Nysa Ila Vacation & Holiday Fund
- Assets
- $25.6m
- Revenue
- $60.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Jersey City, NJ
- Founding
- 02/1973
- Data as of
- 09/2023
- EIN
- 23-7254775
Organization Overview
Nysa Ila Vacation & Holiday Fund is located in Jersey City, NJ. The organization was established in 1973. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 09/2023, Nysa Ila Vacation & Holiday Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nysa Ila Vacation & Holiday Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2023, Nysa Ila Vacation & Holiday Fund generated $60.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $60.1m during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 8 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 MULTI-EMPLOYER WELFARE EMPLOYEE BENEFIT PLAN ESTABLISHED PURSUANT TOTHE COLLECTIVE BARGAINING AGREEMENT BETWEEN NEW YORK SHIPPING ASSOCIATION AND THEINTERNATIONAL LONGSHOREMEN'S ASSOCIATION TO PROVIDE VACATION AND HOLIDAY BENEFITS TO ELIGIBLE PARTICIPANTS. THE FUND ALSO PROVIDES TRAINING FOR ILA MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND ACCOMPLISHED ITS MISSION IN MEETING ITS OBLIGATION TO PAY VACATION BENEFITS TO ELIGIBLE PARTICIPANTS.
THE FUND ACCOMPLISHED ITS MISSION IN MEETING ITS OBLIGATION TO PAY HOLIDAY BENEFITS TO ELIGIBLE PARTICIPANTS.
THE FUND ACCOMPLISHED ITS MISSION IN MEETING ITS OBLIGATION TO PAY TRAINING BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Walsh Director | 35 | $265,078 | |
Dana Dwyer Coordinator | 35 | $115,916 | |
John Nardi Trustee | Trustee | 0 | $0 |
John Atkins Trustee | Trustee | 0 | $0 |
Kurt Mittenzwei Trustee | Trustee | 0 | $0 |
Mitchell Hsu Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maher Terminals Llc Training | 9/29/23 | $2,004,405 |
Port Liberty Bayonne Llc Training | 9/29/23 | $514,990 |
Ports America Inc Training | 9/29/23 | $1,121,703 |
Port Liberty New York Llc Training | 9/29/23 | $1,053,528 |
Apm Terminals North America Training | 9/29/23 | $620,705 |
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 | $60,115,324 |
| Investment income | $0 |
| 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 | $60,132,578 |
| 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 | $58,709,377 |
| Compensation of current officers, directors, key employees. | $315,725 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,894 |
| Pension plan accruals and contributions | $29,907 |
| Other employee benefits | $59,235 |
| Payroll taxes | $59,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,403 |
| Fees for services: Accounting | $34,829 |
| 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 | $19,298 |
| 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 | $11,701 |
| All other expenses | $13,014 |
| Total functional expenses | $60,132,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,730,569 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,891,507 |
| 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 | $5,393 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,627,469 |
| Accounts payable and accrued expenses | $1,075,458 |
| 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 | $24,552,011 |
| Total liabilities | $25,627,469 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $25,627,469 |