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Nonprofiteer
← CARRIER-ILA CONTAINER ROYALTY FUND NO 5

Form 990 for tax year 2022

Filed by CARRIER-ILA CONTAINER ROYALTY FUND NO 5.

What the amendment changed

Compared with the return it replaced , filed 14 August 2023. matched by us Only the Part I totals and the names listed in Part VII 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
$91,721,636 changed to $114,348,609
Total expenses
$59,779,095 changed to $87,270,222
Program service revenue
$90,242,301 changed to $113,690,922
Investment income
$1,416,148 changed to $618,593
Other revenue
$63,187 changed to $39,094
Total assets, end of year
$215,921,489 changed to $251,210,645
Total liabilities, end of year
$63,643,535 changed to $63,569,760
Net assets or fund balances, end of year
$152,277,954 changed to $187,640,885
Program service expenses (Part III)
not reported changed to $0

Totals

Total revenue
$114,348,609
Total expenses
$87,270,222
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$113,690,922
Investment income
$618,593
Other revenue
$39,094
Total assets, end of year
$251,210,645
Total liabilities, end of year
$63,569,760
Net assets or fund balances, end of year
$187,640,885
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: ASSESSMENTS

    total $113,690,922 · related or exempt $113,690,922

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,062,902 · related or exempt $6,062,902

  • 6c · Rental income or loss

    real property $0 · personal property $0

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

    securities $5,444,309

  • 7c · Gain or loss

    securities -$5,444,309 · other assets $0

  • 7d · Net gain or loss

    total -$5,444,309 · excluded -$5,444,309

  • 11a · Other revenue: PENALTY FEE

    total $39,094 · related or exempt $39,094

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $39,094

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $86,708,439

  • 11a · Fees: management

    total $225,000

  • 11b · Fees: legal

    total $16,512

  • 11c · Fees: accounting

    total $13,033

  • 11f · Fees: investment management

    total $259,027

  • 11g · Fees: other

    total $0

  • 13 · Office expenses

    total $330

  • 23 · Insurance

    total $22,557

  • 24a · Other expenses: GENERAL/ADMINISTRATIVE

    total $25,324

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,799 · end of year $243,345

  • 4 · Accounts receivable

    beginning of year $12,269,908 · end of year $10,717,294

  • 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 $1,362,419 · end of year $1,587,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,842 · end of year $6,916

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $202,177,521 · end of year $238,655,895

  • 17 · Accounts payable and accrued expenses

    beginning of year $227,242 · end of year $153,467

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $63,416,293 · end of year $63,416,293

  • 27 · Net assets without donor restrictions

    beginning of year $152,277,954 · end of year $187,640,885

Mission and programs · 2022

Mission

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

Activities or mission (Part I)

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 THE JOINT MANAGEMENT ILA EMPLOYEE BENEFIT PLANS (OTHER THAN PENSION PLANS) IN THE LOCAL PORTS OR DISTRICTS.

As filed on the 2022 return.

Listed in Part VII

  • David F Adam

    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

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
2022
Filed
9 August 2024
IRS schema version
2022v5.0
Source object
202402229349300715

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