2012-05-10T11:15:42-07:00 2011-09-30 990 2010-10-01 135637319 NEW YORK SHIPPING ASSOCIATION INC NEWY 7324527800 333 Thornall Street Suite 3A Edison NJ 08837 Daniel Massaro 7324527800 2012-04-30 2010 2016-02-24 21:20:13Z Joseph C Curto 333 Thornall Street Suite 3A Edison NJ 08837 257628612 0 X www.nysanet.org X 1955 NY To represent the interests of its members in maximizing the efficiency, cost-competitiveness, safety and quality of marine cargo operations in the Port of New York and New Jersey. 19 18 35 0 0 0 0 0 255850305 257584356 2811 44256 0 0 255853116 257628612 0 0 224295575 217968109 6432215 7350114 0 0 0 5341660 5246290 236069450 230564513 19783666 27064099 86002309 112773124 40444936 43473300 45557373 69299824 New York Shipping Association, Inc. is an association of various employers of waterfront labor and ocean carrier companies engaged in the shipping industry in the Port of New York and New Jersey (PONY/NJ). Program service expenses relate to negotiating and administering collective bargaining agreements between the members of New York Shipping Association, Inc. and representatives of their waterfront employees. 0 0 0 0 257628612 New York Shipping Association, Inc. is an association of various employers of waterfront labor and ocean carrier companies engaged in the shipping industry in the Port of New York and New Jersey (PONY/NJ). Program service expenses relate to negotiating and administering collective bargaining agreements between the members of New York Shipping Association, Inc. and representatives of their waterfront employees. 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 X 24 0 1 35 1 0 0 0 0 0 0 X 19 18 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X Daniel Massaro 7324527800 333 Thornall Street Suite 3A Edison NJ 08837 Dave Adam 1 X 0 0 0 Tom Aldridge 1 X 0 0 0 Richard Breffeilh 1 X 0 0 0 Ian Cairns 1 X 0 0 0 Rainer P Dehe 1 X 0 0 0 James J Devine 1 X 0 0 0 Frank Grossi 1 X 0 0 0 Gary R Jones 1 X 0 0 0 John V Keenan 1 X 0 0 0 Capt TR Lee 1 X 0 0 0 Sam Martinovic 1 X 0 0 0 Ray McDermott 1 X 0 0 0 William J Messina 1 X 0 0 0 Robert Milazzo 1 X 0 0 0 John Nardi 1 X 0 0 0 Dominick C Obrigkeit 1 X 0 0 0 Mike Poltrack 1 X 0 0 0 Tami Porter 1 X 0 0 0 Mike Radak 1 X 0 0 0 Anthony Ray 1 X 0 0 0 Robert Stephens 1 X 0 0 0 Joseph Curto 40 X X 290144 0 132522 James P Melia 40 X 300424 0 468778 Daniel Massaro 40 X 165399 0 58800 Anthony Petrizzo 40 X 214366 0 196267 Kenneth Karahuta 40 X 158627 0 101456 James H Cobb 40 X 135094 0 112309 Beverly H Fedorko 40 X 128158 0 103298 Steven Pessel 40 X 122854 0 30272 1515066 0 1203702 10 0 1 0 The Lambos Firm LLP 303 South Broadway Suite 410 Tarrytown NY 10591 Legal Services 444900 Paul F Richardson Associates Inc 6 South Holmdel Road Holmdel NJ 07733 Consulting 137505 Grant Thornton LLP 33570 Treasury Center Chicago IL 60694 Audit 155530 3 0 Assessments 900099 257577006 257577006 0 0 Membership Dues 900099 7350 7350 0 0 0 0 0 0 257584356 44256 0 0 44256 0 0 0 0 0 0 0 0 0 0 0 0 0 257628612 257584356 0 44256 217968109 898371 0 3001910 276436 2922371 251026 0 646411 114996 0 0 0 332773 36310 30981 494743 0 619638 122489 0 42469 0 0 1024338 737047 Telephone 72495 Printed Materials 54193 Freight 24427 Dues & Subscriptions 34536 Security Program 156000 702444 230564513 0 0 0 0 0 55339017 82687438 0 0 19660337 19179205 0 0 0 0 0 0 0 0 8943852 8789758 8601704 6937100 1822996 1664604 0 0 0 0 0 0 0 0 236107 452119 86002309 112773124 14680018 18133748 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25764918 25339552 40444936 43473300 X 45557373 69299824 0 0 0 0 45557373 69299824 86002309 112773124 X 27064099 -3321648 X 0 1 0 X 0 65230 0 282814 0 282814 0 0 0 0 257577006 348044 0 348044 0 0 348044 SchC_P1A_S00_L01 Schedule C, Part I-A, Line 1 New York Shipping Association ("NYSA") undertakes very minimal political activities. For the year ended September 30, 2011, NYSA contributed small amounts to various events held for election/campaign funds of various public officials/organizations. SchC_P1C_S00_L04 Schedule C, Part I-C, Line 4 New York Shipping Association is not required to file a Form 1120-POL as it is not subject to the Internal Revenue Code Section 527 (f) Tax. Taxable Income for an exempt Organization (under Section 501) that is not a political organization is the smaller of its net investment income or the amount spent for an exempt function during the year. New York Shipping Association's net income for purposes of calculating the Section 527 (f) tax is $0 as its investment expenditures exceed its investment income. 