2023-08-29T11:38:40-05:00 2022-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-01-01 135615188 NATIONAL CARGO BUREAU INC NATI 2127858300 180 MAIDEN LANE 903 NEW YORK NY 10038 IAN J LENNARD PRESIDENT 2127858300 2023-08-29 1 IAN LENNARD XXX-XX-XXXX 1 GARRETT M HIGGINS P00543209 2122862600 2023-08-29 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z IAN J LENNARD 180 MAIDEN LANE 903 NEW YORK NY 10038 27800190 0 X WWW.NATCARGO.ORG X 1952 NY THE ORGANIZATION'S MISSION IS TO PROVIDE RECOMMENDATION FOR THE SAFE STOWAGE OF DANGEROUS GOODS AND OTHER CARGOES, AND DESIGN, STRENGTH, SAFETY AND SUITABILITY OF CARGO HANDLING GEAR AND CONTAINERS INCLUDING THE SECURITY AND INTEGRITY OF CONTAINERS. 20 18 123 31 0 0 0 0 21372822 21055034 3807450 3517619 66531 52885 25246803 24625538 76500 76500 0 0 14575807 15775474 0 0 0 3450734 3877792 18103041 19729766 7143762 4895772 143044465 121537446 1911943 2786473 141132522 118750973 X THE PURPOSE FOR WHICH NCB WAS FORMED IS TO FORMULATE AND RECOMMEND PROCEDURES, PRACTICES, RULES AND REGULATIONS FOR THE SAFE LOADING, STOWING, SECURING AND UNLOADING OF CARGO AND SUITABILITY OF CARGO HANDLING GEAR AND CARGO CONTAINERS, INCLUDING THE SECURITY AND INTEGRITY OF CONTAINERS; TO PROVIDE INSPECTION SERVICES IN RELATION TO THE LOADING, STOWING, SECURING AND UNLOADING OF CARGO AND CARGO CONTAINERS AND AS TO THE DESIGN, STRENGTH, SAFETY AND SUITABILITY OF CARGO HANDLING GEAR AND CARGO CONTAINERS, INCLUDING THE SECURITY AND INTEGRITY OF CONTAINERS; TO ISSUE CERTIFICATES, EITHER IN ITS OWN NAME OR AS AGENT, IN RESPECT OF THE FOREGOING; AND GENERALLY TO PROMOTE THE SAFETY OF LIFE AND CARGO AT SEA. 0 0 THE BUREAU PROVIDES RECOMMENDATIONS FOR THE SAFE STOWAGE OF DANGEROUS GOODS AND OTHER CARGOES, AND DESIGN, STRENGTH, SAFETY AND SUITABILITY OF CARGO HANDLING GEAR AND CARGO CONTAINERS INCLUDING THE SECURITY AND INTEGRITY OF CONTAINERS. IT WORKS AT THE INDUSTRY LEVEL TO ACHIEVE UNIFORMITY OF SAFETY STANDARDS AND REGULATIONS AND TO REMOVE OBSTACLES THAT RESULT FROM LACK OF UNIFORMITY FOR THE STOWAGE OF CARGO. NCB OFFERS LOW COST CARGO LOADING INSPECTION SERVICE, WHETHER ABOARD VESSELS OR IN CONTAINERS, AND AN INSPECTION SERVICE OF CARGO, CONTAINERS AND CARGO HANDLING GEAR; AND GENERALLY TO PROMOTE THE SAFETY OF LIFE AND CARGO AT SEA. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 29 0 123 1 0 1 UK 0 0 0 0 0 0 X 20 18 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KRISTIAN WIEDE 2127858300 180 MAIDEN LANE 903 NEW YORK NY 10038 X IAN J LENNARD PRESIDENT 40.00 3.00 X X 719729 0 223091 KRISTIAN WIEDE CHIEF FINANCIAL OFFICER AS OF MAY 2022 40.00 3.00 X X 363042 0 110846 JOHN W MURRAY CHAIRMAN 1.00 0.00 X X 0 0 0 ROBERT C GALLAGHER CHAIRMAN THRU MARCH 2022 1.00 0.00 X X 0 0 0 SEAN M DALTON DEPUTY CHAIRMAN 1.00 0.00 X X 0 0 0 