Package Shippers Association

Not tax-deductible

Harbeson, DE501(c)(6)EIN 53-0216604Revenue $458K in FY2024

On file with the IRSparcelshippers.org23389 Greenbank Dr, 19951-3008 · Harbeson, DETax-exempt since Jan 1955

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Parcel Shippers Associations mission is to foster competition in the parcel delivery market. It creates value for its members by promoting the best possible service at the lowest possible costs.

Run by 21 volunteers and 4 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
2 of 5
filings with a surplus
Average deficit $9K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 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
Pay to officers and key staff
$340K
to officers and key staff · 62% of spending
Concern: pay to officers and key staff is 62% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$254K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$458K
-16% vs prior year
Spent
$549K
To programs
0%
Net assets
$222K
By yearFY2020–FY2024
Revenue
$458K
FY2024▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$438K
FY2021$568K
FY2022$658K
FY2023$541K
FY2024$458K
Expenses
$549K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$576K
FY2021$462K
FY2022$538K
FY2023$583K
FY2024$549K
Net assets
$222K
FY2024▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$129K
FY2021$235K
FY2022$354K
FY2023$313K
FY2024$222K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1955.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $549K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $340K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$170,000Pt VII · Sec A
Chief Executive Officer
$170,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James Cochrane$170,000$170,000$203,150$158,552$142,083
Stephen Myers————$13,167

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

Promotes competition in parcel delivery for better service and lower costs.

Questions for Package Shippers Association

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Package Shippers Association (PSA) represented members through advocacy, education, and networking. PSA provided members four in-person meetings and multiple networking opportunities. Training for all members was provided on-line to address the changing rules and regulations within the USPS.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$458K
Ln 12
Gifts and grantsLn 1h$458K
Money outPt IX
$549K
Ln 25
Managementcol C$549K
Owns and owesPt X
$222K
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$476K
LiabilitiesLn 26$254K
PeoplePt VI, VII
24
listed · VII A
PaidVII A2
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$458K
Total revenueLn 12$458K
Assets in detailPt X, end of year
CashLn 1$476K
Cash and savings togetherLn 1–2$476K
Total assetsLn 16$476K
LiabilitiesLn 26$254K
Net assetsLn 32$222K
OperationsPt I, VI
EmployeesI 54
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$348K$476K
Total assetsLn 16$348K$476K
LiabilitiesLn 26$35K$254K
Net assetsLn 32$313K$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$170K$170K
Other salaries and wagesLn 7$48K$48K
Payroll taxesLn 10$15K$15K
Legal feesLn 11b$151K$151K
Accounting feesLn 11c$14K$14K
TravelLn 17$14K$14K
Conferences, conventions and meetingsLn 19$41K$41K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$77K$77K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$549K$0$549K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $458K$549K−$92K$222K 990 PDF
FY2023 $541K$583K−$41K$313K 990 PDF
FY2022 $658K$538K$119K$354K 990 PDF
FY2021 $568K$462K$106K$235K 990 PDF
FY2020 $438K$576K−$138K$129K 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 $457,502 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $541,475$457,502
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $541,475$457,502
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $232,693$233,176
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $349,936$316,058
I-18 Total expensesPrior year $582,629$549,234
I-19 Revenue less expensesPrior year −$41,154−$91,732
Part VI · Governance 23 of 23 board members independent, 3 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-12a Written conflict of interest policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $457,502 across 5 lines filed
VIII-1b Membership dues$442,502
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$457,502
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$457,502
Part IX · Statement of functional expenses $549,234 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $170,000$170,000
IX-7 Other salaries and wagesManagement $48,000$48,000
IX-10 Payroll taxesManagement $15,176$15,176
IX-11b Legal feesManagement $151,299$151,299
IX-11c Accounting feesManagement $13,500$13,500
IX-17 TravelManagement $14,433$14,433
IX-19 Conferences, conventions and meetingsManagement $41,309$41,309
IX-23 InsuranceManagement $2,175$2,175
IX-24 Other expenses (24a–d)Management $76,780$76,780
IX-24e All other expensesManagement $16,562$16,562
IX-25 Total functional expensesPrograms $0 · Management $549,234 · Fundraising $0$549,234
Part X · Balance sheet $476,020 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $348,199$476,020
X-16 Total assetsStart of year $348,199$476,020
X-19 Deferred revenueStart of year $32,500$254,500
X-26 Total liabilitiesStart of year $34,947$254,500
X-27 Net assets without donor restrictionsStart of year $313,252$221,520
X-32 Total net assets or fund balancesStart of year $313,252$221,520
X-33 Total liabilities and net assetsStart of year $348,199$476,020
Part XI · Reconciliation of net assets $221,520 net assets at year end
XI-1 Total revenue$457,502
XI-2 Total expenses$549,234
XI-3 Revenue less expenses−$91,732
XI-4 Net assets at start of year$313,252
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$221,520

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

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