BOSTON SHIPPING ASSOCIATION INC Charity Report

Public IRS 990 nonprofit record

BOSTON SHIPPING ASSOCIATION INC

EIN 04-2034907 · Labor Unions (J40)

What they do

THE PURPOSE of THIS ASSOCIATION is to ASSIST IN ENCOURAGING FRIENDLY and HARMONIOUS RELATIONS BETWEEN SHIP OWNERS, SHIPPING AGENTS, CUSTOMS HOUSE BROKERS, FREIGHT FORWARDERS, CHARTERERS, CONTRACTING STEVEDORES and ALL OTHER INDIVIDUALS, FIRMS, and CORPORATIONS ENGAGED IN or AFFILIATED WITH THE MARITIME INTERESTS IN BOSTON and ITS VICINITY; to SERVE ITS MEMBERS IN THE NEGOTIATION and CARRYING OUT of LABOR AGREEMENTS BETWEEN EMPLOYERS and EMPLOYEES; to IMPROVE WORKING CONDITIONS IN THE SHIPPING INDUSTRY and to ENCOURAGE SOUND BUSINESS RELATIONSHIPS BETWEEN THE MEMBERS and THE EMPLOYEES; to PROMOTE THE GROWTH of MARITIME TRADE THROUGH THE PORT of BOSTON; ENCOURAGE and ASSIST FEDERAL, STATE and LOCAL GOVERNMENT, PUBLIC and PRIVATE ENTITIES IN AS A MARITIME STATE; to CARRY OUT ALL OTHER THINGS LAWFULLY PERMITTED UNDER CHAPTER 180 of THE GENERAL LAWS and AMENDMENTS THERETO.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $67.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

61.38%of revenue went to mission work67.1% of expenses · Program services

$91.46spent for every $100 of revenueRevenue covered expenses this year.

30.08%of revenue went to management and office costs32.9% of expenses

$1.61in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $332,518 for KELLY STRONG (BSA TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,897,278

Mission workProgram services$1,164,51561.38% of revenue67.1% of expenses

ManagementOffice and general costs$570,71730.08% of revenue32.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$162,0468.54% of revenueShown in gray on the chart

Total expenses$1,735,23291.46% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 67.1% mission · 32.9% management · 0.0% fundraisingTotal expenses: 91.46% of revenue

2022Expense mix: 67.1% mission · 32.9% management · 0.0% fundraisingTotal expenses: 96.09% of revenue

2021Expense mix: 67.1% mission · 32.9% management · 0.0% fundraisingTotal expenses: 113.74% of revenue

2020Expense mix: 67.1% mission · 32.9% management · 0.0% fundraisingTotal expenses: 106.26% of revenue

2019Expense mix: 70.3% mission · 29.7% management · 0.0% fundraisingTotal expenses: 101.03% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.58% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.98% of revenue

2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.79% of revenue

Money in and money out

Revenue$1,897,278

Expenses$1,735,232

Annual surplus $162,046 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,164,515 · 67.1% of expenses

Management and office costs$570,717 · 32.9% of expenses

See all reported dollar amounts

Revenue$1,897,278

Expenses$1,735,232

Assets$2,785,996

Income$1,897,278

Mission work (program services)$1,164,515

Management and general$570,717

Accounting fees$30,500

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KELLY STRONGBSA TRUSTEE · 25 hrs/week $332,518

DENNIS MINISCALCOCONTROLLER · 25 hrs/week $163,447

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

KELLY STRONGBSA TRUSTEE

DENNIS MINISCALCOCONTROLLER

BRIAN DAYSECRETARY-TREASURER

CHRIS ZUFFANTEBSA TRUSTEE

DAVID POWELLBSA TRUSTEE

GAVIN BLACKBSA TRUSTEE

GERARD BUCKLEYTRUSTEE

JOSEPH MORRISBSA TRUSTEE

MARSHALL GREENLANDTRUSTEE

NICK ELDRIDGEBSA TRUSTEE

RICK ELLIOTBSA TRUSTEE

RYAN COXBSA TRUSTEE

WILLIAM ELDRIDGEPRESIDENT

WILLIAM FLUKEBSA TRUSTEE

About this charity

Recognized since: January 1947
Location: 197 8TH STREET 775, CHARLESTOWN, MA 021294208
County: Suffolk
In care of: DENNIS MINISCALCO
Primary officer: DENNIS MINISCALCO, CONTROLLER

How to reach them

Phone(617) 242-3303

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: WALTER SHUFFAIN ADVISORS INC
NTEE classification: Labor Unions (J40)
IRS tax category: Labor Unions