Overview
What is Lake Carriers Association?
The Lake Carriers Association, based in Westlake, Ohio, is a nonprofit organization dedicated to enhancing the Great Lakes shipping industry. Recognizing the challenges posed by inadequate icebreaking resources during winter seasons, causing economic losses and vessel damage, they have employed a lobbying firm to advocate for additional icebreaker funding. Furthermore, they are advocating for a new law to formalize the Great Lakes icebreaking mission and are actively engaged in Canadian ballast water reform, aiming to improve the industry's business conditions. With a workforce of 4 individuals, their efforts focus on maintaining and developing the Great Lakes' water resources.
Official website here: www.lcaships.com
Is Lake Carriers Association legitimate?
Lake Carriers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lake Carriers Association 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: $499,931
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,577
For more financial information, click here
Official website here: www.lcaships.com
What is the mission statement of Lake Carriers Association?
The Lake Carriers Association aims to enhance business conditions within the Great Lakes shipping industry. Their recent significant activities include advocating for a new Great Lakes icebreaker, engaging in Canadian ballast water reform, and pushing for water resources development and maintenance. Recognizing the lack of sufficient icebreaking resources from the Coast Guard, they have employed a lobbying firm to help secure funds for an additional icebreaker and push for policy changes to improve the icebreaking mission's performance measurement. They are also advocating for a new law that codifies the Great Lakes icebreaking mission.
Official website here: www.lcaships.com
Who is the CEO of Lake Carriers Association?
James Weakley is the Principal Officer of Lake Carriers Association.
Official website here: www.lcaships.com
What is the revenue of Lake Carriers Association?
Lake Carriers Association's revenue in 2022 was $1,949,819.
Official website here: www.lcaships.com
Who are the executives of Lake Carriers Association and what are their salaries?
The average compensation at Lake Carriers Association during 2022 was $138,377. There are 4 employees at Lake Carriers Association.
Here are 3 key members and their salaries:
- Compensation: $304,125
- Related: $0
- Other: $0
- Compensation: $139,544
- Related: $0
- Other: $0
- Compensation: $56,262
- Related: $0
- Other: $0
Official website here: www.lcaships.com
Where can I find the form 990 for Lake Carriers Association?
Lake Carriers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcaships.com
Learn more at the official website: www.lcaships.com
Mission Statement of Lake Carriers Association
Lake Carriers Association, a prominent organization, is dedicated to improving business conditions within the Great Lakes shipping industry. Their mission is multifaceted, encompassing significant recent activities. One of these activities involves advocating for the construction of an additional icebreaker for the Great Lakes. This is in response to the Coast Guard's inability to maintain efficient commerce during winter seasons, resulting in economic losses and damage to vessels. Lake Carriers Association has engaged a lobbying firm to aid in the appropriations process for this icebreaker and to propose policy changes that more accurately assess the icebreaking mission's performance.
Furthermore, Lake Carriers Association is engaged in Canadian ballast water reform. This initiative is crucial for the Great Lakes shipping industry, as it aims to manage the introduction and spread of invasive species that can be carried in ballast water. By participating in this reform, Lake Carriers Association contributes to the long-term sustainability and health of the Great Lakes ecosystem. Additionally, the organization is involved in water resources development and maintenance, ensuring that the Great Lakes shipping industry operates efficiently and sustainably.
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Impact
October, 2024
Lake Carriers Association (LCA) significantly impacts the Great Lakes shipping industry by advocating for improved business conditions that directly affect the efficiency and safety of maritime commerce. Recent efforts include lobbying for the construction of an additional icebreaker to enhance winter navigation. The Great Lakes experience challenging winter conditions, and the U.S. Coast Guard often lacks the necessary resources to keep shipping lanes open, resulting in economic losses, vessel damage, and operational delays.
By engaging a lobbying firm, LCA strives to secure appropriations for the icebreaker and aims for policy reforms that enhance the measurement of icebreaking performance. Additionally, the association plays a crucial role in advocating for Canadian ballast water reform and promoting effective water resources development and maintenance strategies. These initiatives not only support the shipping industry but also contribute to the overall economic vitality of the Great Lakes region, ensuring safer and more reliable maritime operations year-round.
This information is meant to be a general summary of Lake Carriers Association. 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.
- Program Service Revenue: $1,124,710
- Gross Receipts: $1,949,819
Assets and Liabilities:
- Total Assets: $972,641
- Total Liabilities: $91,858
- Net Assets: $880,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
New Icebreaker
Revenue
$666,519
Canadian Ballast Water
Revenue
$317,737
Water Resources Act
Revenue
$140,454
Organization Details
Founding Year
1880
Phone
(440) 333-9995Principal Officer
James Weakley
Main Address
25651 DETROIT ROAD, WESTLAKE, OH, 441452415
Website
www.lcaships.comNTEE Category
Code: S41 - Community improvement
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