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Nonprofiteer
← AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST

Form 990 for tax year 2022

Filed by AMERICAN BUREAU OF SHIPPING VEBA MASTER TRUST.

Totals

Total revenue
-$49,819
Total expenses
$4,678,095
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$304,140
Investment income
-$353,959
Other revenue
$0
Total assets, end of year
$102,894,459
Total liabilities, end of year
$2,133,091
Net assets or fund balances, end of year
$100,761,368
Program services expenses (Part IX)
$3,813,494
Management and general expenses
$864,601
Fundraising expenses
$0
Program service expenses (Part III)
$3,813,494

Program services were 81.5% 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 $304,140 · related or exempt $304,140

  • 3 · Investment income

    total $1,650,694 · related or exempt $8 · excluded $1,650,686

  • 7a · Gross sales of assets other than inventory

    securities $31,387,525

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

    securities $33,392,178

  • 7c · Gain or loss

    securities -$2,004,653

  • 7d · Net gain or loss

    total -$2,004,653 · related or exempt -$2,004,653

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,813,494 · program services $3,813,494

  • 11f · Fees: investment management

    total $864,601 · management and general $864,601

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $89,563,185 · end of year $71,521,776

  • 12 · Investments: other securities

    beginning of year $28,990,130 · end of year $30,839,064

  • 15 · Other assets

    beginning of year $489,903 · end of year $533,619

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,487,505 · end of year $2,133,091

  • 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 $116,555,713 · end of year $100,761,368

Mission and programs · 2022

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 $3,813,494

As filed on the 2022 return.

Listed in Part VII

  • State Street

    TRUSTEE

    Total calculated
    $28,286
    From this org
    $28,286
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202303159349300220

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