Nysa-Ila Container Royalty Fund
- Assets
- $55.5m
- Revenue
- $104.4m
- Investments
- $0.0
- Employees
- 3,654
- Location
- Jersey City, NJ
- Founding
- 10/1982
- Data as of
- 12/2021
- EIN
- 13-6264730
Organization Overview
Nysa-Ila Container Royalty Fund is located in Jersey City, NJ. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nysa-Ila Container Royalty Fund employed 3,654 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nysa-Ila Container Royalty Fund is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Nysa-Ila Container Royalty Fund generated $104.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $97.7m during the year ending 12/2021. While expenses have increased by 3.9% 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
THE FUND IS A MULTIEMPLOYER WELFARE EMPLOYEE BENEFITS FUND THAT WAS ESTABLISHED TO PROTECT EMPLOYEES OF THE LONGSHORE INDUSTRY FROM DECREASING EMPLOYMENT OPPORTUNITIES RESULTING FROM THE USE OF CONTAINERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND ACCOMPLISHED ITS MISSION IN MEETING ITS OBLIGATION TO PAY SUPPLEMENTAL BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Millichip Employee | 35 | $118,451 | |
Dominick Gaudioso Treasurer | Officer | 0 | $0 |
John Nardi Trustee | Trustee | 0 | $0 |
Stephen Knott Trustee | Trustee | 0 | $0 |
John Atkins Trustee | Trustee | 0 | $0 |
Mitchell Hsu Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $91,936,116 |
| Investment income | $13,155 |
| 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 | $104,394,382 |
| 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 | $76,962,084 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,223 |
| Pension plan accruals and contributions | $25,309 |
| Other employee benefits | $42,283 |
| Payroll taxes | $17,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,431 |
| Fees for services: Accounting | $19,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,652 |
| All other expenses | $17,988 |
| Total functional expenses | $97,657,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,105,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,208,303 |
| 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 | $5,799,826 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,366,954 |
| Total assets | $55,480,172 |
| Accounts payable and accrued expenses | $2,073,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,366,954 |
| 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 | $1,470,102 |
| Total liabilities | $25,910,292 |
| Net assets without donor restrictions | $0 |
| 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 | $29,569,880 |
| Total liabilities and net assets/fund balances | $55,480,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Management Institute Inc Newtown Square, PA | $708,097,733 | $329,593,353 |
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
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Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
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