Masters Mates & Pilots Vacation Fund
- Assets
- $11.7m
- Revenue
- $36.1m
- Investments
- $0.0
- Employees
- 816
- Location
- Linthicum Heights, MD
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 13-5638830
Organization Overview
Masters Mates & Pilots Vacation Fund is located in Linthicum Heights, MD. The organization was established in 1986. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Masters Mates & Pilots Vacation Fund employed 816 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masters Mates & Pilots Vacation Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Masters Mates & Pilots Vacation Fund generated $36.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $35.3m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE VACATION BENEFITS FOR ELIGIBLE MEMBERS EMPLOYED UNDER THE TERMS OF COLLECTIVE BARGAINING AGREEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED VACATION AND OTHER RELATED BENEFITS FOR PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Patrick Mccullough Administrator | Officer | 5.5 | $30,108 |
Mr Ken Ryan Deputy Director | Officer | 5.5 | $24,982 |
Ms Paula Phillips Controller | Officer | 5.5 | $18,928 |
Ms Ann Marie Mccullough Director-Heatlh Benefits | 5.5 | $17,967 | |
Mr Joseph Giusto Programmer/analyst | 5.5 | $17,069 | |
Mr Michael Mccullough Lead Operations Clerk | 5.5 | $16,992 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iomm&p Administrative Services | 12/30/21 | $375,891 |
Mm&p Health And Benefit Plan Administrative Services | 12/30/21 | $566,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,462 |
| Total Program Service Revenue | $35,992,736 |
| Investment income | $824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,095,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $34,160,586 |
| Compensation of current officers, directors, key employees. | $105,967 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,568 |
| Pension plan accruals and contributions | $45,856 |
| Other employee benefits | $84,816 |
| Payroll taxes | $26,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,675 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,650 |
| Fees for services: Other | $2,606 |
| Advertising and promotion | $0 |
| Office expenses | $73,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,804 |
| Travel | $320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,696 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,384 |
| Insurance | $8,087 |
| All other expenses | $0 |
| Total functional expenses | $35,280,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,774 |
| Savings and temporary cash investments | $8,025,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,035,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,023 |
| Total assets | $11,683,449 |
| Accounts payable and accrued expenses | $116,592 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $218,540 |
| Total liabilities | $335,132 |
| Net assets without donor restrictions | $11,348,317 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,683,449 |