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Nonprofit · EIN 54-1275635

VIRGINIA SHIP REPAIR ASSOCIATION INC

Tax-exempt · NORFOLK, VA 23510

Financials

$1.4M$1.3M2023$1.5M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of VIRGINIA SHIP REPAIR ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,540,346$1,435,049$105,297$2,079,089$856,993$1,222,096
December 31, 2023990$1,429,483$1,327,138$102,345$2,036,971$920,172$1,116,799
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$251,692
Program service revenue
$1,241,780
Investment income
$46,874
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$234,937
Other salaries and wages
$409,925
Salaries, compensation and benefits (total)
$795,847
Professional fundraising fees
$0
Accounting fees
$14,175
Occupancy
$159,237
Travel
$50,161
Depreciation
$30,072

Balance sheet and other

Total assets, start of year
$2,036,971
Total assets, end of year
$2,079,089
Total liabilities, end of year
$856,993
Net assets, end of year
$1,222,096
Land, buildings and equipment
$77,129
Net assets without donor restrictions
$1,222,096
Gross receipts
$1,540,346
Employees
8
Volunteers
17
Year formed
1981
State of legal domicile
VA

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
WILLIAM CROWPRESIDENT/CEO
Officer
30$205,237$29,700
BRIAN HOLLANDVICE-CHAIRMAN
Trustee or director, Officer
0.3$0$0
RAY WITTERSHEIMSECRETARY/TREASURER
Trustee or director, Officer
0.3$0$0
W PERRY BINGHAMCHAIRMAN
Trustee or director, Officer
0.3$0$0
BRAD MOYERDIRECTOR
Trustee or director
0.3$0$0
CHRISTOPHER MCCALLUMDIRECTOR
Trustee or director
0.3$0$0
DON EVERTONDIRECTOR
Trustee or director
0.3$0$0
DON VIVIERDIRECTOR
Trustee or director
0.3$0$0
GENE HUNTDIRECTOR
Trustee or director
0.3$0$0
JONATHAN DANSEREAUDIRECTOR
Trustee or director
0.3$0$0
JORDAN WEBBDIRECTOR
Trustee or director
0.3$0$0
KATHY BRYANDIRECTOR
Trustee or director
0.3$0$0
MARK JONESDIRECTOR
Trustee or director
0.3$0$0
MICHAEL FORDDIRECTOR
Trustee or director
0.3$0$0
PAUL CLIFFORDDIRECTOR
Trustee or director
0.3$0$0
3 more people on this return
NameTitleHours / weekCompensation
RANDALL CRUTCHFIELDDIRECTOR
Trustee or director
0.3$0
RENE DOIRONDIRECTOR
Trustee or director
0.3$0
STEVE MILEYDIRECTOR
Trustee or director
0.3$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM CROWPRESIDENT/CEO
Officer
30$206,856$25,857
KEVIN TERRYCHAIRMAN
Trustee or director, Officer
0.25$0$0
W PERRY BINGHAMVICE-CHAIRMAN
Trustee or director, Officer
0.25$0$0
RAY WITTERSHEIMSECRETARY/TREASURER
Trustee or director, Officer
0.25$0$0
PAUL CLIFFORDDIRECTOR
Trustee or director
0.25$0$0
RENE DOIRONDIRECTOR
Trustee or director
0.25$0$0
DON EVERTONDIRECTOR
Trustee or director
0.25$0$0
MICHAEL FORDDIRECTOR
Trustee or director
0.25$0$0
THOMAS GODFREY JRDIRECTOR
Trustee or director
0.25$0$0
TRACY GREGORIODIRECTOR
Trustee or director
0.25$0$0
BRIAN HOLLANDDIRECTOR
Trustee or director
0.25$0$0
GENE HUNTDIRECTOR
Trustee or director
0.25$0$0
MIKE JOHNSONDIRECTOR
Trustee or director
0.25$0$0
MARK JONESDIRECTOR
Trustee or director
0.25$0$0
CHRISTOPHER McCALLUMDIRECTOR
Trustee or director
0.25$0$0
BRAD MOYERDIRECTOR
Trustee or director
0.25$0$0
BRAD VAUGHNDIRECTOR
Trustee or director
0.25$0$0
JORDAN WEBBDIRECTOR
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
101 W MAIN ST STE 5500, NORFOLK, VA 23510-1600
In care of
% THE ASSOCIATION
Principal officer (990 for 2024)
JOHN POLOWCZYK, 101 W MAIN STREET 5500, NORFOLK, VA 23510
Signed the 990
JOHN POLOWCZYK, PRESIDENT
Phone
(757) 233-7034
Return prepared by
BDO USA

Mission

TO MAINTAIN FOCUS ON AND COORDINATE RESOURCE TO ADDRESS AND RESOLVE THE ISSUES, CHALLENGES, AND OPPORTUNITIES FACING THE SHIP REPAIR INDUSTRY IN VIRGINIA ACROSS THE NATION.

990 for the year ended December 31, 2024

Program accomplishments

  • A STRATEGIC MISSION OF THE VIRGINIA SHIP REPAIR ASSOCIATION (VSRA) IS TO MAINTAIN CONTINUOUS EFFORTS TO ENSURE AWARENESS OF THE IMPACT OF THE SHIP REPAIR INDUSTRY IN VIRGINIA AMONG LOCAL, STATE, AND FEDERAL ENTITIES, AS WELL AS THE COMMUNITY AT LARGE. AMONG THE STRATEGIC GOALS OF THE VSRA IS TO MAKE THE PUBLIC, AS WELL AS LAWMAKERS, AWARE OF THE SIGNIFICANCE AND NATIONAL RAMIFICATIONS OF SHIP REPAIR, NOT JUST AS A VITAL ECONOMIC FOUNDATION FOR THE HAMPTON ROADS AREA, BUT ALSO AS A CRITICAL NATIONAL SECURITY ASSET. ADDITIONAL STRATEGIC GOALS OF THE VSRA ARE TO CONTINUOUSLY ENSURE PUBLIC AWARENESS OF THE INDUSTRY WORKFORCE NEEDS, DIVERSE CAREER PATHS, AS WELL AS MULTITUDINOUS TRAINING AND CREDENTIALING OPPORTUNITIES AVAILABLE IN THE SHIP REPAIR INDUSTRY.
  • PUBLIC AWARENESS

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
54-1275635
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,079,089
Income (IRS master file)
$1,540,346

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,540,346$1,435,049$2,079,089IRS
990December 2023$1,429,483$1,327,138$2,036,971XML
990December 2022$1,225,008$1,208,816$2,069,863IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 54-1275635).

Questions about VIRGINIA SHIP REPAIR ASSOCIATION INC

What is the EIN of VIRGINIA SHIP REPAIR ASSOCIATION INC?
The employer identification number (EIN) of VIRGINIA SHIP REPAIR ASSOCIATION INC is 54-1275635.
Is VIRGINIA SHIP REPAIR ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
Which annual return does VIRGINIA SHIP REPAIR ASSOCIATION INC 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 VIRGINIA SHIP REPAIR ASSOCIATION INC 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 VIRGINIA SHIP REPAIR ASSOCIATION INC 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 VIRGINIA SHIP REPAIR ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names JOHN POLOWCZYK.
Who are the officers and directors of VIRGINIA SHIP REPAIR ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $205,237 (WILLIAM CROW, PRESIDENT/CEO).
How much revenue does VIRGINIA SHIP REPAIR ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,540,346, expenses of $1,435,049 and total assets of $2,079,089 at year end.

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