Nysa-Ila Container Royalty Fund
- Assets
- $57.2m
- Revenue
- $101.3m
- Investments
- $0.0
- Employees
- 4,164
- Location
- Jersey City, NJ
- Founding
- 10/1982
- Data as of
- 12/2023
- 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 12/2023, Nysa-Ila Container Royalty Fund employed 4,164 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 12/2023, Nysa-Ila Container Royalty Fund generated $101.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $93.7m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 9 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
2023
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 | $127,717 | |
John Nardi Trustee | Trustee | 0 | $0 |
Stephen Knott Trustee | Trustee | 0 | $0 |
Kurt Mittenzwei 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 | $89,603,396 |
| Investment income | $3,054,615 |
| 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 | $101,349,076 |
| 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 | $81,977,129 |
| 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 | $217,129 |
| Pension plan accruals and contributions | $27,633 |
| Other employee benefits | $44,117 |
| Payroll taxes | $19,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,433 |
| Fees for services: Accounting | $20,209 |
| 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 | $1,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,846 |
| 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 | $13,833 |
| All other expenses | $19,906 |
| Total functional expenses | $93,719,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,120,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,585,820 |
| 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 | $20,080,864 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,420,054 |
| Total assets | $57,207,430 |
| Accounts payable and accrued expenses | $482,335 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,420,054 |
| 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 | $469,233 |
| Total liabilities | $18,371,622 |
| 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 | $38,835,808 |
| Total liabilities and net assets/fund balances | $57,207,430 |