Form 990 for tax year 2024
Filed by AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST.
Totals
- Total revenue
- -$708,939
- Total expenses
- $5,369,543
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $233,243
- Investment income
- -$942,182
- Other revenue
- $0
- Total assets, end of year
- $119,114,873
- Total liabilities, end of year
- $966,420
- Net assets or fund balances, end of year
- $118,148,453
- Program services expenses (Part IX)
- $4,298,263
- Management and general expenses
- $1,071,280
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,298,263
Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: PARTICIPANT CONTRIBUTIONS
total $233,243 · related or exempt $233,243
-
3 · Investment income
total $1,953,585 · related or exempt $1,828 · excluded $1,951,757
-
7a · Gross sales of assets other than inventory
securities $28,863,561
-
7b · Less cost or other basis and sales expenses
securities $31,759,328
-
7c · Gain or loss
securities -$2,895,767
-
7d · Net gain or loss
total -$2,895,767 · related or exempt -$2,895,767
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $4,298,263 · program services $4,298,263
-
11f · Fees: investment management
total $1,071,280 · management and general $1,071,280
Balance sheet
Part X, book values.
-
11 · Investments: publicly traded securities
beginning of year $81,756,151 · end of year $86,786,889
-
12 · Investments: other securities
beginning of year $31,364,523 · end of year $32,087,883
-
15 · Other assets
beginning of year $242,440 · end of year $240,101
-
17 · Accounts payable and accrued expenses
beginning of year $1,864,631 · end of year $966,420
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
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 $111,498,483 · end of year $118,148,453
Mission and programs · 2024
Mission
THE PRIMARY EXEMPT PURPOSE OF THE AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST IS TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS AS SET FORTH IN THE AMERICAN BUREAU OF SHIPPING MASTER TRUST AGREEMENT.
-
PAYMENT OF EMPLOYEE BENEFITS FOR ELIGIBLE EMPLOYEES AND DEPENDENTS UNDER THE AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST.
Expenses $4,298,263
As filed on the 2024 return.
Listed in Part VII
-
STATE STREET
TRUSTEE
- Total calculated
- $20,485
- From this org
- $20,485
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
-
501(C)(6) · SHIP CLASS · NY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523079349301022
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