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← PAID HOLIDAY PLAN

Form 990 for tax year 2023

Filed by PAID HOLIDAY PLAN.

Totals

Total revenue
$94,816,113
Total expenses
$101,358,438
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$93,997,773
Investment income
$0
Other revenue
$818,340
Total assets, end of year
$1,035,458
Total liabilities, end of year
$176,105
Net assets or fund balances, end of year
$859,353
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: CONTRIBUTIONS BY EMPLOYERS

    total $93,997,773 · related or exempt $93,997,773

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $818,340 · related or exempt $818,340

  • 11e · Other revenue, total

    $818,340

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $68,940

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PAYMENTS OF BENEFITS TO

    total $0

  • 24b · Other expenses: ELIGIBLE WORKERS UNDER

    total $0

  • 24c · Other expenses: COLLECTIVE BARGAINING

    total $0

  • 24d · Other expenses: AGREEMENTS

    total $101,289,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,541,470 · end of year $217,118

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $818,340

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,792 · end of year $176,105

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,401,678 · end of year $41,013

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $818,340

Mission and programs · 2023

Mission

THE PMA PAID HOLIDAY PLAN PROVIDES ALL LONGSHORE WORKERS, CLERKS, WALKING BOSSES, AND WATCHMEN, WHO ARE ELIGIBLE, PAID HOLIDAYS, AS DEFINED BY THE ILWU-PMA COLLECTIVE BARGAINING AGREEMENTS.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE PMA PAID HOLIDAY PLAN PROVIDES ALL LONGSHORE WORKERS, CLERKS, WALKING BOSSES, AND WATCHMEN, WHO ARE ELIGIBLE, PAID HOLIDAYS, AS DEFINED BY THE ILWU-PMA COLLECTIVE BARGAINING AGREEMENTS.

As filed on the 2023 return.

Listed in Part VII

  • James C McKenna

    TRUSTEE (UNTIL 3/24)

    Total calculated
    $1,701,566
    From this org
    $0
    From related orgs
    $1,422,423
    Other
    $279,143
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $720,826 related
    Bonus
    $0 + $452,027 related
    Other
    $0 + $249,570 related
    Deferred
    $0 + $228,302 related
    Nontaxable benefits
    $0 + $50,841 related
    Filer's total
    $0 + $1,701,566 related

  • Michael H Wechsler

    TRUSTEE

    Total calculated
    $1,104,350
    From this org
    $0
    From related orgs
    $879,321
    Other
    $225,029
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,132 related
    Bonus
    $0 + $232,850 related
    Other
    $0 + $168,339 related
    Deferred
    $0 + $159,609 related
    Nontaxable benefits
    $0 + $65,420 related
    Filer's total
    $0 + $1,104,350 related

  • Stephen Hennessey

    TRUSTEE (FROM 1/24)

    Total calculated
    $1,021,379
    From this org
    $0
    From related orgs
    $871,619
    Other
    $149,760
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,734 related
    Bonus
    $0 + $222,883 related
    Other
    $0 + $187,002 related
    Deferred
    $0 + $96,372 related
    Nontaxable benefits
    $0 + $53,388 related
    Filer's total
    $0 + $1,021,379 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, LINE 4B
THE PLAN'S SPONSOR, THE PACIFIC MARITIME ASSOCIATION ("PMA"), EMPLOYS THE PLAN'S TRUSTEES. PMA MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN THAT PROVIDES FOR ANNUAL DEFERRALS OF COMPENSATION TO ELIGIBLE PARTICIPANTS (JAMES MCKENNA, MICHAEL WECHSLER, AND STEPHEN HENNESSEY). THE PLAN PROVIDES FOR 2% OF FINAL AVERAGE PAY FOR EACH YEAR OF EXECUTIVE SERVICE AS RECOMMENDED TO THE BOARD BY THE COMPENSATION CONSULTANT. THE DEFERRALS ARE TAXABLE UPON VESTING. THE TAXABLE (VESTED) DEFERRALS WERE INCLUDED IN COLUMN (B)(III) AND THE UNVESTED DEFERRALS WERE INCLUDED IN COLUMN (C) AS FOLLOWS: COLUMN (B)(III) COLUMN (C) JAMES MCKENNA 203,572 162,718 MICHAEL WECHSLER 106,014 83,154 STEPHEN HENNESSEY 94,330 73,747

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MARITECH CORPORATION

    C CORP · PAYROLL PROC. · NV · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349309375

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