Skip to content
Nonprofiteer
← LIBERIAN SHIPOWNERS COUNCIL LTD

Form 990 for tax year 2022

Filed by LIBERIAN SHIPOWNERS COUNCIL LTD.

Totals

Total revenue
$463,149
Total expenses
$300,512
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$455,630
Investment income
$7,519
Other revenue
$0
Total assets, end of year
$901,411
Total liabilities, end of year
$10,455
Net assets or fund balances, end of year
$890,956
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

    total $455,630 · related or exempt $455,630

  • 3 · Investment income

    total $7,519 · excluded $7,519

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $160,032

  • 9 · Other employee benefits

    total $5,000

  • 10 · Payroll taxes

    total $11,526

  • 11c · Fees: accounting

    total $1,854

  • 11g · Fees: other

    total $11,140

  • 13 · Office expenses

    total $2,983

  • 19 · Conferences, conventions and meetings

    total $41,417

  • 23 · Insurance

    total $5,209

  • 24a · Other expenses: DUES

    total $44,066

  • 24b · Other expenses: TRAINING WORKSHOPS

    total $7,500

  • 24c · Other expenses: TELEPHONE

    total $3,632

  • 24d · Other expenses: PAYROLL FEES

    total $2,655

  • 24e · All other expenses

    total $3,498

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $728,337 · end of year $901,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $18 · end of year $10,455

  • 31 · Retained earnings, endowment or other funds

    beginning of year $728,319 · end of year $890,956

Mission and programs · 2022

Mission

TO SERVE AS A CONSULTATIVE ORGANIZATION FOR OWNERS AND OPERATORS OF LIBERIAN FLAG VESSELS AND TO PROMOTE THE MUTUAL INTERESTS OF SUCH OWNERS AND OPERATORS AND THE INTERNATIONAL SHIPPING INDUSTRY BY KEEPING MEMBERS APPRISED OF INDUSTRY DEVELOPMENTS AND BY PARTICIPATING ON BEHALF OF MEMBERS AT APPROPRIATE INTERNATIONAL AND NATIONAL MARINE TRANSPORTATION VENUES.

  • CONTINUED TO PROVIDE MEMBERS WITH INDUSTRY INTELLIGENCE THROUGH THE USE OF ADVANCE NOTICE OF ISSUES THAT IMPACT MEMBERS' BUSINESS.

  • CONTINUED TO REPRESENT THE MEMBERS OF THE LIBERIAN SHIPOWNERS' COUNCIL AND THEIR INTERESTS TO RELEVANT GOVERNMENT AND PUBLIC STAKEHOLDERS.

  • CONTINUED TO PROVIDE MEMBERS WITH RESEARCH AND ANALYSIS OF INDUSTRY ISSUES DEVELOPED AFTER DISCUSSIONS WITH SHIPOWNERS, INDUSTRY GROUPS AND DIRECT SOURCE CONTACTS.

  • TO SERVE AS A CONSULTATIVE ORGANIZATION FOR OWNERS AND OPERATORS OF LIBERIAN FLAG VESSELS AND TO PROMOTE THE MUTUAL INTERESTS OF SUCH OWNERS AND OPERATORS AND THE INTERNATIONAL SHIPPING INDUSTRY BY KEEPING MEMBERS APPRISED OF INDUSTRY DEVELOPMENTS AND BY PARTICIPATING ON BEHALF OF MEMBERS AT APPROPRIATE INTERNATIONAL AND NATIONAL MARINE TRANSPORTATION VENUES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Salvatore D'Amico

    DIRECTOR

    Total calculated
    $0

  • Charles Bud Darr

    DIRECTOR

    Total calculated
    $0

  • Adamantios M Lemos

    CHAIRMAN

    Total calculated
    $0

  • Mark Martecchini

    DIRECTOR

    Total calculated
    $0

  • Charis Plakantonaki

    DIRECTOR

    Total calculated
    $0

  • Vivek James Quadros

    DIRECTOR

    Total calculated
    $0

  • Capt Mk Sud

    DIRECTOR

    Total calculated
    $0

  • Kierstin Del Valle Lachtman

    SECRETARY GE

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202321329349301352

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.