Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1922.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
3 people listed on the 990; $655K paid to officers and key staff.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| James H Weakley | $360,765 | $304,125 | $291,064 | $288,959 |
| Eric D Peace | $163,822 | $139,544 | — | — |
| Eric Peace | — | — | $133,583 | $126,335 |
| Debra S Dicianna | $129,983 | $56,262 | — | — |
| Thomas G Rayburn | — | — | $94,370 | $98,903 |
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
Improves business conditions for Great Lakes shipping, focusing on ballast water reform.
Questions for Lake Carriers Association
Your first name shows with your question. Lake Carriers Association answers here, for everyone.
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Canadian Ballast Water
The Environmental Protection Agency (EPA)proposed regulations to implement the Vessel Discharge Act. Lake Carriers Association (LCA) hired a lobbying firm to assist it with submitting comments and working through the regulatory process.
New Icebreakers
The U.S. Coast Guard continues to lack icebreaking resources to keep the Great Lakes Navigation System operating during the winter months. In addition to economic loss in the region, vessel operators have experienced groundings, propeller damage and hull fractures.
Tarrifs
Multiple labor unions filed a section 301 complaint with the United States Trade Representative alleging foreign government interference in the shipbuilding market. Lake Carriers Association hired a lobbying firm to help navigate the 301 process and advocate for a level playing field in the binational Great Lakes shipping trade.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $583K | $273K |
| Land, buildings, equipmentLn 10c | $2K | $601 |
| Total assetsLn 16 | $699K | $277K |
| LiabilitiesLn 26 | $125K | $163K |
| Net assetsLn 32 | $574K | $113K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $655K | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $47K | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $74K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $37K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $46K | $0 | $0 | $0 |
| Legal feesLn 11b | $1.3M | $0 | $0 | $0 |
| Accounting feesLn 11c | $9K | $0 | $0 | $0 |
| Office expensesLn 13 | $11K | $0 | $0 | $0 |
| Information technologyLn 14 | $23K | $0 | $0 | $0 |
| OccupancyLn 16 | $42K | $0 | $0 | $0 |
| TravelLn 17 | $60K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $6K | $0 | $0 | $0 |
| Payments to affiliatesLn 21 | $111K | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $944 | $0 | $0 | $0 |
| InsuranceLn 23 | $4K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $23K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $2.5M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $2.0M | $2.5M | −$461K | $113K | 990 PDF |
| FY2024 | $1.8M | $1.9M | −$84K | $574K | 990 PDF |
| FY2023 | $1.5M | $1.7M | −$226K | $657K | 990 PDF |
| FY2022 | $1.9M | $1.5M | $470K | $881K | 990 PDF |
| FY2021 | $1.7M | $1.8M | −$133K | $411K | 990 PDF |
| FY2020 | $2.4M | $1.9M | $500K | $544K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $2,032,433 revenue, 12 lines filed
Part VI · Governance 22 of 22 board members independent, 3 to look at
Part VIII · Statement of revenue $2,032,433 across 5 lines filed
Part IX · Statement of functional expenses $2,492,937 across 16 lines filed
Part X · Balance sheet $276,511 assets, 9 lines filed
Part XI · Reconciliation of net assets $113,018 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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