Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TRANSPORTATION ASSESSMENTS

  total $4,522,814 · related or exempt $4,522,814

• 2b · Program service revenue: TRAINING FEES

  total $182,684 · related or exempt $182,684

• 2c · Program service revenue: MEMBERSHIP DUES

  total $9,500 · related or exempt $9,500

• 3 · Investment income

  total $717,947 · excluded $717,947

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

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $9,677,372

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

  securities $8,048,574

• 7c · Gain or loss

  securities $1,628,798

• 7d · Net gain or loss

  total $1,628,798 · excluded $1,628,798

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: OTHER INCOME

  total $87 · excluded $87

• 11e · Other revenue, total

  $87

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $334,033

• 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 $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $2,121,290

• 8 · Pension plan contributions

  total $262,171

• 9 · Other employee benefits

  total $123,775

• 10 · Payroll taxes

  total $119,596

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $552,501

• 11c · Fees: accounting

  total $30,980

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $202,920

• 11g · Fees: other

  total $254,755

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $6,510

• 14 · Information technology

  total $208,796

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $86,424

• 17 · Travel

  total $202,943

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $109,286

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $430,132

• 23 · Insurance

  total $19,519

• 24a · Other expenses: VMA ADMINISTRATIVE FEES

  total $1,341,100

• 24b · Other expenses: TRAINING PROGRAMS

  total $186,624

• 24c · Other expenses: DRUG & ALCOHOL PROGRAM

  total $112,126

• 24d · Other expenses: SPECIAL ACTIVITY

  total $110,702

• 24e · All other expenses

  total $631,475

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $280,293 · end of year $1,249,910

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $2,845,727 · end of year $2,276,627

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $296,509 · end of year $365,721

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

  $3,374,539

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

  $2,091,063

• 10c · Land, buildings and equipment, net

  beginning of year $1,371,527 · end of year $1,283,476

• 11 · Investments: publicly traded securities

  beginning of year $24,060,028 · end of year $23,609,627

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $1,863,004 · end of year $1,711,920

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $250 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $1,000,000 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,537,026 · end of year $1,643,233

• 27 · Net assets without donor restrictions

  beginning of year $24,453,804 · end of year $25,430,208

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A:

THE ASSOCIATION'S TRAVEL POLICY ALLOWS THE BOARD OF DIRECTORS TO APPROVE FIRST CLASS TRAVEL ACCOMODATIONS WHEN TRAVEL TO A PARTICULAR DESTINATION EXCEEDS A CERTAIN NUMBER OF HOURS.

SCHEDULE J, PART II RELATED ORGANIZATION:

ROW (II) REPORTS COMPENSATION FROM VIRGINIA MARITIME ASSOCIATION, A RELATED ORGANIZATION.