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Nonprofit · EIN 13-4921556

AMERICAN BUREAU OF SHIPPING

Tax-exempt · SPRING, TX 77389

Financials

$541.5M$479.5M2023$536.6M$514.9M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN BUREAU OF SHIPPING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$536,588,479$514,933,830$21,654,649$2,250,382,108$330,657,159$1,919,724,949
December 31, 2023990$541,482,602$479,466,138$62,016,464$2,119,439,453$340,182,863$1,779,256,590
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$468,353,914
Investment income
$54,374,423
Net gain from sales of assets
$21,212,033
Other revenue
$13,860,142

Expenses

Grants and similar amounts paid
$1,396,144
Compensation of officers, directors and key employees
$22,139,853
Other salaries and wages
$214,004,148
Salaries, compensation and benefits (total)
$294,123,846
Professional fundraising fees
$0
Legal fees
$1,542,679
Accounting fees
$2,163,688
Occupancy
$16,168,796
Travel
$13,297,108
Depreciation
$14,636,214

Balance sheet and other

Total assets, start of year
$2,119,439,453
Total assets, end of year
$2,250,382,108
Total liabilities, end of year
$330,657,159
Net assets, end of year
$1,919,724,949
Land, buildings and equipment
$32,415,568
Publicly traded securities
$1,417,897,865
Gross receipts
$693,204,492
Employees
1,453
Volunteers
0
Year formed
1862
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Christopher J WiernickiChairman and CEO
Trustee or director, Officer
40$2,803,152$175,444
John P McDonaldPresident and Chief Operating Officer (COO)
Trustee or director, Officer
40$1,147,279$1,132,398
Laura C FultonSVP & Chief Financial Officer (CFO)
Officer
40$1,020,305$395,932
Robert G ClyneEVP General Counsel & Secretary
Officer
40$1,060,198$143,044
Adam W MoilanenVP & Chief Surveyor
Officer
40$532,010$373,672
Chuck Raymond KemperSVP & Chief Human Resources Officer
Officer
40$644,050$136,459
Paul KaramVP, Operations - Greater China Region
Key employee
40$735,124$25,144
Arinjit RoySVP - Pacific & MEA Operations
Key employee
40$729,637$25,144
Kara PeleckySVP & Chief Information Officer (CIO)
Officer
40$711,643$31,482
Patrick J RyanSVP & Chief Technology Officer (CTO)
Officer
40$577,329$147,201
Derek S NovakVP & Chief Engineer
Officer
40$494,650$228,499
Jessica MahaffeySVP & Chief Marketing Officer (CMO)
Officer
40$523,812$188,928
Andrew LipmanDirector, Projects, Offshore GC Regional Operation
Highest-paid employee
40$626,485$0
Tommy NguyenDirector, Business Development Global Offshore - S
Highest-paid employee
40$608,452$0
Johnny M Garrett JrVice President, Regional Operations * Southern Pac
Highest-paid employee
40$594,721$0
21 more people on this return
NameTitleHours / weekCompensationOther / benefits
Ben FordSurveyor III, Senior * CN Shanghai Port (MLO)
Highest-paid employee
40$591,901$0
Miguel HernandezSVP, Global Offshore Market
Key employee
40$533,892$26,273
Bruce BafferSVP, Global Government Services
Key employee
40$445,759$30,500
Matthew D TremblayFormer Senior VP, Global Offshore Markets
Former
40$404,048$31,482
Bhattacharya SandipanVice President, Application Development (no longer
Highest-paid employee
40$415,909$0
Joshua DivinSVP - Western Operations
Key employee
40$324,014$31,482
Annisa LyversVP - Data and Analytics
Key employee
40$335,534$6,048
Joshua LavireVP, Health, Safety, Quality and Environment (HSQE)
Key employee
40$306,637$31,482
Richard D PrideFormer Senior VP - Western Hemisphere
Former
40$321,532$4,229
Gareth C BurtonSVP, Global Engineering
Key employee
40$320,347$0
Michael L CarthewDirector
Trustee or director
1$230,000$0
William E JenkinsDirector
Trustee or director
1$215,000$0
David W GrzebinskiDirector
Trustee or director
1$210,000$0
Craig H Stevenson JrDirector
Trustee or director
1$210,000$0
Elizabeth D WhitakerDirector
Trustee or director
1$210,000$0
Phillip J ShapiroDirector
Trustee or director
1$210,000$0
Louis A Raspino JrDirector
Trustee or director
1$200,000$0
Susan K NeelyDirector
Trustee or director
1$200,000$0
Darryl K WillisDirector
Trustee or director
1$200,000$0
Eric C KleessFormer Senior VP - Eastern Hemisphere
Former
40$181,593$0
Mark H RossDirector
Trustee or director
1$100,000$0
990 for the year ended December 31, 2023: 36 people
NameTitleHours / weekCompensationOther / benefits
Christopher J WiernickiChairman & CEO
Trustee or director, Officer
40$3,022,020$147,244
John P McDonaldPresident & Chief Operating Officer (COO)
Trustee or director, Officer
40$942,655$662,420
Laura C FultonSVP & Chief Financial Officer (CFO)
Officer
40$955,335$325,266
Robert G ClyneSVP & General Counsel, Secretary
Officer
40$1,101,051$123,057
Eric C KleessSenior VP - Eastern Hemisphere
Key employee
40$1,160,542$18,048
Kara PeleckySVP & Chief Information Officer (CIO)
Officer
40$730,495$30,271
Adam W MoilanenVP & Chief Surveyor
Officer
40$498,597$212,325
Chuck Raymond KemperSVP & Chief Human Resources Officer
Officer
40$576,943$105,357
Arinjit RoySVP - Pacific & MEA Operations
Key employee
40$624,882$20,307
Paul KaramVP, Operations - Greater China Region
Key employee
40$591,319$20,307
Patrick J RyanSenior VP , Engineering & Technology
Officer
40$499,993$96,986
Derek S NovakVP & Chief Engineer
Officer
40$467,850$78,022
Jessica MahaffeyVP & Chief Marketing Officer (CMO)
Officer
40$394,982$115,162
Bruce BafferSVP, Global Government Services
Key employee
40$479,797$0
Dhaval MehtaVP, Regional Operations - Europe Northern Area
Highest-paid employee
40$453,120$23,106
Miguel HernandezSVP, Global Offshore Markets
Key employee
40$450,907$25,262
Varun RaghunathanPrinciple Surveyor in Charge - Ghana and Cameroon
Highest-paid employee
40$427,209$30,271
Nathan AllenPrinciple Surveyor - Accra Port
Highest-paid employee
40$416,627$20,307
William HarlanVP Finance, Chief Accounting Officer
Highest-paid employee
40$406,218$30,271
Matthew D Tremblay Former Key EmpSenior VP, Global Offshore Markets
Former
40$379,757$30,271
Richard D Pride Former Key EmpSenior VP - Western Hemisphere
Former
40$362,012$30,271
James ClutterbuckVP Finance, Corporate Treasury
Highest-paid employee
40$379,767$9,475
Annisa LyversVP - Data Analytics
Key employee
40$364,845$9,475
Joshua LavireVP, Health, Safety, Quality and Environment (HSQE)
Key employee
40$299,372$30,271
Joshua DivinSVP - Western Operations
Key employee
40$270,383$30,271
Michael L CarthewDirector
Trustee or director
1$230,000$0
William E JenkinsDirector
Trustee or director
1$215,000$0
David W GrzebinskiDirector
Trustee or director
1$210,000$0
Craig H Stevenson JrDirector
Trustee or director
1$210,000$0
Elizabeth D WhitakerDirector
Trustee or director
1$210,000$0
Phillip J ShapiroDirector
Trustee or director
1$210,000$0
Louis A Raspino JrDirector
Trustee or director
1$200,000$0
Susan K NeelyDirector
Trustee or director
1$200,000$0
Darryl K WillisDirector
Trustee or director
1$200,000$0
Maria F O'Neill Former OfficerSVP & Chief Information Officer (CIO)
Former
40$173,234$0
Mark H RossDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1701 CITY PLAZA DR, SPRING, TX 77389-1831
Principal officer (990 for 2024)
Laura C Fulton, 1701 City Plaza Drive, Spring, TX 77389
Signed the 990
Laura C Fulton, SVP & CFO
Phone
(281) 877-6000
Return prepared by
Hollis & Rogers LLC