PHILIP H GREENE TREASURER 1.00 0.00 X X 0 0 0 ROGER ABLETT DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH BREGLIA DIRECTOR THRU MARCH 2022 1.00 0.00 X 0 0 0 VIRGINIA CAMERON DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH J COX DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL CSORBA DIRECTOR THRU MARCH 2022 1.00 0.00 X 0 0 0 RICHARD D DESIMONE DIRECTOR THRU MARCH 2022 1.00 0.00 X 0 0 0 JEFF DIXON DIRECTOR 1.00 0.00 X 0 0 0 IAN DUTHIE DIRECTOR 1.00 0.00 X 0 0 0 JOHN J FERRARA DIRECTOR THRU MARCH 2022 1.00 0.00 X 0 0 0 KAREN GRISWOLD DIRECTOR 1.00 0.00 X 0 0 0 CLIFFORD JAGOE DIRECTOR 1.00 0.00 X 0 0 0 DEIRDRE H LITTLEFIELD DIRECTOR 1.00 0.00 X 0 0 0 DENNIS MARVIN DIRECTOR 1.00 0.00 X 0 0 0 THOMAS W MERRELL DIRECTOR 1.00 0.00 X 0 0 0 BRIAN MURPHY DIRECTOR 1.00 0.00 X 0 0 0 JAMES P NAWOJCHIK DIRECTOR 1.00 0.00 X 0 0 0 ROBERT H POUCH DIRECTOR 1.00 0.00 X 0 0 0 RICHARD SOJA DIRECTOR 1.00 0.00 X 0 0 0 JACK SULLIVAN DIRECTOR 1.00 0.00 X 0 0 0 THOMAS J MCCULLOUGH CHIEF FINANCIAL OFFICER THRU FEB 2022 40.00 3.00 X 63580 0 3119 SOSIMO FABIAN GENERAL COUNSEL CORPORATION SECRETARY AS OF OCT 2022 40.00 0.00 X 87511 0 0 MIKE DURKIN CHIEF INFORMATION OFFICER 40.00 0.00 X 118632 0 2861 SCOTT D BROWN CHIEF, MARINE RISK ENGINEE 40.00 0.00 X 252796 0 141086 ROBERT AHLBORN VP, LINER OPERATIONS 40.00 3.00 X 238157 0 29946 ERIC T ROUNDS CHIEF SURVEYOR 40.00 0.00 X 227990 0 83745 JORGE A PECCI-SAAVEDRA DIRECTOR, MARINE RISK ENGINEERING 40.00 0.00 X 210545 0 38143 EDWARD F WALKER DEPUTY CHIEF SURVEYOR 40.00 0.00 X 209219 0 72720 ROBERT T HARRIS DEPUTY CHIEF SURVEYOR 40.00 0.00 X 190473 0 34183 PHILIP I ANDERSON CHIEF, TECHNICAL DIRECTOR 40.00 0.00 X 187473 0 79356 MURAT KOKSEL DIRECTOR, LINER ACTIVITIES 40.00 0.00 X 175529 0 29167 3044676 0 848263 56 0 1 0 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 AUDITING & TAX SERVICES 115850 1 INSPECTION SERVICES 480000 20950576 20950576 COURSES/SEMINARS 611710 55091 55091 IMDG CODE/STOWAGE 480000 49367 49367 21055034 3823728 3823728 2775000 84832 3150782 15159 -375782 69673 -306109 -306109 7950 8711 -761 -761 MISCELLANEOUS INCOME 900099 34910 34910 MANAGEMENT FEES 900099 18736 18736 53646 24625538 21054273 0 3571265 75000 1500 2286745 10637859 166793 1506296 1177781 41597 129000 33558 367003 234007 173638 678509 650305 30650 793080 531654 LOCAL TAXES 97921 EDUCATION AND TRAINING 50317 DUES AND SUBSCRIPTIONS 32523 RELOCATION EXPENSES 12708 21322 19729766 1063234 1325296 55618 55624 2551885 2431330 1883 1325 618825 601138 3131615 2403425 815666 728190 85906505 71928945 1133121 1982367 2204411 1856339 48693317 40626892 143044465 121537446 341739 380648 1570204 2405825 1911943 2786473 X 141132522 118750973 141132522 118750973 143044465 121537446 X 4895772 -15037226 326664 -12566759 X X 0 1 X 1 0 19614 11350 