Totals
- Total revenue
- $185,777,942
- Total expenses
- $175,005,529
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $167,508,721
- Investment income
- $12,652
- Other revenue
- $18,256,569
- Total assets, end of year
- $1,280,781,130
- Total liabilities, end of year
- $1,200,651,130
- Net assets or fund balances, end of year
- $80,130,000
- 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: MEMBER ASSESSMENTS
total $167,508,721 · related or exempt $167,508,721
-
3 · Investment income
total $252 · excluded $252
-
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
-
7a · Gross sales of assets other than inventory
securities $36,372
-
7b · Less cost or other basis and sales expenses
securities $23,972
-
7c · Gain or loss
securities $12,400
-
7d · Net gain or loss
total $12,400 · excluded $12,400
-
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: MANAGEMENT FEES
total $847,000 · related or exempt $847,000
-
11b · Other revenue: REIMBURSEMENT BY AFFILIATE
total $95,276 · related or exempt $95,276
-
11c · Other revenue: CUSTODIAL MANAGEMENT FEES
total $17,210,489 · related or exempt $17,210,489
-
11d · All other revenue
total $103,804 · related or exempt $103,804
-
11e · Other revenue, total
$18,256,569
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 $4,777,377
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $21,433,135
-
8 · Pension plan contributions
total $1,296,490
-
9 · Other employee benefits
total $4,163,166
-
10 · Payroll taxes
total $1,501,859
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $13,653,819
-
11c · Fees: accounting
total $351,470
-
11d · Fees: lobbying
total $355,400
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $10,045,584
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,884,323
-
14 · Information technology
total $1,933,690
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,242,776
-
17 · Travel
total $2,078,412
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $548,834
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,369,342
-
23 · Insurance
total $1,293,328
-
24a · Other expenses: LONGSHORE TRAINING PROGRAMS
total $46,437,919
-
24b · Other expenses: LONGSHORE DISPATCH HALLS
total $43,976,925
-
24c · Other expenses: PAYROLL PROCESSING FEES
total $2,658,342
-
24d · Other expenses: LEGAL SETTLEMENTS
total $9,611,404
-
24e · All other expenses
total $1,391,934
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $296,828,359 · end of year $80,638,745
-
2 · Savings and temporary cash investments
beginning of year $623,637,332 · end of year $824,619,310
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $84,508,954 · end of year $293,971,472
-
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 $2,512,790 · end of year $2,488,806
-
10a · Land, buildings and equipment: cost or other basis
$95,802,774
-
10b · Land, buildings and equipment: accumulated depreciation
$54,178,964
-
10c · Land, buildings and equipment, net
beginning of year $39,744,954 · end of year $41,623,810
-
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 $4,546,632 · end of year $37,438,987
-
17 · Accounts payable and accrued expenses
beginning of year $22,130,383 · end of year $36,940,434
-
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 $13,172 · end of year $13,172
-
25 · Other liabilities
beginning of year $960,934,726 · end of year $1,163,697,524
-
29 · Capital stock, trust principal or current funds
beginning of year $68,700,740 · end of year $80,130,000
-
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 $0
Mission and programs · 2022
Mission
TO NEGOTIATE AND ADMINISTER MARITIME LABOR AGREEMENTS WITH THE INTERNATIONAL LONGSHORE & WAREHOUSE UNION. THE MEMBERSHIP OF PMA CONSISTS OF DOMESTIC CARRIERS, INTERNATIONAL CARRIERS AND STEVEDORES THAT OPERATE IN CALIFORNIA, OREGON, AND WASHINGTON. THE LABOR AGREEMENTS PMA NEGOTIATES ON BEHALF OF ITS MEMBERS COVER WAGES, EMPLOYEE BENEFITS, AND CONDITIONS OF EMPLOYMENT FOR WORKERS EMPLOYED AT LONGSHORE, MARINE CLERK, AND WALKING BOSS/FOREMAN JOBS.
Activities or mission (Part I)
TO NEGOTIATE AND ADMINISTER MARITIME LABOR AGREEMENTS WITH THE INTERNATIONAL LONGSHORE & WAREHOUSE UNION.
