Overview
What is American Bureau Of Shipping?
The American Bureau of Shipping (ABS) is a renowned classification society, founded in 1862, with the primary mission of setting safety standards for the marine and offshore industries. Achieving this goal involves the creation and implementation of technical guidelines, referred to as Rules, which govern the design, construction, and ongoing maintenance of ships and related marine facilities. ABS carries out this commitment through a global network of offices in over 60 countries, offering classification services that certify adherence to these Rules. In addition, ABS provides statutory audit services on behalf of regulatory bodies and flag state registries in over 100 countries. The American Bureau of Shipping's workforce of 1363 individuals is dedicated to promoting the safety of life and property, as well as preserving the natural environment.
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What are the reviews and ratings of this charity?
The American Bureau Of Shipping is not currently rated by Charity Navigator. This lack of rating signifies that the organization has not been evaluated, rather than implying a positive or negative status. Historically, ratings from Charity Navigator have mainly focused on what aligns with today's Accountability and Finance scores, which are rooted in financial transparency and responsibility.
Due to its classification, the American Bureau Of Shipping is not a 501(c)(3) nonprofit, and thus is not eligible for Charity Navigator's evaluation process that includes Impact, Measurement, Leadership, and Community factors among others. Consequently, data on their revenue, expenses, and key personnel salaries remain unavailable, limiting the insights into their financial operations and transparency.
As no user reviews from GreatNonprofits are available, public feedback specific to the American Bureau Of Shipping is lacking. This absence of user reviews means that personal narratives and testimonials that typically give depth to understanding an organization's community engagement and impact are unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is American Bureau Of Shipping legitimate?
American Bureau Of Shipping is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Bureau Of Shipping 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: $20,978,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $182,768,272
For more financial information, click here
Official website here: www.eagle.org
What is the mission statement of American Bureau Of Shipping?
The American Bureau of Shipping (ABS) is dedicated to enhancing public safety and safeguarding property and the environment. This mission is accomplished by creating and implementing technical standards for the design, construction, and maintenance of ships and marine-related facilities. Through the certification process, known as classification, ABS ensures that vessels and facilities adhere to these standards. ABS, established in 1862, is a global leader in marine and offshore safety, with a presence in over 60 countries and a commitment to maintaining records of certified ships and facilities throughout their operational lifetimes. Apart from classification services, ABS also offers statutory audits on behalf of various regulators and flag state registries.
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Who is the CEO of American Bureau Of Shipping?
Laura C Fulton is the Chairman, President And Ceo of American Bureau Of Shipping. The CEO's salary of American Bureau Of Shipping is $512,482 and their total compensation is $512,482.
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What is the revenue of American Bureau Of Shipping?
American Bureau Of Shipping's revenue in 2022 was $487,783,327.
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Who are the executives of American Bureau Of Shipping and what are their salaries?
The average compensation at American Bureau Of Shipping during 2022 was $149,484. There are 1363 employees at American Bureau Of Shipping.
