Form 990 for tax year 2023
Filed by BSA-ILA RETIREMENT ACCOUNT PLAN.
Totals
- Total revenue
- $1,897,278
- Total expenses
- $1,735,232
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,312,365
- Investment income
- $73,736
- Other revenue
- $511,177
- Total assets, end of year
- $2,785,996
- Total liabilities, end of year
- $749,791
- Net assets or fund balances, end of year
- $2,036,205
- Program services expenses (Part IX)
- $1,164,515
- Management and general expenses
- $570,717
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,164,515
Program services were 67.1% 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: ASSESSMENT INCOME
total $1,309,295 · related or exempt $1,309,295
-
2b · Program service revenue: MEMBERSHIP DUES
total $3,070 · related or exempt $3,070
-
3 · Investment income
total $73,736 · excluded $73,736
-
11a · Other revenue: CONTRACT ADMIN. SERVIC
total $491,178 · unrelated business $491,178
-
11b · Other revenue: OTHER INCOME
total $19,999 · unrelated business $19,999
-
11e · Other revenue, total
$511,177
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $579,901 · program services $389,172 · management and general $190,729
-
8 · Pension plan contributions
total $55,602 · program services $37,315 · management and general $18,287
-
10 · Payroll taxes
total $46,030 · program services $30,891 · management and general $15,139
-
11b · Fees: legal
total $1,299 · program services $872 · management and general $427
-
11c · Fees: accounting
total $30,500 · program services $20,469 · management and general $10,031
-
13 · Office expenses
total $11,386 · program services $7,641 · management and general $3,745
-
16 · Occupancy
total $91,690 · program services $61,533 · management and general $30,157
-
24a · Other expenses: CONTRACTUAL ASSESSMENTS
total $581,977 · program services $390,565 · management and general $191,412
-
24b · Other expenses: HEALTH, LIFE AND AD&D I
total $143,544 · program services $96,332 · management and general $47,212
-
24c · Other expenses: PROFESSIONAL SERVICES &
total $58,095 · program services $38,988 · management and general $19,107
-
24d · Other expenses: CLERKS ANNUAL FIDELITY
total $45,000 · program services $30,199 · management and general $14,801
-
24e · All other expenses
total $90,208 · program services $60,538 · management and general $29,670
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $675,327 · end of year $829,215
-
2 · Savings and temporary cash investments
beginning of year $1,591,090 · end of year $1,675,775
-
4 · Accounts receivable
beginning of year $174,515 · end of year $197,343
-
9 · Prepaid expenses and deferred charges
beginning of year $14,518 · end of year $14,452
-
10a · Land, buildings and equipment: cost or other basis
$270,003
-
10b · Land, buildings and equipment: accumulated depreciation
$270,003
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $104,975 · end of year $69,211
-
17 · Accounts payable and accrued expenses
beginning of year $101,082 · end of year $69,161
-
25 · Other liabilities
beginning of year $608,711 · end of year $680,630
-
27 · Net assets without donor restrictions
beginning of year $1,762,672 · end of year $1,935,971
-
28 · Net assets with donor restrictions
beginning of year $87,960 · end of year $100,234
Mission and programs · 2023
Mission
THE PURPOSE OF THIS ASSOCIATION IS TO ASSIST IN ENCOURAGING FRIENDLY AND HARMONIOUS RELATIONS BETWEEN SHIP OWNERS, SHIPPING AGENTS, CUSTOMS HOUSE BROKERS, FREIGHT FORWARDERS, CHARTERERS, CONTRACTING STEVEDORES AND ALL OTHER INDIVIDUALS, FIRMS, AND CORPORATIONS ENGAGED IN OR AFFILIATED WITH THE MARITIME INTERESTS IN BOSTON AND ITS VICINITY; TO SERVE ITS MEMBERS IN THE NEGOTIATION AND CARRYING OUT OF LABOR AGREEMENTS BETWEEN EMPLOYERS AND EMPLOYEES; TO IMPROVE WORKING CONDITIONS IN THE SHIPPING INDUSTRY AND TO ENCOURAGE SOUND BUSINESS RELATIONSHIPS BETWEEN THE MEMBERS AND THE EMPLOYEES; TO PROMOTE THE GROWTH OF MARITIME TRADE THROUGH THE PORT OF BOSTON; ENCOURAGE AND ASSIST FEDERAL, STATE AND LOCAL GOVERNMENT, PUBLIC AND PRIVATE ENTITIES IN AS A MARITIME STATE; TO CARRY OUT ALL OTHER THINGS LAWFULLY PERMITTED UNDER CHAPTER 180 OF THE GENERAL LAWS AND AMENDMENTS THERETO.
