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Passenger Vessel Association

Not tax-deductible

Alexandria, VA501(c)(6)EIN 52-1372232Revenue $2.5M in FY2024

On file with the IRSpassengervessel.com103 Oronoco St Ste 200, 22314-2046 · Alexandria, VATax-exempt since Nov 1986

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To serve the needs of owners, operators, and suppliers of the Passenger Vessel industry by offering educational and public policy assistance, by sponsoring an annual convention for its members, and by publishing a monthly newsletter.

Run by 15 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $201K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$845K
to officers and key staff · 42% of spending
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 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
$2.5M
+15% vs prior year
Spent
$2.0M
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$2.5M
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$1.7M
FY2022$2.0M
FY2023$2.2M
FY2024$2.5M
Expenses
$2.0M
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.6M
FY2022$1.9M
FY2023$2.0M
FY2024$2.0M
Net assets
$3.1M
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.2M
FY2023$2.5M
FY2024$3.1M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1986.

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

Who runs it and what they're paid

22 people listed on the 990; $845K paid to officers and key staff.

Part VII, Section A · reportable compensation
John Groundwater
Executive Director
$344,255Pt VII · Sec A
Eric Christensen
Director of Regulatory Affairs
$176,155Pt VII · Sec A
Richard Patch
Legislative Director
$121,078Pt VII · Sec A
Leslie Kagarise
Director of Finance
$102,720Pt VII · Sec A
Catherine Hill
Director of Marketing and Communications
$100,965Pt VII · Sec A
Chris Anglin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bob Bijur
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Groundwater$344,255$353,502$297,547$312,116$309,314
Edmund Welch—$148,528$179,564$172,787$172,787
Eric Christensen$176,155$169,649$164,912$158,838$158,838
Richard Patch$121,078————
Leslie Kagarise$102,720————
Catherine Hill$100,965————

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 Passenger Vessel 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

Supports passenger vessel industry with education, policy help, conventions, and a newsletter.

Questions for Passenger Vessel Association

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Foghorn Publication

Provides a monthly newsletter to each member that contains information on public policies in washington and provides 5-6 mailers concerning press releases. Each publication also includes reports by experts within the passenger vessel industry and articles discussing a broad range of industry topics that include operational efficiency…

Pt IX · col B
02

Membership Directory

Promotes the industry within the tour and travel community. Produces a 224-PAGE membership directory for member information and use by travel agents. Provides listings of all members and affiliates of the passenger vessel association throughout north america.

Pt IX · col B
03

Maritrends Convention

The association presents a convention to provide the opportunity for exchange of information related to the passenger vessel industry.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$339K
Other incomeLn 4–11$15K
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$4.7M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A5
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$339K
Other incomeLn 4–11$15K
Gains on assetsLn 7$230K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$329K
Cash and savings togetherLn 1–2$329K
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$42K
Total assetsLn 16$4.7M
LiabilitiesLn 26$1.6M
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 58
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$208K$329K
InvestmentsLn 11–13$3.6M$4.1M
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$4.1M$4.7M
LiabilitiesLn 26$1.5M$1.6M
Net assetsLn 32$2.5M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$597K
Other salaries and wagesLn 7$413K
Pension plan contributionsLn 8$38K
Other employee benefitsLn 9$70K
Payroll taxesLn 10$71K
Legal feesLn 11b$39K
Accounting feesLn 11c$8K
Other fees for servicesLn 11g$154K
Office expensesLn 13$8K
Information technologyLn 14$17K
OccupancyLn 16$48K
TravelLn 17$52K
Conferences, conventions and meetingsLn 19$241K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$22K
Other expenses (24a–d)Ln 24$204K
All other expensesLn 24e$11K
Total functional expensesLn 25$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.5M$2.0M$468K$3.1M 990 PDF
FY2023 $2.2M$2.0M$171K$2.5M 990 PDF
FY2022 $2.0M$1.9M$81K$2.2M 990 PDF
FY2021 $1.7M$1.6M$80K$2.6M 990 PDF
FY2020 $2.2M$2.0M$203K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,464,404 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,955,809$2,110,299
I-10 Investment incomePrior year $183,285$339,256
I-11 Other revenuePrior year $12,908$14,849
I-12 Total revenuePrior year $2,152,002$2,464,404
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 $1,139,747$1,190,390
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $841,441$805,944
I-18 Total expensesPrior year $1,981,188$1,996,334
I-19 Revenue less expensesPrior year $170,814$468,070
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,464,404 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,885,406 · Unrelated business $224,893$2,110,299
VIII-3 Investment incomeExcluded from tax $108,923$108,923
VIII-7 Net gain or loss on sales of assetsExcluded from tax $230,333$230,333
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,849$14,849
VIII-12 Total revenueRelated to mission $1,900,255 · Unrelated business $224,893 · Excluded from tax $339,256$2,464,404
Part IX · Statement of functional expenses $1,996,334 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$597,274
IX-7 Other salaries and wages$413,330
IX-8 Pension plan contributions$38,415
IX-9 Other employee benefits$70,160
IX-10 Payroll taxes$71,211
IX-11b Legal fees$39,270
IX-11c Accounting fees$7,547
IX-11g Other fees for services$154,172
IX-13 Office expenses$7,527
IX-14 Information technology$17,159
IX-16 Occupancy$47,767
IX-17 Travel$52,320
IX-19 Conferences, conventions and meetings$240,734
IX-22 Depreciation, depletion and amortization$2,011
IX-23 Insurance$21,792
IX-24 Other expenses (24a–d)$204,289
IX-24e All other expenses$11,356
IX-25 Total functional expenses$1,996,334
Part X · Balance sheet $4,673,200 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $208,226$329,131
X-4 Accounts receivableStart of year $11,655$17,281
X-9 Prepaid expenses and deferred chargesStart of year $136,783$155,428
X-10c Land, buildings and equipment, netStart of year $6,871$4,859
X-11 Publicly traded securitiesStart of year $3,456,218$3,885,016
X-12 Other securitiesStart of year $188,792$239,686
X-14 Intangible assets$0
X-15 Other assetsStart of year $63,358$41,799
X-16 Total assetsStart of year $4,071,903$4,673,200
X-17 Accounts payable and accrued expensesStart of year $367,428$385,548
X-19 Deferred revenueStart of year $1,118,676$1,165,800
X-25 Other liabilitiesStart of year $58,984$37,425
X-26 Total liabilitiesStart of year $1,545,088$1,588,773
X-27 Net assets without donor restrictionsStart of year $2,526,815$3,084,427
X-32 Total net assets or fund balancesStart of year $2,526,815$3,084,427
X-33 Total liabilities and net assetsStart of year $4,071,903$4,673,200
Part XI · Reconciliation of net assets $3,084,427 net assets at year end
XI-1 Total revenue$2,464,404
XI-2 Total expenses$1,996,334
XI-3 Revenue less expenses$468,070
XI-4 Net assets at start of year$2,526,815
XI-5 Net unrealized gains (losses) on investments$89,542
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,084,427

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

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