8264 2888895 2206095 682800 223106 185980 37126 728190 SECURITY DEPOSITS 18949 PENSION ASSETS 38385027 RIGHT OF USE ASSETS - OPERATING LEASES 2222916 40626892 LEASES PAYABLE 2405825 2405825 X -3526937 -15037226 3563661 -11473565 7946628 33558 16645352 16678910 24625538 20660978 2518497 2518497 18142481 33558 1553727 1587285 19729766 PART X, LINE 2: THE BUREAU RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE BUREAU HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE BUREAU IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO DECEMBER 31, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY REVENUE INCLUDED PER AUDIT 3,032,368. CHANGE IN ALLOCATION OF INVESTMENT 522,582. RECLASS OF PUBLICATION EXPENSES TO PART VIII 8,711. PART XI, LINE 4B - OTHER ADJUSTMENTS: PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION BENEFIT 14,549,332. NET TRANSFER FROM RELATED PARTY 1,479,702. ELIMINATING ENTRIES 541,318. SCHOLARSHIP EXPENSES 75,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTY EXPENSE INCLUDED PER AUDIT 2,509,786. RECLASS OF PUBLICATION EXPENSES TO PART VIII 8,711. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 75,000. NET PERIODIC PENSION COST 1,459,991. ELIMINATING ENTRIES 18,736. EUROPE 0 0 INVESTMENTS 1982367 0 0 0 0 0 0 1982367 0 1982367 0 0 1 0 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3: NCB IS REQUIRED TO FILE FORM 5471 BECAUSE IT MEETS THE APPLICABLE FILING REQUIREMENT. 1 CALIFORNIA MARITIME ACADEMY 200 MARITIME ACADEMY DRIVE VALLEJO CA 945908181 680316355 STATE OF CA 15000 0 AWARD FOR EXCELLENCE IN CARGO MAINE MARITIME ACADEMY PLEASANT STREET CASTINE ME 04420 016000724 STATE OF ME 15000 0 ANNUAL SCHOLARSHIP MASSACHUSETTS MARITIME ACADEMY 101 ACADEMY DRIVE BUZZARDS BAY MA 02532 237025807 STATE OF MA 15000 0 ANNUAL SCHOLARSHIP SUNY MARITIME COLLEGE 6 PENNYFIELD AVENUE BRONX NY 10465 146013200 STATE OF NY 15000 0 ANNUAL SCHOLARSHIP TEXAS A&M MARITIME ACADEMY 3031 SEAWOLD PARK VLVD GALVESTON TX 77554 746000531 STATE OF TX 15000 0 ANNUAL SCHOLARSHIP 5 0 PART I, LINE 2: NCB AWARDS SCHOLARSHIPS TO CADETS PURSUING A 4-YEAR COLLEGE DEGREE STUDYING FOR THE US COAST GUARD DECK LICENSE OR DUAL (DECK/ENGINE) LICENSE PROGRAM. EACH SCHOOL SELECTS THE RECIPIENTS OF THE SCHOLARSHIP AND SUBMITS A REPORT TO NCB ON THE SELECTION OF THE RECIPIENTS (WHICH INCLUDES THE NAME OF THE RECIPIENT, RECIPIENT'S GPA, GRADE LEVEL, MAJOR STUDIED). THE SCHOOL SELECTS THE CADETS BASED ON MERIT. RECIPIENTS MUST BE FULL TIME STUDENTS IN GOOD STANDING AND HAVE A GRADE POINT AVERAGE OF AT LEAST A 3.0. RECIPIENTS MUST BE ENROLLED IN THE U.S, COAST GUARD DECK LICENSE OR DUAL (DECK/ENGINE) LICENSE PROGRAM. X X X X 1 1 0 IAN J LENNARD PRESIDENT 439899 0 265000 0 14830 0 218750 0 4341 0 942820 0 0 0 KRISTIAN WIEDE CHIEF FINANCIAL OFFICER AS OF