ABS is a business or industry association based in Spring, TX that was founded in 1862. As of 2019 they had $460 million in revenue and $1.6 billion in assets.
ABS's mission is to promote the security of life, property and the marine environment through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities.
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.
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|---|---|---|
| 2018-12 | Feb 11, 2020 | 990 | View PDF |
| 2017-12 | Feb 21, 2019 | 990 | View PDF |
| 2016-12 | Jan 18, 2018 | 990 | View PDF |
| 2015-12 | Mar 28, 2017 | 990O | View PDF |
| 2014-12 | Feb 10, 2016 | 990O | View PDF |
| ...and five more Form 990 PDFs | |||
| Field | 2018 |
|---|---|
| Total grants, contributions, etc. | $0 |
| Program services | $417,905,327 |
| Investment income and dividends | $27,441,589 |
| Tax-exempt bond proceeds | $0 |
| Royalty revenue | $0 |
| Net rental income | $14,154 |
| Net gain from sale of non-inventory assets | $13,684,014 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous revenues | $1,126,388 |
| Total revenues | $460,171,472 |
| Vendor | Services | Amount paid | Date |
|---|---|---|---|
| Kimbrell and Associates | Tax accounting | 2020-02-11 | |
| █████ ███ █████ ██ ███ | Accounting Services | $1,597,689 | 2018-12-01 |
| ████████ ███ ███ | Tax Services; Consulting Services | $2,400,518 | 2018-12-01 |
| ████ ███████ ███ | Staffing Services | $864,702 | 2018-12-01 |
| ████ ████ ████████ ███ ███████ ████ | Staffing Services | $795,734 | 2018-12-01 |
| ████████████ ████ █████████ ███████ | Insurance; Custodial (other than securities), Investment management; Contract Administrator | $29,979 | 2017-12-31 |
| █████ | Insurance | 2017-12-31 | |
| ██████ ███████ ████ | Insurance | 2017-12-31 | |
| ...and 20 more vendors | |||
| Name | Title | Compensation | Most recent data |
|---|---|---|---|
| Christopher J. Wiernicki | Chairman, President and Chief Executive Officer | $2.1 million | Sept. 6, 2019 |
| Tony Nassif | Executive Vice President and Chief Operating Officer | $905,701 | Sept. 6, 2019 |
| ████ ██████ | Executive Vice President and Chief Financial Officer | - | Sept. 6, 2019 |
| ██████ ███████ | Chief Digital Officer | $446,894 | Sept. 6, 2019 |
| █████ ███████ | Senior Vice President and Chief Information Officer Cio | $429,586 | Sept. 6, 2019 |
| █████ █████ | Vice President and Chief Engineer | $424,222 | Sept. 6, 2019 |
| █████ ████ | Senior Vice President of Marketing and Communications | $414,139 | Sept. 6, 2019 |
| ███████ ████ | Senior Vice President, Engineering and Technology | - | Sept. 6, 2019 |
| ████ █████ | Senior Vice President of Human Resources and Administration | $457,874 | Sept. 6, 2019 |
| ███ ██████ | Senior Vice President, Government | - | Sept. 6, 2019 |
| ...and 16 more key personnel | |||