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← CONTAINER ROYALTY CENTRAL COLLECTION FUND

Form 990 for tax year 2022

Filed by CONTAINER ROYALTY CENTRAL COLLECTION FUND.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 9 August 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,878,242 changed to $2,425,919
Total expenses
$1,546,917 changed to $2,320,329
Program service revenue
$1,875,000 changed to $2,293,750
Investment income
$3,242 changed to $132,169
Total assets, end of year
$532,032,006 changed to $494,400,832
Total liabilities, end of year
$531,717,943 changed to $493,981,179
Net assets or fund balances, end of year
$314,063 changed to $419,653
Program service expenses (Part III)
not reported changed to $0

Listed only on the later return

  • Andrew McKenzie

Totals

Total revenue
$1,878,242
Total expenses
$1,546,917
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,875,000
Investment income
$3,242
Other revenue
$0
Total assets, end of year
$532,032,006
Total liabilities, end of year
$531,717,943
Net assets or fund balances, end of year
$314,063
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 $1,875,000 · related or exempt $1,875,000

  • 3 · Investment income

    total $3,242 · excluded $3,242

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $594,286

  • 8 · Pension plan contributions

    total $60,487

  • 9 · Other employee benefits

    total $85,536

  • 11a · Fees: management

    total $337,500

  • 11b · Fees: legal

    total $27,903

  • 11c · Fees: accounting

    total $32,756

  • 11g · Fees: other

    total $107,881

  • 13 · Office expenses

    total $13,506

  • 14 · Information technology

    total $100,452

  • 17 · Travel

    total $19,827

  • 22 · Depreciation, depletion and amortization

    total $36,576

  • 23 · Insurance

    total $7,835

  • 24a · Other expenses: GENERAL/ADMINISTRATIVE

    total $122,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,625,059 · end of year $19,696,916

  • 2 · Savings and temporary cash investments

    beginning of year $64,105,619 · end of year $156,330,200

  • 4 · Accounts receivable

    beginning of year $80,410,466 · end of year $212,839,441

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,609 · end of year $82,281

  • 10a · Land, buildings and equipment: cost or other basis

    $1,545,220

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,443,053

  • 10c · Land, buildings and equipment, net

    beginning of year $137,305 · end of year $102,167

  • 11 · Investments: publicly traded securities

    beginning of year $13,672,457 · end of year $14,277,529

  • 12 · Investments: other securities

    beginning of year $157,911,101 · end of year $128,576,667

  • 15 · Other assets

    beginning of year $0 · end of year $126,805

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,792 · end of year $90,399

  • 19 · Deferred revenue

    beginning of year $2,500,000 · end of year $2,850,000

  • 21 · Escrow or custodial account liability

    beginning of year $235,689,177 · end of year $299,726,888

  • 25 · Other liabilities

    beginning of year $222,589,909 · end of year $229,050,656

  • 27 · Net assets without donor restrictions

    beginning of year -$17,262 · end of year $314,063

Mission and programs · 2022

Mission

IN ACCORDANCE WITH THE MASTER CONTRACT THE FUND COLLECTS THE CONTRIBUTIONS MADE BY MANAGEMENT AND DISTRIBUTES THE APPROPRIATE AMOUNTS TO A NUMBER OF SEPERATE JOINT LABOR MANAGEMENT FUNDS WHICH PROVIDE COLLECTIVELY BARGAINED EMPLOYEE BENEFITS.

Activities or mission (Part I)

THE ORGANIZATION WAS FORMED TO COLLECT ALL ASSESSMENTS PAYABLE TO THE FUND IN ACCORDANCE WITH THE MASTER CONTRACT BETWEEN THE INTERNATIONAL LONGSHOREMEN'S ASSOCIATION AFL-CIO AND THE UNITED STATES MARITIME ALLIANCE, LTD.

  • IN ACCORDANCE WITH THE MASTER CONTRACT THE FUND COLLECTS THE CONTRIBUTIONS MADE BY MANAGEMENT AND DISTRIBUTES THE APPROPRIATE AMOUNTS TO A NUMBER OF SEPERATE JOINT LABOR MANAGEMENT FUNDS WHICH PROVIDE COLLECTIVELY BARGAINED EMPLOYEE BENEFITS.

As filed on the 2022 return.

Listed in Part VII

  • Anissa Frucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony J Dalonges

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Oelkers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Filacanevo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul McCarthy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Eileen Mackell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Jason Kohler

    DIRECTOR

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202302269349301845

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