0 0 0 0 0 0 0 2304074 0 1908900 395174 3208544 0 2161867 1046677 3089086 0 2866333 222753 1664604 0 NYSA-ILA and NYSA-PPGU Funds Liabilities 25339552 25339552 SchD_P10_S00_L01 Schedule D, Part X, Line 1 NYSA-ILA and NYSA-PPGU Liabilities are contract liabilities to benefit funds such as Pension, Vacation and Hoilday, and Welfare Funds. SchD_P10_S00_L02 Schedule D, Part X, Line 2 The Company follows guidance that established criterion that an individual tax position must meet for some or all of the benefits of that position to be recognized in an entity's financial statements. This standard requires the Company to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The Company has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions. The tax years ending 2008, 2009 and 2010 are still open to audit for both federal and state purposes. This standard has not had an impact on the Company's consolidated financial statements. X X 1 1 X X 0 0 0 James H Cobb 117894 0 10000 0 7200 0 79887 0 32422 0 247403 0 0 0 Joseph Curto 255544 0 25000 0 9600 0 100100 0 32422 0 422666 0 0 0 Beverly H Fedorko 117995 0 10000 0 163 0 100858 0 2277 0 231293 0 0 0 Kenneth Karahuta 146427 0 5000 0 7200 0 101456 0 0 0 260083 0 0 0 Daniel Massaro 140339 0 25000 0 0 0 13019 0 45781 0 224139 0 0 0 James P Melia 240824 0 50000 0 9600 0 436356 0 32422 0 769202 0 0 0 Anthony Petrizzo 176388 0 25000 0 12978 0 189942 0 0 0 404308 0 0 0 Steven Pessel 115354 0 7500 0 0 0 15268 0 15004 0 153126 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a As per New York Shipping Association, Inc. policy, the President (and spouse, if applicable) is entitled to travel via First or Business Class when attending industry related functions. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The association undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees of organization is reasonable given the market in which the association operates. In relevant part, the board of directors has established a compensation committee of independent persons that have no personal interest in the proposed compensation agreement. The compensation committee will then set the compensation for the relevant executive. SchJ_P02_S00_L00 Schedule J, Part II Amounts reported in Schedule J Part II Column C Deferred Compensation reflect the change in the Actuarial Value of the individual's Defined Benefit Plan. F990_P05_S00_L03a Form 990, Part V, Line 3a New York Shipping Association, Inc. does not undertake any unrelated business activities. The organization files a Form 990-T solely to report its liability for Proxy Tax. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 New York Shipping Association, Inc. is recognized by the Internal Revenue Service as an Internal Revenue Code 501(c)(6) Membership Association. By definition, the Association has members. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 was prepared internally by New York Shipping Association, Inc.'s financial department. The form is reviewed by CFO and general counsel of the Association prior to filing. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each officer, director, trustee and key employee of the Association is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the Association. The Association monitors compliance with its Conflict of Interest policy through an annual disclosure form that is distributed to these individuals. Potential conflicts are investigated immediately. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Association undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of its officers and key employees of the organization is reasonable given the market in which the Association operates. In relevant part, the Board of Directors has established a compensation committee of independent persons that have no personal interest in the proposed compensation agreement. The compensation committee will then set the compensation for the relevant executive. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The Association makes its Form 990 available to the public by retaining a copy at its place of business. The Form 990 is likewise published on the internet at www.guidestar.org. The Association's financial statements, governing documents and conflict of interest policy are not ordinarity made available to the public, but, if requested, will be provided at management's discretion. F990_P11_S00_L05 Form 990, Part XI, Line 5 The organization did not change its method of accounting. The changes are due to the normal course of business. Amount represents adjustment to recognize minimum pension liability. New York Shipping Association Inc Political Action Committee 333 Thornall Street Suite 3A Edison NJ 08837 274497163 Political Organization NJ 527 New York Shipping Association Inc 1 New York Shipping Assurance Association Inc 100 Bank Street Suite 610 Burlington VT 05401 205460808 Insurance VT N/A C -447939 3000673 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 New York Shipping Association, Inc. filed form 8868 Application for Extention of time to file an Exempt Organization Return February 1, 2012.