Lloyds Register North America Inc
- Assets
- $72.5m
- Revenue
- $36.5m
- Investments
- $0.0
- Employees
- 114
- Location
- Houston, TX
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 76-0647353
Organization Overview
Lloyds Register North America Inc is located in Houston, TX. The organization was established in 2004. 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, Lloyds Register North America Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lloyds Register North America 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, Lloyds Register North America Inc generated $36.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $32.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SHIP SURVEYS TO ENSURE SAFETY QUALITY, AND ENVIRONMENTAL STANDARDS ARE MET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LLOYD'S REGISTER NORTH AMERICA, INC. PERFORMS SHIP SURVEYS TO ENSURE HIGH STANDARDS OF DESIGN, MANUFACTURE, CONSTRUCTION, MAINTENANCE, OPERATION, AND PERFORMANCE FOR THE PURPOSE OF ENHANCING LIFE AND PROPERTY AT SEA AND LAND. THE COMPANY ACTS ON BEHALF OF MANY GOVERNMENT AUTHORITIES IN SUCH CAPACITY IN RESPECT TO STATUTORY REQUIREMENTS RELATING TO SHIP SAFETY.
OTHER
LLOYD'S REGISTER NORTH AMERICA, INC. PROVIDES ENGINEERING SERVICES TO APPROVE THE DESIGN OF, SURVEY AND REPORT ON SHIPPING, ON AMPHIBIOUS AND LAND AND SEA-BED INSTALLATIONS, STRUCTURE, PLANTS, ETC. ON TRANSPORTS OF ALL KINDS; ON MACHINERY, APPARATUS, MATERIAL, COMPONENTS, EQUIPMENT, PRODUCTION METHODS AND PROCESSES OF ALL KINDS FOR THE PURPOSE OF ASSESSING COMPLIANCE WITH REGULATIONS, APPLICABLE CODES AND CONVENTIONS, AND REVELANT STATUTORY PROVISIONS OF THEIR FITNESS FOR PARTICULAR SPECIFIED REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John D Hicks President | OfficerTrustee | 40 | $324,872 |
Danielle Carlson Secretary | OfficerTrustee | 40 | $267,985 |
Mark Christopher Haskell Delivery Man | 40 | $214,881 | |
Rafael Riva Basurto Commercial M | 40 | $224,272 | |
Joseph H Bollerman Global Pssc | 40 | $187,590 | |
Jasbir Dosanjh Csrs Manager | Officer | 40 | $199,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maththew Michael Miller Industrial Inspectio | 6/29/16 | $23,222 |
Bruce Kippley Industrial Inspectio | 6/29/16 | $66,345 |
Syed Afaq Industrial Inspectio | 6/29/16 | $29,629 |
Compliance Integrity Assurance Industrial Inspectio | 6/29/16 | $285,157 |
Wavecrest Offshore Solutions Inc Industrial Inspectio | 6/29/16 | $32,685 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $34,099,728 |
| Investment income | $0 |
| 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 | $36,474,575 |
| 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. | $2,116,874 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,596,885 |
| Pension plan accruals and contributions | $681,009 |
| Other employee benefits | $1,668,008 |
| Payroll taxes | $71,547 |
| Fees for services: Management | $4,405,141 |
| Fees for services: Legal | $180,796 |
| Fees for services: Accounting | $80,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466,985 |
| Advertising and promotion | $108,465 |
| Office expenses | $140,499 |
| Information technology | $1,306,213 |
| Royalties | $0 |
| Occupancy | $139,217 |
| Travel | $363,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,188 |
| Interest | $137,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,595 |
| Insurance | $258,436 |
| All other expenses | $0 |
| Total functional expenses | $32,579,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,347,913 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,604,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | -$1,903,250 |
| Prepaid expenses and deferred charges | $4,230,024 |
| Net Land, buildings, and equipment | $273,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,975,000 |
| Total assets | $72,527,638 |
| Accounts payable and accrued expenses | $25,596,207 |
| Grants payable | $0 |
| Deferred revenue | $1,497,637 |
| 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 | $241,276 |
| Total liabilities | $27,335,120 |
| Net assets without donor restrictions | $0 |
| 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 | $6,500,000 |
| Retained earnings, endowment, accumulated income, or other funds | $38,692,518 |
| Total liabilities and net assets/fund balances | $72,527,638 |