MAY 2022 225405 0 122813 0 14824 0 77344 0 33502 0 473888 0 0 0 SCOTT D BROWN CHIEF, MARINE RISK ENGINEE 163782 0 78754 0 10260 0 106645 0 34441 0 393882 0 0 0 ERIC T ROUNDS CHIEF SURVEYOR 145946 0 70810 0 11234 0 48737 0 35008 0 311735 0 0 0 EDWARD F WALKER DEPUTY CHIEF SURVEYOR 143247 0 56976 0 8996 0 61289 0 11431 0 281939 0 0 0 ROBERT AHLBORN VP, LINER OPERATIONS 154212 0 72705 0 11240 0 8897 0 21049 0 268103 0 0 0 PHILIP I ANDERSON CHIEF, TECHNICAL DIRECTOR 136598 0 40762 0 10113 0 58382 0 20974 0 266829 0 0 0 JORGE A PECCI-SAAVEDRA DIRECTOR, MARINE RISK ENGINEERING 124436 0 75960 0 10149 0 6000 0 32143 0 248688 0 0 0 ROBERT T HARRIS DEPUTY CHIEF SURVEYOR 127522 0 53033 0 9918 0 22588 0 11595 0 224656 0 0 0 MURAT KOKSEL DIRECTOR, LINER ACTIVITIES 118265 0 47081 0 10183 0 18104 0 11063 0 204696 0 0 0 PART I, LINES 4A-B IAN LENNARD, PRESIDENT, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) AND A CONTRIBUTION WAS MADE ON HIS BEHALF TO THE PLAN BY NCB IN THE AMOUNT OF $45,018. PURSUANT TO THE TERMS AND CONDITIONS OF THE SEVERANCE AGREEMENT, NCB MADE A SEVERANCE PAYMENT TO THOMAS MCCULLOUGH IN THE AMOUNT OF $36,310. THE PAYMENT WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III). FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS AMENDED THE BY-LAWS IN 2022. CHANGES MADE TO THE AMENDED BY-LAWS INCLUDED AND NOT LIMITED TO THE FOLLOWING: - ARTICLE III, SECTION 1: THE TWO INSIDE DIRECTORS POSITIONS UPDATED FROM THE PRESIDENT AND CORPORATE SECRETARY TO THE PRESIDENT AND CHIEF FINANCIAL OFFICER - ARTICLE IV, SECTION 1: ADDED THE CHIEF FINANCIAL OFFICER POSITION AS OFFICER OF THE ORGANIZATION - ARTICLE IV, SECTION 8: ADDED THE RESPONSIBILITIES OF THE CHIEF FINANCIAL OFFICER FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE NATIONAL CARGO BUREAU, INC. IS COMPOSED OF PERSONS WHO ARE PROMINENTLY IDENTIFIED WITH STEAMSHIP MANAGEMENT OR MARINE INSURANCE UNDERWRITING ORGANIZATIONS, PERSONS IN OR OFFICIALLY CONNECTED WITH THE US GOVERNMENT OR A BRANCH OR DEPARTMENT THEREOF, AND PERSONS IN CIVIL LIFE PROMINENT IN BRANCHES OF SCIENCE APPERTAINING TO OR AFFECTING THE CARRIAGE OF CARGO IN THE MARITIME COMMERCE OF THE US. FORM 990, PART VI, SECTION A, LINE 7A THE NATIONAL CARGO BUREAU, INC. HAS MEMBERS WHO SERVE ON THE NOMINATING COMMITTEE WHICH WILL MEET AND DETERMINE THOSE TO BE NOMINATED FOR THE BOARD DIRECTORS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B NATIONAL CARGO BUREAU, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, IT IS PROVIDED TO THE BUREAU FROM THE OUTSIDE ACCOUNTANTS. IT IS INITIALLY REVIEWED BY THE CHIEF FINANCIAL OFFICER OF THE ORGANIZATION AND THEN PROVIDED TO THE PRESIDENT FOR FINAL REVIEW AND APPROVAL. THE BOARD RECEIVES A COPY OF THE FORM 990 AFTER IT HAS BEEN FILED AT THE NEXT SCHEDULED MEETING FOLLOWING