Here are 38 key members and their salaries (American Bureau Of Shipping's CEO's salary is $512,482 and their total compensation is $512,482):
- Compensation: $2,965,585
- Related: $0
- Other: $118,451
- Compensation: $210,000
- Related: $0
- Other: $0
- Compensation: $210,000
- Related: $0
- Other: $0
- Compensation: $210,000
- Related: $0
- Other: $0
- Compensation: $200,000
- Related: $0
- Other: $0
- Compensation: $230,000
- Related: $0
- Other: $0
- Compensation: $210,000
- Related: $0
- Other: $0
- Compensation: $215,000
- Related: $0
- Other: $0
- Compensation: $225,000
- Related: $0
- Other: $0
- Compensation: $183,333
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,053,596
- Related: $0
- Other: $103,264
- Compensation: $458,160
- Related: $0
- Other: $144,459
- Compensation: $447,562
- Related: $0
- Other: $108,470
- Compensation: $1,587,557
- Related: $0
- Other: $14,003
- Compensation: $331,400
- Related: $0
- Other: $4,201
- Compensation: $806,688
- Related: $0
- Other: $195,463
- Compensation: $712,609
- Related: $0
- Other: $420,127
- Compensation: $393,753
- Related: $0
- Other: $110,869
- Compensation: $325,611
- Related: $0
- Other: $78,839
- Compensation: $479,045
- Related: $0
- Other: $27,687
- Compensation: $938,046
- Related: $0
- Other: $20,143
- Compensation: $288,578
- Related: $0
- Other: $27,687
- Compensation: $230,976
- Related: $0
- Other: $27,687
- Compensation: $411,492
- Related: $0
- Other: $0
- Compensation: $224,402
- Related: $0
- Other: $11,761
- Compensation: $430,292
- Related: $0
- Other: $11,744
- Compensation: $626,350
- Related: $0
- Other: $20,143
- Compensation: $600,083
- Related: $0
- Other: $20,143
- Compensation: $585,992
- Related: $0
- Other: $20,143
- Compensation: $487,822
- Related: $0
- Other: $7,046
- Compensation: $463,224
- Related: $0
- Other: $20,143
- Compensation: $932,269
- Related: $0
- Other: $11,744
- Compensation: $512,482
- Related: $0
- Other: $0
- Compensation: $101,433
- Related: $0
- Other: $0
- Compensation: $295,000
- Related: $0
- Other: $0
- Compensation: $356,332
- Related: $0
- Other: $27,687
- Compensation: $458,748
- Related: $0
- Other: $27,687
Official website here: www.eagle.org
Where can I find the form 990 for American Bureau Of Shipping?
American Bureau Of Shipping's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eagle.org
Learn more at the official website: www.eagle.org
Mission Statement of American Bureau Of Shipping
The American Bureau of Shipping, or ABS, is a leading organization dedicated to promoting the safety of life and property and preserving the natural environment. Established in 1862, ABS has long been committed to setting safety standards for the marine and offshore industries.
To fulfill its mission, ABS develops and verifies technical standards, known as Rules, for the design, construction, and operational maintenance of ships and marine-related facilities. These Rules cover various aspects, from structural integrity to environmental sustainability. The organization then conducts classification services to certify that these standards are being met, ensuring the safety and compliance of vessels and facilities.
Classification involves a thorough review of the technical design, construction, and ongoing maintenance of ships and facilities. ABS conducts this evaluation through a network of offices in over 60 countries, in addition to providing statutory audit services on behalf of regulators and flag state registries in over 100 countries. By implementing these rigorous safety standards and providing ongoing surveillance, ABS plays a vital role in protecting people and the environment from potential risks associated with the maritime industry.
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Impact
October, 2024
The American Bureau of Shipping (ABS) significantly impacts the marine and offshore industries by setting and enforcing safety standards that ensure the integrity of ships and marine facilities. Founded in 1862, ABS has established a framework of technical standards, known as Rules, that guide the design, construction, and operational maintenance of marine vessels.
Through a rigorous classification process, ABS certifies adherence to these standards, which involves comprehensive technical design reviews, construction monitoring, and ongoing surveys throughout the operational life of ships. This proactive approach not only enhances safety but also protects the interests of the public and the environment by minimizing the risks associated with marine operations.
With offices in over 60 countries, ABS is instrumental in promoting global maritime safety. In addition to classification services, the organization provides statutory audit services on behalf of various regulators and flag state registries, further solidifying its role as a leader in the maritime industry. By fostering adherence to high safety standards, ABS contributes to community improvement and sustainability in maritime operations worldwide.
This information is meant to be a general summary of American Bureau Of Shipping. 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 2022.
- Investment Income: $58,668,398
- Program Service Revenue: $428,260,487
- Gross Receipts: $665,698,638
Assets and Liabilities:
- Total Assets: $1,917,786,915
- Total Liabilities: $325,243,744
- Net Assets: $1,592,543,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Classification, Certif
Revenue
$428,260,487
Organization Details
Founding Year
1862
Phone
(281) 877-6000Principal Officer
Laura C Fulton
Main Address
1701 City Plaza Drive, Spring, TX, 77389
Website
www.eagle.orgNTEE Category
Code: S40 - Community improvement
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