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Proximate Shippers Association INC

Not tax-deductible

Arlington, TN501(c)(6)Community Development EIN 83-3138089Latest return filed May 15, 2024

On file with the IRSproximateshippers.comArlington, TNTax-exempt since Oct 2020

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Proximate Shippers Association was established to promote common business interests within the ocean carrier transportation industry on behalf of its members through collective negotiation to ensure cost effectiveness and equitable trade for the industry as a whole.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $27K a year · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$155K
×172 of total assets
Concern: liabilities are 17200% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$11K
To programs
0%
Net assets
−$154K
By yearFY2020–FY2023
Revenue
$0
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
Expenses
$11K
FY2023▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020$67K
FY2021$16K
FY2022$14K
FY2023$11K
Net assets
−$154K
FY2023▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$113K
FY2021−$128K
FY2022−$143K
FY2023−$154K

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 2020.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $11K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Antao Chien
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Clive Wu
President
$0Pt VII · Sec A
Scott Bales
Secretary
$0Pt VII · Sec A
See Proximate Shippers Association INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Negotiates shipping costs and trade terms for ocean carrier members.

Questions for Proximate Shippers Association INC

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1 program · in their own filed words · FY2023
01

Program services consist of negotiating and managing transporation services on behalf of its beneficial cargo owner member shippers with ocean carrier transportation companies that are retained to transport products being shipped to the united states on behalf of foreign manufacturers and other foreign shippers.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$11K
Ln 25
Managementcol C$11K
Owns and owesPt X
−$154K
net assets · Ln 32
Cash and savingsLn 1–2$907
Total assetsLn 16$907
LiabilitiesLn 26$155K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$907
Cash and savings togetherLn 1–2$907
Total assetsLn 16$907
LiabilitiesLn 26$155K
Net assetsLn 32−$154K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$3K$907
Total assetsLn 16$3K$907
LiabilitiesLn 26$146K$155K
Net assetsLn 32−$143K−$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$3K$3K
Accounting feesLn 11c$1K$1K
InterestLn 20$7K$7K
Other expenses (24a–d)Ln 24$20$20
Total functional expensesLn 25$11K$0$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS May 15, 2024 $0$11K−$11K−$154K 990 PDF
FY2022Filed with the IRS May 15, 2023 $0$14K−$14K−$143K 990 PDF
FY2021Filed with the IRS May 12, 2022 $0$16K−$16K−$128K 990 PDF
FY2020Filed with the IRS May 17, 2021 $0$67K−$67K−$113K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$0
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$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,446$11,268
I-18 Total expensesPrior year $14,446$11,268
I-19 Revenue less expensesPrior year −$14,446−$11,268
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $11,268 across 4 lines filed
IX-11a Management feesManagement $3,343$3,343
IX-11c Accounting feesManagement $1,000$1,000
IX-20 InterestManagement $6,905$6,905
IX-24 Other expenses (24a–d)Management $20$20
IX-25 Total functional expensesPrograms $0 · Management $11,268 · Fundraising $0$11,268
Part X · Balance sheet $907 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,270$907
X-16 Total assetsStart of year $3,270$907
X-17 Accounts payable and accrued expensesStart of year $6,950$6,950
X-22 Loans from officers and insidersStart of year $9,990$9,990
X-24 Unsecured notes and loans payableStart of year $128,914$137,819
X-26 Total liabilitiesStart of year $145,854$154,759
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$142,584−$153,852
X-32 Total net assets or fund balancesStart of year −$142,584−$153,852
X-33 Total liabilities and net assetsStart of year $3,270$907
Part XI · Reconciliation of net assets −$153,852 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$11,268
XI-3 Revenue less expenses−$11,268
XI-4 Net assets at start of year−$142,584
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$153,852

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

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