Hampton Roads Shipping Association Ila Container Royalty Fund

Organization Overview

Hampton Roads Shipping Association Ila Container Royalty Fund is located in Norfolk, VA. The organization was established in 1984. 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 09/2023, Hampton Roads Shipping Association Ila Container Royalty Fund employed 2,153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads Shipping Association 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 09/2023, Hampton Roads Shipping Association Ila Container Royalty Fund generated $43.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $43.0m during the year ending 09/2023. While expenses have increased by 4.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPLEMENTAL CASH BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED SUPPLEMENTAL UNEMPLOYMENT BENEFITS TO EMPLOYEES OF THE LONGSHOREMAN INDUSTRY AND PROTECTION FROM THE DECREASE OF EMPLOYMENT OPPORTUNITIES DUE TO THE USE OF CONTAINERS.


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Board, Officers & Key Employees

Name (title)Compensation
Roger Giesinger
Trustee
$0
Jeremy Bridges
Trustee
$0
Jim Ford
Trustee
$0
James Michalski
Trustee
$0
Peter Cooke
Trustee
$0
Thomas M Little
Trustee
$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$42,955,395
Investment income $610,895
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 $43,566,905

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