American Association Of Port Authorities Inc
- Assets
- $3.2m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Washington, DC
- Founding
- 05/1922
- Data as of
- 06/2022
- EIN
- 53-0193338
Organization Overview
American Association Of Port Authorities Inc is located in Washington, DC. The organization was established in 1922. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, American Association Of Port Authorities Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Port Authorities Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, American Association Of Port Authorities Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 12.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, American Association Of Port Authorities Inc has awarded 17 individual grants totaling $773,207. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AAPA IS A TRADE ASSOCIATION THAT REPRESENTS THE INTERESTS OF THE PUBLIC PORT INDUSTRY IN THE U.S., CANADA, LATIN AMERICA, AND THE CARIBBEAN REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - THE ASSOCIATION PERFORMS VARIOUS MEMBER SERVICES ACTIVITIES INCLUDING THE FOLLOWING: SEMINARS AND SPRING CONFERENCE: THE ASSOCIATION PERFORMS 10-12 MARITIME INDUSTRY TRAINING PROGRAMS EACH YEAR INCLUDING SUCH TOPICS AS SHIFTING TRADE, PUBLIC RELATIONS, SMART PORTS AND CAPITAL PROJECTS.PROFESSIONAL PORT MANAGER ("PPM") PROGRAM: THE PPM IS AN UNPARALLELED INDUSTRY CREDENTIAL DESIGNED TO SHAPE THE FUTURE OF PORT LEADERSHIP AND ENHANCE PORT MANAGEMENT PROFESSIONALISM. THE INDUSTRY RECOGNIZED PORT CERTIFICATE WILL HELP ENHANCE THE CAREERS OF LOW TO MID LEVEL PORT EMPLOYEES/MARITIME PROFESSIONALS AS WELL AS THOSE NEW TO THE INDUSTRY.TOOLKIT: THE ASSOCIATION HAS SIGNED A COOPERATION AGREEMENT WITH THE U.S. MARITIME ADMINISTRATION TO WORK TOGETHER ON A PORT PLANNING AND INVESTMENT TOOLKIT. THE GOAL OF THIS PROJECT IS TO DEVELOP TOOLS THAT WILL ASSIST PORTS IN OBTAINING FUNDING IN A VARIETY OF WAYS: (1) IMPROVE THE CHANCES OF GETTING PORT INFRASTRUCTURE PROJECTS IN MPO AND STATE TRANSPORTATION PLANS IN ORDER TO RECEIVE FORMULA FUNDING; (2) BETTER POSITION PORT PROJECTS FOR FEDERAL FUNDING SUCH AS BILLED GRANTS; AND (3) ASSIST PORTS IN OBTAINING PRIVATE SECTOR FUNDING.
ADVOCACY - THE ASSOCIATION INFLUENCES PUBLIC POLICY AS THE PORTS' RECOGNIZED VOICE IN WASHINGTON. THE ASSOCIATION'S HIGHEST PRIORITY IS THE ADVANCEMENT OF PORT AND FREIGHT TRANSPORTATION POLICIES THAT SUPPORT THE MEMBERSHIP'S ROLE IN DELIVERING ECONOMIC PROSPERITY. THE ASSOCIATION AND ITS MEMBERSHIP HAVE ALSO EMBARKED ON A STRATEGIC AWARENESS INITIATIVE CALLED SEAPORTS DELIVER PROSPERITY, TO GARNER ADDITIONAL SUPPORT FOR SEAPORTS AND INDUSTRY ISSUES BY HEIGHTENING THE AWARENESS OF THE CRITICAL IMPORTANCE OF PORTS.
CONVENTION - THE CONVENTION AND EXPO IS THE ASSOCIATION'S LARGEST MEMBERSHIP MEETING OF THE YEAR. HELD EVERY FALL IN A DIFFERENT CITY, THE CONVENTION INCLUDES TECHNICAL AND POLICY COMMITTEE MEETINGS, BUSINESS SESSIONS AND SOCIAL EVENTS ALLOWING PORT PROFESSIONALS AND STAKEHOLDERS IN THE MARINE TRANSPORTATION INDUSTRY TO EXCHANGE VIEWS AND EXPAND BUSINESS CONTACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario Cordero Chair | OfficerTrustee | 1 | $0 |
Sean Hanrahan Board Member As Of Oct. 2021 | OfficerTrustee | 1 | $0 |
Lisa Lefeber Board Member As Of Oct. 2021 | OfficerTrustee | 1 | $0 |
William Friedman Imm. Past Chair Until Sept. 2021 | OfficerTrustee | 1 | $0 |
Vanta Coda Board Member As Of Oct. 2021 | Trustee | 1 | $0 |
Sean Strawbridge Board Member As Of Oct. 2021 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Global Event Team Event Planning | 6/29/22 | $692,110 |
Barbara R Murray & Associates Consulting | 6/29/22 | $193,300 |
Ivy Tech Community College Consulting | 6/29/22 | $147,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,283,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,283,419 |
| Total Program Service Revenue | $4,892,684 |
| Investment income | $948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,177,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $523,163 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,625,084 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,107 |
| Pension plan accruals and contributions | $100,391 |
| Other employee benefits | $163,664 |
| Payroll taxes | $137,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,272 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $44,408 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $654,410 |
| Advertising and promotion | $60,452 |
| Office expenses | $260,076 |
| Information technology | $265,833 |
| Royalties | $0 |
| Occupancy | $65,870 |
| Travel | $167,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,350,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,483 |
| Insurance | $16,310 |
| All other expenses | $5,264 |
| Total functional expenses | $6,224,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,117,158 |
| Savings and temporary cash investments | $177,735 |
| Pledges and grants receivable | $105,609 |
| Accounts receivable, net | $95,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $622,333 |
| Net Land, buildings, and equipment | $93,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,212,046 |
| Accounts payable and accrued expenses | $660,223 |
| Grants payable | $0 |
| Deferred revenue | $1,564,029 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,224,252 |
| Net assets without donor restrictions | $987,794 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,212,046 |
Grants Awarded
Over the last fiscal year, American Association Of Port Authorities Inc has awarded $510,663 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH COMMUNITY COLLEGE PURPOSE: 62 APPRENTICESHIPS SUBMITTED IN ACCELERATE, ORIENTATION SESSIONS. | $92,286 |
OCEANEERING INTERNATIONAL INC PURPOSE: ENROLL/COMPLETE 22 APPRENTICES IN REGISTERED APPRENTICESHIP PROGRAM | $22,000 |
CROWDER COLLEGE PURPOSE: APPRENTICESHIP PROGRAM | $60,000 |
MCCARTHY HOLDINGS INC PURPOSE: APPRENTICESHIP PROGRAM | $30,727 |
FRANKLIN APPRENTICESHIPS LLC PURPOSE: APPRENTICESHIP PROGRAM | $26,400 |
AMERICOLD LOGITICS PURPOSE: APPRENTICESHIP PROGRAM | $31,750 |