Civic Intelligence

Transpacific Carrier Services Inc

990 • Fiscal year 2017 • EIN 94-3152370

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 27, 2018

Plaza 360 360 22nd Street No 530Oakland, CA 94612

(510) 208-0440

Siviq Scores

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

Liabilities / Assets

86th percentile

0.56x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.30x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-0.0%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$241,619

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

92nd percentile

40%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-27%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,413,952

Up $406,076 (+40%) from 2016

Net Assets

Flat

$626,958

Flat from 2016

Liabilities

Up

$786,994

Up $406,076 (+107%) from 2016

Revenue

Down

$2,594,670

Down $943,080 (-27%) from 2016

Expenses

Down

$2,595,352

Down $943,492 (-27%) from 2016

Net Income

Up

-$682

Up $412 (+38%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,197,786Liabilities 2011: $509,101Net Assets 2011: $688,6852011Assets 2012: $1,536,948Liabilities 2012: $848,263Net Assets 2012: $688,6852012Assets 2013: $1,339,936Liabilities 2013: $651,251Net Assets 2013: $688,6852013Assets 2014: $1,095,481Liabilities 2014: $406,796Net Assets 2014: $688,6852014Assets 2015: $1,048,343Liabilities 2015: $359,658Net Assets 2015: $688,6852015Assets 2016: $1,007,876Liabilities 2016: $380,918Net Assets 2016: $626,9582016Assets 2017: $1,413,952Liabilities 2017: $786,994Net Assets 2017: $626,9582017Assets 2018: $453,670Liabilities 2018: $0Net Assets 2018: $453,6702018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$1,413,952
Liabilities$786,994
Net Assets$626,958

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $3,716,5702011Expenses 2012: $3,218,4202012Revenue 2013: $2,470,302Expenses 2013: $2,472,190Net Income 2013: -$1,8882013Revenue 2014: $2,614,139Expenses 2014: $2,615,598Net Income 2014: -$1,4592014Revenue 2015: $3,038,912Expenses 2015: $3,040,609Net Income 2015: -$1,6972015Revenue 2016: $3,537,750Expenses 2016: $3,538,844Net Income 2016: -$1,0942016Revenue 2017: $2,594,670Expenses 2017: $2,595,352Net Income 2017: -$6822017Revenue 2018: $1,077,689Expenses 2018: $1,617,662Net Income 2018: -$539,9732018Revenue 2019: $12,026Expenses 2019: $465,696Net Income 2019: -$453,6702019

Highlighted filing

2017

Revenue$2,594,670
Expenses$2,595,352
Net Income-$682
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 27, 2018
Return Version
2017v2.2
Gross Receipts
$2,594,670
Mission and Program Overview

Mission

This organization's primary purpose is to further the common interest of its members and of the ocean liner carrier industry in fostering and serving foreign commerce with the approval of the federal maritime commission (fmc). Tcs performs record keeping and keeps minutes on behalf of its members, who are engaged principally in the transportation of cargo.

This organization's primary purpose is to further the common interest of its members and of the ocean liner carrier industry in fostering and serving foreign commerce with the approval of the Federal Maritime Commission. TCS performs record keeping and keeps minutes on behalf of its members, who are engaged principally in the transportation of cargo.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$670,475$968,916▲ $298,441
Rtn Earn Endowment Incm Other Fnds$626,958$626,958→ $0
Accounts Receivable$201,029$308,624▲ $107,595
Savings and Temporary Cash Investments$131,562$131,602▲ $40
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,007,876$1,413,952▲ $406,076
Other Assets Total$4,810$4,810→ $0
Liabilities
Accounts Payable and Accrued Expenses$380,918$786,994▲ $406,076
Total Liabilities$380,918$786,994▲ $406,076
Net Assets / Fund Balance
Total Net Assets Fund Balance$626,958$626,958→ $0
Total Liabilities and Net Assets / Fund Balance$1,007,876$1,413,952▲ $406,076
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian M ConradPresidentFT$185,160$62,745$247,905

Board Members and Trustees

NameTitle
H FinkelChairman
Kevin LeeDirector
Nate AdamsDirector
P HirnDirector
P TungDirector
Tom NaDirector
Vincent HuangDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Cozen O'ConnorLegal Services1200 19th Street NW, Washington, DC 20036$945,490
-Consulting1902 A Lyon St, San Francisco, CA 94115$123,983
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,594,631
Investment Income
$39
Other Revenue
$0
Change in Net Assets
$-682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,062,088
Salaries, Compensation, and Employee Benefits$533,264
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$1,534,848
Current Officers, Directors, Trustees, and Key Employees---$247,905
Other Salaries and Wages---$199,846
Fees for Services Accounting---$105,255
Occupancy---$65,514
Travel---$47,647
Pension Plan Contributions---$32,355
Payroll Taxes---$30,795
Other Employee Benefits---$22,363
All Other Expenses---$20,722
Insurance---$19,953
Other Expenses---$12,918
Office Expenses---$1,349
Depreciation Depletion---$682
Total Functional Expenses$0$0$0$2,595,352
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
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of Form 990 was provided to the officers and directors for review and approval prior to filing.

