Civic Intelligence

Virginia Maritime Association

990 • Fiscal year 2015 • EIN 54-0238120

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 02, 2016

236 East Plume StreetNorfolk, VA 23514-3487

(757) 622-2639

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.11x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

56th percentile

0.23x

Higher debt load relative to revenue than 56% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

4th percentile

-26%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$392,491

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 48.3% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-54%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,632,793

Down $240,307 (-13%) from 2014

Net Assets

Down

$1,447,645

Down $207,379 (-13%) from 2014

Liabilities

Down

$185,148

Down $32,928 (-15%) from 2014

Revenue

Down

$812,052

Down $936,386 (-54%) from 2014

Expenses

Down

$1,019,431

Down $773,882 (-43%) from 2014

Net Income

Down

-$207,379

Down $162,504 (-362%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,070,966Liabilities 2010: $230,584Net Assets 2010: $1,840,3822010Assets 2011: $2,207,154Liabilities 2011: $275,205Net Assets 2011: $1,931,9492011Assets 2012: $2,353,731Liabilities 2012: $493,271Net Assets 2012: $1,860,4602012Assets 2013: $1,857,634Liabilities 2013: $157,735Net Assets 2013: $1,699,8992013Assets 2014: $1,873,100Liabilities 2014: $218,076Net Assets 2014: $1,655,0242014Assets 2015: $1,632,793Liabilities 2015: $185,148Net Assets 2015: $1,447,6452015Assets 2016: $1,366,630Liabilities 2016: $170,641Net Assets 2016: $1,195,9892016Assets 2017: $1,606,812Liabilities 2017: $666,563Net Assets 2017: $940,2492017Assets 2018: $1,261,252Liabilities 2018: $491,107Net Assets 2018: $770,1452018Assets 2019: $2,260,137Liabilities 2019: $1,651,046Net Assets 2019: $609,0912019Assets 2020: $2,537,859Liabilities 2020: $2,301,396Net Assets 2020: $236,4632020Assets 2021: $2,448,779Liabilities 2021: $2,157,656Net Assets 2021: $291,1232021Assets 2022: $2,447,151Liabilities 2022: $2,293,752Net Assets 2022: $153,3992022Assets 2023: $2,732,109Liabilities 2023: $2,754,255Net Assets 2023: -$22,1462023Assets 2024: $2,658,422Liabilities 2024: $2,901,191Net Assets 2024: -$242,7692024

Highlighted filing

2015

Assets$1,632,793
Liabilities$185,148
Net Assets$1,447,645

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $649,3852010Expenses 2011: $694,0732011Expenses 2012: $674,3832012Expenses 2013: $1,035,9502013Revenue 2014: $1,748,438Expenses 2014: $1,793,313Net Income 2014: -$44,8752014Revenue 2015: $812,052Expenses 2015: $1,019,431Net Income 2015: -$207,3792015Revenue 2016: $846,654Expenses 2016: $1,098,310Net Income 2016: -$251,6562016Revenue 2017: $1,168,903Expenses 2017: $1,424,643Net Income 2017: -$255,7402017Revenue 2018: $1,337,871Expenses 2018: $1,507,975Net Income 2018: -$170,1042018Revenue 2019: $1,215,093Expenses 2019: $1,369,075Net Income 2019: -$153,9822019Revenue 2020: $1,114,259Expenses 2020: $1,548,571Net Income 2020: -$434,3122020Revenue 2021: $2,548,472Expenses 2021: $2,233,821Net Income 2021: $314,6512021Revenue 2022: $2,423,439Expenses 2022: $2,147,688Net Income 2022: $275,7512022Revenue 2023: $2,490,508Expenses 2023: $2,356,914Net Income 2023: $133,5942023Revenue 2024: $2,766,778Expenses 2024: $3,300,507Net Income 2024: -$533,7292024

Highlighted filing

2015

Revenue$812,052
Expenses$1,019,431
Net Income-$207,379
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$1,117,091
Mission and Program Overview

Mission

Promote, protect, and encourage the interests of commercial shipping in the port of hampton roads.

Promote and protect commercial shipping in hampton roads

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,324,547$1,273,171▼ $51,376
Cash and Non-Interest-Bearing Accounts$398,174$192,147▼ $206,027
Accounts Receivable$109,603$111,313▲ $1,710
Prepaid Expenses and Deferred Charges$29,515$44,853▲ $15,338
Savings and Temporary Cash Investments$11,261$11,309▲ $48
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,873,100$1,632,793▼ $240,307
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$78,773$104,695▲ $25,922
Deferred Revenue$139,303$80,453▼ $58,850
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$218,076$185,148▼ $32,928
Net Assets / Fund Balance
Unrestricted Net Assets$1,655,024$1,447,645▼ $207,379
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,655,024$1,447,645▼ $207,379
Total Liabilities and Net Assets / Fund Balance$1,873,100$1,632,793▼ $240,307

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,221,188$468,805$1,689,993
Land$51,983-$51,983
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arthur W Moye JrExec VP and SecretaryPT$97,939$120,166$218,105
W Bill FranksDirector--$4,268$4,268
Raymond NewlonPresident--$2,580$2,580

