NORTH CAROLINA SHIPPING ASSOCIATION INC Charity Report

Tax-exempt status may be revoked

NORTH CAROLINA SHIPPING ASSOCIATION INC

EIN 56-1360185

What they do

Promote and Improve Labor Relations Between Steamship Agents and Longshoremens Association

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

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 checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The 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 leaders5 people are listed in the latest report.

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

Money made simple

90.27%of revenue went to mission work100.0% of expenses · Program services

$90.28spent for every $100 of revenueRevenue covered expenses this year.

$2.18in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2020

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$187,551

Mission workProgram services$169,29790.27% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

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

Revenue left after expensesReported annual surplus$18,2549.73% of revenueShown in gray on the chart

Total expenses$169,29790.27% of revenue

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

Money in and money out

Revenue$223,051

Expenses$201,380

Annual surplus $21,671 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)$169,297 · 84.1% of expenses

See all reported dollar amounts

Revenue$223,051

Expenses$201,380

Assets$438,040

Contributions$223,051

Mission work (program services)$169,297

People

Leadership and board

Tax year 2020

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

ADAM BALDERSONMEMBER

BRITTANY MARGLESECRETARY

PAUL LOKEYPRESIDENT

TERRY SYNDORMEMBER

WILLIAM HELMSCONSULTANT

About this charity

Location: 346 Shipyard Blvd, Wilmington, NC 28412
County: New Hanover
In care of: Paul Lokey
Primary officer: Paul Lokey, President

How to reach them

Phone(910) 395-4888

Filing and classification

Latest tax year: 2020
Tax period began: January 1, 2020
Return type: 990
Tax preparer: CENTURY ACCOUNTING AND TAX SERVICES INC
Revocation date: May 15, 2024