2025-10-14T09:26:44-05:00 2024-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2024-01-01 521372232 PASSENGER VESSEL ASSOCIATION INC PASS 7035185005 103 ORONOCO STREET 200 ALEXANDRIA VA 22314 JOHN GROUNDWATER EXECUTIVE DIRECTOR 7035185005 2025-09-26 1 1 ANDREW E YOUNG CPA P01203950 7035351200 2025-09-26 2024 2025-03-06 01:10:19Z JOHN GROUNDWATER 103 ORONOCO STREET SUITE 200 ALEXANDRIA VA 22314 2884071 0 X WWW.PASSENGERVESSEL.COM X 1985 VA TO SERVE THE NEEDS OF OWNERS, OPERATORS, AND SUPPLIERS OF THE PASSENGER VESSEL INDUSTRY BY OFFERING EDUCATIONAL AND PUBLIC POLICY ASSISTANCE, BY SPONSORING AN ANNUAL CONVENTION FOR ITS MEMBERS, AND BY PUBLISHING A MONTHLY NEWSLETTER. 17 17 6 17 224893 16956 0 0 1955809 2110299 183285 339256 12908 14849 2152002 2464404 0 0 0 0 1139747 1190390 0 0 0 841441 805944 1981188 1996334 170814 468070 4071903 4673200 1545088 1588773 2526815 3084427 TO SERVE THE NEEDS OF OWNERS, OPERATORS, AND SUPPLIERS OF THE PASSENGER VESSEL INDUSTRY BY OFFERING EDUCATIONAL AND PUBLIC POLICY ASSISTANCE, BY SPONSORING AN ANNUAL CONVENTION FOR ITS MEMBERS, AND BY PUBLISHING A MONTHLY NEWSLETTER. 0 0 MEMBERSHIP DIRECTORY: PROMOTES THE INDUSTRY WITHIN THE TOUR AND TRAVEL COMMUNITY. PRODUCES A 224-PAGE MEMBERSHIP DIRECTORY FOR MEMBER INFORMATION AND USE BY TRAVEL AGENTS. PROVIDES LISTINGS OF ALL MEMBERS AND AFFILIATES OF THE PASSENGER VESSEL ASSOCIATION THROUGHOUT NORTH AMERICA. FOGHORN PUBLICATION: PROVIDES A MONTHLY NEWSLETTER TO EACH MEMBER THAT CONTAINS INFORMATION ON PUBLIC POLICIES IN WASHINGTON AND PROVIDES 5-6 MAILERS CONCERNING PRESS RELEASES. EACH PUBLICATION ALSO INCLUDES REPORTS BY EXPERTS WITHIN THE PASSENGER VESSEL INDUSTRY AND ARTICLES DISCUSSING A BROAD RANGE OF INDUSTRY TOPICS THAT INCLUDE OPERATIONAL EFFICIENCY, SAFETY, AND ENVIRONMENTAL CONCERNS. MARITRENDS CONVENTION: THE ASSOCIATION PRESENTS A CONVENTION TO PROVIDE THE OPPORTUNITY FOR EXCHANGE OF INFORMATION RELATED TO THE PASSENGER VESSEL INDUSTRY. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 6 1 1 1 0 0 0 0 0 0 0 X 17 17 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X THE ASSOCIATION 7035185005 103 ORONOCO STREET SUITE 200 ALEXANDRIA VA 22314 PATRICK MURPHY PRESIDENT 2.00 X X 0 0 0 STEVE JONES VICE-PRESIDENT 2.00 X X 0 0 0 ANDREW SARGIS SECRETARY-TREASURER 2.00 X X 0 0 0 PETER DUCLOS ASSOCIATE MEMBER REPRESENTATIVE 2.00 X 0 0 0 JEFF SHERMAN ASSOCIATE MEMBER REPRESENTATIVE 2.00 X 0 0 0 CHRIS ANGLIN DIRECTOR 2.00 X 0 0 0 BEN BERNSTEIN DIRECTOR 2.00 X 0 0 0 BOB BIJUR DIRECTOR 2.00 X 0 0 0 ERIK BOMBARD DIRECTOR 2.00 X 0 0 0 JED DIXON DIRECTOR 2.00 X 0 0 0 JENNIFER GEZELLA DIRECTOR 2.00 X 0 0 0 CAROL HILL DIRECTOR 2.00 X 0 0 0 JOHN LAKE DIRECTOR 2.00 X 0 0 0 SARAH PENNINGTON DIRECTOR 2.00 X 0 0 0 HOYT PURINTON DIRECTOR 2.00 X 0 0 0 COLLEEN STEPHENS DIRECTOR 2.00 X 0 0 0 JAMES SWINDLER DIRECTOR 2.00 X 0 0 0 JOHN GROUNDWATER EXECUTIVE DIRECTOR 40.00 X 344255 0 66095 ERIC CHRISTENSEN DIRECTOR OF REGULATORY AFFAIRS 40.00 X 176155 0 10769 LESLIE KAGARISE DIRECTOR OF FINANCE 40.00 X 102720 0 9071 CATHERINE HILL DIRECTOR OF MARKETING AND COMMUNICATIONS 40.00 X 100965 0 18103 RICHARD PATCH LEGISLATIVE DIRECTOR 40.00 X 121078 0 24484 845173 0 128522 5 0 1 0 SARAH FERRETTI 33 EAST PASSAIC AVENUE RUTHERFORD NJ 07070 MAGAZINE MANAGING EDITOR AND DESIGN 105340 1 MEMBERSHIP DUES 541900 1177747 1177747 ANNUAL MEETING 541900 545880 545880 ADVERTISING 541800 224893 224893 REGIONAL MEETING 541900 132029 132029 SPONSORSHIP 541900 29750 29750 2110299 108923 