Activities or mission (Part I)
TO ENCOURAGE HARMONIOUS RELATIONS BETWEEN PARTIES WHICH ENGAGE IN BOSTON MARITIME INTERESTS
-
THE PURPOSE OF THIS ASSOCIATION IS TO ASSIST IN ENCOURAGING FRIENDLY AND HARMONIOUS RELATIONS BETWEEN SHIP OWNERS, SHIPPING AGENTS, CUSTOMS HOUSE BROKERS, FRIEGHT FORWARDERS, CHARTERERS, CONTRACTING STEVEDORES AND ALL OTHER INDIVIDUALS, FIRMS, AND CORPORATIONS ENGAGED IN OR AFFILIATED WITH THE MARITIME INTERESTS IN BOSTON AND ITS VICINITY; TO SERVE ITS MEMBERS IN THE NEGOTIATION AND CARRYING OUT OF LABOR AGREEMENTS BETWEEN EMPLOYERS AND EMPLOYEES; TO IMPROVE WORKING CONDITIONS IN THE SHIPPING INDUSTRY AND TO ENCOURAGE SOUND BUSINESS RELATIONSHIPS BETWEEN THE MEMBERS AND THE EMPLOYEES; TO PROMOTE THE GROWTH OF MARITIME TRADE THROUGH THE PORT OF BOSTON; ENCOURAGE AND ASSIST FEDERAL, STATE AND LOCAL GOVERNMENT, PUBLIC AND PRIVATE ENTITIES IN AS A MARITIME STATE; TO CARRY OUT ALL OTHER THINGS LAWFULLY PERMITTED UNDER CHAPTER 180 OF THE GENERAL LAWS AND AMENDMENTS THERETO.
Expenses $1,164,515 · Revenue $1,312,365
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William EldridgeWILLIAM ELDRIDGE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Ryan CoxRYAN COX
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
William FlukeWILLIAM FLUKE
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Chris ZuffanteCHRIS ZUFFANTE
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Rick ElliotRICK ELLIOT
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Kelly StrongKELLY STRONG
BSA TRUSTEE
- Total calculated
- $332,518
- From this org
- $332,518
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $279,405
- Bonus
- $0
- Other
- $53,113
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $332,518
-
David PowellDAVID POWELL
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Joseph MorrisJOSEPH MORRIS
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Brian DayBRIAN DAY
SECRETARY-TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Gavin BlackGAVIN BLACK
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Nick EldridgeNICK ELDRIDGE
BSA TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Gerard BuckleyGERARD BUCKLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Marshall GreenlandMARSHALL GREENLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Dennis MiniscalcoDENNIS MINISCALCO
CONTROLLER
- Total calculated
- $163,447
- From this org
- $163,447
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $127,500
- Bonus
- $0
- Other
- $35,947
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $163,447
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
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501 (C) 9 · PROVIDE VACATION BENEFITS TO MEMBERS OF ILA FOR THE PORT OF BOSTON · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
-
501 (C) 9 · PROVIDE HOLIDAY PAY FOR MEMBERS OF ILA FOR THE PORT OF BOSTON · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
-
BSA-ILA PENSION FUND
N/A · COLLECTING CONTRIBUTIONS AND PAYING PENSIONS AND OTHER OBLIGATIONS · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
-
BSA-ILA CONTAINER ROYALTY
N/A · PAY SUPPLEMENTAL CASH PAYMENTS TO EMPLOYEES COVERED BY THE MANAGEMENT AGREEM · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
-
BSA-SUPPLEMENTAL FIRST CONTAINER ROYALTY
N/A · PAY SUPPLEMENTAL CASH PAYMENTS TO EMPLOYEES COVERED BY THE MANAGEMENT AGREEM · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
-
BSA-ILA RETIREMENT FUND
N/A · PROVIDE DEFINED CONTRIBUTIONS PLAN TO UNION EMPLOYEES · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
-
BSA-ILA HEALTHWELFARE & CLINIC FUND
501 (C) 9 · PROVIDE HEALTH BENEFITS · MA
Directly controlled by BOSTON SHIPPING ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532239349301728
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