Civic Intelligence

Bimco Americas

990 • Fiscal year 2022 • EIN 88-2889175

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

Organization ProfileBIMCO.ORG

View Organization Page

12848 Queensbury Lane Suite 208Houston, TX 77024

(713) 501-9800

Siviq Scores

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

Liabilities / Assets

97th percentile

1.00x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.26x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

44th percentile

0.0%

Higher net margin than 44% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

$47,752

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$47,752

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin44th percentile

Revenue

$187,249

No earlier filing loaded for comparison.

Expenses

$187,249

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150K$100K$50K$0Assets 2022: $47,752Liabilities 2022: $47,752Net Assets 2022: $02022Assets 2024: $103,144Liabilities 2024: $103,144Net Assets 2024: $02024

Highlighted filing

2022

Assets$47,752
Liabilities$47,752
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2022: $187,249Expenses 2022: $187,249Net Income 2022: $02022Revenue 2024: $371,436Expenses 2024: $371,436Net Income 2024: $02024

Highlighted filing

2022

Revenue$187,249
Expenses$187,249
Net Income$0
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$187,249
Mission and Program Overview

Mission

Bimco's mission to be at the forefront of global developments in shipping, providing expert knowledge, training,education, and practical advice to safeguard and add value to our members' businesses.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$47,752-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$47,752▲ $47,752
Liabilities
Other Liabilities$0$47,752▲ $47,752
Total Liabilities$0$47,752▲ $47,752
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$47,752▲ $47,752
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Thomas DamsgardChair
Michael LundSecretary
Mai VedelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$182,410
Investment Income
$0
Other Revenue
$4,839
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$135,808
Other Expenses$51,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$135,808--$135,808
Advertising$14,717--$14,717
Travel$13,362--$13,362
Occupancy$6,848--$6,848
All Other Expenses$1,071--$1,071
Other Expenses$904--$904
Office Expenses$656--$656
Total Functional Expenses$187,249$0$0$187,249
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Account Bimco$47,536
Travel & Business Expense Advance$216
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 6

“Bimco is a membership association. The requirements for entities to qualify for membership of bimco are set out in rule 5 (membership) of the bimco rules which also lists the different categories of members, i.e. Owner, broker, agency, club and associate. Admittance as member is subject to vetting and approval of bimco's executive committee. All membership is on a voluntary basis.”

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

“The governing body reviews the completed 990 prior to filling.”

Form 990, Part VI, Section B, Line 12C

“Bimco's conflict of interest policy is included in the code of ethics and compliance with the code of ethics is monitered and enforced by the directors.”

Form 990, Part VI, Section B, Line 15

“Annual review by parent company in accordance with employment terms and performance review.”

Form 990, Part VI, Section C, Line 19

“The organization does not make the governing documents, conflict of interest policy or financial statements available to to the public. The form 990 is available for public inspection upon written request.”

Filing and Contact Details

Filer

Filer Name
Bimco Americas
EIN
88-2889175
Phone
7135019800
Address
12848 QUEENSBURY LANE SUITE 208, HOUSTON, TX 77024

Signing Officer

Name
Thomas Damsgaard
Title
Chair
Phone
7135019800
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Damsgaard
Formed
2022
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
2
Volunteers
0

Preparer

Firm
Abip Pc
Address
1717 SAINT JAMES PLACE STE 500, HOUSTON, TX 77056
Preparer
Richard Dyo CPA
Phone
7139542002
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“To be at the forefront of global developments in shipping, providing expert knowledge, training, education, and practical advice to safeguard and add value to our members' businesses.”

Raw XML Appendix279 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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IRS990/AllOtherExpensesGrp/ProgramServicesAmt01071
IRS990/AllOtherExpensesGrp/TotalAmt01071
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0187249
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BIMCO'S MISSION TO BE AT THE FOREFRONT OF GLOBAL DEVELOPMENTS IN SHIPPING, PROVIDING EXPERT KNOWLEDGE, TRAINING,EDUCATION, AND PRACTICAL ADVICE TO SAFEGUARD AND ADD VALUE TO OUR MEMBERS' BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt06848
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0656
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0VENUE
IRS990/OtherExpensesGrp/Desc1STAFF EXPENSES
IRS990/OtherExpensesGrp/Desc2SALARY ADMIN FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt010608
IRS990/OtherExpensesGrp/ProgramServicesAmt11883
IRS990/OtherExpensesGrp/ProgramServicesAmt21392
IRS990/OtherExpensesGrp/ProgramServicesAmt3904
IRS990/OtherExpensesGrp/TotalAmt010608
IRS990/OtherExpensesGrp/TotalAmt11883
IRS990/OtherExpensesGrp/TotalAmt21392
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IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherRevenueMiscGrp/Desc0CURRENCY EXCHANGE GAIN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04839
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135808
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IRS990/PartialLiquidationInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0182410
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
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IRS990/ReportProgramRelatedInvstInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY ACCOUNT BIMCO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TRAVEL & BUSINESS EXPENSE ADVANCE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO BE AT THE FOREFRONT OF GLOBAL DEVELOPMENTS IN SHIPPING, PROVIDING EXPERT KNOWLEDGE, TRAINING, EDUCATION, AND PRACTICAL ADVICE TO SAFEGUARD AND ADD VALUE TO OUR MEMBERS' BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BIMCO IS A MEMBERSHIP ASSOCIATION. THE REQUIREMENTS FOR ENTITIES TO QUALIFY FOR MEMBERSHIP OF BIMCO ARE SET OUT IN RULE 5 (MEMBERSHIP) OF THE BIMCO RULES WHICH ALSO LISTS THE DIFFERENT CATEGORIES OF MEMBERS, I.E. OWNER, BROKER, AGENCY, CLUB AND ASSOCIATE. ADMITTANCE AS MEMBER IS SUBJECT TO VETTING AND APPROVAL OF BIMCO'S EXECUTIVE COMMITTEE. ALL MEMBERSHIP IS ON A VOLUNTARY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY REVIEWS THE COMPLETED 990 PRIOR TO FILLING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BIMCO'S CONFLICT OF INTEREST POLICY IS INCLUDED IN THE CODE OF ETHICS AND COMPLIANCE WITH THE CODE OF ETHICS IS MONITERED AND ENFORCED BY THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL REVIEW BY PARENT COMPANY IN ACCORDANCE WITH EMPLOYMENT TERMS AND PERFORMANCE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO TO THE PUBLIC. THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIMCO AMERICAS
ReturnHeader/Filer/BusinessNameControlTxt0BIMC
ReturnHeader/Filer/EIN0882889175
ReturnHeader/Filer/PhoneNum07135019800
ReturnHeader/Filer/USAddress/AddressLine1Txt012848 QUEENSBURY LANE SUITE 208
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077024
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760689865
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABIP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01717 SAINT JAMES PLACE STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077056
ReturnHeader/PreparerPersonGrp/PhoneNum07139542002
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD DYO CPA
ReturnHeader/ReturnTs02024-01-18T14:48:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DAMSGAARD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,752
Liabilities
$47,752
Net assets
$0
Revenue
$187,249
Expenses
$187,249
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$1.03$0.00$3.71$3.71$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.48$0.00$1.87$1.87$0.00