Local 861 Employer Container Royalty Trust is located in Portland, ME. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Local 861 Employer Container Royalty Trust is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Local 861 Employer Container Royalty Trust generated $479.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $406.2k during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 3 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
THE MISSION OF THE TRUST IS TO RECEIVE CONTAINER ROYALTY PAYMENTS EARNED PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT AND THEN DISBURSE THE CONTAINER ROYALTIES TO UNION EMPLOYEES AS SUPPLEMENTAL INCOME BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST DISTRIBUTES CONTAINER ROYALTIES TO UNION EMPLOYEES AS SUPPLEMENTAL INCOME BENEFITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert Connolly Jr Trustee | Trustee | 0.5 | $0 |
Daniel Martorano Trustee | Trustee | 0.5 | $0 |
Gylfi Sigfusson Trsutee | Trustee | 0.5 | $0 |
Andrew Haines Trustee | Trustee | 0.5 | $0 |
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 | $478,753 |
Investment income | $247 |
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 | $479,000 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $292,256 |
Payroll taxes | $0 |
Fees for services: Management | $9,100 |
Fees for services: Legal | $468 |
Fees for services: Accounting | $11,550 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $85,000 |
Advertising and promotion | $0 |
Office expenses | $1,515 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,300 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $406,189 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $251,094 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $251,094 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Total liabilities | $0 |
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 | $251,094 |
Total liabilities and net assets/fund balances | $251,094 |
Organization Name | Assets | Revenue |
---|---|---|
Star Island Corporation Portsmouth, NH | $13,251,365 | $4,288,283 |
Whittier Falls Inc Dover, NH | $3,402,140 | $639,742 |
Psh Properties Ii Bangor, ME | $2,999,140 | $936,748 |
Lakes Region Board Of Realtors Inc Laconia, NH | $899,581 | $663,225 |
Greater Manchester Nashua Board Of Realtors Inc Bedford, NH | $857,996 | $628,487 |
Area Agency Properties Inc Nashua, NH | $2,229,986 | $523,844 |
Local 861 Employer Container Royalty Trust Portland, ME | $251,094 | $479,000 |
Portland Board Of Realtors Portland, ME | $1,333,467 | $359,406 |
Central Maine Real Estate Management Corp Lewiston, ME | $1,493,445 | $27,510 |
Nwgm Title Holding Company Llc Manchester, NH | $2,371,199 | $416,438 |
Granite State South Board Of Realtors Inc Londonderry, NH | $729,154 | $262,643 |
Mountains To Shore Board Of Realtor Camden, ME | $313,213 | $234,753 |