Board Members and Trustees

NameTitle
Shirley G RoebuckChairman of the Board
Joseph a Dorto1st Vice President
Jeffrey S Heller2nd Vice President
Michael Coleman3rd Vice President
Bryan M RhodeDirector
Cees Van De MortelDirector
Christopher StuartDirector
Dr Joseph BouchardDirector
Eric Rangel-ribeiroDirector
Evelyn SuarezDirector
Frank BorumDirector
George E WatkinsDirector
George H BrownDirector
Homer a Crane JrDirector
J William CoferDirector
Jeffrey G YatesDirector
Joseph DematteoDirector
Kenneth CroftonDirector
Kevin BulmanDirector
Lang WilliamsDirector
Mark T CoberlyDirector
Mark VantyDirector
Murray BishopDirector
Robert D KelsoDirector
Roger J GeisingerDirector
Rolf a WilliamsDirector
Scott WheelerDirector
Thomas P Host IiiDirector
Thomas W Godfrey JrDirector
W Dewey HurleyDirector
William R DouglasDirector
Keith HeltonAssistant Treasurer
Judy M BarrettTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$356,695
Program Service Revenue
$249,103
Investment Income
$63
Other Revenue
$206,191
All Other Contributions
$50,000
Change in Net Assets
$-207,379

Audited Revenue Reconciliation

Revenue per Audited Statements
$812,052
Revenue Not Reported on Form 990
$346,399
Total Revenue per Audited Statements
$1,158,451
Total Revenue per Form 990
$812,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$559,248
Other Expenses$448,283
Grants and Similar Amounts Paid$11,900
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$257,536
Current Officers, Directors, Trustees, and Key Employees---$143,080
Pension Plan Contributions---$79,281
Depreciation Depletion---$78,148
Occupancy---$72,477
Other Employee Benefits---$53,162
Fees for Services Lobbying---$51,258
Other Expenses---$47,151
Fees for Services Accounting---$45,100
Travel---$36,058
Payroll Taxes---$26,189
Office Expenses---$15,484
Grants to Domestic Orgs---$11,900
All Other Expenses---$11,191
Fees for Services Legal---$7,833
Total Functional Expenses$0$0$0$1,019,431

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,365,830
Expenses per Audited Statements$1,019,431
Total Expenses per Form 990$1,019,431
Expenses Not Reported on Form 990$346,399
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$364,945
Fundraising Direct Expenses$305,039
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Banquet$121,150$121,150$84,186$36,964
INT'l TRADE SYM$116,560$116,560$82,805$33,755
Total Events$364,945$364,945$305,039$59,906
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$51,258
Total Nondeductible Lobbying and Political Cost$51,258
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Virginia Maritime Association
EIN
54-0238120
In Care Of
% ARTHUR W MOYE JR
Address
236 EAST PLUME STREET, NORFOLK, VA 23514-3487

Signing Officer

Name
Arthur W Moye Jr
Title
Executive Vice President
Phone
7576222639
Signed
2016-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur W Moye Jr
Formed
1920
Legal Domicile
Va
Voting Board Members
36
Independent Board Members
34
Employees
13

Preparer

Firm
McPhillips Roberts & Deans PLC
Address
150 Boush Street Suite 1100, Norfolk, VA 23510
Preparer
Jason Deans
Phone
7576407190
Supplemental Narrative

Additional Explanations

Governing Body Membership

Members confirm and approve the slate of officers and directors at the annual meeting of the association. Specific actions require approval by vote of the membership.

Form 990 Review

The executive committee and the board of directors review form 990 before the association files the return with the internal revenue service.

Compensation

The executive committee and the compensation committee review and determine the compensation of association's top management official and other officers.

Disclosure

The governing documents and financial statements are available to the public upon request.

Financial Statement Notes

Donated Services and Direct Fundraising Expenses

Revenues and expenses included financial statements but not reported on form 990 include donated services and legal services of $41,360 [part xi, line 2] and direct fundraising expenses of $305,039 [part xii line 2d and part xiii line 2d].

Sch D, Part X, Line 2 - Fin 48 Footnote

Management continually evaluates tax positions reflected in the association's tax filings and does not believe that any material uncertain tax positions exist.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm5DR JOSEPH BOUCHARD
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IRS990/Form990PartVIISectionAGrp/PersonNm26KENNETH CROFTON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt102ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt343RD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt35EXEC VP AND SECRETARY
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.66$2.90$0.24$2.77$3.30$0.53
2023Detailed filing. Detailed filing data is available for this year.$2.73$2.75$0.02$2.49$2.36$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$2.29$0.15$2.42$2.15$0.28
2021Detailed filing. Detailed filing data is available for this year.$2.45$2.16$0.29$2.55$2.23$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.54$2.30$0.24$1.11$1.55$0.43
2019Detailed filing. Detailed filing data is available for this year.$2.26$1.65$0.61$1.22$1.37$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.49$0.77$1.34$1.51$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.61$0.67$0.94$1.17$1.42$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.37$0.17$1.20$0.85$1.10$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.63$0.19$1.45$0.81$1.02$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.87$0.22$1.66$1.75$1.79$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.16$1.70$1.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.49$1.86$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.28$1.93$0.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.23$1.84$0.65