Marine Exchange Of Alaska Inc
- Assets
- $8.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Juneau, AK
- Founding
- 03/2002
- Data as of
- 12/2021
- 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 12/2021, Marine Exchange Of Alaska Inc employed 24 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 12/2021, Marine Exchange Of Alaska Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. 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
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 ON LINE 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 GUARDS 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.
PACIFIC MARITIME MANAGEMENT SERVICES (PACMMS) PROVIDES SEA TRAFFIC MANAGEMENT FOR VESSELS CALLING ON PORTS IN CALIFORNIA. PACMMS CALCULATES ARRIVAL TIMES USING LAST PORT OF CALL INFORMATION AND INDUSTRY ACCEPTED VESSEL SPEEDS TO PREDICT ARRIVAL TIMES, WHICH IS THEN SHARED WITH PORT STAKEHOLDERS TO MAKE CARGO OPERATIONS MORE EFFICIENT. BENEFITS OF THE PROGRAM INCLUDE REDUCED EMISSIONS AND INCREASED FUEL EFFICIENCY FOR VESSELS AS WELL AS IMPROVED SAFETY. COASTAL COMMUNITIES BENEFIT FROM REDUCED NEARSHORE POLLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Captain Edward Page Executive Di | Officer | 40 | $144,456 |
Matthew York Deputy Direc | Officer | 40 | $130,460 |
John Hollingsworth Chief Operat | 40 | $127,080 | |
Kenneth Phillips Compliance M | 40 | $117,200 | |
Edwin Mayer III Engineering | 40 | $114,208 | |
Shawn Mauldin Chief Soluti | 40 | $114,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,134 |
| 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 | $64,134 |
| Total Program Service Revenue | $4,327,062 |
| Investment income | $34,412 |
| 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 | $621 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,462,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,426 |
| 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. | $355,849 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,753,663 |
| Pension plan accruals and contributions | $247,494 |
| Other employee benefits | $128,378 |
| Payroll taxes | $164,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,971 |
| Advertising and promotion | $7,225 |
| Office expenses | $53,190 |
| Information technology | $302,483 |
| Royalties | $0 |
| Occupancy | $96,660 |
| Travel | $154,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,670 |
| Insurance | $33,543 |
| All other expenses | $0 |
| Total functional expenses | $4,044,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,848 |
| Savings and temporary cash investments | $248,560 |
| Pledges and grants receivable | $22,583 |
| Accounts receivable, net | $1,265,607 |
| 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 | $4,661,827 |
| Investments—publicly traded securities | $1,974,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,383,589 |
| Accounts payable and accrued expenses | $283,518 |
| 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 | $283,518 |
| Net assets without donor restrictions | $8,100,071 |
| 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 | $8,383,589 |
Grants Awarded
Over the last fiscal year, Marine Exchange Of Alaska Inc has awarded $37,904 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Haines, AK PURPOSE: PRESERVATION PROGRAM | $25,904 |
Juneau, AK PURPOSE: CONSERVATION SUPPORT | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marine Exchange Of Alaska Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
World Wildlife Fund Inc Washington, DC PURPOSE: CONSERVATION | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alaska Chadux Corporation Inc Anchorage, AK | $7,772,338 | $9,900,987 |
Northwest Insulation Workers Welfare Trust Seattle, WA | $27,184,053 | $9,687,519 |
Marine Exchange Of Alaska Inc Juneau, AK | $8,383,589 | $4,462,683 |
Ertv Compliance Group Seattle, WA | $560,337 | $3,284,269 |
Sustainable Connections Bellingham, WA | $2,209,817 | $2,419,426 |
Unkitawa Des Moines, WA | $2,689,083 | $3,912,982 |
International Association Of Heat & Frost Insulators & Allied Workers Tukwila, WA | $5,022,485 | $2,260,416 |
Environmental Coalition Of South Seattle Seattle, WA | $1,779,546 | $1,552,155 |
Building Transparency Seattle, WA | $0 | $832,241 |
Southeast Alaska Petroleum Resource Organization Ketchikan, AK | $1,662,134 | $837,377 |
Cook Inletkeeper Homer, AK | $443,342 | $1,161,000 |
Alaska Community Action On Toxics Anchorage, AK | $717,494 | $1,683,829 |