American Maritime Congress
Nonprofit profile at a glance
- EIN
- 521090976
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2023478020
- Rating confidence
- Limited
Reported finances
- Revenue
- $1,124,855
- Expenses
- $984,906
- Assets
- $6,316,123
- Liabilities
- $77,232
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- FAIR KIM (PRESIDENT)
Highest reported compensation
- FAIR KIM (PRESIDENT): $201,508 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1) to study, examine, and research issues and problems affecting the american maritime industry ("ami") and other related modes of transportation. The subjects for study, examination, and research include, but are not limited to, education and promotional activities, medical, health, safety, employer-employee relations, rules, regulations, and laws applicable to the ami and other related modes of transportation; 2) to foster suitable standards for the welfare of the ami; 3) to improve communication between representatives of labor and management in the ami and other related modes of transportation; 4) to expand and improve working relationships between workers and managers in the ami and other related modes of transportation; and 5) to enhance the economic development of the ami and to study and explore ways of eliminating potential problems that reduce the competitiveness of the ami and inhibit its economic development.
What it reported doing in 2024
Provide information on recent developments in research, education, and legislative activity that affect u.s.-flag vessel operating companies in the international and domestic trades that have collective bargaining agreements with the marine engineers' beneficial association.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 65
- Accountability: 90
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.4%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 6.41; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 20.5%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.1% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $202K · 13 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $140K reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.