Overview
What is Worldscale Association (Nyc) Inc?
Worldscale Association (Nyc) Inc is a nonprofit organization situated in New York, New York, specifically at 15 Maiden Lane, 505. Its primary focus is on serving the maritime sector of the oil industry by calculating international freight rates according to the Worldscale formula. By subscribing to the organization's service, members receive these rates as a standard reference, which are then uploaded to the Worldscale Association (Nyc) Inc's website. The organization's mission is to analyze shipping costs and share its findings with its subscribing members in the shipping industry. Currently, Worldscale Association (Nyc) Inc boasts around 200 paid subscribers and employs a team of eight individuals.
Official website here: www.worldscale-usa.com
Is Worldscale Association (Nyc) Inc legitimate?
Worldscale Association (Nyc) Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Worldscale Association (Nyc) Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $542,201
Professional Fundraising Fees: $0
Other Salaries and Wages: $504,865
For more financial information, click here
Official website here: www.worldscale-usa.com
What is the mission statement of Worldscale Association (Nyc) Inc?
The Worldscale Association (Nyc) Inc's mission is centered around analyzing shipping costs within the maritime sector of the oil industry. Utilizing the Worldscale formula, they calculate international freight rates and make these findings available to subscribing members. This information serves as a standard of reference, getting uploaded to the association's website for the subscribers' use. Currently, the Worldscale Association (Nyc) Inc boasts approximately 200 paid subscribers.
Official website here: www.worldscale-usa.com
What is the revenue of Worldscale Association (Nyc) Inc?
Worldscale Association (Nyc) Inc's revenue in 2023 was $1,427,126.
Official website here: www.worldscale-usa.com
Who are the executives of Worldscale Association (Nyc) Inc and what are their salaries?
The average compensation at Worldscale Association (Nyc) Inc during 2023 was $130,883. There are 8 employees at Worldscale Association (Nyc) Inc.
Here are 10 key members and their salaries:
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $232,239
- Related: $0
- Other: $68,557
- Compensation: $152,238
- Related: $0
- Other: $62,557
- Compensation: $114,946
- Related: $0
- Other: $28,278
Official website here: www.worldscale-usa.com
Where can I find the form 990 for Worldscale Association (Nyc) Inc?
Worldscale Association (Nyc) Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.worldscale-usa.com
Learn more at the official website: www.worldscale-usa.com
Mission Statement of Worldscale Association (Nyc) Inc
Worldscale Association (Nyc) Inc is an organization dedicated to serving the maritime sector of the oil industry. Its primary mission is to analyze shipping costs and share its findings with subscribing members. By utilizing the Worldscale formula as a standard of reference, the association calculates nominal freight rates and uploads these rates to its website for the benefit of its approximately 200 paid subscribers in the shipping industry. In essence, Worldscale Association (Nyc) Inc serves as a reliable source of information, helping its members navigate the complex world of international freight rates.
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Impact
October, 2024
Worldscale Association (Nyc) Inc significantly influences the maritime sector of the oil industry by providing vital data on international shipping costs. By calculating freight rates using the Worldscale formula, it offers a standardized reference for its approximately 200 subscribing members, including shipping companies and industry stakeholders. This access to accurate and reliable freight rate information enables these members to make informed financial and operational decisions, ultimately enhancing efficiency and transparency within the shipping industry. The organization's findings, published on its website, serve as a crucial resource for navigating the complexities of shipping costs, thereby fostering improved planning and budgeting practices across the maritime sector.
This information is meant to be a general summary of Worldscale Association (Nyc) Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $78,820
- Program Service Revenue: $1,423,483
- Gross Receipts: $2,989,846
Assets and Liabilities:
- Total Assets: $4,101,775
- Total Liabilities: $1,783,118
- Net Assets: $2,318,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTIONS
Revenue
$1,423,483
Organization Details
Founding Year
1972
Principal Officer
Thomas Cumming
Website
www.worldscale-usa.comNTEE Category
Code: Z99 - Unknown
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