Marine Exchange Of Alaska Inc
- Assets
- $9.3m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Juneau, AK
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 92-0173630
Organization Overview
Marine Exchange Of Alaska Inc is located in Juneau, AK. The organization was established in 2002. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2022, Marine Exchange Of Alaska Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine Exchange Of Alaska 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, Marine Exchange Of Alaska Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. While expenses have increased by 7.4% 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
THE MARINE EXCHANGE OF ALASKA'S MISSION STATEMENT IS TO PROVIDE THE ALASKA MARITIME COMMUNITY INFORMATION, COMMUNICATIONS AND SERVICES TO AID SAFE, SECURE, EFFICIENT AND ENVIRONMENTALLY RESPONSIBLE MARITIME OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARINE EXCHANGE HAS BROUGHT ONLINE AND OPERATES OVER 100 AIS (AUTOMATIC IDENTIFICATION SYSTEM) RECEIVERS IN ALASKA AS WELL AS A SATELLITE TRACKING SYSTEM THAT EXTENDS FROM BARROW, WEST TO ADAK AND SOUTH TO KETCHIKAN. THE SYSTEM TRACKS TANKERS, CONTAINERSHIPS, CRUISE SHIPS, FERRIES, TUGS AND BARGES, FISHING VESSELS AND SMALL PASSENGER VESSELS TO AID SAFE, SECURE, EFFICIENT AND ENVIRONMENTALLY RESPONSIBLE MARITIME OPERATIONS. THE SYSTEM HAS BEEN USED TO MONITOR CRUISE SHIP COMPLIANCE WITH WASTE DISCHARGE REGULATIONS AND SPEED RESTRICTIONS TO MINIMIZE WHALE STRIKES, THE COAST GUARD'S RESPONSE TO MARITIME EMERGENCIES (MAN OVERBOARD AND VESSEL SINKINGS), OIL SPILL RESPONSES, COORDINATION OF SECURITY MEASURES AND THE EFFICIENT DISPATCH OF PILOTS, AGENTS AND MARINE FACILITY PERSONNEL.
MARITIME ADVOCACY, AND CONSULTING SERVICES TO ASSURE COMPLIANCE WITH REGULATIONS AND OTHER MARITIME RULES.
THE MARINE EXCHANGE CONTINUES TO PROVIDE VESSEL OPERATORS, INCLUDING THE ALASKA MARINE HIGHWAY SYSTEM, WITH UP TO DATE "PRINT ON DEMAND" CHARTS AS WELL AS NAVIGATION PUBLICATIONS TO AID MARITIME SAFETY AND DISSEMINATES REGULATORY AND SAFETY INFORMATION VIA PERIODIC NEWSLETTERS AND AN INFORMATIONAL WEB SITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen White Executive Di | Officer | 40 | $160,000 |
John Hollingsworth Chief Operat | Officer | 40 | $140,000 |
Kenneth Phillips Compliance M | 40 | $125,024 | |
Edwin Mayer III Engineering | 40 | $115,440 | |
Shawn Mauldin Chief Soluti | 40 | $110,968 | |
Kristin Cadigan Mcadoo Finance Mana | 40 | $106,748 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,756 |
| 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 | $90,756 |
| Total Program Service Revenue | $6,121,970 |
| Investment income | $114,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,000 |
| 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 | $1,652 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,395,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,800 |
| 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. | $408,087 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,029,281 |
| Pension plan accruals and contributions | $301,646 |
| Other employee benefits | $117,341 |
| Payroll taxes | $194,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,885 |
| Advertising and promotion | $368 |
| Office expenses | $53,954 |
| Information technology | $465,804 |
| Royalties | $0 |
| Occupancy | $135,413 |
| Travel | $238,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,011 |
| Insurance | $40,711 |
| All other expenses | $0 |
| Total functional expenses | $5,207,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,292 |
| Savings and temporary cash investments | $1,581,744 |
| Pledges and grants receivable | $10,044 |
| Accounts receivable, net | $892,191 |
| 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 | $33,480 |
| Net Land, buildings, and equipment | $4,716,988 |
| Investments—publicly traded securities | $2,012,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,347,051 |
| Accounts payable and accrued expenses | $354,431 |
| Grants payable | $0 |
| Deferred revenue | $70,000 |
| 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 | $424,431 |
| Net assets without donor restrictions | $8,922,620 |
| 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 | $9,347,051 |
Grants Awarded
Over the last fiscal year, Marine Exchange Of Alaska Inc has awarded $37,904 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ELDRED ROCK LIGHTHOUSE PRESERVATIONASSOCIATION PURPOSE: PRESERVATION PROGRAM | $25,904 |
ALASKA OCEAN CENTER PURPOSE: CONSERVATION SUPPORT | $12,000 |