Hampton Roads Shipping Assn & Intnl Longshoremans Assn Vctn & Hldy Fnd
- Assets
- $251.6k
- Revenue
- $295.0
- Investments
- $0.0
- Employees
- 2,359
- Location
- Norfolk, VA
- Founding
- 07/1986
- Data as of
- 09/2023
- EIN
- 54-1220256
Organization Overview
Hampton Roads Shipping Assn & Intnl Longshoremans Assn Vctn & Hldy Fnd is located in Norfolk, VA. The organization was established in 1986. 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 Assn & Intnl Longshoremans Assn Vctn & Hldy Fnd employed 2,359 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads Shipping Assn & Intnl Longshoremans Assn Vctn & Hldy Fnd 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, Hampton Roads Shipping Assn & Intnl Longshoremans Assn Vctn & Hldy Fnd generated $295.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (56.5%) each year. All expenses for the organization totaled $25.0m during the year ending 09/2023. 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
TO PROVIDE VACATION AND HOLIDAY BENEFITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES VACATION AND HOLIDAY BENEFITS TO ELIGIBLE INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Giesinger Trustee | Trustee | 0.5 | $0 |
Jeremy Bridges Trustee | Trustee | 0.5 | $0 |
Jim Ford Trustee | Trustee | 0.5 | $0 |
James Michalski Trustee | Trustee | 0.5 | $0 |
Peter Cooke Trustee | Trustee | 0.5 | $0 |
Thomas M Little Trustee | Trustee | 0.5 | $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 | $0 |
| 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 | $295 |
| 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 | $24,587,269 |
| Compensation of current officers, directors, key employees. | $21,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,132 |
| Pension plan accruals and contributions | $9,190 |
| Other employee benefits | $32,958 |
| Payroll taxes | $9,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,652 |
| Fees for services: Accounting | $18,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $0 |
| Office expenses | $59,368 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,626 |
| Travel | $5,231 |
| 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 | $95,528 |
| Insurance | $6,170 |
| All other expenses | $3,295 |
| Total functional expenses | $24,977,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,610 |
| 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 | $7,692 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,454 |
| Total assets | $251,646 |
| Accounts payable and accrued expenses | $127 |
| 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 | $165,098 |
| Total liabilities | $165,225 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $86,421 |
| 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 | $251,646 |