2024-07-11T07:55:20-05:00 2023-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2023-01-01 450676029 Sustainable Terminal Services Inc % CAROL NOTIAS LAMBOS ESQ SUST 2018231000 707 Broadway Bayonne NJ 07002 JOHN ATKINS Chairman 4159569201 2024-05-15 true JOHN ATKINS 999009999 true James Mulroy P00024514 7328281614 2 2023 2023-04-26 12:10:37Z JOHN ATKINS 707 Broadway Bayonne NJ 07002 2102837 false X N/A X 2011 NJ STS promotes environmentally sensitive, efficient, and secure marine terminal operations in the Port of New York and New Jersey 6 6 0 6 0 688170 2102837 0 0 0 0 0 0 688170 2102837 0 0 0 0 0 0 0 0 0 1290995 1372163 1290995 1372163 -602825 730674 417858 1269987 274877 201096 142981 1068891 X STS PROMOTES ENVIRONMENTALLY SENSITIVE, EFFICIENT, AND SECURE MARINE TERMINAL OPERATIONS IN THE PORT OF NEW YORK AND NEW JERSEY. (SEE SCHEDULE O FOR DETAILS) false false STS HAS IMPLEMENTED A RADIO-FREQUENCY IDENTIFICATION (RFID)BASED TRUCK IDENTIFICATION SYSTEM TO BE USED BY THE CONTAINER TERMINALS IN THE PORT OF NEW YORK AND NEW JERSEY. IN ADDITION, STS HAS IMPLEMENTED A TERMINAL INFORMATION PORTAL SYSTEM THAT PROVIDES CARGO INTERESTS INFORMATION ABOUT THE STATUS OF CONTAINERS ARRIVING IN THE PORT as well as a cyber resiliency program that permits its members to utilize ready to deploy computer hardware and redundant cloud-based systems in the event of a cyber attack. false true false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 6 6 false false false false true true false true true false false true true true true true true false false false X CAROL NOTIAS LAMBOS ESQ 2123819700 303 SOUTH BROADWAY STE 410 Tarrytown NY 10591 X Mark Ficarra secretary/treasurer 1.0 0.0 X X 0 0 0 John Atkins Chairman 1.0 0.0 X X 0 0 0 Jay Ruble Board Member 1.0 0.0 X 0 0 0 Daniel Mulligan Board Member 1.0 0.0 X 0 0 0 Michael Stamatis Board Member 1.0 0.0 X 0 0 0 Courtney Robinson Board Member 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 860000 1242837 0 2102837 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2102837 0 0 0 0 0 0 0 0 0 0 0 68393 21736 0 0 0 0 0 8211 1037826 0 0 0 0 0 0 0 33347 16350 CYBER SECURITY ASSESSMENTS 186300 1372163 X 223297 233065 0 0 43515 208887 9273 351138 0 0 0 0 0 0 0 0 60853 60853 4821965 4455150 0 366815 0 0 0 0 0 0 0 0 80920 49229 417858 1269987 193957 141869 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80920 59227 274877 201096 X 142981 628891 0 440000 142981 1068891 417858 1269987 730674 195236 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4821965 4455150 366815 0 0 0 366815 0 RESERVES 59227 59227 X 2102837 2102837 2102837 1372163 1372163 1372163 form 990, SCHEDULE D, PART X, LINE 2 The Organization is exempt from federal and state income taxes under Section 501(c)(6) of the Internal Revenue Code and New Jersey taxation codes. Accordingly, no provision for income taxes has been recorded in the statement of activities and changes in net assets. The Organization had no unrecognized tax benefits as of and for the year ended December 31, 2023. The Organization has no income tax related penalties or interest for the period reported in the financial statements. FORM 990, PART VI, SECTION A, LINE 6 Sustainable Terminal Services, Inc. is a New Jersey State nonprofit corporation whose members are six container terminal operators at the Port of New York and New Jersey. A representative from each of these companies serve on the board of trustees. FORM 990, PART VI, SECTION A, LINE 7A The Board of Trustees shall be elected annually by the Members. The Trustees elected may include some or all of the existing Trustees. FORM 990, SECTION VI, LINE 7B Every Member of the corporation is entitled to vote at a meeting of the members of the corporation or to express consent or dissent without a meeting may authorize another person or persons to act for him by proxy in all matters in which a Member of the corporation may participate. Every proxy shall be signed by the Member or his attorney-in-fact and shall be revocable at the pleasure of the Member executing it except as otherwise provided by law. No proxy shall be valid after the expiration of three years from the date thereof unless otherwise provided in the proxy. FORM 990, PART VI, SECTION B, LINE 11B Form 990 will be sent to the accounting consultant and legal counsel along with the board of trustees for approval before filed. FORM 990, PART VI, SECTION B, LINE 12C To ensure the Organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax exempt status, periodic reviews shall be conducted. A) The periodic reviews shall, at a minimum, include the following subjects: Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B) Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further exempt purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. FORM 990, PART VI, SECTION B, LINE 19 DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART III, LINE 1 STS PROMOTES ENVIRONMENTALLY SENSITIVE, EFFICIENT, AND SECURE MARINE TERMINAL OPERATIONS IN THE PORT OF NEW YORK AND NEW JERSEY; DEVELOPS, IMPLEMENTS, AND MANAGES SYSTEMS RELATED TO ENHANCING THE SECURITY, OPERATIONAL EFFICIENCIES, AND ENVIRONMENTAL SUSTAINABILITY OF MARINE TERMINAL FACILITIES IN THE PORT OF NEW YORK AND NEW JERSEY; DEVELOPS PROGRAMS AND POLICIES TO ENHANCE THE AWARENESS OF THE GENERAL PUBLIC AS WELL AS FEDERAL, STATE, AND LOCAL POLICY-MAKERS AND LEGISLATORS OF THE CAPABILITIES, EFFICIENT OPERATIONS, AND PUBLIC SERVICE PROVIDED BY MARINE TERMINAL OPERATORS IN THE PORT OF NEW YORK AND NEW JERSEY. FORM 990, PART XI, LINE 8 During 2022, the Organization did not properly recognize $195,236 of federal government grant revenue at the time the condition was met, which is when the Organization incurred the eligible expenses.