THE IRS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES. THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR THE ADOPTION, IMPLEMENTATION OF AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. UPON INITIAL APPOINTMENT, ELECTION OR EMPLOYMENT, EACH KEY PERSON (INCLUDING MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES) MUST COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE AND PROVIDE IT TO NCB'S PRESIDENT AND CHAIRMAN OF BOARD TO BE REVIEWED BY THE BOARD. IN ADDITION, ANNUALLY EVERY DIRECTOR MUST COMPLETE THE REQUIRED CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST. THE CHAIRMAN OF THE BOARD WILL REVIEW IN ADVANCE THE AGENDA OF EACH ANNUAL, REGULAR AND SPECIAL MEETING OF THE BOARD AND OF ANY COMMITTEES AND IDENTIFY, TO THE EXTENT POSSIBLE, POTENTIAL CONFLICT OF INTEREST. IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, THE CHAIRMAN OF THE BOARD WILL NOTIFY AND ADVISE THE INDIVIDUAL WITH THE POTENTIAL CONFLICT PRIOR TO THE APPLICABLE MEETING. IN ADDITION, EACH KEY PERSON ATTENDING A MEETING OF THE BOARD OR COMMITTEE WHO BELIEVES THERE IS OR MAY BE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EITHER FOR HIMSELF OR HERSELF OR ANY OTHER KEY PERSON MUST IDENTIFY THE ISSUE FOR CONSIDERATION BY THE BOARD IF THE CHAIRMAN OF THE BOARD HAS NOT DONE SO. IF A KEY PERSON MAY HAVE A CONFLICT OF INTEREST, THE KEY PERSON MUST, IF APPLICABLE, LEAVE THE MEETING OF THE BOARD OR COMMITTEE DELIBERATING AND VOTING ON THE MATTER GIVING RISE TO THE CONFLICT OF INTEREST AFTER PROVIDING ALL MATERIAL INFORMATION RELEVANT TO THE EXISTENCE OF A CONFLICT. THE MINUTES OF EACH MEETING OF THE BOARD OR COMMITTEE MUST CONTAIN THE NAME(S) OF KEY PARTIES, THE NATURE OF THE INTEREST, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. FORM 990, PART VI, SECTION B, LINE 15 OFFICERS OF THE COMPANY ARE INDEPENDENTLY EVALUATED BY THE BOARD OF DIRECTORS. PREVIOUS YEAR'S PERFORMANCE IS EVALUATED AND SIMILAR POSITIONS WITHIN THE INDUSTRY AND OTHER 501(C)(6) ORGANIZATIONS WITH SIMILAR ASSET/REVENUE STRUCTURES ARE USED AS A GUIDE IN ORDER TO ARRIVE AT A SATISFACTORY LEVEL OF COMPENSATION. IN 2022, AN OUTSIDE PARTY CONDUCTED AN INDEPENDENT STUDY WHICH EVALUATED THE COMPENSATION LEVELS OF EACH POSITION AGAINST THE CURRENT MARKETPLACE. THE RESULT OF THE STUDY IS PRESENTED TO NCB'S COMPENSATION COMMITTEE FOR EVALUATION. THE COMPENSATION COMMITTEE WILL MAKE OFFICER'S COMPENSATION RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE. PRIOR TO MAKING A RECOMMEDATION TO THE BOD, THE EXECUTIVE COMMITTEE WILL CONSIDER ANY AND ALL RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE. THE OFFICER'S COMPENSATION REVIEW PORTION OF THE BOARD OF DIRECTORS MEETING IS HELD WITHOUT THE OFFICER'S PRESENCE AND CONCLUSIONS ARE RECORDED IN THE MINUTES OF THE MEETING. THIS PROCESS IS USED IN DETERMINING THE COMPENSATION FOR THE PRESIDENT, CHIEF FINANCIAL OFFICER, AND CORPORATE SECRETARY. THERE IS A FOUR STEP PROCESS IN DETERMINING COMPENSATION FOR EMPLOYEES (EXCEPT OFFICERS) IN THE ORGANIZATION: 1) THE COMPENSATION COMMITTEE RECOMMENDS TO THE EXECUTIVE COMMITTEE AN AVERAGE ANNUAL INCREASE BASED ON CORPORATE PERFORMANCE, INDUSTRY CONDITIONS AND ECONOMIC OUTLOOK. 