Hampton Roads Shipping Association FY2021 filing

Not tax-deductible

Norfolk, VA501(c)(6)Since 1971Mutual / membership EIN 23-7241557Revenue $8.3M in FY2021

On file with the IRS236 E Plume St, 23510-1726 · Norfolk, VATax-exempt since Oct 1973

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Port promotion, labor negotiations, safety program, and training of waterfr0nt labor.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$483K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $412K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$483K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $28.9M in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 17 voting members
Looks good: 15 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3M
+179% vs prior year
Spent
$6.4M
Net assets
$30.5M
By yearFY2020–FY2025
Revenue
$8.3M
FY2021▲ +179%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$8.3M
FY2022$6.7M
FY2023$7.1M
FY2024$6.2M
FY2025$7.6M
Expenses
$6.4M
FY2021▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.0M
FY2021$6.4M
FY2022$6.9M
FY2023$7.4M
FY2024$7.5M
FY2025$7.1M
Net assets
$30.5M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.6M
FY2021$30.5M
FY2022$24.5M
FY2023$25.4M
FY2024$29.6M
FY2025$30.3M

From the FY2021 Form 990 (year ending September 2021) · 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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1973.

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

Who runs it and what they're paid

21 people listed on the 990; $483K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$483,080Pt VII · Sec A
Exec VP and Secretary
$0Pt VII · Sec A
VP of Finance & Administration
$0Pt VII · Sec A
VP of Industry & Govt Affairs
$0Pt VII · Sec A
Director of IT
$0Pt VII · Sec A
Director of Safety
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Roger Giesinger$528,530$591,554————
Roger J Geisinger——$530,916$522,810——
Roger J Giesinger————$483,080$467,784
Jeremy Bridges$431,250$302,476————
Mick Drevyanko$187,250—————
Michael Drevyanko——$169,547——$128,969
David C White—————$163,827
Shwetha Sunder$138,000—$102,025———

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.

See Hampton Roads Shipping Association executive salaries →

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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 15aYes

Programs and updates

Promote ports, negotiate labor, and train waterfront workers for safety.

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Port Promotion / Trade Missions

Organization and participation of trade missions and other programs to grow port business and related economic development.

Pt IX · col B
02

Safety Program

Oversee the drug and alcohol testing, provide equipment training, and safety training for ila employers.

