2026-03-30T08:23:51-05:00 2025-12-31 112965470 PRESTI & NAEGELE LLC 225 WEST 35TH STREET 5TH FLOOR NEW YORK NY 10001 990 2025-01-01 132726793 WORLDSCALE ASSOCIATION (NYC) INC WORL 2124222786 15 MAIDEN LANE 505 NEW YORK NY 10038 THOMAS CUMMING EXECUTIVE DIRECTOR 2124222786 2026-03-26 1 ANNEMARIE AGUANNO CPA P00734346 2127360055 2026-03-25 2025 2025-03-06 01:10:19Z THOMAS CUMMING 129 GARFIELD STREET MASSAPEQUA PARK NY 11762 4074760 0 X WWW.WORLDSCALE-USA.COM X 1972 DE TO ANALYZE SHIPPING COSTS AND PUBLISH ITS FINDINGS FOR SUBSCRIBING MEMBERS. 7 7 7 0 0 0 0 0 1557020 1627096 118002 132666 400 174150 1675422 1933912 33750 33850 0 0 1231427 1283801 0 0 0 542775 518085 1807952 1835736 -132530 98176 3858278 4109236 1826358 1838063 2031920 2271173 THE MISSION OF THE ORGANIZATION IS TO ANALYZE SHIPPING COSTS AND UPLOAD ITS FINDINGS FOR SUBSCRIBING MEMBERS OF THE SHIPPING INDUSTRY. 0 0 WORLDSCALE ASSOCIATION (NYC), INC. PROVIDES A SERVICE TO THE MARITIME SECTOR OF THE OIL INDUSTRY BY CALCULATING INTERNATIONAL FREIGHT RATES BASED ON THE STIPULATED WORLDSCALE FORMULA. THE ORGANIZATON PROVIDES THESE NOMINAL FREIGHT RATES AS A STANDARD OF REFERENCE TO THOSE SUBSCRIBING TO THE SERVICE OF THE ASSOCIATON BY UPLOADING THE CALCULATED RATES TO ITS WEBSITE. WORLDSCALE ASSOCIATION (NYC) CURRENTLY HAS APPROXIMATELY 200 PAID SUBSCRIBERS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 7 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THOMAS CUMMING 2124222786 15 MAIDEN LANE 505 NEW YORK NY 10038 BASIL G MAVROLEON CHAIRMAN/PRESIDENT 2.50 X X 5000 0 0 BRUCE SULLIVAN VICE CHAIRMAN/VICE-PRESIDE 1.75 X X 5000 0 0 CHRISTOPER C YOUNG TREASURER 1.50 X X 5000 0 0 PETER HOWARD-JOHNSON JR SECRETARY 1.50 X X 5000 0 0 CLARE SCHMIDT DIRECTOR 1.25 X 5000 0 0 JOHN STICHTER DIRECTOR 1.25 X 5000 0 0 NEIL MULHERN DIRECTOR 1.25 X 5000 0 0 THOMAS CUMMING EXECUTIVE DIRECTOR 40.00 X 257000 0 24500 ELENOR MCGORTY OPERATIONS DIRECTOR 40.00 X 162000 0 17500 FAMATTA FREEMAN MANAGER OF RATES & SYSTEMS 40.00 X 114946 0 10554 568946 0 52554 4 0 1 0 0 SUBSCRIPTIONS 900099 1627096 1627096 1627096 113546 113546 2159968 2140848 19120 19120 19120 ERC REFUND 900099 173750 173750 OTHER 900099 400 400 174150 1933912 1801246 0 132666 33850 575000 351000 75350 217732 64719 5000 13286 19882 7809 53703 94753 11289 8357 3337 37586 PRODUCTION COSTS 149437 LICENSING FEES 113646 1835736 460700 534118 300871 300897 24649 32687 35569 35569 3337 0 2628589 2879191 440132 362343 3858278 4109236 87734 85283 1312141 1399385 426483 353395 1826358 1838063 X 2031920 2271173 2031920 2271173 3858278 4109236 98176 141077 0 X X 1 X 0 