Civic Intelligence

Sherry'S Shippers Association Inc

EIN 83-2605317 • 501(c)6 • Arlington, TN

990-N Coverage

Profile

Sherry's shippers association was established to promote common business interests within the ocean carrier transportation industry on behalf of its members through collective negotiation to ensure cost effectiveness and equitable trade for the industry as a whole. The corporation shall engage in such other activities required to actively enhance and improve the ocean shipping and import/export trade industries, including the monitoring of legislative, regulatory notices, and related activities associated with the ocean shipping industry, including, but not limited to, periodic updates to its members and other interested industry participants, to be provided via various media formats, which may include blog posts, newsletter articles, webinars, and in-person seminars to further educate industry participants about changes in the industry.

11615 US Highway 70 Suite 108B 10Arlington, TN 38002

sherrysshippers.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

130.55x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

28.77x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-68%

Higher net margin than 9% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

100th percentile

8070%

Faster asset growth than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

40433%

Faster revenue growth than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$26,796

Up $26,468 (+8070%) from 2023

Liabilities

Up

$3,498,277

Up $109,218 (+3.2%) from 2023

Net Assets

Down

-$3,471,481

Down $82,750 (-2.4%) from 2023

Operations
Liabilities / Revenue100th percentileNet Margin9th percentile

Revenue

Up

$121,600

Up $121,300 (+40433%) from 2023

Expenses

Down

$204,350

Down $100,572 (-33%) from 2023

Net Income

Up

-$82,750

Up $221,872 (+73%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2019: $9,800Liabilities 2019: $1,430,355Net Assets 2019: -$1,420,5552019Assets 2020: $40,153Liabilities 2020: $2,314,218Net Assets 2020: -$2,274,0652020Assets 2021: $47,926Liabilities 2021: $2,728,206Net Assets 2021: -$2,680,2802021Assets 2022: $5,492Liabilities 2022: $3,089,601Net Assets 2022: -$3,084,1092022Assets 2023: $328Liabilities 2023: $3,389,059Net Assets 2023: -$3,388,7312023Assets 2024: $26,796Liabilities 2024: $3,498,277Net Assets 2024: -$3,471,4812024

Highlighted filing

2024

Assets$26,796
Liabilities$3,498,277
Net Assets-$3,471,481
Open 2024 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2019: $1,500,073Expenses 2019: $2,943,997Net Income 2019: -$1,443,9242019Revenue 2020: $155,984Expenses 2020: $1,009,494Net Income 2020: -$853,5102020Revenue 2021: $148,255Expenses 2021: $554,470Net Income 2021: -$406,2152021Revenue 2022: $117,900Expenses 2022: $521,729Net Income 2022: -$403,8292022Revenue 2023: $300Expenses 2023: $304,922Net Income 2023: -$304,6222023Revenue 2024: $121,600Expenses 2024: $204,350Net Income 2024: -$82,7502024

Highlighted filing

2024

Revenue$121,600
Expenses$204,350
Net Income-$82,750
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,796
Liabilities
$3,498,277
Net assets
-$3,471,481
Revenue
$121,600
Expenses
$204,350
Net income
-$82,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$3.50$3.47$0.12$0.20$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.00$3.39$3.39$0.00$0.30$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.01$3.09$3.08$0.12$0.52$0.40
2021Detailed filing. Detailed filing data is available for this year.$0.05$2.73$2.68$0.15$0.55$0.41
2020Detailed filing. Detailed filing data is available for this year.$0.04$2.31$2.27$0.16$1.01$0.85
2019Summary only. Only limited summary data is available for this year.$0.01$1.43$1.42$1.50$2.94$1.44
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$121,600
Mission and Program Overview

Mission

Sherry's shippers association was established to promote common business interests within the ocean carrier transportation industry on behalf of its members through collective negotiation to ensure cost effectiveness and equitable trade for the industry as a whole. The corporation shall engage in such other activities required to actively enhance and improve the ocean shipping and import/export trade industries, including the monitoring of legislative, regulatory notices, and related activities associated with the ocean shipping industry, including, but not limited to, periodic updates to its members and other interested industry participants, to be provided via various media formats, which may include blog posts, newsletter articles, webinars, and in-person seminars to further educate industry participants about changes in the industry.

