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Nonprofiteer
← STEAMSHIP TRADE ASSOCIATION OF BALTIMORE INC

Form 990 for tax year 2023

Filed by STEAMSHIP TRADE ASSOCIATION OF BALTIMORE INC.

What the amendment changed

Compared with the return it replaced , filed 7 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$6,084,137 changed to $4,633,451
Total expenses
$6,058,818 changed to $4,923,154
Program service revenue
$6,021,798 changed to $4,127,014
Investment income
$62,339 changed to $506,437
Total assets, end of year
$11,733,004 changed to $12,042,349
Total liabilities, end of year
$2,186,374 changed to $2,540,585
Net assets or fund balances, end of year
$9,546,630 changed to $9,501,764

Listed only on the later return

  • Bill Wade

Listed under a different title

  • Douglas Wolfe: Vice President then President

Totals

Total revenue
$4,633,451
Total expenses
$4,923,154
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,127,014
Investment income
$506,437
Other revenue
$0
Total assets, end of year
$12,042,349
Total liabilities, end of year
$2,540,585
Net assets or fund balances, end of year
$9,501,764
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Membership Dues & Assessments

    total $4,127,014 · related or exempt $4,127,014

  • 3 · Investment income

    total $23,780 · excluded $23,780

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $17,775

  • 6b · Less rental expenses

    real property $17,775

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $2,165,798

  • 7b · Less cost or other basis and sales expenses

    securities $1,683,141

  • 7c · Gain or loss

    securities $482,657

  • 7d · Net gain or loss

    total $482,657 · excluded $482,657

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $400,142

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $794,768

  • 8 · Pension plan contributions

    total $48,440

  • 9 · Other employee benefits

    total $554,211

  • 10 · Payroll taxes

    total $302,082

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $211,185

  • 11c · Fees: accounting

    total $23,045

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $34,739

  • 11g · Fees: other

    total $210,986

  • 12 · Advertising and promotion

    total $2,158

  • 13 · Office expenses

    total $40,934

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $52,047

  • 17 · Travel

    total $3,384

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $11,201

  • 20 · Interest

    total $1,837

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $98,895

  • 23 · Insurance

    total $51,662

  • 24a · Other expenses: TRAINING EXPENSES

    total $1,427,419

  • 24b · Other expenses: DRUG AND ALCOHOL TESTING

    total $229,970

  • 24c · Other expenses: PAYROLL PROCESSING EXPENSE

    total $107,066

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $71,700

  • 24e · All other expenses

    total $245,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,309 · end of year $867,618

  • 2 · Savings and temporary cash investments

    beginning of year $280,498 · end of year $151,557

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,424,830 · end of year $2,389,109

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $674,069 · end of year $1,839,009

  • 10a · Land, buildings and equipment: cost or other basis

    $5,095,619

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,818,634

  • 10c · Land, buildings and equipment, net

    beginning of year $2,394,603 · end of year $2,276,985

  • 11 · Investments: publicly traded securities

    beginning of year $5,709,595 · end of year $4,517,971

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $100 · end of year $100

  • 17 · Accounts payable and accrued expenses

    beginning of year $444,546 · end of year $699,034

  • 25 · Other liabilities

    beginning of year $1,741,828 · end of year $1,841,551

  • 27 · Net assets without donor restrictions

    beginning of year $9,546,630 · end of year $9,501,764

Mission and programs · 2023

Mission

The organization's core mission is labor management relations and promoting maritime trade in a safe, positive, technologically advanced environment.

  • The organization's core mission is labor management relations and promoting maritime trade in a safe, positive, technologically advanced environment.

As filed on the 2023 return.

Listed in Part VII

  • Douglas Wolfe

    President

    Total calculated
    $136,587
    From this org
    $136,587
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Hartman

    President

    Total calculated
    $113,867
    From this org
    $113,867
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christopher Payne

    Treasurer

    Total calculated
    $56,238
    From this org
    $56,238
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mark Schmidt

    Director

    Total calculated
    $13,125
    From this org
    $13,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Morgan Bailey

    Director

    Total calculated
    $13,125
    From this org
    $13,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bill Wade

    Director

    Total calculated
    $13,125
    From this org
    $13,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Mauro Dal Bo

    Director

    Total calculated
    $13,125
    From this org
    $13,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Dennis Murphy

    Director

    Total calculated
    $13,125
    From this org
    $13,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Greg Waidlich

    Director

    Total calculated
    $13,125
    From this org
    $13,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Michael Derby

    Director

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Shawn Olshefski

    Director

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • STA PORTAL STREET LLC

    REAL ESTATE HOLDING · MD · assets $1,589,976

    Directly controlled by STEAMSHIP TRADE ASSOCIATION OF BALTIMORE

  • STA-ILA DISPATCH CENTER LLC

    DISPATCH OF WORKERS · MD · income $784,971 · assets $81,076

    Directly controlled by STEAMSHIP TRADE ASSOCIATION OF BALTIMORE

  • STA TRAINING SCHOOL LLC

    TRAINING · MD · income $1,441,103 · assets $293,916

    Directly controlled by STEAMSHIP TRADE ASSOCIATION OF BALTIMORE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • STA OF BALTIMORE INFO SERVICES

    C CORP · PAYROLL PROCESSING · MD · 100% owned · share of income $288,117 · share of assets $204,365 · controlled entity

    Directly controlled by STEAMSHIP TRADE ASSO

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2025
IRS schema version
2023v6.0
Source object
202542069349300304

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