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← CARRIER-ILA CONTAINER ROYALTY FUND NO 5

Form 990 for tax year 2024

Filed by CARRIER-ILA CONTAINER ROYALTY FUND NO 5.

Totals

Total revenue
$158,747,833
Total expenses
$134,781,886
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$148,655,532
Investment income
$10,016,566
Other revenue
$75,735
Total assets, end of year
$378,421,458
Total liabilities, end of year
$110,222,434
Net assets or fund balances, end of year
$268,199,024
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ASSESSMENTS

    total $148,655,532 · related or exempt $148,655,532

  • 3 · Investment income

    total $10,616,404 · excluded $10,616,404

  • 7b · Less cost or other basis and sales expenses

    securities $599,838

  • 7c · Gain or loss

    securities -$599,838

  • 7d · Net gain or loss

    total -$599,838 · related or exempt -$599,838

  • 11a · Other revenue: PENALTY FEES

    total $75,735 · related or exempt $75,735

  • 11e · Other revenue, total

    $75,735

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $236,250

  • 11b · Fees: legal

    total $16,935

  • 11c · Fees: accounting

    total $16,710

  • 11f · Fees: investment management

    total $452,829

  • 11g · Fees: other

    total $10,080

  • 13 · Office expenses

    total $1,521

  • 23 · Insurance

    total $21,976

  • 24a · Other expenses: BENEFITS ASSISTANCE - P

    total $134,025,585

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,709 · end of year $696,937

  • 4 · Accounts receivable

    beginning of year $10,568,356 · end of year $12,644,347

  • 7 · Other notes and loans receivable

    beginning of year $1,665,491 · end of year $1,607,527

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,645 · end of year $7,861

  • 15 · Other assets

    beginning of year $287,969,817 · end of year $363,464,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,502 · end of year $91,924

  • 25 · Other liabilities

    beginning of year $63,416,293 · end of year $110,130,510

  • 27 · Net assets without donor restrictions

    beginning of year $236,880,223 · end of year $268,199,024

Mission and programs · 2024

Mission

THE FUND PROVIDES FINANCIAL ASSISTANCE TO JOINT MANAGEMENT ILA EMPLOYEE BENEFIT PLANS (OTHER THAN PENSION) IN LOCAL PORTS OR DISTRICTS.

  • BENEFITS ASSISTANCE - ASSISTANCE FOR LOCAL PORT ASSOCIATIONS. TO PROVIDE FINANCIAL ASSISTANCE TO JOINT MANAGEMENT ILA EMPLOYEE BENEFIT PLANS (OTHER THAN PENSION) IN LOCAL PORTS OR DISTRICTS.

As filed on the 2024 return.

Listed in Part VII

  • David F Adam - Past

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Knott

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alan Robb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anissa Frucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Benny Holland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dennis Daggett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James R Gray

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jason Winter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kurt Mittenzwei

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wilbert Rowell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul De Maria

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
4 March 2026
IRS schema version
2024v5.5
Source object
202630639349301443

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