-
NEGOTIATING AND ADMINISTERING LABOR AGREEMENTS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James McKennaJAMES MCKENNA
CEO
- Total calculated
- $1,541,109
- From this org
- $1,286,274
- From related orgs
- $0
- Other
- $254,835
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $686,551
- Bonus
- $376,689
- Other
- $223,034
- Deferred
- $166,048 + $39,963 related
- Nontaxable benefits
- $48,824
- Filer's total
- $1,501,146 + $39,963 related
-
Craig EppersonCRAIG EPPERSON
SVP, SECRETARY & GEN. COUNSEL
- Total calculated
- $1,033,966
- From this org
- $883,048
- From related orgs
- $0
- Other
- $150,918
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $488,138
- Bonus
- $207,088
- Other
- $187,822
- Deferred
- $104,056
- Nontaxable benefits
- $46,862
- Filer's total
- $1,033,966
-
Michael WechslerMICHAEL WECHSLER
SVP FINANCE & ADMIN/CFO
- Total calculated
- $1,006,149
- From this org
- $799,786
- From related orgs
- $0
- Other
- $206,363
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $455,902
- Bonus
- $194,042
- Other
- $149,842
- Deferred
- $94,943 + $50,074 related
- Nontaxable benefits
- $61,346
- Filer's total
- $956,075 + $50,074 related
-
Stephen HennesseySTEPHEN HENNESSEY
SVP LABOR RELATIONS, COO
- Total calculated
- $885,447
- From this org
- $753,963
- From related orgs
- $0
- Other
- $131,484
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $439,742
- Bonus
- $185,736
- Other
- $128,485
- Deferred
- $86,541
- Nontaxable benefits
- $44,943
- Filer's total
- $885,447
-
Kenneth Chad LindsayKENNETH CHAD LINDSAY
VP LABOR RELATIONS
- Total calculated
- $512,220
- From this org
- $427,526
- From related orgs
- $0
- Other
- $84,694
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $328,303
- Bonus
- $86,867
- Other
- $12,356
- Deferred
- $21,076
- Nontaxable benefits
- $63,618
- Filer's total
- $512,220
-
William BartelsonWILLIAM BARTELSON
VP, CONTRACT ADM & ARB
- Total calculated
- $474,840
- From this org
- $387,918
- From related orgs
- $0
- Other
- $86,922
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $290,490
- Bonus
- $79,375
- Other
- $18,053
- Deferred
- $22,468
- Nontaxable benefits
- $64,454
- Filer's total
- $474,840
-
Parin JhaveriPARIN JHAVERI
VP, INFORMATION TECHNOLOGY
- Total calculated
- $438,857
- From this org
- $384,772
- From related orgs
- $0
- Other
- $54,085
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $296,514
- Bonus
- $79,375
- Other
- $8,883
- Deferred
- $21,020
- Nontaxable benefits
- $33,065
- Filer's total
- $438,857
-
Todd AmidonTODD AMIDON
DEPUTY GENERAL COUNSEL
- Total calculated
- $375,431
- From this org
- $331,468
- From related orgs
- $0
- Other
- $43,963
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $281,242
- Bonus
- $46,787
- Other
- $3,439
- Deferred
- $21,197
- Nontaxable benefits
- $22,766
- Filer's total
- $375,431
-
John RooneyJOHN ROONEY
CONTROLLER
- Total calculated
- $371,625
- From this org
- $326,936
- From related orgs
- $0
- Other
- $44,689
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $273,755
- Bonus
- $43,804
- Other
- $9,377
- Deferred
- $21,992
- Nontaxable benefits
- $22,697
- Filer's total
- $371,625
-
Roy AmalfitanoROY AMALFITANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ronnie ArmstrongRONNIE ARMSTRONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Patrick BurgoynePATRICK BURGOYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Edward DenikeEDWARD DENIKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Thomas EngelTHOMAS ENGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ron ForestRON FOREST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Al GebhardtAL GEBHARDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joseph Gregorio SrJOSEPH GREGORIO SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Paul NazzaroPAUL NAZZARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Chris ParvinCHRIS PARVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
George PashaGEORGE PASHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 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, PART I, LINE 1A:
- THE ORGANIZATION PROVIDES LIMITED FIRST-CLASS TRAVEL PURSUANT TO A WRITTEN POLICY FOR CERTAIN EXECUTIVES AND/OR DISTANCES. THE ORGANIZATION PROVIDES LIMITED TRAVEL FOR COMPANIONS, PURSUANT TO POLICY FOR CERTAIN EXECUTIVES AND FOR SPECIFIED BUSINESS OCCASIONS. THE ENTIRE AMOUNT OF SUCH BENEFITS ARE NONTAXABLE. HEALTH CLUB DUES ARE PAID IN FULL OR IN PART FOR REGULAR EMPLOYEES; OTHER CLUB DUES ARE LIMITED BY POLICY TO CERTAIN EXECUTIVES. FOR ELIGIBLE EMPLOYEES, MEMBERSHIP DUES AND SUPPLEMENTAL INSURANCE PREMIUMS ARE ELIGIBLE FOR TAX GROSS-UP.
- SCHEDULE J, PART I, LINE 4B:
- THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN PROVIDES FOR ANNUAL DEFERRALS OF COMPENSATION TO ELIGIBLE PARTICIPANTS (JAMES MCKENNA, CRAIG EPPERSON, 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 169,644 145,298 MICHAEL WECHSLER 88,345 74,193 CRAIG EPPERSON 87,976 83,306 STEPHEN HENNESSEY 78,608 65,791
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.
-
PMA LONGSHORE & CLERKS PAY GUARANTEE PLA
501(c)(9) · BENEFIT PLAN · CA · controlled entity
Directly controlled by PMA
-
501(c)(9) · BENEFIT PLAN · CA · controlled entity
Directly controlled by PMA
-
PMA WALKING BOSSES & FOREMEN'S PAY GUARA
501(c)(9) · BENEFIT PLAN · CA · controlled entity
Directly controlled by PMA
-
501(c)(9) · BENEFIT PLAN · CA · controlled entity
Directly controlled by PMA
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 · 100% owned · share of income $3,091,364 · share of assets $3,757,873 · controlled entity
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440969349301319
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