China Classification Society FY2021 filing

Not tax-deductible

Great Neck, NY501(c)(6)Mutual / membership EIN 11-3168588Revenue $2.2M in FY2021

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2021 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
77% of total assets
Worth a look: liabilities are 77% 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
$2.2M
+44% vs prior year
Spent
$2.3M
To programs
0%
Net assets
$321K
By yearFY2020–FY2024
Revenue
$2.2M
FY2021▲ +44%
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
$2.3M
FY2021▲ +12%
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
$321K
FY2021▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$372K
FY2021$321K
FY2022$242K
FY2023$225K
FY2024$528K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
General Manager
$0Pt 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 · $1.9M · in their own filed words · FY2021
01

In the past year, china classification society carried out 341 classification surveys and surveys for class maintenance to ships and offshore installations. The china classification society also participated in the development and update various kinds of rules and regualations for the classification of ships and offshore installations.

$1.9Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$375
Money outPt IX
$2.3M
Ln 25
Owns and owesPt X
$321K
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$375
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$472K
Cash and savings togetherLn 1–2$472K
Land, buildings, equipmentLn 10c$52K
Other assetsLn 15$61K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.1M
Net assetsLn 32$321K
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 FY21End FY21
Cash and savingsLn 1–2$441K$472K
Land, buildings, equipmentLn 10c$64K$52K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$372K$321K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$963K
Payroll taxesLn 10$62K
Management feesLn 11a$229K
Legal feesLn 11b$48K
Accounting feesLn 11c$16K
Other fees for servicesLn 11g$1K
Office expensesLn 13$7K
OccupancyLn 16$233K
TravelLn 17$178K
Depreciation, depletion and amortizationLn 22$12K
InsuranceLn 23$102K
Other expenses (24a–d)Ln 24$153K$120K$34K
All other expensesLn 24e$286K
Total functional expensesLn 25$2.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,239,327 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,553,981$2,238,952
I-10 Investment incomePrior year $389$375
I-11 Other revenuePrior year $3$0
I-12 Total revenuePrior year $1,554,373$2,239,327
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,143,561$1,024,941
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $907,160$1,265,497
I-18 Total expensesPrior year $2,050,721$2,290,438
I-19 Revenue less expensesPrior year −$496,348−$51,111
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 $2,239,327 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,238,952$2,238,952
VIII-3 Investment incomeRelated to mission $375$375
VIII-12 Total revenueRelated to mission $2,239,327 · Unrelated business $0 · Excluded from tax $0$2,239,327
Part IX · Statement of functional expenses $2,290,438 across 13 lines filed
IX-7 Other salaries and wages$963,365
IX-10 Payroll taxes$61,576
IX-11a Management fees$228,530
IX-11b Legal fees$47,840
IX-11c Accounting fees$16,460
IX-11g Other fees for services$1,200
IX-13 Office expenses$7,269
IX-16 Occupancy$233,122
IX-17 Travel$178,251
IX-22 Depreciation, depletion and amortization$11,903
IX-23 Insurance$102,213
IX-24 Other expenses (24a–d)Programs $119,513 · Management $33,554$153,067
IX-24e All other expenses$285,642
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,290,438
Part X · Balance sheet $1,379,225 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $441,247$472,409
X-4 Accounts receivableStart of year $897,329$793,917
X-10c Land, buildings and equipment, netStart of year $64,291$52,138
X-15 Other assetsStart of year $50,239$60,761
X-16 Total assetsStart of year $1,453,106$1,379,225
X-17 Accounts payable and accrued expensesStart of year $985,437$950,027
X-25 Other liabilitiesStart of year $95,514$108,154
X-26 Total liabilitiesStart of year $1,080,951$1,058,181
X-32 Total net assets or fund balancesStart of year $372,155$321,044
X-33 Total liabilities and net assetsStart of year $1,453,106$1,379,225
Part XI · Reconciliation of net assets $321,044 net assets at year end
XI-1 Total revenue$2,239,327
XI-2 Total expenses$2,290,438
XI-3 Revenue less expenses−$51,111
XI-4 Net assets at start of year$372,155
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$321,044

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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