Program Services

DescriptionGrantsExpenses
PROGRAM SERVICES CONSIST OF NEGOTIATING AND MANAGING TRANSPORATION SERVICES ON BEHALF OF ITS BENEFICIAL CARGO OWNER MEMBER SHIPPERS WITH OCEAN CARRIER TRANSPORTATION COMPANIES THAT ARE RETAINED TO TRANSPORT PRODUCTS BEING SHIPPED TO THE UNITED STATES ON BEHALF OF FOREIGN MANUFACTURERS AND OTHER FOREIGN SHIPPERS. THE CORPORATION SHALL ENGAGE IN SUCH OTHER ACTIVITIES REQUIRED TO ACTIVELY ENHANCE AND IMPROVE THE OCEAN SHIPPING AND IMPORT/EXPORT TRADE INDUSTRIES, INCLUDING THE MONITORING OF LEGISLATIVE, REGULATORY NOTICES, AND RELATED ACTIVITIES ASSOCIATED WITH THE OCEAN SHIPPING INDUSTRY, INCLUDING, BUT NOT LIMITED TO, PERIODIC UPDATES TO ITS MEMBERS AND OTHER INTERESTED INDUSTRY PARTICIPANTS, TO BE PROVIDED VIA VARIOUS MEDIA FORMATS, WHICH MAY INCLUDE BLOG POSTS, NEWSLETTER ARTICLES, WEBINARS, AND IN-PERSON SEMINARS TO FURTHER EDUCATE INDUSTRY PARTICIPANTS ABOUT CHANGES IN THE INDUSTRY.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
IRVING DWIGHT BARKER JRDirector-$0--
ANTAO CHIENDirector-$0--
JOHN KENT SHELTONDirector-$0--
CLIVE WUPresident-$0--
SCOTT BALESSecretary-$0--
Political and Lobbying Activity
In-house lobbying only
No
Filing and Contact Details

Filer

Filer Name
SHERRY'S SHIPPERS ASSOCIATION INC
EIN
83-2605317
Phone
8004190095
Address
11615 US HIGHWAY 70 SUITE 108B 10, ARLINGTON, TN 38002

Signing Officer

Name
John Kent Shelton
Title
Director
Phone
8004190095
Signed
2025-05-07
Discuss with paid preparer
Yes

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Jonathan J Lovelace CPA
Phone
9017613003
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: transportation fees. Amount: 24,700. Description: information technology. Amount: 3,600. Description: interest. Amount: 172,719. Description: bank fees. Amount: 2,062. Description: taxes and licenses. Amount: 19. Total to form 990-ez, line 16: 203,100.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 12,667.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 300. End of year amount: 2,850. Description: deferred revenue. Beg. Of year amount: 50. End of year amount: 0. Description: payables to current and former officers, drectors, trustees, etc.. Beg. Of year amount: 10,000. End of year amount: 10,000. Description: unsecured notes and loans payable. Beg. Of year amount: 3,378,709. End of year amount: 3,485,427.”