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

The TCS Conflict of Interest Policy is reviewed periodically by selected board members. All directors, officers and members of committees must sign a statement affirming they have received, read, understand and comply with the policy.

Form 990, Part VI, Section B, line 15

The three main criteria the compensation committee uses to determine the amount of salary and bonus for executives of TCS. 1. Based on performance relative to standards and expectations set in advance. 2. Look to industry standards (carriers) as to amount being paid to executives of similar responsibility as well as the current rate of increase in compensation being given by carriers in the industry. 3. Review of member lines' current financial position.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Transpacific Carrier Services Inc
EIN
94-3152370
Phone
5102080440
Address
Plaza 360 360 22nd Street No 530, Oakland, CA 94612

Signing Officer

Name
Brian Conrad
Title
Executive Director
Phone
5102080440
Signed
2018-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Conrad
Formed
1992
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
0

Preparer

Firm
Dillwood Burkel & Millar LLP
Address
175 Concourse Blvd Ste A, Santa Rosa, CA 95403
Preparer
Penny Millar
Phone
7075778806
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Depreciation 682.

Form 990, Part XI, Line 1

TCS uses a modified-cash basis of accounting, as follows: Expenses are recorded on the cash basis; that is, when paid, rather than when on obligation is incurred. Revenues from assessments and administrative fees are recorded on an accrual basis when earned. For internal accounting purposes purchases of furniture and equipment are recorded as expenses upon payment rather than capitalized and depreciated over the useful lives of the assests. For tax accounting purposes purchases of furniture and equipment are capitalized and depreciated over the useful lives of the assets.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of Form 990 was provided to the officers and directors for review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The TCS Conflict of Interest Policy is reviewed periodically by selected board members. All directors, officers and members of committees must sign a statement affirming they have received, read, understand and comply with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The three main criteria the compensation committee uses to determine the amount of salary and bonus for executives of TCS. 1. Based on performance relative to standards and expectations set in advance. 2. Look to industry standards (carriers) as to amount being paid to executives of similar responsibility as well as the current rate of increase in compensation being given by carriers in the industry. 3. Review of member lines' current financial position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation 682.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TCS uses a modified-cash basis of accounting, as follows: Expenses are recorded on the cash basis; that is, when paid, rather than when on obligation is incurred. Revenues from assessments and administrative fees are recorded on an accrual basis when earned. For internal accounting purposes purchases of furniture and equipment are recorded as expenses upon payment rather than capitalized and depreciated over the useful lives of the assests. For tax accounting purposes purchases of furniture and equipment are capitalized and depreciated over the useful lives of the assets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 1
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Transpacific Stabilization Agreement
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0943272657
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To further the interests of the ocean liner carrier industry.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0Plaza 360 360 22nd Street No 530
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Oakland
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094612
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0782074
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt12594631
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Management expenses allocated
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Actual expenses incurred & reimb.
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Transpacific Stabilization Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Transpacific Stabilization Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01007876
IRS990/TotalAssetsEOYAmt01413952
IRS990/TotalAssetsGrp/BOYAmt01007876
IRS990/TotalAssetsGrp/EOYAmt01413952
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt02595352
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0380918
IRS990/TotalLiabilitiesEOYAmt0786994
IRS990/TotalLiabilitiesGrp/BOYAmt0380918
IRS990/TotalLiabilitiesGrp/EOYAmt0786994
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0626958
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0626958
IRS990/TotalOtherCompensationAmt040977
IRS990/TotalProgramServiceRevenueAmt02594631
IRS990/TotalReportableCompFromOrgAmt0200642
IRS990/TotalRevenueGrp/ExclusionAmt039
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02594631
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02594670
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01007876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01413952
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt047647
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Plaza 360 360 22nd Street No 530
IRS990/USAddress/CityNm0Oakland
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094612
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Conrad
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum05102080440
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Transpacific Carrier Services Inc
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0943152370
ReturnHeader/Filer/PhoneNum05102080440
ReturnHeader/Filer/USAddress/AddressLine1Txt0Plaza 360 360 22nd Street No 530
ReturnHeader/Filer/USAddress/CityNm0Oakland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094612
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId005614305FD36E972557B617B4478A07939BCBF5D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BEED5BC0DDFCBEB52141348B4A4D0801FD284979
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.23.232.130
ReturnHeader/FilingSecurityInformation/IPDt02018-04-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:59:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0680456752
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Dillwood Burkel & Millar LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0175 Concourse Blvd Ste A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Santa Rosa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095403
ReturnHeader/PreparerPersonGrp/PhoneNum07075778806
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Penny Millar
ReturnHeader/ReturnTs02018-04-27T17:23:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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