1 0 35569 35569 0 0 INTEREST RECEIVABLE 9116 SECURITY DEPOSITS 18382 OPERATING LEASE RIGHT OF USE ASSET 334845 362343 OPERATING LEASE LIABILITY 353395 353395 1 SUNY MARITIME FOUNDATION 6 PENNYFIELD AVENUE BRONX NY 10465 473560167 501(C)(3) 1250 0 GENERAL SUPPORT UNITED STATES MERCHANT MARINE ACADAMY ALUMNI ASSOCIATION 300 STEAMBOAT ROAD KINGS POINT NY 11024 116037948 501(C)(3) 1350 0 GENERAL SUPPORT NORTH AMERICAN MARINE ENVIRONMENT PROTECTION ASSOCIATION 21 DAVIS HILL ROAD WESTON CT 06883 371552329 501(C)(3) 1250 0 GENERAL SUPPORT NORTH AMERCIAN MARITIME MINISTRY ASSOCIATIONS (NAMMA) 123 HAVEN STREET PO BOX 160 READING MA 01867 237065131 501(C)(3) 2500 0 GENERAL SUPPORT CMA EDUCATION FOUNDATION 100 FIRST STAMFORD PLACE SUITE 600 STAMFORD CT 06902 275437946 501(C)(3) 5000 0 GENERAL SUPPORT SEAMANS CHURCH INSTITUTE 50 BROADWAY FLOOR 26 NEW YORK NY 10004 135562356 501(C)(3) 5000 0 GENERAL SUPPORT MARITIME AQUARIUM 10 NORTH WATER STREET NORWALK CT 06584 061062912 501(C)(3) 7500 0 GENERAL SUPPORT COAST GUARD FOUNDATION 354 TAUGWONK ROAD STONINGTON CT 06378 042899862 501(C)(3) 10000 0 GENERAL SUPPORT 7 PART I, LINE 2: WORLDSCALE ASSOCIATION (NYC) INC. PROVIDES FUNDING TO ONLY 501(C)(3) OR 501(C)(6) ORGANIZATIONS THAT PROVIDE A SERVICE TO THE MARINE INDUSTRY. WHEN POSSIBLE, WE REQUEST THAT FUNDS BE USED FOR TEACHING AND/OR STUDY PROGRAMS FOR THE YOUNG. X X X X 0 0 0 THOMAS CUMMING EXECUTIVE DIRECTOR 192000 0 65000 0 0 0 19500 0 5000 0 281500 0 0 0 ELENOR MCGORTY OPERATIONS DIRECTOR 122000 0 40000 0 0 0 12500 0 5000 0 179500 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE CLASS OF MEMBERS. MEMBERSHIP IS LIMITED TO PERSONS HOLDING RESPONSIBLE POSITIONS IN FIRMS INVOLVED IN THE BUSINESS OF CHARTERING TANKER VESSELS, AND WHO ARE COMMITTED TO UPHOLDING THE WORLDSCALE SYSTEM AS A FAIR AND IMPARTIAL SCHEDULE OF COSTS WITHOUT SHOWING FAVORITISM TO ANY SEGMENT OF THE INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B AFTER APPROVAL BY MANAGEMENT AND THE BOARD CHAIRMAN, THE COMPLETED FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WORLDSCALE PROVIDES AN ANNUAL CONFLICT OF INTEREST POLICY/DISCLOSURE AGREEMENT TO THE BOARD MEMBERS AND OFFICERS FOR SIGNATURE. ALL POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE DEALT WITH ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S AND OPERATIONS DIRECTOR'S SALARIES ARE DETERMINED AND APPROVED BY THE ENTIRE BOARD, BASED ON COMPARABILITY DATA. DISCUSSIONS AND APPROVALS ARE APPROPRIATELY DOCUMENTED. THERE ARE NO OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD REVIEWS THE COMPILATION ON AN ANNUAL BASIS.