WATER TANK REQUIREMENTS FOR INVASIVE SPECIES TREATMENT SYSTEMS AND THEIR POTENTIAL IMPACT UPON BALLAST WATER PROTECTIVE COATINGS.
ANTIFOULING COATINGS COMMITTEE: THE WCC ANTIFOULING COATINGS COMMITTEE (AFCC) WAS FORMED TO: MONITOR ACTIVITY WHICH WILL, OR IS LIKELY TO, IMPACT ON THE REGULATIONS GOVERNING THE MARKETING AND USE OF ANTIFOULING PRODUCTS, WHETHER SUCH ACTIVITY IS UNDERTAKEN BY NATIONAL GOVERNMENTS, INTERNATIONAL ORGANIZATIONS, NGOS OR RESEARCH INSTITUTIONS.; EXCHANGE INFORMATION ABOUT SUCH ACTIVITY.; ARRIVE AT COMMON STANDPOINTS REGARDING THE ACCEPTABILITY OR OTHERWISE OF SUCH ACTIVITY, AND DOCUMENT AND DISTRIBUTE COMMON POSITIONS.; LOBBY APPROPRIATE BODIES TO MODIFY REGULATIONS OR PROPOSALS TO BE IN ACCORDANCE WITH THE GROUP'S POSITIONS.IN 2007 THE WCC AFCC OBTAINED NGO STATUS AT THE INTERNATIONAL MARITIME ORGANIZATION (IMO), ALSO REFERRED TO AS THE UN OF THE SEA. CURRENTLY THE AFCC SENDS DELEGATIONS TO SEVERAL IMO COMMITTEES WHICH MEET IN VARIOUS COUNTRIES AROUND THE WORLD.MEMBERSHIP OF THE WCC AFCC IS OPEN TO ALL PAINT COMPANIES WHICH MANUFACTURE ANTIFOULINGS AND RELATED RAW MATERIALS THAT ARE MEMBERS OF THEIR NATIONAL PAINT MAKER ASSOCIATIONS, WHICH, EITHER DIRECTLY OR VIA REGIONAL ASSOCIATIONS ARE MEMBERS OF THE WCC.
GLOBAL PAINT AND COATINGS INDUSTRY MARKET ANALYSIS REPORT (2019-2024): THE WORLD COATINGS COUNCIL (WCC) HAS PUBLISHED A NEW, EXPANDED EDITION OF ITS WELL-RESPECTED GLOBAL PAINT & COATINGS INDUSTRY MARKET ANALYSIS (GMA) REPORT. THIS EDITION OF THE GMA PROVIDES COMPREHENSIVE MARKET RESEARCH COVERING THE GLOBAL PAINT AND COATINGS INDUSTRY, ADDRESSING TOPICS OF RELEVANCE TO COATINGS MANUFACTURERS, END USERS, RAW MATERIALS SUPPLIERS, AND OTHERS INTERESTED IN THE INDUSTRY. THE REPORT COVERS THREE PRIMARY CATEGORIES OF COATINGS: DECORATIVE, ORIGINAL EQUIPMENT MANUFACTURERS AND SPECIAL PURPOSE, AS WELL AS THE MANY SUB-SEGMENTS WITHIN THOSE CATEGORIES. RESEARCH WILL FOCUS ON SECTOR ANALYSIS, MARKET TRENDS AND DRIVERS, AND COMPETITIVE LANDSCAPE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
J Andrew Doyle President Of Aca | Trustee | 0.5 | $0 |
Tsutomo Baba President Of Jpma | Trustee | 0.5 | $0 |
Christel Davidson President Of Cepe | Trustee | 0.5 | $0 |
Tom Bowtell President | Officer | 0.5 | $0 |
Monica Alcala-Saavedra Vice President | Officer | 0.5 | $0 |
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 | $165,404 |
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 | $165,404 |
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 | $125,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,221 |
Advertising and promotion | $0 |
Office expenses | $7,843 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $22,814 |
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 | $0 |
Insurance | $1,534 |
All other expenses | $0 |
Total functional expenses | $164,812 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $55,399 |
Savings and temporary cash investments | $0 |
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 | $1,151 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $56,550 |
Accounts payable and accrued expenses | $0 |
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 | $182 |
Total liabilities | $182 |
Net assets without donor restrictions | $56,368 |
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 | $56,550 |