Pt IX · col B
03

Dispatchers

Daily filling of labor orders and dispatch of labor to employers, and associated record keeping.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $1.7M · 2019–2024
VmapacFY2023$90,000
Nauticus FoundationVA · FY2023$65,000
Norfolk Festevents LtdVA · FY2023$25,000
Life Rolls on FoundationCA · FY2023$5,500
Maritime Issue CouncilFY2022$90,000
Life Rolls on FoundationCA · FY2022$5,900
Maritime Issue CouncilFY2021$67,500
Maritime Issue CouncilFY2020$90,000
Maritime Issue CouncilFY2019$70,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.3M
Ln 12
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$3.7M
Gifts and grantsLn 1h$266K
Money outPt IX
$6.4M
Ln 25
Owns and owesPt X
$30.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$34.2M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$266K
Government grantsLn 1e$266K
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$3.7M
Other incomeLn 4–11$11K
Gains on assetsLn 7$3.1M
Total revenueLn 12$8.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$28.9M
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$0
Total assetsLn 16$34.2M
LiabilitiesLn 26$3.7M
Net assetsLn 32$30.5M
OperationsPt I, VI
EmployeesI 512
VolunteersI 617
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
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$476K$1.2M
InvestmentsLn 11–13$29.7M$28.9M
Land, buildings, equipmentLn 10c$1.1M$1.4M
Total assetsLn 16$32.2M$34.2M
LiabilitiesLn 26$5.6M$3.7M
Net assetsLn 32$26.6M$30.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$337K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$483K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$901K
Pension plan contributionsLn 8$369K
Other employee benefitsLn 9$124K
Payroll taxesLn 10$92K
Management feesLn 11a$0
Legal feesLn 11b$187K
Accounting feesLn 11c$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$220K
Other fees for servicesLn 11g$202K
Advertising and promotionLn 12$0
Office expensesLn 13$19K
Information technologyLn 14$44K
RoyaltiesLn 15$0
OccupancyLn 16$83K
TravelLn 17$45K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$5K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$399K
InsuranceLn 23$1.2M
Other expenses (24a–d)Ln 24$1.4M
All other expensesLn 24e$216K
Total functional expensesLn 25$6.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.6M$7.1M$545K$30.3M 990 PDF
FY2024 $6.2M$7.5M−$1.3M$29.6M 990 PDF
FY2023 $7.1M$7.4M−$386K$25.4M 990 PDF
FY2022 $6.7M$6.9M−$220K$24.5M 990 PDF
FY2021 Viewing $8.3M$6.4M$1.9M$30.5M 990 PDF
FY2020 $3.0M$6.0M−$3.0M$26.6M 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 FY2021 990 (6 parts)
Part I · Summary $8,322,870 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$265,910
I-9 Program service revenuePrior year $2,104,650$4,384,510
I-10 Investment incomePrior year $875,353$3,661,751
I-11 Other revenuePrior year $203$10,699
I-12 Total revenuePrior year $2,980,206$8,322,870
I-13 Grants and similar amounts paidPrior year $295,240$336,650
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,781,067$1,968,357
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,921,486$4,093,290
I-18 Total expensesPrior year $5,997,793$6,398,297
I-19 Revenue less expensesPrior year −$3,017,587$1,924,573
Part VI · Governance 15 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,322,870 across 10 lines filed
VIII-1e Government grants$265,910
VIII-1h Total contributions, gifts and grants$265,910
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,384,510$4,384,510
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $578,730$578,730
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,083,021$3,083,021
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,699$10,699
VIII-12 Total revenueRelated to mission $4,384,510 · Unrelated business $0 · Excluded from tax $3,672,450$8,322,870
Part IX · Statement of functional expenses $6,398,297 across 31 lines filed
IX-1 Grants to domestic organizations$336,650
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$483,080
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$900,579
IX-8 Pension plan contributions$368,799
IX-9 Other employee benefits$123,605
IX-10 Payroll taxes$92,294
IX-11a Management fees$0
IX-11b Legal fees$186,603
IX-11c Accounting fees$18,383
IX-11d Lobbying fees$0
IX-11f Investment management fees$220,172
IX-11g Other fees for services$201,565
IX-12 Advertising and promotion$0
IX-13 Office expenses$18,809
IX-14 Information technology$44,409
IX-15 Royalties$0
IX-16 Occupancy$83,100
IX-17 Travel$44,515
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$4,535
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$399,188
IX-23 Insurance$1,244,202
IX-24 Other expenses (24a–d)$1,411,562
IX-24e All other expenses$216,247
IX-25 Total functional expenses$6,398,297
Part X · Balance sheet $34,185,885 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $475,785$1,167,840
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $572,440$2,562,427
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $367,206$164,908
X-10c Land, buildings and equipment, netStart of year $1,055,650$1,362,582
X-11 Publicly traded securitiesStart of year $29,728,928$28,928,128
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $32,200,009$34,185,885
X-17 Accounts payable and accrued expensesStart of year $1,063,496$1,998,556
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $500$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,511,486$1,711,972
X-26 Total liabilitiesStart of year $5,575,482$3,710,528
X-27 Net assets without donor restrictionsStart of year $26,624,527$30,475,357
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $26,624,527$30,475,357
X-33 Total liabilities and net assetsStart of year $32,200,009$34,185,885
Part XI · Reconciliation of net assets $30,475,357 net assets at year end
XI-1 Total revenue$8,322,870
XI-2 Total expenses$6,398,297
XI-3 Revenue less expenses$1,924,573
XI-4 Net assets at start of year$26,624,527
XI-5 Net unrealized gains (losses) on investments$2,144,128
XI-8 Prior period adjustments−$217,871
XI-10 Net assets at end of year$30,475,357

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

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