China Classification Society

Not tax-deductible

Great Neck, NY501(c)(6)Mutual / membership EIN 11-3168588Revenue $2.3M in FY2024

On file with the IRS98 Cuttermill Rd Ste 247, 11021-3010 · Great Neck, NYTax-exempt since Oct 1997

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The organization is charged of promoting the security of life and property on the seas and protection of the marine environment.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
70¢ of each $1 spent went to programs.
$835K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $68K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$835K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+13% vs prior year
Spent
$2.0M
To programs
70%
Net assets
$528K
By yearFY2020–FY2024
Revenue
$2.3M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.2M
FY2022$1.9M
FY2023$2.0M
FY2024$2.3M
Expenses
$2.0M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.0M
FY2023$2.1M
FY2024$2.0M
Net assets
$528K
FY2024▲ +135%
Tap a bar for its year
Net assets by fiscal year
FY2020$372K
FY2021$321K
FY2022$242K
FY2023$225K
FY2024$528K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.4M Management & general 30% · $615K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $835K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$210,700Pt VII · Sec A
Administration Manager
$150,950Pt VII · Sec A
Survey Manager
$126,620Pt VII · Sec A
Senior Surveyor
$120,280Pt VII · Sec A
Senior Surveyor
$119,847Pt VII · Sec A
Senior Surveyor
$106,600Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Qi Yang———$236,130
Chunsheng Han$210,700$197,660$88,850—
Haiyang Yu$150,950———
Yong Li$126,620———
Guoli Liu$120,280———
Qing Song Zhang$119,847———
Dan Guo$106,600———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Safeguards lives, property, and the marine environment at sea.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

In the past year, china classification society carried out 122 classification surveys and surveys for class maintenance to ships and offshore installations. The classification society also participated in the development and update various kinds of rules and regualations for the classification of ships and offshore installations.

$1.4Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$334
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$615K
Owns and owesPt X
$528K
net assets · Ln 32
Cash and savingsLn 1–2$963K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$334
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$963K
Cash and savings togetherLn 1–2$963K
Land, buildings, equipmentLn 10c$78K
Other assetsLn 15$34K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$528K
OperationsPt I, VI
EmployeesI 57
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$770K$963K
Land, buildings, equipmentLn 10c$85K$78K
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$1.3M$1.1M
Net assetsLn 32$225K$528K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$211K$0$211K$0
Other salaries and wagesLn 7$746K$597K$149K$0
Payroll taxesLn 10$72K$58K$14K$0
Legal feesLn 11b$34K$0$34K$0
Accounting feesLn 11c$13K$0$13K$0
Office expensesLn 13$2K$957$1K$0
OccupancyLn 16$279K$223K$56K$0
TravelLn 17$327K$262K$65K$0
Depreciation, depletion and amortizationLn 22$11K$4K$7K$0
InsuranceLn 23$116K$93K$23K$0
Other expenses (24a–d)Ln 24$30K$24K$6K$0
All other expensesLn 24e$177K$141K$35K$0
Total functional expensesLn 25$2.0M$1.4M$615K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.3M$2.0M$303K$528K 990 PDF
FY2023 $2.0M$2.1M−$17K$225K 990 PDF
FY2022 $1.9M$2.0M−$79K$242K 990 PDF
FY2021 $2.2M$2.3M−$51K$321K 990 PDF
FY2020 $1.6M$2.1M−$496K$372K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,321,154 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,046,939$2,320,820
I-10 Investment incomePrior year $203$334
I-11 Other revenue$0
I-12 Total revenuePrior year $2,047,142$2,321,154
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $998,783$1,028,838
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,065,456$989,093
I-18 Total expensesPrior year $2,064,239$2,017,931
I-19 Revenue less expensesPrior year −$17,097$303,223
Part VI · Governance 1 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,321,154 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,320,820
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$334
VIII-12 Total revenueRelated to mission $2,321,154 · Unrelated business $0 · Excluded from tax $0$2,321,154
Part IX · Statement of functional expenses $2,017,931 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $210,700 · Fundraising $0$210,700
IX-7 Other salaries and wagesPrograms $596,740 · Management $149,185 · Fundraising $0$745,925
IX-10 Payroll taxesPrograms $57,771 · Management $14,442 · Fundraising $0$72,213
IX-11b Legal feesPrograms $0 · Management $33,936 · Fundraising $0$33,936
IX-11c Accounting feesPrograms $0 · Management $13,105 · Fundraising $0$13,105
IX-13 Office expensesPrograms $957 · Management $1,352 · Fundraising $0$2,309
IX-16 OccupancyPrograms $222,941 · Management $55,735 · Fundraising $0$278,676
IX-17 TravelPrograms $261,886 · Management $65,471 · Fundraising $0$327,357
IX-22 Depreciation, depletion and amortizationPrograms $4,452 · Management $6,839 · Fundraising $0$11,291
IX-23 InsurancePrograms $92,782 · Management $23,196 · Fundraising $0$115,978
IX-24 Other expenses (24a–d)Programs $23,896 · Management $5,973 · Fundraising $0$29,869
IX-24e All other expensesPrograms $141,257 · Management $35,315 · Fundraising $0$176,572
IX-25 Total functional expensesPrograms $1,402,682 · Management $615,249 · Fundraising $0$2,017,931
Part X · Balance sheet $1,588,394 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $769,734$963,279
X-4 Accounts receivableStart of year $629,477$513,241
X-10c Land, buildings and equipment, netStart of year $85,021$78,181
X-15 Other assetsStart of year $22,659$33,693
X-16 Total assetsStart of year $1,506,891$1,588,394
X-17 Accounts payable and accrued expensesStart of year $875,755$648,431
X-25 Other liabilitiesStart of year $405,889$411,493
X-26 Total liabilitiesStart of year $1,281,644$1,059,924
X-32 Total net assets or fund balancesStart of year $225,247$528,470
X-33 Total liabilities and net assetsStart of year $1,506,891$1,588,394
Part XI · Reconciliation of net assets $528,470 net assets at year end
XI-1 Total revenue$2,321,154
XI-2 Total expenses$2,017,931
XI-3 Revenue less expenses$303,223
XI-4 Net assets at start of year$225,247
XI-10 Net assets at end of year$528,470

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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