Mission

To serve the public interest as well as the needs of our members and clients by promoting the safety of life and property and preserving the natural environment through the development and verification of standards for design, construction and operational maintenance of ships and marine related facilities.

990 for the year ended December 31, 2024

Program accomplishments

  • As a classification society founded in 1862, the core commitment of ABS has been setting safety standards for the marine and offshore industries. This is achieved through the establishment and application of technical standards, known as Rules, for the design, construction, and operational maintenance of ships and marine related facilities. Classification is the process that certifies adherence to these Rules, comprising technical design review, construction monitoring, and ongoing survey of ships and marine related facilities over their operating life and the maintenance of the ABS Record. These activities are conducted through a network of offices in over 60 countries.Together with classification services, the company provides statutory audit services on behalf of certain regulators and flag state registries in over 100 countries.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-4921556
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1919
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,250,382,108
Income (IRS master file)
$693,204,492

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$536,588,479$514,933,830$2,250,382,108XML
990December 2023$541,482,602$479,466,138$2,119,439,453XML
990December 2022$487,783,327$427,437,389$1,917,786,915IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4921556).

Questions about AMERICAN BUREAU OF SHIPPING

What is the EIN of AMERICAN BUREAU OF SHIPPING?
The employer identification number (EIN) of AMERICAN BUREAU OF SHIPPING is 13-4921556.
Is AMERICAN BUREAU OF SHIPPING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1919.
Are donations to AMERICAN BUREAU OF SHIPPING tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AMERICAN BUREAU OF SHIPPING file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN BUREAU OF SHIPPING due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN BUREAU OF SHIPPING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMERICAN BUREAU OF SHIPPING?
The 990 for the year ended December 31, 2024 names Laura C Fulton.
Who are the officers and directors of AMERICAN BUREAU OF SHIPPING?
The 990 for the year ended December 31, 2024 lists 36 people; 36 received compensation from the organization, the highest $2,803,152 (Christopher J Wiernicki, Chairman and CEO).
How much revenue does AMERICAN BUREAU OF SHIPPING have?
On its 990 for the year ended December 31, 2024 it reported revenue of $536,588,479, expenses of $514,933,830 and total assets of $2,250,382,108 at year end.

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