International Superyacht Society Inc
- Assets
- $173.2k
- Revenue
- $445.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 65-1061502
Organization Overview
International Superyacht Society Inc is located in Fort Lauderdale, FL. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Superyacht Society 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 12/2023, International Superyacht Society Inc generated $445.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $384.8k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE SUSTAINABILITY AND EXCELLENCE IN THE GLOBAL YACHTING INDUSTRY. THE ISS MANDATE INCLUDES FOUR SPECIFIC AREAS OF FOCUS: INDUSTRY RECOGNITION THROUGH AWARDS THAT FOSTER BEST BUSINESS PRACTICES, EDUCATIONAL SEMINARS, MEMBERSHIP, NETWORKING EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RETURNED TO A FULL-SIZE AWARDS GALA WHERE RECOGNITION WAS GIVEN TO INDIVIDUALS FOR THEIR OUTSTANDING ACCOMPLISHMENTS IN 2023. BETWEEN 300 AND 350 ATTENDED THE GALA, WHICH IS HELD IN CONJUNCTION WITH THE FT LAUDERDALE INTL BOAT SHOW (FLIBS). THE DESIGN AWARDS ARE GIVEN IN TEN YACHT CATEGORIES, WITH FIVE AWARDS OF DISTINCTION. THIS RECOGNITION IS WIDELY RECOGNIZED AS THE ONE AWARD PROGRAM THAT MATTERS MOST TO OWNERS, BUILDERS & DESIGNERS SINCE THEIR SELECTION IS BASED ON UNBIASED INDUSTRY INPUT AND THE FINALISTS ARE CHOSEN BY A GROUP OF THE INDUSTRYS MOST PROLIFIC DESIGNERS AND BUILDERS.
MIXERS: THE MONACO MIXER IS A NETWORKING EVENT IN THE MEDITERRANEAN FOR MEMBERS AND COLLEAGUES LIVING AND WORKING ON THAT SIDE OF THE WORLD WHO DO NOT OFTEN HAVE THE OPPORTUNITY TO ATTEND FLIBS OR OTHER EVENTS. IT ALLOWS THE ORGANIZATION TO RECOGNIZE SPONSORS IN THEIR AREAS OF EXPERTISE. THE PALM BEACH MIXER IS ALSO A NETWORKING EVENT AVAILABLE TO INTERNATIONAL MEMBERS VISITING THE BOAT SHOW. IT GIVES RECOGNITION TO OUR SPONSORS IN THEIR AREA OF EXPERTISE, WHICH HELPS BUSINESS GROWTH IN THE YACHTING INDUSTRY.
FLIBS ANNUAL MEMBERS BREAKFAST AND SEMINAR HELD DURING THE FT LAUDERDALE INTL BOAT SHOW (FLIBS). THE EVENT INCLUDES A REVIEW OF THE YEAR, AND AN EDUCATIONAL TOPIC CONCERNING THE YACHTING INDUSTRY. IT SHOWCASES THE AREA OF EXPERTISE OF THE ISS, AND CONTRIBUTES TO THE GROWTH OF BUSINESSES IN THE YACTHING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Allen Immediate Past President | OfficerTrustee | 0 | $0 |
Erin Ackor President & Director | OfficerTrustee | 6 | $0 |
John Venables Treasurer & Director | OfficerTrustee | 1 | $0 |
Rebecca Cahilly Taranto Member Rep & Director | OfficerTrustee | 1 | $0 |
Melissa Orlick Vice-President & Director | OfficerTrustee | 3 | $0 |
Brendan O'shannassy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,216 |
| Total Program Service Revenue | $229,742 |
| Investment income | $7 |
| 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 | $444,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $105,208 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,535 |
| Travel | $5,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,946 |
| All other expenses | $16,044 |
| Total functional expenses | $384,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,094 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,237 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $46,680 |
| Total liabilities | $46,680 |
| Net assets without donor restrictions | $126,557 |
| 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 | $173,237 |