108923 650000 419667 230333 230333 230333 OTHER REVENUE 900099 14849 14849 14849 2464404 1900255 224893 339256 597274 413330 38415 70160 71211 39270 7547 154172 7527 17159 47767 52320 240734 2011 21792 PRINTING AND PUBLICATIO 114013 CREDIT CARD PROCESSING 44712 DUES AND SUBSCRIPTION 24329 MISCELLANEOUS 21235 11356 1996334 208226 329131 11655 17281 136783 155428 21139 16280 6871 4859 3456218 3885016 188792 239686 0 63358 41799 4071903 4673200 367428 385548 1118676 1165800 58984 37425 1545088 1588773 X 2526815 3084427 2526815 3084427 4071903 4673200 468070 89542 0 X X 1 X 0 1 0 0 0 0 1177747 408983 -437777 -28794 412211 -441005 2948457 -481145 2467312 9633 4774 4859 11506 11506 0 4859 INVESTMENT IN TRUST 239686 F 239686 OPERATING LEASE LIABILITY 37425 37425 X PART V, LINE 4: THE ASSOCIATION PREVIOUSLY MAINTAINED BOARD DESIGNATED FUNDING AS ITS PRIMARY OPERATING RESERVE IN THE AMOUNT EQUAL TO ITS INVESTMENTS. PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ON ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSE. THE ASSOCIATION IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS INCOME SUCH AS ADVERTISING. IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE WERE TAKEN. X X 0 0 0 JOHN GROUNDWATER EXECUTIVE DIRECTOR 266222 0 78033 0 0 0 17999 0 48096 0 410350 0 0 0 ERIC CHRISTENSEN DIRECTOR OF REGULATORY AFFAIRS 169155 0 7000 0 0 0 10149 0 620 0 186924 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 NEW HORIZONS PARTNERS, LLC IS CONTRACTED TO PERFORM VARIOUS ACCOUNTING, FINANCIAL, AND CONVENTION CONSULTING DUTIES FOR THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 PASSENGER VESSEL ASSOCIATION IS A NONPROFIT ORGANIZATION CONSTITUTING VESSEL MEMBERSHIP, ASSOCIATE MEMBERSHIP, AND INDIVIDUAL MEMBERS. VESSEL MEMBERSHIP INCLUDES THOSE ORGANIZATIONS IN WHICH THE ASSOCIATION PRIMARILY SERVES OWNERS AND OPERATORS OF PASSENGER VESSEL CRAFTS. ASSOCIATE MEMBERSHIP INCLUDES THOSE COMPANIES THAT MARKET PRODUCTS AND SERVICES TO PASSENGER VESSEL OPERATORS ON BOTH A NATIONAL AND REGIONAL BASIS. INDIVIDUAL MEMBERS ARE SOLITARY PERSONS WITH VESTED INTERESTS WITHIN THE PASSENGER VESSEL INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION'S GENERAL MEMBERSHIP HAS THE CAPABILITY TO NOMINATE MEMBERS OF THE BOARD OF DIRECTORS. WHEN THE MEMBERSHIP OF THE BOARD IS DUE TO CHANGE, THE NOMINATING COMMITTEE OF THE BOARD WILL SELECT INDIVIDUALS FOR CANDIDACY. UPON SELECTION, A FORMAL COMMUNICATION IS ADMINISTERED TO THE GENERAL MEMBERSHIP REGARDING THOSE SELECTED INDIVIDUALS AND A MEETING TIME AT THE CONVENTION IS DISCLOSED FOR THE GENERAL MEMBERS TO PARTICIPATE IN VOTING FOR BOARD DELEGATES. GENERAL MEMBERS MUST APPROVE THESE SELECTED CANDIDATES AT THIS MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY INCLUDES STAFF, OUTSIDE CONTRACTORS AND MEMBERS. THE ASSOCIATION'S RETAINED COUNSEL IS IN ATTENDANCE FOR ALL MEETINGS OF THE BOARD OF DIRECTORS TO ADVISE IF ANY CONFLICT OF INTEREST ARISES. IF A CONFLICT DOES ARISE THE POLICY REQUIRES THAT THE INDIVIDUAL REFRAIN FROM VOTING OR ACTING ON BEHALF OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE REVIEWS ALL PROPOSALS AND ADJUSTMENTS TO COMPENSATION FOR THE EXECUTIVE DIRECTOR AND APPROVES THE PROPOSALS AND ADJUSTMENTS BY CONSENSUS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C NO CHANGE TO THE PROCESS WAS NOTED DURING THE YEAR. THE FINANCE COMMITTEE ASSUMED THE RESPONSIBILITY FOR OVERSIGHT OF THE COMPILED FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT.