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Filing year 2023

BOSTON SHIPPING ASSOCIATION INC

Charlestown, Massachusetts·EIN 04-2034907·501(c)(6)
Total revenue
$1.9M
Total assets
$2.8M
Total expenses
$1.7M
Reported officers
14
Mission

THE PURPOSE OF THIS ASSOCIATION IS TO ASSIST IN ENCOURAGING FRIENDLY AND HARMONIOUS RELATIONS BETWEEN SHIP OWNERS, SHIPPING AGENTS, CUSTOMS HOUSE BROKERS, FREIGHT FORWARDERS, CHARTERERS, CONTRACTING STEVEDORES AND ALL OTHER INDIVIDUALS, FIRMS, AND CORPORATIONS ENGAGED IN OR AFFILIATED WITH THE MARITIME INTERESTS IN BOSTON AND ITS VICINITY; TO SERVE ITS MEMBERS IN THE NEGOTIATION AND CARRYING OUT OF LABOR AGREEMENTS BETWEEN EMPLOYERS AND EMPLOYEES; TO IMPROVE WORKING CONDITIONS IN THE SHIPPING INDUSTRY AND TO ENCOURAGE SOUND BUSINESS RELATIONSHIPS BETWEEN THE MEMBERS AND THE EMPLOYEES; TO PROMOTE THE GROWTH OF MARITIME TRADE THROUGH THE PORT OF BOSTON; ENCOURAGE AND ASSIST FEDERAL, STATE AND LOCAL GOVERNMENT, PUBLIC AND PRIVATE ENTITIES IN AS A MARITIME STATE; TO CARRY OUT ALL OTHER THINGS LAWFULLY PERMITTED UNDER CHAPTER 180 OF THE GENERAL LAWS AND AMENDMENTS THERETO.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Bsa Trustee
Board Member
Above 90th percentile
$333k
$366k
Base
$279k
Bonus
Other
$53k
Benefits
Controller
Median to 75th percentile
$163k
$180k
Base
$128k
Bonus
Other
$36k
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Up 14%
from 2022

From $293k in 2022 to $333k in 2023.

$293k
2022
$333k
2023
In today's dollarsEst.
Up 10% in real terms$334k to $366k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 14% from 2022 to 2023, while revenue rose 9%.

$293k in 2022 to $333k in 2023.
  • Controller pay rose 15% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BOSTON SHIPPING ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$1.7M
2022
$1.9M
$1.7M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about BOSTON SHIPPING ASSOCIATION INC

What does the Board Member of BOSTON SHIPPING ASSOCIATION INC earn?

In 2023, the Board Member of BOSTON SHIPPING ASSOCIATION INC received $332,518 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at BOSTON SHIPPING ASSOCIATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at BOSTON SHIPPING ASSOCIATION INC falls in the top 10%.

What are BOSTON SHIPPING ASSOCIATION INC's revenue and expenses?

In 2023, BOSTON SHIPPING ASSOCIATION INC reported $1.9M in total revenue and $1.7M in total expenses on its IRS Form 990.

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