Civic Intelligence

Nexus Shippers Association Inc

EIN 83-4322239 • 501(c)6 • Arlington, TN

Profile

Nexus 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 Hwy 70 Suite 108B 126Arlington, TN 38002

nexusshippers.com

Siviq Scores

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

Liabilities / Assets

100th percentile

31.01x

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

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$963

Up $137 (+17%) from 2022

Liabilities

Up

$29,859

Up $6,016 (+25%) from 2022

Net Assets

Down

-$28,896

Down $5,879 (-26%) from 2022

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Down

$5,879

Down $3,200 (-35%) from 2022

Net Income

Up

-$5,879

Up $3,200 (+35%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

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

$40K$20K$0-$20K-$40KAssets 2019: $1,922Liabilities 2019: $5,242Net Assets 2019: -$3,3202019Assets 2020: $1,487Liabilities 2020: $5,547Net Assets 2020: -$4,0602020Assets 2021: $1,272Liabilities 2021: $15,210Net Assets 2021: -$13,9382021Assets 2022: $826Liabilities 2022: $23,843Net Assets 2022: -$23,0172022Assets 2023: $963Liabilities 2023: $29,859Net Assets 2023: -$28,8962023

Highlighted filing

2023

Assets$963
Liabilities$29,859
Net Assets-$28,896
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10K$5.0K$0-$5.0K-$10KRevenue 2019: $0Expenses 2019: $3,320Net Income 2019: -$3,3202019Revenue 2020: $0Expenses 2020: $740Net Income 2020: -$7402020Revenue 2021: $0Expenses 2021: $9,878Net Income 2021: -$9,8782021Revenue 2022: $0Expenses 2022: $9,079Net Income 2022: -$9,0792022Revenue 2023: $0Expenses 2023: $5,879Net Income 2023: -$5,8792023

Highlighted filing

2023

Revenue$0
Expenses$5,879
Net Income-$5,879
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$963
Liabilities
$29,859
Net assets
-$28,896
Revenue
$0
Expenses
$5,879
Net income
-$5,879
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.96$29.9$28.9$0.00$5.88$5.88
2022Detailed filing. Detailed filing data is available for this year.$0.83$23.8$23.0$0.00$9.08$9.08
2021Detailed filing. Detailed filing data is available for this year.$1.27$15.2$13.9$0.00$9.88$9.88
2020Detailed filing. Detailed filing data is available for this year.$1.49$5.55$4.06$0.00$0.74$0.74
2019Summary only. Only limited summary data is available for this year.$1.92$5.24$3.32$0.00$3.32$3.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Nexus 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.

Nexus 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$826$963▲ $137
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-23,017$-28,896▼ $5,879
Total Assets$826$963▲ $137
Liabilities
Unsecured Notes Loans Payable$23,843$29,859▲ $6,016
Total Liabilities$23,843$29,859▲ $6,016
Net Assets / Fund Balance
Total Net Assets Fund Balance$-23,017$-28,896▼ $5,879
Total Liabilities and Net Assets / Fund Balance$826$963▲ $137
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Clive WuPresident
Antao ChienDirector
Irving Dwight Barker JrDirector
John Kent SheltonDirector
Scott BalesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-5,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$3,343-$3,343
Interest-$1,516-$1,516
Fees for Services Accounting-$1,000-$1,000
Other Expenses-$20-$20
Total Functional Expenses$0$5,879$0$5,879
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Each of the officers and directors of nexus shippers association, inc. Are also the officers and directors of the following shipping associations: proximate shippers association, inc. & sherry's shippers association, inc.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is submitted to the organization's board of directors for review and approval before filing.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Nexus Shippers Association Inc
EIN
83-4322239
Phone
8888163987
Address
11615 US HWY 70 SUITE 108B 126, ARLINGTON, TN 38002

Signing Officer

Name
John Kent Shelton
Title
Director
Phone
8888163987
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Kent Shelton
Formed
2019
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Jonathan J Lovelace CPA
Phone
9017613003
Raw XML Appendix291 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.

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IRS990/MissionDesc0NEXUS 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH OF THE OFFICERS AND DIRECTORS OF NEXUS SHIPPERS ASSOCIATION, INC. ARE ALSO THE OFFICERS AND DIRECTORS OF THE FOLLOWING SHIPPING ASSOCIATIONS: PROXIMATE SHIPPERS ASSOCIATION, INC. & SHERRY'S SHIPPERS ASSOCIATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS SUBMITTED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
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ReturnHeader/BusinessOfficerGrp/PhoneNum08888163987
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEXUS SHIPPERS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEXU
ReturnHeader/Filer/EIN0834322239
ReturnHeader/Filer/PhoneNum08888163987
ReturnHeader/Filer/USAddress/AddressLine1Txt011615 US HWY 70 SUITE 108B 126
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038002
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN J LOVELACE CPA
ReturnHeader/ReturnTs02024-05-15T11:08:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KENT SHELTON
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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