Raw XML Appendix163 raw XML fields

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

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt012667
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0203100
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0SHERRY'S SHIPPERS ASSOCIATION WAS ESTABLISHED TO PROMOTE COMMON BUSINESS INTERESTS WITHIN THE OCEAN CARRIER TRANSPORTATION INDUSTRY ON BEHALF OF ITS MEMBERS THROUGH COLLECTIVE NEGOTIATION TO ENSURE COST EFFECTIVENESS AND EQUITABLE TRADE FOR THE INDUSTRY AS A WHOLE. THE CORPORATION SHALL ENGAGE IN SUCH OTHER ACTIVITIES REQUIRED TO ACTIVELY ENHANCE AND IMPROVE THE OCEAN SHIPPING AND IMPORT/EXPORT TRADE INDUSTRIES, INCLUDING THE MONITORING OF LEGISLATIVE, REGULATORY NOTICES, AND RELATED ACTIVITIES ASSOCIATED WITH THE OCEAN SHIPPING INDUSTRY, INCLUDING, BUT NOT LIMITED TO, PERIODIC UPDATES TO ITS MEMBERS AND OTHER INTERESTED INDUSTRY PARTICIPANTS, TO BE PROVIDED VIA VARIOUS MEDIA FORMATS, WHICH MAY INCLUDE BLOG POSTS, NEWSLETTER ARTICLES, WEBINARS, AND IN-PERSON SEMINARS TO FURTHER EDUCATE INDUSTRY PARTICIPANTS ABOUT CHANGES IN THE INDUSTRY.
IRS990EZ/ProgramServiceRevenueAmt0121600
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROGRAM SERVICES CONSIST OF NEGOTIATING AND MANAGING TRANSPORATION SERVICES ON BEHALF OF ITS BENEFICIAL CARGO OWNER MEMBER SHIPPERS WITH OCEAN CARRIER TRANSPORTATION COMPANIES THAT ARE RETAINED TO TRANSPORT PRODUCTS BEING SHIPPED TO THE UNITED STATES ON BEHALF OF FOREIGN MANUFACTURERS AND OTHER FOREIGN SHIPPERS. THE CORPORATION SHALL ENGAGE IN SUCH OTHER ACTIVITIES REQUIRED TO ACTIVELY ENHANCE AND IMPROVE THE OCEAN SHIPPING AND IMPORT/EXPORT TRADE INDUSTRIES, INCLUDING THE MONITORING OF LEGISLATIVE, REGULATORY NOTICES, AND RELATED ACTIVITIES ASSOCIATED WITH THE OCEAN SHIPPING INDUSTRY, INCLUDING, BUT NOT LIMITED TO, PERIODIC UPDATES TO ITS MEMBERS AND OTHER INTERESTED INDUSTRY PARTICIPANTS, TO BE PROVIDED VIA VARIOUS MEDIA FORMATS, WHICH MAY INCLUDE BLOG POSTS, NEWSLETTER ARTICLES, WEBINARS, AND IN-PERSON SEMINARS TO FURTHER EDUCATE INDUSTRY PARTICIPANTS ABOUT CHANGES IN THE INDUSTRY.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: TRANSPORTATION FEES. AMOUNT: 24,700. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 3,600. DESCRIPTION: INTEREST. AMOUNT: 172,719. DESCRIPTION: BANK FEES. AMOUNT: 2,062. DESCRIPTION: TAXES AND LICENSES. AMOUNT: 19. TOTAL TO FORM 990-EZ, LINE 16: 203,100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 12,667.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 300. END OF YEAR AMOUNT: 2,850. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 50. END OF YEAR AMOUNT: 0. DESCRIPTION: PAYABLES TO CURRENT AND FORMER OFFICERS, DRECTORS, TRUSTEES, ETC.. BEG. OF YEAR AMOUNT: 10,000. END OF YEAR AMOUNT: 10,000. DESCRIPTION: UNSECURED NOTES AND LOANS PAYABLE. BEG. OF YEAR AMOUNT: 3,378,709. END OF YEAR AMOUNT: 3,485,427.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN KENT SHELTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08004190095
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERRY'S SHIPPERS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0832605317
ReturnHeader/Filer/PhoneNum08004190095
ReturnHeader/Filer/USAddress/AddressLine1Txt011615 US HIGHWAY 70 SUITE 108B 10
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038002
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261180446
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE MARSTON GROUP PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01661 INTERNATIONAL DRIVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09017613003
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN J LOVELACE CPA
ReturnHeader/ReturnTs02025-05-14T12:50:15-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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