New York Shipping Association Inc
501(c)(6)
Strong reserves
New York Shipping Association Inc is a 501(c)(6) organization based in Edison, New Jersey, registered in 1958, with $320,699,294 in FY2024 revenue.
333 Thornall St Ste 3a, Edison, NJ, 08837 EIN 13-5637319 Since 1958
Revenue (FY2024)
$320.7M
▼ 4.3% vs prior year
Expenses (FY2024)
$267.5M
Net assets
$421.4M
Employees
30
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New York Shipping Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New York Shipping Association Inc: 19 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New York Shipping Association Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New York Shipping Association Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To represent the interests of its members in maximizing the efficiency, cost-competitiveness, safety and quality of marine cargo operations in the port of new york and new jersey.
Contact & location
- Address
- 333 Thornall St Ste 3a, Edison, NJ, 08837
- City
- Edison
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $242.3M (FY2013) to $320.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.7MNet assets $421.4M
Operating margin
16.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$448.1M
Total liabilities
$26.7M
Net assets
$421.4M
Salaries & benefits
$7.0M
3% of expenses
Board members
16
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $320,699,294▼4.3% | $267,481,771▲14.4% | $421,399,875▲15.8% | $448,079,105▲14.9% | 990 |
| 2023 | $335,003,935▲10.6% | $233,857,375▲1.6% | $363,863,594▲41.0% | $390,064,561▲36.3% | 990 |
| 2022 | $302,784,296▼13.5% | $230,089,362▼25.1% | $258,117,895▲42.7% | $286,171,649▲34.6% | 990 |
| 2021 | $349,983,408▲8.5% | $307,335,681▲4.8% | $180,841,020▲31.4% | $212,638,251▲23.6% | 990 |
| 2020 | $322,473,763▲19.6% | $293,321,872▲4.7% | $137,663,529▲40.0% | $171,986,612▲24.0% | 990 |
| 2019 | $269,600,667▼6.1% | $280,160,243▲4.2% | $98,315,756▼10.7% | $138,753,906▼6.0% | 990 |
| 2018 | $287,168,908▲4.1% | $268,961,922▼1.1% | $110,078,758▲9.9% | $147,616,548▲13.0% | 990 |
| 2017 | $275,756,764▲5.0% | $271,877,537▲1.3% | $100,162,916▲11.1% | $130,617,100▲2.6% | 990 |
| 2016 | $262,730,644▲3.3% | $268,301,256▲4.9% | $90,194,786▼0.6% | $127,269,766▼3.0% | 990 |
| 2015 | $254,398,854▼3.6% | $255,771,764▼2.5% | $90,759,076▼2.6% | $131,232,230▼2.7% | 990 |
| 2014 | $263,961,789▲9.0% | $262,428,682▲2.7% | $93,146,259▼0.4% | $134,838,191▲1.1% | 990 |
| 2013 | $242,260,700 | $255,527,601▲6.9% | $93,483,458▼14.5% | $133,352,632▼8.7% | 990 |
| 2012 | — | $239,049,674▲2.8% | $109,396,525▲16.3% | $146,034,076▲8.8% | 990 |
| 2011 | — | $232,479,087▲0.8% | $94,031,325▲35.7% | $134,194,591▲19.0% | 990 |
| 2010 | — | $230,564,513▼2.3% | $69,299,824▲52.1% | $112,773,124▲31.1% | 990 |
| 2009 | — | $236,069,450 | $45,557,373 | $86,002,309 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Nardi John — $456,017 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nardi John | President | 40 | $456,017 |
| Winfree Susan | Vp of Workforce Development | 40 | $345,556 |
| Massaro Daniel | Cfo | 40 | $336,689 |
| Pessel Steven | Dir of Information Technologies | 40 | $249,823 |
| Barattini Thomas M | Dir of Workforce Development | 40 | $248,383 |
| Gupta Deepak | Senior Programmer | 40 | $241,677 |
| Cobb James H | Dir of Government Affairs | 40 | $224,109 |
| Wescott Christopher | Manager, Operations | 40 | $214,018 |
| Monahan Sharin | Dir of Training & Safety | 40 | $204,363 |
| Atkins John | Board Member | 1 | — |
| Chiang Leo | Board Member | 1 | — |
| Derby Michael | Board Member | 1 | — |
| Engel Thomas | Board Member | 1 | — |
| Ferrer Louis Capt | Board Member | 1 | — |
| Houghtalin James | Board Member | 1 | — |
| Hsu Mitchell | Board Member | 1 | — |
| Lee Wen Jin | Board Member | 1 | — |
| Mastandrea Peter | Board Member | 1 | — |
| Milazzo Robert | Board Member | 1 | — |
| Mittenzwei Kurt | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Lambos Firm LLP | Legal Services | $445,496 |
| Grant Thornton LLP | Auditing Services | $124,976 |
Frequently asked questions
- Is New York Shipping Association Inc a legitimate nonprofit?
- Yes. New York Shipping Association Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 13-5637319, based in Edison, New Jersey.
- What is New York Shipping Association Inc's EIN?
- New York Shipping Association Inc's Employer Identification Number (EIN) is 13-5637319.
- How much revenue does New York Shipping Association Inc report?
- New York Shipping Association Inc reported $320,699,294 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does New York Shipping Association Inc's highest-paid employee make?
- The highest reported compensation on New York Shipping Association Inc's latest Form 990 is $456,017, paid to Nardi John (President).
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Explore more
Data for New York Shipping Association Inc (EIN 13-5637319) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.