Priority Shippers Association

Schaumburg, ILUnknown exempt organization EIN 30-0845770Revenue $298K in FY2023Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSSchaumburg, IL

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Procurement Services

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0845770) · Dispute this line
83¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 50% of spending
Pay to officers and key staff is 50% of spending.
Part VII, Section A
11.8 mo
of spending, in cash
11.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$296K
98% of total assets
Liabilities are 98% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$298K
Spent
$292K
To programs
83%
Net assets
$7K

From the FY2023 Form 990 (year ending June 2023) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $242K Management & general 17% · $50K

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

3 people listed on the 990; $145K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$145,475Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Priority Shippers Association executive salaries →

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

Priority Shippers Association is a nonprofit organization based in Schaumburg, IL.

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2 programs · $242K · in their own filed words · FY2022
01

Our organization dedicated significant resources to provide rate negotiation services to our members. Our team worked closely with vendors and suppliers to negotiate fair and competitive pricing, ultimately resulting in cost savings for our members and increased financial stabilities for their organizations.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0845770) · Dispute this line
$242Kprogram expense
02

Our organization dedicated significant resources to provide rate negotiation services to our members. Our team worked closely with vendors and suppliers to negotiate fair and competitive pricing, ultimately resulting in cost savings for our members and increased financial stability for their organizations.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0845770) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Fees for servicesLn 2g$298K
Money outPt IX
$292K
Ln 25
Programscol B$242K
Managementcol C$50K
Owns and owesPt X
$7K
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$304K
LiabilitiesLn 26$296K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$298K
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$287K
Cash and savings togetherLn 1–2$287K
Accounts receivableLn 4$17K
Total assetsLn 16$304K
LiabilitiesLn 26$296K
Net assetsLn 32$7K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$244K$287K
Total assetsLn 16$253K$304K
LiabilitiesLn 26$251K$296K
Net assetsLn 32$1K$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$145K$145K
Management feesLn 11a$34K$34K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$821$821
Information technologyLn 14$97K$97K
Conferences, conventions and meetingsLn 19$5K$5K
Total functional expensesLn 25$292K$242K$50K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS May 14, 2024 $298K$292K$6K$7K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $298,295 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $160,110$298,295
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $160,110$298,295
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$145,475
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $159,387$146,676
I-18 Total expensesPrior year $159,387$292,151
I-19 Revenue less expensesPrior year $723$6,144
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $298,295 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $298,295 · Unrelated business $0 · Excluded from tax $0$298,295
VIII-12 Total revenueRelated to mission $298,295 · Unrelated business $0 · Excluded from tax $0$298,295
Part IX · Statement of functional expenses $292,151 across 6 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $145,475$145,475
IX-11a Management feesManagement $34,020$34,020
IX-11c Accounting feesManagement $10,000$10,000
IX-13 Office expensesManagement $821$821
IX-14 Information technologyPrograms $96,980$96,980
IX-19 Conferences, conventions and meetingsManagement $4,855$4,855
IX-25 Total functional expensesPrograms $242,455 · Management $49,696 · Fundraising $0$292,151
Part X · Balance sheet $303,694 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $243,701$286,964
X-4 Accounts receivableStart of year $8,850$16,730
X-16 Total assetsStart of year $252,551$303,694
X-17 Accounts payable and accrued expensesStart of year $251,212$296,211
X-26 Total liabilitiesStart of year $251,212$296,211
X-27 Net assets without donor restrictionsStart of year $1,339$7,483
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,339$7,483
X-33 Total liabilities and net assetsStart of year $252,551$303,694
Part XI · Reconciliation of net assets $7,483 net assets at year end
XI-1 Total revenue$298,295
XI-2 Total expenses$292,151
XI-3 Revenue less expenses$6,144
XI-4 Net assets at start of year$1,339
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,483

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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