Container Royalty Central Collection Fund
- Assets
- $460.9m
- Revenue
- $5.0m
- Investments
- $171.6m
- Employees
- 3
- Location
- Lyndhurst, NJ
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2758874
Organization Overview
Container Royalty Central Collection Fund is located in Lyndhurst, NJ. The organization was established in 2014. 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, Container Royalty Central Collection Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Container Royalty Central Collection 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, Container Royalty Central Collection Fund generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 1.5% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH THE MASTER CONTRACT THE FUND COLLECTS THE CONTRIBUTIONS MADE BY MANAGEMENT AND DISTRIBUTES THE APPROPRIATE AMOUNTS TO A NUMBER OF SEPERATE JOINT LABOR MANAGEMENT FUNDS WHICH PROVIDE COLLECTIVELY BARGAINED EMPLOYEE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mccarthy President | Officer | 40 | $349,296 |
Eileen Mackell Vice President | Officer | 40 | $264,349 |
Jason Kohler Director | Officer | 40 | $149,556 |
Anissa Frucci Trustee | Trustee | 1 | $0 |
Anthony Dalonges Trustee | Trustee | 1 | $0 |
Kenneth Oelkers Trustee | Trustee | 1 | $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 | $2,330,000 |
| Investment income | $2,763,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,043,042 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $800,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,375 |
| Payroll taxes | $53,259 |
| Fees for services: Management | $425,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $233,685 |
| Fees for services: Other | $434,503 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $133,475 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,390 |
| 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 | $39,224 |
| Insurance | $135,251 |
| All other expenses | $72,915 |
| Total functional expenses | $2,658,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,625,059 |
| Savings and temporary cash investments | $64,105,619 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,410,466 |
| 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 | $43,609 |
| Net Land, buildings, and equipment | $137,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $171,583,558 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $460,905,616 |
| Accounts payable and accrued expenses | $143,792 |
| Grants payable | $0 |
| Deferred revenue | $2,500,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $235,689,177 |
| 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 | $222,589,909 |
| Total liabilities | $460,922,878 |
| Net assets without donor restrictions | -$17,262 |
| 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 | $460,905,616 |
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