2) THE EXECUTIVE COMMITTEE WILL CONSIDER THE COMPENSATION COMMITTEES RECOMMENDATION AND WILL PROVIDE A RECOMMENDATION TO THE BOARD OF DIRECTORS. 3) THE STUDY RESULTS AND THE EXECUTIVE COMMITTEE'S RECOMMENDATION IS DISCUSSED BY THE BOARD OF DIRECTORS WHO CONCURS OR OVERRIDES DECISION BASED ON THEIR ANALYSIS. 4) EMPLOYEES ARE SUBJECT TO A WRITTEN CALENDAR YEAR EVALUATION BY THEIR IMMEDIATE SUPERVISOR, WHICH IS THEN REVIEWED BY THE PRESIDENT AND DEPUTY CHIEF. PERFORMANCE IS QUANTIFIED BASED ON A NUMERIC SYSTEM. INCREASES ARE REWARDED BASED ON A PERCENTAGE ABOVE OR BELOW THE MEAN. THE AVERAGE RAISE WOULD BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 NATIONAL CARGO BUREAU MAKES ITS TAX RETURNS, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO ALL INTERESTED PARTIES. A BOOKLET WHICH DETAILS THE DIRECTORY OF MEMBERS, OFFICERS, COMMITTEES, BY-LAWS STATEMENT IS DISTRIBUTED ANNUALLY. THE TAX RETURNS APPEAR PUBLICLY ON THE GUIDESTAR.ORG WEBSITE AND HAVE BEEN VERIFIED FOR ACCURACY AND AVAILABILITY. THE CORPORATE FINANCIAL STATEMENTS ARE ALSO PROVIDED UPON REQUEST. FORM 990, PART VII, COLUMNS (E) AND (F): MIKE DURKIN IS BRITISH AND RESIDES IN THE UK. ALL OF HIS COMPENSATION REPORTED IN PART VII AND SCHEDULE J IS TAXED IN THE UK. HE RECEIVES NO US COMPENSATION. THE COMPENSATION REPORTED IN PART VII AND SCHEDULE J WAS CONVERTED FROM BRITISH POUND TO U.S. DOLLARS. FORM 990, PART XI, LINE 9: PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION BENEFIT -14,549,332. NET PERIODIC PENSION COST 1,459,991. CHANGE IN ALLOCATION OF INVESTMENT 522,582. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. EXIS TECHNOLOGIES LIMITED 3 TRINITY COURT FAVERDALE NORTH DARLINGTON COUNTY DURHAM UK DL3 0PH COMPUTERIZED SYSTEMS & SOFTWARE UK NATIONAL CARGO BUREAU INC C 3077279 2103441 1.00000 1 EXIS (GROUP) LIMITED 3 TRINITY COURT FAVERDALE NORTH DARLINGTON COUNTY DURHAM UK DL3 0PH SEA TRANSPORT MGMT SYSTEM UK NATIONAL CARGO BUREAU INC C 1.00000 1 EXIS HOLDINGS LIMITED 3 TRINITY COURT FAVERDALE NORTH DARLINGTON COUNTY DURHAM UK DL3 0PH INVESTMENT PROPERTY UK EXIS (GROUP) LIMITED C 1 EXIS MAINTENANCE LIMITED 3 TRINITY COURT FAVERDALE NORTH DARLINGTON COUNTY DURHAM UK DL3 0PH SEA TRANSPORT SUPPORT SERVICE UK EXIS HOLDINGS LIMITED C 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 EXIS TECHNOLOGIES LIMITED F 1479702 COST EXIS TECHNOLOGIES LIMITED S 200000 COST