Pacific Maritime Association
- Assets
- $1.3b
- Revenue
- $185.8m
- Investments
- $0.0
- Employees
- 140
- Location
- San Francisco, CA
- Founding
- Data as of
- 06/2023
- EIN
- 94-2914940
Organization Overview
Pacific Maritime Association is located in San Francisco, CA. As of 06/2023, Pacific Maritime Association employed 140 individuals. Pacific Maritime Association 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 06/2023, Pacific Maritime Association generated $185.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $175.0m during the year ending 06/2023. While expenses have increased by 4.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO NEGOTIATE AND ADMINISTER MARITIME LABOR AGREEMENTS WITH THE INTERNATIONAL LONGSHORE & WAREHOUSE UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEGOTIATING AND ADMINISTERING LABOR AGREEMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mckenna CEO | Officer | 40 | $1,286,274 |
Craig Epperson Svp, Secretary & Gen. Counsel | Officer | 40 | $883,048 |
Michael Wechsler SVP Finance & Admin/cfo | Officer | 40 | $799,786 |
Stephen Hennessey SVP Labor Relations, COO | Officer | 40 | $753,963 |
Kenneth Chad Lindsay VP Labor Relations | 40 | $427,526 | |
William Bartelson Vp, Contract Adm & Arb | 40 | $387,918 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis Bockius Llp Legal Services | 6/29/23 | $5,855,414 |
Pacific Merchant Shipping Associati Support Services | 6/29/23 | $2,372,000 |
Seyfarth Shaw Llp Legal Services | 6/29/23 | $2,474,481 |
Procase Consulting Inc Support Services | 6/29/23 | $2,411,000 |
Aon Consulting Actuarial Services | 6/29/23 | $2,260,429 |
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 | $167,508,721 |
| Investment income | $252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,777,942 |
| 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. | $4,777,377 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,433,135 |
| Pension plan accruals and contributions | $1,296,490 |
| Other employee benefits | $4,163,166 |
| Payroll taxes | $1,501,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,653,819 |
| Fees for services: Accounting | $351,470 |
| Fees for services: Lobbying | $355,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,045,584 |
| Advertising and promotion | $0 |
| Office expenses | $1,884,323 |
| Information technology | $1,933,690 |
| Royalties | $0 |
| Occupancy | $3,242,776 |
| Travel | $2,078,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $548,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,369,342 |
| Insurance | $1,293,328 |
| All other expenses | $1,391,934 |
| Total functional expenses | $175,005,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,638,745 |
| Savings and temporary cash investments | $824,619,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $293,971,472 |
| 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 | $2,488,806 |
| Net Land, buildings, and equipment | $41,623,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,438,987 |
| Total assets | $1,280,781,130 |
| Accounts payable and accrued expenses | $36,940,434 |
| 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 | $13,172 |
| Other liabilities | $1,163,697,524 |
| Total liabilities | $1,200,651,130 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $80,130,000 |
| 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 | $1,280,781,130 |